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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 HBfhDQ1h35d5m/rgAC5J4soSq4JX8QzCBqboJMiKPX5ZLVypVK5TZjKNGp1jSoaZ
 mCs0R4vvxOPswBE8VTIKlQ==

<SEC-DOCUMENT>0000066895-03-000072.txt : 20030716
<SEC-HEADER>0000066895-03-000072.hdr.sgml : 20030716
<ACCEPTANCE-DATETIME>20030716145200
ACCESSION NUMBER:		0000066895-03-000072
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030716
FILED AS OF DATE:		20030716

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TRULY ETHEL
		CENTRAL INDEX KEY:			0001195262

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12217
		FILM NUMBER:		03789086

	BUSINESS ADDRESS:	
		STREET 1:		MISSISSIPPI CHEMICAL CORP
		CITY:			YAZOO CITY
		STATE:			MS
		ZIP:			39194

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MISSISSIPPI CHEMICAL CORP /MS/
		CENTRAL INDEX KEY:			0000066895
		STANDARD INDUSTRIAL CLASSIFICATION:	AGRICULTURE CHEMICALS [2870]
		IRS NUMBER:				640292638
		STATE OF INCORPORATION:			MS
		FISCAL YEAR END:			0630

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 388
		CITY:			YAZOO CITY
		STATE:			MS
		ZIP:			39194
		BUSINESS PHONE:		6017464131

	MAIL ADDRESS:	
		STREET 1:		P O BOX 388
		CITY:			YAZOO CITY
		STATE:			MS
		ZIP:			39194

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MISSISSIPPI CHEMICAL CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>tru98.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
	<periodOfReport>2003-07-16</periodOfReport>
	<notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000066895</issuerCik>
        <issuerName>MISSISSIPPI CHEMICAL CORP /MS/</issuerName>
        <issuerTradingSymbol>MSPIQ</issuerTradingSymbol>
	</issuer>
	<reportingOwner>
		<reportingOwnerId>
            <rptOwnerCik>0001195262</rptOwnerCik>
            <rptOwnerName>TRULY ETHEL</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
			<isDirector>0</isDirector>
			<isOfficer>1</isOfficer>
			<isTenPercentOwner>0</isTenPercentOwner>
			<isOther>0</isOther>
			<officerTitle>CORPORATE SECRETARY</officerTitle>
		</reportingOwnerRelationship>
	</reportingOwner>
	<derivativeSecurity>
		<securityTitle>
			<value>Non-Qualified Stock Option</value>
		</securityTitle>
		<conversionOrExercisePrice>
			<value>1.33</value>
		</conversionOrExercisePrice>
		<transactionDate>
			<value>2002-07-01</value>
		</transactionDate>
		<transactionCoding>
			<transactionFormType>5</transactionFormType>
			<transactionCode>A</transactionCode>
			<equitySwapInvolved>0</equitySwapInvolved>
		</transactionCoding>
		<transactionAmounts>
			<transactionShares>
				<value>20000</value>
			</transactionShares>
			<transactionValue>
				<value>1.33</value>
			</transactionValue>
			<transactionAcquiredDisposedCode>
				<value>A</value>
			</transactionAcquiredDisposedCode>
		</transactionAmounts>
		<exerciseDate>
			<value>2003-01-01</value>
		</exerciseDate>
		<expirationDate>
			<value>2012-07-01</value>
		</expirationDate>
		<underlyingSecurity>
			<underlyingSecurityTitle>
				<value>Common Stock</value>
			</underlyingSecurityTitle>
			<underlyingSecurityShares>
				<value>20000</value>
			</underlyingSecurityShares>
		</underlyingSecurity>
		<postTransactionAmounts>
			<sharesOwnedFollowingTransaction>
				<value>20000</value>
			</sharesOwnedFollowingTransaction>
		</postTransactionAmounts>
		<ownershipNature>
			<directOrIndirectOwnership>
				<value>D</value>
			</directOrIndirectOwnership>
			<natureOfOwnership>
				<value/>
			</natureOfOwnership>
		</ownershipNature>
	</derivativeSecurity>
	<footnotes>
	</footnotes>
	<ownerSignature>
		<signatureName>/s/ TRULY, ETHEL </signatureName>
		<signatureDate>2003-07-16</signatureDate>
	</ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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