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July 21, 1997

Raymond B. Mitchell Named Alcoa Assistant Controller

PITTSBURGH--July 21, 1997-- Alcoa announces that Raymond B. Mitchell, 39, will become assistant controller, Financial Analysis & Planning on August 1, 1997. He has worked as manager of Corporate Development since joining Alcoa in May 1994.

Prior to joining Alcoa, he was director of Finance, Large Scale Computing Division for IBM in Poughkeepsie, New York. He held numerous financial positions during his 12 years with IBM and has extensive business planning and analysis experience. Mr. Mitchell received a B.A. in economics and mathematics from Dickinson College in 1980 and an MBA from the Amos Tuck School of Business at Dartmouth College in 1982.

Mr. Mitchell his wife, Katherine, and their two children reside in Pittsburgh.