ALLETE INC — Director's Dealing 2004

Feb 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2004-02-02

Reporting Person: MAYER GEORGE L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-02	Common Stock	A	212.118	—	Acquired	29003.45	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	500	Indirect
Common Stock	300	Indirect
Common Stock	250	Indirect
Common Stock	400	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 January 31, 2004.

F2: By reporting person's spouse as conservator for family member in the same household as reporting person.

F3: By reporting person as trustee for George A. Mayer Charitable Remainder Trust.

F4: By reporting person as trustee for Mayer Charitable Annuity Trust.