-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TaHrXSBxF/kCkv9Y1/BmlBEqYCIRZK8XuVYedWPisbQ61es8gTjkbgLweB1ACTw0
 i5yhqpva3sLfcQhDfkL1vQ==

<SEC-DOCUMENT>0001181431-10-056792.txt : 20101119
<SEC-HEADER>0001181431-10-056792.hdr.sgml : 20101119
<ACCEPTANCE-DATETIME>20101119170322
ACCESSION NUMBER:		0001181431-10-056792
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101118
FILED AS OF DATE:		20101119
DATE AS OF CHANGE:		20101119

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APOLLO INVESTMENT CORP
		CENTRAL INDEX KEY:			0001278752
		IRS NUMBER:				522439556
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0331

	MAIL ADDRESS:	
		STREET 1:		1301 AVENUE OF THE AMERICAS
		STREET 2:		38TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	APOLLO CAPITAL CORP
		DATE OF NAME CHANGE:	20040204

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Puleo Frank C
		CENTRAL INDEX KEY:			0001426775

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00646
		FILM NUMBER:		101206297

	MAIL ADDRESS:	
		STREET 1:		7425 PURPLE SAGE
		STREET 2:		GLENWILD
		CITY:			PARK CITY
		STATE:			UT
		ZIP:			84098
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd291794.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-11-18</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001278752</issuerCik>
        <issuerName>APOLLO INVESTMENT CORP</issuerName>
        <issuerTradingSymbol>AINV</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001426775</rptOwnerCik>
            <rptOwnerName>Puleo Frank C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O APOLLO INVESTMENT CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>9 WEST 57TH STREET</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10019</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $0.001 per share</value>
            </securityTitle>
            <transactionDate>
                <value>2010-11-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>0.63</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>10.73</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10468</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/ Frank C. Puleo</signatureName>
        <signatureDate>2010-11-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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