5

This schedule contains summary financial information extracted from statements of consolidated income, consolidated financial position and computation of earnings per share and is qualified in its entirety by reference to such financial statements.

0000764065 CLEVELAND-CLIFFS INC 1,000,000 12-MOS DEC-31-1997 JAN-01-1997 DEC-31-1997 116 0 73 1 61 266 272 138 694 92 0 0 0 17 390 694 391 456 355 371 9 0 3 73 18 55 0 0 0 55 4.83 4.80