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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001181431-07-053748.txt : 20070823
<SEC-HEADER>0001181431-07-053748.hdr.sgml : 20070823
<ACCEPTANCE-DATETIME>20070823114711
ACCESSION NUMBER:		0001181431-07-053748
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070823
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070823
DATE AS OF CHANGE:		20070823

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EQUUS TOTAL RETURN, INC.
		CENTRAL INDEX KEY:			0000878932
		IRS NUMBER:				760345915
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00098
		FILM NUMBER:		071074866

	BUSINESS ADDRESS:	
		STREET 1:		2727 ALLEN PKWY
		STREET 2:		13TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77019
		BUSINESS PHONE:		7135290900

	MAIL ADDRESS:	
		STREET 1:		2727 ALLEN PARKWAY
		STREET 2:		13TH FLOOR
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77019

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EQUUS II INC
		DATE OF NAME CHANGE:	19970422
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd170470.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>

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<P align="center">
<B><FONT face="serif">U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549</FONT></B></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT size=4 face="serif">FORM 8-K</FONT></B><BR>
<BR>
<B><FONT size=4 face="serif">CURRENT REPORT</FONT></B><BR>
</TD></TR></TABLE>
</P>
<P align="center">
<FONT face="serif">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></P>
<P align="left">
<FONT face="serif">Date of Report (Date of earliest event reported): August 22, 2007</FONT></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT size=4 face="serif">Equus Total Return, Inc.</FONT></B><BR>
</TD></TR></TABLE>
</P>
<P align="center">
<FONT face="serif">(Exact name of registrant as specified in its charter)</FONT></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT face="serif">Delaware</FONT></B><BR>
<FONT face="serif">(State or other jurisdiction of incorporation)</FONT><BR>
</TD></TR></TABLE>
</P>
<TABLE border=0 cellspacing=1 cellpadding=0>
<TR valign="bottom">
	<TD width=43% nowrap align=center>
<B><FONT face="serif">0-19509</FONT></B>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=54% nowrap align=center>
<B><FONT face="serif">76-0345915</FONT></B>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=43% nowrap align=center>
<FONT face="serif">(Commission File Number)</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=54% nowrap align=center>
<FONT face="serif">(I.R.S. Employer Identification No.)</FONT>&nbsp;
	</TD>
</TR>
</TABLE><BR>
<P align="center">
<B><FONT face="serif">2727 Allen Parkway, 13</FONT></B><B><SUP><FONT face="serif">th</FONT></SUP></B><B><FONT face="serif"> Floor, Houston, Texas 77019</FONT></B></P>
<P align="center">
<FONT face="serif">(Address of principal executive offices, zip code)</FONT></P>
<P align="center">
<FONT face="serif">Registrant&#146;s telephone number, including area code: </FONT><B><FONT face="serif">(713) 529-0900</FONT></B></P>
<P align="center">
<B><FONT face="serif">N/A</FONT></B></P>
<P align="center">
<FONT face="serif">(Former name or former address, if changed since last report)</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</FONT></P>
<P align="left">
<FONT face="serif">[ ] Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>
<P align="left">
<FONT face="serif">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>
<P align="left">
<FONT face="serif">[ ] Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange act (17 CFR 240.14d-2(b))</FONT></P>
<P align="left">
<FONT face="serif">[ ] Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange act (17 CFR 240.13e-4(c))</FONT></P>

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<B><FONT face="serif">Item 8.01.</FONT></B><BR>
</TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT face="serif">Other Events.</FONT></B><BR>
</TD></TR></TABLE>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">On August 22, 2007, Equus Total Return, Inc. issued a press release announcing a &#36;2 million investment in Nickent Golf, Inc., a California corporation. The text of the press release is included as
Exhibit 99.1 to this Current Report and is incorporated herein by reference. </FONT></P>
<P align="left">
<B><FONT face="serif">Item 9.01. Financial Statements and Exhibits.</FONT></B></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT face="serif">(d)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<U><FONT face="serif">Exhibits</FONT></U><FONT face="serif">.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
<TD>&nbsp;</TD>	<TD width=100%>
<FONT face="serif">99.1 Press Release, dated August 22, 2007.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="left">
<FONT face="serif">1</FONT></P>

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<B><FONT face="serif">SIGNATURE</FONT></B><BR>
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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="serif">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.</FONT></P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT face="serif">EQUUS TOTAL RETURN, INC.</FONT></B><BR>
</TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<FONT face="serif">Dated: August 23, 2007</FONT><BR>
</TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<FONT face="serif">By: /s/ L&#146;Sheryl D. Hudson</FONT><BR>
</TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<FONT face="serif">L&#146;Sheryl D. Hudson</FONT><BR>
<FONT face="serif">Vice President and Chief Financial Officer</FONT><BR>
</TD></TR></TABLE>
</P>
<P align="left">
<FONT face="serif">2</FONT></P>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>rrd170470_21466.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>

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<TABLE border=0 cellspacing=1 cellpadding=0>
<TR valign="bottom">
	<TD width=48% nowrap align=left>
<B><FONT face="serif">FOR IMMEDIATE RELEASE</FONT></B>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=28% nowrap align=left>
<B><FONT face="serif">CONTACT:</FONT></B>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=18% nowrap align=right>
<B><FONT face="serif">BRETT CHILES</FONT></B>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=48% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=28% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=18% nowrap align=right>
<B><FONT face="serif">(713) 529-0900</FONT></B>&nbsp;
	</TD>
</TR>
</TABLE><BR>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><FONT size=5 face="serif">EQUUS TOTAL RETURN, INC. ANNOUNCES EQUITY INVESTMENT IN GOLF CLUB MAKER NICKENT</FONT></B></P>
<P align="left">
<B><FONT face="serif">HOUSTON, TX &#150; August 22, 2007 &#150; Equus Total Return, Inc. (NYSE: EQS) </FONT></B><FONT face="serif">(&#147;Equus&#148; or the &#147;Fund&#148;) announces a &#36;2 million equity investment in Nickent Golf, Inc.
(&#147;Nickent&#148;). Nickent will use the proceeds for working capital, strategic marketing and global expansion.</FONT></P>
<P align="left">
<FONT face="serif">"In the golf industry, you need key components to facilitate the jump from a niche brand to a major player,&#148; commented Michael Lee, CEO and Co-founder of Nickent. &#147;Superior product, PGA TOUR validation, distribution
growth and an aggressive marketing plan are some of the main reasons we have been able to distinguish ourselves from the rest of the pack. This year we celebrated a &#145;Major&#146; victory at the US Open, and we have won 18 times on the PGA Tours
over the last 3 seasons. Our valued relationship with Equus provides an opportunity to take Nickent to an even higher level. We hope to make Nickent a household name for golfers around the world.&#148;</FONT></P>
<P align="left">
<FONT face="serif">&#147;We are pleased to announce this investment in Nickent,&#148; commented Anthony Moore, Co-Chairman and President of Equus and Chairman of Nickent. &#147;This, combined with our debt financing in June, positions the Fund to
receive dual benefits of current income and potential capital gains. We look forward to working with Nickent and its experienced management team.&#148;</FONT></P>
<P align="left">
<FONT face="serif">Nickent is a market leader in the rapidly expanding, hybrid club segment of the golf industry and is an emerging leader in game-enhancement technology. Nickent&#146;s development process is driven by its dedication to advanced
technologies and focus on design innovation. Nickent is the official OEM sponsor of the Golf Channel&#146;s Nationwide Tour coverage. Additional information on Nickent Golf, Inc. may be obtained at the Nickent website at
www.nickentgolf.com.</FONT></P>
<P align="left">
<FONT face="serif">Equus Total Return, Inc. is a business development company that trades as a closed-end fund on the New York Stock Exchange, under the symbol "EQS". Additional information on Equus Total Return, Inc. may be obtained from the Equus
website at www.equuscap.com.</FONT></P>
<P align="left">
<I><FONT face="serif">This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company&#146;s current expectations and assumptions and are subject to
various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Company&#146;s filings with the
Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no
obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or </FONT></I></P>

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<I><FONT face="serif">circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or
circumstances described in such statements are material.</FONT></I></P>

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