8-K

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): July 27, 2007

GATX Corporation

(Exact name of registrant as specified in its charter)

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

500 West Monroe Street
Chicago, Illinois 60661-3676

(Address of principal executive offices, including zip code)

(312) 621-6200

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the obligation of the registrant under any of the following provisions:

o Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

     On July 27, 2007, the Board of Directors of GATX Corporation (the “Company”) elected David S. Sutherland to serve as an independent director on the Board of Directors of the Company. The committees of the Board of Directors to which Mr. Sutherland will be named have not been determined at this time.

     A copy of the press release announcing this action is included as an exhibit to this report.

Item 9.01 Financial Statements and Exhibits.

     (d) Exhibits

          99.1 Press Release dated July 30, 2007.

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/ Robert C. Lyons  

Robert C. Lyons 

Senior Vice-President, Chief Financial Officer (Duly Authorized Officer) 

Date: July 30, 2007

EXHIBIT INDEX

Exhibit No.	Description	Method of Filing
99.1	Press Release of GATX Corporation, dated July 30, 2007 announcing David S. Sutherland’s election to serve on the Board of Directors of GATX Corporation.	Filed Electronically

EX-99.1

NEWS RELEASE

FOR RELEASE: IMMEDIATE

GATX ADDS DAVID SUTHERLAND TO BOARD OF DIRECTORS

     CHICAGO, July 30 - GATX Corporation (NYSE:GMT) reported that David S. Sutherland was elected by the GATX Board of Directors to serve as an independent director.

     “Dave brings exceptional experience to GATX, having run IPSCO, a successful international, public company,” said Brian A. Kenney, chairman and CEO of GATX Corporation. “In addition, his extensive knowledge of the steel industry will be invaluable to GATX. I am pleased he has joined our outstanding group of independent directors.”

     Mr. Sutherland recently retired as president and chief executive officer of IPSCO, Inc., a leading steel producer in North America that was acquired by a foreign steel manufacturer last month. He joined IPSCO in 1977, holding positions of increasing responsibility throughout Canada and the U.S. and served as president and CEO from January 2002 to June 2007. Mr. Sutherland holds a Bachelor of Commerce degree from University of Saskatchewan and a Masters of Business Administration from the Katz Graduate School of Business at the University of Pittsburgh. He served as a director of the Steel Manufacturers Association, the Canadian Steel Producers Association, the International Iron and Steel Institute and the National Association of Manufacturers.

COMPANY DESCRIPTION

     GATX Corporation (NYSE:GMT) provides lease financing and related services to customers operating rail, marine and other targeted assets. GATX is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world. Applying over a century of operating experience and strong market and asset expertise, GATX provides quality assets and services to customers worldwide. GATX has been headquartered in Chicago, Illinois since its founding in 1898 and has traded on the New York Stock Exchange since 1916. For more information, visit the Company’s website at www.gatx.com.

FOR FURTHER INFORMATION CONTACT:
Rhonda S. Johnson
Director, Investor Relations
GATX Corporation
312-621-6262
rhonda.johnson@gatx.com

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

(07/30/07)