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I dont think the 01 trucks have chipped keys. It is fairly obvious if they do. The platic head of the key will be about a 1/4 thick. A normal key is only about 1/8 thick. If the key you have has a metal head (no black plastic) than just go get a duplicate just about anywhere. A locksmith will make you a better key than a hardware store. If the key looks warn (the cut of the key look rounded) take it to a locksmith shop and ask to have a code cut key made from the current key. They will read the cuts off the old key and make a code key (cut to factory specs). It would be like the key when you first bought the truck.
PATS stand for Passive, Anti, Theift, System. They are very complicated. Keys need to be programmed to run the vehichle. However, if you just want a spare key in case you get locked out than just get a basic duplicate. It will open all the doors and turn on the truck accessories (radio and what not) but wont start the truck.
Also, I have found that if you get locked out alot. Drill a hole through the head of your spare key and put it behind the license plate, using the top screw. Licence plate screws are almost always flat head so you can unsrcew them with a penny or something.
2001 Ford F350 Lariat Crew Cab Long Bed
7.3 PowerStroke Diesel
285 75 16 Goodyear Wrangler Silent Armor Pro E
4" Turbo back exhaust w/flow thru muffler
EGT Temp./Trans. Temp./Boost gauges
Air Lift air bags