Howmet Aerospace Inc. — Director's Dealing 2004

Feb 10, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALCOA INC (AA)
CIK: 0000004281
Period of Report: 2004-02-06

Reporting Person: KELSON RICHARD B (Exec. VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-06	Common Stock	S	4300	$34.90	Disposed	320443	Direct
2004-02-06	Common Stock	S	700	$34.91	Disposed	319743	Direct
2004-02-06	Common Stock	S	2500	$35.00	Disposed	317243	Direct
2004-02-06	Common Stock	S	1100	$35.01	Disposed	316143	Direct
2004-02-06	Common Stock	S	1400	$35.03	Disposed	314743	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8569	Indirect