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U. S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 3
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Karpus, George W.
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(Last) (First) (Middle)
c/o meVC Draper Fisher Jurvetson Fund I, Inc., 3000 Sand Hill Road,
Building 1, Suite 155
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(Street)
Menlo Park CA 94025
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(City) (State) (Zip)
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2. Date of Event Requiring Statement (Month/Day/Year)
03/06/03
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3. I.R.S. Identification Number of Reporting Person, if an entity
(Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
MEVC DRAPER FISHER JURVETSON FUND I, INC. (MVC)
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5. Relationship of Reporting Person to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|_| Officer (give title Below) |_| Other (Specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check applicable line)
|X| Form filed by One Reporting Person
|_| Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Beneficially Owned
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3. Ownership Form:
2. Amount of Securities Direct (D) or
1. Title of Security Beneficially Owned Indirect (I) 4. Nature of Indirect Beneficial Ownership
(Instr. 4) (Instr. 4) (Instr. 5) (Instr. 5)
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Common Stock, $.01 par value
("Common Stock") 6,000 D
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Common Stock 652,981 I (FN1)
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FORM 3 (continued)
Table II -- Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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5. Owner-
3. Title and Amount of Securities ship
Underlying Derivative Security Form of
2. Date Exercisable (Instr. 4) Derivative
and Expiration Date --------------------------------- 4. Conver- Security:
(Month/Day/Year) Amount sion or Direct 6. Nature of
---------------------- or Exercise (D) or Indirect
Date Expira- Number Price of Indirect Beneficial
1. Title of Derivative Exer- tion of Derivative (I) Ownership
Security (Instr. 4) cisable Date Title Shares Security (Instr. 5) (Instr. 5)
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation of Responses:
(FN1) Represented by (a) 3,400 shares of Common Stock ("Shares") held by The
Karpus Investment Management profit sharing fund ("KIM") and (b) 649,581 Shares
held by clients of KIM. The Reporting Person, as a co-trustee of KIM, may be
deemed to beneficially own these Shares.
/s/ George W. Karpus March 17, 2003
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**Signature of Reporting Person Date
* If the Form is filed by more than one Reporting Person, see instruction
5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, See Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB control number.