Exhibit 10(j)(1)

                        AMENDMENTS TO
              ALCOA DEFERRED COMPENSATION PLAN


1.  Effective January 1, 1993, the Alcoa Deferred
Compensation Plan is revised to delete paragraph Section
7.1(e) in its entirety.

2.  Effective October 30, 1992, the Alcoa Deferred
Compensation Plan is revised to delete Section 8.3 in its
entirety and replace it with the following:

    8.3   Prior to his or her retirement date, a
Participant may elect that the value of his or her account
be distributed either in a lump sum at retirement or in
annual installments of any number designated by the
Participant up to, but not more than ten (10) following his
or her retirement, commencing the January 31 of the first
calendar year following such retirement and each January 31
thereafter until he or she has received all installments.
A Participant's election to receive installments must be
made at least one year prior to his or her retirement date.
The Participant's election to receive either a lump sum or
annual installments shall become irrevocable one year prior
to the Participant's retirement date, or at such other time
as may be approved by the Committee.  In the event the
Participant fails to make such an election, all amounts in
his or her account shall be distributed as a lump sum
distribution as soon as administratively practical after
his or her retirement.

3.  Effective February 1, 1994, the Alcoa Deferred
Compensation Plan is revised to add a new section 3.5 as
follows:

     3.5  A Participant who is authorized by the Inside
Director Committee and who by proper election has deferred
the receipt of any "special payments" (as determined by the
Company), shall have his or her account credited in an
amount equal to the amount of such deferral.  Such special
payment credits shall be treated as Incentive Compensation
Deferral Credits.

4.  Effective January 1, 1995, the Alcoa Deferred
Compensation Plan is amended by deleting the definition of
"Savings Plan" in its entirety, and replacing it with the
following:

    "Savings Plan" means the Alcoa Savings Plan for Non-
Bargaining Employees and/or the Alcoa Savings Plan for
Stolle Employees, as they are now in existence or as
hereafter amended.

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