Exhibit 10.iii.(u)


                            IMC GLOBAL INC.
                      1998 VOLUNTARY NONQUALIFIED
                      DEFERRED COMPENSATION PLAN

          IMC   Global  Inc.  has  established  this  IMC  Global  Inc.
Voluntary Nonqualified Deferred Compensation effective as of January 1,
1998, in order to enable eligible employees of IMC Global Inc. and  its
Affiliates  to  defer the receipt of all or a portion of  their  annual
cash bonuses and up to one-half of their base salary and to be credited
with  interest  on a tax favored basis on such deferred  amounts  until
retirement, death, disability or other termination of employment.

                               ARTICLE I
                              DEFINITIONS

          1.01  "Account" means the record of a Participant's  interest
in  the  Plan attributable to Participant Deferrals made on  behalf  of
such Participant and hypothetical investment earnings thereon.

          1.02 "Affiliate" means (a) a member of a controlled group  of
corporations  of which the Company is a member or (b) an unincorporated
trade  or  business which is under common control with the  Company  as
determined  in  accordance  with Code  Section  414(c).   For  purposes
hereof,  a "controlled group of corporations" means a controlled  group
of  corporations as defined in Code Section 1563(a), determined without
regard to Code Sections 1563(a)(4) and 1563(e)(3)(C).

          1.03  "Beneficiary" means the person or persons,  natural  or
otherwise,  designated by a Participant to receive any benefit  payable
under  the  Plan  in  the  event of the  Participant's  death.   To  be
effective,  any  such  designation and  any  alteration  or  revocation
thereof shall be in writing, in such form as the Plan Administrator may
prescribe and shall be filed with the Plan Administrator prior  to  the
Participant's death.  If at the time a death benefit becomes payable no
designation  of Beneficiary is on file with the Plan Administrator,  or
if  the  designated Beneficiary does not survive the  Participant,  the
Beneficiary  shall  be the Participant's surviving spouse,  or  in  the
event there is no such surviving spouse, the Participant's estate.

          1.04 "Board" means the Board of Directors of the Company.

          1.05  "Change  in Control" shall be deemed to  have  occurred
upon the first to occur of the following:

          (a)  the  acquisition by any individual, entity or  group  (a
               "Person"), including any "person" within the meaning  of
               Section  13(d)(3)  or 14(d)(2) of the Exchange  Act,  of
               beneficial  ownership within the meaning of  Rule  13d-3
               promulgated under the Exchange Act, of 15%  or  more  of
               either  (i) the then outstanding shares of common  stock
               of  the Company (the "Outstanding Common Stock") or (ii)
               the  combined  voting  power  of  the  then  outstanding
               securities of the Company entitled to vote generally  in
               the  election  of  directors  (the  "Outstanding  Voting
               Securities");  excluding, however, the  following:   (A)
               any acquisition directly from the Company (excluding any
               acquisition resulting from the exercise of an  exercise,
               conversion  or  exchange privilege unless  the  security
               being  so exercised, converted or exchanged was acquired
               directly from the Company),  (B) any acquisition by  the
               Company, (C) any acquisition by an employee benefit plan
               (or  related  trust)  sponsored  or  maintained  by  the
               Company or any corporation controlled by the Company  or
               (D)  any  acquisition by any corporation pursuant  to  a
               transaction  which complies with clauses (i),  (ii)  and
               (iii) of subsection (c) of this Section 1.05.

          (b)  individuals who, as of the date this Plan is approved by
               the Board of Directors constitute the Board of Directors
               (the   "Incumbent  Board")  cease  for  any  reason   to
               constitute  at least a majority of such Board;  provided
               that  any  individual  who becomes  a  director  of  the
               Company subsequent to the date this Plan is approved  by
               the Board of Directors whose election, or nomination for
               election by the Company's stockholders, was approved  by
               the  vote  of at least a majority of the directors  then
               comprising the Incumbent Board shall be deemed a  member
               of  the Incumbent Board; and provided further, that  any
               individual  who was initially elected as a  director  of
               the  Company  as  a  result of an actual  or  threatened
               election contest, as such terms are used in Rule  14a-11
               of Regulation 14A promulgated under the Exchange Act, or
               any  other actual or threatened solicitation of  proxies
               or consents by or on behalf of any Person other than the
               Board  shall  not  be deemed a member of  the  Incumbent
               Board;

          (c)  approval  by  the  stockholders  of  the  Company  of  a
               reorganization, merger or consolidation of  the  Company
               or sale or other disposition of all or substantially all
               of   the   assets   of   the   Company   (a   "Corporate
               Transaction");    excluding,   however,   a    Corporate
               Transaction  pursuant to which (i) all or  substantially
               all   of  the  individuals  or  entities  who  are   the
               beneficial  owners,  respectively,  of  the  Outstanding
               Common  Stock  and  the  Outstanding  Voting  Securities
               immediately  prior  to such Corporate  Transaction  will
               beneficially own, directly or indirectly, more than  60%
               of,  respectively,  the  outstanding  shares  of  common
               stock,  and the combined voting power of the outstanding
               securities   of  such  corporation  entitled   to   vote
               generally in the election of directors, as the case  may
               be,  of  the  corporation resulting from such  Corporate
               Transaction    (including,   without    limitation,    a
               corporation  which as a result of such transaction  owns
               the Company or all or substantially all of the Company's
               assets  either  directly or indirectly) in substantially
               the  same  proportions relative to each other  as  their
               ownership,   immediately   prior   to   such   Corporate
               Transaction,  of the Outstanding Common  Stock  and  the
               Outstanding Voting Securities, as the case may be,  (ii)
               no  Person  (other  than:   the  Company;  any  employee
               benefit  plan (or related trust) sponsored or maintained
               by  the  Company  or any corporation controlled  by  the
               Company;  the corporation resulting from such  Corporate
               Transaction;  and  any Person which beneficially  owned,
               immediately   prior   to  such  Corporate   Transaction,
               directly  or  indirectly, 25% or more of the Outstanding
               Common  Stock  or the Outstanding Voting Securities,  as
               the  case  may  be) will beneficially own,  directly  or
               indirectly,   25%   or   more  of,   respectively,   the
               outstanding  shares of common stock of  the  corporation
               resulting  from  such  Corporate  Transaction   or   the
               combined  voting power of the outstanding securities  of
               such  corporation  entitled to  vote  generally  in  the
               election  of  directors and (iii) individuals  who  were
               members of the Incumbent Board will constitute at  least
               a  majority of the members of the board of directors  of
               the    corporation   resulting   from   such   Corporate
               Transaction; or

          (d)  the  consummation of a plan of complete  liquidation  or
               dissolution of the Company.

For  purposes  of this definition, the term "Exchange  Act"  means  the
Securities Exchange Act of 1934, as amended from time to time,  or  any
successor act thereto.

          1.06  "Code" means the Internal Revenue Code of 1986, as from
time to time amended.

          1.07 "Company" means IMC Global Inc.

          1.08  "Election  Date"  means with respect  to  a  Plan  Year
December 15 of the immediately preceding Plan Year.

          1.09 "Eligible Employee" means an employee of the Company  or
an  Affiliate who is based in the United States of America, in grade 20
or  above  and  is  eligible to participate  in  the  IMC  Global  Inc.
Management Incentive Compensation Program.

          1.10  "Final  Distribution Date" means the date  on  which  a
Participant's  active employment with the Company  and  all  Affiliates
terminates,  whether  by  reason  of  retirement,  death,   long   term
disability or other termination of active employment.

          1.11  "In-Service Distribution Date" means a date prior to  a
Participant's  Final  Distribution  Date  which  is  selected  by   the
Participant for the payment of Participant Deferrals in accordance with
rules and procedures established by the Plan Administrator.

          1.12      "Participant" means each Eligible Employee who  has
elected to participate in the Plan.

          1.13 "Participant Deferrals" means the amounts deferred by  a
Participant pursuant to Section 3.01.

          1.14   "Plan"  means  the  IMC  Global  Inc.  1998  Voluntary
Nonqualified Deferred Compensation Plan.

          1.15 "Plan Administrator" means such person or persons as may
be designated by the Board to administer the Plan.

          1.16 "Plan Year" means the calendar year.

          1.17  "Trust"  means  the IMC Global Inc.  1998  Supplemental
Executive  Retirement Plan, Restoration Plan and  Excess  Benefit  Plan
Trust.

          1.18  "Trustee" means Marshall & Ilsley Trust Company or  any
successor Trustee of the Trust.

          1.19  "Valuation  Date" means the last day of  each  calendar
quarter.
                              ARTICLE II
                             PARTICIPATION

          An  Eligible Employee shall become a Participant by electing,
in accordance with procedures established by the Plan Administrator, to
make Participant Deferrals pursuant to Section 3.01 hereof.

                              ARTICLE III
                               DEFERRALS

          3.01  Participant  Deferrals.   Each  Eligible  Employee  may
elect, in accordance with rules and procedures established by the  Plan
Administrator, on or before the Election Date for a Plan Year, to  make
a  Participant Deferral under the Plan equal to all or any portion  (up
to  100%)  of the Eligible Employee's annual cash bonus for  such  Plan
Year.   Each Eligible Employee may also elect, in accordance with rules
and  procedures established by the Plan Administrator, on or before the
Election  Date for a Plan Year, to make Participant Deferrals equal  to
all  or  any portion (up to 50%) of the Eligible Employee's base salary
for  such  Plan  Year.   Participant Deferrals  under  the  Plan  by  a
Participant  shall  reduce  the  amount  of  the  applicable  type   of
compensation otherwise payable currently to such Participant.

          3.02  Company Contributions to Trust.  As soon as practicable
after  the  end of each Plan Year, and not later than 30 days  after  a
Change  in Control, the Company shall contribute to the Trustee  to  be
held  under the provisions of the Trust, but subject to the  claims  of
the  creditors of the Company in the event of the Company's  insolvency
as  provided in the Trust, such amount as may be necessary  to  provide
the  Trust with assets for the Plan having a fair market value at least
equal to the sum of the Account balances of all Participants as of  the
end of the Plan Year or the date of the Change in Control, whichever is
applicable.   Notwithstanding  the transfer  of  contributions  to  the
Trust,  however, such deferred amounts shall remain obligations of  the
Company  to  the Participants and shall be reflected on  the  Company's
books by separate accounting entries.

          The  provisions of this Section 3.02 may not be amended after
the  date  of  a  Change in Control without the written  consent  of  a
majority in both number and interest of the Participants in this  Plan,
other  than  those Participants who are both (i) not  employed  by  the
Company  or  a subsidiary as of the date of the Change in  Control  and
(ii)  not  receiving nor could have commenced receiving benefits  under
the  Plan  as  of  the date of the Change in Control, both  immediately
prior to the Change of Control and at the date of such amendment.

                              ARTICLE IV
                       ACCOUNTS AND INVESTMENTS

          4.01  Deferred Compensation Accounts.  Participant  Deferrals
made by a Participant shall be credited to the Participant's Account as
of  the first day of the calendar quarter that includes the date(s)  on
which, but for the Participant's election to defer, such amounts  would
have  been  payable to the Participant.  The amount in a  Participant's
Account  shall also be credited as of each Valuation Date with interest
at  the  prime rate published in the "Money Rates" section of The  Wall
Street Journal on the first business day of the calendar quarter ending
on such Valuation Date plus two percentage points (2%).

          4.02   Rollover  of  Previously  Deferred  Amounts.   Amounts
previously deferred as of December 31, 1997 by a Participant under  the
Company's prior deferred compensation arrangement, as set forth in  the
IMC  Global Inc. Management Incentive Compensation Program,  that  have
not  been  paid to the Participant, plus associated earnings, shall  be
credited  to the Participant's Account as of January 1, 1998 and  shall
be  credited  with  interest as of each Valuation  Date  thereafter  as
provided in Section 4.01.

          4.03  Investment of Trust Funds.  Amounts contributed to  the
Trust  by  the  Company shall be invested by the Trustee in  accordance
with  the  provisions  of  the  Trust; provided,  however,  that  Trust
investments  need  not  reflect the interest  to  be  credited  to  the
Accounts of Participants, and the earnings or investment results of the
Trust  shall  not  affect the amounts to be credited  to  Participants'
Accounts under the Plan.

                               ARTICLE V
                       DISTRIBUTION OF BENEFITS

          5.01  Final  Distribution Date.  Upon a  Participant's  Final
Distribution Date, the Participant (or the Participant's Beneficiary if
the  Participant  is  deceased) shall be paid the Participant's  entire
Account  balance  as  of  the Valuation Date coinciding  with  or  next
following  the Final Distribution Date in a single lump sum payment  as
soon  as  practicable  after  such date; provided,  however,  that  the
Participant  may  elect,  in  accordance  with  rules  and   procedures
established  by the Plan Administrator, to be paid his or  her  Account
balance in annual installments over a period of up to 10 years.

          5.02 In-Service Distribution Date.  Participant Deferrals  to
be  paid on an In-Service Distribution Date, together with the interest
credited  thereon, shall be paid to the Participant as of the Valuation
Date coinciding with or next following the In-Service Distribution Date
in  a  single lump sum payment as soon as practicable after such  date;
provided,  however, that the Participant may elect, in accordance  with
rules and procedures established by the Plan Administrator, to be  paid
such amounts in annual installments over a period of up to 10 years.

                              ARTICLE VI
                          PLAN ADMINISTRATION

          6.01 Administration of Plan.  The Company shall have the sole
responsibility for making contributions to the Trust as provided  under
Article III and shall have the sole authority to amend or terminate, in
whole  or in part, this Plan at any time.  The Plan Administrator shall
have the sole responsibility for the administration of the Plan.

          The  Company  does  not guarantee to any Participant  in  any
manner the effect under any tax law or Federal or state statute of  the
Participant's participation in this Plan.

          6.02 Claims Procedure.  The Plan Administrator shall make all
determinations  as to the right of any person to a benefit  under  this
Plan.   Any  denial by the Plan Administrator of a claim  for  benefits
under  the  Plan  by a Participant or Beneficiary shall  be  stated  in
writing  by  the  Plan Administrator and shall set forth  the  specific
reasons  for  the  denial.  In addition, the Plan  Administrator  shall
afford a reasonable opportunity to any Participant or Beneficiary whose
claim for benefits has been denied for a review of the decision denying
the claim.

          6.03  Powers  and  Duties  of Plan Administrator.   The  Plan
Administrator shall have such duties and powers as may be necessary  to
discharge  its  duties hereunder, including, but  not  by  any  way  of
limitation, the following:

          (a)  to construe and interpret the Plan, decide all questions
               of eligibility and determine the amount, manner and time
               of payment of any benefits hereunder;

          (b)  to  prescribe  procedures to be followed by Participants
               in filing elections or revocations thereof;

          (c)  to  prepare and distribute, in such manner as  the  Plan
               Administrator determines to be appropriate,  information
               explaining the Plan;

          (d)  to  receive from the Company and from Participants  such
               information  as  shall  be  necessary  for  the   proper
               administration of the Plan;

          (e)  to  furnish the Company, upon request, such reports with
               respect  to  the  administration  of  the  Plan  as  are
               reasonable and appropriate;

          (f)  to  receive,  review  and keep  on  file  (as  it  deems
               convenient  and proper) reports of benefit  payments  by
               the  Company  and reports of disbursements for  expenses
               directed by the Plan Administrator; and

          (g)  to  appoint  individuals to assist in the administration
               of  the  Plan  and any other agents it deems  advisable,
               including legal counsel.

          The  Plan  Administrator  shall have  no  power  to  add  to,
subtract  from or modify any of the terms of the Plan, or to change  or
add  to any benefits provided by the Plan, or to waive or fail to apply
any requirements of eligibility for a benefit under the Plan.

          6.04 Rules, Procedures and Decisions.  The Plan Administrator
may adopt such rules and procedures as it deems necessary, desirable or
appropriate.   All  rules,  procedures  and  decisions  of   the   Plan
Administrator  shall  be  uniformly and  consistently  applied  to  all
Participants in similar circumstances.  When making a determination  or
calculation,  the  Plan Administrator shall be entitled  to  rely  upon
information  furnished  by  a Participant, the  Company  or  the  legal
counsel of the Company.

          6.05   Authorization   of   Benefit   Payments.    The   Plan
Administrator  shall  issue directions to the Company  or  the  Trustee
concerning all benefits which are to be paid pursuant to the provisions
of the Plan.

          6.06   Indemnification  of  Plan  Administrator.   The   Plan
Administrator shall be indemnified by the Company against any  and  all
liabilities arising by reason of any act or failure to act made in good
faith  pursuant  to  the  provisions of the  Plan,  including  expenses
reasonably incurred in the defense of any claim relating thereto.

                              ARTICLE VII
                             MISCELLANEOUS

          7.01  No  Right to Employment, etc.  Neither the creation  of
this  Plan  nor anything contained herein shall be construed as  giving
any  Participant  hereunder or other employees of the  Company  or  any
subsidiary  any  right to remain in the employ of the  Company  or  any
subsidiary.

          7.02  Successors and Assigns.  All rights and obligations  of
this  Plan  shall  inure  to, and be binding upon  the  successors  and
assigns of the Company.

          7.03 Inalienability.  Except so far as may be contrary to the
laws of any state having jurisdiction in the premises, a Participant or
Beneficiary  shall  have  no  right to assign,  transfer,  hypothecate,
encumber,  commute or anticipate his or her interest  in  any  payments
under  this  Plan and such payments shall not in any way be subject  to
any  legal process to levy upon or attach the same for payment  of  any
claim against any Participant or Beneficiary.

          7.04 Incompetency.  If any Participant or Beneficiary is,  in
the  opinion of the Plan Administrator, legally incapable of  giving  a
valid  receipt  and  discharge for any payment, the Plan  Administrator
may,  at  its option, direct that such payment or any part  thereof  be
made  to  such  person  or  persons who in  the  opinion  of  the  Plan
Administrator  are  caring  for  and  supporting  such  Participant  or
Beneficiary,  unless it has received due notice of claim  from  a  duly
appointed  guardian or conservator of the estate of the Participant  or
Beneficiary.   A  payment so made will be a complete discharge  of  the
obligations  under this Plan to the extent of and as to  that  payment,
and  neither  the  Plan  Administrator nor the Company  will  have  any
obligation regarding the application of the payment.

          7.05   Unfunded  Plan.   The  rights  and  interests   of   a
Participant  with  respect to the balance in the Participant's  Account
shall  be  solely those of a general creditor of the  Company.   It  is
intended  that the Plan shall be an unfunded plan maintained  primarily
for  the purpose of providing deferred compensation for a select  group
of management or highly compensated employees.

          7.06  Controlling  Law.  To the extent not preempted  by  the
laws of the United States of America, the laws of the State of Illinois
shall  be  the  controlling state law in all matters relating  to  this
Plan.

          7.07  Severability.  If any provisions of this Plan shall  be
held  illegal  or invalid for any reason, the illegality or  invalidity
shall  not affect the remaining parts of this Plan, but this Plan shall
be  construed  and  enforced as if the illegal and  invalid  provisions
never had been included herein.

          7.08  Gender  and Number.  Whenever the context  requires  or
permits, the gender and number of words shall be interchangeable.

          7.09  Expenses.  The expenses of administering the Plan shall
be paid by the Company.

          7.10 Division of the Plan.  The Plan Administrator may direct
a separation of the Accounts of certain Participants under the Plan and
the  transfer  of  such Accounts to another plan.  If  such  action  is
directed, the Plan Administrator shall cause to be determined and shall
direct  the Trustee to set apart that portion of the assets held  under
the Trust that is attributable to the Accounts of such Participants  as
are  designated  in  such  direction by the  Plan  Administrator.   The
portion  of  the  assets held under the Trust so set  apart  shall,  as
directed by the Plan Administrator, either (a) continue to be  held  by
the Trustee under such other plan for the benefit of such Participants,
or  (b)  be  transferred directly to the trustee of  a  separate  trust
established under such other plan and held in trust for the benefit  of
such Participants pursuant to the terms of such other plan.

                             ARTICLE VIII
                       AMENDMENT AND TERMINATION

          8.01  Amendment  to  Conform with Law.  The  Company  may  by
amendment make such changes in, additions to, and substitutions in  the
provisions of this Plan, to take effect retroactively or otherwise,  as
deemed  necessary or advisable for the purpose of conforming this  Plan
to  any  present or future law relating to plans of this or  a  similar
nature,  and  to the administrative regulations and rulings promulgated
thereunder.

          8.02 Other Amendments and Termination.  The Company may amend
or  terminate  this  Plan  at  any time, without  the  consent  of  any
Participant or Beneficiary.  Notwithstanding the foregoing,  this  Plan
shall  not  be  amended  or terminated so as to reduce  or  cancel  the
benefits  which have accrued to a Participant or Beneficiary  prior  to
the  later  of the date of adoption of the amendment or termination  or
the  effective  date  thereof, and in the event of  such  amendment  or
termination, any such accrued benefit hereunder shall not be reduced or
canceled.

          8.03  Manner  and  Form  of Amendment  or  Termination.   Any
amendment or termination of this Plan by the Company shall be made only
by action of the Board or any officer of the Company duly authorized by
the  Board.  Certification of any amendment or termination of this Plan
shall be furnished to the Plan Administrator by the Company.

          8.04   Notice   of  Amendment  or  Termination.    The   Plan
Administrator  shall  notify  Participants  or  Beneficiaries  who  are
affected  by  any  amendment  or termination  of  this  Plan  within  a
reasonable time thereof.

Dated:                             IMC GLOBAL INC.


                                   By:
                                   Name:
                                   Title: