KEYCORP /NEW/ — Director's Dealing 2008

Jan 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2007-12-31

Reporting Person: STEVENS THOMAS G (Director, Vice Chair and CAO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-31	Phantom Shares	$0	A	431	Acquired	2007-12-31	Common Shares (431)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	101776	Direct
Common Shares	667	Indirect

Footnotes

F1: As of September 30, 2007.

F2: Company match in connection with deferral into Deferred Savings Plan.

F3: Conversion to common shares is on a one to one basis.