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<SEC-DOCUMENT>0000950137-03-004402.txt : 20030815
<SEC-HEADER>0000950137-03-004402.hdr.sgml : 20030815
<ACCEPTANCE-DATETIME>20030815143418
ACCESSION NUMBER:		0000950137-03-004402
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030815
ITEM INFORMATION:		Other events
FILED AS OF DATE:		20030815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GATX CORP
		CENTRAL INDEX KEY:			0000040211
		STANDARD INDUSTRIAL CLASSIFICATION:	TRANSPORTATION SERVICES [4700]
		IRS NUMBER:				361124040
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-02328
		FILM NUMBER:		03850442

	BUSINESS ADDRESS:	
		STREET 1:		500 W MONROE  ST
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60661
		BUSINESS PHONE:		3126216200

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENERAL AMERICAN TRANSPORTATION CORP
		DATE OF NAME CHANGE:	19750722
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c79153e8vk.txt
<DESCRIPTION>CURRENT REPORT
<TEXT>
<PAGE>
================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT


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

                       PURSUANT TO SECTION 13 OR 15 (d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

        Date of Report (Date of Earliest Event Reported): August 15, 2003


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

                                GATX Corporation
             (Exact Name of Registrant as Specified in its Charter)



           New York                     1-2328                   36-1124040
(State or other jurisdiction   (Commission File Number)        (IRS Employer
      of incorporation)                                      Identification No.)



        500 West Monroe Street
           Chicago, Illinois                                     60661-3676
(Address of principal executive offices)                         (Zip Code)



        Registrant's telephone number, including area code (312) 621-6200

<PAGE>


ITEM 5.  OTHER EVENTS.

On August 15, 2003, GATX Corporation issued a press release announcing that it
had completed a private offering of $125 million of senior unsecured convertible
notes due 2023 issued under Rule 144A.


                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                                                     GATX CORPORATION
                                              --------------------------------
                                                       (Registrant)

                                                    /s/ Brian Kenney
                                              --------------------------------
                                                     Brian A. Kenney
                                                Senior Vice President and
                                                 Chief Financial Officer
                                                (Duly Authorized Officer)

Date:  August 15, 2003


                                INDEX TO EXHIBITS

Exhibit No.                                                  Method of Filing
- -----------                                                  ----------------
99a               GATX Corporation press release           Filed Electronically
                  dated August 15, 2003






</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>3
<FILENAME>c79153exv99wa.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>
[GATX LOGO]                                                          EXHIBIT 99a

FOR RELEASE:  IMMEDIATELY

GATX CORPORATION COMPLETES CONVERTIBLE NOTES ISSUANCE

         CHICAGO, August 15 - GATX Corporation (NYSE:GMT) announced today that
it completed a private offering of $125 million of senior unsecured convertible
notes due 2023 issued under Rule 144A. The offering was increased from $115
million to $125 million as a result of the underwriters exercising the
over-allotment option due to strong investor demand.
         The notes carry a 5.0% coupon and are initially convertible, subject to
certain conditions, into GATX Corporation common stock at a price of $23.6915
per share, a 22.5% premium over the common stock closing price on August 11,
2003. The notes may not be redeemed by GATX prior to August 15, 2008, but are
redeemable at par any time thereafter. Holders of the notes have the option to
require GATX to purchase their notes at par on August 15, 2008, August 15, 2013,
and August 15, 2018. The net proceeds of the offering will be used by GATX
Financial Corporation, a wholly owned subsidiary of GATX Corporation, for
general corporate purposes.
         This notice does not constitute an offer to sell or the solicitation of
an offer to buy securities. The notes have not been registered under the
Securities Act of 1933 and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the Securities Act of 1933. It is anticipated that a
registration statement will be filed under the Securities Act of 1933 to permit
the resale of the notes and the underlying shares of common stock issuable upon
conversion.

COMPANY DESCRIPTION

         GATX Corporation (NYSE:GMT) is a specialized finance and leasing
company combining asset knowledge and services, structuring expertise,
partnering and risk capital to serve customers and partners worldwide. GATX
specializes in railcar and locomotive leasing, aircraft operating leasing, and
information technology leasing. FOR FURTHER INFORMATION CONTACT:

ANALYSTS & INVESTORS:
Robert C. Lyons             Rhonda S. Johnson
GATX Corporation            GATX Corporation
312-621-6633                415-955-3211

Investor, corporate, financial, historical financial, photographic and news
release information may be found at www.gatx.com.


(8/15/03)


</TEXT>
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