UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
     Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) February 8, 2006


                        Gladstone Investment Corporation
             (Exact name of registrant as specified in its chapter)

          Delaware                     000-51233                  83-0423116
(State or other jurisdiction          (Commission               (IRS Employer
      of incorporation)               File Number)           Identification No.)

        1521 Westbranch Drive, Suite 200
                McLean, Virginia                                    22102
    (Address of principal executive offices)                      (Zip Code)


Registrant's telephone number, including area code: (703) 287-5800


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

|_|  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

|_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

|_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

|_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))




Item 2.02 Results of Operations and Financial Condition.

On February 8, 2006, Gladstone Investment Corporation issued a press release
announcing its financial results for three months ending December 31, 2005. The
text of the press release is included as an exhibit to this Form 8-K. Pursuant
to the rules and regulations of the Securities and Exchange Commission, such
exhibit and the information set forth therein and herein are deemed to be
furnished and shall not be deemed to be filed.


Item 9.01 Financial Statements and Exhibits.

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Not applicable

     (d)  Exhibits

            Exhibit No.    Description
            -----------    -----------

            99.1           Press release dated February 8, 2006




                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                               Gladstone Investment Corporation
                                                         (Registrant)

February 8, 2006                               By: /s/ Harry Brill
                                                   -----------------------------
                                                   (Harry Brill, Chief Financial
                                                   Officer)




                                  EXHIBIT INDEX


Exhibit No.        Description
-----------        -----------

99.1               Press release dated February 8, 2006