ÐÇ¿Õ´«Ã½

FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Ìý Carrabba Joseph A
2. Date of Event Requiring Statement (Month/Day/Year)
05/23/2005
3. Issuer Name and Ticker or Trading Symbol
CLEVELAND CLIFFS INC [CLF]
(Last)
(First)
(Middle)
1100 SUPERIOR AVENUE,Ìý15TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
5. If Amendment, Date Original Filed(Month/Day/Year)
05/25/2005
(Street)

°ä³¢·¡³Õ·¡³¢´¡±·¶Ù,Ìý°¿±áÌý44114
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Retention Units 2005-2007 (1) Ìý (2) Ìý (2) Common Shares 570 $ 0 D Ìý

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Carrabba Joseph A
1100 SUPERIOR AVENUE
15TH FLOOR
°ä³¢·¡³Õ·¡³¢´¡±·¶Ù,Ìý°¿±áÌý44114
Ìý X Ìý Ìý Chief Executive Officer Ìý

Signatures

George W. Hawk, Jr. by Power of Attorney 09/01/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The grant of 570 Retention Units to the Reporting Person under the ÐÇ¿Õ´«Ã½ Inc ("Company") Long-Term Incentive Program covers the period January 1, 2005 through December 31, 2007 ("Retention Period"), not January 1, 2004 through December 31, 2006 as originally reported in error.
(2) Payment of the Retention Units will be made in cash after the completion of the Retention Period based upon the employment by the Company of the Reporting Person and the market value of a Common Share of the Company on the last day of the Retention Period.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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