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

                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549


                               FORM 10-Q


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

           For the quarterly period ended September 30, 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 offices)        (Zip Code)


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:  114,479,876  shares,  excluding  10,676,276
treasury shares as of November 3, 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)
(Unaudited)

<CAPTION>

                               Three months ended   Nine months ended
                                 September 30,        September 30,
                                 1999     1998       1999      1998
---------------------------------------------------------------------
<S>                            <C>      <C>        <C>        <C>

Net sales                      $ 625.5  $ 659.5    $2,160.3   $1,989.4
Cost of goods sold               513.9    480.9     1,655.1    1,442.9
                               -------  -------    --------   --------
Gross margins                    111.6    178.6       505.2      546.5

Selling, general and
 administrative expenses          40.2     38.0       125.8      129.3
Exploration expenses               0.8      0.6         4.2       19.5
                               -------  -------    --------   --------
Operating earnings                70.6    140.0       375.2      397.7

Interest expense                  44.1     50.7       136.9      127.7
Other (income) expense, net        3.7      0.9        (1.9)      (7.7)
                               -------  -------    --------   --------
Earnings from continuing
 operations before minority
 interest                         22.8     88.4       240.2      277.7
Minority interest                  1.6     13.2        26.4       30.4
                               -------  -------    --------   --------
Earnings from continuing
 operations before taxes          21.2     75.2       213.8      247.3
Provision for income taxes         8.0     26.5        80.2       87.0
                               -------  -------    --------   --------
Earnings from continuing
 operations before extraordinary
 item and cumulative effect
 of a change in accounting
 principle                        13.2     48.7       133.6      160.3
Earnings (loss) from
 discontinued operations             -    (10.9)          -       12.5
                               -------  -------    --------   --------
Earnings before extraordinary
 item and cumulative effect
 of a change in accounting
 principle                        13.2     37.8       133.6      172.8
Extraordinary charge - debt
 retirement                          -     (0.9)          -       (3.6)
Cumulative effect of a change
 in accounting principle             -        -        (7.5)         -
                               -------  -------    --------   --------
Net earnings                   $  13.2  $  36.9    $  126.1   $  169.2
                               =======  =======    ========   ========
Basic earnings per share:
Earnings from continuing
 operations before extraordinary
 item and cumulative effect
 of a change in accounting
 principle                     $  0.12  $  0.43    $   1.17   $   1.40
Earnings (loss) from
 discontinued operations             -    (0.10)          -       0.11
Extraordinary charge - debt
 retirement                          -    (0.01)          -      (0.03)
Cumulative effect of a change
 in accounting principle             -        -       (0.07)         -
                               -------  -------    --------   --------

Net earnings per share         $  0.12  $  0.32    $   1.10   $   1.48
                               =======  =======    ========    =======
Basic weighted average number
 of shares outstanding           114.4    114.3       114.3      114.2

Diluted earnings per share:
Earnings from continuing
 operations before extraordinary
 item and cumulative effect
 of a change in accounting
 principle                        0.12     0.43        1.17       0.10
Earnings (loss) from
 discontinued operations             -    (0.10)          -       0.10
 operations
Extraordinary charge - debt
 retirement                          -    (0.01)          -      (0.03)
Cumulative effect of a change
 in accounting principle             -        -       (0.07)         -
                               -------  -------    --------   --------
Net earnings per share         $  0.12  $  0.32    $   1.10   $   1.47
                               =======  =======    ========   ========
Diluted weighted average
 number of shares outstanding    114.5    114.6       114.6      114.9


      (See Notes to Condensed Consolidated Financial Statements)

</TABLE>

<TABLE>

CONDENSED CONSOLIDATED BALANCE SHEET
(Dollars in millions)

<CAPTION>

                                            (Unaudited)
                                           September 30,  December 31,
Assets                                         1999           1998
----------------------------------------------------------------------
<S>                                        <C>           <C>
Current assets:
  Cash and cash equivalents                  $   64.7       $  110.6
  Receivables, net                              357.3          421.5
  Inventories, net                              510.2          580.6
  Assets of discontinued operations held
   for sale                                         -          273.3
  Deferred income taxes                          91.1           91.1
  Other current assets                           24.0            5.5
                                             --------       --------
    Total current assets                      1,047.3        1,482.6

Property, plant and equipment, net            3,748.4        3,697.4
Other assets                                  1,224.6        1,276.9
                                             --------       --------

Total assets                                 $6,020.3       $6,456.9
                                             ========       ========

Liabilities and Stockholders' Equity
---------------------------------------------------------------------
Current liabilities:
  Accounts payable                           $  216.0       $  255.9
  Accrued liabilities                           219.6          240.9
  Short-term debt and current maturities
   of long-term debt                             17.8          408.3
                                             --------       --------
    Total current liabilities                   453.4          905.1

Long-term debt, less current maturities       2,535.4        2,638.7
Deferred income taxes                           569.6          566.6
Other noncurrent liabilities                    474.2          486.1
Stockholders' equity:
  Common stock, $1 par value, authorized
   300,000,000 shares; issued 125,152,395
   and 125,072,811 shares at September 30
   and December 31, respectively                125.2          125.0
  Capital in excess of par value              1,697.8        1,697.3
  Retained earnings                             497.7          400.6
  Accumulated other comprehensive income        (38.5)        (66.3)
  Treasury stock, at cost, 10,676,276 and
   10,738,520 shares at September 30 and
   December 31, respectively                   (294.5)       (296.2)
                                             --------       --------
    Total stockholders' equity                1,987.7        1,860.4
                                           --------       --------
Total liabilities and stockholders'
 equity                                    $6,020.3       $6,456.9
                                           ========       ========

      (See Notes to Condensed Consolidated Financial Statements)


</TABLE>

<TABLE>

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
(In millions)

<CAPTION>
                                                   Nine months ended
                                                     September 30,
                                                     1999     1998
---------------------------------------------------------------------
<S>                                               <C>       <C>
Cash Flows from Operating Activities
  Net earnings                                     $ 126.1   $ 169.2
  Adjustments to reconcile net earnings to
   net cash provided by operating activities:
    Depreciation, depletion and amortization         203.8     193.9
    Minority interest                                 26.4      30.4
    Deferred income taxes                              3.0     (12.3)
    Other charges and credits, net                    (8.9)   (166.4)
    Changes in:
      Receivables                                     64.1      16.5
      Inventories                                     70.4     (15.4)
      Other current assets                            (9.0)      3.6
      Accounts payable                               (40.0)    (98.1)
      Accrued liabilities                            (12.7)     82.0
                                                   -------   -------
    Net cash provided by operating activities        423.2     203.4
                                                   -------   -------

Cash Flows from Investing Activities
  Capital expenditures                              (211.1)   (252.2)
  Acquisitions, net of cash acquired                  (7.9)   (393.3)
  Proceeds from sale of business                     263.9      44.8
  Proceeds from sale of investment                    12.8         -
  Other                                               16.6       5.8
                                                   -------   -------
    Net cash provided by (used in) investing
     activities                                       74.3    (594.9)
                                                   -------   -------
    Net cash provided (used) before financing
     activities                                      497.5    (391.5)

Cash Flows from Financing Activities
  Cash distributions to the unitholders of
   Phosphate Resource Partners Limited
   Partnership                                       (21.5)     (6.5)
  Payments of long-term debt                        (158.7)   (997.2)
  Proceeds from issuance of long-term debt, net       53.1   1,194.7
  Changes in short-term debt, net                   (391.3)    252.1
  Decrease in securitization of accounts
   receivable, net                                       -     (61.5)
  Stock options exercised and restricted stock
   awards                                              2.5       8.8
  Cash dividends paid                                (27.5)    (33.9)
  Other                                                  -      (3.1)
                                                   -------   -------
    Net cash provided by (used in) financing
   activities                                       (543.4)    353.4
                                                   -------   -------

Net change in cash and cash equivalents              (45.9)    (38.1)
Cash and cash equivalents - beginning of period      110.6     109.7
                                                   -------   -------
Cash and cash equivalents - end of period          $  64.7   $  71.6
                                                   =======   =======

      (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 Activities
   ------------------------

   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.

<TABLE>

   The  following  table  summarizes the  activity  during  the  period
   January  1,  1999 to September 30, 1999 of the accruals recorded  in
   conjunction with the Restructuring Plan.

<CAPTION>
                             Accrual at                    Accrual at
                          January 1, 1999  Cash Paid   September 30, 1999
                          ---------------  ---------   ------------------
   <S>                        <C>           <C>             <C>
   Non-employee exit costs:
     Demolition and closure
      costs                   $ 33.6        $  4.3          $ 29.3
     Idled leased transporation
      equipment                 13.2           3.6             9.6
     Other                       5.3           3.3             2.0

   Employee headcount reductions:
     Severance benefits         17.4          17.0             0.4
                              ------        ------          ------
   Total                      $ 69.5        $ 28.2          $ 41.3
                              ======        ======          ======

</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 nine months of  1999,
   63  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  in  the  fourth
   quarter of 1999.

4. Divestitures
   ------------

   In  June  1998,  the Company completed the sale of  its  IMC  Vigoro
   business  unit  (IMC Vigoro) 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. Inventories
   -----------

<TABLE>

   Inventories as of September 30, 1999 and December 31, 1998 were as
   follows:

<CAPTION>

                                      September 30,   December 31,
                                          1999            1998
                                      ------------    ------------
   <S>                                  <C>             <C>
   Products (principally finished)       $ 407.6        $ 468.2
   Operating materials and supplies        117.0          136.3
                                         -------        -------
                                           524.6          604.5
   Less: Inventory allowances               14.4           23.9
                                         -------        -------
   Inventories, net                      $ 510.2        $ 580.6
                                         =======        =======

</TABLE>

8. Operating Segments
   ------------------

<TABLE>

   Segment information for 1999 and 1998 was as follows(c):

<CAPTION>

                       IMC       IMC     IMC       IMC
                    Phosphates  Potash   Salt    Chemicals Other(b)   Total
                    ----------  ------   ----    --------- --------   -----
  <S>               <C>       <C>       <C>       <C>      <C>     <C>

  Three months ended September 30, 1999
   Net sales
    from external
    customers       $  283.1  $141.2    $ 55.0    $100.7   $ 45.5  $  625.5
   Intersegment net
    sales               18.8     9.4       0.5         -        -      28.7
   Gross margins        39.8    42.5      13.1      14.6      1.6     111.6
   Operating
    earnings (loss)     31.2    42.1       4.9       7.0    (14.6)     70.6

  Nine months ended September 30, 1999
   Net sales from
    external
    customers       $  994.6  $499.6    $227.9    $302.4   $135.8  $2,160.3
   Intersegment net
    sales               76.5    40.5       1.6         -        -     118.6
   Gross margins       206.8   182.1      67.3      38.4     10.6     505.2
   Operating
    earnings (loss)    180.1   172.4      41.0      16.8    (35.1)    375.2

  Three months ended September 30, 1998
   Net sales from
    external
    customers       $  316.3  $148.1    $ 50.2   $103.0    $ 41.9  $  659.5
   Intersegment net
    sales               36.4    26.3       0.8        -         -      63.5
   Gross margins        86.4    70.9       9.9     14.7      (3.3)    178.6
   Operating
    earnings (loss)     77.2    64.3       2.1      8.9     (12.5)    140.0

  Nine months ended September 30, 1998
   Net sales from
    external
    customers       $1,039.5  $484.1    $ 93.5   $205.8    $166.5  $1,989.4
   Intersegment net
    sales              134.3    70.4       0.8        -       3.0     208.5
   Gross margins(c)    273.7   226.3      17.2     27.0       6.4     550.6
   Operating
    earning (loss)(d)  244.7   205.4      0.5      15.1     (54.0)    411.7

  (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 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>

9.Comprehensive Income
  --------------------

<TABLE>

  Comprehensive income, net of taxes, was as follows:

<CAPTION>

                                 Three months ended  Nine months ended
                                    September 30,      September 30,
                                    1999     1998      1999     1998
                                 -------------------------------------
   <S>                             <C>      <C>        <C>     <C>
   Comprehensive income:
     Net earnings                  $ 13.2    $ 36.9    $126.1  $169.2
     Foreign currency translation
      adjustment                      2.9     (11.5)     27.8   (27.5)
                                   ------    ------    ------  ------
       Total comprehensive income
        for the period             $ 16.1    $ 25.4    $153.9  $141.7
                                   ======    ======    ======  ======

</TABLE>

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

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

       Three  months  ended September 30, 1999 vs. three  months  ended
       September 30, 1998
       ---------------------------------------------------------------

       Overview
       Net  sales for the third quarter of 1999 were $625.5 million and
       gross  margins  were $111.6 million.  Earnings  from  continuing
       operations for the third quarter of 1999 were $13.2 million,  or
       $0.12  per share.  Net sales for the third quarter of 1998  were
       $659.5  million and gross margins were $178.6 million.  Earnings
       from  continuing operations for the third quarter of  1998  were
       $48.7  million, or $0.43 per share.  Net earnings for the  third
       quarter  of  1998  of $36.9 million, or $0.32  per  share,  were
       reduced  by  a  loss  from  discontinued  operations  of   $10.9
       million,  or  $0.10  per share, and an extraordinary  charge  of
       $0.9   million,  or  $0.01  per  share,  related  to  an   early
       extinguishment  of  debt.  See Note 5, "Extraordinary  Charge  -
       Debt  Retirement," of Notes to Condensed Consolidated  Financial
       Statements.

       Net  sales for the third quarter of 1999 decreased five  percent
       from  the prior year third quarter while gross margins decreased
       38  percent.   The decrease in sales was mainly attributable  to
       significantly  reduced  phosphate  pricing  at  IMC   Phosphates
       (Phosphates), lower domestic potash sales volumes at IMC  Potash
       (Potash)  and unfavorable cost variances resulting from extended
       plant  shutdowns to balance supply with demand.  These decreases
       were  partially  offset by higher sales at Salt  resulting  from
       increased  rock  and general trade salt sales  volumes,  coupled
       with  sales  from  the addition of two distributorships  in  the
       United Kingdom during the first quarter of 1999.

       The  gross  margin  decrease was primarily attributable  to  the
       reduced  sales  prices and volumes as well  as  the  unfavorable
       cost variances discussed above.

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

       IMC Phosphates
       Phosphates' net sales for the third quarter of 1999 declined  14
       percent  to  $301.9 million compared to $352.7 million  for  the
       same  period  last  year  largely due  to  lower  average  sales
       realizations. Lower average concentrate sales prices, driven  by
       lower  average diammonium phosphate (DAP) realizations,  reduced
       sales  by  $42.7 million.  Additionally, sales of urea decreased
       $5.7 million.

       Gross margins decreased 54 percent to $39.8 million in the third
       quarter  of 1999 compared to $86.4 million for the third quarter
       of last  year, mainly due to the lower prices discussed above as
       well as  higher  production  costs.  Production  costs increased
       compared to the prior year's third quarter primarily as a result
       of higher idle plant costs, partially offset  by  lower  uranium
       costs and raw material prices.

       IMC Potash
       Potash's  net  sales decreased 14 percent to $150.6  million  in
       the  third  quarter  of 1999 from $174.4 million  for  the  same
       period  in  1998.   Significantly  lower  domestic  volumes  and
       slightly  reduced domestic prices as a result of the weak  North
       American farm economy contributed to the sales decrease.

       Gross  margins  decreased 40 percent to $42.5  million  for  the
       third quarter of 1999 from $70.9 million for the same period  in
       1998.  Gross margins were negatively impacted by reduced volumes
       and  prices,  as discussed above, as well as by plant  shutdowns
       in  the  current  quarter in an effort to  balance  supply  with
       demand.   While  potash  production cost per  ton  increased  15
       percent compared to the year-earlier period as a result  of  the
       shutdowns,  the program resulted in a significant  reduction  in
       North  American  potash producer inventories  during  the  third
       quarter  of  1999.  Additionally, higher provincial  tax  levies
       and  natural  gas costs at Potash's Canadian facilities  further
       impacted gross margins.

       IMC Salt
       Salt's net sales increased nine percent to $55.5 million in  the
       third  quarter of 1999 compared to $51.0 million  in  the  third
       quarter  of  1998.  This increase in sales was  attributable  to
       higher  rock  salt  volumes  in the United  Kingdom  and  higher
       general  trade salt volumes in North America, coupled  with  the
       addition of two distributorships in the United Kingdom.

       Gross  margins  increased 32 percent to $13.1  million  for  the
       third  quarter of 1999 from $9.9 million for the same period  in
       1998  as  a result of increased sales volumes, particularly  for
       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  Feed  Ingredients   were   essentially
       unchanged  at  $42.3  million in the third quarter  of  1999  as
       compared  to $41.8 million in the prior year quarter.   However,
       gross  margins at Feed Ingredients increased 36 percent to $10.9
       million  as  compared to the prior year period  primarily  as  a
       result  of  lower  costs for internally sourced  raw  materials.
       Sales at Chemicals decreased two percent to $100.7 million  from
       $103.0  million  in the prior year quarter.   Gross  margins  at
       Chemicals  for  the  third quarter of 1999 remained  essentially
       unchanged  at $14.6 million.  See Note 8, "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 September 30:

       <TABLE>
       <CAPTION>

                                                       1999    1998
                                                       ----    ----
       <S>                                            <C>      <C>
       Sales volumes (in thousands of short
       tons)(a):
       IMC Phosphates                                  1,574   1,575
       IMC Potash                                      1,769   2,081
       IMC Salt                                        1,649   1,554

       Average price per ton(b):
       DAP                                              $156    $182
       Potash                                            $81     $82
       Salt                                              $34     $33

       (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>

       Interest Expense
       Interest  expense totaled $44.1 million in the current  quarter,
       a  decrease  of $6.6 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.

       Other (Income) Expense, Net
       Other expense for the current quarter increased $2.8 million  to
       $3.7  million  from $0.9 million for the same  period  in  1998.
       The  increase was mainly attributable to a loss on the  sale  of
       the  Company's interest in an oil and gas property  as  well  as
       higher  foreign  conversion exchange rates  related  to  foreign
       transactions.

       Minority Interest
       Minority  interest decreased $11.6 million from the same  period
       last  year  to $1.6 million.  The decrease in minority  interest
       expense  was primarily attributable to significantly lower  IMC-
       Agrico Company earnings as compared to the prior year period.


       Nine  months  ended  September 30, 1999 vs.  nine  months  ended
       September 30, 1998
       ---------------------------------------------------------------

       Overview
       Net  sales  for  the nine months ended September 30,  1999  were
       $2,160.3   million  and  gross  margins  were  $505.2   million.
       Earnings  from continuing operations before a cumulative  effect
       of  a  change  in accounting principle, were $133.6 million,  or
       $1.17  per  share. A cumulative effect of a change in accounting
       principle  of  $7.5  million, or $0.07 per  share,  reduced  net
       earnings  to $126.1 million, or $1.10 per share.  Net sales  for
       the  nine months ended September 30, 1998 were $1,989.4  million
       and  gross  margins,  excluding non-recurring  charges  of  $4.1
       million,  related to the divestiture of IMC Vigoro, were  $550.6
       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 $169.4 million, or $1.48
       per  share.  Including the non-recurring charges, earnings  from
       continuing  operations  before  an  extraordinary  charge   were
       $160.3  million,  or  $1.40 per share.  Net earnings  of  $169.2
       million,   or   $1.47   per   share,  included   earnings   from
       discontinued  operations of $12.5 million, or $0.10  per  share,
       and were reduced by an extraordinary charge of $3.6 million,  or
       $0.03  per  share, related to an early extinguishment  of  debt.
       See  Note  4, "Divestitures," of Notes to Condensed Consolidated
       Financial Statements.

       Net   sales  for  the  nine  months  ended  September  30,  1999
       increased  nine  percent when compared to the  same  nine  month
       period  of  the  prior  year while gross  margins,  before  non-
       recurring  charges, decreased eight 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  sales
       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  decrease  was  primarily  attributable   to
       unfavorable  margins from reduced sales volumes  and  prices  at
       Phosphates,  as discussed above, lower margins at Potash  caused
       by  plant  shutdowns  to control inventory and  the  absence  of
       margins  from  IMC Vigoro as a result of its divestiture  during
       the  second  quarter  of 1998.  The gross  margin  decrease  was
       partially   offset  by  favorable  margins   from   the   Harris
       Acquisition.  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 Phosphates
       Phosphates'  net  sales  for  the  first  nine  months  of  1999
       declined  nine percent to $1,071.1 million compared to  $1,173.8
       million   for  the  same  period  last  year  primarily   as   a
       consequence  of lower average sales realizations  and  decreased
       concentrate  sales  volumes.  Decreased  shipments  of  granular
       monoammonium   phosphate  and  granular  triple  superphosphate,
       partially  offset by an increase in shipments  of  DAP,  reduced
       sales  by  $45.8  million.   The  unfavorable  volume  variances
       reflected   a   depressed   agricultural   economy   and   lower
       international  sales realizations.  Average  sales  realizations
       for  the first nine 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 24  percent  to  $206.8  million  for the
       first nine months of 1999 compared to  $273.7  million  for  the
       first nine months of last year,  mainly  because  of  the  lower
       volumes  and  prices  discussed  above  as  well  as   increased
       production costs.  Production costs were higher when compared to
       the same period of the prior  year  primarily  as  a  result  of
       unfavorable variances from  concentrated  phosphate   operations
       created by decreased volumes and higher idle plant costs.

       IMC Potash
       Potash's net sales for the nine months ended September 30,  1999
       decreased three percent to $540.1 million as compared to  $554.5
       million  in  the  prior year period. As with  the  three  months
       ended  September  30,  1999, the sales  decrease  for  the  nine
       months  of  1999  was  caused  by significantly  lower  domestic
       volumes and slightly reduced domestic prices as a result of  the
       weak North American farm economy.

       Gross  margins  for  the nine months ended  September  30,  1999
       decreased  20 percent to $182.1 million from $226.3  million  in
       the  same  period  one year ago.  Gross margins were  negatively
       impacted by reduced volumes, as discussed above, as well  as  by
       plant  shutdowns in the current period in an effort  to  balance
       supply  with  demand.   Additionally,  increased  water  control
       expenditures  and resource taxes in the current  period  led  to
       further margin erosion.

       IMC Salt
       Salt's  net sales for the nine months ended September  30,  1999
       were  $229.5 million with gross margins of $67.3 million.  These
       results were higher than comparable pre-acquisition amounts  for
       the  same  period in 1998 of $184.1 million and  $56.7  million,
       respectively.   Salt  was established in April  1998  concurrent
       with  the  Harris  Acquisition; consequently, operating  results
       for  the  nine  months ended September 30,  1998  included  only
       partial  year  activity.  Increased sales volumes,  particularly
       with  highway  deicing  product  from  the  more  severe  winter
       weather  experienced  in  the  early  months  of  1999  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 primarily resulted from increased  sales
       volumes, which led to a higher absorption of costs.

       Other
       The  Company's net sales and gross margins for the  nine  months
       ended  September  30,  1999  also  included  results  for   Feed
       Ingredients and Chemicals.  Sales at Feed Ingredients  increased
       six  percent to $127.6 million in the current period of 1999  as
       compared  to  $120.0  million  in the  prior  year  period  from
       increased  domestic  and  international  sales  volumes.   Gross
       margins  at  Feed  Ingredients increased  36  percent  to  $29.5
       million  as  compared to the prior year period as  a  result  of
       lower  production costs related to increased production  volumes
       and   lower   costs  for  internally  sourced   raw   materials.
       Chemicals, with sales and gross margins for the nine  months  of
       1999  of  $302.4  million and $38.4 million,  respectively,  was
       established  concurrent  with the Harris  Acquisition  in  April
       1998;  consequently, operating results for the nine month period
       ended  September 30, 1998 included only partial  year  activity.
       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 gross margins for IMC Vigoro
       as  a  result  of its divestiture during the second  quarter  of
       1998.   See  Note  4,  "Divestitures"  and  Note  8,  "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  nine  months
       ended September 30:

       <TABLE>
       <CAPTION>

                                                       1999     1998
                                                       ----     ----
        <S>                                            <C>       <C>
        Sales volumes (in thousands of short tons)(a):
        IMC Phosphates                                 5,237     5,494
        IMC Potash                                     6,281     6,802
        IMC Salt(c)                                    8,294     2,770

        Average price per ton(b):
        DAP                                             $167      $177
        Potash                                           $84       $80
        Salt(c)                                          $28       $33

        (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 nine months  ended
           September  30,  1998  is provided for  comparative  purposes
           only.

        </TABLE>

        Selling, General and Administrative Expenses
        Selling,  general  and administrative expenses  increased  $6.4
        million,  or  five  percent,  to $125.8  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  six  months
        ended  September 30, 1998.  This increase was partially  offset
        by  the  divestiture  of  IMC  Vigoro  in  June  1998  and  the
        reduction  of  incentive compensation accruals based  on  lower
        earnings for the current year.  See Note 1, "Acquisitions"  and
        Note  4,  "Divestitures,"  of Notes to  Condensed  Consolidated
        Financial Statements.

        Exploration Expenses
        Exploration  expenses totaled $4.2 million for the nine  months
        ended September 30, 1999, a decrease of $15.3 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  $14.4
        million of dry hole costs for the same period in 1998.

        Interest Expense
        Interest  expense for the nine months ended September 30,  1999
        totaled  $136.9 million, an increase of $9.2 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 nine months ended  September  30,  1999
        decreased  $5.8  million to $1.9 million from $7.7  million  in
        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, higher
        debt  fee amortization as a result of refinancing debt  assumed
        as  part of the Harris Acquisition, a loss on the sale  of  the
        Company's  interest  in  an oil and  gas  property  and  higher
        foreign   conversion   exchange  rates   related   to   foreign
        transactions.

        Minority Interest
        Minority interest for the nine months ended September 30,  1999
        decreased $4.0 million from the same period last year to  $26.4
        million.   The  decrease  in  minority  interest  expense   was
        primarily   attributable  to  significantly  lower   IMC-Agrico
        Company earnings as compared to the prior year period.

        Restructuring Activities
        ------------------------

        1998 Restructuring Plan
        The  timing  and  costs  of  the 1998  Restructuring  Plan  are
        generally  on  schedule  with  the  original  time  and  dollar
        estimates disclosed in the fourth quarter of 1998.  During  the
        nine  months  ended September 30, 1999, 63 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 Activities," of  Notes  to
        Condensed Consolidated Financial Statements.

        1999 Restructuring
        In  October 1999, the Company announced an extensive program of
        asset  restructuring, consolidation of facilities and operating
        cost   reductions,  primarily  for  the  phosphate  and  potash
        businesses,  as  well  as  for the Company's  headquarters  and
        administrative offices.  This program will include a review  of
        the  carrying  value  and  recoverability  of  certain  assets,
        including  those related to recent acquisitions.   The  Company
        is  in  the process of evaluating the accounting impact of  the
        foregoing  restructuring activities and  currently  expects  to
        record  a  major  charge  to earnings in  the  fourth  quarter,
        predominately   non-cash,   related   to   such   restructuring
        activities, in an as yet undetermined amount.

        Non-core Businesses
        -------------------

        The   Company  is  continuing  its  discussions  with   several
        potential  buyers  regarding  the  sale  or  spin-off  of   IMC
        Chemicals.   The ultimate disposition could occur in  the  next
        several  quarters  which could necessitate an  additional  loss
        being recorded.

        The  Company is accelerating its efforts to exit the oil  & gas
        business.  The ultimate disposition is expected to be completed
        in the fourth  quarter  and  could  necessitate  a  loss  being
        recorded.

        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 $423.2 million of cash  for  the
        nine  months of 1999 compared with $203.4 million for the  same
        period  in  1998.  The increase of $219.8 million was primarily
        a  result  of a decrease in working capital, favorable  foreign
        currency  translation  rates  from  foreign  operations,  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 along with the recognition of certain income
        tax benefits.

        Net  cash  provided by investing activities for the first  nine
        months of 1999 increased $669.2 million compared with the  same
        period  in  1998  from a use of funds of $594.9  million  to  a
        source  of funds of $74.3 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
        $41.1  million  as  a  consequence of the  absence  of  capital
        expenditures  for AgriBusiness and a significant  reduction  in
        well  exploration  activity.  The Company  estimates  that  its
        capital  expenditures  for 1999 will  be  approximately  $260.0
        million and will be financed primarily through operations.

        Cash  generated  from  financing  activities  decreased  $896.8
        million  for the nine months of 1999 from a source of funds  of
        $353.4  million  to  a  use of funds of $543.4  million.   This
        decrease  in  financing funds was primarily a result  of  lower
        net  debt  proceeds.  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  audit
        committee  of  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 Program.

        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.  As of the end of the third quarter of  1999,
        the Company has substantially completed its Year 2000 Program.

        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 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   included   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 identified  certain  production
        control systems that required 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. As of  the  end  of  the
        third  quarter  of 1999, each of the Company's  business  units
        has   substantially  completed  the  remediation,  testing  and
        implementation phase.

        As  a  separate initiative, the Company is has implemented  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 has further remediated  any
        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  continue  to analyze the information provided  in  these
        responses,  but have not identified any material problem  areas
        to  date.  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
        has  formed  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 adequately address Year 2000-related issues  by
        December  31,  1999.   If  these key customers  fail  in  their
        attempts  to  adequately address Year 2000-related issues,  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 audit committee of  the  Board  of
        Directors  and  senior management.  As the  program  continues,
        the   Company   may   discover  additional  Year   2000-related
        challenges, including that any remaining 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 has developed 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  if  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  has developed  a  contingency  plan
        based  upon templates and suggested procedures that  have  been
        provided  by  the Year 2000 Risk Manager.  Each  business  unit
        contingency  plan identifies the risk and documents  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  each of the Company's business  units  has
        substantially completed its respective contingency  plan,  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  September  30,  1999,  the  Company's
        exposure  to these market risk factors was not significant  and
        had not materially changed from December 31, 1998.

        In  September  1999, the Company sold  Canadian  Dollar forward
        contracts   with   maturity   dates  throughout  2000.   As  of
        September  30,  1999,  the  notional amount  of  these  forward
        contracts was $137.1 million.

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).   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.  Rehearing  was
        granted  and the decision of the Court of Appeals was  vacated.
        The  case  was reargued before the entire Court of  Appeals  on
        September  13, 1999, and the Company is awaiting  the  decision
        on rehearing by the full 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
        Freeport-McMoRan Inc. (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 merger between FTX and IMC  (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,  the Company and PLP (collectively,  Plaintiffs)
        filed  a  lawsuit  (IMC  Action)  in  Delaware  Chancery  Court
        against  certain former directors of FTX (Director Defendants),
        and  McMoRan  Oil & Gas Co., an affiliate of FTX  (MOXY).   The
        Plaintiffs  allege  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.   The Plaintiffs further allege that the  Director
        Defendants  breached their duties by causing PLP to enter  into
        a  series  of  interrelated non-arm's-length transactions  with
        MOXY,  which the Plaintiffs allege unfairly benefited MOXY  and
        the Director Defendants to PLP's detriment.

        The  Plaintiffs  also  allege that  MOXY  knowingly  aided  and
        abetted  and conspired with the Director Defendants  to  breach
        their   fiduciary  duties.   On  behalf  of  the   PLP   public
        unitholders, the Plaintiffs seek 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.   The  Plaintiffs
        filed  their  amended  complaint, and  their  response  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.  The
        Plaintiffs intend 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 the Company asserting  the  same
        claims  that the Plaintiffs assert in the IMC Action.   Because
        the  Plaintiffs had already asserted these claims, the  Company
        has  filed a motion to dismiss the Gottlieb Action.  The  court
        has  not  set a briefing schedule for the Company's  motion  to
        dismiss.    The   Company  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
            -----------   --------------------------------------

            10.1          Retirement Agreement dated as of October 8, 1999
                          between IMC Global Inc. and Robert E. Fowler, Jr.

            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:

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


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

                              SIGNATURES



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


                             IMC GLOBAL INC.

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


Date: November 5, 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.