KEYCORP /NEW/ — Director's Dealing 2005

Apr 20, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2005-04-19

Reporting Person: HEISLER ROBERT B JR (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-19	common shares	M	10000	$17.125	Acquired	101499	Direct
2005-04-19	common shares	F	6710	$33.15	Disposed	94789	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-19	option to buy	$17.125	M	10000	Disposed	2006-01-17	common shares (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	1160	Indirect
common shares	69903	Indirect

Footnotes

F1: As of December 31, 2004.

F2: Options vested in three annual equal installments commencing January 17, 1997.