Exhibit d.2

CERTIFICATE NUMBER	NUMBER OF SHARES
1	3,800

DUFF & PHELPS UTILITY AND CORPORATE BOND TRUST INC.

a Maryland corporation

Series T7 Auction Market Preferred Shares

$.01 Par Value Per Share

$25,000 Liquidation Preference Per Share

CUSIP NO. 26432K 20 7

This certifies Cede & Co. is the owner of 3,800 fully paid and non-assessable shares of Series T7 Auction Market Preferred Shares, par value $.01 per share, $25,000 liquidation preference per share, of Duff & Phelps Utility and Corporate Bond Trust Inc. (the “Fund”) transferable only on the books of the Fund by the holder thereof in person or by duly authorized attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned by the transfer agent and registrar.

IN WITNESS WHEREOF, the Fund has caused this Certificate to be signed by its duly authorized officers this                      day of                     , 2006.

THE BANK OF NEW YORK		DUFF & PHELPS UTILITY AND
As Transfer Agent and Registrar		CORPORATE BOND TRUST INC.
By:		By:
	Authorized Signature		Name:	Nathan I. Partain
			Title:	President

By:
	Name:	Alan M. Meder
	Title:	Treasurer

TRANSFER FORM

FOR VALUE RECEIVED,                                          hereby sells, assigns and transfers unto                                          the shares of Series T7 Auction Market Preferred Shares represented by this Certificate, and does hereby irrevocably constitute and appoint                                          attorney to transfer said shares on the books of the within named Fund with full power of substitution in the premises.

Dated: _____________________, _______

In presence of:

Shares of Series T7 Auction Market Preferred Shares evidenced by this Certificate may be sold, transferred or otherwise disposed of only pursuant to the provisions of the Fund’s Articles Supplementary Creating Series T7 and Series TH7 of Auction Market Preferred Shares, a copy of which may be obtained at the office of the State Department of Assessments and Taxation of Maryland.

The Fund will furnish information about the restrictions on transferability to any stockholder upon request and without charge. Any such request should be addressed to the Secretary of the Fund.

The Fund will furnish to any stockholder on request and without charge a full statement of the designations, and any preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends, qualifications, and terms and conditions of redemption of the stock of each class authorized to be issued, the differences in the relative rights and preferences between shares of any series of any authorized preferred or special class to the extent they have been set, and the authority of the Board of Directors to classify unissued shares and to set the relative rights and preference thereof and of any subsequent series of such preferred or special classes. Any such request should be addressed to the Secretary of the Fund.

Unless this certificate is presented by an authorized representative of The Depository Trust Company, a New York corporation (“DTC”), to the Fund or its agent for registration of transfer, exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest herein.