|PCAOB
		PublicCompany
		Accounting
		Oversight
		Board                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |                  |  | 1666
		KStreet,N.WWashington,DC 20006Telephone:(202)207-9100Facsimile:(202)862-8430www.pcaobus.org
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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | February 15,2008 |  |                                                                                                   
|Barney
		A. Richmond
		Chairman
		American Capital
		Holdings1016
		Clemmons Street
		Suite
		302
		Jupiter,FL
		33477-3305
		
		Dear Mr.Richmond:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |                  |  |                                                                                                   
|Yourrecentletters
		to Chairman
		Mark W.Olson
		and Angela
		Desmond(dated
		December 17,
		2007,January1,
		2008,and
		January
		2,
		2008) concerning
		AmericanCapital
		Holdings("ACH")andWieseneck,Andres
		& Company,P.A.("Wieseneck"),have been
		forwarded
		to my attention.I
		writeto
		respond to one aspect of yourletters'.Iunderstand that Claudius
		Modesti,the PCAOB's
		Director
		of Enforcement and Investigations,will
		separatelyrespond
		to another
		aspect of your
		letters.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                  |  |                                                                                                   
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |                  |  |                                                                                                   
|You referto
		PCAOB Release
		No.
		104-2005-117("the
		Release"),which
		is the publicly
		available
		portion
		of a PCAOBinspectionreporton Wieseneck.Yousuggest
		that the
		Releaseis
		criticalofACH's
		accountingin
		two
		respects,and
		you
		requestconsiderationof your position
		before the
		PCAOBtakes
		a positionin the
		matter.
		Please
		notethat(1)the
		ReleaseindicatesthatPCAOB
		inspectorsreviewed
		audits
		of two
		of
		Wieseneck's
		ten issuer auditclients,neither
		of which
		the
		Release
		identifies;(2)
		the Release is not criticalof any audit
		clients'accounting,butinstead
		describes
		failures
		by Wieseneck,
		in two respects,to perform audit procedures
		necessary
		for
		Wiese
		neck to have a sufficientbasis for an audit
		opinion;and
		(3)the Release
		does not assertthat
		both ofthose
		auditing
		failureswere
		presentin
		eachof
		the auditsreviewed.In
		addition,the PCAOB
		issued
		the
		Wieseneckinspection
		report
		in
		Octoberof 2005,andthereisno
		ongoing
		process
		withrespect
		to
		its
		content. |                  |  |                                                                                                   
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|Should
		you
		have any
		questions
		concerning
		PCAOB
		processes,please
		feel free
		to call
		me at(202)207-9034.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |                  |  |                                                                                                   

S

J.
Gordon Seymour

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