Sec Form 4 Filing - Tauber Joel D @ KEYCO BOND FUND INC - 2005-01-24

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Name and Address of Reporting Person Tauber Joel D 2. Issuer Name and Ticker or Trading Symbol KEYCO BOND FUND INC [ N/A] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner X __ Officer (give title below) _____ Other (specify below) President (Last) (First) (Middle) 2991 LONG RIDGE COURT, 3. Date of Earliest Transaction (MM/DD/YY) 01/24/2005 (Street) WEST BLOOMFIELD, MI48323-1930 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 01/24/2005 J( 1 ) 12,857 D 197,169 I Held in trusts ( 3 ) Common Stock 358,233 I Held in trusts ( 4 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Tauber Joel D 2991 LONG RIDGE COURT WEST BLOOMFIELD, MI48323-1930 X President Tauber Shelby M 150 EAST 69TH STREET APARTMENT 27H NEW YORK, NY10021-5704 X Signatures /S/ JOEL D. TAUBER /S/ SHELBY M. TAUBER 01/24/2005 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The 12,857 shares of common stock held in the Benjamin Brian Tauber Irrevocable Trust U/A/D 5/22/1984, of which trust the reporting persons are co-trustees, were transferred to the Benjamin Brian Tauber Revocable Trust U/A/D 2/4/2004, of which trust Benjamin B. Tauber is the sole trustee. The reporting persons no longer have any indirect beneficial interest in such shares. ( 2 )Shares were transferred from one trust to another without a price. ( 3 )With respect to Joel D. Tauber, consists of (a) 65,840 shares of common stock held by the Joel D. Tauber Trust U/A/D 3/3/1972, of which trust he is the sole trustee, (b) 77,852 shares of common stock held by the Julie K. Tauber Trust U/A/D 8/11/1986, of which trust Shelby M. Tauber and Joel D. Tauber are co-trustees and (b) 53,477 shares of common stock held by the Ellen T. Horing Trust U/A/D 9/12/1983, of which trust Shelby M. Tauber and Joel D. Tauber are co-trustees. ( 4 )With respect to Shelby M. Tauber, consists of (a) 226,904 shares of common stock held by the Shelby M. Tauber Trust U/A/D 10/03/1984, of which trust Shelby M. Tauber is the sole trustee, (b) 77,852 shares of common stock held by the Julie K. Tauber Trust U/A/D 8/11/1986, of which trust Shelby M. Tauber and Joel D. Tauber are co-trustees and (b) 53,477 shares of common stock held by the Ellen T. Horing Trust U/A/D 9/12/1983, of which trust Shelby M. Tauber and Joel D. Tauber are co-trustees.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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