KEYCORP /NEW/ — Director's Dealing 2003

Oct 28, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2003-10-27

Reporting Person: IRVING LEROY G (Exec. Vice Pres.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-27	Common shares	M	24000	$14.575	Acquired	91859	Direct
2003-10-27	Common shares	F	17339	$27.93	Disposed	74520	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-27	Option to Buy	$14.575	M	24000	Disposed	2004-01-02	Common shares (24000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common shares	3001	Indirect
Phantom shares	7273	Indirect
Phantom shares	157	Indirect

Footnotes

F1: Shares vested in the Corporation Savings Plan as of December 31, 2002.

F2: Phantom shares vested in the Corporation Excess Savings Plan as of December 31, 2002.

F3: Phantom shares vested in the Corporation Deferred Compensation Plan as of December 31, 2002.