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: SMITH NICK (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-30	Common Stock	G	975	—	Disposed	11071.93	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	50	Indirect
Common Stock	2000	Indirect
Common Stock	2060	Indirect