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):

                                 March 23, 2005

                       TECHNOLOGY INVESTMENT CAPITAL CORP.
             (Exact name of registrant as specified in its charter)


          MARYLAND                     000-50398                20-0118736
(State or other jurisdiction    (Commission File Number)     (I.R.S. Employer
     of incorporation)                                      Identification No.)

                         8 SOUND SHORE DRIVE, SUITE 255
                               GREENWICH, CT 06830
              (Address of principal executive offices and zip code)

       Registrant's telephone number, including area code: (203) 983-5275


Check the appropriate box below if the Form 8-K 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))



ITEM 8.01 OTHER EVENTS.

On March 23, 2005, Technology Investment Capital Corp. issued a press release
announcing that it has completed a $5.0 million investment in senior secured
notes with warrants and a $500,000 investment in convertible preferred stock
issued by WHITTMANHART, Inc., a consulting company providing integrated
solutions in digital communications, process improvement, and enabling
technologies to Fortune 1000 and premier middle-market companies. TICC has also
committed to purchase an additional $7.0 million of senior notes as WHITTMANHART
achieves certain milestones. The text of the press release is included as
Exhibit 99.1 to this Form 8-K.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

     (a) Not applicable.

     (b) Not applicable.

     (c) Exhibits.


               EXHIBIT NO.             DESCRIPTION
               -----------             -----------

               99.1                    Press release dated March 23, 2005







                                   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.



Date: March 23, 2005                     TECHNOLOGY INVESTMENT CAPITAL CORP.


                                         By: /s/ Saul B. Rosenthal
                                             -----------------------------------
                                             Saul B. Rosenthal
                                             President