Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 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 *
RANKIN CHLOE O
   2. Issuer Name and Ticker or Trading Symbol
NACCO INDUSTRIES INC [NC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Member of a Group
(Last)
(First)
(Middle)
5875 LANDERBROOK DRIVE, SUITE 300		 3. Date of Earliest Transaction (Month/Day/Year)
11/15/2004
(Street)

MAYFIELD HEIGHTS, OH 44124		 4. If Amendment, Date Original Filed(Month/Day/Year)
11/15/2004		 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
Class A Common Stock               1,779 I By Assoc II (1)
Class A Common Stock               6,596 I By Assoc II/Daughter 2 (2)
Class A Common Stock               3,096 I By Assoc II/Daughter1 (3)
Class A Common Stock               3,596 I By Assoc II/Son (4)
Class A Common Stock (5) 10/25/2004 10/25/2004 G   18,581 A (6) 26,789 I By Assoc II/Spouse (7)
Class A Common Stock               4,850 I By Custodian For Child (8)
Class A Common Stock               2,000 I By Spouse/RMI (Delaware) (9)
Class A Common Stock (5) 11/12/2004 11/12/2004 S   1,000 D $ 102.7 38,523 I By Spouse/Trust (10)
Class A Common Stock (5)               9,295 I By Trust (11)
Class A Common Stock               10,124 I By Trust (Daughter1) (12)
Class A Common Stock               7,790 I By Trust/Son (13)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Class B Common Stock (5) (6) 10/25/2004 10/25/2004 G   3,934     (6)   (6) Class A Common Stock 3,934 (6) (6) 28,934 I By Assoc I/Spouse (14)
Class B Common Stock (6)               (6)   (6) Class A Common Stock (6)   97,312 I By Spouse/Trust (10)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
RANKIN CHLOE O
5875 LANDERBROOK DRIVE
SUITE 300
MAYFIELD HEIGHTS, OH 44124		       Member of a Group

Signatures

 Charles A. Bittenbender/Attorney-in-fact   01/20/2005
**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) Represents the Reporting Person's proportionate limited partnership interests in shares held by Rankin Associates II, L.P.-------
(2) Represents the Reporting Person's daughter's proportionate limited partnership interest in shares held by Rankin Associates II, L.P. Reporting Person's spouse is custodian for the Daughter. Reporting Person disclaims beneficial ownership of all such shares.
(3) Represents the Reporting Person's daughter's proportionate limited partnership interest in shares held by Rankin Associates II, L.P. which is held in a trust for the benefit of the daughter. Reporting Person's spouse is the co-trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(4) Represents the Reporting Person's son's proportionate limited partnership interest in shares held by Rankin Associates II, L.P. which is held in a trust for the benefit of the son. Reporting Person's Spouse is the co-trustee of the Trust. Reporting Person disclaims beneficial ownership of all such shares.
(5) As a member of a "group" deemed to own more than 10% of an equity security as a result of being a party to a Stockholders' Agreement, dated as of March 15, 1990, beneficially owned by each of the signatories to such agreement (the "Agreement"), the Reporting Person disclaims beneficial ownership of any such shares of Stock owned by any other signatory to the Agreement.
(6) N/A
(7) Represents the Reporting Person's spouse's proportionate limited partnership interest in shares held by Rankin Associates II, L.P . Reporting Person disclaims beneficial ownership of all such shares.
(8) Held by Reporting Person's spouse as custodian for Daughter. Reporting Person disclaims beneficial ownership of all such shares.
(9) Represents the Reporting Person's spouse's proportionate interest in shares held by Rankin Management, Inc. ("RMI). Reporting Pe rson disclaims beneficial ownership of all such shares.
(10) Reporting Person's spouse serves as Trustee of a Trust for the benefit of Claiborne R. Rankin. Reporting Person disclaims benef icial ownership of all such shares.
(11) Reporting Person serves as Trustee of a Trust for the benefit of Chloe O. Rankin.
(12) Held by Trust, Reporting Person's spouse is Trustee for the benefit of Reporting Person's daughter. Reporting Person disclaims beneficial ownership of all such shares.
(13) Held by Trust, Reporting Person's spouse is Trustee for the benefit of Reporting Person's son. Reporting Person disclaims benef icial ownership of all such shares.
(14) Represents the Reporting Person's spouse proportionate limited partnership interest in shares held by Rankin Associates I, L.P. Reporting Person disclaims beneficial ownership of all such shares.

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