GABELLI UTILITY TRUST - Director's Dealing 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GABELLI UTILITY TRUST (GUT)
CIK: 0001080720
Period of Report: 2009-12-03

Reporting Person: BANK OF AMERICA CORP /DE/ (10% Owner)
Reporting Person: MERRILL LYNCH, PIERCE, FENNER & SMITH INC. (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-03	Common Stock	P	100	$8.47	Acquired	100	Indirect
2009-12-03	Common Stock	P	100	$8.46	Acquired	200	Indirect
2009-12-03	Common Stock	S	200	$8.48	Disposed	0	Indirect
2009-12-09	Common Stock	P	200	$8.89	Acquired	200	Indirect
2009-12-09	Common Stock	P	100	$8.90	Acquired	300	Indirect
2009-12-09	Common Stock	P	200	$8.93	Acquired	500	Indirect
2009-12-09	Common Stock	P	600	$8.94	Acquired	1100	Indirect
2009-12-09	Common Stock	P	1100	$8.95	Acquired	2200	Indirect
2009-12-09	Common Stock	S	1200	$8.94	Disposed	1000	Indirect
2009-12-09	Common Stock	S	100	$8.96	Disposed	900	Indirect
2009-12-09	Common Stock	S	900	$8.97	Disposed	0	Indirect
2010-04-15	Common Stock	P	35	$8.16	Acquired	35	Indirect
2010-04-15	Common Stock	S	35	$8.19	Disposed	0	Indirect
2010-04-21	Common Stock	P	888	$8.24	Acquired	888	Indirect
2010-04-30	Common Stock	S	888	$8.10	Disposed	0	Indirect
2010-08-20	Common Stock	P	1410	$7.75	Acquired	1410	Indirect
2010-08-20	Common Stock	S	1410	$7.85	Disposed	0	Indirect
2010-09-20	Common Stock	P	844	$6.13	Acquired	844	Indirect
2010-09-20	Common Stock	S	87	$6.12	Disposed	757	Indirect
2010-09-20	Common Stock	S	500	$6.13	Disposed	257	Indirect
2010-09-20	Common Stock	S	257	$6.14	Disposed	0	Indirect