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PRICING SUPPLEMENT NO. 2, DATED: May 30,1995 RULE 424(b)(2)
to Prospectus Supplement Dated April 21, 1995 REGISTRATION STATEMENT NO.33-58405
to Prospectus Dated April 21, 1995
KEYCORP
$50,000,000
[ X ] SENIOR MEDIUM-TERM NOTES, SERIES C
[ ] SUBORDINATED MEDIUM-TERM NOTES, SERIES B
<S> <C> <C> <C>
[X] Floating Rate Notes [ ] ______% Fixed Rate Notes
[X] Book-Entry Notes [ ] Certificated Notes
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Original Issue Date: June 2, 1995
Maturity Date: June 2, 1998
Issue Price:100%
Paying Agent: Society National Bank
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<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
--------
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FIXED RATE NOTES ONLY
---------------------
Interest Computation Period:
Interest Payment Dates:
Regular Record Dates if other than May 16 and November 16:
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FLOATING RATE NOTES ONLY
------------------------
BASE RATE
---------
[ ]CD Rate [ ]Treasury Rate
[ ]Commercial Paper Rate [ ]CMT Rate
[ ]Federal Funds Rate [ ]COFI Rate
[x]LIBOR [ ]Other (specify):---------
[ ]Prime Rate
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<S> <C>
Initial Interest Rate: 3-month LIBOR set on May 31, 1995 Total Amount of OID: N/A
plus .125% Yield to Maturity: N/A
Initial Accrual Period OID
Index Maturity: 3-month LIBOR and Designated Method: N/A
Interest Determination Date: Two London
Spread (Plus or niinus): +.125% business days prior to applicable Interest
Reset Date
Maximum Interest Rate: N/A Interest Reset Period: Two London business
days prior to the applicable Interest Reset
Minimum Interest Rate: N/A Date
Interest Reset Dates: Quarterly on second
Calculation Agent: Society National Bank day of June, September, December and
March (or next New York business day)
Interest Payment Dates: Quarterly on
second day of June, September, December
and March (or next New York business
day)
Calculation Date:
Spread Multiplier: N/A
Telerate Page: 3750
Other Terms (if any): N/A
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<S> <C> <C>
Agent Salomon Brothers Inc Agent's Discount or Commission: $57,850 (.1157%)
-----------
CS First Boston Corporation Trade Date: May 25, 1995
-----------
Goldman, Sachs & Co Proceeds to KeyCorp: $49,942,150
-----------
X J.P. Morgan Securities Inc.
-----------
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<S> <C> <C>
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 for resale to investors and
- -------------- ----------- other purchasers at:
a fixed public offering price of % of the Principal amount
--------- --------
X varying prices related to prevailing market prices at the time of resale
--------- to be determined by such Agent
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