Exhibit 10(clxxi)
                                AMENDMENT NO. 2
                                     TO THE
                          RETIREMENT BENEFIT PLAN FOR
                             ALFRED M. RANKIN, JR.
              (As Amended and Restated Effective January 1, 1994)


     NACCO Industries, Inc. hereby adopts this Amendment No. 1 to The Retirement
Benefit Plan for Alfred M. Rankin, Jr. (the "Plan"),  effective as of January 1,
1995.  Words and phrases  used herein with  initial  capital  letters  which are
defined in the Plan are used herein as so defined.


                                   Section 1

     A new Section  3.4(e) is hereby  added to the Plan,  immediately  following
Section 3.4(d), to read as follows:

     "(e) Limitation on Earnings  Assumption.  Notwithstanding  any provision of
the Plan to the  contrary,  in no event will the earnings  rate  credited to the
Participant's Account hereunder exceed 14%."


                  EXECUTED this 30th day of June, 1995.


                                    NACCO INDUSTRIES, INC.

                                    By: Charles A. Bittenbender
                                    Title: Vice President, General Counsel
                                             and Secretary


     The  undersigned  Alfred M. Rankin,  Jr. hereby agrees to the terms of this
Amendment and, in particular,  the retroactive effect for the 1995 calendar year
of the limitation on the earnings assumption.


Date:  August 3, 1995                   Alfred M. Rankin, Jr.
                                        Alfred M. Rankin, Jr.