GABELLI UTILITY TRUST — Director's Dealing 2004

Dec 22, 2004

SEC Form 4/A — Form 4/A

Issuer: GABELLI UTILITY TRUST (GUT)
CIK: 0001080720
Period of Report: 2004-11-26

Reporting Person: CONN JAMES P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-26	Common Stock	P	1109	$7	Acquired	5543	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-26	Common Stock Purchase Rights	$7	X	4436	Disposed	2004-11-26	Common Stock (1109)	Direct

Footnotes

F1: The reporting person acquired 4,436 common stock purchase rights as a result of a pro rata distribution of such rights on October 20, 2004.