ALLETE INC — Director's Dealing 2004

Apr 6, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2004-04-05

Reporting Person: VIZANKO JAMES K (Sen.VP, CFO & Corp. Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-05	Common Stock	M	5863	$23.63	Acquired	17079.56	Direct
2004-04-05	Common Stock	M	1353	$20.51	Acquired	18432.56	Direct
2004-04-05	Common Stock	F	5556	$34.99	Disposed	12876.56	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-05	Employee Stock Option - Right to Buy	$23.63	M	5863	Disposed	2011-01-02	Common Stock (5863)	Direct
2004-04-05	Employee Stock Option - Right to Buy	$20.51	M	1353	Disposed	2013-02-03	Common Stock (1353)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11666.81	Indirect
Common Stock	5000	Indirect