X0201 42004-01-12 0000004281 ALCOA INC AA 0001268015 REITAN BERNT 201 ISABELLA STREET PITTSBURGH PA 15212 0100Executive Vice PresidentCommon Stock2004-01-124M01160031.4687A11600DCommon Stock2004-01-124S01160035.9542D0DCommon Stock2004-01-124M03513422.555A35134DCommon Stock2004-01-124S03513435.9542D0DEmployee Stock Option (right to buy)31.46872004-01-124M011600D2002-01-122011-01-12Common Stock116000DEmployee Stock Option (right to buy)22.5552004-01-124M035134D2004-01-102013-01-10Common Stock3513470266DEmployee stock options are granted without payment of consideration.In the aggregate, a total of 138,666 employee stock options (with various exercise prices and expiration dates) were beneficially owned by the reporting person as of the date of this report.Brenda Hart (Assistant Secretary), by the power of attorney2004-01-14