GABELLI UTILITY TRUST — Director's Dealing 2003

Sep 30, 2003

SEC Form 4/A — Form 4/A

Issuer: GABELLI UTILITY TRUST (GUT)
CIK: 0001080720
Period of Report: 2003-09-25

Reporting Person: ALPERT BRUCE N (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-25	Common Stock	P	423	$7	Acquired	1690	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-25	Common Stock Purchase Rights	$7	X	1267	Disposed	2003-09-25	Common Stock (423)	Direct

Footnotes

F1: The reporting person acquired 1,267 common stock purchase rights as a result of a pro rata distribution of such rights on August 20, 2003.