ALLETE INC — Director's Dealing 2005

Feb 1, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2004-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-23	Common Stock	G	657.39	—	Disposed	1502.99	Direct
2004-03-10	Common Stock	G	2789.19	—	Acquired	4292.18	Direct
2004-02-23	Common Stock	G	657.39	—	Acquired	4455.86	Indirect
2004-03-10	Common Stock	G	2789.19	—	Disposed	1666.67	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4772.14	Indirect

Footnotes

F1: For reporting clarity, this amount has been adjusted to reflect the subsequent one-for-three reverse stock split effective at 12:00 noon EDT on September 20, 2004.

F2: Total shown reflects the one-for-three reverse stock split effective at 12:00 noon EDT on September 20, 2004.

F3: Includes shares acquired in exempt transactions under ALLETE's retirement savings and stock ownership plan (RSOP) and is based on RSOP plan information available as of December 1, 2004.