POWER OF ATTORNEY



 KNOW ALL PERSONS BY THESE PRESENTS that the undersigned officer or director of

ALCOA INC., a Pennsylvania corporation (the "Company"), hereby names, appoints and constitutes

the Secretary and each Assistant Secretary of the Company, or any of them, as the duly appointed

attorney-in-fact of the undersigned with full authority and power each to:

       (1)  prepare, sign for and on behalf of the undersigned, and submit to the U.S. Securities

and Exchange Commission (the "SEC") a Form ID, including amendments thereto, and any other

documents necessary or appropriate to obtain codes and passwords, enabling the undersigned to

make electronic filings with the SEC of reports required by Section 16(a) of the Securities Exchange

Act of 1934 and the rules thereunder;

       (2) prepare, and sign for and on behalf of the undersigned, as to any equity securities of the

Company, Forms 3, 4 and/or 5, including amendments thereto, in accordance with Section 16(a) of

the Securities Exchange Act of 1934 and the rules thereunder;

       (3) timely file any such Forms 3, 4 and/or 5, including amendments thereto, with the SEC

and any stock exchange or similar authority and deliver a copy thereof to the Company in care of the

Secretary; and

       (4) take any other action in connection with the foregoing which, in the opinion of such

attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned.

        The undersigned hereby grants to each of such attorneys-in-fact full power and authority to do

and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the

exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the

undersigned might or could do if personally present, hereby ratifying and confirming all that such

attorneys-in-fact shall lawfully do or cause to be done by virtue of this Power of Attorney and the rights

and powers herein granted.  The undersigned acknowledges that the foregoing attorneys-in-fact, in

serving in such capacity at the request of the undersigned, are not assuming, nor is the Company

assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities

Exchange Act of 1934.

       This Power of Attorney shall remain in full force and effect until the undersigned is no longer

required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in

equity securities of the Company, unless earlier revoked by the undersigned in a signed writing

delivered to the foregoing attorneys-in-fact.

 IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be

executed on the date set opposite the signature below.



/s/ E. Stanley O'Neal      Jan. 23, 2008

E. Stanley O'Neal  Date