Document:

Exhibit 10.iii.(t)

IMC GLOBAL INC.
1998 RESTORATION PLAN
(Effective as of January 1, 1998)

Contents                                                 Page

Article 1.  Introduction                                   1
Article 2.  Definitions                                    1
Article 3.  Eligibility                                    2
Article 4.  Matching Contributions                         3
Article 5.  Profit Sharing Contributions                   3
Article 6.  Deemed Investment Earnings                     4
Article 7.  Establishment of Trust                         5
Article 8.  Distributions                                  5
Article 9.  Administration of the Plan                     7
Article 10. Amendment and Termination                      7
Article 11. General Provisions                             8

IMC GLOBAL INC.
1998 RESTORATION PLAN

Article 1. Introduction
1.1.  Title.  The title of this Plan shall be the "IMC Global Inc. 1998
Restoration Plan."

1.2.  Purpose.   This  Plan shall constitute an  unfunded  nonqualified
deferred  compensation  arrangement  established  for  the  purpose  of
providing  deferred  compensation to a select group  of  management  or
highly  compensated employees (as defined for purposes of  Title  I  of
ERISA) of the Company and adopting Affiliates.  The Plan is intended to
be  maintained and administered in connection with the "IMC Global Inc.
Profit  Sharing and Savings Plan" for the benefit of selected employees
of  the  Company  and  adopting Affiliates  whose  benefits  under  the
Qualified   Plan  are  restricted  by  the  limitations   of   Sections
401(a)(17),  402(g) and 415 of the Code or are reduced as a  result  of
voluntary  deferrals  of compensation under the "IMC  Global  Inc  1998
Voluntary Nonqualified Deferred Compensation Plan".

Article 2. Definitions
"Accounts" means the Matching Contributions Account and Profit  Sharing
Contributions Account maintained on behalf of a Participant.

"Affiliate"  means  an  entity  that, together  with  the  Company,  is
considered  as  a single employer under Section 414(b) or  (c)  of  the
Code.

"Code" means the Internal Revenue Code of 1986, as amended.

"Committee"  means  the  committee described in  Section  10.1  of  the
Qualified  Plan which is a named fiduciary of and responsible  for  the
administration of the Qualified Plan.

"Company" means IMC Global Inc., a Delaware corporation.

"Effective Date" means January 1, 1998.

"Employer"  means, both collectively and individually as determined  by
the  context of the applicable provision, the Company and any Affiliate
which adopts this Plan with the approval of the Company.

"ERISA" means the Employee Retirement Income Security  Act of 1974,  as
amended.

"Matching  Contributions" means the contributions made on behalf  of  a
Participant pursuant to Section 4.1 of this Plan.

"Matching Contributions Account" means the account maintained on behalf
of  each  Participant which will represent the amount of  the  Matching
Contributions  made on behalf of such Participant pursuant  to  Section
4.1  of  the Plan and the amount of the deemed investment earnings  and
losses on such Participant's Matching Contributions.

"Participant"  means  any  eligible employee  of  an  Employer  who  is
participating under the Plan pursuant to Article 3.

"Permitted Investment" means such fund or type of investment as may  be
approved by the Committee from time to time for purposes of this Plan.

"Plan" means this "IMC Global Inc. 1998 Restoration Plan".

"Plan Year" means the calendar year.

"Profit  Sharing Contributions" means the contributions made on  behalf
of a Participant pursuant to Section 5.1 of this Plan.

"Profit Sharing Contributions Account" means the account maintained  on
behalf  of  each Participant which will represent the amount of  Profit
Sharing  Contributions made on behalf of such Participant  pursuant  to
Section  5.1  of the Plan and the amount of deemed investment  earnings
and losses on such Participant's Profit Sharing Contributions.

"Qualified Plan" means the "IMC Global  Inc. Profit Sharing and Savings
Plan," as amended from time to time.

"Valuation Date" means the last day of each calendar quarter.

Article 3. Eligibility
The  Committee shall designate, as of the Effective Date and as of  the
beginning  of each Plan Year thereafter, each employee of  an  Employer
who  is eligible to participate in this Plan; provided, that only those
employees of an Employer who are in a select group of management or are
highly  compensated (within the meaning of Title I  of  ERISA)  may  be
designated  as  eligible to participate in this  Plan.   The  Committee
shall  not  designate  any  employee of  an  Employer  as  eligible  to
participate in the Plan for a Plan Year unless such employee:   (i)  is
eligible  to participate in the Qualified Plan for such Plan Year;  and
(ii)  is  in  salary grade 20 or above or is otherwise  selected  in  a
nondiscriminatory manner by the Committee.

Article 4. Matching Contributions
4.1.    Matching  Contributions.   For  each  Plan  Year,  a   Matching
Contribution   shall   be  credited  to  each  Participant's   Matching
Contributions  Account  in an amount equal to (i)  the  excess  of  the
amount  of  the matching contributions that would have been  made  with
respect   to   the   Employee  Contributions   and   Salary   Reduction
Contributions  (as defined in the Qualified Plan) of  such  Participant
for  such  Plan  Year  if Employee Contributions and  Salary  Reduction
Contributions had been made by the Participant under the Qualified Plan
without  regard to the limitations of Sections 401(a)(17),  402(g)  and
415  of  the  Code  and  without  regard  to  voluntary  deferrals   of
compensation  by  the  Participant  under  the  IMC  Global  Inc.  1998
Voluntary  Nonqualified Deferred Compensation Plan over the  amount  of
the  matching contributions actually made for the Participant under the
Qualified Plan for such Plan Year, reduced by (ii) FICA withholding  on
the amount so determined.

4.2.   Matching  Contributions Account.  The Committee shall  establish
and  maintain a Matching Contributions Account for each Participant who
is  entitled  to receive Matching Contributions under this  Article  4.
The Participant's Matching Contributions Account shall be a bookkeeping
account maintained by the Company and shall reflect the amount  of  the
Matching Contributions credited hereunder on behalf of the Participant.
The  amount of any deemed investment earnings and losses on the amounts
reflected  in a Participant's Matching Contributions Account  shall  be
credited or charged to his Matching Contributions Account in accordance
with Article 6.

Article 5. Profit Sharing Contributions
5.1.   Profit  Sharing  Contributions.  For each Plan  Year,  a  Profit
Sharing   Contribution  shall  be  credited  to  the   Profit   Sharing
Contributions  Account of each Participant for whom  a  profit  sharing
contribution is made for such Plan Year under the Qualified Plan in  an
amount  equal  to  (i) the excess of the amount of the  profit  sharing
contribution  that would have been made for the Participant  under  the
Qualified  Plan for such Plan Year if such profit sharing  contribution
had  been  made to the Qualified Plan without regard to the limitations
of  Sections 401(a)(17), 402(g) and 415 of the Code and without  regard
to voluntary deferrals of compensation by the Participant under the IMC
Global Inc. 1998 Voluntary Nonqualified Deferred Compensation Plan over
the  amount  of the profit sharing contribution actually made  for  the
Participant under the Qualified Plan for the Plan Year, reduced by (ii)
required  FICA withholding on the amount so determined (if vested)  and
on  the amount of any previously made Profit Sharing Contributions (and
deemed investment earnings thereon) that have become vested during  the
Plan Year.

5.2.   Profit  Sharing  Contributions  Account.   The  Committee  shall
establish and maintain a Profit Sharing Contributions Account for  each
Participant  who  is  entitled to receive Profit Sharing  Contributions
under  this  Article 5.  The Participant's Profit Sharing Contributions
Account  shall be a bookkeeping account maintained by the  Company  and
shall  reflect the amount of the Profit Sharing Contributions  credited
hereunder  on  behalf  of the Participant.  The amount  of  any  deemed
investment  earnings  and  losses  on  the  amounts  reflected   in   a
Participant's Profit Sharing Contributions Account shall be credited or
charged to his Profit Sharing Contributions Account in accordance  with
Article 6.

Article  6. Deemed Investment Earnings6.1.  (a)  Permitted Investments.
Each  Participant may designate from time to time, in  accordance  with
rules  and  procedures  established by the Committee,  that  all  or  a
portion  of  his  Accounts  be deemed to be invested  in  one  or  more
Permitted Investments.

(b)   Receipts.  Each Participant's Accounts shall be deemed to receive
all  interest, dividends, earnings and other property which would  have
been  received with respect to a Permitted Investment deemed to be held
in   such  Accounts  if  the  Company  actually  owned  such  Permitted
Investment.    Cash  deemed  received  with  respect  to  a   Permitted
Investment  shall be credited to the Accounts as of the date  it  would
have been available for reinvestment if the Company actually owned  the
Permitted Investment.

(c)  Elections.  All elections to be made by a Participant pursuant  to
this  Article 6 shall be made only by such Participant; provided,  that
if  such  Participant  dies  before his  entire  Account  balances  are
distributed  pursuant to the terms of the Plan,  or  if  the  Committee
determines  that such Participant is legally incompetent  or  otherwise
incapable  of  managing his own affairs, the Committee shall  have  the
authority to itself make the elections pursuant to this Section 6.1  on
behalf  of such Participant, or designate such Participant's designated
beneficiary,  legal  representative  or  some  near  relative  of  such
Participant  to  make  the elections pursuant to this  Section  6.1  on
behalf of such Participant.

(d)   Actual Investment Not Required.    The Company need not  actually
make  any  Permitted Investment.   If the Company should from  time  to
time  make  any  investment  similar to a  Permitted  Investment,  such
investment  shall  be  solely for the Company's  own  account  and  the
Participant   shall   have  no  right,  title  or   interest   therein.
Accordingly,  each Participant is solely an unsecured creditor  of  the
Company with respect to any amount distributable to him under the Plan.

6.2.   Crediting  of  Contributions.   The  Company  shall  credit  all
Matching  Contributions and all Profit Sharing  Contributions  made  on
behalf  of  a  Participant  pursuant  to  Article  4  and  Article   5,
respectively, to such Participant's Matching Contributions  Account  or
Profit   Sharing  Contributions  Account,  as  appropriate,  within   a
reasonable  period following the end of the Plan Year  for  which  such
contributions are made.
Article 7.  Establishment of Trust

7.1.  Establishment of Trust.  The Company may, in its sole discretion,
establish a grantor trust (as described in Section 671 of the Code) for
the  purpose  of  accumulating assets to provide  for  the  obligations
hereunder.  The assets and income of such trust shall be subject to the
claims  of the general creditors of an Employer hereunder, but only  to
the  extent  that  such  assets  and income  are  attributable  to  the
contributions of that individual Employer.  The establishment of such a
trust  shall  not  affect  the Employers'  liability  to  pay  benefits
hereunder  except  that  any such liability  shall  be  offset  by  any
payments  actually made to a Participant under such a  trust.   In  the
event such a trust is established, the amount to be contributed thereto
shall  be  determined by the Company and the investment of such  assets
shall be made in accordance with the trust document.

7.2.   Status of Trust.  Participants shall have no direct  or  secured
claim in any asset of the trust or in specific assets of their Employer
and  will  have  the  status of general unsecured  creditors  of  their
Employer for any amounts due under this Plan.  The assets and income of
the  trust  will be subject to the claims of any Employer's  creditors,
but only to the extent that such assets and income are attributable  to
the contributions of that individual Employer.

Article 8.  Distributions
8.1.  Distribution of Matching Contributions Account.  Each Participant
shall  at  all  times  have  a one hundred percent  (100%)  vested  and
nonforfeitable interest in his Matching Contributions  Account.   If  a
Participant's  employment  with  his Employer  and  all  Affiliates  is
terminated  for  any  reason, including death,  retirement,  total  and
permanent  disability, resignation or dismissal,  the  balance  in  the
Participant's  Matching Contributions Account  (determined  as  of  the
Valuation  Date  on  or immediately preceding the  date  on  which  the
distribution is processed) shall be distributed to the Participant (or,
in  the event of the Participants's death, to his beneficiary) as  soon
as  administratively practicable after the end of the calendar  quarter
in  which   the  Participant's termination of employment occurs.   Such
payment  shall  be  made in the form of a lump sum  payment.   If  such
Participant is entitled to a Matching Contribution for the Plan Year in
which  his employment terminates that is not reflected in the  Matching
Contributions  Account balance so distributed to the  Participant,  the
amount  of  such  Matching Contribution shall  be  distributed  to  the
Participant as soon as administratively practicable after  the  end  of
the  Plan  Year  in which the Participant's termination  of  employment
occurs.

8.2.    Distribution  of  Profit  Sharing  Contributions  Account.    A
Participant  shall  become one hundred percent  (100%)  vested  in  his
Profit Sharing Contributions Account upon the completion of five  years
of  Service  (as  defined in the Qualified Plan).  If  a  Participant's
employment with his Employer and all Affiliates is terminated by reason
of  his  death, his retirement after attaining age 65 or after  he  has
completed five years of Service (as defined in the Qualified Plan), the
balance  in  the  Participant's  Profit Sharing  Contributions  Account
(determined  as  of  the Valuation Date on which  the  distribution  is
processed) shall be distributed to the Participant (or, in the event of
the   Participant's   death,   to   his   beneficiary)   as   soon   as
administratively practicable after the end of the calendar  quarter  in
which the Participant's termination of employment occurs.  Such payment
shall  be  made in the form of a lump sum payment.  If such Participant
is entitled to a Profit Sharing Contribution for the Plan Year in which
his  employment terminates that is not reflected in the Profit  Sharing
Contributions  Account balance so distributed to the  Participant,  the
amount of such Profit Sharing Contribution shall be distributed to  the
Participant as soon as administratively practicable after  the  end  of
the  Plan  Year  in which the Participant's termination  of  employment
occurs.   If  a  Participant's employment with  his  Employer  and  all
Affiliates  is  terminated before the Participant  has  completed  five
years  of Service (as defined in the Qualified Plan) for a reason other
than his death or retirement after attaining age 65, the balance in the
Participant's Profit Sharing Contributions Account shall be forfeited.

8.3.    Involuntary  Distributions.    Notwithstanding  the   foregoing
provisions  of this Article 8, the Committee may on its own  initiative
authorize  the  Company  to  distribute to any  Participant  (or  to  a
designated beneficiary in the event of the Participant's death) all  or
any  portion  of the Participant's Matching Contributions  Account  and
Profit   Sharing   Contributions  Account.   Such  payment   would   be
specifically authorized in the event that there is a change in tax law,
a  published  ruling  or similar announcement issued  by  the  Internal
Revenue  Service, a regulation issued by the Secretary of the Treasury,
a decision by a court of competent jurisdiction involving a Participant
or a beneficiary, or a closing agreement made under Section 7121 of the
Code  that  is approved by the Internal Revenue Service and involves  a
Participant,  and  the Committee determines that a Participant  has  or
will  recognize income for federal income tax purposes with respect  to
amounts  deferred  under this Plan prior to the time such  amounts  are
paid to the Participant.

8.4.   Designation  of Beneficiaries.  Each Participant  may  name  any
person (who may be named concurrently, contingently or successively) to
whom  the Participant's Accounts under the Plan are to be paid  if  the
Participant dies before such Accounts are fully distributed.  Each such
beneficiary  designation  will revoke all  prior  designations  by  the
Participant,  shall  not require the consent of  any  previously  named
beneficiary, shall be in a form prescribed by the Committee and will be
effective  only when filed with the Committee during the  Participant's
lifetime. If a Participant fails to designate a beneficiary before  his
death,  as  provided  above,  or if the  beneficiary  designated  by  a
Participant dies before the date of the Participant's death  or  before
payment   of  the  Participant's  Accounts,  the  Committee,   in   its
discretion,  may  pay the Participant's Accounts (a) to  the  surviving
spouse  of such deceased Participant, if any, or (b) if there shall  be
no   surviving   spouse,  the  surviving  children  of  such   deceased
Participant,  if  any, in equal shares, or (c) if  there  shall  be  no
surviving spouse or children, to the executors or administrators of the
estate  of  such  deceased  Participant,  or  (d)  if  no  executor  or
administrator shall have been appointed for the estate of such deceased
Participant within six months from the date of the Participant's death,
to  the  person  or persons who would be entitled under  the  intestate
succession  laws of the state of the Participant's domicile to  receive
the Participant's personal estate.

Article 9.  Administration of the Plan
The  Plan  shall  be  administered by the Committee.   The  duties  and
authority  of  the  Committee  under the Plan  shall  include  (a)  the
interpretation of the provisions of the Plan, (b) the adoption  of  any
rules  and regulations which may become necessary or advisable  in  the
operation of the Plan, (c) the making of such determinations as may  be
permitted or required pursuant to the Plan, and (d) the taking of  such
other  actions as may be required for the proper administration of  the
Plan  in accordance with its terms.  Any decision of the Committee with
respect  to any matter within the authority of the Committee  shall  be
final,  binding  and conclusive upon the Company and each  Participant,
former  Participant, designated beneficiary, and each  person  claiming
under  or  through  any Participant or designated beneficiary;  and  no
additional  authorization or ratification by the board of directors  of
the  Company shall be required.  Any action taken by the Committee with
respect  to  any one or more Participants shall not be binding  on  the
Committee  as  to  any  action to be taken with respect  to  any  other
Participant.   A member of the Committee may be a Participant,  but  no
member  of  the  Committee  may participate in  any  decision  directly
affecting his rights or the computation of his benefits under the Plan.
Each  determination required or permitted under the Plan shall be  made
by the Committee in the sole and absolute discretion of the Committee.

Article 10.  Amendment and Termination
10.1.   Amendment.  The Company shall have the right to amend the  Plan
by action of the board of directors of the Company (or a duly appointed
delegate  thereof)  from time to time, except that  no  such  amendment
shall,  without  the  consent  of  the  Participant  to  whom  deferred
compensation  has  been  credited  to  any  Account  under  this  Plan,
adversely  affect the right of the Participant (or his beneficiary)  to
receive payments of such deferred compensation under the terms of  this
Plan.

10.2.   Plan  Termination.  The Plan may be terminated with respect  to
the  Company  or  any Employer at any time by action of  the  board  of
directors of the Company (or a duly appointed delegate thereof) in  its
sole  discretion.   The  Plan  shall be automatically  terminated  with
respect to any Employer upon the termination of the Qualified Plan with
respect  to  such  Employer pursuant to Section 15.3 of  the  Qualified
Plan.  Notwithstanding the foregoing, no termination of this Plan shall
alter  the  right of a Participant (or his beneficiary) to payments  of
amounts  previously credited to such Participant's Accounts  under  the
Plan.

Article 11.  General Provisions
11.1.  Non-Alienation  of  Benefits.  A  Participant's  rights  to  the
amounts  credited to his Accounts under the Plan shall not be  salable,
transferable, pledgeable or otherwise assignable, in whole or in  part,
by  the voluntary or involuntary acts of any person, or by operation of
law,  and  shall  not  be liable or taken for any  obligation  of  such
person.  Any such attempted grant, transfer, pledge or assignment shall
be null and void and without any legal effect.

11.2.   Withholding for Taxes.  Notwithstanding anything  contained  in
this  Plan  to  the  contrary, each Employer shall  withhold  from  any
distribution  made  under the Plan such amount or  amounts  as  may  be
required  for purposes of complying with the tax withholding provisions
of  the Code or any applicable State law for purposes of paying any tax
attributable to any amounts distributable or creditable under the Plan.

11.3.  Immunity of Committee Members.  The members of the Committee may
rely  upon any information, report or opinion supplied to them  by  any
officer  of  an  Employer  or  any legal  counsel,  independent  public
accountant or actuary, and shall be fully protected in relying upon any
such  information, report or opinion.  No member of the Committee shall
have   any  liability  to  the  Company  or  any  Participant,   former
Participant, designated beneficiary, person claiming under  or  through
any Participant or designated beneficiary or other person interested or
concerned  in connection with any decision made by such member  of  the
Committee  pursuant  to  the  Plan  which  was  based  upon  any   such
information,  report or opinion if such member of the Committee  relied
thereon in good faith.

11.4.   Plan  Not  to  Affect  Employment  Relationship.   Neither  the
adoption  of  the Plan nor its operation shall in any  way  affect  the
right  and  power of an Employer to dismiss or otherwise terminate  the
employment  or  change  the  terms  of  the  employment  or  amount  of
compensation of any Participant at any time for any reason  or  without
cause.   By  accepting any payment under this Plan,  each  Participant,
former  Participant,  designated beneficiary and each  person  claiming
under or through such person, shall be conclusively bound by any action
or decision taken or made under the Plan by the Committee.

11.5.  Notices.  Any notice required to be given by the Company or  the
Committee  hereunder  shall be in writing and  shall  be  delivered  in
person  or  by registered mail, return receipt requested.   Any  notice
given  by  registered mail shall be deemed to have been given upon  the
date of delivery, correctly addressed to the last known address of  the
person to whom such notice is to be given.

11.6.  Gender and Number; Headings.  Wherever any words are used herein
in  the  masculine gender they shall be  construed as though they  were
also  used  in  the feminine gender in all cases where  they  would  so
apply; and wherever any words are used herein in the singular form they
shall be construed as though they were also used in the plural form  in
all  cases  where  they  would  so apply.   Headings  of  sections  and
subsections  of the Plan are inserted for convenience of reference  and
are  not  part  of  the  Plan  and are not  to  be  considered  in  the
construction thereof.

11.7.  Controlling Law.  The Plan shall be construed in accordance with
the internal laws of the State of Illinois, to the extent not preempted
by any applicable federal law.

11.8.   Successors.   The Plan is binding on all  persons  entitled  to
benefits    hereunder   and   their   respective   heirs   and    legal
representatives, on the Committee and its successor and on any Employer
and its successor, whether by way of merger, consolidation, purchase or
otherwise.

11.9.   Severability.   If  any provision of the  Plan  shall  be  held
illegal or invalid for any reason, such illegality or invalidity  shall
not affect the remaining provisions of the Plan, and the Plan shall  be
enforced as if the invalid provisions had never been set forth therein.

IN WITNESS WHEREOF, IMC Global Inc. has caused its corporate seal to be
hereunto affixed by its officers thereunto duly authorized this  ______
day of ____________, 1999.

IMC GLOBAL INC.
By:

(Corporate Seal)

ATTEST:Exhibit 10.iii.(u)

                            IMC GLOBAL INC.
                      1998 VOLUNTARY NONQUALIFIED
                      DEFERRED COMPENSATION PLAN

          IMC   Global  Inc.  has  established  this  IMC  Global  Inc.
Voluntary Nonqualified Deferred Compensation effective as of January 1,
1998, in order to enable eligible employees of IMC Global Inc. and  its
Affiliates  to  defer the receipt of all or a portion of  their  annual
cash bonuses and up to one-half of their base salary and to be credited
with  interest  on a tax favored basis on such deferred  amounts  until
retirement, death, disability or other termination of employment.

                               ARTICLE I
                              DEFINITIONS

          1.01  "Account" means the record of a Participant's  interest
in  the  Plan attributable to Participant Deferrals made on  behalf  of
such Participant and hypothetical investment earnings thereon.

          1.02 "Affiliate" means (a) a member of a controlled group  of
corporations  of which the Company is a member or (b) an unincorporated
trade  or  business which is under common control with the  Company  as
determined  in  accordance  with Code  Section  414(c).   For  purposes
hereof,  a "controlled group of corporations" means a controlled  group
of  corporations as defined in Code Section 1563(a), determined without
regard to Code Sections 1563(a)(4) and 1563(e)(3)(C).

          1.03  "Beneficiary" means the person or persons,  natural  or
otherwise,  designated by a Participant to receive any benefit  payable
under  the  Plan  in  the  event of the  Participant's  death.   To  be
effective,  any  such  designation and  any  alteration  or  revocation
thereof shall be in writing, in such form as the Plan Administrator may
prescribe and shall be filed with the Plan Administrator prior  to  the
Participant's death.  If at the time a death benefit becomes payable no
designation  of Beneficiary is on file with the Plan Administrator,  or
if  the  designated Beneficiary does not survive the  Participant,  the
Beneficiary  shall  be the Participant's surviving spouse,  or  in  the
event there is no such surviving spouse, the Participant's estate.

          1.04 "Board" means the Board of Directors of the Company.

          1.05  "Change  in Control" shall be deemed to  have  occurred
upon the first to occur of the following:

          (a)  the  acquisition by any individual, entity or  group  (a
               "Person"), including any "person" within the meaning  of
               Section  13(d)(3)  or 14(d)(2) of the Exchange  Act,  of
               beneficial  ownership within the meaning of  Rule  13d-3
               promulgated under the Exchange Act, of 15%  or  more  of
               either  (i) the then outstanding shares of common  stock
               of  the Company (the "Outstanding Common Stock") or (ii)
               the  combined  voting  power  of  the  then  outstanding
               securities of the Company entitled to vote generally  in
               the  election  of  directors  (the  "Outstanding  Voting
               Securities");  excluding, however, the  following:   (A)
               any acquisition directly from the Company (excluding any
               acquisition resulting from the exercise of an  exercise,
               conversion  or  exchange privilege unless  the  security
               being  so exercised, converted or exchanged was acquired
               directly from the Company),  (B) any acquisition by  the
               Company, (C) any acquisition by an employee benefit plan
               (or  related  trust)  sponsored  or  maintained  by  the
               Company or any corporation controlled by the Company  or
               (D)  any  acquisition by any corporation pursuant  to  a
               transaction  which complies with clauses (i),  (ii)  and
               (iii) of subsection (c) of this Section 1.05.

          (b)  individuals who, as of the date this Plan is approved by
               the Board of Directors constitute the Board of Directors
               (the   "Incumbent  Board")  cease  for  any  reason   to
               constitute  at least a majority of such Board;  provided
               that  any  individual  who becomes  a  director  of  the
               Company subsequent to the date this Plan is approved  by
               the Board of Directors whose election, or nomination for
               election by the Company's stockholders, was approved  by
               the  vote  of at least a majority of the directors  then
               comprising the Incumbent Board shall be deemed a  member
               of  the Incumbent Board; and provided further, that  any
               individual  who was initially elected as a  director  of
               the  Company  as  a  result of an actual  or  threatened
               election contest, as such terms are used in Rule  14a-11
               of Regulation 14A promulgated under the Exchange Act, or
               any  other actual or threatened solicitation of  proxies
               or consents by or on behalf of any Person other than the
               Board  shall  not  be deemed a member of  the  Incumbent
               Board;

          (c)  approval  by  the  stockholders  of  the  Company  of  a
               reorganization, merger or consolidation of  the  Company
               or sale or other disposition of all or substantially all
               of   the   assets   of   the   Company   (a   "Corporate
               Transaction");    excluding,   however,   a    Corporate
               Transaction  pursuant to which (i) all or  substantially
               all   of  the  individuals  or  entities  who  are   the
               beneficial  owners,  respectively,  of  the  Outstanding
               Common  Stock  and  the  Outstanding  Voting  Securities
               immediately  prior  to such Corporate  Transaction  will
               beneficially own, directly or indirectly, more than  60%
               of,  respectively,  the  outstanding  shares  of  common
               stock,  and the combined voting power of the outstanding
               securities   of  such  corporation  entitled   to   vote
               generally in the election of directors, as the case  may
               be,  of  the  corporation resulting from such  Corporate
               Transaction    (including,   without    limitation,    a
               corporation  which as a result of such transaction  owns
               the Company or all or substantially all of the Company's
               assets  either  directly or indirectly) in substantially
               the  same  proportions relative to each other  as  their
               ownership,   immediately   prior   to   such   Corporate
               Transaction,  of the Outstanding Common  Stock  and  the
               Outstanding Voting Securities, as the case may be,  (ii)
               no  Person  (other  than:   the  Company;  any  employee
               benefit  plan (or related trust) sponsored or maintained
               by  the  Company  or any corporation controlled  by  the
               Company;  the corporation resulting from such  Corporate
               Transaction;  and  any Person which beneficially  owned,
               immediately   prior   to  such  Corporate   Transaction,
               directly  or  indirectly, 25% or more of the Outstanding
               Common  Stock  or the Outstanding Voting Securities,  as
               the  case  may  be) will beneficially own,  directly  or
               indirectly,   25%   or   more  of,   respectively,   the
               outstanding  shares of common stock of  the  corporation
               resulting  from  such  Corporate  Transaction   or   the
               combined  voting power of the outstanding securities  of
               such  corporation  entitled to  vote  generally  in  the
               election  of  directors and (iii) individuals  who  were
               members of the Incumbent Board will constitute at  least
               a  majority of the members of the board of directors  of
               the    corporation   resulting   from   such   Corporate
               Transaction; or

          (d)  the  consummation of a plan of complete  liquidation  or
               dissolution of the Company.

For  purposes  of this definition, the term "Exchange  Act"  means  the
Securities Exchange Act of 1934, as amended from time to time,  or  any
successor act thereto.

          1.06  "Code" means the Internal Revenue Code of 1986, as from
time to time amended.

          1.07 "Company" means IMC Global Inc.

          1.08  "Election  Date"  means with respect  to  a  Plan  Year
December 15 of the immediately preceding Plan Year.

          1.09 "Eligible Employee" means an employee of the Company  or
an  Affiliate who is based in the United States of America, in grade 20
or  above  and  is  eligible to participate  in  the  IMC  Global  Inc.
Management Incentive Compensation Program.

          1.10  "Final  Distribution Date" means the date  on  which  a
Participant's  active employment with the Company  and  all  Affiliates
terminates,  whether  by  reason  of  retirement,  death,   long   term
disability or other termination of active employment.

          1.11  "In-Service Distribution Date" means a date prior to  a
Participant's  Final  Distribution  Date  which  is  selected  by   the
Participant for the payment of Participant Deferrals in accordance with
rules and procedures established by the Plan Administrator.

          1.12      "Participant" means each Eligible Employee who  has
elected to participate in the Plan.

          1.13 "Participant Deferrals" means the amounts deferred by  a
Participant pursuant to Section 3.01.

          1.14   "Plan"  means  the  IMC  Global  Inc.  1998  Voluntary
Nonqualified Deferred Compensation Plan.

          1.15 "Plan Administrator" means such person or persons as may
be designated by the Board to administer the Plan.

          1.16 "Plan Year" means the calendar year.

          1.17  "Trust"  means  the IMC Global Inc.  1998  Supplemental
Executive  Retirement Plan, Restoration Plan and  Excess  Benefit  Plan
Trust.

          1.18  "Trustee" means Marshall & Ilsley Trust Company or  any
successor Trustee of the Trust.

          1.19  "Valuation  Date" means the last day of  each  calendar
quarter.
                              ARTICLE II
                             PARTICIPATION

          An  Eligible Employee shall become a Participant by electing,
in accordance with procedures established by the Plan Administrator, to
make Participant Deferrals pursuant to Section 3.01 hereof.

                              ARTICLE III
                               DEFERRALS

          3.01  Participant  Deferrals.   Each  Eligible  Employee  may
elect, in accordance with rules and procedures established by the  Plan
Administrator, on or before the Election Date for a Plan Year, to  make
a  Participant Deferral under the Plan equal to all or any portion  (up
to  100%)  of the Eligible Employee's annual cash bonus for  such  Plan
Year.   Each Eligible Employee may also elect, in accordance with rules
and  procedures established by the Plan Administrator, on or before the
Election  Date for a Plan Year, to make Participant Deferrals equal  to
all  or  any portion (up to 50%) of the Eligible Employee's base salary
for  such  Plan  Year.   Participant Deferrals  under  the  Plan  by  a
Participant  shall  reduce  the  amount  of  the  applicable  type   of
compensation otherwise payable currently to such Participant.

          3.02  Company Contributions to Trust.  As soon as practicable
after  the  end of each Plan Year, and not later than 30 days  after  a
Change  in Control, the Company shall contribute to the Trustee  to  be
held  under the provisions of the Trust, but subject to the  claims  of
the  creditors of the Company in the event of the Company's  insolvency
as  provided in the Trust, such amount as may be necessary  to  provide
the  Trust with assets for the Plan having a fair market value at least
equal to the sum of the Account balances of all Participants as of  the
end of the Plan Year or the date of the Change in Control, whichever is
applicable.   Notwithstanding  the transfer  of  contributions  to  the
Trust,  however, such deferred amounts shall remain obligations of  the
Company  to  the Participants and shall be reflected on  the  Company's
books by separate accounting entries.

          The  provisions of this Section 3.02 may not be amended after
the  date  of  a  Change in Control without the written  consent  of  a
majority in both number and interest of the Participants in this  Plan,
other  than  those Participants who are both (i) not  employed  by  the
Company  or  a subsidiary as of the date of the Change in  Control  and
(ii)  not  receiving nor could have commenced receiving benefits  under
the  Plan  as  of  the date of the Change in Control, both  immediately
prior to the Change of Control and at the date of such amendment.

                              ARTICLE IV
                       ACCOUNTS AND INVESTMENTS

          4.01  Deferred Compensation Accounts.  Participant  Deferrals
made by a Participant shall be credited to the Participant's Account as
of  the first day of the calendar quarter that includes the date(s)  on
which, but for the Participant's election to defer, such amounts  would
have  been  payable to the Participant.  The amount in a  Participant's
Account  shall also be credited as of each Valuation Date with interest
at  the  prime rate published in the "Money Rates" section of The  Wall
Street Journal on the first business day of the calendar quarter ending
on such Valuation Date plus two percentage points (2%).

          4.02   Rollover  of  Previously  Deferred  Amounts.   Amounts
previously deferred as of December 31, 1997 by a Participant under  the
Company's prior deferred compensation arrangement, as set forth in  the
IMC  Global Inc. Management Incentive Compensation Program,  that  have
not  been  paid to the Participant, plus associated earnings, shall  be
credited  to the Participant's Account as of January 1, 1998 and  shall
be  credited  with  interest as of each Valuation  Date  thereafter  as
provided in Section 4.01.

          4.03  Investment of Trust Funds.  Amounts contributed to  the
Trust  by  the  Company shall be invested by the Trustee in  accordance
with  the  provisions  of  the  Trust; provided,  however,  that  Trust
investments  need  not  reflect the interest  to  be  credited  to  the
Accounts of Participants, and the earnings or investment results of the
Trust  shall  not  affect the amounts to be credited  to  Participants'
Accounts under the Plan.

                               ARTICLE V
                       DISTRIBUTION OF BENEFITS

          5.01  Final  Distribution Date.  Upon a  Participant's  Final
Distribution Date, the Participant (or the Participant's Beneficiary if
the  Participant  is  deceased) shall be paid the Participant's  entire
Account  balance  as  of  the Valuation Date coinciding  with  or  next
following  the Final Distribution Date in a single lump sum payment  as
soon  as  practicable  after  such date; provided,  however,  that  the
Participant  may  elect,  in  accordance  with  rules  and   procedures
established  by the Plan Administrator, to be paid his or  her  Account
balance in annual installments over a period of up to 10 years.

          5.02 In-Service Distribution Date.  Participant Deferrals  to
be  paid on an In-Service Distribution Date, together with the interest
credited  thereon, shall be paid to the Participant as of the Valuation
Date coinciding with or next following the In-Service Distribution Date
in  a  single lump sum payment as soon as practicable after such  date;
provided,  however, that the Participant may elect, in accordance  with
rules and procedures established by the Plan Administrator, to be  paid
such amounts in annual installments over a period of up to 10 years.

                              ARTICLE VI
                          PLAN ADMINISTRATION

          6.01 Administration of Plan.  The Company shall have the sole
responsibility for making contributions to the Trust as provided  under
Article III and shall have the sole authority to amend or terminate, in
whole  or in part, this Plan at any time.  The Plan Administrator shall
have the sole responsibility for the administration of the Plan.

          The  Company  does  not guarantee to any Participant  in  any
manner the effect under any tax law or Federal or state statute of  the
Participant's participation in this Plan.

          6.02 Claims Procedure.  The Plan Administrator shall make all
determinations  as to the right of any person to a benefit  under  this
Plan.   Any  denial by the Plan Administrator of a claim  for  benefits
under  the  Plan  by a Participant or Beneficiary shall  be  stated  in
writing  by  the  Plan Administrator and shall set forth  the  specific
reasons  for  the  denial.  In addition, the Plan  Administrator  shall
afford a reasonable opportunity to any Participant or Beneficiary whose
claim for benefits has been denied for a review of the decision denying
the claim.

          6.03  Powers  and  Duties  of Plan Administrator.   The  Plan
Administrator shall have such duties and powers as may be necessary  to
discharge  its  duties hereunder, including, but  not  by  any  way  of
limitation, the following:

          (a)  to construe and interpret the Plan, decide all questions
               of eligibility and determine the amount, manner and time
               of payment of any benefits hereunder;

          (b)  to  prescribe  procedures to be followed by Participants
               in filing elections or revocations thereof;

          (c)  to  prepare and distribute, in such manner as  the  Plan
               Administrator determines to be appropriate,  information
               explaining the Plan;

          (d)  to  receive from the Company and from Participants  such
               information  as  shall  be  necessary  for  the   proper
               administration of the Plan;

          (e)  to  furnish the Company, upon request, such reports with
               respect  to  the  administration  of  the  Plan  as  are
               reasonable and appropriate;

          (f)  to  receive,  review  and keep  on  file  (as  it  deems
               convenient  and proper) reports of benefit  payments  by
               the  Company  and reports of disbursements for  expenses
               directed by the Plan Administrator; and

          (g)  to  appoint  individuals to assist in the administration
               of  the  Plan  and any other agents it deems  advisable,
               including legal counsel.

          The  Plan  Administrator  shall have  no  power  to  add  to,
subtract  from or modify any of the terms of the Plan, or to change  or
add  to any benefits provided by the Plan, or to waive or fail to apply
any requirements of eligibility for a benefit under the Plan.

          6.04 Rules, Procedures and Decisions.  The Plan Administrator
may adopt such rules and procedures as it deems necessary, desirable or
appropriate.   All  rules,  procedures  and  decisions  of   the   Plan
Administrator  shall  be  uniformly and  consistently  applied  to  all
Participants in similar circumstances.  When making a determination  or
calculation,  the  Plan Administrator shall be entitled  to  rely  upon
information  furnished  by  a Participant, the  Company  or  the  legal
counsel of the Company.

          6.05   Authorization   of   Benefit   Payments.    The   Plan
Administrator  shall  issue directions to the Company  or  the  Trustee
concerning all benefits which are to be paid pursuant to the provisions
of the Plan.

          6.06   Indemnification  of  Plan  Administrator.   The   Plan
Administrator shall be indemnified by the Company against any  and  all
liabilities arising by reason of any act or failure to act made in good
faith  pursuant  to  the  provisions of the  Plan,  including  expenses
reasonably incurred in the defense of any claim relating thereto.

                              ARTICLE VII
                             MISCELLANEOUS

          7.01  No  Right to Employment, etc.  Neither the creation  of
this  Plan  nor anything contained herein shall be construed as  giving
any  Participant  hereunder or other employees of the  Company  or  any
subsidiary  any  right to remain in the employ of the  Company  or  any
subsidiary.

          7.02  Successors and Assigns.  All rights and obligations  of
this  Plan  shall  inure  to, and be binding upon  the  successors  and
assigns of the Company.

          7.03 Inalienability.  Except so far as may be contrary to the
laws of any state having jurisdiction in the premises, a Participant or
Beneficiary  shall  have  no  right to assign,  transfer,  hypothecate,
encumber,  commute or anticipate his or her interest  in  any  payments
under  this  Plan and such payments shall not in any way be subject  to
any  legal process to levy upon or attach the same for payment  of  any
claim against any Participant or Beneficiary.

          7.04 Incompetency.  If any Participant or Beneficiary is,  in
the  opinion of the Plan Administrator, legally incapable of  giving  a
valid  receipt  and  discharge for any payment, the Plan  Administrator
may,  at  its option, direct that such payment or any part  thereof  be
made  to  such  person  or  persons who in  the  opinion  of  the  Plan
Administrator  are  caring  for  and  supporting  such  Participant  or
Beneficiary,  unless it has received due notice of claim  from  a  duly
appointed  guardian or conservator of the estate of the Participant  or
Beneficiary.   A  payment so made will be a complete discharge  of  the
obligations  under this Plan to the extent of and as to  that  payment,
and  neither  the  Plan  Administrator nor the Company  will  have  any
obligation regarding the application of the payment.

          7.05   Unfunded  Plan.   The  rights  and  interests   of   a
Participant  with  respect to the balance in the Participant's  Account
shall  be  solely those of a general creditor of the  Company.   It  is
intended  that the Plan shall be an unfunded plan maintained  primarily
for  the purpose of providing deferred compensation for a select  group
of management or highly compensated employees.

          7.06  Controlling  Law.  To the extent not preempted  by  the
laws of the United States of America, the laws of the State of Illinois
shall  be  the  controlling state law in all matters relating  to  this
Plan.

          7.07  Severability.  If any provisions of this Plan shall  be
held  illegal  or invalid for any reason, the illegality or  invalidity
shall  not affect the remaining parts of this Plan, but this Plan shall
be  construed  and  enforced as if the illegal and  invalid  provisions
never had been included herein.

          7.08  Gender  and Number.  Whenever the context  requires  or
permits, the gender and number of words shall be interchangeable.

          7.09  Expenses.  The expenses of administering the Plan shall
be paid by the Company.

          7.10 Division of the Plan.  The Plan Administrator may direct
a separation of the Accounts of certain Participants under the Plan and
the  transfer  of  such Accounts to another plan.  If  such  action  is
directed, the Plan Administrator shall cause to be determined and shall
direct  the Trustee to set apart that portion of the assets held  under
the Trust that is attributable to the Accounts of such Participants  as
are  designated  in  such  direction by the  Plan  Administrator.   The
portion  of  the  assets held under the Trust so set  apart  shall,  as
directed by the Plan Administrator, either (a) continue to be  held  by
the Trustee under such other plan for the benefit of such Participants,
or  (b)  be  transferred directly to the trustee of  a  separate  trust
established under such other plan and held in trust for the benefit  of
such Participants pursuant to the terms of such other plan.

                             ARTICLE VIII
                       AMENDMENT AND TERMINATION

          8.01  Amendment  to  Conform with Law.  The  Company  may  by
amendment make such changes in, additions to, and substitutions in  the
provisions of this Plan, to take effect retroactively or otherwise,  as
deemed  necessary or advisable for the purpose of conforming this  Plan
to  any  present or future law relating to plans of this or  a  similar
nature,  and  to the administrative regulations and rulings promulgated
thereunder.

          8.02 Other Amendments and Termination.  The Company may amend
or  terminate  this  Plan  at  any time, without  the  consent  of  any
Participant or Beneficiary.  Notwithstanding the foregoing,  this  Plan
shall  not  be  amended  or terminated so as to reduce  or  cancel  the
benefits  which have accrued to a Participant or Beneficiary  prior  to
the  later  of the date of adoption of the amendment or termination  or
the  effective  date  thereof, and in the event of  such  amendment  or
termination, any such accrued benefit hereunder shall not be reduced or
canceled.

          8.03  Manner  and  Form  of Amendment  or  Termination.   Any
amendment or termination of this Plan by the Company shall be made only
by action of the Board or any officer of the Company duly authorized by
the  Board.  Certification of any amendment or termination of this Plan
shall be furnished to the Plan Administrator by the Company.

          8.04   Notice   of  Amendment  or  Termination.    The   Plan
Administrator  shall  notify  Participants  or  Beneficiaries  who  are
affected  by  any  amendment  or termination  of  this  Plan  within  a
reasonable time thereof.

Dated:                             IMC GLOBAL INC.

                                   By:
                                   Name:
                                   Title:

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