<PAGE> 1
<TABLE>
<S> <C>
PRICING SUPPLEMENT NO. 1, DATED: October 20, 1999 RULE 424(b)(2)
to Prospectus Supplement Dated September 13, 1996 REGISTRATION STATEMENT NO. 333-10577
to Prospectus Dated September 13, 1996
</TABLE>
KEYCORP
$100,000,000
[X] SENIOR MEDIUM-TERM NOTES, SERIES D
[ ] SUBORDINATED MEDIUM-TERM NOTES, SERIES C
[X] Floating Rate Notes [ ] % Fixed Rate Notes
[X] Book-Entry Notes [ ] Certificated Notes
Original Issue Date: October 22, 1999
Maturity Date: October 23, 2000
Issue Price: 99.98042%
Paying Agent: Bankers Trust Company
Authenticating Agent: Bankers Trust Company
<TABLE>
<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
Length of Extension Period: [ ] Yes [X] No
Minimum Denominations: [ ] $100,000 [X] $1,000 [ ] Other:
</TABLE>
FIXED RATE NOTES ONLY
---------------------
Interest Computation Period:
Interest Payment Dates:
Regular Record Dates if other than May 16 and November 16:
<PAGE> 2
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
<TABLE>
<S> <C>
Initial Interest Rate: 3-month LIBOR effective on Total Amount of OID: n/a
October 20, 1999 + .20%
Yield to Maturity: n/a
Index Maturity: 3-month LIBOR Initial Accrual Period OID
and Designated Method: n/a
Interest Determination Date: Two London business
days prior to each Interest Reset Date
Spread (Plus or minus): plus .20% Interest Reset Period: Quarterly
Interest Reset Dates: Quarterly on the 23rd day of each
January, April, July and October
Maximum Interest Rate: n/a Interest Payment Dates: Quarterly on the 23rd day of each
January, April, July and October, commencing on January
23, 2000
Calculation Date: n/a
Minimum Interest Rate: n/a Spread Multiplier: n/a
Telerate Page: 3750
Calculation Agent: KeyBank National Association Other Terms (if any): n/a
AGENT: [X] Salomon Smith Barney Inc. Agent's Discount or Commission: .01958% ($19,580)
[ ] Chase Securities Inc. Trade Date: October 19, 1999
[ ] Citicorp Securities, Inc. Proceeds to KeyCorp: $99,980,420
[ ] Credit Suisse First Boston Corporation
[ ] Goldman, Sachs & Co.
[ ] J.P. Morgan Securities Inc.
[ ] Other _________________________
[ ] 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
</TABLE>
