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The onscreen credits incorrectly spell actor Clegg Hoyt's surname as "Hoit." The Filmfacts review states that the film was shot on location in New York City, but internal evidence within the film confirms that it was shot at various locations in and around Los Angeles. Other internal evidence confirms that many interiors were shot in actual houses and other buildings within the Los Angeles area. Gangster Story was the only film directed by actor Walter Matthau, and the only release of Swen Productions, Inc.
The film also marked the only onscreen pairing of Matthau and his wife, stage actress Carol Grace (1925-2003). Although the onscreen credits for Gangster Story read "And introducing Carol Grace," the actress had a bit role in the 1958 RKO release Stage Struck (see below). Her only other film was the 1976 John Cassavetes picture Mikey and Nicky. Previous to her 1959 marriage to Matthau, Grace had been married to notable American novelist William Saroyan. According to many modern sources, author Truman Capote, who was a longtime friend of Grace, stated that she was the inspiration for the character "Holly Golightly" in his short story "Breakfast at Tiffany's," which was made into a film of the same title in 1961.