CHS INC
AMENDMENT NO. 1 TO THE TRUST AGREEMENT
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<TYPE>EX-10.11A
<SEQUENCE>8
<FILENAME>c87975exv10w11a.htm
<DESCRIPTION>AMENDMENT NO. 1 TO THE TRUST AGREEMENT
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<P align="right" style="font-size: 10pt">EXHIBIT 10.11A



<P align="center" style="font-size: 10pt"><B>AMENDMENT NO. 1<BR>
TO THE TRUST AGREEMENT</B>



<P align="left" style="font-size: 10pt">CHS Inc. (formerly known as Cenex Harvest States Cooperatives), pursuant to the
power of amendment reserved to it in Article&nbsp;11 of the Trust Agreement between
Cenex Harvest States Cooperatives and The Capital Trust Company of Delaware,
Inc., executed June&nbsp;27, 2001, (the &#147;Trust&#148;) hereby amends the Trust in the
manner set forth below effective as of August&nbsp;5, 2003.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;The name of the &#147;Employer&#148; is changed from &#147;Cenex Harvest States
Cooperatives&#148; to &#147;CHS Inc.&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;The name of the &#147;Plan&#148; is changed from the &#147;Cenex Harvest States
Cooperatives Share Option Plan&#148; to the &#147;CHS Inc. Share Option Plan&#148;


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, CHS Inc. and the Trustee have caused the Trust to be
amended as executed on the dates below.

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    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>CHS INC.</B></TD>
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By /s/Richard L. Baldwin</TD>
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    <TD>&nbsp;</TD>
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    <TD align="left" valign="top">Its VPHR</TD>
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    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Dated 12-29-03</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>THE CAPITAL TRUST COMPANY OF
DELAWARE INC.</B></TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By /s/Deborah E. Harris</TD>
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    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Its Senior Vice President</TD>
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    <TD>&nbsp;</TD>
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    <TD align="left" valign="top">Dated 1/29/04</TD>
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