Exhibit 10.iii.(s)


                            IMC GLOBAL INC.
         DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS


     1.   Purpose

          The  purpose  of  the  Deferred Compensation  Plan  for  Non-
Employee Directors (the "Plan") is to attract and retain well-qualified
persons who are not employees of IMC Global Inc. (the "Company") or any
of  its  subsidiaries  for  service as  directors  of  the  Company  by
providing  such persons with the opportunity to defer all or a  portion
of the compensation which they earn as directors of the Company.

     2.   Administration

          The  Board  of  Directors of the Company (the "Board")  shall
have  the authority to administer and interpret the provisions  of  the
Plan  and to prescribe forms and promulgate rules and regulations  with
respect thereto.  All determinations of the Board with respect  to  the
plan shall be final and binding upon all persons.

     3.   Eligibility

          Directors of the Company who are not employees of the Company
or any of its subsidiaries are eligible to participate in the Plan.

     4.   Election to Defer

          (a)  An election to defer, or to cease to defer, compensation
earned  as  a  director  of the Company shall be  effective  only  with
respect to compensation earned in calendar years following the year  in
which  the  election is made.  An election to defer shall  specify  the
time  of  payment  of the compensation subject to such  election,  plus
interest  credited  thereon prior to the payment date.   All  elections
shall  be in writing and shall be made on such forms, at such time  and
in such manner as the Board may from time to time prescribe.

          (b)   An  election shall be binding upon, and shall inure  to
the   benefit   of   the  participant,  the  participant's   designated
beneficiary,  the heirs, legatees and personal representatives  of  the
participant  and  beneficiary and the successors  and  assigns  of  the
Company.

     5.   Deferral of Compensation

          (a)   Each  participant  may, with  respect  to  compensation
earned as a director of the Company, elect to have all or a portion  of
such  compensation  deferred and, together with the  interest  credited
thereon, paid in cash in the manner set forth in paragraph 5(d) below.

          (b)   A  bookkeeping  account shall be established  for  each
participant.   The  account  shall reflect  the  amount  to  which  the
participant is entitled in accordance with paragraph 5(c) below.

          (c)   The  account  of  a participant  who  elects  to  defer
compensation  shall be credited with the dollar amount of  compensation
so  deferred on each date that the participant is entitled  to  payment
for  services  as a director.  Interest on the balance of  the  account
shall  be  computed  and  credited quarterly  on  March  31,  June  30,
September  30 and December 31 of each year 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  date  plus  two
percentage points (2%).

          (d)   Payment to the participant of amounts deferred pursuant
to  a  deferral election, together with the interest credited  thereon,
shall  be  made  in  a single cash payment on the earlier  of  (i)  the
payment date specified in the participant's election or (ii) the  month
of  January  in  the  second calendar year following the  participant's
retirement  or  other  termination of service  as  a  director  of  the
Company.

     6.   Payment in the Event of Participant's Death

          (a)   Any  of the deferred compensation which shall not  have
been  paid to the participant during his or her lifetime shall be  paid
within  60 days after the participant's death to such person or persons
as  the participant may designate in writing to receive the same.   The
participant  shall  have  the  right during  his  or  her  lifetime  to
designate  and  to change the designation of the person or  persons  to
whom  the  Company  shall  make any payments of  deferred  compensation
remaining  unpaid at the death of the participant.  The  Company  shall
rely  upon  the last of such written designations in its possession  in
making any such payments.

          (b)   If any of the deferred compensation shall remain unpaid
upon  the  death  of  the  last to survive of the  participant  or  the
participant's  beneficiary, the Company shall pay the aggregate  amount
thereof  to the executor or administrator of the estate of the last  to
survive of the participant and the participant's beneficiary.

     7.   No Right of Assignment or Acceleration

          The   right   of   the  participant,  and  the  participant's
beneficiary, to receive deferred compensation is personal  and  is  not
subject  to the acceleration or assignment.  The Company shall have  no
liability  for the payment of any of the deferred compensation  to  any
other person or in any other manner than as provided in this Plan.

     8.   Amendment or Discontinuance

          The  Board  may amend, rescind or terminate the  Plan  as  it
shall  deem advisable; provided, however, that no change shall be  made
with respect to compensation deferred under the Plan which would impair
a participant's rights to such compensation without his or her consent.

     9.   Governing Law

          This  Plan  and  all  determinations made and  actions  taken
pursuant  hereto shall be governed by the laws of the State of Illinois
pertaining  to  contracts made and to be performed wholly  within  such
jurisdiction, except as federal law may apply.

     10.  Effective Date

          The  Plan  shall  be effective with respect  to  compensation
earned for service as a director of the Company on and after January 1,
1998.