KEYCORP /NEW/ — Director's Dealing 2008

Apr 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2008-03-31

Reporting Person: Morris Robert L (Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-01	Common Shares	M	146	$21.95	Acquired	4765	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-01	Phantom Shares	$21.95	M	146	Disposed	2008-04-01	Common Shares (146)	Direct
2008-04-01	Phantom Shares	$21.95	F	69	Disposed	2008-04-01	Common Shares (69)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	5555	Indirect

Footnotes

F1: As of December 31, 2007.

F2: Conversion to common shares is on a one to one basis.

F3: Shares remaining in Automatic Deferral Plan after distribution and tax withholding.