GATX CORP — Director's Dealing 2003

Aug 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GATX CORP (GMT)
CIK: 0000040211
Period of Report: 2003-08-01

Reporting Person: MURPHY MICHAEL E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-01	Common Stock	A	640.74	$22.24	Acquired	11394.03	Direct

Footnotes

F1: In addition to the shares owned directly, Mr. Murphy also indirectly holds 3,402 shares of GATX Corporation stock in a limited partnership, owned jointly by him and his wife. Ordinarily, these shares would have been reported as a seperate line item, but the software prevents us from doing so.

F2: Includes that portion of the quarterly payment of the annual directors' fees (640.7374 shares) credited to an account established for each director under the GATX Directors' Phantom Stock Plan ("Phantom Stock Plan") which in each case will be settled in common stock upon the expiration of the director's service on the Board.

F3: Includes 165.6887 shares acquired pursuant to a dividend reinvestment feature of the Phantom Stock Plan and 52.34 shares acquired
pursuant to a dividend reinvestment feature of the Deferred Fee Plan.