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                    SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549



                                 FORM 8-K
                              CURRENT REPORT


                  Pursuant to Section 13 or 15(d) of the
                      Securities Exchange Act of 1934
    Date of Report (date of earliest event reported): February 2, 2001

                      Commission File Number: 1-9759



                              IMC Global Inc.
          (Exact name of Registrant as specified in its charter)


            Delaware                                   36-3492467
    (State or other jurisdiction of                 (I.R.S. Employer
    incorporation or organization)                 Identification No.)


                              100 South Saunders Road
                            Lake Forest, Illinois 60045
                                  (847) 739-1200
                (Address and telephone number, including area code,
                    of registrant's principal executive offices)


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Item 5. Other Events and Regulation FD Disclosures.

      In  January  2001,  IMC Global Inc. ("Company")  amended  its  $550.0
      million  long-term  credit facility, maturing in December  2002,  and
      its  $250.0 million short-term credit facility, maturing in September
      2001 (collectively, "Credit Facilities").

      The  principal  revisions that were made to the Credit Facilities  by
      the   January   2001   amendments  were:  (i)  to  restrict   capital
      expenditures  to an amount above the Company's currently  anticipated
      capital  expenditure levels; (ii) to generally restrict  the  payment
      of   dividends,  distributions  and  certain  other  payments  to  an
      aggregate  of  $40.0  million per year, other  than  as  required  in
      connection   with  the  Company's  interest  in  Phosphate   Resource
      Partners   Limited  Partnership  ("PLP");  (iii)  to  amend   certain
      financial  covenants  (leverage ratio and interest  coverage  ratio),
      including  retroactive amendments to those covenants as  of  December
      31,  2000;  (iv)  to  provide for the issuance of guarantees  of  the
      Credit  Facilities  by certain IMC subsidiaries as  described  below;
      (v)  to  add  the  requirement to secure the Credit Facilities  under
      certain  circumstances as described below; (vi) to  provide  for  the
      contingent  reduction of lending commitments (up to  $150.0  million)
      in  the  amount  of  50% of the proceeds of asset  sales  and  equity
      issuances;  (vii)  to  add  PLP  as  a  borrower  under  the   Credit
      Facilities;  and  (viii) to increase applicable commitment  fees  and
      interest  rates.  As  amended, commitment fees  associated  with  the
      short-term   and  long-term  facilities  vary  depending   upon   the
      Company's  credit  ratings and are currently 20.0  basis  points  and
      22.5  basis points, respectively. Interest rates associated with  the
      short-term  and  long-term facilities also vary  depending  upon  the
      Company's  credit  ratings and are currently LIBOR plus  117.5  basis
      points and LIBOR plus 115.0 basis points, respectively.

      The  Credit  Facilities are currently unsecured but, as a  result  of
      the  recent  amendments, borrowings by the Company are now guaranteed
      by  the Company's material domestic subsidiaries.  Such guarantees by
      PLP  and IMC Phosphates Company are limited by the amount of existing
      intercompany debt owed by such entities to the Company and its  other
      subsidiaries.  The Company has agreed to secure the  facilities  with
      substantially  all  of the stock and other equity interests  and  the
      assets  of its domestic subsidiaries and with a portion of the  stock
      and  other equity interests of its foreign subsidiaries in the  event
      that  either  (i)  the Company's credit rating falls  on  its  senior
      unsecured  long term debt securities to BB (S&P) or Ba2 (Moody's)  or
      (ii)  the  Company  is  unable to maintain  its  leverage  ratio  (as
      defined in the Credit Facilities) below 4.40 to 1.00 as of March  31,
      2001  or  thereafter.  In addition, the Company has agreed to  secure
      the  facilities with substantially all of the stock and other  equity
      interests  of  its domestic subsidiaries and with a  portion  of  the
      stock  and other equity interests of its foreign subsidiaries in  the
      event  that  the Company's credit rating falls to BB+ (S&P)  and  Ba1
      (Moody's).  In  either event, debt issued under  certain  other  debt
      instruments  of the Company and its subsidiaries will participate  on
      an  equal  and  ratable  basis  with the  lenders  under  the  Credit
      Facilities  in the security interest granted in some or  all  of  the
      collateral that secures the Credit Facilities. In the event that  the
      Company  becomes  obligated  to secure  the  Credit  Facilities  with
      assets  (including accounts receivable), the Company  will  terminate
      its existing accounts receivable securitization facility.

      The   Credit  Facilities,  as  amended,  also  continue  to   contain
      provisions, substantially unchanged, which: (i) restrict the  ability
      of  the  Company  and its subsidiaries to dispose  of  a  substantial
      portion  of  its  consolidated assets; (ii)  limit  the  creation  of
      additional  liens on the Company's and its subsidiaries' assets;  and
      (iii)  limit  the Company's subsidiaries' incurrence  of  debt.   The
      Credit  Facilities  also  continue to  contain  financial  and  other
      covenants.


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                                SIGNATURES

Pursuant  to the requirements of the Securities and Exchange Act  of  1934,
the  registrant has duly caused this report to be signed on its  behalf  by
the undersigned, thereunto duly authorized.

                                              IMC Global Inc.

                                       /s/    J. Bradford James
                                       --------------------------------
                                              J. Bradford James
                                              Executive Vice President and
                                              Chief Financial Officer


Date:  February 2, 2001