Exhibit 10(b)

                     Amendment No. 1 to ÐÇ¿Õ´«Ã½ Inc
               Voluntary Non-Qualified Deferred Compensation Plan
                (amended and restated effective December 1, 1996)


                  ÐÇ¿Õ´«Ã½ Inc ("ÐÇ¿Õ´«Ã½") hereby amends the
ÐÇ¿Õ´«Ã½ Voluntary Non-Qualified Deferred Compensation Plan (as amended
and restated effective December 1, 1996) (the "Plan") pursuant to Paragraph 9.1.
as follows:

         1.       Paragraph 6.5(c) of the Plan is amended by inserting the words
"or inactive" after the word "active" and before the word "Employee" in the last
proviso of such paragraph.

                  IN WITNESS WHEREOF, ÐÇ¿Õ´«Ã½ Inc pursuant to the order
of its Board of Directors, has executed this Amendment No. 1 to the Plan this
31st day of March, 1998, to be effective November 1, 1997.

                                           CLEVELAND-CLIFFS INC



                                           By: /s/ R F Novak
                                              --------------------------------
                                              Vice President - Human Resources