Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRAHAM H DEVON JR
   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)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
1900 WEST LOOP SOUTH, SUITE 1050		 3. Date of Earliest Transaction (Month/Day/Year)
03/06/2008
(Street)

HOUSTON, TX 77027		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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
Common Stock 03/06/2008   M   2,500 A $ 15.195 12,500 D  
Common Stock 03/06/2008   M   10,000 A $ 26.975 22,500 D  
Common Stock 03/06/2008   S   300 D $ 105.03 22,200 D  
Common Stock 03/06/2008   S   1,200 D $ 105.02 21,000 D  
Common Stock 03/06/2008   S   500 D $ 105.01 20,500 D  
Common Stock 03/06/2008   S   200 D $ 105 20,300 D  
Common Stock 03/06/2008   S   100 D $ 104.96 20,200 D  
Common Stock 03/06/2008   S   412 D $ 104.95 19,788 D  
Common Stock 03/06/2008   S   900 D $ 104.94 18,888 D  
Common Stock 03/06/2008   S   500 D $ 104.89 18,388 D  
Common Stock 03/06/2008   S   200 D $ 104.86 18,188 D  
Common Stock 03/06/2008   S   100 D $ 104.84 18,088 D  
Common Stock 03/06/2008   S   700 D $ 104.83 17,388 D  
Common Stock 03/06/2008   S   800 D $ 104.82 16,588 D  
Common Stock 03/06/2008   S   250 D $ 104.81 16,338 D  
Common Stock 03/06/2008   S   600 D $ 104.8 15,738 D  
Common Stock 03/06/2008   S   700 D $ 104.79 15,038 D  
Common Stock 03/06/2008   S   300 D $ 104.78 14,738 D  
Common Stock 03/06/2008   S   1,146 D $ 104.77 13,592 D  
Common Stock 03/06/2008   S   300 D $ 104.76 13,292 D  
Common Stock 03/06/2008   S   2,392 D $ 104.75 10,900 D  
Common Stock 03/06/2008   S   800 D $ 104.74 10,100 D  
Common Stock (3) 03/06/2008   S   100 D $ 104.73 10,000 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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) $ 15.195 03/06/2008   M     2,500 08/01/2003(1) 08/01/2012 Common Stock 2,500 $ 0 0 D  
Options (Right to Buy) $ 26.975 03/06/2008   M     10,000 08/01/2004(2) 08/01/2013 Common Stock 10,000 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRAHAM H DEVON JR
1900 WEST LOOP SOUTH, SUITE 1050
HOUSTON, TX 77027		        

Signatures

 Kelly C. Simoneaux, on behalf of H. Devon Graham, Jr., pursuant to a power of attorney   03/07/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.
(2) 25% exercisable on the date indicated and 25% exercisable on each of the next three anniversaries thereof.
(3) Amount beneficially owned following the reported transactions includes 6,500 Common Stock Restricted Stock Units.
 
Remarks:
1 of 2 Forms 4 filed March 7, 2008 to report transactions occurring on March 6, 2008. See second Form 4 for the remainder of the reported transactions.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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