ALLETE INC — Director's Dealing 2004

Feb 4, 2004

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2003-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-02-20	Common Stock	G	2605.53	—	Disposed	0	Direct
2003-02-20	Common Stock	G	2605.53	—	Acquired	11395.41	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11001.67	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP). This information is based on a RSOP plan statement as of December 31, 2003.