KENNAMETAL INC — Director's Dealing 2004

May 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2004-05-03

Reporting Person: BREISINGER JAMES R (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-03	Common Stock	I	6320.074	$43.0491	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	27216.6837	Direct

Footnotes

F1: The amount of securities beneficially owned following reported transaction(s) listed in column 5 of Table I includes 184.2250 shares acquired pursuant to tax-conditioned plans (exempt under Rule 16b-3(c)). Specifically, the amount includes: (a) 103.521 shares acquired pursuant to the Kennametal Inc. Thrift Plan and (b) 80.7042 shares acquired pursuant to the Kennametal Inc. Dividend Reinvestment and Stock Purchase Plan.