ALLETE INC — Director's Dealing 2005

Jan 10, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLETE INC (ALE)
CIK: 0000066756
Period of Report: 2005-01-07

Reporting Person: Holquist Laura A (President ALLETE Properties)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-07	Common Stock	S	100	$38.48	Disposed	1135.27	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2327.08	Direct
Common Stock	1012.22	Indirect

Footnotes

F1: Includes shares acquired in exempt transactions under the dividend reinvestment features of ALLETE's stock purchase and dividend reinvestment plan and ALLETE's employee stock purchase plan and is based on plan information available as of December 31, 2004.

F2: 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, 2004.