KEYCORP /NEW/ — Director's Dealing 2004

Jan 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2004-01-21

Reporting Person: TEN EYCK PETER G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-21	Common Shares	M	7000	$14.34	Acquired	11972	Direct
2004-01-21	Common Shares	F	3731	$30.66	Disposed	8241	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-21	Option to Buy	$16.34	M	7000	Disposed	2004-03-17	Common Shares (7000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	4064	Indirect