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: IRVING LEROY G (EXECUTIVE VICE PRESIDENT)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-31	COMMON SHARES	F	27	$29.28	Disposed	72620	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON SHARES	3001	Indirect
COMMON SHARES	7273	Indirect
PHANTOM SHARES	2197	Indirect

Footnotes

F1: AS OF DECEMBER 31, 2002