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): February 7, 2005

                          APOLLO INVESTMENT CORPORATION
             (Exact name of registrant as specified in its charter)

             Maryland                 333-112591               52-2439556
             --------                 ----------               ----------
 (State or other jurisdiction   (Commission File Number)    (I.R.S. Employer 
      of incorporation)                                  Identification Number)

               9 West 57th Street, 41st Floor, New York, NY 100019
               (Address of principal executive offices) (Zip Code)

                                 (212) 515-3200
              (Registrant's telephone number, including area code)

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 (see General Instruction A.2.):

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

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

|_| 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 7, 2005, Apollo Investment Corporation announced financial results
for its third fiscal quarter ended December 31, 2004. A copy of the financial
results press release is attached hereto as exhibit 99.1 and is incorporated
into this Item 2.02 by reference.

Item 9.01   Financial Statements and Exhibits.

(c)    Exhibits.

     Exhibit No.                                        Description of Document

         99.1        Press Release dated February 7, 2005 announcing financial
                     results for the third fiscal quarter ended December 31,

         This Form 8-K may contain, among other things, forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995, including statements with respect to Apollo Investment Corporation's
plans, objectives, expectations and intentions and other statements identified
by words such as "may," "could," "would," "will," "should," "believes,"
"expects," "anticipates," "estimates," "intends," "plans" or other similar
expressions. We base such statements on currently available operating, financial
and competitive information; such statements are subject to various risks and
uncertainties that could cause actual results to differ materially from our
historical experience and our present expectations. You should not place undue
reliance on such forward-looking statements, as they speak only as of the date
on which they are made. Additional information regarding these and other risks
and uncertainties is contained in our periodic filings with the Securities and
Exchange Commission.


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this Current Report on Form 8-K to be
signed on its behalf by the undersigned hereunto duly authorized.

                                        APOLLO INVESTMENT CORPORATION

                                        By: /s/ Richard L. Peteka
                                           Name:  Richard L. Peteka
                                           Title: Chief Financial Officer

Date: February 7, 2005