GABELLI UTILITY TRUST — Director's Dealing 2004

Dec 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: SCHACHTER DAVID I (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-26	Gabelli Utility Trust	P	33	$7	Acquired	408	Direct

Footnotes

F1: Represents shares received in the oversubscription in connection with the Issuer's rights offering.