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  <TITLE> Allied Capital Corporation (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	July 27, 2007
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  	Allied Capital Corporation
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	&nbsp;
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  	Maryland
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  	0-22832
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  	52-1081052
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	1919 Pennsylvania Avenue, N.W., Washington, District of Columbia
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  	20006
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	&nbsp;
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  	202 721-6100
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  <FONT SIZE="2">Top of the Form</FONT>
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  <B>
  	Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
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  On July 27, 2007, the Board of Directors of Allied Capital Corporation adopted certain amendments to Allied Capital Corporation&#x2019;s Amended and Restated Bylaws to (i) establish the position of a chief legal officer and (ii) set forth duties and responsibilities required to be performed by the chief legal officer.  The amendments became effective upon adoption by the Board of Directors on July 27, 2007.  A copy of the revised Amended and Restated Bylaws is attached as Exhibit 3.1 to this Form 8-K.
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  	Item 9.01 Financial Statements and Exhibits.
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  (a)  Not applicable.<br><br>(b) Not applicable.<br><br>(c) Exhibits.<br>    Exhibit No.: 3.1<br>    Description: Amended and Restated Bylaws of Allied Capital Corporation<br>
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  	SIGNATURES
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  	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.
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  	Allied Capital Corporation
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  	&nbsp;&nbsp;
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  <I>
  	July 30, 2007
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  	&nbsp;
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  	By:
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  	&nbsp;
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  <I>
  	Penni F. Roll
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  	&nbsp;
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  <I>
  	Name: Penni F. Roll
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  <I>
  	Title: Chief Financial Officer
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  	Exhibit&nbsp;Index
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  	Exhibit No.
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  	Description
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  	3.1
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  	&nbsp;
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  Amended and Restated By-Laws of Allied Capital Corporation.
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_21721.htm", "description": "LIVE FILING", "secsgml_size_bytes": 10383}]
metadata_filer: {"company-data": {"conformed-name": "ALLIED CAPITAL CORP", "cik": "0000003906", "irs-number": "521081052", "state-of-incorporation": "MD", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "814-00138", "film-number": "071008774"}, "business-address": {"street1": "1919 PENNSYLVANIA AVENUE NW", "city": "WASHINGTON", "state": "DC", "zip": "20006", "phone": "2023311112"}, "mail-address": {"street1": "1919 PENNSYLVANIA AVENUE NW", "street2": "1666 K STREET NW", "city": "WASHINGTON", "state": "DC", "zip": "20006"}, "former-company": [{"former-conformed-name": "ALLIED CAPITAL LENDING CORP", "date-changed": "19931116"}, {"former-conformed-name": "ALLIED LENDING CORP", "date-changed": "19920703"}]}
text: Allied Capital Corporation (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 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):
  July 27, 2007
  Allied Capital Corporation
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Maryland
  0-22832
  52-1081052
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  1919 Pennsylvania Avenue, N.W., Washington, District of Columbia
  20006
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  202 721-6100
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  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))
  Top of the Form
  Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
  On July 27, 2007, the Board of Directors of Allied Capital Corporation adopted certain amendments to Allied Capital Corporation's Amended and Restated Bylaws to (i) establish the position of a chief legal officer and (ii) set forth duties and responsibilities required to be performed by the chief legal officer.  The amendments became effective upon adoption by the Board of Directors on July 27, 2007.  A copy of the revised Amended and Restated Bylaws is attached as Exhibit 3.1 to this Form 8-K.
  Item 9.01 Financial Statements and Exhibits.
  (a)  Not applicable.
  (b) Not applicable.
  (c) Exhibits.
  Exhibit No.: 3.1
  Description: Amended and Restated Bylaws of Allied Capital Corporation
  Top of the Form
  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.
  Allied Capital Corporation
  July 30, 2007
  By:
  Penni F. Roll
  Name: Penni F. Roll
  Title: Chief Financial Officer
  Top of the Form
  Exhibit Index
  Exhibit No.
  Description
  3.1
  Amended and Restated By-Laws of Allied Capital Corporation.