==========================================================================
                  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 June 30, 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
         Northbrook, Illinois                     60062
    (Address of principal executive             (Zip Code)
               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:  114,476,119  shares,  excluding  10,676,276
treasury shares as of August 9, 1999.

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

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  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     Six months ended
                                       June 30,             June 30,
                                  1999       1998       1999       1998
-------------------------------------------------------------------------
<S>                             <C>        <C>        <C>        <C>
Net sales                       $  765.4   $  793.4   $1,534.8   $1,329.9
Cost of goods sold                 582.7      579.4    1,141.2      962.0
                                --------   --------   --------   --------
    Gross margins                  182.7      214.0      393.6      367.9

Selling, general and
 administrative expenses            43.3       53.9       85.6       91.3
Exploration expenses                 1.9        9.4        3.4       18.9
                                --------   --------   --------   --------
    Operating earnings             137.5      150.7      304.6      257.7

Interest expense                    45.5       55.8       92.8       77.0
Other (income) expense, net         (3.1)      (4.7)      (5.6)      (8.6)
                                --------   --------   --------   --------
Earnings from continuing
 operations before
 minority interest                  95.1       99.6      217.4      189.3
Minority interest                   11.6       11.8       24.8       17.2
                                --------   --------   --------   --------
Earnings from continuing
operations before taxes             83.5       87.8      192.6      172.1
Provision for income taxes          31.3       30.9       72.2       60.5
                                --------   --------   --------   --------
Earnings from continuing
 operations before extraordinary
 item and cumulative effect of a
 change in accounting principle     52.2       56.9      120.4      111.6
Earnings from discontinued
 operations                            -       30.1          -       23.4
                                --------   --------   --------   --------
Earnings before extraordinary item
 and cumulative effect of a change
 in accounting principle            52.2       87.0      120.4      135.0
Extraordinary charge - debt
 retirement                            -          -          -       (2.7)
Cumulative effect of a change in
accounting principle                   -          -       (7.5)         -
                                --------   --------   --------   --------
    Net earnings                $   52.2   $   87.0   $  112.9   $  132.3
                                ========   ========   ========   ========

Basic earnings per share:
Earnings from continuing
 operations before extraordinary
 item and cumulative effect of a
 change in accounting principle $   0.46   $   0.50   $   1.06   $   0.98
Earnings from discontinued
 operations                            -       0.26          -       0.20
Extraordinary charge - debt
 retirement                            -          -          -      (0.02)
Cumulative effect of a change in
 accounting principle                  -          -      (0.07)         -
                                --------   --------   --------   --------
    Net earnings per share      $   0.46   $   0.76   $   0.99   $   1.16
                                ========   ========   ========   ========

Basic weighted average number of
 shares outstanding                114.4      114.3      114.3      114.1

Diluted earnings per share:
Earnings from continuing
 operations before extraordinary
 item and cumulative effect of a
 change in accounting principle $   0.46   $   0.50   $   1.06   $   0.98
Earnings from discontinued
 operations                            -       0.26          -       0.20
Extraordinary charge - debt
 retirement                            -          -          -      (0.02)
Cumulative effect of a change in
 accounting principle                  -          -      (0.07)         -
                                --------   --------   --------   --------
    Net earnings per share      $   0.46   $   0.76   $   0.99   $   1.16
                                ========   ========   ========   ========

Diluted weighted average number of
 shares outstanding                114.6      115.0      114.6      114.8

      (See Notes to Condensed Consolidated Financial Statements)
</TABLE>
<TABLE>
CONDENSED CONSOLIDATED BALANCE SHEET
(Dollars in millions)
<CAPTION
                                             June 30,   December 31,
Assets                                         1999        1998
--------------------------------------------------------------------
<S>                                        <C>          <C>
Current assets:
  Cash and cash equivalents                $     64.9   $    110.6
  Receivables, net                              325.7        421.5
  Inventories, net                              490.5        580.6
  Assets of discontinued operations held
   for sale                                         -        273.3
  Deferred income taxes                          91.1         91.1
  Other current assets                           16.8          5.5
                                           ----------   ----------
     Total current assets                       989.0      1,482.6

Property, plant and equipment, net            3,752.0      3,697.4
Other assets                                  1,220.6      1,276.9
                                           ----------   ----------
Total assets                               $  5,961.6   $  6,456.9
                                           ==========   ==========

Liabilities and Stockholders' Equity
--------------------------------------------------------------------
Current liabilities:
  Accounts payable                         $    176.2   $    255.9
  Accrued liabilities                           246.5        240.9
  Short-term debt and current maturities
   of long-term debt                             19.1        408.3
                                           ----------   ----------
    Total current liabilities                   441.8        905.1
Long-term debt, less current maturities       2,480.6      2,638.7
Deferred income taxes                           574.0        566.6
Other noncurrent liabilities                    484.6        486.1
Stockholders' equity:
  Common stock, $1 par value, authorized
   300,000,000 shares; issued 125,150,730
   and 125,072,811 shares at June 30 and
   December 31, respectively                    125.1        125.0
  Capital in excess of par value              1,697.8      1,697.3
  Retained earnings                             493.6        400.6
  Accumulated other comprehensive income        (41.4)       (66.3)
  Treasury stock, at cost, 10,676,276 and
   10,738,520 shares at June 30 and
   December 31, respectively                   (294.5)      (296.2)
                                           ----------   ----------
  Total stockholders' equity                  1,980.6      1,860.4
                                           ----------   ----------
Total liabilities and stockholders'
 equity                                    $  5,961.6   $  6,456.9
                                           ==========   ==========






      (See Notes to Condensed Consolidated Financial Statements)
</TABLE>
<TABLE>
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(In millions)
<CAPTION>
                                                 Six months ended
                                                     June 30,
                                                 1999        1998
-------------------------------------------------------------------
Cash Flows from Operating Activities
  <S>                                          <C>         <C>
  Net earnings                                 $  112.9    $  132.3
  Adjustments to reconcile net earnings to net
   cash provided by operating activities:
     Depreciation, depletion and amortization     135.3       124.6
     Minority interest                             24.8        17.2
     Deferred income taxes                          7.4       (56.7)
     Other charges and credits, net                14.1      (117.4)
     Changes in:
       Receivables                                 95.8       (53.8)
       Inventories                                 90.1        46.7
       Other current assets                        (1.8)       43.0
       Accounts payable                           (79.7)      (66.5)
       Accrued liabilities                         14.2       105.2
                                              ---------   ---------
     Net cash provided by operating activities    413.1       174.6
                                              ---------   ---------
Cash Flows from Investing Activities
  Capital expenditures                           (156.8)     (174.0)
  Acquisitions, net of cash acquired                  -      (393.3)
  Proceeds from sale of business                  263.9        44.8
  Proceeds from sale of investment                 12.8           -
  Other                                            (5.7)        5.1
                                             ----------   ---------
    Net cash provided by (used in) investing
     activities                                   114.2      (517.4)
                                             ----------   ---------
    Net cash provided (used) before financing
     activities                                   527.3      (342.8)
                                             ----------   ---------
Cash Flows from Financing Activities
  Cash distributions to the unitholders of
  Phosphate Resource Partners Limited
  Partnership                                     (6.5)          -
  Payments of long-term debt                     (90.0)     (842.6)
  Proceeds from issuance of long-term
   debt, net                                       3.0       912.1
  Changes in short-term debt, net               (463.7)      332.0
  Decrease in securitization of accounts
   receivable, net                                   -       (15.8)
  Stock options exercised and restricted stock
   awards                                          2.5         8.6
  Cash dividends paid                            (18.3)      (18.3)
  Other                                              -        (3.1)
                                            ----------   ---------
  Net cash provided by (used in) financing
  activities                                    (573.0)      372.9
                                            ----------   ---------

  Net change in cash and cash equivalents        (45.7)       30.1
  Cash and cash equivalents - beginning of
  period                                         110.6       109.7
                                            ----------   ---------
  Cash and cash equivalents - end of period $     64.9   $   139.8
                                            ==========   =========

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

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 is a leading producer of salt,  soda  ash,
  boron chemicals and other inorganic chemicals, including potash  crop
  nutrients.

  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  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.

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  June  30, 1999 of  the  accruals  recorded  in
  conjunction with the Restructuring Plan.
  <TABLE>
  <CAPTION>

                                Accrual at                 Accrual at
                             January 1, 1999  Cash Paid  June 30, 1999
                             ---------------  ---------  -------------
   <S>                           <C>          <C>           <C>
   Non-employee exit costs:
     Demolition  and  closure    $   33.6     $    2.3      $   31.3
      costs
     Idled leased
      transportation equipment       13.2          2.2          11.0
     Other                            5.3          3.1           2.2

   Employee headcount reductions:
     Severance benefits              17.4         16.3           1.1
                                 --------     --------     ---------
   Total                         $   69.5     $   23.9     $    45.6
                                 ========     ========     =========
</TABLE>

  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 six months of 1999,  62
  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
  -----------------------
  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 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 third quarter of 1999.

4.Divestitures
  ------------
  In  June  1998,  the  Company completed the sale of  its  IMC  Vigoro
  business  unit which consisted primarily of consumer lawn and  garden
  and  professional products for $44.8 million in cash.  In  connection
  with  this  transaction, the Company recorded a non-recurring  charge
  of  approximately $14.0 million, $9.1 million after tax benefits,  or
  $0.08  per  share.   Of the $14.0 million charge,  $4.1  million  was
  included  in  Cost  of goods sold and $9.9 million  was  included  in
  Selling,  general,  and administrative expenses in  the  Consolidated
  Statement of Operations.

5.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.

6.Change in Accounting Principle
  ------------------------------
  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  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 is not expected to be  material  to  the
  Company's operating results.

7.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
                     ----------  ------    ----  ---------  --------   -----
  Three months ended June 30, 1999
  <S>                  <C>       <C>      <C>      <C>      <C>       <C>
   Net sales from
    external
    customers          $373.7    $197.2   $ 47.9   $101.3   $ 45.3  $  765.4
   Intersegment net
    sales                20.7       5.3      0.5        -        -      26.5
   Gross margins         80.3      69.7      9.5     12.3     10.9     182.7
   Operating
    earnings (loss)      71.3      65.4     (0.1)     5.6     (4.7)    137.5

  Six months ended June 30, 1999
   Net sales from
    external customers $711.5    $358.4   $172.9   $201.7   $ 90.3  $1,534.8
   Intersegment net
   sales                 57.7      31.1      1.1        -        -      89.9
   Gross margins        167.0     139.6     54.2     23.8      9.0     393.6
   Operating
   earnings (loss)      148.9     130.3     36.1      9.8    (20.5)    304.6


                      IMC-Agrico    IMC     IMC      IMC
                      Phosphates   Kalium   Salt  Chemicals  Other(b)  Total
                      ----------   ------   ----  ---------  --------  -----
  Three months ended June 30, 1998
   Net sales from
    external customers $407.0     $185.8  $ 40.9   $102.8   $ 56.9  $  793.4
   Intersegment net
    sales                49.6       18.7       -        -        -      68.3
   Gross margins(c)     116.0       78.6     7.2     12.3      4.0     218.1
   Operating
    earnings (loss)(d)  106.4       70.9    (0.9)     6.2    (17.9)    164.7

  Six months ended June 30, 1998
   Net sales from
    external customers $723.2     4336.0  $ 43.3   $102.8   $124.6  $1,329.9
   Intersegment net
    sales                97.9       44.1       -        -      3.0     145.0
   Gross margins(c)     187.3      155.4     7.3     12.3      9.7     372.0
   Operating
   earnings (loss)(d)   167.5      141.1    (1.6)     6.2    (41.5)    271.7

  (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  had  been classified as discontinued  operations  until
      its  divestiture  in  April  1999.   See  Note  3,  "Discontinued
      Operations."

  (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.  See  Note  4,
      "Divestitures."  Corporate headquarters includes the  elimination
      of  inter-business unit transactions and oil and  gas  activities
      through  its  interest  in  Phosphate Resource  Partners  Limited
      Partnership.

  (c) Before  non-recurring charges of $4.1 million related to the  sale
      of IMC Vigoro in June 1998.  See Note 4, "Divestitures."

  (d) Before  non-recurring  charges of $14.0  million  related  to  the
      sale of IMC Vigoro in June 1998.  See Note 4, "Divestitures."
</TABLE>

8.Comprehensive Income
  --------------------
  Comprehensive income, net of taxes, was as follows:
<TABLE>
<CAPTION>
                                   Three months ended  Six months ended
                                        June 30,           June 30,
                                     1999      1998      1999     1998
   --------------------------------------------------------------------
   <S>                             <C>       <C>        <C>      <C>
   Comprehensive income:
     Net earnings                  $  52.2   $  87.0    $112.9   $132.3
     Foreign currency translation
      adjustment                      13.3     (18.4)     24.9    (16.0)
                                   -------   -------    ------   ------
       Total comprehensive income
         for the period            $  65.5   $  68.6    $137.8   $116.3
                                   =======   =======    ======   ======
</TABLE>

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

      Results of Operations

      Three  months ended June 30, 1999  vs.  three months  ended  June
      30, 1998

      Overview
      Net  sales for the second quarter of 1999 were $765.4 million and
      gross  margins  were  $182.7 million.  Earnings  from  continuing
      operations for the second quarter of 1999 were $52.2 million,  or
      $0.46  per share.  Net sales for the second quarter of 1998  were
      $793.4   million  and  gross  margins,  excluding   non-recurring
      charges  of  $4.1  million, related to  the  divestiture  of  IMC
      Vigoro,   were   $218.1   million.   Earnings   from   continuing
      operations  for  the  second  quarter  of  1998,  excluding  non-
      recurring  charges of $9.1 million, or $0.08 per  share,  related
      to  the  divestiture of IMC Vigoro, were $66.0 million, or  $0.58
      per  share.   Including the non-recurring charges, earnings  from
      continuing  operations were $56.9 million, or  $0.50  per  share.
      Net earnings for the second quarter of 1998 of $87.0 million,  or
      $0.76  per  share included earnings from discontinued  operations
      of $30.1 million, or $0.26 per share.

      Net  sales for the second quarter of 1999 decreased four  percent
      from  the  prior year second quarter while gross margins,  before
      non-recurring  charges, decreased 16 percent.   The  decrease  in
      sales  was mainly attributable to reduced domestic sales  volumes
      and  prices at IMC-Agrico Phosphates (Phosphates) as well as  the
      absence  of  sales in the current quarter for IMC  Vigoro,  which
      was  divested in June 1998.  See Note 4, "Divestitures," of Notes
      to  Condensed Consolidated Financial Statements.  These decreases
      were  partially  offset by higher sales at  Salt  resulting  from
      increased  demand  across all product lines and  improved  sales,
      both   to   domestic   and  international  customers,   at   Feed
      Ingredients.

      The  gross margin decrease was primarily attributable to  reduced
      sales  volumes and prices at Phosphates, as discussed above,  and
      lower  margins  at IMC Kalium (Kalium) caused by plant  shutdowns
      to balance supply with demand.

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

      IMC-Agrico Phosphates
      Phosphates' net sales for the second quarter of 1999 declined  14
      percent  to  $394.4 million compared to $456.6  million  for  the
      same period last year largely due to decreased sales volumes  and
      lower   average  sales  realizations.   Decreased  shipments   of
      granular  monoammonium  phosphate  (GMAP)  and  granular   triple
      superphosphate (GTSP), partially offset by a slight  increase  in
      shipments  of diammonium phosphate (DAP) reduced sales  by  $35.3
      million.   These  decreased volumes were mainly  attributable  to
      lower  international shipments to certain countries  as  well  as
      lower  domestic  shipments  resulting from  cutbacks  in  overall
      application  rates  coupled  with  aggressively  priced  imports.
      Lower  average concentrate sales prices, driven by lower  average
      DAP  realizations, reduced sales by $16.2 million.  Additionally,
      sales  of uranium, ammonia and urea decreased $3.7 million,  $2.2
      million and $1.9 million, respectively.

      Gross  margins  decreased 31 percent to  $80.3  million  for  the
      second  quarter  of  1999 compared to $116.0 million  last  year,
      mainly  due  to  higher production costs as  well  as  the  lower
      volumes  and prices discussed above.  Production costs  increased
      compared  to  the  prior  year's second quarter  primarily  as  a
      result  of  higher idle plant costs, partially offset by  reduced
      spending and lower raw material prices.

      IMC Kalium
      Kalium's  net sales were essentially unchanged at $202.5  million
      in  the  second quarter of 1999 as compared to $204.5 million  in
      the prior year quarter.

      Gross  margins  decreased 11 percent to  $69.7  million  for  the
      second quarter of 1999 from $78.6 million in the same period  one
      year  ago. Gross margins were negatively impacted by a change  in
      product  mix as well as by plant shutdowns in the current quarter
      in  an effort to balance supply with demand.  As a result of  the
      shutdowns,  current  quarter  production  costs  increased  eight
      percent.

      IMC Salt
      Salt's  net  sales increased 18 percent to $48.4 million  in  the
      second  quarter of 1999 compared to $40.9 million in  the  second
      quarter  of  1998.   This increase in sales was  attributable  to
      higher  demand  for  salt  products  across  all  product  lines,
      coupled  with  a new midwest marketing strategy and the  addition
      of two distributorships in the United Kingdom.

      Gross  margins  increased  32 percent to  $9.5  million  for  the
      second  quarter of 1999 from $7.2 million in the same period  one
      year  ago  as  a result of increased sales volumes,  particularly
      for  consumer  products  and restocking rock  salt  with  deicing
      customers in the United Kingdom.

      Other
      The  Company's net sales and gross margins in the current quarter
      also  included results for Feed Ingredients and Chemicals.  Sales
      at  Chemicals  of  $101.3 million remained essentially  unchanged
      from  prior  period  sales of $102.8 million.  Gross  margins  at
      Chemicals  for the second quarter of 1999 remained  unchanged  at
      $12.3  million.  Sales and gross margins at Feed Ingredients  for
      the  second quarter of 1999 increased ten percent and 52 percent,
      respectively,  to  $41.9 million and $9.4 million,  respectively,
      as  compared  to  the  prior year period.  The  Feed  Ingredients
      increases  were  driven by improved sales, both to  domestic  and
      international  customers,  and  positive  leveraging   of   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 4, "Divestitures" and Note 7, "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
      June 30:
<TABLE>
<CAPTION>
                                               1999        1998
                                               ----        ----
       <S>                                     <C>         <C>
       Sales volumes (in thousands of short tons)(a):
       IMC-Agrico Phosphates                   1,973       2,161
       IMC Kalium                              2,355       2,435
       IMC Salt                                1,435       1,216

       Average price per ton(b):
       DAP                                      $168        $178
       Potash                                     85          82
       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 mine/plant.
</TABLE>

      Selling, General and Administrative Expenses
      Selling,  general  and  administrative  expenses  decreased  $0.7
      million,  or  two percent, to $43.3 million, before non-recurring
      charges of $9.9 million related to the divestiture of IMC  Vigoro
      in  June 1998.  See Note 4, "Divestitures," 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  PLP.
      Exploration  expenses relate to the Exploration Program  and  are
      largely   comprised  of  geological  and  geophysical   expenses.
      Exploration  expenses totaled $1.9 million in the second  quarter
      of  1999, a decrease of $7.5 million from the same period in  the
      prior  year as a result of the absence of dry hole costs  in  the
      current  quarter compared to $7.1 million of dry hole  costs  for
      the same period in 1998.

      Interest Expense
      Interest expense totaled $45.5 million in the current quarter,  a
      decrease  of  $10.3  million from the same period  in  the  prior
      year.   The  decrease in interest expense was  the  result  of  a
      decrease  in  outstanding  debt primarily  as  a  result  of  the
      paydown   of   debt  assumed  in  connection  with   the   Harris
      Acquisition.

      Six  months ended June 30, 1999  vs.  six months ended  June  30,
      1998

      Overview
      Net  sales for the first six months of 1999 were $1,534.8 million
      and  gross margins were $393.6 million.  Earnings from continuing
      operations  before a cumulative effect of a change in  accounting
      principle,  were $120.4 million, or $1.06 per share. A cumulative
      effect  of  a change in accounting principle of $7.5 million,  or
      $0.07  per  share,  reduced net earnings to  $112.9  million,  or
      $0.99  per  share.  Net sales for the first six  months  of  1998
      were  $1,329.9 million and gross margins, excluding non-recurring
      charges  of  $4.1  million, related to  the  divestiture  of  IMC
      Vigoro,   were   $372.0   million.   Earnings   from   continuing
      operations,  excluding non-recurring charges of $9.1 million,  or
      $0.08  per share, related to the divestiture of IMC Vigoro,  were
      $120.7  million, or $1.06 per share.  Including the non-recurring
      charges,   earnings   from  continuing   operations   before   an
      extraordinary  charge were $111.6 million, or  $0.98  per  share.
      Net  earnings  of  $132.3 million, or $1.16  per  share  included
      earnings from discontinued operations of $23.4 million, or  $0.20
      per  share  and were reduced by an extraordinary charge  of  $2.7
      million,  or  $0.02 per share, related to an early extinguishment
      of  debt.  See  Note  4, "Divestitures," of  Notes  to  Condensed
      Consolidated Financial Statements.

      Net  sales for the first six months of 1999 increased 15  percent
      when  compared to the first six months of the prior  year  period
      while gross margins, before non-recurring charges, increased  six
      percent   from  the  comparable  period  one  year   ago.    This
      improvement  was  largely a consequence  of  additional  revenues
      from  the  former Harris operations partially offset by decreased
      sales   at  Phosphates  as  a  result  of  significantly  reduced
      phosphate pricing and lower domestic volumes.  Additionally,  the
      absence  of  sales in the current period from  IMC  Vigoro  as  a
      result  of  its  divestiture during the second  quarter  of  1998
      further reduced the Company's overall sales improvement from  the
      prior  year  period.  See  Note 4, "Divestitures,"  of  Notes  to
      Condensed Consolidated Financial Statements.

      The   gross   margin  increase  was  primarily  attributable   to
      favorable  margins from the Harris Acquisition  partially  offset
      by  reduced sales volumes and prices at Phosphates, as  discussed
      above,  lower  margins  at Kalium caused by  plant  shutdowns  to
      control inventory and the absence of sales from IMC Vigoro  as  a
      result of its divestiture during the second quarter of 1998.  See
      Note  4,  "Divestitures,"  of  Notes  to  Condensed  Consolidated
      Financial Statements.

      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 six months of 1999  declined
      six  percent to $769.2 million compared to $821.1 million for the
      same  period  last year primarily as a consequence  of  decreased
      concentrate  sales volumes and lower average sales  realizations.
      Decreased  shipments  of GMAP and GTSP, partially  offset  by  an
      increase  in  shipments of DAP reduced sales  by  $42.3  million.
      These   unfavorable  volume  variances  reflected  the  following
      factors:  (i)  a  cutback in overall domestic application  rates,
      (ii)  continued availability of aggressively priced GTSP imports,
      and   (iii)   lower  international  shipments.    Average   sales
      realizations  for  the  first six months  of  1999  decreased  as
      compared to the prior year period primarily as a result of  lower
      domestic and international DAP realizations.

      Gross  margins  declined  11 percent to $167.0  million  for  the
      first  six  months  of 1999 compared to $187.3  million  for  the
      first  six  months  of  last year, mainly because  of  the  lower
      volumes   and  prices  discussed  above,  partially   offset   by
      decreased  production costs.  Production costs  were  lower  when
      compared  to  the prior year's first six months  primarily  as  a
      result  of  the  following:  (i) lower  raw  material  costs  for
      purchased ammonia and natural gas; (ii) favorable variances  from
      phosphate  rock  operations  due to reduced  spending;  partially
      offset   by   (iii)   unfavorable  variances  from   concentrated
      phosphate  operations  created by lower bone  phosphate  of  lime
      levels and higher turnaround amortization.

      IMC Kalium
      Kalium's  net  sales for the first six months of  1999  increased
      two  percent to $389.5 million as compared to $380.1  million  in
      the prior year period.

      Gross  margins  for  the first six months of 1999  decreased  ten
      percent to $139.6 million from $155.4 million in the same  period
      one  year ago. Gross margins were affected by plant shutdowns  in
      the  current  period for inventory control.  Gross  margins  were
      also  negatively  impacted by additional  costs  related  to  the
      acquisition  of GSL as part of the Harris Acquisition.   Finally,
      increased  water control expenditures and resource taxes  in  the
      current period led to a further margin erosion.

      IMC Salt
      Salt's  net  sales for the first six months of 1999  were  $174.0
      million with gross margins of $54.2 million.  These results  were
      higher  than comparable pre-acquisition amounts in the first  six
      months  of 1998 of $133.1 million and $46.8, respectively.   Salt
      was   established  in  April  1998  concurrent  with  the  Harris
      Acquisition; consequently, operating results for the  six  months
      ended   June  30,  1998  included  only  partial  year  activity.
      Increased  demand for salt products across all product  lines,  a
      new   midwest  marketing  strategy  and  the  addition   of   two
      distributorships  in  the United Kingdom  lifted  current  period
      sales  above  those of the prior year period. The rise  in  gross
      margins  resulted from increased sales volumes, particularly  for
      consumer   products  and  restocking  rock  salt   with   deicing
      customers in the United Kingdom.

      Other
      The  Company's  net  sales and gross margins for  the  first  six
      months  of  1999 also included results from Feed Ingredients  and
      Chemicals.   Chemicals,  with sales and  gross  margins  for  the
      first  six  months of 1999 of $201.7 million and  $23.8  million,
      respectively,   was  established  concurrent  with   the   Harris
      Acquisition  in April 1998; consequently, operating  results  for
      the  six  months ended June 30, 1998 included only  partial  year
      activity.   Sales and gross margins at Feed Ingredients  for  the
      first  six months of 1999 increased nine percent and 36  percent,
      respectively,  to $85.3 million and $18.6 million,  respectively,
      as  compared  to  the  prior year period.  The  Feed  Ingredients
      increases  were  driven by improved sales, both to  domestic  and
      international  customers,  lower  production  costs  related   to
      increased  production  volumes, and overall  lower  raw  material
      costs.  Partially  offsetting these increases in  current  period
      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  4,  "Divestitures"  and  Note  7,  "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 six months ended  June
      30:
<TABLE>
<CAPTION>
                                               1999        1998
                                               ----        ----
       <S>                                     <C>         <C>
       Sales volumes (in thousands of short tons)(a):
       IMC-Agrico Phosphates                   3,663       3,919
       IMC Kalium                              4,512       4,722
       IMC Salt(c)                             6,645       4,960

       Average price per ton(b):
       DAP                                      $171        $175
       Potash                                     85          80
       Salt(c)                                    26          26

      (a) Sales  volumes  include  tons  sold  captively.   Phosphates'
          volumes represent dry product tons, primarily DAP.
      (b) Average prices represent sales made FOB mine/plant.
      (c) Salt  was  established  in  April 1998  concurrent  with  the
          Harris  Acquisition.  Information for the six  months  ended
          June 30, 1998 is provided for comparative purposes only.
</TABLE>

      Selling, General and Administrative Expenses
      Selling,  general  and  administrative  expenses  increased  $4.2
      million,  or five percent, to $85.6 million, before non-recurring
      charges of $9.9 million related to the divestiture of IMC  Vigoro
      in  June  1998.   This increase was primarily due to  the  Harris
      Acquisition  as  the prior year's amount for Salt  and  Chemicals
      represented  activity for only the three months  ended  June  30,
      1998.   This increase was partially offset by the divestiture  of
      IMC Vigoro in June 1998.  See Note 1, "Acquisitions" and Note  4,
      "Divestitures,"  of  Notes  to Condensed  Consolidated  Financial
      Statements.

      Exploration Expenses
      Exploration  expenses  totaled $3.4 million  for  the  first  six
      months  of 1999, a decrease of $15.5 million from the same period
      in  the  prior year as a result of the absence of dry hole  costs
      in  the  current period as compared to $14.3 million of dry  hole
      costs for the same period in 1998.

      Interest Expense
      Interest  expense for the first six months of 1999 totaled  $92.8
      million,  an  increase of $15.8 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.

      Other (Income) Expense, Net
      Other  income  for  the first six months of 1999  decreased  $3.0
      million  from  the same period in the prior year.   The  decrease
      was  mainly  attributable to the absence of income received  from
      interest  rate locks associated with January 1998 debt  issuances
      and  higher  debt fee amortization for the first  six  months  of
      1999  as  a  result of refinancing debt assumed as  part  of  the
      Harris Acquisition.

      Minority Interest
      Minority  interest  for the first six months  of  1999  increased
      $7.6  million  from the same period last year to  $24.8  million.
      The  increase  in  minority interest expense was attributable  to
      significantly reduced dry hole cost expenditures in  the  current
      period partially offset by lower IMC-Agrico Company earnings.

      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 six months  of
      1999, 62 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.

      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 $413.1 million of  cash  for  the
      first  six  months of 1999 compared with $174.6 million  for  the
      same  period  in  1998.   The  increase  of  $238.5  million  was
      primarily  a  result  of  a decrease in  working  capital,  lower
      litigation payments 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 based  on  market
      conditions and increased collection of receivables.

      Net  cash  provided  by investing activities for  the  first  six
      months  of 1999 increased $631.6 million compared with  the  same
      period  in 1998 from a use of funds of $517.4 million to a source
      of   funds  of  $114.2  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.  In the  prior
      year,  proceeds of $44.8 million were received from the  sale  of
      IMC  Vigoro while $393.3 million was expended to fund the  Harris
      Acquisition.   See Note 1, "Acquisitions," Note 3,  "Discontinued
      Operations,"  and Note 4, "Divestitures," of Notes  to  Condensed
      Consolidated Financial Statements.  Additionally, current  period
      capital expenditures decreased $17.2 million as a consequence  of
      the  absence  of  capital  expenditures for  AgriBusiness  and  a
      significant  reduction  in  PLP well exploration  activity.   The
      Company estimates that its capital expenditures for 1999 will  be
      approximately  $265.0  million and  will  be  financed  primarily
      through operations.

      Cash   generated  from  financing  activities  decreased   $945.9
      million  for the first six months of 1999 from a source of  funds
      of  $372.9  million  to a use of funds of $573.0  million.   This
      decrease  in financing funds was primarily a result of lower  net
      debt proceeds in 1999 of $952.2 million.  In the prior year,  the
      net  debt  proceeds  were used, in part, to  finance  the  Harris
      Acquisition  which  was funded through the  Company's  commercial
      paper  borrowings.  In  April 1999, the  Company  terminated  its
      Amended  and Restated Credit Agreement which had provided  $250.0
      million  of  credit  support for the Company's  commercial  paper
      program.    This  termination  was  made  possible  through   the
      reduction  of the Company's commercial paper using proceeds  from
      the sale of AgriBusiness as discussed above.

      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.

      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.

      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 have also contacted  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.  While  the
      Company's business units continue to be apprised of the  progress
      made  by  these key customers in addressing their own  Year  2000
      issues,  no guarantees can be made that these key customers  will
      be  Year  2000  compliant by December 31,  1999.   If  these  key
      customers  fail in their attempts to be Year 2000 compliant,  the
      Company   could   potentially  experience  a   delay   in   order
      processing.   In  general, however, the Company's business  units
      are  satisfied  with  the progress made  to  date  by  these  key
      customers.

      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 $7.3  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  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 continues to develop contingency measures to address
      the  possibility that it will not have fully addressed Year 2000-
      related  issues by December 31, 1999. These contingency  measures
      provide  the  Company with an alternative plan of action  in  the
      event  the  Company experiences a shutdown in one of its  mission
      critical  systems,  or  a  failure  in  the  delivery  of  needed
      supplies,   services,  or  equipment.   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.   As  part
      of  the  on-going  contingency  planning  effort,  the  Company's
      business  units  continue  to identify alternative  channels  for
      receiving  critical  supplies from alternate  vendors.   Although
      the   Company   expects  each  business  unit  to  complete   its
      contingency  plan  in  the third quarter of 1999,  each  business
      unit  will continue to revise and supplement its contingency plan
      through December 31, 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  foreign  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 June 30, 1999, the Company's  exposure  to
      these  market  risk  factors  was not  significant  and  had  not
      materially changed from December 31, 1998.

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,  sought
        rehearing  of the case from the entire Court of Appeals,  which
        has been granted.

        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.

        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,  which  IMC  alleges  unfairly
        benefited MOXY and the Director Defendants to PLP's detriment.

        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 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.

        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, the following reports on Form 8-
        K were filed:

                       Report under Items 5 and 7 dated May 27, 1999.


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

                              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:  August 13, 1999

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

(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.