KEYCORP /NEW/ — Director's Dealing 2004

Jan 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2004-01-27

Reporting Person: BUONCORE RICHARD J (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-27	Common Shares	S	5163	$31.59	Disposed	150418	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2268	Indirect
Phantom Shares	10842	Indirect
Phantom Shares	62036	Indirect

Footnotes

F1: As of December 31, 2003.