KEYCORP /NEW/ — Director's Dealing 2004

Jan 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2003-12-31

Reporting Person: KOPNISKY JACK L (SEVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-31	COMMON SHARES	F	80	$29.28	Disposed	53890	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON SHARES	10286	Indirect
COMMON SHARES	6007	Indirect
PHANTOM SHARES	7064	Indirect

Footnotes

F1: AS OF DECEMBER 31, 2002