AMERCO /NV/
AMENDMENT TO ESOP PLAN
<DOCUMENT>
<TYPE>EX-10.1A
<SEQUENCE>3
<FILENAME>0003.txt
<DESCRIPTION>AMENDMENT TO ESOP PLAN
<TEXT>

<PAGE>

                     FIRST AMENDMENT TO THE
             AMERCO EMPLOYEE SAVINGS, PROFIT SHARING
                AND EMPLOYEE STOCK OWNERSHIP PLAN

     On  March  16,  1973,  Amerco,  a  Nevada  Corporation  (the

"Corporation") established the "Amerco Profit Sharing  Retirement

Trust"  (the  "Profit  Sharing  Plan"),  which  was  subsequently

amended  from  time  to  time.   Effective  April  1,  1984,  the

Corporation   established  the  "Amerco  Employee   Savings   and

Protection  Plan",  which was amended  from  time  to  time,  and

effective  January  1, 1988, was merged with the  Profit  Sharing

Plan  to form a single plan called the "Amerco Retirement Savings

and Profit Sharing Plan".

     Effective  July 24, 1988, the Amerco Retirement Savings  and

Profit Sharing Plan was amended and restated as an employee stock

ownership  plan, which was most recently amended and restated  in

its  entirety  on  December 21, 1993, and is  now  known  as  the

"Amerco  Employee  Savings,  Profit Sharing  and  Employee  Stock

Ownership Plan" (the "Plan").  The Plan was subsequently  amended

on  four  occasions and then again amended and restated effective

January  1, 1997.  By this instrument, the Corporation wishes  to

amend  the Plan to make certain changes requested by the Internal

Revenue  Service in connection with the Company's June  12,  1998

request for a favorable determination letter.

     1.    Except as otherwise provided herein, the provisions of

this  First  Amendment shall be effective as  of  the  date  this

Amendment is signed.

     2.   Effective January 1, 1998, the last sentence of Section

2.1(r) of the Plan is hereby amended and restated in its entirety

to provide as follows:

     Effective for Plan Years beginning on or after  January
     1,  1998,  the term "Compensation" shall also  include,
     for  all  purposes,  except for the purpose  of  making
     allocations   under   Top  Heavy  Plans   pursuant   to
     Section 8.2, amounts (such as Pre-Tax Contributions  to
     this  Plan) which are not currently includible  in  the
     Participant's  gross taxable income by  reason  of  the
<PAGE>
     application  of Sections 125, 402(a)(8) or 402(h)(1)(B)
     of  the  Code, if such amounts are attributable to  the
     performance  of  services  for  the  Employer  or   any
     Affiliate.

     3.   The fourth sentence of Section 2.1(v) is hereby amended

and restated to provide as follows:

     Notwithstanding the foregoing, Earnings  in  excess  of
     One Hundred Fifty Thousand Dollars ($150,000) shall  be
     disregarded for all purposes.

     4.    Sections  2.2(b)  and 9.3(b) of the  Plan  are  hereby

amended  by substituting the term "Accounting Date" for the  term

"Valuation Date" wherever used therein.

     5.    Effective  January 1, 1997, Section 2.3(b)(2)  of  the

Plan is hereby amended and restated in its entirety to provide as

follows:

          (2)   For the preceding year received Compensation
          from  the Employer or its Affiliates in excess  of
          Eighty Thousand Dollars ($80,000).

     6.    The  last  sentence of Section 2.3(c) of the  Plan  is

hereby  amended  and  restated in  its  entirety  to  provide  as

follows:

     If,  at any time prior to the termination of employment
     and prior to attaining fifty-five (55) years of age,  a
     highly    compensated    active    employee    receives
     Compensation which is less than fifty percent (50%)  of
     the  Employee's  annual average  compensation  for  the
     three (3) consecutive years preceding the determination
     year  during  which the Employee received the  greatest
     amount  of  compensation from the Employer,  then  such
     Employee shall not be deemed to be a highly compensated
     former   employee  upon  his  actual  separation   from
     employment  with  the Employer if,  after  the  "deemed
     separation year," as defined in Section 1.414(q)-1T Q &
     A-5(a)(3) of the regulations, and before the Employee's
     actual year of separation such Employee's services  for
     and Compensation from the Employer, under all the facts
     and  circumstances,  increase significantly  so  as  to
     result in a deemed a resumption of employment.

     7.    Effective  January 1, 1997, Section 2.3(d)  is  hereby

deleted  from  the  Plan  and  Section  2.3(e)  of  the  Plan  is

relettered Section 2.3(d).

     8.    Effective January 1, 1997, Section 4.3(c)(4) is hereby

deleted from the Plan and the remaining paragraphs are renumbered

accordingly.
<PAGE>
     9.    Effective January 1, 1997,  Section 4.3(d) of the Plan

is  hereby  amended and restated in its entirety  to  provide  as

follows:

          (d)   DISTRIBUTION  OF EXCESS  CONTRIBUTIONS.   No
                --------------------------------------
          later  than  the last day of each Plan  Year,  any
          "excess  Pre-Tax  Contributions"  and  the  income
          allocable   thereto   will   be   distributed   to
          Participants   who   made   the   excess   Pre-Tax
          Contributions during the preceding Plan Year.  For
          purposes  of  this  paragraph,  the  term  "excess
          Pre-Tax Contributions" means, with respect to  any
          Plan   Year,  the  aggregate  amount  of   Pre-Tax
          Contributions  paid  to the  Plan  by  the  Highly
          Compensated Employees for the Plan Year  over  the
          maximum  amount of Pre-Tax Contributions permitted
          pursuant    to   Section   4.3(a)   and    Section
          401(k)(3)(A)(ii) of the Code.  The distribution of
          excess  Pre-Tax Contributions for  any  Plan  Year
          shall  be made to Highly Compensated Employees  on
          the   basis  of  the  dollar  amount  of   Pre-Tax
          Contributions  made  by  each  Highly  Compensated
          Employee   in   accordance  with   the   following
          procedure:

          (1)  Step One: The dollar amount of the  excess
          Pre-Tax    Contribution   for    each    Highly
          Compensated Employee shall be calculated in the
          manner  described in Code Section  401(k)(8)(B)
          and   Treasury  Regulation  Section   1.401(k)-
          1(f)(2).   However,  in applying  these  rules,
          rather  than distributing the amount  necessary
          to  reduce  the  actual deferral percentage  of
          each  Highly Compensated Employee in  order  of
          these  Employees' actual deferral  percentages,
          the Plan uses these dollar amounts in Step Two;

          (2)  Step  Two:  The sum of the dollar  amounts
          calculated  pursuant  to  Step  One  shall   be
          calculated.   The  total amount  calculated  in
          this   Step   Two   shall  be  distributed   in
          accordance with Steps Three and Four;

          (3)  Step  Three: The Pre-Tax Contributions  of
          the   Highly  Compensated  Employee  with   the
          highest  dollar amount of Pre-Tax Contributions
          shall  be reduced by the dollar amount required
          to cause that Highly Compensated Employee's Pre-
          Tax Contributions to equal the dollar amount of
          the   Pre-Tax  Contributions  of   the   Highly
          Compensated  Employee  with  the  next  highest
          dollar  amount of Pre-Tax Contributions.   This
          dollar amount is then distributed to the Highly
          Compensated  Employee with the  highest  dollar
          amount of Pre-Tax Contributions.  However, if a
          lesser  reduction,  when  added  to  the  total
          dollar  amount already distributed  under  this
          Step  Three,  would equal the total  calculated
          under  Step  Two,  the lesser amount  shall  be
          distributed; and
<PAGE>
          (4)  Step Four: If the total amount distributed
          is  less than the amount calculated pursuant to
          Step Two, Step 3 is repeated.

     The  income  allocable to excess Pre-Tax  Contributions
     shall be determined by multiplying the income allocable
     for   the   Plan  Year  to  the  Participant's  Pre-Tax
     Contributions   Account   from   which    the    excess
     contributions are to be distributed by a fraction,  the
     numerator  of  which is the excess Pre-Tax Contribution
     on  behalf  of  the Participant for the preceding  Plan
     Year  and  the denominator of which is the sum  of  the
     Participant's Pre-Tax Contributions Account balance  on
     the  last business day of the preceding Plan Year  plus
     the  Pre-Tax  Contributions (other than excess  Pre-Tax
     Contributions)  allocated to that  account  during  the
     Plan  Year.   If  there  is a loss,  the  total  excess
     Pre-Tax  Contributions shall nonetheless be distributed
     to  the  Participant, but the amount distributed  shall
     not  exceed  the  balance of the Pre-Tax  Contributions
     Account  from  which  the distribution  is  made.   The
     amount  of  any excess contributions to be  distributed
     shall   be   reduced  by  excess  deferrals  previously
     distributed  for the taxable year ending  in  the  same
     Plan  Year in accordance with Section 402(g)(2) of  the
     Code  and  excess  deferrals to be  distributed  for  a
     taxable  year  shall be reduced by excess contributions
     previously distributed for the Plan beginning  in  such
     taxable year.

     10.   Section  5.4(a)  of  the Plan is  hereby  amended  and

restated in its entirety to provide as follows:

          (a)     DISCRETIONARY MATCHING CONTRIBUTIONS.
                  ------------------------------------
          Subject to the Board's right to terminate or amend
          this  Plan, the Employer shall contribute  to  the
          Trust  Fund  for  each Plan Year  as  an  Employer
          Matching Contribution such amount, if any, as  the
          Board  shall  determine in its sole  and  absolute
          discretion.   The amount of the Employer  Matching
          Contribution  made on behalf of  each  Participant
          shall  be based on the Pre-Tax Contributions  made
          by the Participant for the Plan Year.

     11.   Effective January 1, 1997, Section 5.4(d)(3) is hereby

deleted from the Plan and the remaining paragraphs are renumbered

accordingly.

      12.Effective January 1, 1997, Section 5.4(e)  of  the  Plan

is  hereby  amended and restated in its entirety  to  provide  as

follows:

          (e)   DISTRIBUTION OF EXCESS CONTRIBUTIONS.   No
                ------------------------------------
          later  than  the last day of each Plan  Year,  any
          "excess  aggregate contributions" and  the  income
          allocable   thereto   will   be   distributed   to
          Participants    who    made    excess    aggregate
          contributions during the preceding Plan Year.  For
          purposes  of this paragraph, an "excess  aggregate
<PAGE>
          contribution" is the amount described  in  Section
          401(m)(6)(B)  of  the  Code. The  distribution  of
          excess  aggregate contributions for any Plan  Year
          shall  be made to Highly Compensated Employees  on
          the basis of the dollar amount of excess aggregate
          contributions  made  on  behalf  of  each   Highly
          Compensated  Employee  in  accordance   with   the
          following procedure:

          (1)  Step One: The dollar amount of the  excess
          Matching    Contribution   for   each    Highly
          Compensated Employee shall be calculated in the
          manner  described in Code Section  401(k)(8)(B)
          and   Treasury  Regulation  Section   1.401(k)-
          1(f)(2).   However,  in applying  these  rules,
          rather  than distributing the amount  necessary
          to  reduce  the average contribution percentage
          of each Highly Compensated Employee in order of
          these    Employees',    average    contribution
          percentages, the Plan uses these dollar amounts
          in Step Two;

          (2)  Step  Two:  The sum of the dollar  amounts
          calculated  pursuant  to  Step  One  shall   be
          calculated.   The  total amount  calculated  in
          this   Step   Two   shall  be  distributed   in
          accordance with Steps Three and Four;

          (3)  Step Three: The Matching Contributions  of
          the   Highly  Compensated  Employee  with   the
          highest dollar amount of Matching Contributions
          shall  be reduced by the dollar amount required
          to  cause  that  Highly Compensated  Employee's
          Matching  Contributions  to  equal  the  dollar
          amount  of  the Matching Contributions  of  the
          Highly  Compensated  Employee  with  the   next
          highest     dollar    amount    of     Matching
          Contributions.   This  dollar  amount  is  then
          distributed to the Highly Compensated  Employee
          with  the  highest  dollar amount  of  Matching
          Contributions.  However, if a lesser reduction,
          when  added to the total dollar amount  already
          distributed under this Step Three, would  equal
          the total calculated under Step Two, the lesser
          amount shall be distributed; and

          (4)  Step Four: If the total amount distributed
          is  less than the amount calculated pursuant to
          Step Two, Step 3 is repeated.

     The  income allocable to excess aggregate contributions
     was   to   be  determined  by  multiplying  the  income
     allocable  to  the Participant's Matching Contributions
     Account  for the Plan Year by a fraction, the numerator
     of  which  is  the  excess aggregate  contributions  on
     behalf  of the Participant for the preceding Plan  Year
     and  the  denominator  of which  is  the  Participant's
     Matching  Contributions Account  balance  on  the  last
     business  day of the preceding Plan Year.   The  excess
     aggregate  contributions  to  be  distributed  to   the
     Participant  shall be adjusted for income  and  losses.
     In  the  case  of  a  loss, the total excess  aggregate
     contributions would nonetheless be distributed  to  the
     Participant,  but  the  amount  distributed  could  not
     exceed the Participant's Matching Contributions Account
     balance.
<PAGE>
     13.   Section  5.4(f)  of  the Plan is  hereby  amended  and

restated in its entirety to provide as follows:

          (f)   MULTIPLE USE OF THE ALTERNATIVE  LIMITATION.
                -------------------------------------------
          For    purposes   of   determining   whether   the
          limitations in Sections 4.3 and 5.4 are  met,  the
          Plan  shall satisfy the test for multiple  use  of
          the  "alternative  limitation"  (as  described  in
          Sections 401(k)(3)(A)(ii)(II) and 401(m)(2)(A)(ii)
          of  the  Code)  set  forth in Treasury  Regulation
          Section  1.401(m)-2.   If  multiple  use  of   the
          alternative limitation occurs with respect to  two
          or  more plans or arrangements maintained  by  the
          Employer  it must be corrected by reducing  actual
          contribution percentages of all Highly Compensated
          Employees  in  the  manner described  in  Treasury
          Regulation Section 1.401(m)-2(c)(3); provided that
          the  Employer  may instead eliminate the  multiple
          use   of  the  alternative  limitation  by  making
          qualified nonelective contributions. For  purposes
          of  this paragraph, Section 4.3(c)(2), and Section
          5.4(d)(1)   of  the  Plan,  the  term   "qualified
          nonelective contribution" shall mean any  Employer
          contribution  with  respect  to  which   (i)   the
          Employee may not elect to have a contribution paid
          to   the   Employee  in  cash  instead  of   being
          contributed to the Plan, (ii) the Employee may not
          elect  to  receive a distribution  from  the  Plan
          earlier  than  separation from employment,  death,
          Disability,   an   event  described   in   Section
          401(k)(10)  of the Code, attainment of age  fifty-
          nine  and one-half (59 1/2) years, or hardship,  and
          (iii) the Employee is fully vested at all times.

     14.   Section  6.4(b)  of  the Plan is  hereby  amended  and

restated in its entirety to provide as follows:

          (b)     ESOP   DIVERSIFICATION   ELECTION.    ESOP
                  ---------------------------------
          Contributions  allocable to a  Participant's  ESOP
          Account  and amounts transferred to the ESOP  Fund
          from  amounts  credited to a  Participant's  other
          Accounts may not be transferred from the ESOP Fund
          to  another  Fund or Funds, except as provided  in
          this Section 6.4(b).  A Participant shall become a
          "qualified Participant" and may elect to diversify
          his  ESOP  Account after attaining age  fifty-five
          (55)  and  being credited with ten  (10)  or  more
          years of participation in the Plan since the later
          of  (1) the date he commenced participation in the
          Plan or (2) January 1, 1988 (which is the date  as
          of which the ESOP feature was added to this Plan).
          (In other words, no Participant will be allowed to
          diversify  his  ESOP Account prior to  January  1,
          1998.)  Within ninety (90) days after the close of
          each  Plan  Year  during the  "qualified  election
          period,"  a  qualified Participant  may  elect  to
          diversify twenty-five percent (25%) of the  number
          of  shares of Employer Securities acquired  by  or
<PAGE>
          contributed  to the Plan after December  31,  1986
          that have ever been allocated to the Participant's
          accounts  on  or  before  the  most  recent   Plan
          allocation  date  less the  number  of  shares  of
          Employer    Securities   previously   distributed,
          transferred,   or  diversified   pursuant   to   a
          diversification election made after  December  31,
          1986.  The "qualified election period" is the  six
          (6)  year period commencing with the Plan Year  in
          which   the   Participant  becomes   a   qualified
          Participant.   In addition, in the final  year  of
          the  six  (6)  year qualified election  period,  a
          Participant may diversify fifty percent  (50%)  of
          the   number  of  shares  of  Employer  Securities
          acquired  by  or  contributed to  the  Plan  after
          December 31, 1986 that have ever been allocated to
          the  Participant's accounts on or before the  most
          recent  Plan  allocation date less the  number  of
          shares    of    Employer   Securities   previously
          distributed, transferred, or diversified  pursuant
          to  a diversification election made after December
          31,  1986.  A qualified Participant may  elect  to
          diversify  his  ESOP  Account  by  directing   the
          investment  of  up to the available percentage  of
          such  account (twenty-five percent (25%) or  fifty
          percent  (50%) as the case may be) to one or  more
          of  the  Funds  (other  than  the  ESOP  Fund)  in
          accordance with the provisions of Sections 6.3 and
          6.4,  commencing as of the first day of the  first
          Plan  Year  falling within the qualified  election
          period.  Beginning with the first day of the first
          Plan  Year  falling within the qualified  election
          period,  the restrictions on the transfer  of  the
          portion of any Account other than the ESOP Account
          from the ESOP Fund to any other Fund, as set forth
          in  the first sentence of this paragraph, shall no
          longer be applicable to such qualified Participant
          and such transfers may be accomplished pursuant to
          the rules of Section 6.4(a).

     15.   The third sentence of Section 8.2(b) is hereby amended

and restated in its entirety to provide as follows:

     Special    ESOP   Contributions   made   pursuant    to
     Section  5.2(b) shall be allocated to the ESOP Accounts
     of  each  Participant on whose behalf such contribution
     is  made  by  crediting  each such  Participant's  ESOP
     Account  in the same ratio that each such Participant's
     Earnings for the Plan Year bear to the Earnings of  all
     such  Participants  for the Plan Year.    Special  "per
     capita"    ESOP   Contributions   made   pursuant    to
     Section  5.2(c) shall be allocated to the ESOP  Account
     of  each  eligible Participant on whose behalf  such  a
     contribution  has  been made in such amount  and  under
     such terms and conditions as the Board shall direct, in
     its sole and absolute discretion.

     16.   The  second sentence of Section 8.2(c) of the Plan  is

hereby  amended  and  restated in  its  entirety  to  provide  as

follows:
<PAGE>
     Special  Profit Sharing Contributions made pursuant  to
     Section 5.1(b) shall be allocated to the Profit Sharing
     Accounts  of  each  Participant on  whose  behalf  such
     contribution   is   made   by   crediting   each   such
     Participant's Profit Sharing Account in the same  ratio
     that each such Participant's Earnings for the Plan Year
     bear  to the Earnings of all such Participants for  the
     Plan   Year.    Special  "per  capita"  Profit  Sharing
     Contributions made pursuant to Section 5.1(c) shall  be
     allocated  to  the  Profit  Sharing  Accounts  of  each
     eligible   Participant   on   whose   behalf   such   a
     contribution  has  been made in such amount  and  under
     such terms and conditions as the Board shall direct, in
     its sole and absolute discretion.

     17.   The first sentence of Section 8.2(f) is hereby amended

and restated to provide as follows:

     Notwithstanding  anything  to  the  contrary  in   this
     Section  or  any other provision of this Plan,  in  any
     Plan  Year in which the Plan is Top Heavy or Super  Top
     Heavy,   the   Employer  shall  make  a  special   ESOP
     Contribution on behalf of each Participant who is not a
     Key Employee for the Plan Year in such amount as may be
     necessary to assure that the sum of the Profit  Sharing
     Contributions, ESOP Contributions, and forfeitures,  if
     any, allocated to the Participant's accounts equals  at
     least the "minimum required contribution."

     18.   The  fifth sentence of Section 8.2(f) of the  Plan  is

hereby amended and restated to provide as follows:

     The  special  ESOP  Contribution  called  for  by  this
     paragraph shall be allocated on behalf of all Employees
     who are not Key Employees for the Plan Year and who are
     employed  by the Employer on the last day of  the  Plan
     Year  without  regard  to whether such  Employees  have
     completed one thousand (1,000) Hours of Service  during
     the Plan Year.

     19.   Section  8.2(g)  of  the Plan is  hereby  amended  and

restated in its entirety to provide as follows:

          (g)   ALLOCATION TO CERTAIN PERSONS PROHIBITED.
                ----------------------------------------
          Notwithstanding the foregoing, no portion  of  the
          assets  of the Plan attributable (or allocable  in
          lieu  of) Employer Securities acquired by the Plan
          in  a  sale  to  which Section 1042  of  the  Code
          applies  may  accrue or be allocated  directly  or
          indirectly under any Plan of the Employer  meeting
          the requirements of Section 401(a) of the Code (1)
          during  the "nonallocation period" for the benefit
          of  (A)  any taxpayer who makes an election  under
          Section  1042(a)  of  the  Code  with  respect  to
          Employer Securities, or (B) any individual who  is
          related  to  the  taxpayer within the  meaning  of
<PAGE>
          Section 267(b) of the Code, or (2) for the benefit
          of   any   other  person  who  owns   (after   the
          application  of Section 318(a) of the  Code)  more
          than twenty-five percent (25%) of (A) any class of
          outstanding  stock of the corporation that  issued
          such  Employer Securities or any corporation which
          is  a member of a controlled group of corporations
          (within  the meaning of Section 409(l)(4)  of  the
          Code)  of such corporation or (B) the total  value
          of  any  class of outstanding stock  of  any  such
          corporation.   Clause  (1)(B)  of  the   preceding
          sentence shall not apply to any individual if  the
          individual  is  the  lineal  descendant   of   the
          taxpayer  and  the aggregate  amount allocated  to
          the  benefit of all lineal descendants during  the
          nonallocation  period does not  exceed  more  than
          five  percent (5%) of the Employer Securities  (or
          amounts  allocated in lieu thereof)  held  by  the
          Plan  which are attributable to a sale to the Plan
          by  any person related to such descendants (within
          the meaning of Section 267(c)(4) of the Code) in a
          transaction  to  which Section 1042  of  the  Code
          applied.     For   purposes   of   this   Section,
          "nonallocation period" means the period  beginning
          on   the   date  of  the  sale  of  the  qualified
          securities  and ending on the later  of:  (1)  the
          date which is ten (10) years after the date of the
          sale;  or  (2)  the  date of the  Plan  allocation
          attributable  to the final payment of  acquisition
          indebtedness incurred in connection with the sale.

     20.   The  first sentence of Section 8.5(d) of the  Plan  is

hereby  amended  and  restated in  its  entirety  to  provide  as

follows:

     In  the  event  it  is necessary to  limit  the  Annual
     Additions  to the Accounts of a Participant under  this
     Plan due to the allocation of forfeitures, a reasonable
     error  in  estimating a Participant's  Compensation,  a
     reasonable  error in determining the amount of  Pre-Tax
     Contributions made by a Participant, or for  any  other
     reason  the  Commissioner determines to be justifiable,
     the  Advisory  Committee shall limit the allocation  of
     Pre-Tax  Contributions  to  the  Participant's  Pre-Tax
     Contribution Account and/or return any such excess Pre-
     Tax  Contribution plus earnings allocable to  any  such
     excess Pre-Tax Contributions to the Participant.

     21.   Section 9.3(b) of the Plan is hereby amended by adding

to the end thereof the following new sentence:

     Notwithstanding  any  provision  in  the  Plan  to  the
     contrary,  hardship distributions may not be made  from
     earnings   credited   to   the  Participant's   Pre-Tax
     Contributions   Accounts  that  were   credited   after
     December 31, 1988.
<PAGE>
     22.   Section  10.2(d)  of the Plan is  hereby  amended  and

restated to provide as follows:

          (d)  Termination  or partial termination  of  this
          Plan as provided in Section 13.3 of this Plan;

     23.   The  last sentence of Section 10.3(b) of the  Plan  is

hereby  amended  and  restated in  its  entirety  to  provide  as

follows:

     If  a portion of a Participant's ESOP Account or Profit
     Sharing   Account  is  forfeited,  Employer  Securities
     allocated  pursuant to Section 8.2(b) must be forfeited
     only   after   other   assets  have   been   forfeited.
     Furthermore,  if interests in more than  one  class  of
     Employer  Securities are allocable to the Participant's
     ESOP  Account,  the  Participant shall  be  treated  as
     forfeiting the same proportion of each class.

     24.   The  first  sentence of Section 10.5 of  the  Plan  is

hereby amended and restated to provide as follows:

     If  the  vesting schedule set forth in Section 10.3  is
     amended,  in  the  case  of  an  Employee  who   is   a
     Participant on the later of (a) the date the  amendment
     is adopted, or (b) the date the amendment is effective,
     the  non-forfeitable percentage of the benefit to which
     the  Employee is entitled (determined as of such  date)
     shall  not  be less than the non-forfeitable percentage
     of  the benefit to which he is entitled under the  Plan
     without regard to such amendment.

     IN  WITNESS  WHEREOF, the Corporation has caused this  First

Amendment  to  be executed by its duly authorized  representative

this 2nd day of December, 1998.

                              AMERCO

                              By: /S/ EDWARD J. SHOEN
                                  ---------------------------

                              Its:  President
                                  ---------------------------



</TEXT>
</DOCUMENT>
