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                                                                  Exhibit 10 (n)

                              TRUST AGREEMENT NO. 1
                              ---------------------

                Amendments to Exhibits Effective January 1, 2000


         This Amendment to Exhibits to Trust Agreement No. 1 is made as of
January 1, 2000 by and between Cleveland-Cliffs Inc, an Ohio corporation
("Cleveland-Cliffs"), and Key Trust Company of Ohio, N.A., a national banking
association, as Trustee (the "Trustee").

                              W I T N E S S E T H:
                               -------------------

         WHEREAS, on June 12, 1997 Cleveland-Cliffs and the Trustee entered into
an Amended and Restated Trust Agreement No. 1;

         WHEREAS, Section 12 of the Trust Agreement No. 1 provides that such
Trust Agreement may be amended by Cleveland-Cliffs and the Trustee; and

         WHEREAS, Section 9(c) of the Trust Agreement No. 1 provides that
Exhibit A thereto may be amended by Cleveland-Cliffs by furnishing to the
Trustee an amendment thereto.

         NOW, THEREFORE, the parties amend Exhibit B to the Trust Agreement No.
1, and Cleveland-Cliffs furnishes the following Amendment to Exhibit A to Trust
Agreement No. 1 as follows:

         1. Exhibit A is amended to read as attached hereto.

         2. Exhibit B is amended to read as attached hereto.

         IN WITNESS WHEREOF, Cleveland-Cliffs and the Trustee have caused
counterparts of this Amendment to be executed on their behalf on February,
15, each of which shall be an original Amendment.

                                       CLEVELAND-CLIFFS INC

                                       By: /s/ Richard F. Novak
                                          ------------------------------------
                                         Its: Vice President - Human Resources
                                             ---------------------------------
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                                           KEY TRUST COMPANY OF OHIO, N.A.,

                                                              as Trustee

                                           By: /s/ Kelley Clark
                                             -------------------------------
                                             Its: Vice President
                                                 ---------------------------

                                           By: /s/ Margaret Halloran
                                              ------------------------------
                                             Title: Assistant Vice President
                                                   -------------------------


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                                    Exhibit A
                                    ---------


John S. Brinzo
William R. Calfee
Thomas J. O'Neil
Cynthia B. Bezik
Joseph H. Ballway, Jr.



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                                   EXHIBIT B

         "Change of Control" means the occurrence of any of the following
         events:

                           1. The acquisition by any individual, entity or group
         (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange
         Act) (a "Person") of beneficial ownership (within the meaning of Rule
         13d-3 promulgated under the Exchange Act) of 30% or more of the
         combined voting power of the then outstanding Voting Stock of
         Cleveland-Cliffs; provided, however, that for purposes of this Section
         1(d)(i), the following acquisitions shall not constitute a Change in
         Control: (A) any issuance of Voting Stock of Cleveland-Cliffs directly
         from Cleveland-Cliffs that is approved by the Incumbent Board (as
         defined in Section 1(d)(ii), below), (B) any acquisition by
         Cleveland-Cliffs of Voting Stock of Cleveland-Cliffs, (C) any
         acquisition of Voting Stock of Cleveland-Cliffs by any employee benefit
         plan (or related trust) sponsored or maintained by Cleveland-Cliffs or
         any Subsidiary, or (D) any acquisition of Voting Stock of
         Cleveland-Cliffs by any Person pursuant to a Business Combination that
         complies with clauses (A), (B) and (C) of Section 1(d)(iii), below; or

                           2. individuals who, as of the date hereof,
         constitute the Board (the "Incumbent Board") cease for any reason to
         constitute at least a majority of the Board; provided, however, that
         any individual becoming a Director subsequent to the date hereof whose
         election, or nomination for election by Cleveland-Cliffs's
         shareholders, was approved by a vote of at least a majority of the
         Directors then comprising the Incumbent Board (either by a specific
         vote or by approval of the proxy statement of Cleveland-Cliffs in which
         such person is named as a nominee for director, without objection to
         such nomination) shall be deemed to have been a member of the Incumbent
         Board, but excluding, for this purpose, any such individual whose
         initial assumption of office occurs as a result of an actual or
         threatened election contest (within the meaning of Rule 14a-11 of the
         Exchange Act) with respect to the election or removal of Directors or
         other actual or threatened solicitation of proxies or consents by or on
         behalf of a Person other than the Board; or

                           3. consummation of a reorganization, merger or
         consolidation involving Cleveland-Cliffs, a sale or other disposition
         of all or substantially all of the assets of Cleveland-Cliffs, or any
         other transaction involving Cleveland-Cliffs (each, a "Business
         Combination"), unless, in each case, immediately following such
         Business Combination, (A) all or substantially all of the individuals
         and entities who were the beneficial owners of Voting Stock of
         Cleveland-Cliffs immediately prior to such Business Combination
         beneficially own, directly or indirectly, more than 55% of the combined
         voting power of the then outstanding shares of Voting Stock of the
         entity resulting from such Business Combination (including, without
         limitation, an entity which as a result of such transaction owns
         Cleveland-Cliffs or all or substantially all of Cleveland-Cliffs's
         assets either directly or through one or more subsidiaries) in
         substantially the same proportions relative to each other as their
         ownership, immediately prior to such Business Combination, of the
         Voting Stock of Cleveland-Cliffs, (B) no Person (other than
         Cleveland-Cliffs, such entity resulting from such Business Combination,
         or any employee benefit plan (or related trust)



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         sponsored or maintained by Cleveland-Cliffs, any Subsidiary or such
         entity resulting from such Business Combination) beneficially owns,
         directly or indirectly, 30% or more of the combined voting power of the
         then outstanding shares of Voting Stock of the entity resulting from
         such Business Combination, and (C) at least a majority of the members
         of the Board of Directors of the entity resulting from such Business
         Combination were members of the Incumbent Board at the time of the
         execution of the initial agreement or of the action of the Board
         providing for such Business Combination; or

                           4. approval by the shareholders of Cleveland-Cliffs
         of a complete liquidation or dissolution of Cleveland-Cliffs, except
         pursuant to a Business Combination that complies with clauses (A), (B)
         and (C) of Section 1(d)(iii).