Revolution Work Transformation
From the Personal Harbor
  of Jim Hackett
The Road to Six Billion and Beyond
The Six Growth Strategies Illustrated
Information for Our Investors
Steelcase Offerings Around
  the World
Financial Highlights
MD&A
Consolidated Statements of Income
Consolidated Balance Sheets
Consolidated Statements of Changes   in Shareholders' Equity
Consolidated Statements of Cash
  Flows
Notes to Consolidated Financial
  Statements
Report of Independent Certified
  Public Accountants and
  Management's Responsibility
  for Financial Reporting
Directors and Executive Officers



ST E E L C A S E  I N C.
Consolidated Statements of Changes in Shareholders' Equity

(in millions)

Common Stock

 Accumulated Other
Comprehensive		 Retained Total
Shareholders'		 Total
Comprehensive

Class A

Class B

 Income (Loss) Earnings Equity Income
February 28, 1997

$ —)

$408.9)

$ (0.1)

$971.2)

$ 1,380.0)
Common stock conversion

36.9)

(36.9)

—
Common stock repurchase

(43.5)

(43.5)
Employee stock grant

4.2)

4.2)
Other comprehensive income

(14.4)

(14.4)

$ (14.4)
Dividends paid

(210.9)

(210.9)
Net income

217.0)

217.0)

217.0)
February 27, 1998

41.1)

328.5)

(14.5)

977.3)

1,332.4)

$ 202.6)
Common stock conversion

27.1)

(27.1)

—
Common stock repurchase

(15.0)

(15.0)
Common stock issuance

24.8)

24.8)
Other comprehensive income

(0.5)

(0.5)

$ (0.5)
Dividends paid

(63.1)

(63.1)
Net income

221.4)

221.4)

221.4)

February 26, 1999

78.0)

301.4)

(15.0)

1,135.6)

1,500.0)

$ 220.9)
Common stock conversion

22.8)

(22.8)

—
Common stock repurchase

(18.4)

(18.3)
)

(36.7)
Other comprehensive income

(18.0)

(18.0)

$ (18.0)
Dividends paid

(67.3)

(67.3)
Net income

184.2)

184.2)

184.2)
February 25, 2000

$ 82.4)

$ 260.3)

$ (33.0)

$1,252.5)

$ 1,562.2)

$166.2)
The accompanying notes are an integral part of these consolidated financial statements.