FINANCIAL  INFORMATION

Statement of Consolidated Shareholders' Equity
Cleveland-Cliffs Inc and Consolidated Subsidiaries

	(In Millions)
	Common Shares	Capital in Excess of Par Value of Shares	Retained Income	Common Shares in Treasury	Other Compre-hensive Income	Other	Total
January 1, 1998	$16.8	$69.8	$472.1	$(146.2)	$(2.0)	$(3.1)	$407.4
Comprehensive income
Net income			57.4				57.4
Other comprehensive income
Unrealized loss on securities					(2.3)		(2.3)
Total comprehensive income							55.1
Cash dividends - $1.45 a share			(16.3)				(16.3)
Stock options and other     incentive plans		1.0		1.7			2.7
Repurchases of Common     Shares				(11.5)			(11.5)
Other		.1		.1			.2
December 31, 1998	16.8	70.9	513.2	(155.9)	(4.3)	(3.1)	437.6
Comprehensive income
Net income			4.8				4.8
Other comprehensive income
Unrealized loss on securities					(.9)		(.9)
Total comprehensive income							3.9
Cash dividends – $1.50 a share			(16.7)				(16.7)
Stock options & other     incentive plans		(3.9)		1.7		2.0	(.2)
Repurchases of Common     Shares				(17.2)			(17.2)
Other		.1		(.1)		(.1)	(.1)
December 31, 1999	16.8	67.1	501.3	(171.5)	(5.2)	(1.2)	407.3
Comprehensive income
Net income			18.1				18.1
Other comprehensive income
Unrealized loss on securities					(1.2)		(1.2)
Reclassification adjustment         -loss included in net income					6.4		6.4
Total comprehensive income							23.3
Cash dividends – $1.50 a share			(15.7)				(15.7)
Stock options &other     incentive plans		.1		3.1		(.8)	2.4
Repurchases of Common     Shares				(15.6)			(15.6)
Other		.1		.2			.3
December 31, 2000	$16.8	$67.3	$503.7	$(183.8)	$	$(2.0)	$402.0

*See notes to consolidated financial statements

Top of Page