QUANTUMONLINE.COM SECURITY DESCRIPTION:  Freeport-McMoRan Copper & Gold, 6 3/4% Mandatory Convertible Preferred Stock, liquidation preference $100 per share. The preferred shares are mandatorily convertible on 5/1/2010 into a variable number of Freeport-McMoRan Copper & Gold (NYSE: FCX) common shares based on the then current price of the common shares for 20 consecutive trading days ending the third trading day prior to the conversion date. The conversion settlement rate will be 1.3605 shares per unit if the then current market price is equal to or greater than $73.50 and 1.6327 shares per unit if the market price is equal to or less than $61.25. For market prices between those values the settlement rate will be $100 divided by the market value. The last reported sale price of the common stock on 3/22/2007 was $61.91. The preferred shares are convertible any time at the holder’s option into 1.3605 shares of common stock. Distributions of 6.75% ($6.75) per annum will be paid quarterly on 2/1, 5/1, 8/1 & 11/1 to holders of record on 1/15, 4/15, 7/15 & 10/15 respectively. The first dividend of $2.30625 will be paid on 8/1/07 for the period from the date of issuance to 8/1/07. Dividends paid by the preferred are eligible for the 15% tax rate on dividends under normal holding restrictions and are also eligible for the dividends received deduction for corporate holders (see page S-78 of the prospectus for further information). In regard to the payment of dividends and upon liquidation, the preferred shares rank equally with other preferreds of the company and senior to the common shares of the company. See the IPO prospectus for further information on the mandatory convertible preferred stock and their mandatory conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conversion Shares@Price	Distribution Dates	15% Tax Rate
NYSE Chart	6.75% $6.75	$100.00 $100.00	5/01/2010 5/01/2010	NR BB 9/28/2009	1.3605@$73.50+ 1.6327@$61.25-	2/1, 5/1, 8/1 & 11/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Company's Online Information Links

HOME PAGE:     http://www.fcx.com/
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Company's Email Address Links

Email Address	ir@fmi.com
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Address and Phone Numbers

Address:   1615 Poydras Street, New Orleans, LA 70112
Main Phone Number	504-582-4000
Fax Number	504-582-4899
Investor Contact   David P. Joint	504-582-4203
Toll Free Phone Number	800-535-7094

CEO - Richard C. Adkerson

CFO - Kathleen L. Quirk