Item 1.01 Entry into a Material Definitive Agreement.

Effective June 15, 2009, Kayne Anderson Energy Development Company (the "Company"), consented to the assignment of its Custody Agreement (the "Custody Agreement") from the Custodial Trust Company ("CTC"), an affiliate of JP Morgan Securities, Inc., to JPMorgan Chase Bank, N.A ("JPMorgan"). Pursuant to the Custody Agreement, JPMorgan will provide certain custody services for the Company.

Item 9.01. Financial Statements and Exhibits

(a) Financial statements:
None
(b) Pro forma financial information:
None
(c) Shell company transactions:
None
(d) Exhibits
10.1 Consent to Assignment of Custody Agreement, dated June 15, 2009.

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