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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 RBbM8lzOkvfLTfVp1ubsKOPfwgb+NcASOe2g0YrYesg6F0e6V06k/IFu4U8y3wjZ
 T08IjfvFmTHjir+7FksNHQ==

<SEC-DOCUMENT>0000947871-04-001063.txt : 20040408
<SEC-HEADER>0000947871-04-001063.hdr.sgml : 20040408
<ACCEPTANCE-DATETIME>20040408174928
ACCESSION NUMBER:		0000947871-04-001063
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040408
FILED AS OF DATE:		20040408

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APOLLO INVESTMENT CORP
		CENTRAL INDEX KEY:			0001278752
		IRS NUMBER:				522439556
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	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:			HANNAN JOHN J
		CENTRAL INDEX KEY:			0001256241

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00646
		FILM NUMBER:		04725729

	BUSINESS ADDRESS:	
		STREET 1:		C/O APOLLO MANAGEMENT LP
		STREET 2:		1301 AVENUE OF THE AMEICAS 38TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		2125153201
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>f3_040804-hannanex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2004-04-08</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001256241</rptOwnerCik>
            <rptOwnerName>HANNAN JOHN J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O APOLLO INVESTMENT CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>1301 AVENUE OF THE AMERICAS,  38TH FL.</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>

    <remarks>The Reporting Person is a director of the issuer.  The reported ownership does not include shares of common stock of the issuer held by an affiliate of the investment manager of the issuer as to which the Reporting Person may have certain pecuniary interests.  The Reporting Person disclaims beneficial ownership of all shares not held directly by the Reporting Person.</remarks>

    <ownerSignature>
        <signatureName>John J. Hannan</signatureName>
        <signatureDate>2004-04-08</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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