GABELLI UTILITY TRUST — Director's Dealing 2004

Apr 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI UTILITY TRUST (GUT)
CIK: 0001080720
Period of Report: 2003-10-03

Reporting Person: ALPERT BRUCE N (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-03	Common Stock	P	1051	$7	Acquired	2741	Direct

Footnotes

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