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                                                                   Exhibit 10(i)

                            AMENDMENT NUMBER FIVE TO
                  NORTHERN TRUST EMPLOYEE STOCK OWNERSHIP PLAN
               (As Amended and Restated Effective January 1, 2002)

     WHEREAS, The Northern Trust Company (the "Company") maintains the Northern
Trust Employee Stock Ownership Plan, As Amended and Restated Effective January
1, 2002, (the "Plan"); and

     WHEREAS, amendment of the Plan is now considered desirable;

     NOW, THEREFORE, by virtue and in exercise of the amending power reserved to
the Company under Section 13.1 of the Plan, and pursuant to the authority
delegated to the undersigned officer by resolutions of the Board of Directors of
the Company dated February 18, 2003, the Plan is hereby amended effective as of
April 29, 2003, as follows:

1.   The following shall be added as Supplement #5 to the Plan:

                                 "Supplement #5

            Special Rules for Former Employees of Legacy South, Inc.


     This Supplement #5 to the Northern Trust Employee Stock Ownership Plan, As
     Amended and Restated Effective January 1, 2002 (the "Plan"), is made a part
     of the Plan and supersedes any provisions thereof to the extent that they
     are not consistent with the Supplement. Unless the context clearly implies
     or indicates to the contrary, a word, term or phrase used or defined in the
     Plan is similarly used or defined for purposes of this Supplement #5.

     1.   Application. This Supplement supplements and modifies the provisions
          of the Plan in connection with the employment by Northern Trust Bank,
          Federal Savings Bank ("NTB") (or the Company or another Participating
          Employer) of the former employees of Legacy South, Inc. ("Legacy
          South") who are listed on Schedule 6.1 of a Stock Purchase Agreement
          dated as of November 22, 2002 among the individual owners of all of
          the stock of Legacy South, Northern Trust Corporation and NTB (the
          "Agreement") pursuant to which NTB is purchasing all of the stock of
          Legacy South.

     2.   Effective Date. The effective date of this Supplement #5 is April 29,
          2003.

     3.   Legacy South Member. The term "Legacy South Member" means any employee
          of Legacy South who is listed on Schedule 6.1 of the Agreement
          (including an employee hired by Legacy South after the execution of
          the Agreement but before the Closing Date, as defined in the
          Agreement) who becomes an employee of NTB (or the Company or another
          Participating Employer) on the Closing Date, pursuant to Section 6.1
          of the Agreement, when NTB acquires the stock of Legacy South.

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     4.   Participation and Vesting Service. Anything in the Plan to the
          contrary notwithstanding, for purposes of determining (a) eligibility
          to become a Participant in the Plan pursuant to section 3.1 of the
          Plan and (b) the Vested Portion of a Legacy South Member's Account
          pursuant to section 2.1(ww) of the Plan, a Legacy South Member's
          Vesting Service shall be calculated as if his or her employment with
          Legacy South had been employment with the Company or a Participating
          Employer."

2.   The following shall be added at the end of Schedule A of the Plan:

--------------------------------------------------------------------------------
   "Affiliate Name & Acq. Code                 ESOP Earliest Vesting Date
--------------------------------------------------------------------------------
Legacy South Agreement              LS      Service Date with Legacy South for
Dated 11/22/02.  Applicable                 participation and vesting."
to Legacy South Members as
defined in Supplement #5.
Acquired:  04/29/03
Joined Benefits and Payroll:  04/30/03

--------------------------------------------------------------------------------


     IN WITNESS WHEREOF, the Company has caused this amendment to be executed on
its behalf effective as of April 29, 2003.

                                         THE NORTHERN TRUST COMPANY



                                         By:      /s/ Martin J. Joyce, Jr.
                                            ------------------------------------
                                         Name:  Martin J. Joyce, Jr.
                                         Title: Senior Vice President

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