KEYCORP /NEW/ — Director's Dealing 2003

Oct 21, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2003-10-20

Reporting Person: HEISLER ROBERT B JR (Exec. Vice Pres.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-20	Common Shares	M	24000	$14.9375	Acquired	98703	Direct
2003-10-20	Common Shares	F	18629	$26.4	Disposed	80074	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-20	Option to Buy	$14.9375	M	24000	Disposed	2004-01-03	Common Shares (24000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	40405	Indirect
Common Shares	20119	Indirect
Common Shares	360	Indirect
Common Shares	800	Indirect
Common Shares	1660	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.