<DOCUMENT>
<TYPE>EX-23.1
<SEQUENCE>8
<FILENAME>capitalsw10kex231033103.txt
<DESCRIPTION>INDEPENDENT AUDITOR'S CONSENT
<TEXT>

                                                                    Exhibit 23.1










                          Independent Auditors' Consent



The Board of Directors
Capital Southwest Corporation:


We consent to the incorporation by reference in the registration  statement (No.
33-43881) on Form S-8 of Capital Southwest Corporation of our report dated April
25, 2003, with respect to the consolidated  statements of financial condition of
Capital  Southwest  Corporation  and  subsidiary  as of March 31, 2003 and 2002,
including the  portfolio of  investments  as of March 31, 2003,  and the related
consolidated statements of operations, changes in net assets, and cash flows for
each of the  years in the  three-year  period  ended  March  31,  2003,  and the
selected per share data and ratios for each of the years in the five-year period
ended March 31, 2003,  which report appears in the annual report to shareholders
for the year ended March 31, 2003, and is incorporated by reference in the March
31, 2003 annual report on Form 10-K of Capital Southwest Corporation.

                                    KPMG LLP


Dallas, Texas
June 12, 2003



</TEXT>
</DOCUMENT>
