UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Crane Co
(Name of Issuer)
Common Stock
(Title of Class of Securities)
224399105
(CUSIP Number)
February 28, 2005
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[X]
Rule 13d-1(b)
[ ]
Rule 13d-1(c)
[ ]
Rule 13d-1(d)
*The remainder of this cover page shall be filled out
for a reporting person's initial filing on this form
with respect to the subject class of securities,
and for any subsequent amendment containing information
which would alter the disclosures provided in a prior
cover page.
The information required in the remainder of this cover
page shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).
CUSIP No: 224399105
1.
Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
KeyCorp
I.R.S. Employer Identification No. 34-1784820
2.
Check the Appropriate Box if a Member of a Group
(See Instructions)
(a)
Not Applicable
(b)
Not Applicable
3.
SEC Use Only
4.
Citizenship or Place of Organization
State of Ohio
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5.
Sole Voting Power
8,289,587
6.
Shared Voting Power
6,715
7.
Sole Dispositive Power
8,289,587
8.
Shared Dispositive Power
0
9.
Aggregate Amount Beneficially Owned by Each Reporting Person
8,296,302
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)
Not Applicable
11.
Percent of Class Represented by Amount in Row (9)
14.05%
12.
Type of Reporting Person (See Instructions)
HC
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Item 1.
(a)
Name of Issuer
Crane Co
(b)
Address of Issuer's Principal Executive Offices
100 First Stamford Place
Stamford, CT 06902
Item 2.
(a)
Name of Person Filing
KeyCorp
(b)
Address of Principal Business Office or, if none, Residence
127 Public Square
Cleveland, OH 44144-1306
(c)
Citizenship
United States, State of Ohio
(d)
Title of Class of Securities
Common Stock
(e)
CUSIP Number
224399105
Item 3.
If this statement is filed pursuant to sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(g)
[ X]
A parent holding company or control person in
accordance with section 240.13d-1(b)(1)(ii)(G);
Item 4.
Ownership.
Provide the following information regarding the
aggregate number and percentage of the class of
securities of the issuer identified in Item 1.
(a)
Amount beneficially owned: 8,296,302
(b)
Percent of class: 14.05%
(c)
Number of shares as to which the person has:
(i)
Sole power to vote or to direct the vote
8,289,587
(ii)
Shared power to vote or to direct the vote
6,715
(iii)
Sole power to dispose or to direct the disposition of
8,289,587
(iv)
Shared power to dispose or to direct the disposition of
0
Item 5.
Ownership of Five Percent or Less of a Class
If this statement is being filed to report the
fact that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five percent
of the class of securities, check the following [ ].
Not Applicable
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive
or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities, a statement to that
effect should be included in response to this item and, if such
interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders
of an investment company registered under the Investment Company
Act of 1940 or the beneficiaries of employee benefit plan, pension
fund or endowment fund is not required.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding Company
If a parent holding company has filed this schedule, pursuant to
Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach
an exhibit stating the identity and the Item 3 classification
of the relevant subsidiary. If a parent holding company has filed
this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach
an exhibit stating the identification of the relevant subsidiary.
Identification: KeyBank National Association
Classification: (B) Banks as defined by Section 3 (A) (6) of the act
Identification: Victory Capital Management, Inc.
Classification: Registered investment advisor
Item 8.
Identification and Classification of Members of the Group
If a group has filed this schedule pursuant to section 240.
13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an
exhibit stating the identity and Item 3 classification of
each member of the group. If a group has filed this schedule
pursuant to section 240.13d-1(c) or section 240.13d-1(d), attach
an exhibit stating the identity of each member of the group.
Not Applicable
Item 9.
Notice of Dissolution of Group
Notice of dissolution of a group may be furnished as an exhibit
stating the date of the dissolution and that all further filings
with respect to transactions in the security reported on will
be filed, if required, by members of the group, in their
individual capacity. See Item 5.
Not Applicable
Item 10.
Certification
(b)
The following certification shall be included if the
statement is filed pursuant to section 240.13d-1(c):
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose
or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in
this statement is true, complete and correct.
__March 10, 2005_________________
Date
__/s/ Diane L Wozniak____________
Signature
__Diane L Wozniak, Vice President__
Name/Title