KEYCORP /NEW/ — Director's Dealing 2005

Jan 26, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2005-01-25

Reporting Person: TEN EYCK PETER G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-25	common shares	M	7000	$13.5	Acquired	15241	Direct
2005-01-25	common shares	F	2838	$33.295	Disposed	12403	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-25	option to buy	$13.5	M	7000	Disposed	2005-04-25	common shares (7000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	2750	Indirect