11-K

               SECURITIES AND EXCHANGE COMMISSION
                     Washington , D.C. 20549
                 ------------------------------


                            FORM 11-K


 (Mark One)

    X          ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE
   -----       SECURITIES EXCHANGE ACT OF 1934

                 For the year ended December 31, 1999

                               OR


   -----       TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE
               SECURITIES EXCHANGE ACT OF 1934

        For the transition period from ___________  to  ____________.

                       Commission file number 1-9759

   A.    Full title of the plan and the address of the plan,
         if different from that of the issuer named below:

               SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
               OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                  UNITED STEELWORKERS OF AMERICA AT
                       CARLSBAD, NEW MEXICO


   B.    Name of issuer of the securities held pursuant to the plan
         and the address of its principal executive office:

                            IMC GLOBAL INC.
              2100 SANDERS ROAD, NORTHBROOK, ILLINOIS 60062
              ------------------------------------------------




                             Employer Identification #36-3513204
                                                       Plan #019




           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO

                      FINANCIAL STATEMENTS
                   AND SUPPLEMENTAL SCHEDULES
                (Together with Auditors' Report)

                   DECEMBER 31, 1999 AND 1998





           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------



                        TABLE OF CONTENTS
                        -----------------



                                                            Page
                                                            -----
Independent Auditors' Report                                  1

Financial Statements:
 Statements of Net Assets Available for Benefits
   as of December 31, 1999 and 1998                           4

 Statements of Changes in Net Assets Available
   for Benefits for the years ended December 31, 1999
   and 1998                                                   5

 Notes to Financial Statements                                6

Supplemental Schedules:
 Schedule of Assets Held for Investment Purposes
   as of December 31, 1999                                    15

 Schedule of Loans or Fixed Income Obligations
   for the year ended December 31, 1999                       16

 Schedule of Reportable Transactions
   for the year ended December 31, 1999                       17






                  Independent Auditors' Report


Plan Administrator
 Salary Reduction Plan for Hourly Employees of
 IMC Global Operations Inc. Represented by
 United Steelworkers of America at Carlsbad, New Mexico


We  have  audited  the  accompanying  statement  of  net  assets
available  for benefits of the Salary Reduction Plan for  Hourly
Employees  of IMC Global Operations Inc. Represented  by  United
Steelworkers of America at Carlsbad, New Mexico as  of  December
31,  1999,  and the related statement of changes in  net  assets
available  for benefits for the year then ended. These financial
statements are the responsibility of the Plan's management.  Our
responsibility  is  to  express an opinion  on  these  financial
statements based on our audit. The financial statements  of  the
Plan  as  of  December 31, 1998, were audited by other  auditors
whose report dated May 7, 1999, expressed an unqualified opinion
on those statements.

We  conducted  our  audit in accordance with generally  accepted
auditing  standards. Those standards require that  we  plan  and
perform  the audit to obtain reasonable assurance about  whether
the  financial statements are free of material misstatement.  An
audit  includes examining, on a test basis, evidence  supporting
the  amounts  and  disclosures in the financial  statements.  An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as  evaluating
the  overall  financial statement presentation. We believe  that
our audit provides a reasonable basis for our opinion.

In  our  opinion,  the financial statements  referred  to  above
present  fairly,  in  all  material  respects,  the  net  assets
available for benefits of the Plan as of December 31, 1999,  and
the  changes in net assets available for benefits for  the  year
then  ended  in  conformity with generally  accepted  accounting
principles.

Our audit was performed for the purpose of forming an opinion on
the   basic   financial  statements  taken  as  a   whole.   The
supplemental schedules of assets held for investment purposes as
of  December 31, 1999; and loans or fixed income obligations and
reportable  transactions for the year ended December  31,  1999,
respectively,  are  presented  for  the  purpose  of  additional
analysis  and  are  not a required part of the  basic  financial
statements  but  are supplementary information required  by  the
Department  of  Labor's Rules and Regulations for Reporting  and
Disclosure under the Employee Retirement Income Security


                               -1-




Act of 1974. These supplemental schedules are the responsibility
of  the Plan's management. The supplemental schedules have  been
subjected to the auditing procedures applied in the audit of the
basic  financial  statements and, in  our  opinion,  are  fairly
stated  in  all  material  respects in  relation  to  the  basic
financial statements taken as a whole.

/s/ Hill, Taylor LLC

May 26, 2000





                               -2-





                 Report of Independent Auditors

Plan Administrator
Salary Reduction Plan for Hourly Employees of
     IMC Global Operations Inc. Represented by
     United Steelworkers of America at Carlsbad, New Mexico

We  have  audited the accompanying statement of assets  available
for benefits of the Salary Reduction Plan for Hourly Employees of
IMC Global Operations Inc. Represented by United Steelworkers  of
America  at Carlsbad, New Mexico as of December 31, 1998 and  the
related statement of changes in assets available for benefits for
the   year  then  ended.   These  financial  statements  are  the
responsibility of the Plan's management. Our responsibility is to
express  an  opinion on these financial statements based  on  our
audit.

We  conducted  our  audit in accordance with  auditing  standards
generally accepted in the United States.  Those standards require
that we plan and perform the audit to obtain reasonable assurance
about  whether  the  financial statements are  free  of  material
misstatement.   An  audit includes examining, on  a  test  basis,
evidence  supporting the amounts and disclosures in the financial
statements.   An  audit  also includes assessing  the  accounting
principles used and significant estimates made by management,  as
well  as evaluating the overall financial statement presentation.
We  believe  that our audit provides a reasonable basis  for  our
opinion.

In  our  opinion,  the  financial statements  referred  to  above
present  fairly,  in all material respects, the assets  available
for benefits of the Plan at December 31, 1998 and the changes  in
its  assets  available for benefits for the year then  ended,  in
conformity with accounting principles generally accepted  in  the
United States.


                                             /s/ Ernst & Young LLP
Chicago, Illinois                            Ernst & Young LLP
May 7, 1999

                               -3-


           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

         STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
         -----------------------------------------------

                   DECEMBER 31, 1999 AND 1998
                   --------------------------




                                           1999             1998
                                        ---------       -----------

ASSETS
Cash                                    $        50     $         -
Investments, at fair value:
 Master trust funds:
  Interest in IMC Global Stock Fund         218,413         173,633
  Interest in IMC Global Fixed Income
   Fund                                     477,816         300,220
 Mutual funds:
  Vanguard Wellington Fund, Inc.            384,066         308,562
  Fidelity Equity-Income Fund, Inc.         717,153         611,011
  Vanguard Fixed Income Fund              1,235,106       1,465,329
  Fidelity Magellan Fund, Inc.              311,735         173,028
 Loans to participants                      159,138         116,982
                                        -----------     -----------
      Total investments                   3,503,477       3,148,765
                                        -----------     -----------
Receivables:
 Participant contributions                   15,972          15,247
 Company contributions                        4,176           4,005
 Accrued interest and dividends               6,441           7,031
                                        -----------     -----------
      Total receivables                      26,589          26,283
                                        -----------     -----------
NET ASSETS AVAILABLE FOR BENEFITS       $ 3,530,066     $ 3,175,048
                                        ===========     ===========




The accompanying notes are an integral part of these financial statements.




                               -4-




           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                    STATEMENTS OF CHANGES IN
                NET ASSETS AVAILABLE FOR BENEFITS
                ---------------------------------

             YEARS ENDED DECEMBER 31, 1999 AND 1998
             --------------------------------------



                                                  1999           1998
                                               ----------    -----------

ADDITIONS
Investment income:
 Interest and dividends                        $  112,441     $   115,927
 Net realized and unrealized appreciation
  (depreciation) in fair value of investments     (40,001)        163,073
 Income (loss) from master trust funds            (22,678)            650
                                               ----------     -----------
     Total investment income                       49,762         279,650
                                               ----------     -----------
Contributions:
 Participants                                     397,906         383,369
 Company                                          105,326         101,370
                                               ----------     -----------
     Total contributions                          503,232         484,739
                                               ----------     -----------
     Total additions                              552,994         764,389
                                               ----------     -----------
DEDUCTIONS
 Distributions                                    193,523         250,921
 Transfers to other plans                           4,453          43,928
                                               ----------     -----------
     Total deductions                             197,976         294,849
                                               ----------     -----------
NET INCREASE                                      355,018         469,540

NET ASSETS AVAILABLE FOR BENEFITS:
 Beginning of year                              3,175,048       2,705,508
                                               ----------     -----------
 End of year                                   $3,530,066     $ 3,175,048
                                               ==========     ===========



The accompanying notes are an integral part of these financial statements.


                               -5-



           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                  UNITED STEELWORKER OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------





1.   Description of the Plan

  The  following  description of the Salary Reduction  Plan  for
  Hourly Employees of IMC Global Operations Inc. Represented  by
  United  Steelworkers of America at Carlsbad, New  Mexico  (the
  Plan)  provides only general information. Participants  should
  refer to the Plan document for a more complete description  of
  the Plan's provisions.

  General

  The  Plan was established on July 1, 1983, and was amended and
  restated  on  January 1, 1998. Hourly employees  at  Carlsbad,
  New  Mexico,  operations of IMC Global  Operations  Inc.  (the
  Company)  represented  by the United Steelworkers  of  America
  are  eligible  to  participate in the  Plan  immediately  upon
  their  date  of hire. While the Company has not expressed  any
  intent  to  terminate the Plan, it is free to  do  so  at  any
  time.  The  Plan is subject to the provisions of the  Employee
  Retirement Income Security Act of 1974 (ERISA).

  Contributions

  The   Plan  is  funded  by  contributions,  known  as   salary
  reduction  contributions, from participants  in  the  form  of
  payroll deductions of $5 to $346 each pay period, but  not  to
  exceed  25%  of  the  participant's  compensation  within  the
  meaning  of  section  415 of the Internal  Revenue  Code  (the
  IRC).   The  Plan  provides  a  qualified  cash  and  deferred
  arrangement within the meaning of section 401(k) of  the  IRC;
  such  contributions were subject to the calendar year  maximum
  of  $10,000  in  1999 and 1998. Effective July  1,  1997,  the
  Company  contributes an amount equal to 35% of a participant's
  eligible  contributions,  up to 6%  of  a  participant's  base
  monthly  salary.  With the consent of the Plan  administrator,
  amounts may be rolled over from other qualified plans.

  Separate  accounts  are maintained for each participant.  Each
  participant's  account balance is adjusted for  contributions,
  withdrawals,  if  any, interest, dividends, and  net  realized
  and unrealized gains or losses daily.

  Administrative Expenses

  Certain administrative expenses of the Plan are borne  by  the
  Company.


                               -6-




           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                  UNITED STEELWORKER OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------
                           (Continued)




1.   Description of the Plan (Continued)

  Investment Programs

  The  Plan's investments are administered by Marshall &  Ilsley
  Trust  Company under a trust agreement dated January 1,  1996.
  Investment programs available to participants are as follows:

     Company Stock Fund - Assets are invested in shares of the
     IMC Global Stock Fund, a pooled fund shared only by other IMC
     Global Operations, Inc. 401(k) plans, which invests in the
     common stock of IMC Global Inc.

     Fixed Income Fund - Assets are invested in shares of IMC
     Global Fixed Income Fund, a pooled fund shared only by other IMC
     Global Operations, Inc. 401(k) plans as well as guaranteed
     investment contracts (GICs), the Marshall Money Market Fund, the
     LaSalle National Trust, N.A. Income Plus Fund and the M&I Stable
     Principal Fund. The December 31, 1999 holdings are described
     below:

     a. GIC with CDC Investment Management Corp. with a
       guaranteed interest rate of 7.5% through June 30, 2000.

     b. GIC with Rabobank Alternative with a guaranteed interest
        rate of 6.17% through March 15, 2001.

     c. GIC with Government Plus Synthetic with an open maturity
        with interest rate resets at January 1, 2000, April  1,
        2000, July 1, 2000, and October 1, 2000.

     d. GIC with Ohio National with a guaranteed interest rate
        of 6.25% through July 16, 2003.

     e. GIC with Sunamerica Life Synthetic with a guaranteed
        interest rate of 6.053% through July 27, 2003.

     f. GIC with Connecticut General Life with a guaranteed
        interest rate 5.35% through October 30, 2003.


                               -7-



           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------
                           (Continued)


1.   Description of the Plan (Continued)

     g. GIC with Protective Life with a guaranteed interest rate of
        5.84% through July 30, 2002.

     h. Marshall Money Market Fund.

     i. The M&I Stable Principal Fund is primarily invested in
        traditional and synthetic investment contracts, money market
        securities, and registered first-tier money market mutual funds.

     Balanced  Fund - Assets are invested in  shares  of  the
     Vanguard Wellington Fund, Inc., a mutual fund which invests in a
     diversified portfolio of 60%-70% common stocks and  30%-40%
     bonds.

     Equity Fund - Assets are invested in shares of the Fidelity
     Equity-Income Fund, Inc., a mutual fund which invests at least
     65% of its assets in income-producing equity securities. The
     balance of the portfolio is invested in all types of domestic
     and foreign instruments, including bonds.

     Bond  Index Fund - Assets are invested in shares of  the
     Vanguard  Fixed  Income Fund, a pooled fund  which  invests
     primarily  in  a portfolio of securities issued  as  direct
     obligations of the U.S. Treasury.

     Growth Fund - Assets are invested in shares of the Fidelity
     Magellan Fund, Inc., a mutual fund which invests in common stock
     and securities of domestic, foreign, and multinational issuers.

     Loan Fund - Loans made to participants as described below.

  Participants  elect  their  desired  investment  program  upon
  joining  the  Plan.  Participants  may  elect  to  change  the
  investment  direction of their existing account  balances  and
  their future contributions daily.

  Vesting

  Participants are immediately and nonforfeitably vested in
  their accounts.


                               -8-



           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
            IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------
                           (Continued)



1.  Description of the Plan (Continued)

  Withdrawals

  Participants  may  withdraw their interest in  the  Plan  upon
  termination   of  employment.  Under  certain  conditions   of
  financial  hardship, participants may withdraw funds,  subject
  to  prior  approval  of  the Employee Benefit  Committee,  but
  their  participation  in the Plan will  be  suspended  for  at
  least  one year. Full withdrawals are available after age 59 1/2
  or in the event of total and permanent disability.

  Deferred Distributions

  Participants  who  terminate  their  employment  and  have  an
  account  balance in excess of $5,000 may elect  (at  any  time
  prior  to  age 65) to defer receipt of distribution  until  no
  later than their 70th birthday.

  Loans to Participants

  Participants  in  the Plan may be granted  loans  subject  to
  certain  terms  and  maximum dollar or Plan  account  balance
  limits,  as defined by the Plan. The amount of any such  loan
  is  borrowed from the account of the participant to whom  the
  loan  was  made,  and  such account does  not  share  in  the
  allocation  of  income, gains, and losses of  the  investment
  funds  to the extent of the outstanding balance of such loan.
  Principal  repayments, which are over one to five  years  for
  general  purpose  loans and over one  to  fifteen  years  for
  residential  loans, and related interest income are  credited
  to  the  borrowing participant's account. Loan  payments  are
  made  by  weekly payroll deductions. Each loan bears interest
  at  the  prevailing rate for loans of similar risk,  date  of
  maturity, and date of grant.

2.   Summary of Significant Accounting Policies

  Investment Valuation

  All  investments  with the exception of guaranteed  investment
  contracts  are carried at fair value. Fair value is  the  last
  reported  sales price on the last business day  of  the  month
  for  securities traded on a national securities  exchange  and
  in  the over-the-counter market. Fair value for shares of  the
  mutual funds, the IMC Global Company Stock Fund and the


                               -9-



           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------
                           (Continued)


2.  Summary of Significant Accounting Policies (Continued)

  IMC  Global Fixed Income Fund, the M&I Stable Principal  Fund,
  and  the  LaSalle National Trust, N.A. is the net asset  value
  of  those  shares  or units, as determined by  the  respective
  funds.  Loans  to  participants  are  valued  at  cost   which
  approximates  fair value. Guaranteed investment contracts  are
  carried at contract value.

  Income Recognition

  Purchases  and sales of securities are accounted  for  on  the
  trade  date  (date  the  order to buy or  sell  is  executed).
  Dividend  income is recorded on the ex-dividend date. Interest
  from investments is recorded as earned on an accrual basis.

  Contributions

  Contributions from participants are recorded each  pay  period
  as  withheld by the Company. Contributions by the Company  are
  made  monthly  based on the minimum contribution  required  by
  the Plan.

  Participant Withdrawals

  Withdrawals   are   recorded  when  payments   are   made   to
  participants.   Withdrawals  requested  but   not   paid   are
  presented   in   Department  of  Labor   Form   5500   (Annual
  Return/Report of Employee Benefit Plan) as liabilities.  There
  were no unpaid withdrawals at December 31, 1999 and 1998.

  Use of Estimates

  The  preparation  of financial statements in  conformity  with
  generally  accepted accounting principles  requires  the  Plan
  administrator  to make estimates and assumptions  that  affect
  the   amounts   reported  in  the  financial  statements   and
  accompanying  notes. Actual results could  differ  from  those
  estimates.

  New Accounting Pronouncement

  Certain  amounts in the Plan's 1998 financial statements  have
  been  reclassified to conform to the 1999 financial  statement
  presentation as a result of adopting SOP 99-3, Accounting  for
  and   Reporting   of   Certain   Defined   Contribution   Plan
  Investments and other Disclosures Matters, in 1999.


                               -10-



           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------
                           (Continued)




3.  Investment in Master Trust

  Assets  of  the Company Stock Fund and the Fixed  Income  Fund
  are  invested in shares of IMC-Global pooled funds  shared  by
  other  IMC Global Operations Inc. 401(k) plans. The Plan  held
  a  1.4%  and  1.0% interest, respectively, in  the  IMC-Global
  Stock  Fund  and the IMC-Global Fixed Income Fund at  December
  31, 1999 (0.8% and 0.5%, respectively, at December 31, 1998).

  The  equitable  shares in the pooled funds of a  participating
  plan  are proportionate to the fair market value of the assets
  applicable to such participating plan.

  The assets of the pooled funds as of December 31, 1999, were
as follows:

                                                       IMC Global
                                         IMC Global       Fixed
                                         Stock Fund    Income Fund
                                         ----------    -----------

  IMC Global Inc. common stock          $ 15,043,090   $          -
  M&I Stable Principal Fund                        -     18,899,717
  Guaranteed Investment Contracts:
   CDC Investment Management Corp.                 -      6,028,752
   Rabobank Alternative                            -      2,260,361
   Government Plus Synthetic                       -      6,028,795
   Ohio National                                   -      3,277,696
   Sunamerica Life Synthetic                       -      3,058,666
   Connecticut General Life                        -      2,666,961
   Protective Life                                 -      3,073,187
  Marshall Money Market Fund                 488,024        898,258
  Pending transactions                         6,657              -
  Accrued interest and dividends               3,130         73,208
                                        ------------   ------------
      Net Assets                        $ 15,540,901   $ 46,265,601
                                        ============   ============





                              -11-



           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------
                           (Continued)



3.  Investment in Master Trust (Continued)

  The assets of the pooled funds as of December 31, 1998, were as follows:

                                                    IMC Global
                                      IMC Global       Fixed
                                      Stock Fund    Income Fund
                                      ----------    -----------

  IMC Global Inc. common stock       $ 19,945,932    $          -
  M&I Stable Principal Fund                     -      25,300,570
  Guaranteed Investment Contracts:
   CDC Investment Management Corp.              -       6,028,752
   Rabobank Alternative                         -       3,135,194
   National Westminster Bank Group              -       2,729,535
   Government Plus Synthetic                    -       5,690,822
   Ohio National                                -       3,084,891
   Sunamerica Life Synthetic                    -       3,501,766
   Connecticut General Life                     -       2,532,191
   General American Synthetic                   -       2,529,671
  Marshall Money Market Fund              576,545         519,225
  Pending transactions                          -               -
  Accrued interest and dividends            3,147         129,668
                                     ------------    ------------
      Net Assets                     $ 20,525,624    $ 55,182,285
                                     ============    ============

  Changes in the pooled balances for the year ended December 31, 1999,  were
  summarized as follows:
                                                                 IMC Global
                                               IMC Global           Fixed
                                               Stock Fund        Income Fund
                                               ----------        -----------

  Additions
  Interest and dividend income                 $   307,153      $   2,919,067
  Net realized and unrealized depreciation
  in fair value of investments                  (1,958,939)                 -
  Contributions and transfers from other plans  20,621,302         29,755,582
                                               ------------     --------------
                                                18,969,516         32,674,649
                                               ------------     --------------
  Deductions
  Benefits paid                                 23,954,239         41,578,994
  Investment expenses                                    -             12,339
                                               ------------     --------------
                                                23,954,239         41,591,333
                                               ------------     --------------
  Net decrease in assets                        (4,984,723)        (8,916,684)
  Net assets, beginning of year                 20,525,624         55,182,285
                                               ------------     --------------
  Net assets, end of year                      $15,540,901      $  46,265,601
                                               ============     ==============


                                 -12-



                   SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
                  OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                         UNITED STEELWORKERS OF AMERICA
                             AT CARLSBAD, NEW MEXICO
                             -----------------------

                          NOTES TO FINANCIAL STATEMENTS
                          -----------------------------
                                   (Continued)




3.  Investment in Master Trust (Continued)

  Changes in the pooled balances for the year ended December 31, 1998, were
  summarized as follows:

                                                                 IMC Global
                                                 IMC Global        Fixed
                                                 Stock Fund      Income Fund
                                                 ----------     ------------

  Additions
  Interest and dividend income                $    234,583      $  3,132,655
  Net realized and unrealized appreciation
  (depreciation) in fair value of investments   (5,948,352)          321,606
  Contributions and transfers from other plans  31,572,913        58,592,605
                                              ------------      ------------
                                                25,859,144        62,046,866
                                              ------------      ------------
  Deductions
  Benefits paid                                 23,713,125        47,702,409
  Investment expenses                                    -            24,934
                                              ------------      ------------
                                                23,713,125        47,727,343
                                              ------------      ------------
  Net increase in assets                         2,146,019        14,319,523
  Net assets, beginning of year                 18,379,605        40,862,762
                                              ------------      ------------
  Net assets, end of year                     $ 20,525,624      $ 55,182,285
                                              ============      ============

4.   Significant Investments

  Investments (all are participant-directed)  that  represent 5%
  or   more  of net assets   available for  benefits at December 31,
  1999 and 1998, were as follows:

                                              1999              1998
                                           ---------        -----------


  Vanguard Wellington Fund, Inc.           $  384,066        $  308,562
  Fidelity Equity-Income Fund, Inc.           717,153           611,011
  Vanguard Fixed Income Fund                1,235,106         1,465,329
  Fidelity Magellan Fund, Inc.                311,735           173,028



                              -13-



           SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES
          OF IMC GLOBAL OPERATIONS INC. REPRESENTED BY
                 UNITED STEELWORKERS OF AMERICA
                     AT CARLSBAD, NEW MEXICO
                     -----------------------

                  NOTES TO FINANCIAL STATEMENTS
                  -----------------------------
                           (Continued)




5.   Federal Income Tax Status

  The Internal Revenue Service  ruled on  September   11,   1995,
  that the Plan qualified under section   401(a)  of the IRC and,
  therefore, the related trust is  not  subject  to   tax   under
  present income tax  law.   The  Plan has  been  amended   since
  receiving the determination letter.    However,   the      Plan
  administrator and the Plan's  counsel believe  that the Plan is
  designed  and  is  currently being  operated in compliance with
  the applicable requirements of the IRC.







                              -14-








                     Supplemental Schedules







     SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES OF IMC GLOBAL OPERATIONS INC.
      REPRESENTED BY UNITED STEELWORKERS OF AMERICA AT CARLSBAD, NEW MEXICO
    -----------------------------------------------------------------------

                           SCHEDULE H, PART IV, ITEM 4(i)
                           ------------------------------

                    SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
                   ------------------------------------------------

                              YEAR ENDED DECEMBER 31, 1999
                             -----------------------------



Employer Identification Number: 36-3513204
Plan Number: 019



                                                                                  Number of                     Current
     Identity of Issuer                            Description                     Shares        Cost            Value
- --------------------------------------    ----------------------------------      ---------   ----------      -----------

                                                                                                  
Marshall and Ilsley Trust Company*         Vanguard Wellington Fund, Inc.          13,736     $  395,523      $  384,066
                                           Fidelity Equity-Income Fund, Inc.       13,410        680,653         717,153
                                           Vanguard Fixed Income Fund             121,926      1,281,054       1,235,106
                                           Fidelity Magellan Fund, Inc.             2,282        269,751         311,735
Loans to participants (7.00% - 10.75%)                                                -          159,138         159,138
                                                                                              ----------      ----------
                                                                                              $2,786,119      $2,807,198
                                                                                              ==========      ==========



*Indicates party-in-interest to the Plan.






                              -15-





     SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES OF IMC GLOBAL OPERATIONS INC.
      REPRESENTED BY UNITED STEELWORKERS OF AMERICA AT CARLSBAD, NEW MEXICO
      ---------------------------------------------------------------------

                         SCHEDULE G, PART I
                         ------------------

                  SCHEDULE OF LOANS OR FIXED INCOME OBLIGATIONS
                 ---------------------------------------------

                        YEAR ENDED DECEMBER 31, 1999
                        ----------------------------



Employer Identification Number: 36-3513204
Plan Number: 019




                                   Principal and
                      Original     Interest Paid
   Social Security      Loan         During the        Loan      Maturity    Default   Interest               Collateral
       Number          Amount          Year        Issue Date     Date         Date      Rate           Type               Value
- ------------------    ---------    -------------   ----------    ---------   -------   --------      ------------          ------

                                                                                                   
     ###-##-####      $4,700         $   89        12/17/97      12/11/02    8/26/99    8.50%        Participant account   $    -

     ###-##-####       2,700          1,405         1/29/99       1/26/00    9/28/99    7.75%        Participant account    5,621









                              -16-






     SALARY REDUCTION PLAN FOR HOURLY EMPLOYEES OF IMC GLOBAL OPERATIONS INC.
      REPRESENTED BY UNITED STEELWORKERS OF AMERICA AT CARLSBAD, NEW MEXICO
     ----------------------------------------------------------------------

                        SCHEDULE H, PART IV, ITEM 4(j)
                        ------------------------------

                      SCHEDULE OF REPORTABLE TRANSACTIONS
                      -----------------------------------

                            YEAR ENDED DECEMBER 31, 1999
                            ----------------------------


Employer Identification Number: 36-3513204
Plan Number: 019


                                                                                                               Current
                                                                                                               Value of
                                                                                                               Asset on
                                                                           Purchase     Selling      Cost     Transaction     Net
   Identity of Party Involved              Description of Assets            Price       Price      of Asset     Date         Gain
- ----------------------------------    -------------------------------      --------     -------   ---------   ----------   --------


Series of securities transactions in excess of 5% of plan assets
- ----------------------------------------------------------------
                                                                                                        
Marshall and Ilsley Trust Company*    Vanguard Wellington Fund, Inc.        $178,921    $    -     $178,921    $178,921    $   -
                                                                                 -        85,351     81,137      85,351      4,214
                                      Fidelity Equity-Income Fund, Inc.      265,979         -      265,979     265,979        -
                                                                                 -       133,264    113,723     133,264     19,541
                                      Vanguard Fixed Income Fund             241,770         -      241,770     241,770        -
                                                                                 -       343,238    341,361     343,238      1,877
                                      Fidelity Magellan Fund, Inc.           193,448         -      193,448     193,448        -
                                                                                 -        84,772     76,891      84,772      7,881

*Indicates party-in-interest to the Plan.




                              -17-






                           SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act
of 1934, I, the Undersigned Chairman of the Employee Benefits
Committee, have duly caused this annual report to be signed on
its behalf by the undersigned hereunto duly authorized.

    Salary Reduction Plan for Hourly Employees of IMC Global
       Operations Inc. Represented by United Steelworkers
               of America at Carlsbad, New Mexico


                               /s/ J. Bradford James
                               -----------------------
                               J. Bradford James
                               Chairman of the Employee Benefits Committee

Date:  June 28, 2000

    Pursuant to the requirements of the Securities Exchange Act
of 1934, this annual report has been signed below by the
following persons in their capacities as members of the Employee
Benefits Committee and on the dates indicated.

      Signature                 Title                      Date

/s/ J. Bradford James       Senior Vice President      June 28, 2000
- ---------------------       and Chief Financial
J. Bradford James               Officer

/s/ Stephen P. Malia        Senior Vice President      June 28, 2000
- ---------------------       Human Resources
Stephen P. Malia

/s/ E. Paul Dunn, Jr.       Vice President and         June 28, 2000
- ---------------------       Treasurer
E. Paul Dunn, Jr.

/s/ Mary Ann Hynes          Senior Vice President      June 28, 2000
- ---------------------       and General Counsel
Mary Ann Hynes

EX-23.1

                 Consent of Independent Auditors

We  consent to the incorporation by reference in the Registration
Statement  (Form  S-8  No.  33-42074) pertaining  to  the  Salary
Reduction Plan for Hourly Employees of IMC Global Operations Inc.
Represented  by United Steelworkers of America at  Carlsbad,  New
Mexico  of  our  report dated May 26, 2000, with respect  to  the
financial  statements  of the Salary Reduction  Plan  for  Hourly
Employees  of  IMC Global Operations Inc. Represented  by  United
Steelworkers of America at Carlsbad, New Mexico included in  this
Annual Report (Form 11-K) for the year ended December 31, 1999.


                                      /s/ Hill, Taylor LLC
                                      Hill, Taylor LLC

Chicago, Illinois
June 26, 2000

EX-23.2

                 Consent of Independent Auditors

We  consent to the incorporation by reference in the Registration
Statement  (Form  S-8  No.  33-42074) pertaining  to  the  Salary
Reduction  Plan  for  Hourly Employees of IMC Global  Operations,
Inc.  Represented by United Steelworkers of America at  Carlsbad,
New  Mexico of our report dated May 7, 1999, with respect to  the
financial  statements  of the Salary Reduction  Plan  for  Hourly
Employees  of IMC Global Operations, Inc. Represented  by  United
Steelworkers of America at Carlsbad, New Mexico included in  this
Annual Report (Form 11-K) for the year ended December 31, 1999.

                                             /s/ Ernst & Young LLP
Chicago, Illinois                            Ernst & Young LLP
June 26, 2000