ALLETE INC — Director's Dealing 2005

Feb 1, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2005-01-28

Reporting Person: Holquist Laura A (President ALLETE Properties)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-28	Common Stock	A	612.94	—	Acquired	2942	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1012.22	Indirect
Common Stock	1135.27	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under the dividend reinvestment feature of ALLETE's employee stock purchase plan, and is based on plan information available as of January 1, 2005.