RLI CORP — Director's Dealing 2003

Aug 1, 2003

SEC Form 4/A — Form 4/A

Issuer: RLI CORP (RLI)
CIK: 0000084246
Period of Report: 2003-06-20

Reporting Person: VIETS ROBERT O (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-06-20	Common Stock	J	259.8279	$31.8962	Acquired	26460.1733	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1562	Direct
Common Stock	13400	Indirect
Common Stock	4037.1993	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$9.15	2006-05-02	Common Stock ()	7500	Direct
Stock Option	$13.95	2007-02-03	Common Stock ()	1500	Direct
Stock Option	$16.5938	2009-02-01	Common Stock ()	3000	Direct
Stock Option	$19.6	2008-02-02	Common Stock ()	1500	Direct
Stock Option	$22.7	2011-02-01	Common Stock ()	3600	Direct
Stock Option	$22.75	2012-02-01	Common Stock ()	1800	Direct
Stock Option	$27.51	2013-02-03	Common Stock ()	1800	Direct

Footnotes

F1: The securites herein were allocated to my account pursuant to the RLI Corp. Directors'Irrevocable Trust Agreement.

F2: This amended Form 4 is being filed to reflect Robert O. Viets' current holdings. Form 4 filed on June 23, 2003 only reflected the transaction being reported. All other holdings were not reflected due to a technical software problem.

F3: The Options are exercisable 1/3 annually commencing one year from grant date.