Document:

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                                                     EXHIBIT 10.21

     Freeport-McMoRan Copper & Gold Inc. Financial Counseling and

           Tax Return Preparation and Certification Program

          1.    Purpose.   The  purpose  of  the Freeport-McMoRan

     Copper  &  Gold  Inc.  Financial Counseling and  Tax  Return

     Preparation and Certification  Program (the "Program") is to

     enable those senior executives chosen  to participate in the

     Program  to devote to the business activities  of  Freeport-

     McMoRan  Copper   &   Gold   Inc.  (the  "Company")  or  its

     subsidiaries  the time and attention  that  such  executives

     would  otherwise  have  had  to  devote  to  their  personal

     financial or tax affairs, and, in the case of the Tax Return

     Preparation  and  Certification  aspect  of  the Program, to

     provide the Company with assurance that the tax  affairs  of

     participating  executives are properly attended to.  To this

     end,  the  Program   contemplates   providing   professional

     counseling  services  in the area of personal financial  and

     estate  planning  (other   than  investment  advice)  by  an

     independent adviser selected  by each participant from among

     several designated by the Company.  It also contemplates the

     provision  of  professional  assistance,   by  a  nationally

     recognized public accounting firm selected by  the  Company,

     with  the  preparation  and  filing  of  personal income tax

     returns,  followed by a certification by such  firm  to  the

     Company  that   all  required  returns  have  been  properly

     prepared and timely filed.

          2.   Administration.  The Program shall be administered

     by the Chairman of  the  Board of the Company who shall have

     full authority to interpret  the  Program  and  from time to

     time  adopt  rules  and  regulations  for  carrying out  the

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     Program,   subject  to  such  directions  as  the  Corporate

     Personnel Committee (the "Committee") of the Company's Board

     of Directors may give, either as guidelines or in particular

     cases.

          3.   Eligibility  for  Participation.  Participation in

     the Financial Counseling aspect  of  the  Program  shall  be

     offered  to the Chairman of the Board, the President and the

     Senior Vice  Presidents  of the Company, and, in addition to

     such  participants  in  the  current  Long-Term  Performance

     Incentive Plan as may from time  to  time be selected by the

     Chairman of the Board.  The Chairman of  the  Board  of  the

     Company  shall  also from time to time select from among the

     senior executives  of  the  Company  and  its  divisions and

     subsidiaries  those  individuals who are to be requested  to

     participate in the Tax  Return Preparation and Certification

     aspect of the Program.  Participation  in  either  aspect of

     the   Program   will  normally  continue  through  the  year

     following each participant's retirement.

          4.   General Provisions.  The selection of any employee

     for participation  in either aspect of the Program shall not

     give such employee any right to be retained in the employ of

     the Company or any of its subsidiaries, and the right of the

     Company and of such  subsidiary  to dismiss or discharge any

     such  employee  is  specifically  reserved.    The  benefits

     provided  for  employees under either aspect of the  Program

     shall be in addition to, and in no way preclude, other forms

     of compensation to or in respect of such employee.

          5.    Additional  Cash  Payment.   An  additional  cash

     payment shall be paid to each participant as provided herein

     in order to  gross-up  fees paid pursuant to the Program for

     tax purposes.

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          For participants in  the  Program, a cash payment shall

     be  paid during such tax reporting  year  according  to  the

     following formula:

                         (the lesser of A or B) x _(C + D)

                                  [1 - (C + D)]

     in which A equals two percent of the participant's estimated

     income  in the current tax reporting year, to be reported by

     the Company  on  the participant's form W-2 for such year; B

     equals the amount  of  fees  paid  during  such  year on the

     participant's  behalf pursuant to the Program; C equals  the

     maximum federal income tax rate applicable to individuals in

     effect during such  year;  and D equals the combined maximum

     applicable state and local income  tax  rates  applicable to

     individuals in effect during such year.

          6.   Amendment or Termination.  The Committee  may from

     time amend or at any time terminate the Program.

         Executed  this              day of              ,1995.

                                  Freeport-McMoRan  Copper & Gold Inc.

                                  _______________________________
                                  Chairman of the Board

     Reviewed:

     _________________________
     General Counsel

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                                                           EXHIBIT 10.23

                    FM Services Company Financial Counseling and

                  Tax Return Preparation and Certification Program

      1.    Purpose.   The  purpose  of  the  FM  Services  Company  Financial

      Counseling  and  Tax  Return Preparation and Certification Program  (the

      "Program") is to enable those senior executives chosen to participate in

      the Program to devote to  the business activities of FM Services Company

      (the "Company") or its subsidiaries  the  time  and  attention that such

      executives  would  otherwise  have  had  to  devote  to  their  personal

      financial or tax affairs, and, in the case of the Tax Return Preparation

      and  Certification  aspect  of the Program, to provide the Company  with

      assurance that the tax affairs  of participating executives are properly

      attended   to.   To  this  end,  the  Program   contemplates   providing

      professional  counseling  services in the area of personal financial and

      estate planning (other than investment advice) by an independent adviser

      selected  by each participant  from  among  several  designated  by  the

      Company.  It also contemplates the provision of professional assistance,

      by a nationally  recognized  public  accounting  firm  selected  by  the

      Company, with the preparation and filing of personal income tax returns,

      followed  by  a  certification  by  such  firm  to  the Company that all

      required returns have been properly prepared and timely filed.

      2.   Administration.  The Program shall be administered  by the Chairman

      of the Board of the Company who shall have full authority  to  interpret

      the  Program  and  from  time  to  time  adopt rules and regulations for

      carrying out the Program, subject to such  directions  as  the Corporate

      Personnel  Committee  (the  "Committee")  of  the  Company's  Board   of

      Directors may give, either as guidelines or in particular cases.

      3.    Eligibility  for  Participation.   Participation  in the Financial

      Counseling aspect of the Program shall be offered to the Chairman of the

      Board, the President and the Senior Vice Presidents of the Company.  The

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      Chairman of the Board of the Company shall also from time to time select

      from  among  the senior executives of the Company and its divisions  and

      subsidiaries those individuals who are to be requested to participate in

      the Tax Return  Preparation  and  Certification  aspect  of the Program.

      Participation  in  either  aspect of the Program will normally  continue

      through the year following each participant's retirement.

      4.    General  Provisions.   The   selection   of   any   employee   for

      participation  in  either  aspect  of  the  Program  shall not give such

      employee any right to be retained in the employ of the Company or any of

      its subsidiaries, and the right of the Company and of such subsidiary to

      dismiss  or discharge any such employee is specifically  reserved.   The

      benefits provided for employees under either aspect of the Program shall

      be in addition  to,  and in no way preclude, other forms of compensation

      to or in respect of such employee.

      5.   Additional Cash Payment.   An additional cash payment shall be paid

      to each participant as provided herein  in  order  to gross-up fees paid

      pursuant to the Program for tax purposes.

      For  participants in the Program, a cash payment shall  be  paid  during

      such tax reporting year according to the following formula:

      (the lesser of A or B) x _(C + D)

          [1 - (C + D)]

      in which  A  equals two percent of the participant's estimated income in

      the current tax  reporting  year,  to  be reported by the Company on the

      participant's form W-2 for such year; B  equals  the amount of fees paid

      during such year on the participant's behalf pursuant  to the Program; C

      equals the maximum federal income tax rate applicable to  individuals in

      effect  during  such year; and D equals the combined maximum  applicable

      state and local income  tax  rates  applicable  to individuals in effect

      during such year.

      6.Amendment or Termination.  The Committee may from time amend or at any

      time terminate the Program.

                                    Page 2
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      Executed this     day of       , 1995.

      FM Services Company

      _______________________________
      Chairman of the Board

      Reviewed:

      _________________________
      General Counsel

                                    Page 3

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