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                                                          EXHIBIT 10.7


                            IMC GLOBAL INC.
           1998 STOCK OPTION PLAN FOR NON-EMPLOYEE DIRECTORS


                           I.  INTRODUCTION

          1.1  Purposes.  The purposes of the IMC Global Inc. 1998
Stock Option Plan for Non-Employee Directors (this "Plan") are to (i)
advance the interests of IMC Global Inc. (the "Company") by attracting
and retaining qualified persons who are not officers or employees of
the Company or any subsidiary of the Company for service as directors
of the Company ("Eligible Directors"), (ii) align the interests of the
Eligible Directors and the stockholders of the Company by increasing
the proprietary interests of the Eligible Directors in the Company's
growth and success and (iii) provide enhanced incentives to the
Eligible Directors to act in the long-term best interests of the
Company and its stockholders.

          1.2  Administration.  This Plan shall be administered by a
committee (the "Committee") designated by the Board of Directors of the
Company (the "Board") consisting of two or more members of the Board.
Each member of the Committee shall be a "Non-Employee Director" within
the meaning of Rule 16b-3 under the Securities Exchange Act of 1934, as
amended.  The Committee shall, subject to the terms of this Plan,
interpret this Plan and the application thereof and establish rules and
regulations it deems necessary or desirable for the administration of
this Plan.  All such interpretations, rules and regulations shall be
final, binding and conclusive.  Each option shall be evidenced by a
written agreement (an "Agreement") between the Company and the optionee
setting forth the terms and conditions of such option.

          No member of the Board or the Committee shall be liable for
any act, omission, interpretation, construction or determination made
in connection with this Plan in good faith, and the members of the
Board and the Committee shall be entitled to indemnification and
reimbursement by the Company in respect of any claim, loss, damage or
expense (including attorneys' fees) arising therefrom to the full
extent permitted by law and under any directors' and officers'
liability insurance that may be in effect from time to time.

          A majority of the Committee shall constitute a quorum.  The
acts of the Committee shall be either (i) acts of a majority of the
members of the Committee present at a meeting at which a quorum is
present or (ii) acts approved in writing by all of the members of the
Committee without a meeting.

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          1.3  Shares Available.  Subject to adjustment as provided in
Section 3.6, 270,000 shares of common stock, par value $1.00 per share,
of the Company ("Common Stock") plus the number of shares of Common
Stock available for issuance under the IMC Global Inc. 1994 Stock
Option Plan for Non-Employee Directors, shall be available for grants
of options under this Plan, reduced by the sum of the aggregate number
of shares of Common Stock which become subject to outstanding options.
To the extent that shares of Common Stock subject to an outstanding
option are not issued or delivered by reason of the expiration,
termination, cancellation or forfeiture of such option (other than by
reason of the delivery or withholding of shares of Common Stock to pay
all or a portion of the exercise price of such option), such shares of
Common Stock shall again be available under this Plan.  Shares of
Common Stock shall be made available from authorized and unissued
shares of Common Stock, or authorized and issued shares of Common Stock
reacquired and held as treasury shares or otherwise, or a combination
thereof.

                          II.  STOCK OPTIONS

          2.1  Grants. On the date of each annual meeting of
stockholders of the Company, commencing with the annual meeting of
stockholders of the Company to be held in 1998, each person who is an
Eligible Director immediately after such annual meeting of stockholders
shall be granted an option to purchase 2,500 shares of Common Stock.
If a person is first elected or begins to serve as an Eligible Director
(other than by reason of termination of employment with the Company or
a subsidiary of the Company) on a date other than the date of an annual
meeting of stockholders of the Company, such Eligible Director shall be
granted an option to purchase a number of shares of Common Stock equal
to 2,500, prorated based on the period of service until the date
scheduled for the next annual meeting of stockholders of the Company.
Each option granted pursuant to this Plan shall have an exercise price
per share equal to the Fair Market Value of a share of Common Stock on
the date of grant of such option.  "Fair Market Value" shall mean the
closing transaction price of a share of Common Stock as reported in New
York Stock Exchange Composite Transactions, on the date as of which
such value is being determined or, if there shall be no reported
transaction on such date, on the next preceding date for which a
transaction was reported; provided, however, that Fair Market Value may
be determined by the Committee by whatever means or method as the
Committee, in the good faith exercise of its discretion, shall at such
time deem appropriate.  All options granted under this Plan shall
constitute options which do not meet the requirements of Section 422 of
the Internal Revenue Code of 1986, as amended.

          2.2  Exercises.  Options granted under this Plan shall be
exercisable as follows:

          (a)  Option Period and Exercisability.  Each option granted
under this Plan shall be fully exercisable on and after its date of
grant in accordance with the terms of this Plan.  Each option granted
under this Plan shall expire 10 years after its date of grant.  An
exercisable option, or portion thereof, may be exercised in whole or in
part only with respect to whole shares of Common Stock.
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          (b)  Method of Exercise.  An option may be exercised (i) by
giving written notice to the Company specifying the number of whole
shares of Common Stock to be purchased and accompanied by payment
therefor in full (or arrangement made for such payment to the Company's
satisfaction) either (A) in cash, (B) by delivery (either actual
delivery or by attestation procedures established by the Company) of
previously owned whole shares of Common Stock
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(which the optionee has held for at least six months prior to the
delivery of such shares or which the optionee purchased on the open
market and in each case for which the optionee has good title, free and
clear of all liens and encumbrances) having an aggregate Fair Market
Value, determined as of the date of exercise, equal to the aggregate
purchase price payable by reason of such exercise, (C) in cash by a
broker-dealer acceptable to the Company to whom the optionee has
submitted an irrevocable notice of exercise or (D) a combination of (A)
and (B), in each case to the extent set forth in the Agreement relating
to the option and (ii) by executing such documents as the Company may
reasonably request.  The Company shall have sole discretion to
disapprove of an election pursuant to any of clauses (B)-(D).  Any
fraction of a share of Common Stock which would be required to pay such
purchase price shall be disregarded and the remaining amount due shall
be paid in cash by the optionee.  No certificate representing Common
Stock shall be delivered until the full purchase price therefor has
been paid (or arrangement made for such payment to the Company's
satisfaction).

          (c)  Termination of Directorship.  If an optionee's service
as a director of the Company terminates for any reason, each option
held by such optionee may thereafter be exercised by such optionee (or
such optionee's legal representative or similar person) until and
including the earlier to occur of (i) the date which is two years after
the effective date of such optionee's termination of service as a
director of the Company and (ii) the expiration date of the term of
such option; provided, however, that if such optionee dies during such
period following termination of service as a director of the Company,
such option may thereafter be exercised by such optionee's executor,
administrator, legal representative, beneficiary or similar person
until and including the earlier to occur of (i) the later of (A) the
date which is two years after the effective date of such optionee's
termination of service as a director of the Company and (B) the date
which is one year after the date of such death and (ii) the expiration
date of the term of such option.

                             III.  GENERAL

          3.1  Effective Date and Term of Plan.  This Plan shall be
submitted to the stockholders of the Company for approval and, if
approved by the affirmative vote of a majority of the shares of Common
Stock present in person or represented by proxy at the 1998 annual
meeting of stockholders, shall become effective on the date of such
approval.  No option may be exercised prior to the date of such
stockholder approval.  In the event that this Plan is not approved by
the stockholders of the Company, this Plan and any options granted
hereunder shall be null and void.  This Plan shall terminate 10 years
after its effective date unless terminated earlier by the Board.
Termination of this Plan shall not affect the terms or conditions of
any option granted prior to such termination.
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          3.2  Amendment.  The Board may amend this Plan as it shall
deem advisable, subject to any requirement of stockholder approval
required by applicable law, rule or regulation; provided, however, that
no amendment shall be made without stockholder approval if such
amendment would (i) increase the maximum number of shares of Common
Stock available under this Plan (subject to Section 3.6) or (ii) extend
the term of this Plan.  No amendment may impair the rights of a holder
of an outstanding option without the consent of such holder.

          3.3  Agreement.  No option shall be valid until an Agreement
is executed by the Company and the optionee and, upon execution by the
Company and the optionee and delivery of the Agreement to the Company,
such option shall be effective as of the effective date set forth in
the Agreement.

          3.4  Transferability. Unless otherwise specified in the
Agreement relating to an option, options granted hereunder may be
transferable (i) by will or the laws of descent and distribution, (ii)
pursuant to beneficiary designation procedures approved by the Company,
(iii) pursuant to a domestic relations order, (iv) to one or more
family members of the optionee, (v) to a trust or trusts for the
exclusive benefit of the optionee and/or one or more family members of
the optionee, (vi) to a partnership in which the optionee and/or one or
more family members of the optionee are the only partners, (vii) to a
limited liability company in which the optionee and/or one or more
family members of the optionee are the only members, or (viii) to such
other persons or entities as may be specified in the Agreement relating
to an option or approved in writing by the Committee prior to such
transfer.  Except to the extent permitted by the preceding sentence,
each option may be exercised during the optionee's lifetime only by the
optionee or the optionee's legal representative or similar person.
Except as permitted by the second preceding sentence, (i) no option
granted hereunder shall be sold, transferred, assigned, pledged,
hypothecated, encumbered or otherwise disposed of (whether by operation
of law or otherwise) or be subject to execution, attachment or similar
process and (ii) upon any attempt to so sell, transfer, assign, pledge,
hypothecate, encumber or otherwise dispose of any option granted
hereunder, such option and all rights thereunder shall immediately
become null and void.

          3.5  Restrictions on Shares.  Each option granted hereunder
shall be subject to the requirement that if at any time the Company
determines that the listing, registration or qualification of the
shares of Common Stock subject to such option upon any securities
exchange or under any law, or the consent or approval of any
governmental body, or the taking of any other action is necessary or
desirable as a condition of, or in connection with, the exercise of
such option or the delivery of shares thereunder, such option shall not
be exercised and such shares shall not be delivered unless such
listing, registration, qualification, consent, approval or other action
shall have been effected or obtained, free of any conditions not
acceptable to the Company.  The Company may require that certificates
evidencing shares of Common Stock delivered pursuant to any option
hereunder bear a legend indicating that the sale, transfer or other
disposition thereof by the holder is prohibited except in compliance
with the Securities Act of 1933, as amended, and the rules and
regulations thereunder.

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          3.6  Adjustment.  In the event of a stock split, stock
dividend, recapitalization, reorganization, merger, consolidation,
combination, exchange of shares, liquidation, spin-off or other similar
change in capitalization or event, or any distribution to holders of
Common Stock other than a regular cash dividend, the number and type of
securities available under this Plan, the number and type of securities
subject to each outstanding option, the purchase price per security and
the number and type of securities subject to each option to be granted
pursuant to this Plan shall be adjusted automatically without an
increase in the aggregate purchase price.  In the event of a merger,
consolidation, recapitalization or other transaction pursuant to which
the outstanding shares of Common Stock are converted into securities or
other property of the Company or of any other entity involved in such
transaction, each outstanding option shall be converted automatically
into an option to purchase, for each share of Common Stock subject to
such option, the number of securities or amount of other property into
which each outstanding share of Common Stock is so converted, at a
purchase price for such number of securities or such amount of other
property equal to the exercise price per share of Common Stock subject
to such option; provided, that if the outstanding shares of Common
Stock are converted into cash, each outstanding option shall be
converted automatically into the right to receive, for each share of
Common Stock subject to such option, an amount of cash equal to the
cash into which each outstanding share of Common Stock is so converted,
minus the exercise price per share of Common Stock subject to such
option. If any adjustment would result in a fractional security being
(i) available under this Plan, such fractional security shall be
disregarded, or (ii) subject to an option under this Plan, the Company
shall pay the optionee, in connection with the first exercise of the
option in whole or in part occurring after such adjustment, an amount
in cash determined by multiplying (A) the fraction of such security
(rounded to the nearest hundredth) by (B) the excess, if any, of (x)
the Fair Market Value on the exercise date over (y) the exercise price
of the option.

          3.7  No Right to Continue as a Director.  Neither the
adoption of this Plan nor the grant of any option hereunder shall (i)
confer upon any person any right to continue as a director of the
Company or (ii) affect in any manner the right of the Company or its
stockholders to remove any person as a director of the Company to the
extent that such director may have been removed if this Plan had not
been adopted and no options had been granted hereunder.

          3.8  Rights as a Stockholder.  No person shall have any
rights as a stockholder of the Company with respect to any shares of
Common Stock which are subject to an option granted hereunder until
such person becomes a stockholder of record with respect to such shares
of Common Stock.

          3.9  Designation of Beneficiary.  If permitted by the
Company, an optionee may file with the Committee a written designation
of one or more persons as such optionee's beneficiary or beneficiaries
(both primary and contingent) in the event of the optionee's death.  To
the extent an outstanding option granted hereunder is exercisable, such
beneficiary or beneficiaries shall be entitled to exercise such option.
Each beneficiary designation shall become effective only when filed in
writing with the Committee during the optionee's lifetime on a form
prescribed by the Committee.  The spouse of a married optionee
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domiciled in a community property jurisdiction shall join in any
designation of a beneficiary other than such spouse.  The filing with
the Committee of a new beneficiary designation shall cancel all
previously filed beneficiary designations.  If an optionee fails to
designate a beneficiary, or if all designated beneficiaries of an
optionee predecease the optionee, then each outstanding option granted
hereunder held by such optionee, to the extent exercisable, may be
exercised by such optionee's executor, administrator, legal
representative or similar person.

          3.10  Governing Law.  This Plan, each option granted
hereunder and its related Agreement, and all determinations made and
actions taken pursuant thereto, to the extent not otherwise governed by
the laws of the United States, shall be governed by the laws of the
State of Delaware and construed in accordance therewith without giving
effect to principles of conflicts of laws.