Company:  RAND CAPITAL CORP (RAND)
Form Type:  10-K
Filing Date:  3/26/2009 
CIK:  0000081955 
Address:  2200 RAND BUILDING 
City, State, Zip:  BUFFALO, New York 14203 
Telephone:  (716) 853-0802 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$3.75   		Change: 
0.15 (4.17%)  
Trade Time: 
Feb 09   		Market Cap: 
$25.57M
Description of Business
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  FORM 10-K
    PART I
      Item 1. Business
      Item 1A. Risk Factors
      Item 1B. Unresolved Staff Comments
      Item 2. Properties
      Item 3. Legal Proceedings
      Item 4. Submission of Matters to a Vote of Security Holders
    Part II
      Item 5. Market for Registrant's Common Equity, Related ...
      Item 6. Selected Financial Data
      Item 7. Management's Discussion and Analysis of Financial ...
        Results of Operations
        Liquidity and Capital Resources
      Item 7A. Quantitative and Qualitative Disclosures about ...
      Item 8. Financial Statements and Supplementary Data
        CASH FLOW
        NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
          Note 9. - Subsequent Events
        REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
      Item 9. Changes in and Disagreements with Accountants on ...
      Item 9A(T). Controls and Procedures
      Item 9B. Other Information
    Part III
      Item 10. Directors, Executive Officers, and Corporate ...
      Item 11. Executive Compensation
      Item 12. Security Ownership of Certain Beneficial Owners ...
      Item 13. Certain Relationships and Related Transactions and ...
      Item 14. Principal Accountant Fees and Services
    Part IV
      Item 15. Exhibits, Financial Statement Schedules
    Report of Independent Registered Public Accounting Firm
    SIGNATURES
  EXHIBIT 31.1
    CERTIFICATION
  EXHIBIT 31.2
    CERTIFICATION
  EXHIBIT 32.1
    CERTIFICATION
  EXHIBIT 32.2
    CERTIFICATION
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