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: October 25, 2004

                          Apollo Investment Corporation
             (Exact name of registrant as specified in its charter)

           Maryland                   333-112591                52-2439556
  ----------------------------        -----------           -------------------
(State or other jurisdiction          Commission                (IRS Employer
      of incorporation)               File Number)           Identification No.)

               9 West 57th Street, 43rd Floor, New York, NY 10019
               (Address of principal executive offices) (Zip Code)

         Registrant's telephone number, including area code 212-515-3200
        (Former address: 1301 Avenue of the Americas, New York, NY 10019)

Item 7.01. Regulation FD Disclosure.

     The following press release was issued by Apollo Investment Corporation on
October 25, 2004:

                          APOLLO INVESTMENT CORPORATION
                     FOR THE PERIOD ENDED SEPTEMBER 30, 2004

New York, NY - October 25, 2004 - Apollo Investment Corporation (NASDAQ: AINV)
announced today that it will report second fiscal quarter earnings for the
periods ended September 30, 2004 on Monday, November 8, 2004 after the close of
the financial markets.

     The company will also host a conference call at 10:00 a.m. (Eastern Time)
on Tuesday, November 9, 2004 to discuss its second fiscal quarter financial
results. All interested parties are welcome to participate. You can access the
conference call by dialing (877) 780-2271 approximately 5-10 minutes prior to
the call. International callers should dial (973) 582-2773. All callers should
reference "Apollo Investment Corporation". An archived replay of the call will
be available through November 23, 2004 by calling (877) 519-4471. International
callers please dial (973) 341-3080. For all replay, please reference pin #

About Apollo Investment Corporation

Apollo Investment Corporation is a closed-end investment company that has
elected to be treated as a business development company under the Investment
Company Act of 1940. The Company's investment portfolio will be principally
invested in middle-market private companies. From time to time, the Company may
also invest in public companies. The Company expects to primarily invest in
senior secured loans and mezzanine loans and equity in furtherance of its
business plan. Apollo Investment Corporation is managed by Apollo Investment
Management, L.P., an affiliate of Apollo Management, L.P., a leading private
equity investor.

Forward-Looking Statements

Statements included herein may constitute "forward looking statements" within
the meaning of the Private Securities Litigation Reform Act of 1995. These
statements are not guarantees of future performance or results and involve a
number of risks and uncertainties. Actual results may differ materially from
those in the forward-looking statements as a result of a number of factors,
including those described from time to time in our filings with the Securities
and Exchange Commission. The Company undertakes no duty to update any
forward-looking statements made herein.

CONTACT:  Richard L. Peteka of Apollo Investment Corporation, 212-515-3423


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.

                               Apollo Investment Corporation

                                 /s/  Richard L. Peteka

                               By:    Richard L. Peteka
                               Title: Chief Financial Officer
                               Date:  October 25, 2004