KEYCORP /NEW/ — Director's Dealing 2004

Jul 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2004-07-01

Reporting Person: MINTER STEVEN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-01	common shares	M	602	$29.89	Acquired	35423	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-01	phantom shares	$29.89	M	602	Disposed	2004-07-01	common shares (602)	Direct

Footnotes

F1: Phantom shares were converted to treasury shares and distributed under Deferral Plan.

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