X0202 4 2006-12-16 0 0000832480 UTG INC UTGN 0001064892 CORRELL JESSE T FIRST SOUTHERN BANCORP P. O. BOX 328 STANFORD KY 40484 1 1 1 0 Chairman & CEO Common Stock 2006-12-16 4 P 0 38194 A 72750 I See Footnote Common Stock 335453 I See Footnote Common Stock 255281 I See Footnote Common Stock 12120 I See Footnote Common Stock 1483791 I See Footnote Common Stock 112704 D The reported securities are held by WCorrell, Limited Partnership, of which the reporting person is the Managing General Partner and a limited partner. On December 16, 2006, the reporting person purchased a 52.5% limited partnership interest in WCorrell, Limited Partnership for an aggregate purchase price of $3,100,000.00. By First Southern Funding, LLC By First Southern Bancorp, Inc. By First Southern Capital Corp., LLC (indirect ownership is reported based on direct and indirect percentage ownership by the reporting person in First Southern Capital Corp., LLC. The amount of securities beneficially owned has changed from the reporting person's prior Form 4 as a result of a nonvolitional change in the reporting person's membership interest in First Southern Capital Corp., LLC). By First Southern Holdings, LLC. The reporting person disclaims beneficial ownership of the securities reported herein to the extent of his pecuniary interest therein. /s/ Jill Martin, Attorney in Fact 2006-12-19