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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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<SEC-DOCUMENT>0001181431-07-032555.txt : 20070515
<SEC-HEADER>0001181431-07-032555.hdr.sgml : 20070515
<ACCEPTANCE-DATETIME>20070515165619
ACCESSION NUMBER:		0001181431-07-032555
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070511
FILED AS OF DATE:		20070515
DATE AS OF CHANGE:		20070515

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FREEPORT MCMORAN COPPER & GOLD INC
		CENTRAL INDEX KEY:			0000831259
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				742480931
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE NORTH CENTRAL AVENUE
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004-4414
		BUSINESS PHONE:		6023668100

	MAIL ADDRESS:	
		STREET 1:		1615 POYDRAS STREET
		CITY:			NEW ORLEANS
		STATE:			LA
		ZIP:			70112

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	FREEPORT MCMORAN COPPER COMPANY INC
		DATE OF NAME CHANGE:	19910114

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ADKERSON RICHARD C
		CENTRAL INDEX KEY:			0001200685

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11307-01
		FILM NUMBER:		07854320

	BUSINESS ADDRESS:	
		STREET 1:		1615 POYDRAS STREET
		CITY:			NEW ORLEANS
		STATE:			LA
		ZIP:			70112
		BUSINESS PHONE:		5045824000
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd158494.xml
<DESCRIPTION>FORM 4 ADKERSON 05/11/07
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-05-11</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000831259</issuerCik>
        <issuerName>FREEPORT MCMORAN COPPER &amp; GOLD INC</issuerName>
        <issuerTradingSymbol>FCX</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001200685</rptOwnerCik>
            <rptOwnerName>ADKERSON RICHARD C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1615 POYDRAS STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW ORLEANS</rptOwnerCity>
            <rptOwnerState>LA</rptOwnerState>
            <rptOwnerZipCode>70112</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chief Executive Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Options (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>72.92</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2007-05-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2008-05-11</value>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <value>2017-05-11</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1500000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1500000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This grant is pursuant to the Issuer's policy to grant stock options to its executive officers every three years.  The Issuer, however, has elected to accelerate the executive officer grants by approximately nine months in consideration of the acquisition of Phelps Dodge Corporation earlier this year.</footnote>
        <footnote id="F2">25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.</footnote>
    </footnotes>

    <remarks>Following the reported transaction, the Reporting Person's direct beneficial ownership includes options to acquire a total of 2,250,000 shares of Common Stock, 250,000 of which are vested.  The Reporting Person also holds 608,296 Common Stock Restricted Stock Units.</remarks>

    <ownerSignature>
        <signatureName>Kelly C. Simoneaux, on behalf of Richard C. Adkerson pursuant to a power of attorney</signatureName>
        <signatureDate>2007-05-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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