<DOCUMENT>
<TYPE>40-17G
<SEQUENCE>1
<FILENAME>d4017g.txt
<DESCRIPTION>KOHLBERG CAPITAL CORPORATION, 40-17G
<TEXT>
<PAGE>

                 ROPES & GRAY LLP
 [LOGO OF        45 ROCKEFELLER PLAZA  NEW YORK, NY 10111-0087
 ROPES & GRAY    212-841-5700 F 212-841-5725  BOSTON  NEW YORK  PALO ALTO
 APPEARS HERE]   SAN FRANCISCO  WASHINGTON, DC  www.ropesgray.com

January 12, 2007

Securities and Exchange Commission
Attn: Filing Desk
450 Fifth Street, N.W.
Washington, D.C. 20549

Re: Kohlberg Capital Corporation

Ladies and Gentlemen:

   Enclosed for filing on behalf of Kohlberg Capital Corporation (the
"Company") pursuant to Rule 17g-l(g) under the Investment Company Act of 1940
please find a copy of (i) the Company's single insured bond for the period from
November 22, 2006 to November 22, 2007, (ii) the resolution of a majority of
the board of directors of the Company who are not "interested persons"
approving the amount, type, form and coverage of the single insured bond, and
(iii) a statement as to the period for which premiums have been paid.

   Please call me at (212) 841-0484 if you have any questions.

Sincerely,

/s/ Rebecca C. O'Brien
-------------------------
Rebecca C. O'Brien

Enclosure
</TEXT>
</DOCUMENT>
