FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN 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 *
MCALLISTER FRANCIS R
   2. Issuer Name and Ticker or Trading Symbol
CLEVELAND CLIFFS INC [CLF] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
536 EAST PIKE, P.O. BOX 1330		 3. Date of Earliest Transaction (Month/Day/Year)
12/28/2004
(Street)

COLUMBUS, MT 53019		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/28/2004   M   12,000 A $ 0 12,112.611 D  
Common Stock 12/29/2004   M   500 A $ 41.6875 12,612.611 D  
Common Stock 12/29/2004   S   1,800 D $ 106.89 10,812.611 D  
Common Stock 12/29/2004   S   400 D $ 107.41 10,412.611 D  
Common Stock 12/29/2004   S   100 D $ 107.46 10,312.611 D  
Common Stock 12/29/2004   S   200 D $ 107.5 10,112.611 D  
Common Stock 12/29/2004   S   100 D $ 107.52 10,012.611 D  
Common Stock 12/29/2004   S   200 D $ 107.63 9,812.611 D  
Common Stock 12/29/2004   S   400 D $ 107.64 9,412.611 D  
Common Stock 12/29/2004   S   300 D $ 107.65 9,112.611 D  
Common Stock 12/29/2004   S   1,000 D $ 107.67 8,112.611 D  
Common Stock 12/29/2004   S   100 D $ 107.7 8,012.611 D  
Common Stock 12/29/2004   S   100 D $ 107.71 7,912.611 D  
Common Stock 12/29/2004   S   900 D $ 107.72 7,012.611 D  
Common Stock 12/29/2004   S   400 D $ 107.78 6,612.611 D  
Common Stock 12/29/2004   S   400 D $ 107.79 6,212.611 D  
Common Stock 12/29/2004   S   300 D $ 107.8 5,912.611 D  
Common Stock 12/29/2004   S   200 D $ 107.84 5,712.611 D  
Common Stock 12/29/2004   S   1,600 D $ 107.85 4,112.611 D  
Common Stock 12/29/2004   S   100 D $ 107.86 4,012.611 D  
Common Stock 12/29/2004   S   100 D $ 107.88 3,912.611 D  
Common Stock 12/29/2004   S   100 D $ 107.9 3,812.611 D  
Common Stock 12/29/2004   S   600 D $ 107.91 3,212.611 D  
Common Stock 12/29/2004   S   100 D $ 107.95 3,112.611 D  
Common Stock 12/29/2004   S   3,000 D $ 108.1 112.611 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options (right-to -buy) $ 41.6875 12/29/2004   M     500 11/14/1996 05/14/2006 Common Shares 500 $ 0 0 D  
Stock Units (1) 12/28/2004   M(2)     12,000   (3)   (3) Common Shares 12,000 $ 0 2,047.8126 D  
Stock Units (1) 12/28/2004   D(4)     766   (3)   (3) Common Shares 766 $ 0 1,281.8126 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MCALLISTER FRANCIS R
536 EAST PIKE
P.O. BOX 1330
COLUMBUS, MT 53019		   X      

Signatures

 George W. Hawk; by Power of Attorney   12/30/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Convertible into Common Shares on a 1-for-1 basis.
(2) Reflects distribution of Common Shares to the Reporting Person from the Cleveland-Cliffs Inc Nonemployee Directors' Compensation Plan ("Plan").
(3) Stock Units reflect Common Shares underlying deferred compensation credited to the account of the Reporting Person in payment of 100% of the Reporting Person's Meeting Fees and Retainer fees under the Plan. Each Stock Unit is generally distributable following termination of service as a Director.
(4) Reflects forfeiture of stock to the Issuer pursuant to the terms of the Plan in connection with pre-termination distribution.

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