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: WEEDEN JEFFREY B (Sr. Exec. Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-30	Common Shares	M	1135	$25.27	Acquired	24400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-30	Phantom Stock	$	M	1135	Disposed	2003-09-30	Common Shares ()	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	231	Indirect
Phantom Shares	18	Indirect

Footnotes

F1: Shares owned in Corporation 401(k) Savings Plan as of December 31, 2002.

F2: Phantom Shares owned in Corporation Excess Savings Plan as of December 31, 2002.

F3: Conversion to common shares is on a one-to-one basis.

F4: Unvested phantom stock remaining in KeyCorp Signing Bonus Plan.