X0201 4 2003-10-03 0 0001080720 GABELLI UTILITY TRUST GUT 0001185533 GABELLI MARIO J C/O GABELLI ASSET MANAGEMENT INC ONE CORPORATE CENTER RYE NY 10580 0 1 0 1 Chairman and CIO Trustee Common Stock 2003-10-03 4 P 0 109363 7 A 283466.81 D Common Stock 56 I Nephew Common Stock 2003-10-03 4 P 0 70251 7 A 182099 I By: Gabelli Group Capital Partners, Inc Represents shares received in the oversubscription in connection with the Issuer's rights offering. Owned by custodial accounts, the custodian of which is the Reporting Person and the beneficiary of which is the nephew of the Reporting Person. Mr. Gabelli hereby disclaims beneficial ownership of these shares. Mr. Gabelli has less than a 100% interest in this entity. The securities reported reflect the total amount of securities beneficially owned by this entity, which is greater than Mr. Gabelli's indirect pecuniary interest. Mr. Gabelli hereby disclaims beneficial ownership of the shares held by this entity which are in excess of his indirect pecuniary interest. /s/ James E. McKee Attorney-in-Fact for MARIO J. GABELLI 2003-10-07