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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950134-08-000615.txt : 20080115
<SEC-HEADER>0000950134-08-000615.hdr.sgml : 20080115
<ACCEPTANCE-DATETIME>20080115172713
ACCESSION NUMBER:		0000950134-08-000615
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080115
DATE AS OF CHANGE:		20080115

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GULF ISLAND FABRICATION INC
		CENTRAL INDEX KEY:			0001031623
		STANDARD INDUSTRIAL CLASSIFICATION:	FABRICATED STRUCTURAL METAL PRODUCTS [3440]
		IRS NUMBER:				721147390
		STATE OF INCORPORATION:			LA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-52777
		FILM NUMBER:		08531937

	BUSINESS ADDRESS:	
		STREET 1:		GULF ISLAND FABRICATION INC
		STREET 2:		583 THOMPSON RD
		CITY:			HOUMA
		STATE:			LA
		ZIP:			70361
		BUSINESS PHONE:		5048722100

	MAIL ADDRESS:	
		STREET 1:		P O BOX 310
		CITY:			HOUMA
		STATE:			LA
		ZIP:			70361

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VILLERE ST DENIS J & CO LLC
		CENTRAL INDEX KEY:			0001113629
		IRS NUMBER:				720343760
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		601 POYDRAS ST.
		STREET 2:		SUITE 1808
		CITY:			NEW ORLEANS
		STATE:			LA
		ZIP:			70130
		BUSINESS PHONE:		504-525-0808

	MAIL ADDRESS:	
		STREET 1:		601 POYDRAS ST.
		STREET 2:		SUITE 1808
		CITY:			NEW ORLEANS
		STATE:			LA
		ZIP:			70130

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VILLERE ST DENIS J & CO
		DATE OF NAME CHANGE:	20000505
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>d53101asc13gza.txt
<DESCRIPTION>AMENDMENT TO SCHEDULE 13G
<TEXT>
<PAGE>





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


                                 SCHEDULE 13GA


                   Under the Securities Exchange Act of 1934

                         Gulf Island Fabrication Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                         Voting Shares of Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                   4023076102
- --------------------------------------------------------------------------------
                                 (CUSIP Number)

                                    12/31/07
                      -----------------------------------
                     Date of Event Which Requires Reporting

          Check the appropriate box to designate the rule pursuant to
          which this Schedule is filed:

          [X]  Rule 13d-1(b)
          [ ]  Rule 13d-1(c)
          [ ]  Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).





                               Page 1 of 5 pages
<PAGE>
CUSIP No. 402307102                                            Page 2 of 5 Pages

1.       NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 St. Denis J. Villere & Company, L.L.C.
                 I.R.S. Identification No. 72-0343760

- --------------------------------------------------------------------------------
2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                        (a)  /   /              (b)  / X /

- --------------------------------------------------------------------------------
3.       SEC USE ONLY

- --------------------------------------------------------------------------------
4.       CITIZENSHIP OR PLACE OR ORGANIZATION
               Louisiana
- --------------------------------------------------------------------------------
NUMBER OF        5.       SOLE VOTING POWER
                                                124900
SHARES           ---------------------------------------------------------------

BENEFICIALLY     6.       SHARED VOTING POWER
                                                1744878
OWNED BY         ---------------------------------------------------------------

EACH             7.       SOLE DISPOSITIVE POWER
                                                124900
REPORTING        ---------------------------------------------------------------

PERSON           8.       SHARED DISPOSITIVE POWER
                                                1744878
WITH             ---------------------------------------------------------------

9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
              1869778 Shares

- --------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
                N/A

- --------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
                13.19%

- --------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON*
                IA

- --------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!





                               Page 2 of 5 pages
<PAGE>
                                  SCHEDULE 13G

ITEM 1.

        This Schedule 13G relates to shares of the Voting Shares of Common Stock
(the "Shares") of Gulf Island Fabrication, Inc, a Louisiana corporation (the
"Issuer"), whose principal executive offices are located at 583 Thompson Rd.
Houma, La, 70363.

ITEM 2.

         (a) - (c)        The person filing this Schedule 13G is St. Denis J.
Villere & Company, L.L.C., a Louisiana limited liability company ("Villere"),
with its principal business office located at 601 Poydras Street, Suite 1808,
New Orleans, Louisiana 70130

         (d)     Title of Class of Securities:  Voting Shares of Common Stock

         (e)     CUSIP Number:  402307106

ITEM 3.

         Villere is filing this Schedule 13G as an Investment Adviser registered
under Section 203 of the Investment Advisers Act of 1940.

ITEM 4.          Ownership.

         (a) - (c)        As of December 31, 2007, Villere was deemed to have or
share voting or dispositive power over, and therefore to own beneficially, the
number and percentage of Shares of the Issuer indicated below:

<Table>
<Caption>
Number           Percentage of             Sole             Shared           Sole             Shared
of               Outstanding               Voting           Voting           Dispositive      Dispositive
Shares           Shares                    Power            Power            Power            Power
- -------          -------------             ------          ---------         ------------     -----------
<S>              <C>                       <C>             <C>               <C>              <C>
1869778          13.19%                    124900          1744878           124900           1744878
</Table>





                               Page 3 of 5 pages
<PAGE>


ITEM 5.          Ownership of Five Percent or Less of a Class.

                 Not Applicable

ITEM 6.          Ownership of More than Five Percent on Behalf of Another
                 Person.

                 Not Applicable

ITEM 7.          Identification and Classification of the Subsidiary Which
                 Acquired the Security Being Reported on By the Parent Holding
                 Company.

                 Not Applicable

ITEM 8.          Identification and Classification of Members of the Group.

                 Not Applicable

ITEM 9.          Notice of Dissolution of Group.

                 Not Applicable

ITEM 10.         Certification.

                 By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired and held in the
ordinary course of business and were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.





                               Page 4 of 5 pages
<PAGE>
                                  SIGNATURE

         After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


Date:  January 14, 2008
       ----------------
                                        ST. DENIS J. VILLERE & COMPANY, L.L.C.



                                        By:  /s/ George G. Villere
                                             ----------------------------
                                             George G. Villere
                                             Member





                               Page 5 of 5 pages
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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