We present Key-Value Means ("KVM"), a novel block-recurrence for attention that can accommodate either fixed-size or growing state. Equipping a strong transformer baseline with fixed-size KVM attention layers yields a strong O(N) chunked RNN, while adding only an insignificant number of new parameters. We train a transformer with a growable KVM cache and show it performs competitively on long-context tests with only subquadratic prefill time and sublinear state growth. KVM is implementable with standard operations and without custom kernels, and supports chunk-wise parallelizable training and prefill. It provides many of the benefits of both traditional transformers (expandable context memory, chunk-wise parallelizable training and prefill) and linear RNNs in a single unified package. It can be used on every layer, saving KV-cache memory, and allowing a continuous range of choices of prefill time complexity between O(N) and O(N^2). It can also be implemented in a hybrid solution in tandem with LRNN layers in place of traditional attention, to supplement the LRNN with improved sublinear memory growth context length usage and long context decoding. We release our code at https://github.com/recursal/KVM-paper and trained models at https://huggingface.co/collections/recursal/key-value-means under the Apache 2.0 license.