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PRICING SUPPLEMENT NO. 5, DATED: December 14, 1994 RULE 424(b)(5)
to Prospectus Supplement Dated August 10, 1994 REGISTRATION STATEMENT NO. 33-53643
to Prospectus Dated August 10, 1994
KEYCORP
$50,000,000
[X] SENIOR MEDIUM-TERM NOTES, SERIES B
[ ] SUBORDINATED MEDIUM-TERM NOTES, SERIES
[ ] Floating Rate Notes [X] 8.10% Fixed Rate Notes
[X] Book-Entry Notes [ ] Certificated Notes
<CAPTION>
Original Issue Date: December 20, 1994
Maturity Date: December 20, 1996
Issue Price: 99.894%
Paying Agent: Society National Bank
<S> <C> <C> <C> <C> <C>
Option to Elect Redemption: [ ] Yes [X] No Option to Extend Maturity: [ ] Yes [X] No
-------------------------- -------------------------
Redemption Date(s) Extended Maturity Dates:
Initial Redemption Percentage: Notice of Extension Date(s):
Annual Redemption Percentage Reduction:
Option to Elect Repayment: [ ] Yes [X] No Specified Currency (not U.S. Dollars): [ ] Yes [X] No
-------------------------
Repayment Date(s): Authorized Denominations:
Repayment Price(s): Exchange Rate Agency:
Repurchase Price (if any): Optional Interest Rate Reset: [ ] Yes [X] No
Amortization Schedule (if any): Optional Interest Rate Reset Dates: [ ] Yes [X] No
Sinking Fund Defeasance: [ ] Yes [X] No Optional Extension of Maturity: [ ] Yes [X] No
Covenant Defeasance: [ ] Yes [X] No Length of Extension Period: [ ] Yes [X] No
Minimum Denominations: [X] $1,000 [ ] Other _________
FIXED RATE NOTES ONLY
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Interest Computation Period: Semi -annual
Interest Payment Dates: June 1, 1995; December 1, 1995; June 1,
1996; December 1, 1996; and December 20, 1996
Regular Record Dates if other than May 16 and November 16:
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FLOATING RATE NOTES ONLY
BASE RATE:
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<CAPTION>
<S> <C>
[ ] CD Rate [ ] Treasury Rate
[ ] Commercial Paper Rate [ ] CMT Rate
[ ] Federal Funds Rate [ ] COFI Rate
[ ] LIBOR [ ] Other (specify):________
[ ] Prime Rate
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<S> <C>
Initial Interest Rate: Total Amount of OID:
Yield to Maturity:
Index Maturity: Initial Accrual Period OID
and Designated Method:
Spread (Plus or minus): Interest Determination Date:
Interest Reset Period:
Maximum Interest Rate: Interest Reset Dates:
Interest Payment Dates:
Minimum Interest Rate: Calculation Date:
Spread Multiplier:
Calculation Agent: Telerate Page:
Other Terms (if any):
..................................................................................................................................
AGENT: ______ CS First Boston Corporation Agent's Discount or Commission: .106% ($53,000)
- ----- ______ Goldman, Sachs & Co. Trade Date: December 14, 1994
______ Kidder, Peabody & Co. Incorporated Proceeds to KeyCorp: $49,947,000
______ J.P. Morgan Securities
__X__ Salomon Brothers Inc.
______ Acting as Agent ______ Agent is acting as Agent for the sale of Notes by KeyCorp at a price of ____% of the principal
amount
__X __ Acting as Principal __X___ Agent is purchasing Notes from KeyCorp as Principal in this transaction for resale to one or more
investors and other purchasers at:
______ a fixed public offering price of _________ of the Principal amount
__X___ varying prices related to prevailing market conditions at the time or times of resale to
be determined by such Agent
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