Document:

Exhibit 10.iii.(r)

July 13, 1999

E. Paul Dunn
Vice President and Treasurer
IMC Global Inc.
2100 Sanders Road
Northbrook, Illinois  60062

Dear Paul:

This  Agreement is to assure you that in the event you become  entitled
to  payments  by operation of the Employment Agreement dated  July  13,
1999   ("Employment  Agreement")  between  you  and  IMC  Global   Inc.
("Global") due to a "Change in Control" (as that term is defined in the
Employment Agreement) of Global, and if any of the payments to be  made
under  the Employment Agreement or any payments which are construed  as
being made under the Employment Agreement, ("Agreement Payments")  will
be  subject  to the tax ("Excise Tax") imposed by Section 4999  of  the
Internal Revenue Code of 1986, as amended ("Code") (or any similar  tax
that  may  hereafter be imposed), Global shall pay to you (at the  time
specified  in  Paragraph  (c)  below) an additional  amount  ("Gross-up
Payment") such that the net amount retained by you, after deduction  of
any  Excise Tax on the Total Payments (as hereinafter defined) and  any
federal,  state and local income tax and Excise Tax upon  the  Gross-up
Payment  provided for by this paragraph, but before deduction  for  any
federal, state or local income tax on the Agreement Payments, shall  be
equal to the Total Payments.

           a)   For  purposes  of determining  whether  any  of  the
Agreement Payments will be subject to the Excise Tax and the  amount
of  such Excise Tax, (i) any other payments or benefits received  or
to  be  received by you in connection with a Change  in  Control  of
Global  or your termination of employment (whether pursuant  to  the
terms  of this Agreement or any other plan, arrangement or agreement
with  Global, any person whose actions result in a Change of Control
of  Global  or  any person affiliated with Global  or  such  person)
(which,  together with the Agreement Payments, shall constitute  the
"Total  Payments") shall be treated as "parachute  payments"  within
the  meaning  of  Section 280G(b)(2) of the Code,  and  all  "excess
parachute payments" within the meaning of Section 280G(b)(1) of  the
Code  shall be treated as subject to the Excise Tax, unless  in  the
opinion  of  tax  counsel selected by Global's independent  auditors
such  other  payments  or benefits (in whole  or  in  part)  do  not
constitute parachute payments, or such excess parachute payments (in
whole  or  in  part) represent reasonable compensation for  services
actually  rendered within the meaning of Section 280G(b)(4)  of  the
Code  in  excess  of the base amount within the meaning  of  Section
280G(b)(3)  of the Code or are otherwise not subject to  the  Excise
Tax, (ii) the amount of the Total Payments which shall be treated as
subject  to the Excise Tax shall be equal to the lesser of  (a)  the
total  amount  of  the Total Payments or (b) the  amount  of  excess
parachute payments within the meaning of Section 280G(b)(1)  of  the
Code (after applying clause (i), above), and (iii) the value of  any
non-cash  benefits  or  any deferred payment  or  benefit  shall  be
determined by Global's independent auditors in accordance  with  the
principles of Sections 280G(d)(3)  and (4) of the Code.

          b)  For purposes of determining the amount of the Gross-up
Payment,  you  shall be deemed to pay federal income  taxes  at  the
highest  marginal rate of federal income taxation for  the  calendar
year  in which the Gross-up Payment is to be made and the applicable
state  and  local  income  taxes at the  highest  marginal  rate  of
taxation for the calendar year in which the Gross-up Payment  is  to
be  made, net of the maximum reduction in federal income taxes which
could be obtained from deduction of such state and local taxes.   In
the  event that the Excise Tax is subsequently determined to be less
than  the amount taken into account hereunder at the time the Gross-
up  Payment is made, you shall repay to Global at the time that  the
amount  of  such  reduction in Excise Tax is finally determined  the
portion of the Gross-up Payment attributable to such reduction (plus
the  portion of the Gross-up Payment attributable to the Excise  Tax
and federal and state and local income tax imposed on the portion of
the  Gross-up Payment being repaid by you if such repayment  results
in  a  reduction in Excise Tax and/or a federal and state and  local
income tax deduction), plus interest on the amount of such repayment
at  the rate provided in Section 1274(b)(2)(B) of the Code.  In  the
event  that the Excise Tax is determined to exceed the amount  taken
into  account  hereunder at the time the Gross-up  Payment  is  made
(including by reason of any payment the existence or amount of which
cannot  be  determined at the time of the Gross-up Payment),  Global
shall  make an additional Gross-up Payment in respect of such excess
(plus any interest payable with respect of such excess) at the  time
that the amount of such excess is finally determined.

           c)   The Gross-up Payment or portion thereof provided for
in  Paragraphs  (a) and (b) above shall be paid not later  than  the
thirtieth day following payment of any amounts under your Employment
Agreement;  provided, however, that if the amount of  such  Gross-up
Payment or portion thereof cannot be finally determined on or before
such  day,  Global  shall pay to you on such  day  an  estimate,  as
determined  in good faith by Global, of the minimum amount  of  such
payments and shall pay the remainder of such payments (together with
interest at the rate provided in Section 1274(b)(2)(B) of the  Code)
as  soon  as the amount thereof can be determined, but in  no  event
later  than  the forty-fifth day after payment of any amounts  under
the Employment Agreement.

In  the event that the amount of the estimated payments exceeds  the
amount  subsequently determined to have been due, such excess  shall
constitute a loan by Global to you, payable on the fifth  day  after
demand  by  Global (together with interest at the rate  provided  in
Section 1274 (b)(2)(B) of the Code).

All Gross-up Payments will be paid to you from the Trust established
under the Trust Agreement between IMC Global Inc. and Wachovia  Bank
Trust  Company, N.A., which has been established to protect  payment
obligations  of  Global  under this Agreement.   Any  repayment  due
Global  from you as a result of the circumstances described  in  the
last  sentence of the preceding paragraph shall be made by you after
you have received such excess amounts from the Trust.

This  Agreement  supersedes any and all previous agreements  entered
into between you and Global concerning Gross-up Payments.

Global  is  pleased to be able to provide you with  this  additional
assurance  of  economic  protection in the  event  of  a  Change  in
Control.

Please sign, date and return one original of this letter.

Sincerely yours,

/s/ Robert E. Fowler
---------------------
Robert E. Fowler, Jr.
Chief Executive Officer

I have read this Agreement and understand and accept its terms.

Executive:____________________________  Date:______________________Exhibit 10.iii.(s)

                            IMC GLOBAL INC.
         DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS

     1.   Purpose

          The  purpose  of  the  Deferred Compensation  Plan  for  Non-
Employee Directors (the "Plan") is to attract and retain well-qualified
persons who are not employees of IMC Global Inc. (the "Company") or any
of  its  subsidiaries  for  service as  directors  of  the  Company  by
providing  such persons with the opportunity to defer all or a  portion
of the compensation which they earn as directors of the Company.

     2.   Administration

          The  Board  of  Directors of the Company (the "Board")  shall
have  the authority to administer and interpret the provisions  of  the
Plan  and to prescribe forms and promulgate rules and regulations  with
respect thereto.  All determinations of the Board with respect  to  the
plan shall be final and binding upon all persons.

     3.   Eligibility

          Directors of the Company who are not employees of the Company
or any of its subsidiaries are eligible to participate in the Plan.

     4.   Election to Defer

          (a)  An election to defer, or to cease to defer, compensation
earned  as  a  director  of the Company shall be  effective  only  with
respect to compensation earned in calendar years following the year  in
which  the  election is made.  An election to defer shall  specify  the
time  of  payment  of the compensation subject to such  election,  plus
interest  credited  thereon prior to the payment date.   All  elections
shall  be in writing and shall be made on such forms, at such time  and
in such manner as the Board may from time to time prescribe.

          (b)   An  election shall be binding upon, and shall inure  to
the   benefit   of   the  participant,  the  participant's   designated
beneficiary,  the heirs, legatees and personal representatives  of  the
participant  and  beneficiary and the successors  and  assigns  of  the
Company.

     5.   Deferral of Compensation

          (a)   Each  participant  may, with  respect  to  compensation
earned as a director of the Company, elect to have all or a portion  of
such  compensation  deferred and, together with the  interest  credited
thereon, paid in cash in the manner set forth in paragraph 5(d) below.

          (b)   A  bookkeeping  account shall be established  for  each
participant.   The  account  shall reflect  the  amount  to  which  the
participant is entitled in accordance with paragraph 5(c) below.

          (c)   The  account  of  a participant  who  elects  to  defer
compensation  shall be credited with the dollar amount of  compensation
so  deferred on each date that the participant is entitled  to  payment
for  services  as a director.  Interest on the balance of  the  account
shall  be  computed  and  credited quarterly  on  March  31,  June  30,
September  30 and December 31 of each year 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  date  plus  two
percentage points (2%).

          (d)   Payment to the participant of amounts deferred pursuant
to  a  deferral election, together with the interest credited  thereon,
shall  be  made  in  a single cash payment on the earlier  of  (i)  the
payment date specified in the participant's election or (ii) the  month
of  January  in  the  second calendar year following the  participant's
retirement  or  other  termination of service  as  a  director  of  the
Company.

     6.   Payment in the Event of Participant's Death

          (a)   Any  of the deferred compensation which shall not  have
been  paid to the participant during his or her lifetime shall be  paid
within  60 days after the participant's death to such person or persons
as  the participant may designate in writing to receive the same.   The
participant  shall  have  the  right during  his  or  her  lifetime  to
designate  and  to change the designation of the person or  persons  to
whom  the  Company  shall  make any payments of  deferred  compensation
remaining  unpaid at the death of the participant.  The  Company  shall
rely  upon  the last of such written designations in its possession  in
making any such payments.

          (b)   If any of the deferred compensation shall remain unpaid
upon  the  death  of  the  last to survive of the  participant  or  the
participant's  beneficiary, the Company shall pay the aggregate  amount
thereof  to the executor or administrator of the estate of the last  to
survive of the participant and the participant's beneficiary.

     7.   No Right of Assignment or Acceleration

          The   right   of   the  participant,  and  the  participant's
beneficiary, to receive deferred compensation is personal  and  is  not
subject  to the acceleration or assignment.  The Company shall have  no
liability  for the payment of any of the deferred compensation  to  any
other person or in any other manner than as provided in this Plan.

     8.   Amendment or Discontinuance

          The  Board  may amend, rescind or terminate the  Plan  as  it
shall  deem advisable; provided, however, that no change shall be  made
with respect to compensation deferred under the Plan which would impair
a participant's rights to such compensation without his or her consent.

     9.   Governing Law

          This  Plan  and  all  determinations made and  actions  taken
pursuant  hereto shall be governed by the laws of the State of Illinois
pertaining  to  contracts made and to be performed wholly  within  such
jurisdiction, except as federal law may apply.

     10.  Effective Date

          The  Plan  shall  be effective with respect  to  compensation
earned for service as a director of the Company on and after January 1,
1998.

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