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: 2004-10-18

Reporting Person: HEISLER ROBERT B JR (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-10-18	common shares	M	9000	$13.0625	Acquired	100050	Direct
2004-10-18	common shares	F	6326	$32.64	Disposed	93724	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-18	option to buy	$13.0625	M	9000	Disposed	2005-01-18	common shares (9000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	1160	Indirect
common shares	65667	Indirect

Footnotes

F1: As of December 31, 2003.