SCHEDULE 14A INFORMATION

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
                                (Amendment No. )
Filed by Registrant [ X ]
Filed by a Party other than the Registrant [    ]
Check the appropriate box:
[   ]  Preliminary Proxy Statement
[   ]  Confidential, for Use of the Commission Only (as permitted by Rule
       14a-6(e)(2))
[ X ]  Definitive Proxy Statement
[   ]  Definitive Additional Materials
[   ]  Soliciting Material Pursuant to Sec. 240.14a-12

                            THE GABELLI UTILITY TRUST
                (Name of Registrant as Specified In Its Charter)

    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[ X ]  No fee required

[   ]  Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
       1) Title of each class of securities to which transaction applies:


       2)  Aggregate number of securities to which transaction applies:


       3)  Per unit price or other underlying value of transaction computed
           pursuant to Exchange Act Rule 0-11(set forth the amount on which the
           filing fee is calculated and state how it was determined):


       4)  Proposed maximum aggregate value of transaction:


       5)  Total fee paid:


[ ]    Fee paid previously with preliminary materials.

[ ]    Check box if any part of the fee is offset as provided by Exchange Act
       Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
       paid previously. Identify the previous filing by registration statement
       number, or the Form or Schedule and the date of its filing.

       1) Amount Previously Paid:


       2) Form, Schedule or Registration Statement No.:


       3) Filing Party:


       4) Date Filed:




                            THE GABELLI UTILITY TRUST

                              One Corporate Center
                            Rye, New York 10580-1422
                                 (914) 921-5070
                               ------------------

                    NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
                           TO BE HELD ON MAY 14, 2007

                               ------------------

To the Shareholders of
THE GABELLI UTILITY TRUST

      Notice is hereby  given  that the  Annual  Meeting  of  Shareholders  (the
"Meeting")  of The Gabelli  Utility  Trust (the "Fund") will be held at The Cole
Auditorium,   The  Greenwich  Library,   101  West  Putnam  Avenue,   Greenwich,
Connecticut  06830,  on Monday,  May 14, 2007, at 11:00 a.m.,  for the following
purposes:

      1.    To elect  three (3)  Trustees  of the  Fund,  to be  elected  by the
            holders of the Fund's Common Shares and holders of its 5.625% Series
            A Cumulative  Preferred Shares and Series B Auction Market Preferred
            Shares  (together,  the "Preferred  Shares"),  voting  together as a
            single class (PROPOSAL 1); and

      2.    To   consider   and  vote  upon  such   other   matters,   including
            adjournments,  as may  properly  come  before  said  Meeting  or any
            adjournments thereof.

      These  items  are  discussed  in  greater  detail  in the  attached  Proxy
Statement.

      The close of  business on March 12, 2007 has been fixed as the record date
for the  determination of shareholders  entitled to notice of and to vote at the
Meeting and any adjournments thereof.

      YOUR VOTE IS  IMPORTANT  REGARDLESS  OF THE SIZE OF YOUR  HOLDINGS  IN THE
FUND.  WHETHER  OR NOT YOU PLAN TO ATTEND  THE  MEETING,  WE ASK THAT YOU PLEASE
COMPLETE,  SIGN,  AND DATE THE ENCLOSED PROXY CARD AND RETURN IT PROMPTLY IN THE
ENCLOSED  ENVELOPE,  WHICH  NEEDS NO  POSTAGE  IF MAILED IN THE  UNITED  STATES.
INSTRUCTIONS  FOR THE PROPER  EXECUTION  OF PROXIES  ARE SET FORTH ON THE INSIDE
COVER.

                                              By Order of the Board of Trustees,


                                              JAMES E. MCKEE
                                              SECRETARY

April 2, 2007



                      INSTRUCTIONS FOR SIGNING PROXY CARDS

      The  following  general rules for signing proxy cards may be of assistance
to you and avoid the time and expense to the Fund  involved in  validating  your
vote if you fail to sign your proxy card properly.

      1.    INDIVIDUAL  ACCOUNTS:  Sign your name  exactly  as it appears in the
            registration on the proxy card.

      2.    JOINT  ACCOUNTS:  Either  party may sign,  but the name of the party
            signing   should   conform   exactly   to  the  name  shown  in  the
            registration.

      3.    ALL OTHER  ACCOUNTS:  The  capacity of the  individuals  signing the
            proxy card should be indicated unless it is reflected in the form of
            registration. For example:

            REGISTRATION                                 VALID SIGNATURE
            ------------                                 ---------------

            CORPORATE ACCOUNTS

            (1)  ABC Corp.                               ABC Corp.
            (2)  ABC Corp.                               John Doe, Treasurer
            (3)  ABC Corp.
                 c/o John Doe, Treasurer                 John Doe
            (4)  ABC Corp., Profit Sharing Plan          John Doe, Trustee

            TRUST ACCOUNTS

            (1)  ABC Trust                               Jane B. Doe, Trustee
            (2)  Jane B. Doe, Trustee
                 u/t/d 12/28/78                          Jane B. Doe

            CUSTODIAN OR ESTATE ACCOUNTS

            (1)  John B. Smith, Cust.
                 f/b/o John B. Smith, Jr. UGMA           John B. Smith
            (2)  John B. Smith, Executor
                 Estate of Jane Smith                    John B. Smith, Executor

                            TELEPHONE/INTERNET VOTING

      Various  brokerage firms may offer the convenience of providing you voting
instructions  via  telephone or the Internet for shares held through such firms.
If  available,  instructions  are included  with this Proxy  Statement and proxy
card.




                            THE GABELLI UTILITY TRUST

                                   ----------

                         ANNUAL MEETING OF SHAREHOLDERS

                                  MAY 14, 2007

                                   ----------

                                 PROXY STATEMENT

      This Proxy Statement is furnished in connection  with the  solicitation of
proxies by the Board of Trustees of The Gabelli  Utility  Trust (the "Fund") for
use at the Annual Meeting of Shareholders of the Fund to be held on Monday,  May
14, 2007, at 11:00 a.m., at The Cole Auditorium, The Greenwich Library, 101 West
Putnam Avenue,  Greenwich,  Connecticut  06830, and at any adjournments  thereof
(the  "Meeting").  A Notice of Annual  Meeting  of  Shareholders  and proxy card
accompany  this  Proxy  Statement,  all of  which  are  first  being  mailed  to
shareholders on or about April 2, 2007.

      In addition to the  solicitation of proxies by mail,  officers of the Fund
and  officers  and  regular  employees  of  Computershare  Trust  Company,  N.A.
("Computershare"), the Fund's transfer agent, and affiliates of Computershare or
other  representatives  of the  Fund  also may  solicit  proxies  by  telephone,
telegraph, Internet, or in person. In addition, the Fund has retained The Altman
Group, Inc. to assist in the solicitation of proxies for a minimum fee of $2,500
plus  reimbursement  of  expenses.  The  Fund  will pay the  costs of the  proxy
solicitation  and the expenses  incurred in connection  with preparing the Proxy
Statement and its enclosures.  The Fund will also reimburse  brokerage firms and
others for their expenses in forwarding solicitation materials to the beneficial
owners of its shares.

      THE  FUND'S  MOST  RECENT  ANNUAL  REPORT,   INCLUDING  AUDITED  FINANCIAL
STATEMENTS  FOR THE FISCAL YEAR ENDED  DECEMBER  31,  2006,  IS  AVAILABLE  UPON
REQUEST,  WITHOUT CHARGE, BY WRITING TO THE FUND AT ONE CORPORATE  CENTER,  RYE,
NEW YORK 10580-1422, BY CALLING THE FUND AT 800-422-3554, OR VIA THE INTERNET AT
WWW.GABELLI.COM.

      If the  enclosed  proxy is properly  executed  and  returned in time to be
voted at the Meeting,  the Shares (as defined below) represented thereby will be
voted "FOR" the election of the nominees as Trustees listed in the  accompanying
Notice of Annual Meeting of  Shareholders,  unless  instructions to the contrary
are  marked  thereon,  and at the  discretion  of the  proxy  holders  as to the
transaction of any other business that may properly come before the Meeting. Any
shareholder  who has given a proxy has the right to revoke it at any time  prior
to its exercise  either by attending the Meeting and voting his or her shares in
person or by submitting a letter of  revocation  or a  later-dated  proxy to the
Fund at the above address prior to the date of the Meeting.

      A quorum of  shareholders  is  constituted by the presence in person or by
proxy  of the  holders  of a  majority  of the  outstanding  shares  of the Fund
entitled  to vote at the  Meeting.  In the event a quorum is not  present at the
Meeting,  or in the event that a quorum is present at the Meeting but sufficient
votes to approve any of the proposed  items are not received,  the persons named
as  proxies  may  propose  one or more  adjournments  of such  Meeting to permit
further  solicitation of proxies. A shareholder vote may be taken on one or more
of the proposals in this Proxy Statement prior to such adjournment if sufficient
votes have been received for approval and it is otherwise appropriate.  Any such
adjournment  will  require the  affirmative  vote of a majority of those  shares
present  at the  Meeting  in  person or by proxy.  If a quorum is  present,  the
persons named as proxies will vote those proxies which they are entitled to vote
"FOR" any  proposal  in favor of such  adjournment  and will vote those  proxies
required to be voted "AGAINST" any proposal against any such adjournment. Absent
the  establishment  of a subsequent  record date and the giving of notice to the
holders of record thereon,  the adjourned  Meeting must take place not more than
120 days after the record date. At such adjourned  Meeting,  any business may be
transacted which might have been transacted at the original Meeting. If a quorum
is  present,  a  shareholder  vote may be taken on one or more of the  proposals
properly brought before the Meeting prior to any adjournment if sufficient votes
have been received and it is otherwise appropriate.


                                        1



      The close of  business on March 12, 2007 has been fixed as the record date
for the  determination of shareholders  entitled to notice of and to vote at the
Meeting and all adjournments thereof.

      The Fund has two classes of capital stock: common shares, par value $0.001
per share (the "Common  Shares") and preferred  shares  consisting of (i) 5.625%
Series A Cumulative  Preferred  Shares  ("Series A Preferred") and (ii) Series B
Auction Market Preferred Shares ("Series B Preferred"),  each having a par value
of $0.001 per share  (together,  the  "Preferred  Shares" and together  with the
Common  Shares,  the  "Shares").  The holders of the Common Shares and Preferred
Shares are each entitled to one vote for each full share held and an appropriate
fraction of a vote for each  fractional  share held.  On the record date,  there
were 29,731,495 Common Shares,  1,184,200 Series A Preferred  Shares,  and 1,000
Series B Preferred Shares outstanding.

      As of the  record  date,  there  were no  persons  known to the Fund to be
beneficial  owners of more than 5% of the Fund's  outstanding  Common  Shares or
Preferred Shares.

                   SUMMARY OF VOTING RIGHTS ON PROXY PROPOSALS



PROPOSAL                 COMMON SHAREHOLDERS                  PREFERRED SHAREHOLDERS
--------                 -------------------                  ----------------------
                                                        
1.  Election of          Common and Preferred Shareholders,   Common and Preferred Shareholders,
    Trustees             voting together as a single class,   voting together as a single class,
                         vote to elect three Trustees:        vote to elect three Trustees:
                         Mario J. Gabelli, CFA,               Mario J. Gabelli, CFA,
                         Thomas E. Bratter, and               Thomas E. Bratter, and
                         Vincent D. Enright                   Vincent D. Enright

2.  Other Business       Common and Preferred Shareholders, voting together as a single class.


In order that your Shares may be represented  at the Meeting,  you are requested
to vote on the following matters:


                                        2



              PROPOSAL 1: TO ELECT THREE (3) TRUSTEES OF THE FUND

NOMINEES FOR THE BOARD OF TRUSTEES

      The Board of Trustees is divided into three  classes,  each class having a
term of three  years.  Each year the term of office  of one class  will  expire.
Mario J.  Gabelli,  Thomas E.  Bratter,  and Vincent D.  Enright  have each been
nominated by the Board of Trustees for a three-year term to expire at the Fund's
2010 Annual Meeting of Shareholders  or until their  successors are duly elected
and  qualified.  Each of the  Trustees  of the Fund has served in that  capacity
since the March 29, 1999 organizational meeting of the Fund. All of the Trustees
of the Fund are also  directors or trustees of other  investment  companies  for
which Gabelli Funds,  LLC (the "Adviser") or its affiliates  serve as investment
adviser. The classes of Trustees are indicated below:

NOMINEES TO SERVE UNTIL 2010 ANNUAL MEETING OF SHAREHOLDERS

Mario J. Gabelli, CFA
Thomas E. Bratter
Vincent D. Enright

TRUSTEES SERVING UNTIL 2009 ANNUAL MEETING OF SHAREHOLDERS

James P. Conn
John D. Gabelli
Anthony R. Pustorino

TRUSTEES SERVING UNTIL 2008 ANNUAL MEETING OF SHAREHOLDERS

Anthony J. Colavita
Frank J. Fahrenkopf, Jr.
Robert J. Morrissey
Salvatore J. Zizza

      Under the Fund's Declaration of Trust, Statements of Preferences,  and the
Investment  Company Act of 1940,  as amended  (the "1940  Act"),  holders of the
Fund's outstanding Preferred Shares, voting as a separate class, are entitled to
elect two  Trustees,  and holders of the Fund's  outstanding  Common  Shares and
Preferred  Shares,  voting together as a single class, are entitled to elect the
remaining  Trustees,  subject to the  provisions  of the 1940 Act and the Fund's
Declaration of Trust, Statements of Preferences, and By-Laws. The holders of the
Fund's  outstanding  Preferred  Shares  would be  entitled  to elect the minimum
number of additional Trustees that would represent a majority of the Trustees in
the event that dividends on the Fund's  Preferred  Shares are in arrears for two
full years. No dividend arrearages exist as of the date of this Proxy Statement.
Messrs.  Colavita  and Conn are  currently  the Trustees  elected  solely by the
holders of the Fund's Preferred Shares.

      Unless authority is withheld,  it is the intention of the persons named in
the proxy to vote the proxy "FOR" the election of the nominees named above. Each
nominee has indicated  that he has consented to serve as a Trustee if elected at
the Meeting.  If a designated nominee declines or otherwise becomes  unavailable
for  election,  however,  the proxy confers  discretionary  power on the persons
named therein to vote in favor of a substitute nominee or nominees.


                                        3




INFORMATION ABOUT TRUSTEES AND OFFICERS

      Set forth in the table below are the  existing  Trustees  and Nominees for
election  to  the  Board  of the  Fund  and  officers  of  the  Fund,  including
information  relating to their respective  positions held with the Fund, a brief
statement of their principal  occupations  during the past five years, and other
directorships (excluding other funds managed by the Adviser), if any.



                                      TERM OF                                                                            NUMBER OF
                                     OFFICE AND                                                                        PORTFOLIOS IN
NAME, POSITION(S)                    LENGTH OF                                                                          FUND COMPLEX
   ADDRESS 1                           TIME                PRINCIPAL OCCUPATION(S)             OTHER DIRECTORSHIPS        OVERSEEN
    AND AGE                          SERVED 2              DURING PAST FIVE YEARS                HELD BY TRUSTEE         BY TRUSTEE
    -------                          ---------             ----------------------                ---------------         ----------
INTERESTED TRUSTEES/NOMINEES 3 :
                                                                                                                 
MARIO J. GABELLI                    Since 1999*    Chairman and Chief Executive Officer     Director of Morgan Group         24
Trustee and                                        of GAMCO Investors, Inc.;                Holdings, Inc. (holding
Chief Investment Officer                           Chief Investment Officer - Value         company); Chairman of
Age: 64                                            Portfolios of Gabelli Funds, LLC and     the Board of Lynch
                                                   GAMCO Asset Management Inc.;             Interactive Corporation
                                                   Chief Executive Officer of GGCP, Inc.    (multimedia and
                                                                                            communication services)

JOHN D. GABELLI                    Since 1999**    Senior Vice President of Gabelli &       Director of GAMCO                10
Trustee                                            Company, Inc.                            Investors, Inc.
Age: 62                                                                                     (asset management)

INDEPENDENT TRUSTEES/NOMINEES:

THOMAS E. BRATTER                   Since 1999*    Director, President and Founder of              --                         3
Trustee                                            The John Dewey Academy
Age: 67                                            (residential college preparatory
                                                   therapeutic high school)

ANTHONY J. COLAVITA 4              Since 1999***   Partner in the law firm of Anthony J.           --                        34
Trustee                                            Colavita, P.C.
Age: 71

JAMES P. CONN 4                    Since 1999**    Former Managing Director and             Director of First                15
Trustee                                            Chief Investment Officer of              Republic Bank
Age: 69                                            Financial Security Assurance             (banking)
                                                   Holdings Ltd. (insurance holding
                                                   company) (1992-1998)

VINCENT D. ENRIGHT                  Since 1999*    Former Senior Vice President and Chief          --                        13
Trustee                                            Financial Officer of KeySpan Energy
Age: 63                                            Corp. (utility holding company)
                                                   (1994-1998)

FRANK J. FAHRENKOPF, JR.           Since 1999***   President and Chief Executive            Director of First                 5
Trustee                                            Officer of the American Gaming           Republic Bank
Age: 67                                            Association; Co-Chairman of the          (banking)
                                                   Commission on Presidential Debates;
                                                   Chairman of the Republican
                                                   National Committee (1983-1989)

ROBERT J. MORRISSEY                Since 1999***   Partner in the law firm of Morrissey,           --                         6
Trustee                                            Hawkins & Lynch
Age: 67

ANTHONY R. PUSTORINO               Since 1999**    Certified Public Accountant; Professor   Director of                      14
Trustee                                            Emeritus, Pace University                The LGL Group, Inc.
Age: 81                                                                                     (diversified
                                                                                            manufacturing)

SALVATORE J. ZIZZA                 Since 1999***   Chairman Zizza & Co., Ltd. (consulting)  Director of Hollis-Eden          25
Trustee                                                                                     Pharmaceuticals
Age: 61                                                                                     (biotechnology) and
                                                                                            Earl Scheib, Inc.
                                                                                            (automotive services)



                                        4





                                              TERM OF
                                             OFFICE AND
NAME, POSITION(S)                            LENGTH OF
   ADDRESS 1                                    TIME                  PRINCIPAL OCCUPATION(S)
    AND AGE                                    SERVED                 DURING PAST FIVE YEARS
    -------                                    ------                 ----------------------
OFFICERS:
                                                            
BRUCE N. ALPERT                              Since 2003           Executive Vice President and Chief Operating
President                                                         Officer of Gabelli Funds, LLC since 1988;
Age: 55                                                           Director and President of Gabelli Advisers, Inc.
                                                                  since 1998; Officer of all registered investment
                                                                  companies in the Gabelli Funds complex.

PETER D. GOLDSTEIN                           Since 2004           Director of Regulatory Affairs for GAMCO Investors,
Chief Compliance Officer                                          Inc. since 2004; Chief Compliance Officer
Age: 53                                                           of all registered investment companies
                                                                  in the Gabelli Funds complex; Vice President of
                                                                  Goldman Sachs Asset Management from
                                                                  2000-2004.

JAMES E. MCKEE                                Since 1999          Vice President, General Counsel and Secretary
Secretary                                                         of GAMCO Investors, Inc. since 1999 and GAMCO
Age: 43                                                           Asset Management Inc. since 1993; Secretary
                                                                  of all registered investment companies advised by
                                                                  Gabelli Advisers, Inc. and Gabelli Funds, LLC.

AGNES MULLADY                                 Since 2006          Officer of all registered investment companies
Treasurer                                                         in the Gabelli Funds complex; Vice President of
Age: 48                                                           Gabelli Funds. LLC since 2007; Senior Vice President of
                                                                  U.S. Trust Company, N.A. and Treasurer and Chief
                                                                  Financial Officer of Excelsior Funds from 2004-2005;
                                                                  Chief Financial Officer of AMIC Distribution Partners from
                                                                  2002-2004; Controller of Reserve Management, Inc.
                                                                  and Reserve Partners, Inc. and Treasurer of Reserve Funds
                                                                  from 2000-2002.

DAVID I. SCHACHTER                            Since 1999          Vice President of the Fund since 1999; Vice President
Vice President                                                    of The Gabelli Global Utility & Income Trust since
Age: 53                                                           2004 and The Gabelli Global Deal Fund since 2006;
                                                                  Vice President of Gabelli & Company, Inc. since 1999.


-------------
1     Address: One Corporate Center, Rye, New York 10580-1422,  unless otherwise
      noted.

2     The Fund's  Board of Trustees is divided  into three  classes,  each class
      having a term of three  years.  Each  year the term of office of one class
      expires and the successor or successors  elected to such class serve for a
      three-year term.

3     "Interested person" of the Fund, as defined in the 1940 Act. Messrs. Mario
      Gabelli and John Gabelli are each considered an "interested person" of the
      Fund,  because of their  affiliation with Gabelli Funds, LLC, which is the
      Fund's  investment  adviser,  and Gabelli & Company,  Inc., which executes
      portfolio  transac-  tions for the Fund (and in the case of Mario Gabelli,
      as a  controlling  shareholder  because of the level of his  ownership  of
      common  shares of the Fund).  Messrs.  Mario  Gabelli and John Gabelli are
      brothers.

4     As a Trustee, elected solely by holders of the Fund's Preferred Shares.

*     Nominee to serve,  if elected,  until the Fund's  2010  Annual  Meeting of
      Shareholders or until his successor is duly elected and qualified.

**    Term  continues  until the Fund's 2009 Annual Meeting of  Shareholders  or
      until his successor is duly elected and qualified.

***   Term  continues  until the Fund's 2008 Annual Meeting of  Shareholders  or
      until his successor is duly elected and qualified.


                                        5




BENEFICIAL  OWNERSHIP  OF SHARES HELD IN THE FUND AND THE FUND  COMPLEX FOR EACH
TRUSTEE AND NOMINEE FOR ELECTION AS TRUSTEE

      Set forth in the table below is the dollar range of equity  securities  in
the Fund beneficially  owned by each Trustee and Nominee for election as Trustee
and the  aggregate  dollar  range  of  equity  securities  in the  Fund  complex
beneficially owned by each Trustee and Nominee for election as Trustee.



    NAME OF TRUSTEE/NOMINEE            DOLLAR RANGE OF EQUITY      AGGREGATE DOLLAR RANGE OF EQUITY
                                          SECURITIES HELD                  SECURITIES HELD
                                          IN THE FUND*(1)               IN FUND COMPLEX*(1)(2)
INTERESTED TRUSTEES/NOMINEES:
                                                                            
Mario J. Gabelli                                 E                                E

John D. Gabelli                                  A                                E

INDEPENDENT TRUSTEES/NOMINEES:

Thomas E. Bratter                                A                                E

Anthony J. Colavita**                            D                                E

James P. Conn                                    D                                E

Vincent D. Enright                               A                                E

Frank J. Fahrenkopf, Jr.                         A                                B

Robert J. Morrissey                              A                                E

Anthony R. Pustorino**                           C                                E

Salvatore J. Zizza                               E                                E


-------------
*     Key to Dollar Ranges
      A.  None
      B.  $1 - $10,000
      C.  $10,001 - $50,000
      D.  $50,001 - $100,000
      E.  Over $100,000
      All shares were valued as of December 31, 2006.
**    Messrs.  Colavita and Pustorino each  beneficially own less than 1% of the
      common stock of The LGL Group, Inc., having a value of $9,338 and $14,028,
      respectively,  as of December 31, 2006. The LGL Group,  Inc. may be deemed
      to be  controlled by Mario J. Gabelli and in that event would be deemed to
      be under common control with the Fund's Adviser.
(1)   This  information  has been  furnished  by each  Trustee  and  Nominee for
      election as Trustee as of December 31,  2006.  "Beneficial  Ownership"  is
      determined  in  accordance  with  Section  16a-1(a)(2)  of the  Securities
      Exchange Act of 1934, as amended (the "1934 Act").
(2)   The "Fund Complex"  includes all the funds that are considered part of the
      same fund  complex  as the Fund  because  they have  common or  affiliated
      investment advisers.


                                        6


      Set forth in the table below is the amount of shares beneficially owned by
each Trustee of the Fund.



                                         AMOUNT AND NATURE OF        PERCENT OF SHARES
NAME OF TRUSTEE/NOMINEE                BENEFICIAL OWNERSHIP (1)       OUTSTANDING (2)
-----------------------                ------------------------       ---------------

INTERESTED TRUSTEES:
                                                                      
     Mario J. Gabelli                        591,110 (3)                    2.0%
     John D. Gabelli                              0                           *

INDEPENDENT TRUSTEES/NOMINEES:

     Thomas E. Bratter                            0                           *

     Anthony J. Colavita                      6,889 (4)                       *

                                     400 Series A Preferred (5)               *
     James P. Conn                              5,543                         *
                                      1,000 Series A Preferred                *
     Vincent D. Enright                           0                           *
     Frank J. Fahrenkopf, Jr.                     0                           *
     Robert J. Morrissey                          0                           *
     Anthony R. Pustorino                     2,183 (6)                       *
                                      1,000 Series A Preferred                *
     Salvatore J. Zizza                      17,420 (7)                       *


-------------
(1)   This  information  has been  furnished  by each  Trustee  and  Nominee for
      election as Trustee as of December 31,  2006.  "Beneficial  Ownership"  is
      determined  in  accordance  with  Section  16a-1(a)(2)  of the  1934  Act.
      Reflects ownership of common shares unless oth- erwise noted.

(2)   An asterisk  indicates that the ownership amount  constitutes less than 1%
      of the total shares outstanding.

(3)   Includes 354,309 common shares owned directly by Mr. Gabelli, 9,177 common
      shares  owned by a family  partnership  for  which Mr.  Gabelli  serves as
      general partner, and 227,624 common shares owned by GAMCO Investors,  Inc.
      or its  affiliates.  Mr. Gabelli dis- claims  beneficial  ownership of the
      shares held by the discretionary accounts and by the entities named except
      to the extent of his interest in such entities.

(4)   Comprised of 6,889 common shares owned by Mr.  Colavita's spouse for which
      he disclaims beneficial ownership.

(5)   Comprised of 400 preferred shares owned by Mr. Colavita's spouse for which
      he disclaims beneficial ownership.

(6)   Includes 616 common  shares owned by Mr.  Pustorino's  spouse for which he
      disclaims beneficial ownership.

(7)   Includes  13,065  common  shares  owned by Mr.  Zizza's  sons for which he
      disclaims beneficial ownership.

      The Fund pays each Trustee who is not  affiliated  with the Adviser or its
affiliates a fee of $6,000 per year plus $500 per meeting attended in person and
by telephone,  including Committee meetings,  together with the Trustee's actual
out-of-pocket expenses relating to his attendance at such meetings. In addition,
the Audit Committee Chairman receives an annual fee of $3,000 and the Nominating
Committee Chairman receives an annual fee of $2,000. The aggregate  remuneration
(not including  out-of-pocket  expenses) paid by the Fund to the Trustees during
the year ended  December  31, 2006  amounted to $71,500.  During the fiscal year
ended December 31, 2006,  the Trustees of the Fund met four times.  Each Trustee
then serving in such capacity  attended at least 75% of the meetings of Trustees
and of any Committee of which he is a member.

AUDIT COMMITTEE REPORT

      The role of the Fund's  Audit  Committee  (the  "Audit  Committee")  is to
assist the Board of Trustees in its  oversight of (i) the quality and  integrity
of Fund's financial  statement  reporting  process and the independent audit and
reviews thereof; (ii) the Fund's accounting and financial reporting policies and
practices, its internal controls, and, as appropriate,  the internal controls of
certain of its service  providers;  (iii) the Fund's  compliance  with legal and
regulatory  requirements;  and (iv) the independent registered public accounting
firm's qualifications,  independence,  and performance. The Audit Committee also
is required to prepare an audit  committee  report  pursuant to the rules of the
Securities  and  Exchange  Commission  (the "SEC") for  inclusion  in the Fund's
annual  proxy  statement.  The Audit  Committee  operates  pursuant to the Audit
Committee  Charter (the "Charter") that was most recently  reviewed and approved
by the Board of Trustees on February 22, 2007.

      Pursuant to the Charter, the Audit Committee is responsible for conferring
with the Fund's independent  registered public accounting firm, reviewing annual
financial  statements,   approving  the  selection  of  the  Fund's  independent
registered public accounting firm, and overseeing the Fund's internal  controls.
The Charter also contains  provisions  relating to the pre-approval by the Audit
Committee of certain non-audit services to be provided by


                                        7



PricewaterhouseCoopers  LLP  ("PricewaterhouseCoopers")  to the  Fund and to the
Adviser  and certain of its  affiliates.  The Audit  Committee  advises the full
Board with respect to accounting,  auditing, and financial matters affecting the
Fund. As set forth in the Charter,  management is  responsible  for  maintaining
appropriate  systems  for  accounting  and  internal  control,  and  the  Fund's
independent  registered  public  accounting firm is responsible for planning and
carrying  out proper  audits and  reviews.  The  independent  registered  public
accounting  firm is ultimately  accountable  to the Board of Trustees and to the
Audit Committee, as representatives of shareholders.  The independent registered
public accounting firm for the Fund reports directly to the Audit Committee.

      In performing  its oversight  function,  at a meeting held on February 20,
2007, the Audit Committee reviewed and discussed with management of the Fund and
PricewaterhouseCoopers  the audited  financial  statements of the Fund as of and
for the fiscal year ended  December 31, 2006,  and  discussed  the audit of such
financial statements with the independent registered public accounting firm.

      In addition, the Audit Committee discussed with the independent registered
public  accounting firm the accounting  principles  applied by the Fund and such
other matters brought to the attention of the Audit Committee by the independent
registered public accounting firm as required by Statement of Auditing Standards
No.  61,  COMMUNICATIONS  WITH  AUDIT  COMMITTEES,   as  currently  modified  or
supplemented.  The Audit Committee also received from the independent registered
public  accounting firm the written  disclosures and statements  required by the
SEC's  independence  rules,  delineating  relationships  between the independent
registered  public  accounting  firm and the Fund, and discussed the impact that
any such  relationships  might have on the objectivity  and  independence of the
independent registered public accounting firm.

      As set forth above, and as more fully set forth in the Charter,  the Audit
Committee has  significant  duties and powers in its oversight role with respect
to the Fund's financial reporting procedures,  internal control systems, and the
independent audit process.

     The members of the Audit Committee are not, and do not represent themselves
to be, professionally  engaged in the practice of auditing or accounting and are
not  employed  by the Fund for  accounting,  financial  management,  or internal
control  purposes.  Moreover,  the  Audit  Committee  relies  on  and  makes  no
independent verification of the facts presented to it or representations made by
management  or  the  Fund's  independent   registered  public  accounting  firm.
Accordingly,  the Audit  Committee's  oversight  does not provide an independent
basis to determine that management has maintained  appropriate accounting and/or
financial   reporting   principles  and  policies,   or  internal  controls  and
procedures,   designed  to  assure  compliance  with  accounting  standards  and
applicable   laws  and   regulations.   Furthermore,   the   Audit   Committee's
considerations  and discussions  referred to above do not provide assurance that
the audit of the Fund's financial  statements has been carried out in accordance
with the  standards of the Public  Company  Accounting  Oversight  Board (United
States) or that the  financial  statements  are  presented  in  accordance  with
generally accepted accounting principles (United States).

      Based on its  consideration  of the audited  financial  statements and the
discussions  referred  to  above  with  management  and the  Fund's  independent
registered  public  accounting  firm,  and  subject  to the  limitations  on the
responsibilities  and role of the Audit  Committee  set forth in the Charter and
those discussed  above,  the Audit Committee  recommended to the Fund's Board of
Trustees that the Fund's audited financial  statements be included in the Fund's
Annual Report for the fiscal year ended December 31, 2006.

      SUBMITTED BY THE AUDIT COMMITTEE OF THE FUND'S BOARD OF TRUSTEES

      Anthony R. Pustorino, Chairman
      Anthony J. Colavita
      Vincent D. Enright

      February 22, 2007


                                        8



      The Audit  Committee  met twice during the fiscal year ended  December 31,
2006.  The  Audit  Committee  is  composed  of three of the  Fund's  independent
Trustees  (as such term is  defined  by the New York  Stock  Exchange's  listing
standards (the "NYSE Listing Standards")), namely Messrs. Colavita, Enright, and
Pustorino.  Each member of the Audit  Committee has been determined by the Board
of Trustees to be financially literate.

NOMINATING COMMITTEE

      The  Board  of  Trustees  has a  Nominating  Committee  composed  of three
independent  Trustees (as such term is defined by the NYSE  Listing  Standards),
namely Messrs.  Colavita,  Enright, and Zizza. The Nominating Committee met once
during the fiscal year ended  December 31,  2006.  The  Nominating  Committee is
responsible  for   identifying  and   recommending  to  the  Board  of  Trustees
individuals believed to be qualified to become Board members in the event that a
position is vacated or created.  The Nominating  Committee will consider Trustee
candidates  recommended by shareholders.  In considering candidates submitted by
shareholders, the Nominating Committee will take into consideration the needs of
the Board of Trustees, the qualifications of the candidate, and the interests of
shareholders.  The  Nominating  Committee may also take into  consideration  the
number of shares  held by the  recommending  shareholder  and the length of time
that such shares have been held. To recommend a candidate for  consideration  by
the  Nominating  Committee,  a  shareholder  must submit the  recommendation  in
writing and must include the following information:

      o     The  name  of the  shareholder  and  evidence  of the  shareholder's
            ownership  of  shares of the Fund,  including  the  number of shares
            owned and the length of time of ownership;

      o     The name of the candidate,  the  candidate's  resume or a listing of
            his or her  qualifications  to be a  Trustee  of the  Fund,  and the
            person's  consent  to be  named  as a  Trustee  if  selected  by the
            Nominating Committee and nominated by the Board of Trustees; and

      o     If requested by the  Nominating  Committee,  a completed  and signed
            trustees' questionnaire.

      The shareholder  recommendation  and  information  described above must be
sent to James E. McKee,  the Fund's  Secretary,  c/o Gabelli Funds,  LLC, at One
Corporate Center,  Rye, NY 10580-1422,  and must be received by the Secretary no
less than 120 days  prior to the  anniversary  date of the  Fund's  most  recent
annual  meeting of  shareholders  or, if the  meeting  has moved by more than 30
days, a reasonable amount of time before the meeting.

      The  Nominating  Committee  believes that the minimum  qualifications  for
serving  as a  Trustee  of the  Fund are that  the  individual  demonstrate,  by
significant  accomplishment in his or her field, an ability to make a meaningful
contribution to the Board of Trustees'  oversight of the business and affairs of
the Fund and have an  impeccable  record and  reputation  for honest and ethical
conduct in both his or her  professional and personal  activities.  In addition,
the Nominating Committee examines a candidate's specific experiences and skills,
time  availability  in  light  of  other  commitments,  potential  conflicts  of
interest,  and  independence  from  management  and  the  Fund.  The  Nominating
Committee  also seeks to have the Board of Trustees  represent  a  diversity  of
backgrounds and experience.

      The Fund's  Nominating  Committee  adopted a charter on May 12, 2004,  and
amended the charter on November 17, 2004. The charter can be found on the Fund's
website at www.gabelli.com.

OTHER BOARD-RELATED MATTERS

      The Board of Trustees has established the following procedures in order to
facilitate communications between the Board and the shareholders of the Fund and
other interested parties.

RECEIPT OF COMMUNICATIONS

      Shareholders  and other  interested  parties  may contact the Board or any
member of the Board by mail or electronically.  To communicate with the Board or
any member of the Board,  correspondence should be addressed to the Board or the
Board  member(s) with whom you wish to communicate by either name or title.  All
such correspondence should be sent c/o the Fund at One Corporate Center, Rye, NY
10580-1422. To communicate with the Board electronically,  shareholders may send
an e-mail to gabellifundsboard@gabelli.com.


                                        9




FORWARDING THE COMMUNICATIONS

      All  communications  received  will be opened by the office of the General
Counsel of the Adviser for the sole purpose of determining  whether the contents
represent a message to one or more Trustees.  The office of the General  Counsel
will forward  promptly to the  addressee(s) any contents that relate to the Fund
and that  are not in the  nature  of  advertising,  promotion  of a  product  or
service, or patently offensive or otherwise  objectionable material. In the case
of  communications to the Board of Trustees or any committee or group of members
of the Board, the General  Counsel's  office will make sufficient  copies of the
contents to send to each  Trustee who is a member of the group or  committee  to
which the envelope or e-mail is addressed.

      The Fund does not expect  Trustees or Nominees  for election as Trustee to
attend the Annual Meeting of Shareholders.

      The  following  table  sets  forth  certain   information   regarding  the
compensation  of the Fund's  Trustees  and  officers  for the fiscal  year ended
December 31, 2006. Mr.  Schachter is employed by the Fund and is not employed by
the Adviser (although he may receive incentive-based  variable compensation from
affiliates of the Adviser). Officers of the Fund who are employed by the Adviser
receive no compensation or expense reimbursement from the Fund.

                               COMPENSATION TABLE
                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2006



                                                           AGGREGATE COMPENSATION FROM
                                AGGREGATE COMPENSATION      THE FUND AND FUND COMPLEX
NAME OF PERSON AND POSITION          FROM THE FUND        PAID TO TRUSTEES AND OFFICERS*
---------------------------          -------------        ------------------------------
                                                                        
INTERESTED TRUSTEES/NOMINEES:

MARIO J. GABELLI                       $       0                    $       0    (24)#
Chairman of the Board and
Chief Investment Officer

JOHN D. GABELLI                        $       0                    $       0
Trustee

INDEPENDENT TRUSTEES/NOMINEES:

THOMAS E. BRATTER                      $   8,000                    $  34,000     (3)
Trustee

ANTHONY J. COLAVITA                    $   9,000                    $ 199,383    (34)#
Trustee

JAMES P. CONN                          $   8,000                    $  88,500    (14)
Trustee

VINCENT D. ENRIGHT                     $   9,000                    $  77,883    (14)#
Trustee

FRANK J. FAHRENKOPF, JR.               $   8,000                    $  60,000     (5)
Trustee

ROBERT J. MORRISSEY                    $   7,500                    $  40,383     (7)#
Trustee

ANTHONY R. PUSTORINO                   $  12,000                    $ 139,500    (14)
Trustee

SALVATORE J. ZIZZA                     $  10,000                    $ 139,383    (25)#
Trustee

OFFICER:

DAVID I. SCHACHTER                     $ 120,000                    $ 195,000     (2)
Vice President


-------------
*     Represents the total  compensation  paid to such persons during the fiscal
      year ended  December 31, 2006 by  investment  compa- nies  (including  the
      Fund) or portfolios  thereof from which such person receives  compensation
      that are considered part of the same fund complex as the Fund because they
      have common or affiliated  investment advisers.  The number in parentheses
      represents the number of such investment companies and portfolios.

#     Includes  compensation  for  serving  as a Trustee  of Ned Davis  Research
      Funds, Inc., which was liquidated on February 10, 2006.


                                       10



REQUIRED VOTE

      The  election  of each of the  listed  Nominees  for  Trustee  of the Fund
requires the  affirmative  vote of the holders of a plurality of the  applicable
class or classes of Shares of the Fund represented at the Meeting if a quorum is
present.

      THE BOARD OF TRUSTEES,  INCLUDING THE "INDEPENDENT" TRUSTEES,  UNANIMOUSLY
RECOMMENDS THAT THE COMMON AND PREFERRED SHAREHOLDERS VOTE "FOR" THE ELECTION OF
EACH NOMINEE.

                             ADDITIONAL INFORMATION

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

      PricewaterhouseCoopers,  300 Madison Avenue,  New York, NY 10017, has been
selected to serve as the Fund's  independent  registered  public accounting firm
for the fiscal year ending  December 31, 2007.  PricewaterhouseCoopers  acted as
the Fund's  independent  registered  public  accounting firm for the fiscal year
ended  December  31,  2006.  The Fund knows of no direct  financial  or material
indirect   financial   interest  of   PricewaterhouseCoopers   in  the  Fund.  A
representative of PricewaterhouseCoopers will not be present at the Meeting, but
will be available by telephone and will have an opportunity to make a statement,
if asked, and will be available to respond to appropriate questions.

      Set forth in the table  below are audit fees and  non-audit  related  fees
billed to the Fund by PricewaterhouseCoopers  for professional services received
during and for the fiscal years ended December 31, 2005 and 2006, respectively.



               FISCAL YEAR ENDED             AUDIT-RELATED
                  DECEMBER 31   AUDIT FEES       FEES*       TAX FEES**   ALL OTHER FEES
                  -----------   ----------   -------------   ----------   --------------
                                                                      
                     2005        $  35,800     $  13,400       $ 2,880            --
                     2006        $  38,300     $  13,400       $ 3,100            --


-------------
*     "Audit-Related   Fees"   are   those   fees   billed   to  the   Fund   by
      PricewaterhouseCoopers  in connection  with the  preparation  of Preferred
      Shares Reports to Moody's  Investors  Service,  Inc. and Standard & Poor's
      Ratings Services.

**    "Tax Fees" are those fees billed by  PricewaterhouseCoopers  in connection
      with tax compliance services, including primarily the review of the Fund's
      income tax returns.

      The Fund's  Audit  Committee  Charter  requires  that the Audit  Committee
pre-approve  all audit and non-audit  services to be provided by the independent
registered public accounting firm to the Fund, and all non-audit  services to be
provided by the  independent  registered  public  accounting  firm to the Fund's
Adviser  and  service  providers  controlling,  controlled  by, or under  common
control with the Fund's Adviser ("affiliates") that provide on-going services to
the Fund (a "Covered Services Provider"),  if the engagement relates directly to
the  operations  and financial  reporting of the Fund.  The Audit  Committee may
delegate  its  responsibility  to  pre-approve  any such  audit and  permissible
non-audit services to the Chairman of the Audit Committee, and the Chairman must
report his decision(s) to the Audit Committee,  at its next regularly  scheduled
meeting after the Chairman's  pre-approval of such services. The Audit Committee
may  also   establish   detailed   pre-approval   policies  and  procedures  for
pre-approval of such services in accordance with applicable laws,  including the
delegation of some or all of the Audit Committee's pre-approval responsibilities
to other persons (other than the Adviser or the Fund's  officers).  Pre-approval
by the Audit Committee of any permissible  non-audit services is not required so
long as: (i) the aggregate  amount of all such  permissible  non-audit  services
provided to the Fund, the Adviser, and any Covered Services Provider constitutes
not  more  than 5% of the  total  amount  of  revenues  paid by the  Fund to its
independent  registered  public  accounting  firm  during  the year in which the
permissible  non-audit  services are provided;  (ii) the  permissible  non-audit
services  were not  recognized  by the Fund at the time of the  engagement to be
non-audit  services;  and  (iii)  such  services  are  promptly  brought  to the
attention  of the Audit  Committee  and  approved by the Audit  Committee or the
Chairman prior to the completion of the audit. All of the audit,  audit-related,
and tax services  described  above for which  PricewaterhouseCoopers  billed the
Fund fees for the fiscal years ended December 31, 2005 and December 31, 2006


                                       11



were pre-approved by the Audit Committee.

      For the fiscal year ended  December 31, 2006,  PricewaterhouseCoopers  has
represented to the Fund that it did not provide any non-audit  services (or bill
any fees for such  services)  to the  Adviser  or any  affiliates  thereof  that
provide services to the Fund.

THE INVESTMENT ADVISER AND ADMINISTRATOR

      Gabelli  Funds,  LLC is the  Fund's  Adviser  and  Administrator  and  its
business address is One Corporate Center, Rye, New York 10580-1422.

COMPLIANCE WITH THE SECURITIES EXCHANGE ACT OF 1934

      Section  16(a) of the 1934 Act and Section  30(h) of the 1940 Act, and the
rules thereunder,  require the Fund's executive officers and Trustees, executive
officers and directors of the Adviser,  certain other affiliated  persons of the
Adviser,  and persons who own more than 10% of a registered  class of the Fund's
securities  to file reports of ownership  and changes in ownership  with the SEC
and the New York  Stock  Exchange  and to  furnish  the Fund with  copies of all
Section  16(a) forms they file.  Based solely on the Fund's review of the copies
of such forms it received for the fiscal year ended  December 31, 2006, the Fund
believes that during that year such persons  complied  with all such  applicable
filing requirements.

BROKER NON-VOTES AND ABSTENTIONS

      For  purposes of  determining  the  presence  of a quorum for  transacting
business at the Meeting,  abstentions and broker  "non-votes"  (that is, proxies
from  brokers  or  nominees  indicating  that  such  persons  have not  received
instructions  from the beneficial owner or other persons entitled to vote shares
on a particular matter with respect to which the brokers or nominees do not have
discretionary  power)  will be treated as shares  that are present but that have
not been voted.  Accordingly,  shareholders  are urged to forward  their  voting
instructions promptly.

      The affirmative  vote of a plurality of votes cast for each Nominee by the
shareholders  entitled to vote for a  particular  Nominee is  necessary  for the
election of a Trustee.  Abstentions  or broker  non-votes will not be counted as
votes  cast and will have no effect on the  result of the vote.  Abstentions  or
broker non-votes,  however,  will be considered to be present at the Meeting for
purposes of determining the existence of a quorum.

      Shareholders  of the Fund will be  informed  of the voting  results of the
Meeting in the Fund's Semi-Annual Report dated June 30, 2007.

                    OTHER MATTERS TO COME BEFORE THE MEETING

      The  Trustees of the Fund do not intend to present  any other  business at
the  Meeting,  nor are they  aware  that any  shareholder  intends to do so. If,
however, any other matters, including adjournments,  are properly brought before
the Meeting,  the persons named in the  accompanying  proxy will vote thereon in
accordance with their judgment.

                              SHAREHOLDER PROPOSALS

      All  proposals  by  shareholders  of the Fund  which  are  intended  to be
presented at the Fund's next Annual Meeting of  Shareholders  to be held in 2008
must be received by the Fund for consideration for inclusion in the Fund's proxy
statement  and proxy  relating to that meeting no later than  December 17, 2007.
There are additional  requirements  regarding  proposals of shareholders,  and a
shareholder  contemplating  submission  of a proposal  is referred to Rule 14a-8
under the 1934 Act.


                                       12



      IT IS IMPORTANT THAT PROXIES BE RETURNED PROMPTLY. SHAREHOLDERS WHO DO NOT
EXPECT TO ATTEND THE MEETING ARE THEREFORE  URGED TO COMPLETE,  SIGN,  DATE, AND
RETURN THE PROXY CARD AS SOON AS POSSIBLE IN THE ENCLOSED POSTAGE-PAID ENVELOPE.


                                       13






                                                                    3555-PS-2007


[LOGO] GABELLI FUNDS

000004

MR A SAMPLE
DESIGNATION (IF ANY)
ADD 1
ADD 2
ADD 3
ADD 4
ADD 5
ADD 6

000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext

C 123456789

            Using a BLACK INK pen, mark your votes with an X as shown in     |X|
            this example. Please do not write outside the designated areas.

--------------------------------------------------------------------------------
ANNUAL MEETING PROXY CARD                                   COMMON SHAREHOLDER
--------------------------------------------------------------------------------

                            THE GABELLI UTILITY TRUST

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned  hereby  appoints Mario J. Gabelli,  James E. McKee and Bruce N.
Alpert,  and each of them,  attorneys and proxies of the undersigned,  with full
powers of substitution and revocation,  to represent the undersigned and to vote
on behalf of the  undersigned  all  shares of The  Gabelli  Utility  Trust  (the
"Fund")  which the  undersigned  is  entitled  to vote at the Annual  Meeting of
Shareholders  of the  Fund to be  held at The  Cole  Auditorium,  The  Greenwich
Library, 101 West Putnam Avenue, Greenwich, Connecticut 06830 on Monday, May 14,
2007 at 11:00 a.m., and at any  adjournments  thereof.  The  undersigned  hereby
acknowledges  receipt of the Notice of Meeting  and Proxy  Statement  and hereby
instructs said attorneys and proxies to vote said shares as indicated herein. In
their discretion, the proxies are authorized to vote upon such other business as
may properly come before the Meeting.

A majority  of the  proxies  present  and acting at the  Meeting in person or by
substitute  (or, if only one shall be so present,  then that one) shall have and
may exercise  all of the power and  authority  of said  proxies  hereunder.  The
undersigned hereby revokes any proxy previously given.

This proxy,  if properly  executed,  will be voted in the manner directed by the
undersigned  shareholder.  If no direction is made, this proxy will be voted FOR
the  election of the  nominees as Trustees  and in the  discretion  of the proxy
holder as to any other matter that may properly come before the Meeting.  Please
refer to the Proxy Statement for a discussion of Proposal No. 1.

--------------------------------------------------------------------------------
PLEASE VOTE, DATE AND SIGN BELOW AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.
--------------------------------------------------------------------------------

A ELECTION OF TRUSTEES -- THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR ALL
NOMINEES LISTED.

1. To elect three (3) Trustees of the Fund:

                              FOR    WITHHOLD
01 - Mario J. Gabelli, CFA    |_|      |_|

                              FOR    WITHHOLD
02 - Thomas E. Bratter        |_|      |_|

                              FOR    WITHHOLD
03 - Vincent D. Enright       |_|      |_|

B NON-VOTING ITEMS

CHANGE OF ADDRESS -- Please print new address below.
---------------------------------------------------------

---------------------------------------------------------

COMMENTS -- Please print your comments below.
---------------------------------------------------------

---------------------------------------------------------

C AUTHORIZED SIGNATURES -- THIS SECTION MUST BE COMPLETED FOR YOUR VOTE TO BE
COUNTED. -- DATE AND SIGN BELOW

Please sign this proxy  exactly as your name(s)  appear(s) in the records of the
Fund. If joint owners,  either may sign.  Trustees and other fiduciaries  should
indicate the capacity in which they sign,  and where more than one name appears,
a majority  must sign. If a  corporation,  this  signature  should be that of an
authorized officer who should state his or her title.

Signature 1 -- Please keep signature within the box.
---------------------

---------------------

Signature 2 -- Please keep signature within the box.
---------------------

---------------------

Date (mm/dd/yyyy) -- Please print date below.
---------------------
    /    /
---------------------

C 1234567890           J N T   MR A SAMPLE (THIS AREA IS SET UP TO ACCOMMODATE
                               140 CHARACTERS) MR A SAMPLE AND MR A SAMPLE AND
                               MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND
1 U P X        0 1 3 2 7 3 1   MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND +


[LOGO] GABELLI FUNDS

000004

MR A SAMPLE
DESIGNATION (IF ANY)
ADD 1
ADD 2
ADD 3
ADD 4
ADD 5
ADD 6

000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext

C 123456789

            Using a BLACK INK pen, mark your votes with an X as shown in     |X|
            this example. Please do not write outside the designated areas.

--------------------------------------------------------------------------------
ANNUAL MEETING PROXY CARD                                   SERIES A PREFERRED
--------------------------------------------------------------------------------

                            THE GABELLI UTILITY TRUST

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned  hereby  appoints Mario J. Gabelli,  James E. McKee and Bruce N.
Alpert,  and each of them,  attorneys and proxies of the undersigned,  with full
powers of substitution and revocation,  to represent the undersigned and to vote
on behalf of the  undersigned  all  shares of The  Gabelli  Utility  Trust  (the
"Fund")  which the  undersigned  is  entitled  to vote at the Annual  Meeting of
Shareholders  of the  Fund to be  held at The  Cole  Auditorium,  The  Greenwich
Library, 101 West Putnam Avenue, Greenwich, Connecticut 06830 on Monday, May 14,
2007 at 11:00 a.m., and at any  adjournments  thereof.  The  undersigned  hereby
acknowledges  receipt of the Notice of Meeting  and Proxy  Statement  and hereby
instructs said attorneys and proxies to vote said shares as indicated herein. In
their discretion, the proxies are authorized to vote upon such other business as
may properly come before the Meeting.

A majority  of the  proxies  present  and acting at the  Meeting in person or by
substitute  (or, if only one shall be so present,  then that one) shall have and
may exercise  all of the power and  authority  of said  proxies  hereunder.  The
undersigned hereby revokes any proxy previously given.

This proxy,  if properly  executed,  will be voted in the manner directed by the
undersigned  shareholder.  If no direction is made, this proxy will be voted FOR
the  election of the  nominees as Trustees  and in the  discretion  of the proxy
holder as to any other matter that may properly come before the Meeting.  Please
refer to the Proxy Statement for a discussion of Proposal No. 1.

--------------------------------------------------------------------------------
PLEASE VOTE, DATE AND SIGN BELOW AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.
--------------------------------------------------------------------------------

A ELECTION OF TRUSTEES -- THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR ALL
NOMINEES LISTED.

1. To elect three (3) Trustees of the Fund:

                              FOR    WITHHOLD
01 - Mario J. Gabelli, CFA    |_|      |_|

                              FOR    WITHHOLD
02 - Thomas E. Bratter        |_|      |_|

                              FOR    WITHHOLD
03 - Vincent D. Enright       |_|      |_|

B NON-VOTING ITEMS

CHANGE OF ADDRESS -- Please print new address below.
---------------------------------------------------------

---------------------------------------------------------

COMMENTS -- Please print your comments below.
---------------------------------------------------------

---------------------------------------------------------

C AUTHORIZED SIGNATURES -- THIS SECTION MUST BE COMPLETED FOR YOUR VOTE TO BE
COUNTED. -- DATE AND SIGN BELOW

Please sign this proxy  exactly as your name(s)  appear(s) in the records of the
Fund. If joint owners,  either may sign.  Trustees and other fiduciaries  should
indicate the capacity in which they sign,  and where more than one name appears,
a majority  must sign. If a  corporation,  this  signature  should be that of an
authorized officer who should state his or her title.

Signature 1 -- Please keep signature within the box.
---------------------

---------------------

Signature 2 -- Please keep signature within the box.
---------------------

---------------------

Date (mm/dd/yyyy) -- Please print date below.
---------------------
    /    /
---------------------

C 1234567890           J N T   MR A SAMPLE (THIS AREA IS SET UP TO ACCOMMODATE
                               140 CHARACTERS) MR A SAMPLE AND MR A SAMPLE AND
                               MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND
1 U P X        0 1 3 2 7 3 2   MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND +




[LOGO] GABELLI FUNDS

000004

MR A SAMPLE
DESIGNATION (IF ANY)
ADD 1
ADD 2
ADD 3
ADD 4
ADD 5
ADD 6

000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext
000000000.000000 ext

C 123456789

            Using a BLACK INK pen, mark your votes with an X as shown in     |X|
            this example. Please do not write outside the designated areas.

--------------------------------------------------------------------------------
ANNUAL MEETING PROXY CARD                                   SERIES B PREFERRED
--------------------------------------------------------------------------------

                            THE GABELLI UTILITY TRUST

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES

The undersigned  hereby  appoints Mario J. Gabelli,  James E. McKee and Bruce N.
Alpert,  and each of them,  attorneys and proxies of the undersigned,  with full
powers of substitution and revocation,  to represent the undersigned and to vote
on behalf of the  undersigned  all  shares of The  Gabelli  Utility  Trust  (the
"Fund")  which the  undersigned  is  entitled  to vote at the Annual  Meeting of
Shareholders  of the  Fund to be  held at The  Cole  Auditorium,  The  Greenwich
Library, 101 West Putnam Avenue, Greenwich, Connecticut 06830 on Monday, May 14,
2007 at 11:00 a.m., and at any  adjournments  thereof.  The  undersigned  hereby
acknowledges  receipt of the Notice of Meeting  and Proxy  Statement  and hereby
instructs said attorneys and proxies to vote said shares as indicated herein. In
their discretion, the proxies are authorized to vote upon such other business as
may properly come before the Meeting.

A majority  of the  proxies  present  and acting at the  Meeting in person or by
substitute  (or, if only one shall be so present,  then that one) shall have and
may exercise  all of the power and  authority  of said  proxies  hereunder.  The
undersigned hereby revokes any proxy previously given.

This proxy,  if properly  executed,  will be voted in the manner directed by the
undersigned  shareholder.  If no direction is made, this proxy will be voted FOR
the  election of the  nominees as Trustees  and in the  discretion  of the proxy
holder as to any other matter that may properly come before the Meeting.  Please
refer to the Proxy Statement for a discussion of Proposal No. 1.

--------------------------------------------------------------------------------
PLEASE VOTE, DATE AND SIGN BELOW AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.
--------------------------------------------------------------------------------

A ELECTION OF TRUSTEES -- THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR ALL
NOMINEES LISTED.

1. To elect three (3) Trustees of the Fund:

                              FOR    WITHHOLD
01 - Mario J. Gabelli, CFA    |_|      |_|

                              FOR    WITHHOLD
02 - Thomas E. Bratter        |_|      |_|

                              FOR    WITHHOLD
03 - Vincent D. Enright       |_|      |_|

B NON-VOTING ITEMS

CHANGE OF ADDRESS -- Please print new address below.
---------------------------------------------------------

---------------------------------------------------------

COMMENTS -- Please print your comments below.
---------------------------------------------------------

---------------------------------------------------------

C AUTHORIZED SIGNATURES -- THIS SECTION MUST BE COMPLETED FOR YOUR VOTE TO BE
COUNTED. -- DATE AND SIGN BELOW

Please sign this proxy  exactly as your name(s)  appear(s) in the records of the
Fund. If joint owners,  either may sign.  Trustees and other fiduciaries  should
indicate the capacity in which they sign,  and where more than one name appears,
a majority  must sign. If a  corporation,  this  signature  should be that of an
authorized officer who should state his or her title.

Signature 1 -- Please keep signature within the box.
---------------------

---------------------

Signature 2 -- Please keep signature within the box.
---------------------

---------------------

Date (mm/dd/yyyy) -- Please print date below.
---------------------
    /    /
---------------------

C 1234567890           J N T   MR A SAMPLE (THIS AREA IS SET UP TO ACCOMMODATE
                               140 CHARACTERS) MR A SAMPLE AND MR A SAMPLE AND
                               MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND
1 U P X        0 1 3 2 7 3 3   MR A SAMPLE AND MR A SAMPLE AND MR A SAMPLE AND +