KEYCORP /NEW/ — Director's Dealing 2007

Apr 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2007-03-30

Reporting Person: CUTLER ALEXANDER M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-30	Phantom Shares	$0	A	283	Acquired	2007-03-30	Common Shares (283)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2000	Direct

Footnotes

F1: Under deferral plan, fees were deferred into phantom stock account which stock is convertible into common shares on a one to one basis.