X0202 5 2006-12-31 0 0 0 0000832480 UTG INC UTGN.OB 0001064892 CORRELL JESSE T FIRST SOUTHERN BANCORP P. O. BOX 328 STANFORD KY 40484 1 1 1 0 Chairman & CEO Common Stock 2006-03-31 5 G 0 6710 0 D 335453 I See Footnote Common Stock 72750 I See Footnote Common Stock 2006-12-29 5 G 0 39 0 D 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 First Southern Funding, LLC, ("FSF") of which the reporting person is President and a manager. On March 31, 2006, the reporting person gifted a total of 2.0005% of his membership interest in FSF. By WCorrell, Limited Partnership of which the reporting person is a managing general partner. The reported securities are held by First Southern Bancorp, Inc., of which the reporting person is Chairman and President. On December 29, 2006, the reporting person gifted 19 shares of First Southern Bancorp, Inc. common stock. 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). By First Southern Holdings, LLC. The reporting person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. /s/ Jill Martin, Attorney in Fact 2007-02-14