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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WBwwILq+CQDRkbIR+LO9Ldmu2wLR48rFlYOP7hYclcHAFt32yAFgkkdfoY4HEWAf
 5Bk3tlRKXWl4Yw6Js+rjbA==

<SEC-DOCUMENT>0001181431-04-003153.txt : 20040120
<SEC-HEADER>0001181431-04-003153.hdr.sgml : 20040119
<ACCEPTANCE-DATETIME>20040120104647
ACCESSION NUMBER:		0001181431-04-003153
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031231
FILED AS OF DATE:		20040120

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WILSON HUEY J
		CENTRAL INDEX KEY:			0001055425

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22303
		FILM NUMBER:		04531418

	BUSINESS ADDRESS:	
		STREET 1:		3636 S SHERWOOD FOREST BLVD
		STREET 2:		STE 650
		CITY:			BATON ROUGE
		STATE:			LA
		ZIP:			70816

	MAIL ADDRESS:	
		STREET 1:		3636 S SHERWOOD FOREST BLVD
		STREET 2:		STE 650
		CITY:			BATON ROUGE
		STATE:			LA
		ZIP:			70816

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GULF ISLAND FABRICATION INC
		CENTRAL INDEX KEY:			0001031623
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED STRUCTURAL METAL PRODUCTS [3440]
		IRS NUMBER:				721147390
		STATE OF INCORPORATION:			LA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		GULF ISLAND FABRICATION INC
		STREET 2:		583 THOMPSON RD
		CITY:			HOUMA
		STATE:			LA
		ZIP:			70361
		BUSINESS PHONE:		5048722100

	MAIL ADDRESS:	
		STREET 1:		P O BOX 310
		CITY:			HOUMA
		STATE:			LA
		ZIP:			70361
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>rrd29487.xml
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>5</documentType><periodOfReport>2003-12-31</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0001031623</issuerCik>
        <issuerName>GULF ISLAND FABRICATION INC</issuerName>
        <issuerTradingSymbol>GIFI</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001055425</rptOwnerCik>
            <rptOwnerName>WILSON HUEY J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>POST OFFICE BOX 310</rptOwnerStreet1>
            <rptOwnerStreet2>583 THOMPSON ROAD</rptOwnerStreet2>
            <rptOwnerCity>HOUMA</rptOwnerCity>
            <rptOwnerState>LA</rptOwnerState>
            <rptOwnerZipCode>70361</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Common Stock</value></securityTitle><transactionDate><value>2003-12-30</value></transactionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>25000</value></transactionShares><transactionPricePerShare><value>0</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>2047000</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTabl
e><ownerSignature><signatureName>Robin A. Seibert</signatureName><signatureDate>2004-01-20</signatureDate></ownerSignature></ownershipDocument>



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