X0202 4 2007-11-26 0 0000879575 TERRA NITROGEN CO L P /DE TNH 0001195239 BAILEY COLEY L 600 FOURTH STREET P.O. BOX 6000 SIOUX CITY IA 51102-6000 1 0 0 0 Phantom Unit 0.00 2007-11-26 4 A 0 40.25 104.35 A Phantom Unit 40.25 2040.25 D These units represent cash distribution equivalents on deferred director's compensation under the Company's deferred compensation plan for outside directors. The units are settled in cash after the reporting person ceases to be a director of the Company. John W. Huey, by Power of Attorney for Coleman L. Bailey 2007-11-28