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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 w0uWFmRy0Ws5bnMia7Ia4w==

<SEC-DOCUMENT>0001209191-03-029015.txt : 20031106
<SEC-HEADER>0001209191-03-029015.hdr.sgml : 20031106
<ACCEPTANCE-DATETIME>20031106162100
ACCESSION NUMBER:		0001209191-03-029015
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20031101
FILED AS OF DATE:		20031106

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			BERRESSE JAMES P
		CENTRAL INDEX KEY:			0001269282

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00082
		FILM NUMBER:		03982585

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTH CENTRAL AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004
		BUSINESS PHONE:		6023668199

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PHELPS DODGE CORP
		CENTRAL INDEX KEY:			0000078066
		STANDARD INDUSTRIAL CLASSIFICATION:	PRIMARY SMELTING & REFINING OF NONFERROUS METALS [3330]
		IRS NUMBER:				131808503
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTH CENTRAL AVE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-3089
		BUSINESS PHONE:		6022348100

	MAIL ADDRESS:	
		STREET 1:		ONE NORTH CENTRAL AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-3089
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>bpx68429_bpx6jpb3.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>3</documentType><periodOfReport>2003-11-01</periodOfReport><noSecuritiesOwned>0</noSecuritiesOwned><issuer><issuerCik>0000078066</issuerCik><issuerName>PHELPS DODGE CORP</issuerName>        <issuerTradingSymbol>PD</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001269282</rptOwnerCik><rptOwnerName>BERRESSE JAMES P</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>C/O PHELPS DODGE CORPORATION</rptOwnerStreet1><rptOwnerStreet2>ONE NORTH CENTRAL AVENUE</rptOwnerStreet2><rptOwnerCity>PHOENIX</rptOwnerCity><rptOwnerState>AZ</rptOwnerState><rptOwnerZipCode>85004</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>0</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>President, CCC</officerTitle></reportingOwnerRelationship></reporti
ngOwner><nonDerivativeTable><nonDerivativeHolding><securityTitle><value>Common Shares</value></securityTitle><postTransactionAmounts><sharesOwnedFollowingTransaction><value>10512</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeHolding></nonDerivativeTable><derivativeTable><derivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>67.3750</value></conversionOrExercisePrice><exerciseDate><value>1996-12-06</value></exerciseDate><expirationDate><value>2005-12-06</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSecurityShares><value>1334</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHoldin
g><derivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>71.6250</value></conversionOrExercisePrice><exerciseDate><value>1997-12-04</value></exerciseDate><expirationDate><value>2007-12-04</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSecurityShares><value>2000</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>65.3750</value></conversionOrExercisePrice><exerciseDate><value>1998-12-03</value></exerciseDate><expirationDate><value>2007-12-03</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSec
urityShares><value>4200</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>55.2500</value></conversionOrExercisePrice><exerciseDate><value>1999-12-03</value></exerciseDate><expirationDate><value>2009-12-03</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSecurityShares><value>7000</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>51.8125</value></conversionOrExercisePrice><exerciseDate><value>2
000-12-02</value></exerciseDate><expirationDate><value>2010-12-02</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSecurityShares><value>7000</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>51.9375</value></conversionOrExercisePrice><exerciseDate><value>2001-12-07</value></exerciseDate><expirationDate><value>2010-12-07</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSecurityShares><value>7000</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><d
erivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>34.6700</value></conversionOrExercisePrice><exerciseDate><value>2002-12-05</value></exerciseDate><expirationDate><value>2012-12-05</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSecurityShares><value>7920</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding><derivativeHolding><securityTitle><value>Employee Stock Options/Rights to Purchase</value></securityTitle><conversionOrExercisePrice><value>40.6050</value></conversionOrExercisePrice><exerciseDate><value>2003-07-04</value></exerciseDate><expirationDate><value>2013-07-04</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>Common Shares</value></underlyingSecurityTitle><underlyingSecurit
yShares><value>10000</value></underlyingSecurityShares></underlyingSecurity><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><ownerSignature><signatureName> / s / J. Dale Brunk, Attorney-in-fact for James P. Berresse</signatureName><signatureDate>2003-11-06</signatureDate></ownerSignature></ownershipDocument>

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</SEC-DOCUMENT>
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