KEYCORP /NEW/ — Director's Dealing 2004

Oct 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2004-10-19

Reporting Person: BARES WILLIAM G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-19	common shares	M	7000	$13.5	Acquired	13794	Direct
2004-10-19	common shares	F	2905	$32.53	Disposed	10889	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-19	option to buy	$13.5	M	7000	Disposed	2005-04-25	common shares (7000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	4000	Indirect