UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K/A

                                 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 24, 2008

                          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 8.01. Other Events Capital Southwest Corporation is sorry to announce that William R. Thomas passed away on September 23, 2008. Mr. Thomas joined Capital Southwest in 1962 and served as the company's president from 1980 until his retirement on July 16, 2007. He was named chairman of the board in 1982 and continued on as a director upon his retirement. Item 9.01. Financial Statements and Exhibits. (a) None. (b) None. (c) None. (d) Exhibits Exhibit Number Description - -------------------------------------------------------------------------------- 99.1 Press Release dated September 24, 2008

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, 2008 By: /s/ Gary L. Martin ------------------- Name: Gary L. Martin Title: President and Chairman

CAPITAL
SOUTHWEST
________________________________________________________________________________


CAPITAL SOUTHWEST DIRECTOR WILLIAM R. THOMAS PASSES AWAY


DALLAS -  September  24, 2008 - Capital  Southwest  Corporation  (Nasdaq:  CSWC)
announced  today that former CEO,  William R. Thomas,  80, has passed away. Bill
Thomas joined  Capital  Southwest in 1962 and served as the company's  president
from 1980 until his  retirement on July 16, 2007.  He was named  chairman of the
board in 1982 and continued on as a director upon his retirement.

          "The  entire  Capital  Southwest  family  mourns  the  passing of Bill
Thomas,  a great  business  leader,  an industry  icon,  a gentleman  and a good
friend," said Gary Martin.  "Bill  dedicated his life to Capital  Southwest and,
during his  illustrious  45-year career here, he attained  unparalleled  results
while  serving as a role  model of  integrity  for all who knew him.  He will be
greatly missed."

         Bill  Thomas was born on August 10, 1928 in Bryan,  Texas.  He received
his M.B.A.  with distinction from Harvard Business School and his B.S. degree in
chemical  engineering  from Texas A&M  University.  Thomas served as a U.S. Army
officer for more than five years and was awarded the Bronze  Star,  Purple Heart
and Korean  Service medal with five battle stars for heroic  actions  during the
Korean War.

         During  the 45 years  that  Thomas  served at  Capital  Southwest,  the
company's split-adjusted net asset value increased over 100-fold. In addition to
his natural  business  acumen,  Thomas placed a  significant  emphasis on fiscal
stewardship,  patience and integrity of its business managers, which contributed
greatly to the financial stability and growth of the company.

         "Much of  Capital  Southwest's  success  over the years has been due to
Bill's  strategic  vision  for the  company,"  Martin  added.  "He set the  gold
standard for the industry, and we plan to continue building on his legacy."

         Before joining Capital Southwest, Thomas held positions in the chemical
industry and in a consulting firm. He also served in the investment community as
chairman of the National  Association  of Small Business  Investment  Companies,
governor-at-large  of the National Association of Securities Dealers (NASD), and
chairman of the NASD's Corporate Advisory Board.

         Thomas  was  preceded  in death by his wife of 31  years,  Patricia  M.
Thomas,  and son,  Howard M.  Thomas.  He is  survived  by his  sister,  Anna B.
Killough, of Somerville,  Texas; daughter,  Suzanne B. Thomas, of Dallas, Texas;
son, William R. Thomas III, of Dallas, Texas;  daughter-in-law,  Christa Thomas;
and three grandchildren, Liam, Sarah and Alden Thomas, of Dallas, Texas.

About Capital Southwest Corporation - ----------------------------------- Capital Southwest is a Dallas-based investment company that provides patient equity capital to exceptional businesses. As a public company (Nasdaq: CSWC), Capital Southwest has the flexibility to hold investments indefinitely, which has provided its managers a stable ownership platform since its founding in 1961. For more information about Capital Southwest, visit the company's website at www.capitalsouthwest.com. Contact: Gary L. Martin or Tracy L. Morris 972-233-8242 ###