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
 1. Nature of Operations
 2. Summary of Significant
Accounting Policies
 3. Comprehensive Income
 4. Initial Public Offering
 5. Inventories
 6. Property and Equipment, Net
 7. Notes Receivable and
Leased Assets
 8. Joint Ventures and Dealer
Transitions
 9. Other Assets
10. Short-Term Borrowings and
Long-Term Debt
11. Employee Benefit Plan
Obligations
12. Capital Structure
13. Stock Incentive Plans
14. Other Income, Net
15. Income Taxes
16. Financial, Instruments,
Concentrations of Credit Risk
and Off-Balance-Sheet Risk
17. Commitments
and Contingencies
18. Operating Segments
19. Acquisitions
20. Unaudited Quarterly Results
Report of Independent Certified
  Public Accountants and
  Management's Responsibility
  for Financial Reporting
Directors and Executive



ST E E L C A S E  I N C.
Notes to Consolidated Financial Statements

Note 17

COMMITMENTS AND CONTINGENCIES

The Company leases certain sales offices, showrooms and equipment under non-cancelable operating leases that expire at various dates through 2013. Minimum annual rental commitments under non-cancelable operating leases that have initial or remaining lease terms in excess of one year as of February 25, 2000, are as follows:
(in millions)

Year Ending
Amount
2001
$ 29.5
2002
22.6
2003
19.4
2004
16.6
2005
14.2
Thereafter
24.7

$ 127.0

Rent expense under all operating leases approximated $39.8 million, $42.5 million and $47.0 million for 2000, 1999 and 1998, respectively.

The Company is involved in litigation from time to time in the ordinary course of its business. Based on known information, management believes that the Company is not currently party to any material litigation.