X0202 3 2005-07-25 0 0001326003 BlackRock Kelso Capital CORP N/A 0001141328 MAHER JAMES R C/O BLACKROCK KELSO CAPITAL ADVISORS LLC 40 EAST 52ND STREET NEW YORK NY 10022 1 1 0 1 Chief Executive Officer C.E.O. of investment adviser Common Stock, par value $0.001 per share 460066.667 I By BlackRock Kelso Capital Super Holdings LLC Common Stock, par value $0.001 per share 6600 I By BlackRock Kelso Capital Advisors LLC Common Stock, par value $0.001 per share 102666.667 I By James R. Maher Trust, U/T/A dated 1/17/1997 Common Stock, par value $0.001 per share 26000 I By Caroline C. Maher Common Stock, par value $0.001 per share 26000 I By Elizabeth H. Maher Common Stock, par value $0.001 per share 19333.333 I By James R. Maher, Jr. Common Stock, par value $0.001 per share 26000 I By Emily L. Maher Owned indirectly through the Reporting Person's direct ownership of interests in BlackRock Kelso Capital Super Holdings LLC ("Super"), which owns Common Stock of the Issuer through its indirect ownership of interests in BlackRock Kelso Capital Holding LLC ("Holding"). Owned indirectly through the Reporting Person's direct ownership of interests in BlackRock Kelso Capital Advisors LLC ("Advisor"), which owns Common Stock of the Issuer through its indirect ownership of interests in Holding. The Reporting Person has a pecuniary interest in James R. Maher Trust, U/T/A dated 1/17/1997, which has a direct ownership interest in Super. See Footnote 1. The Reporting Person is the father of Caroline C. Maher, Elizabeth H. Maher, James R. Maher, Jr. and Emily L. Maher, each of whom has a direct ownership interest in Super and Advisor. See Footnotes 1 and 2. The Reporting Person disclaims beneficial ownership of the shares beneficially owned by such persons. James R. Maher, by Farzad Samimi, Attorney-in-Fact 2005-07-25