SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* RANKIN B M JR (Last) (First) (Middle) 300 CRESCENT COURT SUITE 875 (Street) DALLAS TX 75201 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol FREEPORT MCMORAN COPPER & GOLD INC [ FCX ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 02/12/2004
	4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class B Common Stock	02/12/2004		M		5,000	A	$11.165	5,000	D
Class B Common Stock	02/12/2004		M		7,500	A	$9.0938	12,500	D
Class B Common Stock	02/12/2004		M		10,000	A	$17.3125	22,500	D
Class B Common Stock	02/12/2004		M		10,000	A	$14.9375	32,500	D
Class B Common Stock	02/12/2004		M		10,000	A	$29.1563	42,500	D
Class B Common Stock	02/12/2004		M		10,000	A	$30.4375	52,500	D
Class B Common Stock	02/12/2004		M		10,000	A	$26.6875	62,500	D
Class B Common Stock	02/12/2004		M		7,017	A	$20.2672	69,517	D
Class B Common Stock	02/12/2004		M		7,426	A	$20.3402	76,943	D
Class B Common Stock	02/12/2004		M		2,500	A	$15.195	79,443	D
Class B Common Stock	02/12/2004		M		1,639	A	$15.195	81,082	D
Class B Common Stock	02/12/2004		M		6,556	A	$14.9375	87,638	D
Class B Common Stock	02/12/2004		M		6,556	A	$29.1563	94,194	D
Class B Common Stock	02/12/2004		M		6,556	A	$30.4375	100,750	D
Class B Common Stock	02/12/2004		M		6,556	A	$26.6875	107,306	D
Class B Common Stock	02/12/2004		M		6,556	A	$17.3125	113,862	D
Class B Common Stock	02/12/2004		M		4,917	A	$9.0938	118,779	D
Class B Common Stock	02/12/2004		M		3,278	A	$11.165	122,057	D
Class B Common Stock	02/12/2004		M		4,600	A	$20.2672	126,657	D
Class B Common Stock	02/12/2004		M		4,868	A	$20.3402	131,525	D
Class B Common Stock	02/12/2004		S		79,443	D	$42.1965	52,082	D
Class B Common Stock	02/12/2004		D		52,082	D	$42.46	0	D
Class B Common Stock								674,067	I	By Rankin Interests Limited Partnership

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options (right to buy)(1)	$11.165	02/12/2004		M			5,000	08/01/2002(2)	08/01/2011	Class B Common Stock	5,000	$0	5,000	D
Options (right to buy)(1)	$9.0938	02/12/2004		M			7,500	08/01/2001(2)	08/01/2010	Class B Common Stock	7,500	$0	2,500	D
Options (right to buy)(1)	$17.3125	02/12/2004		M			10,000	08/01/2000(2)	08/01/2009	Class B Common Stock	10,000	$0	0	D
Options (right to buy)(1)	$14.9375	02/12/2004		M			10,000	08/01/1999(2)	08/01/2008	Class B Common Stock	10,000	$0	0	D
Options (right to buy)(1)	$29.1563	02/12/2004		M			10,000	08/01/1998(2)	08/01/2007	Class B Common Stock	10,000	$0	0	D
Options (right to buy)(1)	$30.4375	02/12/2004		M			10,000	08/01/1997(2)	08/01/2006	Class B Common Stock	10,000	$0	0	D
Options (right to buy)(1)	$26.6875	02/12/2004		M			10,000	08/01/1996(2)	08/01/2005	Class B Common Stock	10,000	$0	0	D
Options (right to buy)(1)	$20.2672	02/12/2004		M			7,017	05/01/1996(2)	08/01/2005	Class B Common Stock	7,017	$0	0	D
Options (right to buy)(1)	$20.3402	02/12/2004		M			7,426	07/17/1995(3)	05/02/2004	Class B Common Stock	7,426	$0	0	D
Options (right to buy)(1)	$15.195	02/12/2004		M			2,500	08/01/2003(2)	08/01/2012	Class B Common Stock	2,500	$0	7,500	D
Stock Appreciation Rights	$15.195	02/12/2004		M			1,639	08/01/2003(2)	08/01/2012	Class B Common Stock	1,639	$0	4,917	D
Stock Appreciation Rights	$14.9375	02/12/2004		M			6,556	05/02/2000(4)	08/01/2008	Class B Common Stock	6,556	$0	0	D
Stock Appreciation Rights	$29.1563	02/12/2004		M			6,556	05/02/2000(5)	08/01/2007	Class B Common Stock	6,556	$0	0	D
Stock Appreciation Rights	$30.4375	02/12/2004		M			6,556	05/02/2000(6)	08/01/2006	Class B Common Stock	6,556	$0	0	D
Stock Appreciation Rights	$26.6875	02/12/2004		M			6,556	05/02/2000	08/01/2005	Class B Common Stock	6,556	$0	0	D
Stock Appreciation Rights	$17.3125	02/12/2004		M			6,556	08/01/2000(2)	08/01/2009	Class B Common Stock	6,556	$0	0	D
Stock Appreciation Rights	$9.0938	02/12/2004		M			4,917	08/01/2001(2)	08/01/2010	Class B Common Stock	4,917	$0	1,639	D
Stock Appreciation Rights	$11.165	02/12/2004		M			3,278	08/01/2002(2)	08/01/2011	Class B Common Stock	3,278	$0	3,278	D
Stock Appreciation Rights	$20.2672	02/12/2004		M			4,600	05/02/2000	05/02/2005	Class B Common Stock	4,600	$0	0	D
Stock Appreciation Rights	$20.3402	02/12/2004		M			4,868	05/02/2000	05/02/2004	Class B Common Stock	4,868	$0	0	D

Explanation of Responses:

1. Options with rights to "Option Cancellation Gain" Payments.

2. 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.

3. 25% exercisable on the date indicated and 25% exercisable on 5/1/96 and on each of the next two anniversaries thereof.

4. 25% exercisable on the date indicated and 25% exercisable on 8/1/00 and on each of the next two anniversaries thereof.

5. 50% exercisable on the date indicated and 25% exercisable on 8/1/00 and on the next anniversary thereof.

6. 75% exercisable on the date indicated and 25% exercisable on 8/1/00.

	Margaret F. Murphy, on behalf of B.M. Rankin, Jr. pursuant to a power of attorney	12/17/2003
	** 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 4 (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).
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