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PRICING SUPPLEMENT NO. 1, DATED: May 8, 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
[ ] Floating Rate Notes [X] 7.0% Fixed Rate Notes
[X] Book-Entry Notes [ ] Certificated Notes
Original Issue Date: May 11, 1995
Maturity Date: May 11, 2005
Issue Price: 99.709%
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: [X] Yes [ ] No Specified Currency (not U.S. Dollars): [ ] Yes [X] No
------------------------- -------------------------------------
Repayment Date(s): May 11, 2000 Authorized Denominations:
Repayment Price(s): 100% of par 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: May 11 and November 11 each year
Regular Record Dates if other than May 16 and November 16: April 15 and October 15 each year
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FLOATING RATE NOTES ONLY
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BASE RATE:
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[ ] CD Rate [ ] Treasury Rate
[ ] Commercial Paper Rate [ ] CMT Rate
[ ] Federal Funds Rate [ ] COFI Rate
[ ] LIBOR [ ] Other (specify):________
[ ] Prime Rate
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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):
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AGENT: ___X__ Salomon Brothers Inc Agent's Discount or Commission: $145,500 (.291%)
- ----- ______ CS First Boston Corporation Trade Date: May 4, 1995
______ Goldman, Sachs & Co Proceeds to KeyCorp: $49,854,500
______ J.P. Morgan Securities Inc.
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______ 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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