ALLETE INC — Director's Dealing 2004

Mar 11, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2004-03-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-23	Common Stock	G	1972.16	—	Disposed	0	Direct
2004-03-10	Common Stock	G	8367.56	—	Acquired	8367.56	Direct
2004-03-10	Common Stock	M	10626	$20.51	Acquired	18993.56	Direct
2004-03-10	Common Stock	F	7777	$34.08	Disposed	11216.56	Direct
2004-02-23	Common Stock	G	1972.16	—	Acquired	13367.56	Indirect
2004-03-10	Common Stock	G	8367.56	—	Disposed	5000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-10	Employee Stock Option - Right to Buy	$20.51	M	10626	Disposed	2013-02-03	Common Stock (10626)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11711.44	Indirect