GATX CORP — Director's Dealing 2004

Feb 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GATX CORP (GMT)
CIK: 0000040211
Period of Report: 2004-02-02

Reporting Person: MURPHY MICHAEL E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-02	Common Stock	A	582.57	$24.4605	Acquired	12935.43	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3289.00	Indirect

Footnotes

F1: Includes that portion of the quarterly payment of the annual directors' fees (582.5719 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.

F2: Includes 114.1911 shares acquired pursuant to a dividend reinvestment feature of the Phantom Stock Plan and 31.5054 shares acquir
ed pursuant to a dividend reinvestment feature of the Deferred Fee Plan.