Mario Hamuy (Carnegie Observatories) and Luis Gonzalez (Universidad de Chile), report the following preliminary CCD magnitudes for SN 2003gs (cf. 8171) from data obtained with the Las Campanas Observatory Swope 1-m telescope: July 30.33 B=14.12 V=13.46 I=13.31; July 31.27 B=14.23 V=13.48 I= 13.30. These observations suggest that SN 2003gs is a few days past V maximum. The B-V color of 0.66 and 0.73 at these two epochs is much redder than the B-V = 0 color displayed by normal type Ia events near maximum light, but is similar to that of the subluminous SN 1991bg (Leibundgut et al. AJ, 105, 301). A spectrum (range 390-900 nm) obtained by Nidia Morrell (Carnegie Observatories) on Jul 31.33 with the Las Campanas Observatory Baade 6.5-m telescope (+ B&C), confirms that SN 2003gs is spectroscopically peculiar (cf. 8171, 8172). The lack of interstellar Na I D lines suggests that SN 2003gs is not significantly reddened by dust.