KEYCORP /NEW/
424B2, 1995-06-21
NATIONAL COMMERCIAL BANKS
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PRICING SUPPLEMENT NO. 3,    DATED: June 21, 1995                                                       RULE 424(b)(2) 
to Prospectus Supplement Dated April 21, 1995                                           REGISTRATION STATEMENT NO. 33-58405
to Prospectus Dated April 21, 1995


                                                              KEYCORP

                                                            $33,000,000
                                                     
                                                /x/ SENIOR MEDIUM-TERM NOTES, SERIES C 
                                                / / SUBORDINATED MEDIUM-TERM NOTES, SERIES B

                /x/ Floating Rate Notes                 / / _____% Fixed Rate Notes
                /x/ Book-Entry Notes                    / / Certificated Notes

       Original Issue Date: June 23, 1995
       Maturity Date: June 23, 2000
       Issue Price: 99.855%
       Paying Agent: Society National Bank

 <S>                                                                                                        <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
                                                       ---------------------


 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




<S>                                                                         <C>
 Initial Interest Rate: 3-month LIBOR set on June 21, 1995                  Total Amount of OID: N/A               
                               plus .4%                                     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 minus): +.4%                                                   business days prior to applicable  Interest       
                                                                                Reset Date                         
 Maximum Interest Rate: 9.5%                                                Interest Reset Period: Two London business          
                                                                               days prior to the applicable Interest Reset
 Minimum Interest Rate: N/A                                                    Date                                
                                                                            Interest Reset Dates: Quarterly on 23rd day
 Calculation Agent: Society National Bank                                      of June, September, December and                  
                                                                               March (or next New York business day) 
                                                                            Interest Payment Dates:  Quarterly on 23rd 
                                                                               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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AGENT:         ______ Salomon Brothers Inc                      Agent's Discount or Commission: $47,850 (.145%)
- -----          ______ CS First Boston Corporation               Trade Date: June 20, 1995                      
               ______ Goldman, Sachs & Co                       Proceeds to KeyCorp: $32,952,150
               ______ J.P. Morgan Securities Inc.                                               
               __X___ PaineWebber Incorporated                                                  
               

______ 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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