GATX CORP — Director's Dealing 2003

Nov 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GATX CORP (GMT)
CIK: 0000040211
Period of Report: 2003-11-03

Reporting Person: DENNY JAMES M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-03	Common Stock	A	785.22	$22.605	Acquired	14160.18	Direct

Footnotes

F1: Includes that portion of (a) the quarterly payment of the annual directors' fee (630.3915 shares) credited to an account established for each director under the GATX Directors' Phantom Stock Plan ("Phantom Stock Plan") and (b) the annual retainer and meeting fee (154.8330 shares) which the reporting person elected to invest in units of phantom stock under the Directors' Deferred Fee Plan ("Deferred Fee Plan"), which in each case will be settled in common stock upon the expiration of the director's service on the Board.

F2: Includes 141.2526 shares acquired pursuant to a dividend reinvestment feature of the GATX Phantom Stock Plan and 31.3017 shares a
cquired pursuant to a dividend reinvestment feature of the Deferred Fee Plan.