Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Thene Tony R
 2. Date of Event Requiring Statement (Month/Day/Year)
01/18/2008		 3. Issuer Name and Ticker or Trading Symbol
ALCOA INC [AA]
(Last)
(First)
(Middle)
201 ISABELLA STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
VP - Controller
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

PITTSBURGH, PA 15212		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 31,595
D
 
Common Stock 197
I
By Company 401(k) Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) 01/12/2002 01/12/2011 Common Stock 5,881 $ 31.4687 D  
Employee Stock Option (right to buy) 01/11/2003 01/11/2012 Common Stock 5,500 $ 36.035 D  
Employee Stock Option (right to buy) 11/25/2001 01/13/2009 Common Stock 3,539 $ 43.25 D  
Employee Stock Option (right to buy) 08/26/2002 01/12/2011 Common Stock 572 $ 37.635 D  
Employee Stock Option (right to buy) 01/17/2008 01/14/2010 Common Stock 4,399 $ 46.5815 D  
Employee Stock Option (right to buy) 12/31/2005(1) 01/15/2010 Common Stock 9,000 $ 35.655 D  
Employee Stock Option (right to buy) 12/31/2005(1) 01/13/2011 Common Stock 10,920 $ 29.54 D  
Phantom Stock Units   (2)   (2) Common Stock 96 $ (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Thene Tony R
201 ISABELLA STREET
PITTSBURGH, PA 15212		       VP - Controller  

Signatures

Brenda Hart (Assistant Secretary), by power of attorney 01/22/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) On November 11, 2005, the Compensation and Benefits Committee of the Board of Directors of Alcoa Inc. approved accelerating the vesting to December 31, 2005 of the unvested stock options granted to employees in 2004 and on January 13, 2005, including these options reported for the reporting person. Under the original vesting schedule, the 2004 and 2005 stock options were to vest 1/3 on the first anniversary of the grant date, 1/3 on the second anniversary of the grant date, and 1/3 on the third anniversary of the grant date.
(2) The phantom stock units were acquired under the Alcoa Deferred Compensation Plan and are to be paid out in cash upon termination of employment with Alcoa.
(3) 1 for 1

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