EXHIBIT 99.5
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                                   
                IMC GLOBAL INC., THE VIGORO CORPORATION
                                   
                            AGREE TO MERGE
                                   




   CHICAGO, Nov. 13, 1995 - IMC Global Inc. (NYSE:IGL) and The Vigoro

Corporation (NYSE:VGR) announced today they have signed a definitive

agreement for a merger which will create a leading supplier of crop

nutrients serving the global agriculture industry and having

complementary retail distribution capabilities.  The new company will

retain the IMC Global name and be headquartered in the Chicago area.

   Under terms of the agreement, each Vigoro shareholder will receive

0.8 shares of IMC stock, assuming IMC's stock price remains between

$61.875 and $80.00.  IMC's closing price on November 10 was $74.625.

The 0.8 ratio is subject to proportional adjustment down to 0.75 so

that the maximum exchange value for Vigoro stock will remain at $64.00

if IMC stock trades between $80.00 and $85.333.  Similarly, the ratio

will adjust proportionately up to 0.85 so that the minimum exchange

value for Vigoro stock will remain at $49.50 if IMC stock trades

between $58.235 and $61.875.  The exchange ratios and per share amounts

will be adjusted to reflect IMC's previously announced 2-for-1 stock

split.



                                -more-

   The transaction, which will be a tax-free exchange and be accounted

for as a pooling-of-interests, has been approved by the boards of

directors of both companies, is subject to approval by the shareholders

of both companies and necessary regulatory approvals.  The merger is

expected to be completed in early 1996.

   Vigoro has granted IMC an option to acquire 19.9 percent of its

stock upon the occurrence of certain events.  Great American Management

and Investment, Inc.(NASDAQ:GAMI), Vigoro's largest shareholder, has

agreed to vote the approximately 20 percent of Vigoro's shares owned by

it in favor of the merger.

   If IMC stock trades above $85.333, IMC can reassess completion of

the merger or consummate the merger at a 0.75 exchange ratio.

Similarly, if IMC stock trades below $58.235, Vigoro can reassess

completion of the merger or consummate the merger at a 0.85 exchange

ratio.

   "This strategic merger will further our objective of better serving

the growing world market for our products," said Wendell F. Bueche,

chairman and chief executive officer of IMC.  "The strength derived by

the combination of these complementary companies will allow the new

company to compete more effectively in the global crop nutrient

marketplace, with the new IMC as the most efficient producer of potash

and concentrated phosphates."

   "This is a very meaningful day for my partner, Jay Proops, and me as

co-founders of Vigoro," said Joseph P. Sullivan, chairman of Vigoro.

"This merger will allow us to reach the goal we set 11 years ago to

build a company which will provide our customers with the best possible

products and services while becoming the low-cost producer and

distributor.

                                -more-


   "Now we have teamed with a company that shares values and objectives

globally," Sullivan added.  "As I begin the process of moving into a

new phase of my life, I am confident that the legacy of Vigoro will be

enhanced by this vibrant new relationship and that our shareholders,

customers and employees will be well-served."

   Wendell F. Bueche will be chairman and chief executive officer of

the combined company.  Joseph P. Sullivan will become chairman of the

executive committee of the combined companies' board of directors, with

responsibility for board oversight of the merger.

   James D. Speir will remain a director of IMC and will be president

of a group composed of IMC-Agrico Company, the Rainbow Division and the

Animal Feed Ingredient Division.  Robert E. Fowler, Jr. will become

president of a group composed of the combined companies' potash assets,

the FARMARKET (registered trademark) retail network and the Consumer

and Professional Products Group.

   In addition to Mr. Sullivan, Mr. Fowler and Rod Dammeyer, president

and chief executive officer of Great American Management and

Investment, Inc., will be named to the board of the combined company,

together with an additional member of Vigoro's current board, to be

selected later.

   Through its IMC-Agrico joint venture, IMC produces phosphate-based

crop nutrients and animal feed ingredients at six production facilities

in Florida and Louisiana.  IMC also owns and operates two potash mines

and refineries in Saskatchewan, Canada, and one mine and processing

facility in New Mexico.



                                -more-

   Vigoro produces potash at two mines in Saskatchewan and a mine in

Michigan, as well as nitrogen products at two U.S. facilities.  It also

sells crop nutrients and agricultural products and services at 200

FARMARKET (registered trademark) retail stores primarily located in the

Midwestern U.S., and manufactures and distributes branded products for

consumer and professional use.  Vigoro is the recognized expert in

solution mining, an innovative technology used by the company at two of

its potash operations.

   The companies expect to be able to realize meaningful cost savings

in various areas, including logistics and distribution and through the

sharing of mining expertise, as well as the integration of overlapping

administrative functions.

   "This is clearly an exciting day for both organizations as we create

one of the world's leading providers of agricultural crop nutrients,"

said James D. Speir, president and chief operating officer of IMC.

"The acknowledged world leader in solution mining is combining with the

pioneer of shaft potash mining in Saskatchewan.  The combination of a

full line of crop nutrient products, enhanced logistical flexibility

and technological expertise presents us with significant opportunities

to serve our customers better."

   "As a result of this merger, we are creating a stronger and more

effective competitor, much better positioned for sustained growth in a

challenging world market," said Robert E. Fowler, Jr., president and

chief executive officer of Vigoro.  "We will provide more value to our

customers and be better able to serve their needs quickly and fully.

The new company will have a much broader platform for expanding its

non-agricultural potash sales, industrial products, and innovative new

specialty technologies."             -more-

   IMC is headquartered in Northbrook, IL and had fiscal 1995 revenues

of more than $1.9 billion.  Vigoro is headquartered in Chicago and

posted calendar 1994 revenues of over $800 million.



   For further information, contact:

   IMC Global Inc.:           Financial, Peter Hong 708-205-4820
                              Media, Thomas C. Pasztor 708-205-4801
                              on issue date 312-329-7530

   The Vigoro Corporation     David A. Prichard 312-819-2370
                              on issue date 312-329-7530

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