ALLETE INC — Director's Dealing 2003

Aug 25, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2003-08-22

Reporting Person: THORP TIMOTHY J (VP Invest. Rel./Corp. Comm.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-22	Common Stock	S	200	$26.75	Disposed	602.74	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	198.16	Indirect
Common Stock	7555.71	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under the dividend reinvestment feature of ALLETE's stock purchase and dividend reinvestment plan, and is based on plan information available as of July 31, 2003.

F2: Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan, and is based on plan information available as of July 31, 2003.