============================================================================

                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549


                               FORM 10-Q

          QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                  THE SECURITIES EXCHANGE ACT OF 1934

           For the quarterly period ended September 30, 2000


                     Commission file number 1-9759


                            IMC Global Inc.
        (Exact name of Registrant as specified in its charter)


               Delaware                           36-3492467
   (State or other jurisdiction of             (I.R.S. Employer
    incorporation or organization)           Identification No.)


                        100 South Saunders Road
                      Lake Forest, Illinois 60045
                            (847) 739-1200
  (Address and telephone number, including area code, of registrant's
                     principal executive offices)

Indicate by check mark whether the Registrant (1) has filed all reports
required  to be filed by Section 13 or 15(d) of the Securities Exchange
Act  of 1934 during the preceding 12 months (or for such shorter period
that  the  Registrant was required to file such reports), and  (2)  has
been subject to such filing requirements for the past 90 days.

                        Yes      X   .  No       .
                              -------     -------

APPLICABLE  ONLY TO CORPORATE ISSUERS:  Indicate the number  of  shares
outstanding of each of the issuer's classes of common stock as  of  the
latest  practicable  date:  114,797,706  shares,  excluding  10,387,683
treasury shares as of November 1, 2000.

============================================================================


PART I. FINANCIAL INFORMATION

Item 1. Financial Statements.

        The   accompanying  interim  condensed  consolidated  financial
        statements  of  IMC Global Inc. (Company) do  not  include  all
        disclosures  normally provided in annual financial  statements.
        These financial statements, which should be read in conjunction
        with  the  consolidated financial statements contained  in  the
        Company's  Annual  Report  on Form  10-K  for  the  year  ended
        December  31,  1999, are unaudited but include all  adjustments
        which  the Company's management considers necessary for a  fair
        presentation.   These adjustments consist of  normal  recurring
        accruals.   Interim results are not necessarily  indicative  of
        the results expected for the full year.

<TABLE>
CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS
(In millions, except per share amounts)
(Unaudited)
<CAPTION>
                                    Three months ended    Nine months ended
                                       September 30         September 30
                                     2000        1999      2000       1999
----------------------------------------------------------------------------
<S>                                <C>         <C>       <C>        <C>

Net sales                          $ 483.4     $ 521.5   $1,610.0   $1,849.1
Cost of goods sold                   419.8       424.3    1,279.4    1,385.9
                                   -------     -------   --------   --------
Gross margins                         63.6        97.2      330.6      463.2

Selling, general and administrative
 expenses                             31.2        32.6      101.9      104.2
Restructuring activity                 1.3           -       (1.2)         -
                                   -------     -------   --------   --------
Operating earnings                    31.1        64.6      229.9      359.0

Interest expense                      37.4        36.5      115.6      115.6
Other (income) expense, net           (1.8)        1.6       (3.4)      (6.5)
                                   -------     -------   --------   --------
Earnings (loss) from continuing operations
 before minority interest             (4.5)       26.5      117.7      249.9
Minority interest                     (6.0)        3.1       (6.2)      27.7
                                   -------     -------   --------   --------
Earnings from continuing operations
 before taxes                          1.5        23.4      123.9      222.2
Provision (benefit) for income taxes  (0.3)        8.8       45.6       83.5
                                   -------     -------   --------   --------
Earnings from continuing operations
 before cumulative effect of a change
 in accounting principle               1.8        14.6       78.3      138.7
Loss from discontinued operations     (8.8)       (1.4)      (8.8)      (5.1)
                                   -------     -------   --------   --------
Earnings (loss) before cumulative
 effect of a change in accounting
 principle                            (7.0)       13.2       69.5      133.6
Cumulative effect of a change in
 accounting principle                    -           -          -       (7.5)
                                   -------     -------   --------   --------
Net earnings (loss)                $  (7.0)    $  13.2   $   69.5   $  126.1
                                   =======     =======   ========   ========
Basic and diluted earnings (loss) per share:
Earnings from continuing operations
 before cumulative effect of a change
 in accounting principle           $  0.02     $  0.13   $   0.68   $   1.21
Loss from discontinued operations    (0.08)      (0.01)     (0.08)     (0.04)
Cumulative effect of a change in
 accounting principle                    -           -          -      (0.07)
                                   -------     -------   --------   --------
Net earnings (loss) per share      $ (0.06)    $  0.12   $   0.60   $   1.10
                                   =======     =======   ========   ========
Basic weighted average number of
 shares outstanding                  114.4       114.4      114.4      114.3

Diluted weighted average number of
 shares outstanding                  114.9       114.5      114.8      114.6


      (See Notes to Condensed Consolidated Financial Statements)
</TABLE>

<TABLE>
CONDENSED CONSOLIDATED BALANCE SHEET
(Dollars in millions)
<CAPTION>
                                            (Unaudited)
                                            September 30,     December 31,
Assets                                          2000             1999
---------------------------------------------------------------------------
<S>                                          <C>               <C>

Current assets:
  Cash and cash equivalents                  $   22.0          $   80.8
  Receivables, net                               72.8             254.2
  Note receivable from affiliate                 59.2                 -
  Inventories, net                              394.8             439.6
  Deferred income taxes                         135.3             135.3
  Other current assets                            4.6              18.0
                                             --------          --------
    Total current assets                        688.7             927.9

Property, plant and equipment, net            3,182.0           3,250.7
Net assets of discontinued operations
 held for sale                                  265.5             301.5
Other assets                                    731.5             715.8
                                             --------          --------
Total assets                                 $4,867.7          $5,195.9
                                             ========          ========

Liabilities and Stockholders' Equity
---------------------------------------------------------------------------
Current liabilities:
  Accounts payable                           $  234.7          $  200.9
  Accrued liabilities                           221.0             260.1
  Short-term debt and current maturities of
   long-term debt                                37.5              29.9
                                             --------          --------
    Total current liabilities                   493.2             490.9

Long-term debt, less current maturities       2,229.6           2,518.7
Deferred income taxes                           573.6             589.6
Other noncurrent liabilities                    472.0             516.6
Stockholders' equity:
  Common stock, $1 par value, authorized
   300,000,000 shares; issued 125,185,301 and
   125,163,572 shares at September 30 and
   December 31, respectively                    125.2             125.2
  Capital in excess of par value              1,693.3           1,698.1
  Accumulated deficit                          (367.0)           (411.1)
  Accumulated other comprehensive loss          (59.5)            (37.3)
  Treasury stock, at cost, 10,387,683 and
   10,676,276 shares at September 30 and
   December 31, respectively                   (292.7)           (294.8)
                                             --------          --------
    Total stockholders' equity                1,099.3           1,080.1
                                             --------          --------
Total liabilities and stockholders' equity   $4,867.7          $5,195.9
                                             ========          ========


      (See Notes to Condensed Consolidated Financial Statements)
</TABLE>


<TABLE>
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(In millions)
(Unaudited)
<CAPTION>
                                                      Nine months ended
                                                        September 30
                                                       2000       1999
------------------------------------------------------------------------
<S>                                                 <C>          <C>

Cash Flows from Operating Activities
  Net earnings                                      $  69.5      $ 126.1
  Adjustments to reconcile net earnings to net
   cash provided by operating activities:
     Depreciation, depletion and amortization         163.0        203.8
     Minority interest                                 (6.2)        26.4
     Deferred income taxes                            (16.0)         3.0
     Other charges and credits, net                   (12.8)        (8.9)
     Changes in:
       Receivables                                    181.4         64.1
       Note receivable from affiliate                 (59.2)           -
       Inventories                                     44.7         70.4
       Other current assets                            17.5         (9.0)
       Accounts payable                                33.8        (40.0)
       Accrued liabilities                            (39.2)       (12.7)
       Net current assets of discontinued operations    5.9            -
                                                    -------      -------
     Net cash provided by operating activities        382.4        423.2
                                                    -------      -------
Cash Flows from Investing Activities
  Capital expenditures                               (105.0)      (211.1)
  Acquisitions, net of cash acquired                      -         (7.9)
  Proceeds from sale of business                          -        263.9
  Proceeds from sale of investment                        -         12.8
  Proceeds from sale of property, plant and equipment   3.2         16.6
                                                    -------      -------
       Net cash provided by (used in) investing
        activities                                   (101.8)        74.3
                                                    -------      -------
       Net cash provided before financing activities  280.6        497.5
                                                    -------      -------
Cash Flows from Financing Activities
  Cash distributions to the unitholders of Phosphate
   Resource Partners Limited Partnership               (4.5)       (21.5)
  Payments of long-term debt                         (338.7)      (158.7)
  Proceeds from issuance of long-term debt, net        52.2         53.1
  Changes in short-term debt, net                       5.0       (391.3)
  Cash distributions to Vigoro Corporation
   preferred stockholders                             (28.2)           -
  Stock options exercised and restricted stock
   awards                                               1.1          2.5
  Cash dividends paid                                 (26.3)       (27.3)
                                                    -------      -------
       Net cash used in financing activities         (339.4)      (543.4)
                                                    -------      -------

Net change in cash and cash equivalents               (58.8)       (45.9)
Cash and cash equivalents - beginning of period        80.8        110.6
                                                    -------      -------
Cash and cash equivalents - end of period           $  22.0      $  64.7
                                                    =======      =======


      (See Notes to Condensed Consolidated Financial Statements)
</TABLE>



NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Dollars in millions, except per share amounts)

1.Restructuring Activities
   ------------------------
  1999 Restructuring Charge
  During  the fourth quarter of 1999, the Company announced  and  began
  implementing   a   Company-wide  rightsizing   program   (Rightsizing
  Program) which was designed to simplify and focus the Company's  core
  businesses.  The key components of the Rightsizing Program were:  (i)
  the  shutdown  and permanent closure of the Nichols and  Payne  Creek
  facilities  at IMC PhosFeed (PhosFeed) resulting from an optimization
  program  that  will  reduce  rock and  concentrate  production  costs
  through higher utilization rates at the lowest-cost facilities;  (ii)
  an asset rightsizing program at IMC Potash (Potash) resulting from  a
  recently  revised mine plan; (iii) the closure of a facility  at  IMC
  Salt   (Salt);  and  (iv)  corporate  and  business  unit   headcount
  reductions.   In  conjunction  with  the  Rightsizing  Program,   the
  Company  recorded a special charge of $179.0 million,  $95.6  million
  after  tax  and minority interest, or $0.83 per share, in the  fourth
  quarter of 1999.

  Activity  related to accruals for the Rightsizing Program during  the
  period January 1, 2000 to September 30, 2000 was as follows:

<TABLE>

                                Accrual as of                Accrual as of
                               January 1, 2000  Cash Paid  September 30, 2000
                               ---------------  ---------  ------------------
   <S>                             <C>           <C>             <C>
   Non-employee exit costs:
     Demolition and closure costs  $ 46.6        $  9.4          $ 37.2
     Other                            5.5           4.9             0.6

   Employee headcount reductions:
     Severance benefits              28.8          24.7             4.1
                                   ------        ------          ------
   Total                           $ 80.9        $ 39.0          $ 41.9
                                   ======        ======          ======
</TABLE>

  The  timing  and  costs of the Rightsizing Program are  generally  on
  schedule  with the time and dollar estimates disclosed in the  fourth
  quarter  of  1999.   During  the  first  nine  months  of  2000,  292
  employees  left the Company in accordance with their target departure
  date.

  1998 Restructuring Charge
  During  the fourth quarter of 1998, the Company developed  and  began
  execution  of  a  plan  to  improve profitability  (Project  Profit).
  Project  Profit  was  comprised of four major  initiatives:  (i)  the
  combination  of  certain activities within the  Potash  and  PhosFeed
  business  units in an effort to realize certain operating  and  staff
  function synergies; (ii) restructuring of the phosphate rock  mining,
  concentrated  phosphate  and salt production/distribution  operations
  and  processes in an effort to reduce costs; (iii) simplification  of
  current  business  activities by eliminating  businesses  not  deemed
  part  of  the  Company's  core competencies; and  (iv)  reduction  of
  operational  and  corporate headcount.  In conjunction  with  Project
  Profit,  the  Company recorded a special charge  of  $193.3  million,
  $113.4  million after tax and minority interest, or $0.99 per  share,
  in the fourth quarter of 1998.

  Activity  related  to accruals for Project Profit during  the  period
  January 1, 2000 to September 30, 2000 was as follows:

<TABLE>

                               Accrual as of                Accrual as of
                              January 1, 2000  Cash Paid  September 30, 2000
                              ---------------  ---------  ------------------
<S>                               <C>           <C>            <C>

  Non-employee exit costs:
    Demolition and closure costs  $ 26.9        $ 10.9         $ 16.0
    Idled leased transportation
     equipment                       8.8           3.6            5.2

      Other                          2.0           0.2            1.8

  Employee headcount reductions:
    Severance benefits               0.4           0.4              -
                                  ------        ------         ------
  Total                           $ 38.1        $ 15.1         $ 23.0
                                  ======        ======         ======

</TABLE>

  The  timing  and  costs of Project Profit are generally  on  schedule
  with  the  time and dollar estimates disclosed in the fourth  quarter
  of 1999.

  As  part  of  Project  Profit, the Company had  written  off  certain
  assets  in 1998.  However, in April and July 2000, certain  of  these
  assets  were  sold to third parties.  This activity was  recorded  in
  the  Statement  of  Operations as an adjustment to the  restructuring
  charge previously recognized for Project Profit.

2.Divestitures
  ------------
  In  the  fourth  quarter of 1999, the Company decided to  discontinue
  its  oil  and  gas  business which primarily consisted  of  Phosphate
  Resource  Partners Limited Partnership's (PLP) interest in  a  multi-
  year  oil  and natural gas exploration program (Exploration  Program)
  with  McMoRan  Exploration Company.  The Company sold  its  interest,
  through  PLP,  in  the  Exploration Program  for  proceeds  of  $32.0
  million.

  In  December  1999,  the Company received Board of Director  approval
  for  a  plan  to  sell the entire IMC Chemicals (Chemicals)  business
  unit.   The  Company  is  currently continuing its  discussions  with
  potential  buyers regarding the sale of Chemicals,  in  whole  or  in
  parts.

  The   Company   is   also  exploring  strategic  options,   including
  divestiture,  for Salt and a related production facility  located  in
  Ogden,  Utah  (Ogden).   Discussions are currently  being  held  with
  potential  buyers  for these businesses.  If a decision  is  made  to
  sell  these  operations, a pre-tax loss on the sale could approximate
  $500.0 million.

  The  Company  believes that it is unlikely that it  can  achieve  the
  previously  anticipated net proceeds in the  range  of  $1.0  billion
  from  the  sales  of  the Salt and Chemicals businesses.   Any  final
  decision  on  asset sales will be based on what maximizes  value  now
  and in the future in the judgment of the Company.

  The  Consolidated Statement of Operations has been restated  for  the
  applicable 1999 periods presented to report the operating results  of
  the  oil  and gas and chemicals businesses as discontinued operations
  in  accordance  with  Accounting Principles  Board  Opinion  No.  30,
  "Reporting the Results of Operations."

  For  financial  reporting  purposes, the assets  and  liabilities  of
  Chemicals,  net  of  the  estimated  loss  on  disposal,  have   been
  classified  as Net assets of discontinued operations held  for  sale.
  See  the  table  below  for  the  detail  of  Chemicals'  assets  and
  liabilities.
<TABLE>
                                               September 30  December 31
                                                   2000          1999
                                               ------------  -----------
     <S>                                        <C>           <C>
     Assets:
           Receivables, net                     $   95.6      $  106.0
           Inventories, net                         40.8          50.7
           Other current assets                      9.1           4.0
            Property, plant and equipment, net     208.7         231.7
           Other assets                              1.8           6.5
                                                --------      --------
     Total assets                                  356.0         398.9

     Liabilities:
           Accounts payable                         38.6          55.9
           Accrued liabilities                      36.7          31.9
           Other noncurrent liabilities             15.2           9.6
                                                --------      --------
     Total liabilities                              90.5          97.4
                                                --------      --------
     Net assets of discontinued operations
      held for sale                             $  265.5      $  301.5
                                                ========      ========
</TABLE>

  In  April  1999,  the Company completed the sale of IMC  AgriBusiness
  (AgriBusiness)  and  received proceeds of $263.9 million  which  were
  used to reduce the Company's outstanding indebtedness.

3.Adoption of SOP 98-5
  --------------------
  In   April   1998,   the   American  Institute  of  Certified  Public
  Accountants  issued Statement of Position (SOP) 98-5,  "Reporting  on
  the  Costs of Start-Up Activities," which mandated that costs related
  to  start-up activities be expensed as incurred, effective January 1,
  1999.   Prior  to  the adoption of SOP 98-5, the Company  capitalized
  its  start-up costs (i.e., pre-operating costs).  The Company adopted
  the  provisions  of  SOP 98-5 in its financial  statements  beginning
  January  1,  1999  and,  accordingly,  recorded  a  charge  for   the
  cumulative effect of an accounting change of $7.5 million,  or  $0.07
  per  share,  after  tax and minority interest, in  order  to  expense
  start-up costs that had been previously capitalized.

4.Sale of Accounts Receivable
  ---------------------------
  In  September  2000, the Company entered into an accounts  receivable
  securitization  facility (Securitization Facility) which  expires  on
  September  28, 2001, unless extended, and in any event no later  than
  September  26, 2003.  The Securitization Facility allows the  Company
  to  sell without recourse, on an on-going basis, certain of its trade
  accounts receivable to a wholly-owned unconsolidated special  purpose
  vehicle  (SPV).   The  SPV  in turn may  sell  an  interest  in  such
  receivables  to  a financial conduit for up to a $100.0  million  net
  investment.   The  proceeds received by the SPV  from  the  financial
  conduit  are  used to pay the Company for a portion of  the  purchase
  price  of  the  receivables.  The SPV pays for the remainder  of  the
  purchase  price  of  the receivables through the  issuance  of  notes
  payable  to  the  Company, which bear interest at the  Federal  Funds
  Rate  (6.5% at September 30, 2000) and are due no later than one year
  after the termination of the Securitization Facility.

  At  September  30,  2000, the outstanding balance of  trade  accounts
  receivable  sold to the SPV was $159.0 million and the net investment
  by  the  financial  conduit was approximately  $93.0  million,  which
  represents  the  sale  of substantially all eligible  receivables  at
  that  date.   The proceeds of the net investment from  the  financial
  conduit   were   used  to  reduce  borrowings  under  the   Company's
  commercial  paper program.  The principal amount of notes  issued  by
  the  SPV  to the Company in connection with the above sale, which  is
  reflected  in  the  Condensed Consolidated  Balance  Sheet  as  "Note
  receivable from affiliate," was $59.2 million.

5.Inventories
  -----------
<TABLE>
                                       September 30    December 31
                                           2000            1999
                                       ------------    -----------
     <S>                                 <C>             <C>
     Products (principally finished)     $ 313.1         $ 358.7
     Operating materials and supplies       90.0            97.8
                                         -------         -------
                                           403.1           456.5
     Less: Inventory allowances              8.3            16.9
                                         -------         -------
       Inventories, net                  $ 394.8         $ 439.6
                                         =======         =======
</TABLE>

6.Operating Segments(a)
  ---------------------
<TABLE>
                                IMC       IMC      IMC
                            PhosFeed(b)  Potash    Salt     Other     Total
                            -----------  ------    ----     -----     -----

   <S>                       <C>        <C>      <C>       <C>      <C>
   Three months ended September 30, 2000
   Net sales from external
    customers                $  281.6   $ 150.5  $  51.3   $    -   $  483.4
   Intersegment net sales        17.6       9.6      0.5        -       27.7
   Gross margins                 13.4      46.6     10.5     (6.9)      63.6
   Operating earnings (loss)      1.0      43.5      3.4    (16.8)      31.1

   Nine months ended September 30, 2000
   Net sales from external
    customers                $  856.7   $ 546.4  $ 206.9   $    -   $1,610.0
   Intersegment net sales        55.2      28.2      1.7        -       85.1
   Gross margins                 87.3     210.5     51.4    (18.6)     330.6
   Operating earnings (loss)     55.5     198.8     26.2    (50.6)     229.9

   Three months ended September 30, 1999
   Net sales from external
    customers                $  325.4   $ 141.2  $  55.0   $ (0.1)  $  521.5
   Intersegment net sales        18.8       9.4      0.5        -       28.7
   Gross margins                 50.7      42.5     13.1     (9.1)      97.2
   Operating earnings (loss)     40.5      42.1      4.9    (22.9)      64.6

   Nine months ended September 30, 1999
   Net sales from external
    customers                $1,122.2   $ 499.6  $ 227.9   $ (0.6)  $1,849.1
   Intersegment net sales        76.5      40.5      1.6        -      118.6
   Gross margins                236.3     182.1     67.3    (22.5)     463.2
   Operating earnings (loss)    205.0     172.4     41.0    (59.4)     359.0

   (a)The  operating results of Chemicals and the oil and gas  business
      have  not been included in the segment information above as these
      businesses have been classified as discontinued operations.   See
      Note 2.
   (b)Effective  January  1, 2000, the Company realigned  its  internal
      management   reporting  structure  by  combining  the  previously
      separate  phosphates and feed ingredients segments.  As a  result
      of  this  change,  segment information for all periods  has  been
      restated  to  combine  IMC Phosphates and  IMC  Feed  Ingredients
      segments as the IMC PhosFeed segment.
</TABLE>

8.Comprehensive Income (Loss)
  -------------------------
  Comprehensive income (loss), net of taxes, was as follows:
<TABLE>

                                  Three months ended    Nine months ended
                                     September 30          September 30
                                   2000        1999      2000        1999
                                   ----        ----      ----        ----
   <S>                           <C>          <C>       <C>         <C>
   Comprehensive income (loss):
     Net earnings (loss)         $ (7.0)      $ 13.2    $ 69.5      $126.1
     Foreign currency
      translation adjustment       (8.1)         2.9     (22.2)       27.8
                                 ------       ------    ------      ------
       Total comprehensive income
        (loss) for the period    $(15.1)      $ 16.1    $ 47.3      $153.9
                                 ======       ======    ======      ======
</TABLE>

9.Earnings Per Share
  ------------------
  The  numerator for both basic and diluted earnings (loss)  per  share
  (EPS)  is:  (i)  earnings  from  continuing  operations  before   the
  cumulative  effect  of  a change in accounting principle;  (ii)  loss
  from discontinued operations; (iii) cumulative effect of a change  in
  accounting  principle  or; (iv) net earnings (loss),  as  applicable.
  The  denominator  for  basic  EPS is the weighted-average  number  of
  shares  outstanding during the period (Denominator).   The  following
  is  a  reconciliation of the Denominator for the  basic  and  diluted
  earnings (loss) per share computations:

<TABLE>
                                  Three months ended    Nine months ended
                                     September 30          September 30
                                   2000        1999      2000       1999
                                   ----        ----      ----       ----

   <S>                            <C>         <C>       <C>        <C>
   Basic EPS shares               114.4       114.4     114.4      114.3
   Effect of dilutive securities    0.5         0.1       0.4        0.3
                                  -----       -----     -----      -----
   Diluted EPS shares             114.9       114.5     114.8      114.6
                                  =====       =====     =====      =====
</TABLE>

  Options to purchase approximately 7.9 million and 6.5 million  shares
  of  common stock as of September 30, 2000 and 1999, respectively, and
  warrants  to  purchase  approximately 8.4 million  shares  of  common
  stock  as  of September 30, 2000 and 1999, were not included  in  the
  computation  of diluted EPS, because the exercise price  was  greater
  than  the  average  market price of the Company's common  stock  and,
  therefore, the effect of their inclusion would be antidilutive.

10.Recently Issued Accounting Guidance
   -----------------------------------
  In  December 1999 the Securities and Exchange Commission (SEC) issued
  Staff  Accounting  Bulletin (SAB) No. 101,  "Revenue  Recognition  in
  Financial  Statements,"  which provides  guidance  regarding  revenue
  recognition.   The  Company  is in the  process  of  determining  the
  impact,  if  any,  this  new  guidance will  have  on  the  Company's
  financial statements.  The effect of any change will be reflected  by
  the  cumulative effect of an accounting change as of January 1, 2000.
  In  May  2000,  the  SEC  deferred the required  effective  date  for
  implementation of SAB No. 101 until the fourth quarter of 2000.

  Effective  in  the fourth quarter 2000, the Company  will  adopt  the
  provisions  of  Emerging Issues Task Force (EITF)  Issue  No.  00-10,
  "Accounting  for  Shipping  and  Handling  Fees  and  Costs,"   which
  provides  guidance regarding classification of shipping and  handling
  costs  in  the Consolidated Statement of Operations.  The Company  is
  in  the  process  of determining the impact this reclassification  of
  costs will have on the Company's financial statements.

  The   Company   believes  that  Statement  of  Financial   Accounting
  Standards  No.  133,  "Accounting  for  Derivative  Instruments   and
  Hedging  Activities,"  which the Company  is  required  to  adopt  on
  January  1,  2001, will not have a material impact on  the  Company's
  financial statements.

Item 2.Management's Discussion and Analysis of Financial Condition  and
       Results of Operations.(1)

       Results of Operations
       ---------------------
       Three  months  ended September 30, 2000 vs. three  months  ended
       September 30, 1999
       ----------------------------------------------------------------
       Overview
       Net  sales for the third quarter of 2000 were $483.4 million and
       gross  margins  were  $63.6 million.  Earnings  from  continuing
       operations  for the third quarter of 2000 were $1.8 million,  or
       $0.02  per  share.   A net loss of $7.0 million,  or  $0.06  per
       share,  included  a  loss from discontinued operations  of  $8.8
       million,  or  $0.08 per share.  Net sales for the third  quarter
       of  1999  were  $521.5  million and  gross  margins  were  $97.2
       million.   Earnings  from continuing operations  for  the  third
       quarter  of  1999 were $14.6 million, or $0.13 per  share.   Net
       earnings  for  the  third quarter of 1999 of $13.2  million,  or
       $0.12  per  share, included a loss from discontinued  operations
       of  $1.4  million, or $0.01 per share.  See Note 2 of  Notes  to
       Condensed Consolidated Financial Statements.

       Net  sales for the third quarter of 2000 decreased seven percent
       from  the  prior  year period while gross margins  decreased  35
       percent.   The decrease in sales and margins was the  result  of
       significantly  reduced  phosphate  pricing,  higher  idle  plant
       costs   from   temporary  production  cutbacks,  increased   raw
       material costs as well as slightly lower potash pricing.   These
       decreases  were partially offset by continued savings from  cost
       reduction programs as well as strong potash volumes.

       The  operating  results  of the Company's  significant  business
       units are discussed in more detail below.

       IMC PhosFeed
       PhosFeed's  net sales for the third quarter of 2000 declined  13
       percent  to  $299.2 million compared to $344.2 million  for  the
       same  period  last  year largely as a result  of  lower  average
       sales  realizations and lower volumes. Lower average concentrate
       sales  prices, driven by decreased average diammonium  phosphate
       (DAP)  realizations,  reduced sales by $32.3  million.   Average
       DAP  prices fell 14 percent to $134 per short ton in  the  third
       quarter of 2000 from $156 per short ton in the third quarter  of
       1999.    Concentrated   phosphates   domestic   sales   volumes,
       primarily  DAP,  rose 36 percent in the third  quarter  of  2000
       while  export  shipments  fell 20 percent.   Overall,  decreased
       shipments    of   concentrated   phosphates,   primarily    DAP,
       unfavorably impacted net sales by $9.7 million.

       Gross  margins  decreased 74 percent to $13.4  million  for  the
       third  quarter of 2000 compared to $50.7 million for  the  third
       quarter  of last year.  This decrease was mainly the  result  of
       the  lower prices discussed above, higher idle plant costs  from
       temporary production cutbacks and increased ammonia and  natural
       gas  costs,  partially  offset by savings  from  cost  reduction
       programs  of  approximately  $15.7  million  and  lower  sulphur
       costs.

       Demand  for  phosphate  products remained depressed  during  the
       third   quarter  of  2000  and  PhosFeed  responded   with   the
       curtailment  of  full operating capacity to stabilize  phosphate
       inventories.   PhosFeed balanced phosphate rock  inventory  with
       demand  by suspending production throughout all phosphate mining
       operations for an approximate two-week period during  the  third
       quarter  of  2000.   Additionally, PhosFeed curtailed  phosphate
       fertilizer   production   at   its  Louisiana   facilities   for
       approximately two months in the third quarter of 2000;  however,
       partial   production  resumed  in  September  2000  to   fulfill
       customer requirements.

       IMC Potash
       Potash's  net sales for the third quarter of 2000 increased  six
       percent  to  $160.1 million compared to $150.6 million  for  the
       same  period  last  year mainly as a result of  higher  volumes.
       Gross  margins  increased ten percent to $46.6 million  for  the
       third quarter of 2000 from $42.5 million for the same period  in
       1999.   Gross margins were positively impacted by higher volumes
       and  savings from cost reduction programs.  These increases were
       partially offset by lower prices.

       IMC Salt
       Salt's  net  sales decreased seven percent to $51.8 million  for
       the  third  quarter of 2000 compared to $55.5  million  for  the
       same  period  in  1999  mainly as  a  result  of  reduced  North
       American highway deicing volumes and prices.

       Gross  margins  decreased 20 percent to $10.5  million  for  the
       third quarter of 2000 from $13.1 million for the same period  in
       1999.   This  decrease  resulted from the lower  North  American
       highway deicing volumes and prices discussed above.

       Key Statistics
       The  following table summarizes the Company's significant  sales
       volumes  and  average selling prices for the three months  ended
       September 30:
<TABLE>
                                             2000           1999
                                             ----           ----
          <S>                                <C>            <C>
          Sales volumes (in thousands of short tons)(a):
          IMC Phosphates                     1,522          1,574
          IMC Potash                         1,943          1,769
          IMC Salt                           1,523          1,649

          Average price per ton(b):
          DAP                                 $134           $156
          Potash                               $79            $81
          Salt                                 $34            $34

          (a)Sales  volumes  include tons sold captively.   Phosphates'
             volumes represent dry product tons, primarily DAP.
          (b)Average prices represent sales made FOB plant/mine.
</TABLE>

       Other (Income) Expense, net
       Other  (income)  expense,  net for the  third  quarter  of  2000
       increased  $3.4 million to $1.8 million of income  from  expense
       of  $1.6  million for the same period in 1999.  This fluctuation
       was  mainly  caused  by  foreign currency transactions  and  the
       absence of a 1999 charge for an insurance deductible payment.

       Minority Interest
       Minority  interest decreased $9.1 million from the  same  period
       last  year.   This  decrease in minority  interest  expense  was
       primarily  the  result of significantly lower earnings  for  IMC
       Phosphates  Company,  a  78.9 percent owned  subsidiary  of  the
       Company, as compared to the prior year period.

       Nine  months  ended  September 30, 2000 vs.  nine  months  ended
       September 30, 1999
       ----------------------------------------------------------------
       Overview
       Net  sales  for the first nine months of 2000 were $1.6  billion
       and   gross   margins  were  $330.6  million.    Earnings   from
       continuing  operations for the first nine months  of  2000  were
       $78.3  million, or $0.68 per share.  Net earnings for the  first
       nine  months  of  2000  of $69.5 million, or  $0.60  per  share,
       included  a  loss from discontinued operations of $8.8  million,
       or  $0.08  per  share.  Net sales for the first nine  months  of
       1999  were  $1.8 billion and gross margins were $463.2  million.
       Earnings  from continuing operations for the first  nine  months
       of  1999  were $138.7 million, or $1.21 per share.  Net earnings
       for  the  first nine months of 1999 of $126.1 million, or  $1.10
       per  share, included a loss from discontinued operations of $5.1
       million,  or  $0.04  per  share, and a cumulative  effect  of  a
       change  in  accounting principle of $7.5 million, or  $0.07  per
       share.   See  Notes  2 and 3 of Notes to Condensed  Consolidated
       Financial Statements.

       Net  sales  for  the  first nine months  of  2000  decreased  13
       percent   from  the  prior  year  period  while  gross   margins
       decreased  29  percent.  The decrease in sales and  margins  was
       mainly  the  result  of significantly reduced phosphate  pricing
       and  volumes,  reduced salt volumes, lower  potash  pricing  and
       higher  raw  material  costs.  These  decreases  were  partially
       offset  by  savings  from cost reduction  programs  as  well  as
       strong potash volumes.

       The  operating  results  of the Company's  significant  business
       units are discussed in more detail below.

       IMC PhosFeed
       PhosFeed's net sales for the first nine months of 2000  declined
       24  percent to $911.9 million compared to $1.2 billion  for  the
       same  period  last year largely as a result of  lower  phosphate
       average   sales   realizations  and  volumes.    Lower   average
       concentrate  sales  prices,  driven  by  decreased  average  DAP
       realizations,  reduced  sales by $161.3  million.   Average  DAP
       prices  fell 21 percent to $132 per short ton in the first  nine
       months  of 2000 from $167 per short ton in the first nine months
       of   1999.    Concentrated  phosphates  export  sales   volumes,
       primarily  DAP,  fell 27 percent for the first  nine  months  of
       2000   while  domestic  shipments  rose  13  percent.   Overall,
       decreased   shipments  of  concentrated  phosphates  unfavorably
       impacted  net  sales  by  an additional $110.1  million.   Also,
       sales  of  uranium and urea decreased $20.2 million as a  result
       of exiting these two businesses as part of Project Profit.

       Gross  margins  decreased 63 percent to $87.3  million  for  the
       first  nine  months of 2000 compared to $236.3 million  for  the
       first  nine months of the prior year.  This decrease was  mainly
       the  result  of  the lower prices and volumes  discussed  above,
       partially  offset  by  savings from cost reduction  programs  of
       approximately $53.9 million.

       IMC Potash
       Potash's  net sales increased six percent to $574.6 million  for
       the  first  nine months of 2000 compared to $540.1  million  for
       the  same  period  in 1999.  Significantly higher  domestic  and
       export sales volumes more than offset reduced prices.

       Gross  margins  increased 16 percent to $210.5 million  for  the
       first  nine  months  of 2000 from $182.1 million  for  the  same
       period  in  1999. Gross margins improved as a result  of  higher
       volumes,  favorable  plant  performance  from  higher  operating
       rates  and  savings  from  cost  reduction  programs,  partially
       offset by lower sales realizations.

       IMC Salt
       Salt's  net  sales decreased nine percent to $208.6 million  for
       the  first  nine months of 2000 compared to $229.5  million  for
       the  same period in 1999.  This decrease was mainly attributable
       to  lower  volumes  as  a  result of the milder  winter  weather
       experienced in the 1999/2000 winter season.

       Gross  margins  decreased 24 percent to $51.4  million  for  the
       first  nine  months  of  2000 from $67.3 million  for  the  same
       period  in  1999.   The  decrease primarily  resulted  from  the
       decreased  volumes discussed above coupled with higher logistics
       costs.

       Key Statistics
       The  following table summarizes the Company's significant  sales
       volumes  and  average selling prices for the nine  months  ended
       September 30:
<TABLE>
                                               2000           1999
                                               ----           ----
          <S>                                  <C>            <C>
          Sales volumes (in thousands of short tons)(a):
          IMC Phosphates                       4,597          5,237
          IMC Potash                           6,971          6,281
          IMC Salt                             7,274          8,294

          Average price per ton(b):
          DAP                                   $132           $167
          Potash                                 $80            $84
          Salt                                   $29            $28

          (a)Sales  volumes  include tons sold captively.   Phosphates'
             volumes represent dry product tons, primarily DAP.
          (b)Average prices represent sales made FOB plant/mine.
</TABLE>

     Other (Income) Expense, net
     Other  (income)  expense, net for the first nine  months  of  2000
     decreased $3.1 million to $3.4 million of income from $6.5 million
     of  income  for  the  same period in 1999.  This  fluctuation  was
     mainly caused by the absence of proceeds received from the sale of
     an  investment  in  the prior year, partially  offset  by  foreign
     currency transactions.

     Minority Interest
     Minority  interest decreased $33.9 million from  the  same  period
     last  year.   This  decrease  in  minority  interest  expense  was
     primarily  the  result  of significantly lower  earnings  for  IMC
     Phosphates Company as compared to the prior year period.

     Restructuring Activities
     ------------------------
     The timing and costs of the Rightsizing Program and Project Profit
     are  generally  on  schedule with the time  and  dollar  estimates
     disclosed  in the fourth quarter of 1999.  During the  first  nine
     months ended September 30, 2000, 292 employees left the Company as
     part  of  the Rightsizing Program in accordance with their  target
     departure  date.    See Note 1 of Notes to Condensed  Consolidated
     Financial Statements.

     Divestitures
     ------------
     In  December 1999, the Company received Board of Director approval
     for a plan to sell the entire Chemicals business unit. The Company
     is  currently  continuing its discussions  with  potential  buyers
     regarding  the  sale  of Chemicals, in whole  or  in  parts.   For
     financial  reporting  purposes,  the  assets  and  liabilities  of
     Chemicals,  net  of  the  estimated loss on  disposal,  have  been
     classified as Net assets of discontinued operations held for sale.
     The   Company  is  also  exploring  strategic  options,  including
     divestiture, for Salt and Ogden.  Discussions are currently  being
     held with potential buyers for these businesses.  If a decision is
     made  to  sell these operations, a pre-tax loss on the sale  could
     approximate $500.0 million.

     The  Company believes that it is unlikely that it can achieve  the
     previously  anticipated net proceeds in the range of $1.0  billion
     from  the  sales of the Salt and Chemicals businesses.  Any  final
     decision on asset sales will be based on what maximizes value  now
     and in the future in the judgment of the Company.

     Sale of Accounts Receivables
     ----------------------------
     In  September  2000,  the Company entered  into  a  Securitization
     Facility which expires on September 28, 2001, unless extended, and
     in any event no later than September 26, 2003.  The Securitization
     Facility  allows the Company to sell without recourse, on  an  on-
     going  basis, certain of its trade accounts receivable to  a  SPV.
     The  SPV  in  turn may sell an interest in such receivables  to  a
     financial conduit for up to a $100.0 million net investment.   The
     proceeds  received by the SPV from the financial conduit are  used
     to  pay  the  Company for a portion of the purchase price  of  the
     receivables.  The SPV pays for the remainder of the purchase price
     of  the  receivables through the issuance of notes payable to  the
     Company,  which bear interest at the Federal Funds Rate  (6.5%  at
     September  30, 2000) and are due no later than one year after  the
     termination of the Securitization Facility.

     At  September 30, 2000, the outstanding balance of trade  accounts
     receivable  sold  to  the  SPV  was $159.0  million  and  the  net
     investment  by  the  financial  conduit  was  approximately  $93.0
     million,  which represents the sale of substantially all  eligible
     receivables at that date.  The proceeds of the net investment from
     the  financial  conduit were used to reduce borrowings  under  the
     Company's commercial paper program.  The principal amount of notes
     issued  by  the  SPV to the Company in connection with  the  above
     sale,  which  is  reflected in the Condensed Consolidated  Balance
     Sheet as "Note receivable from affiliate," was $59.2 million.

     Capital Resources and Liquidity
     --------------------------------
     The  Company  generates significant cash from operations  and  has
     sufficient   borrowing  capacity  to  meet   its   operating   and
     discretionary spending requirements.

     Operating activities generated $382.4 million of cash in the first
     nine  months  of 2000 compared with $423.2 million  for  the  same
     period  in  1999.   The  decrease of $40.8 million  was  primarily
     driven   by  the  depressed  agricultural  economy  which  reduced
     operating  cash  flows.  However, the decrease in  operating  cash
     flows was partially offset by net proceeds received from the  sale
     of  a portion of the Company's receivable interests. See Note 4 of
     Notes to Condensed Consolidated Financial Statements.

     Net cash used in investing activities in the first nine months  of
     2000  of $101.8 million decreased $176.1 million from a source  of
     funds  of $74.3 million in the first nine months of 1999.  Capital
     expenditures in the first nine months of 2000 were $106.1  million
     lower than the prior year as a result of a disciplined program  by
     the  Company  to control the level of expenditures in the  current
     year.   The  Company estimates that its capital expenditures  from
     continuing  operations for 2000 will approximate  $150.0  million,
     after  minority  interest,  and will be  financed  primarily  from
     operations.  The remaining fluctuation in investing activities was
     the  result  of  significant proceeds received from  the  sale  of
     AgriBusiness in the prior year.

     Cash used in financing activities in the first nine months of 2000
     of  $339.4 million decreased $204.0 million from $543.4 million in
     the  first  nine months of 1999.  This decrease in  cash  used  in
     financing  activities was primarily a result  of  lower  net  debt
     payments of $215.4 million in the current year.

     In the third quarter of 2000, the Company amended and restated its
     $650.0  million  long-term credit facility, maturing  in  December
     2002,  by  reducing  the  amount available  to  borrow  under  the
     facility  to $550.0 million, and by amending interest rates,  fees
     and  financial covenants.  Additionally, the Company  renewed  its
     $350.0  million short-term credit facility, extending its maturity
     date  to  September 2001, reducing the amount available to  borrow
     under the facility to $250.0 million, and amending interest rates,
     fees and financial covenants.

     In  the  first  quarter of 2000, the Company's Board of  Directors
     authorized  the  purchase  of up to  5.4  million  shares  of  the
     Company's  stock  through  the use of a forward  stock  repurchase
     program  executed  by a third party financial institution.   Under
     this  authorization, the Company entered into a forward repurchase
     contract  pursuant to which a financial institution purchased  the
     entire  5.4 million shares during the first quarter of 2000.   The
     forward  allows, but does not require, the Company to acquire  the
     shares by March 18, 2002.

Item 3. Market Risk.

        The  Company is exposed to the impact of interest rate  changes
        on  borrowings,  fluctuations in  the  functional  currency  of
        foreign  operations  and  the impact  of  fluctuations  in  the
        purchase price of natural gas, ammonia and sulphur consumed  in
        operations,  as  well  as changes in the market  value  of  its
        financial  instruments.  The Company periodically  enters  into
        derivatives in order to reduce foreign currency risks  and  the
        effects  of  changing raw material prices, but not for  trading
        purposes.  At  September 30, 2000, the  Company's  exposure  to
        these  market  risk  factors was not significant  and  had  not
        materially changed from December 31, 1999.

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings.

        The  Company  was  a defendant, along with other  Canadian  and
        United  States  potash producers, in a class  action  antitrust
        lawsuit  filed  in  federal  court  in  1993.   The  plaintiffs
        alleged  a price-fixing conspiracy among North American  potash
        producers  which began in 1987 and continued until  the  filing
        of  the  complaint.   The  class action complaint  against  all
        defendants,  including the Company, was  dismissed  by  summary
        judgment in January 1997.  The summary judgment dismissing  the
        case  was appealed by the plaintiffs to the United States Court
        of  Appeals  for  the Eighth Circuit (Court of  Appeals).   The
        Court  of  Appeals in a divided opinion (2 to 1)  rendered  its
        decision reversing the grant of summary judgment as to  certain
        defendants, including the Company, and affirming as to  certain
        other  defendants.   The dissent strongly  disagreed  with  the
        majority  opinion, stating that the majority had erred  in  not
        affirming  the  dismissal of the case  as  to  all  defendants.
        According  to the dissent, all of the defendants were  entitled
        to  summary  judgment.   The  Company,  along  with  the  other
        defendants  that remained in the case, obtained a rehearing  of
        the  case from the entire Court of Appeals and the decision  of
        the  Court  of  Appeals  was vacated.  The  case  was  reargued
        before  the entire Court of Appeals on September 13, 1999,  and
        the  Court  of  Appeals  found that the  class  had  failed  to
        present  evidence of collusion sufficient to create  a  genuine
        issue  of  material  fact and affirmed  the  dismissal  of  the
        complaint  by  summary  judgment.   The  plaintiffs   filed   a
        petition  for  a writ of certiorari with the Supreme  Court  of
        the  United States.  In October 2000, the Supreme Court of  the
        United States denied the petition for a writ of certiorari.

        During  1999,  under a consent order with the  state  of  South
        Carolina  and  under  the  supervision  of  the  United  States
        Environmental    Protection   Agency   (EPA),    the    Company
        successfully  deconstructed  its former  fertilizer  production
        facility  in  Spartanburg, South Carolina.   Subsequently,  the
        EPA  performed an expanded site investigation at this facility.
        The   Company  is  negotiating  with  the  EPA  regarding   any
        additional  remedial activities that will be conducted  at  the
        location.   In  a  related development,  on  August  31,  2000,
        approximately  1,200  plaintiffs  filed  claims   against   the
        Company  in  the United States District Court for the  District
        of  South  Carolina, Adams et al. v. IMC Global  Inc.  et  al.,
        over  operation  of  the  Spartanburg plant.  These  plaintiffs
        allege  that  the  Company  generated  materials  during  plant
        operation  that  were  distributed throughout  the  surrounding
        neighborhood.    According  to  plaintiffs,  these   activities
        violated  plaintiffs'  civil rights and  resulted  in  personal
        injury,  wrongful death, fear of disease, and property  damage.
        The  case  is in its early stages and the Company is unable  to
        evaluate  the  merits  of the claims or the  magnitude  of  its
        potential exposure; however, the Company intends to  vigorously
        contest this action.

Item 6. Exhibits and Reports on Form 8-K.

        (a) Exhibits.

            Exhibit No. Description
            ----------- -----------------------------------------------

                 4      Second  Amended  and Restated Five-Year  Credit
                        Agreement dated as of September 29, 2000  among
                        IMC  Global  Inc.,  the financial  institutions
                        parties  thereto and Bank of America, N.A.,  as
                        Administrative Agent

                27      Financial Data Schedule

        (b) Reports on Form 8-K.

            No  reports on Form 8-K have been filed during the  quarter
            ended September 30, 2000.


                      **************************

                              SIGNATURES

Pursuant  to the requirements of the Securities Exchange Act  of  1934,
the  Registrant has duly caused this report to be signed on its  behalf
by the undersigned thereunto duly authorized.

                                IMC GLOBAL INC.

                                by:     /s/  Anne M. Scavone
                                   --------------------------------------
                                        Anne M. Scavone
                                        Vice President and Controller
                                        (on behalf of the Registrant and
                                         as Chief Accounting Officer)


Date:  November 9, 2000



                             Exhibit Index

                                                                   Filed with
Exhibit                                    Incorporated            Electronic
No.     Description                        Herein by Reference to  Submission
------- ---------------------------------- ----------------------  ----------

4       Second  Amended and Restated  Five-                            X
        Year  Credit Agreement dated as  of
        September   29,  2000   among   IMC
        Global    Inc.,    the    financial
        institutions  parties  thereto  and
        Bank    of   America,   N.A.,    as
        Administrative Agent

27      Financial Data Schedule                                        X


SEC File No.  1-9164





-------------------------------

(1)All  statements, other than statements of historical fact, appearing
   under  Part  I,  Item 2, "Management's Discussion  and  Analysis  of
   Financial  Condition and Results of Operations," and Part  II,  Item
   1,  "Legal  Proceedings,"  constitute  "forward-looking  statements"
   within  the meaning of the Private Securities Litigation Reform  Act
   of 1995.

   Factors  that  could cause actual results to differ materially  from
   those   expressed  or  implied  by  the  forward-looking  statements
   include,  but  are  not limited to, the following: general  business
   and  economic  conditions and governmental  policies  affecting  the
   agricultural  industry  in  localities  where  the  Company  or  its
   customers  operate;  weather conditions; the impact  of  competitive
   products;  pressure  on  prices realized  by  the  Company  for  its
   products;  constraints  on  supplies  of  raw  materials   used   in
   manufacturing   certain   of   the  Company's   products;   capacity
   constraints   limiting   the   production   of   certain   products;
   difficulties or delays in the development, production,  testing  and
   marketing of products; difficulties or delays in receiving  required
   governmental  and  regulatory approvals; market  acceptance  issues,
   including  the  failure  of products to generate  anticipated  sales
   levels;  difficulties  in  integrating acquired  businesses  and  in
   realizing  related cost savings and other benefits; the  effects  of
   and  change  in trade, monetary, environmental and fiscal  policies,
   laws  and  regulations; foreign exchange rates and  fluctuations  in
   those  rates; the costs and effects of legal proceedings,  including
   environmental,   and   administrative  proceedings   involving   the
   Company;  success in implementing the Company's various  initiatives
   including  the  divestiture of Chemicals  and  achieving  successful
   strategic  alternatives for the Salt business unit and a  production
   facility  located  in Ogden, Utah; and other risk  factors  reported
   from   time  to  time  in  the  Company's  Securities  and  Exchange
   Commission reports.