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


                  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 March 31, 1999


                         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.)


          2100 Sanders Road                           60062 
         Northbrook, Illinois                       (Zip Code)
(Address of principal executive offices) 


    Registrant's telephone number, including area code: (847) 272-9200


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: 114,472,754 shares, excluding 10,676,276 treasury shares as 
of May 10, 1999.


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

<PAGE>

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, 1998, are unaudited but include all 
         adjustments which the Company's management considers necessary 
         for a fair presentation.  These adjustments consist of normal 
         recurring accruals except as discussed in the following Notes 
         to Condensed Consolidated Financial Statements.  Certain 1998 
         amounts have been reclassified to conform to the 1999 
         presentation.  Interim results are not necessarily indicative 
         of the results expected for the full year.

<TABLE>
CONDENSED CONSOLIDATED STATEMENT OF EARNINGS
(In millions, except per share amounts)
<CAPTION>
                                                  Three months ended
                                                       March 31,
                                                  1999           1998
<S>                                             <C>            <C>  
Net sales                                       $ 769.4        $ 536.5
Cost of goods sold                                558.5          382.6
                                                -------        -------
    Gross margins                                 210.9          153.9
  
Selling, general and administrative expenses       42.3           37.4
Exploration expenses                                1.5            9.5
                                                -------        -------
    Operating earnings                            167.1          107.0
  
Interest expense                                   47.3           21.2
Other (income) expense, net                        (2.5)          (3.9)
                                                -------        -------
Earnings from continuing operations before 
 minority interest                                122.3           89.7
Minority interest                                  13.2            5.4
                                                -------        -------

<PAGE>

Earnings from continuing operations before taxes  109.1           84.3
Provision for income taxes                         40.9           29.6
                                                -------        -------
Earnings from continuing operations before 
 extraordinary item and cumulative effect of a 
 change in accounting principle                    68.2           54.7
Loss from discontinued operations                     -           (6.7)
                                                -------        -------
Earnings before extraordinary item and 
 cumulative effect of a change in accounting 
 principle                                        68.2           48.0
Extraordinary charge - debt retirement               -           (2.7)
Cumulative effect of a change in accounting 
 principle                                        (7.5)             -
                                                -------        -------
    Net earnings                                $  60.7        $  45.3
                                                =======        =======
Basic earnings per share:  
Earnings from continuing operations before 
 extraordinary item and cumulative effect of a 
 change in accounting principle                 $  0.60        $  0.48
Loss from discontinued operations                     -          (0.06)
Extraordinary charge - debt retirement                -          (0.02)
Cumulative effect of a change in accounting 
 principle                                        (0.07)             -
                                                -------        -------
    Net earnings per share                      $  0.53        $  0.40
                                                =======        =======
  
Basic weighted average number of shares 
 outstanding                                      114.3          114.0
  
Diluted earnings per share:  
Earnings from continuing operations before 
 extraordinary item and cumulative effect of 
 a change in accounting principle               $  0.60        $  0.48
Loss from discontinued operations                     -          (0.06)
Extraordinary charge - debt retirement                -          (0.02)
Cumulative effect of a change in accounting 
 principle                                        (0.07)             -
                                                -------        -------
    Net earnings per share                      $  0.53        $  0.40
                                                =======        =======

<PAGE>

Diluted weighted average number of shares 
 outstanding                                       114.5          114.8

</TABLE>

       (See Notes to Condensed Consolidated Financial Statements)

<PAGE>

<TABLE>
CONDENSED CONSOLIDATED BALANCE SHEET
(Dollars in millions)
<CAPTION>
                                           March 31,     December 31,
Assets                                       1999            1998
<S>                                       <C>             <C>
Current assets:  
   Cash and cash equivalents              $    62.2       $   110.6
   Receivables, net                           397.0           421.5
   Inventories, net                           522.4           580.6
   Assets of discontinued operations 
     held for sale                            276.2           273.3
   Deferred income taxes                       91.1            91.1
   Other current assets                        13.1             5.5
                                          ---------       ---------
       Total current assets                 1,362.0         1,482.6

Property, plant and equipment, net          3,728.4         3,697.4
Other assets                                1,250.5         1,276.9
                                          ---------       ---------
Total assets                              $ 6,340.9       $ 6,456.9
                                          =========       =========
    
Liabilities and Stockholders' Equity  
Current liabilities:  
   Accounts payable                       $   221.9       $   255.9
   Accrued liabilities                        225.1           240.9
   Short-term debt and current 
     maturities of long-term debt             293.3           408.3
                                          ---------       ---------
       Total current liabilities              740.3           905.1

Long-term debt, less current maturities     2,616.3         2,638.7
Deferred income taxes                         573.3           566.6
Other noncurrent liabilities                  487.8           486.1

Stockholders' equity:  
   Common stock, $1 par value, authorized 
     300,000,000 shares; issued 125,086,727 
     and 125,072,811 shares at March 31 and 
     December 31, respectively                125.1           125.0
   Capital in excess of par value           1,696.7         1,697.3
   Retained earnings                          450.6           400.6
   Accumulated other comprehensive income     (54.7)          (66.3)

<PAGE>

   Treasury stock, at cost, 10,676,276 
     and 10,738,520 shares at March 31 
     and December 31, respectively           (294.5)         (296.2)
                                          ---------       ---------
       Total stockholders' equity           1,923.2         1,860.4
                                          ---------       ---------
Total liabilities and stockholders' 
  equity                                  $ 6,340.9       $ 6,456.9
                                          =========       =========
</TABLE>

        (See Notes to Condensed Consolidated Financial Statements)

<PAGE>

<TABLE>
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(In millions)
<CAPTION>

                                                   Three months ended
                                                        March 31,
                                                     1999      1998
<S>                                                <C>       <C>
Cash Flows from Operating Activities
   Net earnings                                    $  60.7   $  45.3
   Adjustments to reconcile net earnings 
     to net cash provided by operating activities:  
        Depreciation, depletion and amortization      66.0      48.2
        Minority interest                             13.2       5.4
        Deferred income taxes                          6.7       6.3
        Other charges and credits, net                (2.9)    (27.8)
        Changes in:  
          Receivables                                 24.5     (13.3)
          Inventories                                 58.2     (86.7)
          Other current assets                        (7.4)     (0.2)
      Accounts payable                           (34.0)     66.5
          Accrued liabilities                         (7.2)    (17.4)
          Net current assets of discontinued 
            operations                                 6.2         -
                                                   -------   -------
        Net cash provided by operating activities    184.0      26.3
                                                   -------   -------

Cash Flows from Investing Activities
   Capital expenditures                              (80.4)    (88.7)
   Other                                               1.2       1.3
                                                   -------   -------
        Net cash used in investing activities        (79.2)    (87.4)
                                                   -------   -------
        Net cash provided (used) before financing 
          activities                                 104.8     (61.1)
                                                   -------   -------

<PAGE>

Cash Flows from Financing Activities:
   Cash distributions to the unitholders of 
     Phosphate Resource Partners Limited Partnership  (5.0)        -
   Payments of long-term debt                         (0.9)   (728.3)
   Proceeds from issuance of long-term debt, net       5.1     886.3
   Changes in short-term debt, net                  (144.7)    (82.0)
   Stock options exercised and restricted stock 
     awards                                            1.4       7.9
   Cash dividends paid                                (9.1)     (9.1)
   Other                                                 -       0.4
                                                   -------   -------
        Net cash provided by (used in) financing 
          activities                                (153.2)     75.2
                                                   -------   -------

   Net change in cash and cash equivalents           (48.4)     14.1
   Cash and cash equivalents - beginning of 
     period                                          110.6     109.7
                                                   -------   -------
   Cash and cash equivalents - end of period       $  62.2   $ 123.8
                                                   =======   =======
</TABLE>

        (See Notes to Condensed Consolidated Financial Statements)


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

1.  Acquisitions
    ------------

    In April 1998, the Company acquired privately held Harris Chemical 
    Group, Inc. and its Australian affiliate, Harris Chemical Australia 
    Pty Ltd. & Its Controlled Entities (collectively, Harris), for 
    approximately $1.4 billion (Harris Acquisition).  Under the terms 
    of the Harris Acquisition, the Company purchased all Harris equity 
    for approximately $450.0 million in cash and assumed approximately 
    $1.0 billion of debt.  Harris, with annual sales of approximately 
    $800.0 million, is a leading producer of salt, soda ash, boron 
    chemicals and other inorganic chemicals, including potash crop 
    nutrients.

<PAGE>

    For financial statement purposes, the Harris Acquisition was 
    accounted for as a purchase and, accordingly, Harris' results have 
    been included in the consolidated financial statements since the 
    date of acquisition.  The purchase price, which was initially 
    financed through proceeds borrowed under credit facilities and 
    assumed debt, has been allocated to acquired assets and liabilities 
    based on estimated fair values at the date of acquisition.  This 
    allocation resulted in an excess of purchase price over 
    identifiable net assets acquired, or goodwill, of approximately 
    $326.0 million which is included in Other assets in the Condensed 
    Consolidated Balance Sheet.  This goodwill is being amortized on a 
    straight-line basis over 40 years.

    The unaudited pro forma information of the Company for the period 
    set forth below gives effect to the Harris Acquisition as if it had 
    occurred as of January 1, 1998.  No pro forma effect is given for 
    the three months ended March 31, 1999 as actual results include the 
    effect of the Harris Acquisition.  The pro forma information is 
    presented for informational purposes only and is not necessarily 
    indicative of the results of operations that actually would have 
    been achieved had the Harris Acquisition been consummated as of 
    that time.

<TABLE>
<CAPTION>
                                                 Three months ended
                                                   March 31, 1998
                                                 ------------------	
    <S>                                                <C>
    Net sales                                          $ 763.7
    Earnings from continuing operations before 
      minority interest                                   94.1
    Earnings from continuing operations before 
      taxes                                               88.7
    Earnings from continuing operations before 
      extraordinary item and cumulative effect 
      of a change in accounting principle                 61.3
    Net earnings                                          49.4
    Net earnings per diluted share                        0.43

</TABLE>

<PAGE>

2.  Restructuring Plan
    ------------------

    During the fourth quarter of 1998, the Company developed and began 
    execution of a plan to improve profitability (Restructuring Plan).  
    The Restructuring Plan was comprised of four major initiatives: (i) 
    the combination of the potash and phosphates business units in an 
    effort to realize certain operating and staff reduction 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 the 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 the Restructuring 
    Plan, the Company recorded pre-tax charges totaling $193.3 million 
    ($162.0 million net of minority interest) in the fourth quarter of 
    1998. 

    The following table summarizes the activity during the period 
    January 1, 1999 to March 31, 1999 of the accruals recorded in 
    conjunction with the Restructuring Plan.

<TABLE>
<CAPTION>
                                  Accrual at                     Accrual at
                               January 1, 1999    Cash Paid    March 31, 1999
                               ---------------    ---------     -------------
    <S>                         <C>           <C>            <C>
    Asset impairments:    
       Facilities closed prior 
        to December 31, 1998    $    -        $    -         $    -
       Facilities to be closed 
        in 1999                      -             -              -
    
    Non-employee exit costs:    
       Demolition and closure 
        costs                     33.6           1.3           32.3
       Idled leased 
        transportation equipment  13.2           1.5           11.7
       Other                       5.3           1.7            3.6
    
    Employee headcount reductions:    
       Severance benefits         17.4          13.1            4.3
       Settlement, curtailment 
        and special termination
        benefits                     -             -              -
    
    Inventories and spare parts of exited businesses:    
       Finished goods inventories    -             -              -
       Spare parts inventories       -             -              -
                                ------        ------         ------
    Total                       $ 69.5        $ 17.6         $ 51.9
                                ======        ======         ======
</TABLE>

<PAGE>

    The timing and costs of the Restructuring Plan are generally on 
    schedule with the original time and dollar estimates disclosed in 
    the fourth quarter of 1998.  During the first quarter of 1999, 51 
    employees, who had accepted a voluntary retirement plan as of 
    December 31, 1998, left the Company in accordance with their target 
    retirement date.

3.  Discontinued Operations
    -----------------------

    The Consolidated Statement of Operations of the Company has been 
    restated to report separately the operating results of IMC 
    AgriBusiness (AgriBusiness) as discontinued operations. See Note 8, 
    "Subsequent Events."     	

    For financial reporting purposes, the assets and liabilities of 
    AgriBusiness to be sold, net of estimated loss on disposal, have 
    been classified in the Consolidated Balance Sheet as Assets of 
    discontinued operations held for sale as follows:

<TABLE>
<CAPTION>
                                              March 31,   December 31,
                                                1999          1998	
                                              ---------   ------------
    <S>                                        <C>          <C>
    Assets:  
      Accounts receivable                      $  78.9      $  63.7
      Inventories                                215.9        157.1
      Other current assets                         0.7          0.5
      Property, plant and equipment, net         140.0        130.4
      Other assets                                 5.3          6.0
                                               -------      -------
    Total assets                                 440.8        357.7

<PAGE>
  
    Liabilities:  
      Accounts payable                           155.4         69.8
      Accrued liabilities                          6.0         11.1
      Other noncurrent liabilities                 3.2          3.5
                                               -------      -------
    Total liabilities                            164.6         84.4
                                               -------      -------
    Assets of discontinued operations 
      held for sale                            $ 276.2      $ 273.3
                                               =======      =======
</TABLE>

4.  Extraordinary Charge - Debt Retirement
    --------------------------------------

    In January 1998, the Company prepaid $120.0 million of unsecured 
    term loans which bore interest at rates ranging between 7.12 
    percent and 7.18 percent which were to mature at various dates 
    between 2000 and 2005.  In connection with the prepayment of such 
    unsecured term loans, the Company recorded an extraordinary charge, 
    net of taxes, of $2.7 million for redemption premiums incurred.  
    This prepayment was financed by net debt proceeds from the issuance 
    in January 1998 of $150.0 million 6.55 percent senior notes due 
    2005 and $150.0 million 7.30 percent debentures due 2028.

5.  Change in Accounting Principle
    ------------------------------

    In April 1998, the American Institute of Certified Public 
    Accountants issued Statement of Position (SOP) 98-5, "Reporting 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 on January 1, 1999 and in accordance with SOP 98-5 
    recorded a charge for the cumulative effect of an accounting change 
    of $7.5 million or $0.07 per share, net of tax benefits and 
    minority interest, in order to expense start-up costs that had been 
    previously capitalized.  The future impact of SOP 98-5 will not be 
    material to the Company's operating results. 

<PAGE>

6.  Operating Segments
    ------------------

    Segment information for 1999 and 1998 was as follows(a):
<TABLE>
<CAPTION>
                  IMC-Agrico  IMC      IMC       IMC  
                  Phosphates Kalium    Salt   Chemicals Other(b)  Total
                  ---------- ------    ----   --------- --------  -----
    <S>             <C>      <C>      <C>      <C>      <C>      <C> 
    Three months ended March 31, 1999
      Net sales from  
        external 
        customers   $337.8   $161.2   $125.0   $100.4   $ 45.0   $769.4
      Intersegment 
        net sales     37.0     25.8      0.6        -        -     63.4
      Gross margins   86.7     69.9     44.7     11.5     (1.9)   210.9
      Operating 
        earnings      77.6     64.9     36.2      4.2    (15.8)   167.1
      
                  IMC-Agrico  IMC      IMC       IMC  
                  Phosphates Kalium    Salt   Chemicals Other(b)  Total
                  ---------- ------    ----   --------- --------  -----
    Three months ended March 31, 1998
      Net sales from 
        external 
        customers   $316.2   $150.2   $    -   $    -   $ 70.1   $536.5
      Intersegment 
        net sales     48.3     25.4        -        -      3.0     76.7
      Gross margins   71.3     76.6        -        -      6.0    153.9
      Operating 
        earnings      61.1     69.9        -        -    (24.0)   107.0

    (a)  The operating results and assets of Great Salt Lake Minerals 
         (GSL), IMC Salt (Salt) and IMC Chemicals (Chemicals), acquired 
         as part of the Harris Acquisition, are included in the segment 
         information since the date of acquisition, April 1998.  See 
         Note 1, "Acquisitions."  The operating results of AgriBusiness    
         have not been included in the segment information provided as 
         this business has been classified as discontinued operations.  
         See Note 3, "Discontinued Operations."

<PAGE>
	
    (b)  Segment information below the quantitative thresholds is 
         attributable to two business units [IMC-Agrico Feed 
         Ingredients (Feed Ingredients) and IMC Vigoro] and corporate 
         headquarters.  The Company produces and markets animal feed 
         ingredients through Feed Ingredients.  IMC Vigoro manufactured 
         and distributed consumer lawn and garden products; produced 
         and marketed professional products for turf, nursery and 
         horticulture markets; and produced and distributed potassium-
         based ice melter products.  IMC Vigoro was sold in June 1998.  
         Corporate headquarters includes the elimination of       
         inter-business unit transactions and oil and gas activities 
         through its interest in Phosphate Resource Partners Limited 
         Partnership.
</TABLE>

7.  Comprehensive Income
    --------------------

    Comprehensive income, net of taxes, was as follows:
<TABLE>
<CAPTION>
                                                   Three months ended
                                                        March 31,
                                                     1999      1998
                                                   ------------------
    <S>                                             <C>       <C>
    Comprehensive income:  
      Net earnings                                  $ 60.7    $ 45.3
      Foreign currency translation adjustment         11.6       2.4
                                                    ------    ------
        Total comprehensive income for the period   $ 72.3    $ 47.7
                                                    ======    ======
</TABLE>

8.  Subsequent Events
    -----------------

    In December 1998, the Company signed an agreement to sell Chemicals 
    with the Company retaining an ongoing minority economic interest.  
    However, due to the recent downturn in performance in the soda ash 
    business, which management believes is temporary, the Company's      
    anticipated sale of the Chemicals business unit will not occur 
    under the terms of the current agreement.  The Company is exploring 
    alternative disposition strategies with the ultimate disposition 

<PAGE>

    expected to be completed by the end of 1999.  No adjustment to the 
    estimated loss on the sale of Chemicals, which was accrued in the 
    fourth quarter of 1998, is warranted at this time as management 
    believes that the value for Chemicals, utilized in the estimated 
    loss calculation, can be received pursuant to one of the proposed 
    alternative disposition strategies.   

    In April 1999, the Company completed the sale of AgriBusiness and 
    received proceeds of approximately $265.0 million which were used 
    to reduce the amount of the Company's outstanding indebtedness.  
    The final sale proceeds still remain subject to the settlement of 
    certain items outlined in the definitive sales agreement.  The 
    Company expects final settlement during the second quarter of 
    1999.  See Note 3, "Discontinued Operations."

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

         Results of Operations
         ---------------------

         Three months ended March 31, 1999 vs. three months ended 
         March 31, 1998 
         --------------------------------------------------------

         Overview
         Net sales for the first quarter ended March 31, 1999 were 
         $769.4 million and gross margins were $210.9 million.  
         Earnings from continuing operations before a cumulative effect 
         of a change in accounting principle, were $68.2 million, or 
         $0.60 per share.  A cumulative effect of a change in 
         accounting principle of $7.5 million, or $0.07 per share, 
         reduced net earnings to $60.7 million, or $0.53 per share.  
         Net sales for the first quarter ended March 31, 1998 were 
         $536.5 million and gross margins were $153.9 million.  

         Earnings from continuing operations before an extraordinary 
         charge were $54.7 million, or $0.48 per share.  Net earnings 
         of $45.3 million, or $0.40 per share were reduced by a loss 
         from discontinued operations of $6.7 million, or $0.06 per 
         share, and an extraordinary charge of $2.7 million, or $0.02 
         per share, related to the early extinguishment of debt.

<PAGE>

         Net sales increased 43 percent from the prior year first 
         quarter while gross margins increased 37 percent from the same 
         period one year ago.  The sales improvement was attributable 
         to continued strong demand for the Company's agricultural 
         products as well as additional revenues from the Harris 
         Acquisition.  Increased international prices and higher 
         domestic sales volumes at IMC-Agrico Phosphates (Phosphates),  
         higher prices and export volumes at IMC Kalium (Kalium), 
         and improved sales, particularly to Asia, at Feed Ingredients 
         contributed to the sales improvement noted above.

         The gross margin increase was primarily attributable to the 
         following: (i) favorable margins from the Harris Acquisition; 
         and (ii) tighter cost controls at Phosphates; partially offset 
         by (iii) reduced margins at Kalium largely attributable to 
         lower domestic volumes and changes in product mix.    

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

         IMC-Agrico Phosphates
         Phosphates' net sales for the first quarter increased $10.3 
         million from $364.5 million in 1998 to $374.8 million in 1999, 
         primarily as a result of higher average concentrates sales 
         realizations and higher uranium sales volumes, partially 
         offset by lower sales volumes of concentrates. Higher average 
         concentrate sales prices of $5.3 million were driven by higher 
         average diammonium phosphate (DAP) realizations.  A decrease 
         of $7.0 million in sales volumes of concentrated phosphates 
         was primarily due to decreased shipments of monoammonium 
         phosphate, granular monoammonium phosphate and granular triple 
         superphosphate, partially offset by increased shipments of 
         merchant acid and DAP.  The decreased shipments were mainly 
         attributable to lower international shipments to certain 
         countries.  Uranium volumes increased net sales by $9.3 
         million as a result of the absence of sales in the prior year 
         caused by a temporary delay pending an anticipated upswing in 
         spot market prices.  

<PAGE>

         Gross margins increased 22 percent to $86.7 million in the 
         first quarter of 1999 compared to $71.3 million in the first 
         quarter of 1998, mainly due to lower production costs and the 
         higher prices discussed above, partially offset by the lower 
         volumes discussed above.  Production costs decreased compared 
         to the prior year's first quarter primarily as a result of 
         improved mining conditions for the phosphate rock operations, 
         as well as the following factors: (i) dry weather; (ii) a 
         reduction in water removal efforts; and (iii) lower raw 
         material costs for purchased ammonia and natural gas.

         IMC Kalium 
         Kalium's net sales increased six percent to $187.0 million in 
         the current quarter from $175.6 million in the prior year   
         quarter. The improvement was primarily due to higher prices 
         resulting from multiple price increases when compared to the 
         same period in the prior year and increased export sales.  
         Increased export sales volumes were slightly offset by lower 
         domestic sales volumes arising from lower domestic demand as 
         North American customers took advantage of favorable pricing 
         terms in the fourth quarter of 1998 by pre-purchasing product 
         that normally would have been sold during the first quarter.  
         Current quarter domestic sales volumes were also negatively 
         affected by poor weather conditions which delayed the start of 
         field work.  

         Gross margins decreased nine percent to $69.9 million for the 
         quarter from $76.8 million in the same period one year ago. 
         This decrease was primarily due to the impact of the lower 
         domestic sales volumes discussed above and higher production 
         costs, partially offset by the increased sales prices 
         discussed above.  The higher production costs were primarily 
         due to increased water control expenditures and resource taxes 
         as well as the impact of product mix.

         IMC Salt
         Salt's net sales were $125.6 million with gross margins of 
         $44.7 million in the current quarter.  These results were 
         higher than comparable pre-acquisition amounts of $92.2 
         million and $37.5 million, respectively.  Salt, a new core  
         business for the Company, was established concurrent with the 
         Harris Acquisition.  Demand for highway and consumer deicing 
         products was generally stronger than the prior year period 
         despite milder than average winter weather. 

<PAGE>

         Other
         The Company's net sales and gross margins in the current 
         quarter included results from Feed Ingredients and Chemicals.  
         Chemicals, with current quarter sales and margins of $100.4  
         million and $11.5 million, respectively, was established 
         concurrent with the Harris Acquisition.  Sales and gross 
         margins at Feed Ingredients increased eight percent and 23 
         percent, respectively, to $43.4 million and $9.2 million, 
         respectively, for the current quarter as compared to the prior 
         year period.  The Feed Ingredients increases were driven by 
         improved sales, particularly to Asia, reduced spending and raw 
         material costs along with lower production costs related to 
         increased production volumes. Partially offsetting these 
         increases in current quarter sales and gross margins, as 
         compared to the same period in the prior year, was the absence 
         of sales and margins for IMC Vigoro as a result of its 
         divestiture during the second quarter of 1998.  See Note 6, 
         "Operating Segments," of Notes to Condensed Consolidated 
         Financial Statements.  

         Key Statistics
         The following table summarizes the Company's core business 
         sales volumes and average selling prices for the three months 
         ended March 31:
<TABLE>
<CAPTION>
                                                   1999        1998
                                                   ----        ----
         <S>                                      <C>         <C>
         Sales volumes (in thousands of short tons)(a):  
           IMC-Agrico Phosphates                  1,690       1,758
           IMC Kalium                             2,157       2,287
           IMC Salt                               5,210         n/a
  
         Average price per ton(b): 
           DAP                                     $176        $171
           Potash                                    86          77
           Salt                                      24         n/a

         (a)  Sales volumes include tons sold captively.  Phosphates' 
              volumes represent dry product tons, primarily DAP.
         (b)  Average prices represent sales made FOB mine/plant.
         n/a  Not applicable as a result of the Harris Acquisition in 
              April 1998.
</TABLE>

<PAGE>

         Selling, General and Administrative Expenses
         Selling, general and administrative expenses increased $4.9 
         million, or 13 percent, to $42.3 million for the current 
         quarter compared to $37.4 million for the first quarter of 
         1998.  This increase was primarily due to  the Harris 
         Acquisition, partially offset by the divestiture of IMC Vigoro 
         in June 1998 and an overall reduction in general corporate 
         spending.  See Note 1, "Acquisitions," of Notes to Condensed 
         Consolidated Financial Statements. 

         Exploration Expenses
         The Company participates in the exploration and production of 
         oil and gas (Exploration Program) through its ownership of 
         Phosphate Resource Partners Limited Partnership (PLP). 
         Exploration expenses of $1.5 million related to the 
         Exploration Program for the three months ended March 31, 1999 
         were largely comprised of geological and geophysical expenses.  
         The decrease from prior year expenses of $9.5 million occurred 
         largely because of the absence of dry hole costs in the 
         current quarter compared to $7.2 million of dry hole costs for 
         the same period in 1998. 

         Interest Expense
         Interest expense totaled $47.3 million in the current quarter, 
         an increase of $26.1 million from the same period in the prior 
         year.  The increase in interest expense was due to increased 
         debt outstanding primarily as a result of debt assumed in 
         connection with the Harris Acquisition. 

         Minority Interest
         Minority interest increased in the current quarter $7.8 
         million from the same period last year to $13.2 million. The 
         increase in minority interest was attributable to higher IMC-
         Agrico Company (IMC-Agrico) earnings and lower exploration 
         expenses in the current quarter as compared to the prior year 
         period.

         Restructuring Plan
         The timing and costs of the Restructuring Plan are generally 
         on schedule with the original time and dollar estimates 
         disclosed in the fourth quarter of 1998.  During the first 
         quarter of 1999, 51 employees, who had accepted a voluntary 
         retirement plan as of December 31, 1998, left the Company in 
         accordance with their target retirement date.  See Note 2, 
         "Restructuring Plan," of Notes to Condensed Consolidated 
         Financial Statements.

<PAGE>

         Divestitures
         In December 1998, the Company signed an agreement to sell 
         Chemicals with the Company retaining an ongoing minority 
         economic interest.  However, due to the recent downturn in 
         performance in the soda ash business, which management 
         believes is temporary, the Company's anticipated sale of 
         Chemicals will not occur under the terms of the current 
         agreement.  The Company is exploring alternative disposition 
         strategies with the ultimate disposition expected to be 
         completed by the end of 1999.  No adjustment to the estimated 
         loss on the sale of Chemicals, which was accrued in the fourth 
         quarter of 1998, is warranted at this time as management 
         believes that the value for Chemicals, utilized in the 
         estimated loss calculation, can be received pursuant to one of 
         the proposed alternative disposition strategies.   

         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 $184.0 million of cash in 1999 
         compared with $26.3 million in 1998.  The increase of $157.7 
         million was primarily due to a decrease in working capital and 
         lower debt fee payments as a result of a reduction in debt 
         issuances. The change in working capital was primarily the 
         result of lower inventory levels in response to the upcoming 
         planting season and increased collection of receivables. 

         Net cash used in investing activities decreased $8.2 million 
         compared with 1998 primarily due to lower capital 
         expenditures.  The decrease primarily related to the absence 
         in 1999 of AgriBusiness capital expenditures as this business 
         has been discontinued.  The Company estimates that its capital 
         expenditures for 1999 will be approximately $250.0 million and 
         will be financed primarily through operations.       

<PAGE>

         Cash generated from financing activities decreased $228.4 
         million in 1999 from a source of funds of $75.2 million to a 
         use of funds of $153.2 million.  This decrease in financing 
         funds was primarily due to lower net debt proceeds in 1999 of 
         $216.5 million and increased cash distributions to the 
         unitholders of Phosphate Resource Partners Limited Partnership 
         of $5.0 million. In April 1999, the Company completed the sale  
         of AgriBusiness and received proceeds of approximately $265.0 
         million which were used to reduce the amount of the Company's 
         outstanding indebtedness.  

         Year 2000 Compliance 
         --------------------

         Like other businesses dependent on modern technology, the 
         Company must address potential Year 2000-related issues.  The 
         Company is progressing through a comprehensive program (Year 
         2000 Program) to evaluate and address the impact of Year 2000-
         related issues on its operational systems, business 
         application software, computer hardware, facilities 
         infrastructure and equipment with embedded technology, and 
         Year 2000-related risks associated with its vendors and 
         customers.  

         The Company's Year 2000-related effort is a cooperative 
         venture coordinated among business units and appropriate 
         members of the Company's senior management.  Progress reviews 
         are held regularly with senior management and the Board of 
         Directors.  As an additional step, the Company has created the 
         position of Year 2000 Risk Manager to provide Company-wide 
         leadership, oversight and coordination of its Year 2000 
         project. 

         State of Readiness
         The Company is using both internal and external resources to 
         implement its Year 2000 Program, which includes the following 
         overlapping phases: (i) system inventory and analysis; (ii) 
         remediation, testing and implementation; and (iii) vendor and 
         customer review.  The Company expects that its Year 2000 
         Program will be substantially complete by the end of the third 
         quarter of 1999. 

<PAGE>

         System Inventory and Analysis Phase  The system inventory and        
         analysis phase consists of compiling a detailed inventory of 
         all of the Company's systems and platforms to determine which 
         items are date sensitive, affected by the Year 2000, and 
         therefore require remediation.  Each of the Company's business 
         units has focused specifically on the following seven target 
         areas: (i) business application software; (ii) mainframe 
         hardware and software; (iii) network servers; (iv) desktop 
         environment; (v) network and telephone systems; (vi) non-
         information technology assets and facilities; and (vii) major 
         suppliers and service providers.  This analysis has involved
         both an internal assessment conducted by Company engineers, 
         technicians and business unit managers, as well as contact 
         with the manufacturers of computer systems and equipment used 
         by the Company in its operations.  Each of the Company's 
         business units has completed its system inventory and analysis 
         phase.  The principal business application systems requiring 
         remediation that were identified by the Company during this 
         stage include the following systems: (i) equipment 
         maintenance; (ii) spare parts inventory; (iii) distribution; 
         (iv) customer order entry; and (v) financial/accounting.  In 
         addition,  some Company plants have identified certain 
         production control systems that will require Year 2000-related 
         remediation in order to remain operative. 

         Remediation, Testing and Implementation Phase  The 
         remediation, testing and implementation phase involves 
         determining and implementing a remediation method (upgrade, 
         replace or discontinue) that is most appropriate for each 
         specific date-sensitive item.   The remediated item is then 
         tested and returned to normal operations when Year 2000-
         related issues have been addressed.  Testing includes 
         functional testing of remedial measures and regression testing 
         to validate that changes have not altered existing 
         functionality.  Several system manufacturers have provided 
         testing procedures for their equipment and have been available 
         for consultations about Year 2000-related testing.  In certain 
         cases, the Company has also retained special consultants to 
         assist with its remediation efforts. The Company expects all 
         of its business units to have substantially completed the 
         remediation, testing and implementation phase in the third 
         quarter of 1999.  

<PAGE>

         As a separate initiative, the Company is implementing its 
         Global Vision Project, an enterprise-wide resource planning 
         (ERP) software package.  Its scope includes accounts payable, 
         inventory, purchasing, general ledger, payroll, human 
         resources and plant maintenance.  This new ERP software and 
         the improvements to the infrastructure hardware required to 
         support the Global Vision Project should further remediate 
         issues associated with the Year 2000. 

         Vendor and Customer Review Phase  Vendor reviews consist of 
         assessing vendor readiness, and if necessary, identifying 
         alternate channels to receive critical materials and/or 
         supplies.  Each business unit has developed a questionnaire 
         that has been submitted to its primary suppliers and vendors 
         to determine their Year 2000-related status.  The business 
         units are currently analyzing the information provided in 
         these responses, and will determine the best way to address 
         any specific issues.  As an additional precaution when 
         appropriate, each business unit's purchase orders now contain 
         a Year 2000-related clause to help ensure that any newly 
         purchased equipment adequately addresses Year 2000-related 
         issues.  

         Although the Company is attempting to monitor and validate the 
         efforts of other parties, it may not have control over the 
         success of these efforts.  In the event that satisfactory 
         commitments from key suppliers are not received, the Company 
         is forming plans for the continuing availability of critical 
         materials and supplies through alternate channels.  In 
         general, however, the Company is satisfied with the progress 
         made by key vendors to date and no critical issues have been 
         identified.  

         In addition to investigating the Company's key suppliers, the 
         Company's business units are also contacting key customers to 
         explain the Company's Year 2000-related efforts and to solicit 
         certain information about each customer's Year 2000-related 
         efforts to assess potential Year 2000-related problems that 
         could affect future orders from such customers. 


<PAGE>

         Costs
         The Company does not currently expect that the costs of 
         addressing its Year 2000-related issues will have a material 
         effect on its financial position, results of operations or 
         liquidity.  Modification costs for Year 2000-related issues 
         are expensed as incurred and are funded through operating cash 
         flows.  In a few limited instances, some business units have 
         deferred certain non-Year 2000-related information technology 
         projects due to their respective Year 2000-related efforts.  
         The Company believes, however, that these deferred projects 
         are not critical to its present or future financial 
         performance or business operations.  The Company estimates its 
         total Year 2000-related technology and non-information 
         technology systems remediation costs to be approximately $6.0 
         million, of which approximately $2.0 million was expended in 
         1998.  The remaining costs will be incurred during 1999.  A 
         sizable portion of these costs represent the redeployment of 
         existing employee resources rather than incremental expenses. 

         Risks
         Progress reports on the Year 2000 Program are presented 
         regularly to the Company's Board of Directors and senior 
         management.  As the program continues, the Company may 
         discover additional Year 2000-related challenges, including 
         that remediation plans are not feasible or that the cost of 
         such plans exceeds current expectations.  In many cases, the 
         Company is relying on written assurances from vendors that the 
         current systems are, or that new or upgraded systems acquired 
         by the Company will adequately address Year 2000-related 
         issues. The Company believes that one of its principal Year 
         2000-related risks is the effect Year 2000-related issues will 
         have on its vendors, especially its utilities vendors.  A 
         substantial part of the Company's day-to-day operations is 
         dependent on power, transportation systems, and 
         telecommunication services, as to which alternative sources of 
         service may not be available.  The Company will continue to 
         investigate the readiness of its suppliers, including 
         utilities, and pursue the availability of alternatives to 
         further diminish the extent of any impact Year 2000-related 
         issues may have on the Company.  Although there can be no 
         assurance that the Company will be able to complete all of the 
         modifications in the required time frame or that no 
         unanticipated events will occur, it is management's belief 

<PAGE>

         that the Company is taking adequate action to address Year 
         2000-related issues.  However, because of the range of 
         possible issues and the large number of variables involved, it 
         is impossible to quantify the potential cost of problems 
         should the Company's remediation efforts or the efforts of 
         those it does business with not be successful.  If either the 
         Company, or the Company's vendors, fail to adequately address 
         Year 2000-related issues, the Company may suffer business 
         interruptions.  If such interruptions cause the Company to be 
         unable to fulfill its obligations to third parties, the 
         Company may potentially be exposed to third-party liability.

         Contingency Planning
         The Company is developing contingency measures to address the 
         possibility that it will not have fully addressed Year 2000-
         related issues by December 31, 1999. Each of the Company's 
         business units is developing a contingency plan based upon 
         templates and suggested procedures that have been provided by 
         the Year 2000 Risk Manager.  Each business unit contingency 
         plan will identify the risk and document the steps that need 
         to be taken to allow the Company to continue to meet the needs 
         of its customers in the event of a Year 2000-related failure.  
         The Company expects each business unit to complete its 
         contingency plan in the third quarter of 1999.

         The above section, even if incorporated by reference into 
         other documents or disclosures, is a Year 2000 Readiness 
         Disclosure as defined under the Year 2000 Information and 
         Readiness Disclosure Act of 1998.

Item 3.  Market Risk.

         The Company is exposed to the impact of interest rate changes, 
         fluctuations in the Canadian currency, and 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 minimize these risks, but not for 
         trading purposes.  At March 31, 1999, the Company's exposure 
         to these market risk factors was not significant and had not 
         materially changed from December 31, 1998. 

<PAGE>

Part II. OTHER INFORMATION

Item 1.  Legal Proceedings.(1) 

         Potash Antitrust Litigation
         ---------------------------
         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 beginning in 1987 and continuing 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).  
         Recently, 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 
         of the defendants.  According to the dissent, all of the 
         defendants were entitled to summary judgment.  The Company, 
         along with the other defendants remaining in the case, intend 
         to seek rehearing of the case from the entire Court of 
         Appeals.

         In addition, in 1993 and 1994, class action antitrust lawsuits 
         with allegations similar to those made in the federal case 
         were filed against the Company and other Canadian and United 
         States  potash producers in state courts in Illinois and 
         California.  The Illinois case was dismissed for failure to 
         state a claim.  In the California litigation, all proceedings 
         have been stayed pending the decision of the Court of Appeals. 

         FTX Merger Litigation
         ---------------------
         In August 1997, five identical class action lawsuits were 
         filed in Chancery Court in Delaware by unitholders of PLP.  
         Each case named the same defendants and broadly alleged that 
         FTX and FMRP Inc. (FMRP) had breached fiduciary duties owed to 
         the public unitholders of PLP.  The Company was alleged to 
         have aided and abetted these breaches of fiduciary duty.

<PAGE>

         In November 1997, an amended class action complaint was filed 
         with respect to all cases.  The amended complaint named the 
         same defendants and raised the same broad allegations of  
         breaches of fiduciary duty against FTX and FMRP for allegedly 
         favoring the interests of FTX and FTX's common stockholders in 
         connection with the FTX Merger.  The plaintiffs claimed  
         specifically that, by virtue of the FTX Merger, the public 
         unitholders' interests in PLP's ownership of IMC-Agrico would 
         become even more subject to the dominant interest of the  
         Company.  The amended complaint seeks certification as a class 
         action and an injunction against the proposed FTX Merger or, 
         in the alternative, rescissionary damages.  The defendants' 
         moved the court to dismiss the amended complaint in November 
         1998.  In May 1999, the plaintiffs agreed to dismiss the 
         action.  Final terms of the dismissal have not yet been 
         determined.

         In May 1998, IMC and PLP (collectively, Plaintiffs) filed a 
         lawsuit (IMC Action) in Delaware Chancery Court against 
         certain former directors of FTX (Director Defendants), and 
         MOXY.  IMC alleges that the Director Defendants, as the 
         directors of PLP's administrative managing general partner 
         FTX, owed duties of loyalty to PLP and its limited partnership 
         unitholders.  IMC  further alleges that the Director 
         Defendants breached their duties by causing PLP to enter into 
         a series of interrelated non-arm's-length transactions with 
         MOXY, an affiliate of FTX. 

         IMC also alleges that MOXY knowingly aided and abetted and 
         conspired with the Director Defendants to breach their 
         fiduciary duties.  On behalf of the PLP public unitholders, 
         IMC seeks to reform or rescind the contracts that PLP entered 
         into with MOXY and to recoup the monies expended as a result 
         of PLP's participation in those agreements.  The Director 
         Defendants and MOXY have filed motions to dismiss the 
         Plaintiffs' claims.  The defendants filed their briefs in  
         support of their motions in January 1999.  IMC filed its 
         amended complaint, and its responses to the motions to dismiss 
         in February 1999.  In response, the Director Defendants filed 
         renewed motions to dismiss which are awaiting argument.  No 
         trial date has been scheduled.  IMC intends to pursue this 
         action vigorously.  

<PAGE>

         In May 1998, Jacob Gottlieb filed an action (Gottlieb Action)     
         on behalf of himself and all other PLP unitholders against the 
         Director Defendants, MOXY and IMC asserting the same claims 
         that IMC asserts in the IMC Action.  Because IMC and PLP had 
         already asserted these claims, IMC has filed a motion to 
         dismiss the Gottlieb Action.  The court has not set a briefing 
         schedule for IMC's motion to dismiss.  IMC intends to defend 
         this action vigorously.

         Other
         -----
         In the ordinary course of its business, the Company is and 
         will from time to time be involved in legal proceedings of a 
         character normally incident to its business.  The Company 
         believes that its potential liability in any such pending or 
         threatened proceedings will not have a material adverse effect 
         on the financial condition or results of operations of the 
         Company.

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

         (a)  Exhibits.

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

              11               Earnings Per Share Computation

              27               Financial Data Schedule

         (b)  Reports on Form 8-K.

              Up to the date of this report, no reports on Form 8-K 
              were filed.

<PAGE>

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

                               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:  May 14, 1999

<PAGE>

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

(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 in the agricultural industry or 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 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; the completion of the 
     Company's Year 2000 program; and the other risk factors reported 
     from time to time in the Company's Securities and Exchange 
     Commission reports.