ALLETE INC — Director's Dealing 2004

May 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2004-05-01

Reporting Person: JOHNSON PETER J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-01	Common Stock	A	471.03	—	Acquired	38917.91	Direct
2004-03-09	Common Stock	G	92	—	Disposed	38825.91	Direct
2004-03-09	Common Stock	G	92	—	Acquired	322.83	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under the dividend reinvestment feature of ALLETE's stock purchase and dividend reinvestment plan and based on plan information as of April 30, 2004.