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) September 10, 2007

                          Capital Southwest Corporation
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Texas                   811-1056                     75-1072796
--------------------------------------------------------------------------------
(State or other jurisdiction     (Commission                  (IRS Employer
      of incorporation)          File Number)                Identification No.)

 12900 Preston Road, Suite 700, Dallas, Texas                      75230
--------------------------------------------------------------------------------
(Address of principal executive offices)                        (Zip Code)

Registrant's telephone number, including area code             972-233-8242
                                                            --------------------




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:

[ ]  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 5.02  DEPARTURE OF DIRECTORS OR CERTAIN  OFFICERS;  ELECTION OF  DIRECTORS;
           APPOINTMENT OF CERTAIN OFFICERS

          On  September  10,  2007,  Tracy L. Morris  joined  Capital  Southwest
          Corporation as  controller,  serving as the chief  financial  officer.
          Tracy's previous  experience  includes a controller  position with two
          other  companies  and she has also served in a staff  position  with a
          public  accounting firm. She received a BS in business  administration
          and is a Certified Public Accountant.























                                   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.


Dated: September 24, 2007
                              By: /s/  Gary L. Martin
                                  ----------------------------------------------
                                  Name: Gary L. Martin
                                  Title:   President and Chief Executive Officer