Howmet Aerospace Inc. — Director's Dealing 2004

Apr 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2004-04-01

Reporting Person: THOMAS FRANKLIN A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-01	Phantom Stock Units	$	A	1079	Acquired		Common Stock (1079)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14001.501	Direct

Footnotes

F1: Includes shares acquired under the Alcoa Dividend Reinvestment Plan

F2: 1 For 1

F3: Phantom stock units were acquired under the Alcoa Deferred Fee Plan for Directors and are to be paid out in cash after Board service ends.