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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950130-01-505502.txt : 20020411
<SEC-HEADER>0000950130-01-505502.hdr.sgml : 20020411
ACCESSION NUMBER:		0000950130-01-505502
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20011119
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20011119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALCOA INC
		CENTRAL INDEX KEY:			0000004281
		STANDARD INDUSTRIAL CLASSIFICATION:	PRIMARY PRODUCTION OF ALUMINUM [3334]
		IRS NUMBER:				250317820
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-03610
		FILM NUMBER:		1795153

	BUSINESS ADDRESS:	
		STREET 1:		201 ISABELLA ST
		STREET 2:		ALCOA CORPORATE CTR
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15212-5858
		BUSINESS PHONE:		4125532576

	MAIL ADDRESS:	
		STREET 1:		801 ISABELLA ST
		STREET 2:		ALCOA CORPORATE CTR
		CITY:			PITTSBURGH
		STATE:			PA
		ZIP:			15212-5858

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALUMINUM CO OF AMERICA
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>d8k.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>


                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                 ---------------


                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934


       Date of Report (Date of earliest event reported): November 19, 2001


                                   ALCOA INC.

             (Exact name of Registrant as specified in its charter)




           Pennsylvania              1-3610                25-0317820
           ------------              ------                ----------
   (State or Other Jurisdiction    (Commission          (I.R.S. Employer
        of Incorporation)         File Number)       Identification Number)




201 Isabella Street, Pittsburgh, Pennsylvania            15212-5858
- ---------------------------------------------            ----------
  (Address of Principal Executive Offices)               (Zip Code)



                    Office of Investor Relations 212-836-2674
                      Office of the Secretary 412-553-4707
                 ----------------------------------------------
              (Registrant's telephone number, including area code)

<PAGE>

Item 5.    OTHER EVENTS.

            On November 19, 2001, Alcoa Inc. announced restructuring charges.
A copy of the press release is filed herewith as Exhibit 99 and is hereby
incorporated herein by reference.


Item 7.    FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.

            (c) Exhibits

            99      Press Release dated November 19, 2001




                                       2

<PAGE>

                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                   ALCOA INC.

                                   By:  /s/ Donna Dabney
                                        ----------------------------------------
                                        Donna Dabney
                                        Secretary and Assistant General Counsel

Dated:  November 19, 2001




                                       3

<PAGE>

                                INDEX TO EXHIBITS


Exhibit No.                         Description

    99                 Press Release dated November 19, 2001




                                       4


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>dex99.txt
<DESCRIPTION>PRESS RELEASE DATED NOVEMBER, 19 2001
<TEXT>
<PAGE>


                                                                     Exhibit 99


Editorial Contact:         Jake Siewert
                           212-836-2733

Investor Relations:        Charles D. McLane Jr.
                           212-836-2674

Alcoa Completes Strategic Review; Will Take Charge in Fourth Quarter

         PITTSBURGH, November 19, 2001 -- Alcoa announced today that the company
has completed the strategic review of its fabricating businesses that will
result in an after tax charge of $200 to $250 million in the fourth quarter
2001. This charge includes facilities and work force reductions in the Americas
and Europe.

          "As a result of these decisions, Alcoa will emerge stronger, more
competitive and better aligned to meet the needs of our customers," said Alcoa
Chairman and CEO Alain Belda.

         This restructuring is a direct result of the strategic review to
optimize Alcoa's manufacturing system after a recent series of acquisitions. The
2001 fourth quarter charge will affect approximately 6,500 employees at 40
locations. It is expected that approximately half of the charges will be related
to the rationalization of assets, with the remainder principally associated with
employee severance costs. These actions will enable Alcoa to more efficiently
serve customers in the building and construction, automotive, aerospace,
commercial transportation, industrial products and packaging markets.

         Alcoa expects to complete these actions by the end of 2002.

         Alcoa is the world's leading producer of primary aluminum, fabricated
aluminum, and alumina. It has 140,000 employees at more than 500 locations in 38
countries.

                                       ###

Certain statements in this release relate to future events and expectations and
as such constitute forward-looking statements involving known and unknown risks
and uncertainties that may cause actual results, performance or achievements of
Alcoa to be different from those expressed or implied in the forward-looking
statements. Important factors that could cause actual results to differ
materially from those in the forward-looking statements include the company's
inability to achieve the level of cost savings or productivity improvements
anticipated by management, including possible increases in the cost of doing
business resulting from war or terrorist activities; and other risk factors
summarized in Alcoa's SEC reports.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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