KEYCORP /NEW/ — Director's Dealing 2003

Oct 1, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2003-09-30

Reporting Person: MINTER STEVEN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-30	Common Shares	M	89	$25.57	Acquired	5888	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-30	Phantom stock units	$	M	89	Disposed	2003-09-30	Common shares ()	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Phantom Stock	26939	Indirect

Footnotes

F1: Phantom shares were converted to treasury shares and distributed under KeyCorp Director Deferred Plan.

F2: Conversion to common shares is on a one-to-one basis.