SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

ARNOLD MICHAEL J

(Last)

(First)

(Middle)

1615 POYDRAS STREET

(Street)

NEW ORLEANS

70112

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
12/09/2003

3. Issuer Name and Ticker or Trading Symbol
FREEPORT MCMORAN COPPER & GOLD INC [ FCX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Administrative Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class B Common Stock	46,472⁽¹⁾	D
Class B Common Stock	1,966	I	Through 401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options (right to buy)⁽²⁾	02/04/2004⁽³⁾	02/04/2013	Class B Common Stock	75,000	$18.885	D
Options (right to buy)⁽²⁾	01/29/2003⁽³⁾	01/29/2012	Class B Common Stock	56,156	$13.9734	D
Options (right to buy)⁽²⁾	01/30/2002⁽³⁾	01/30/2011	Class B Common Stock	32,500	$11.31	D
Options (right to buy)⁽²⁾	02/01/2001⁽³⁾	02/01/2010	Class B Common Stock	16,250	$17.5	D
SECAP Company Savings Credits	08/08/1998⁽⁴⁾	08/08/1998⁽⁴⁾	Class B Common Stock	2,129⁽⁵⁾	$0⁽⁴⁾	D

Explanation of Responses:

1. Includes 32,395 Class B Common Stock Restricted Stock Units.

2. Options with limited stock appreciation rights.

3. The original grant became exercisable in installments, 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.

4. The reported securities were acquired under the Issuer's excess benefit plan and will be settled in cash upon the Reporting Person's retirement or other termination of services.

5. The value of the Reporting Person's SECAP Company Savings Credits is equivalent to 2,129 shares of Class B Common Stock as of December 9, 2003.

	Margaret F. Murphy on behalf of Michael J. Arnold pursuant to a power of attorney	12/18/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.