Phosphate Resource Partners Limited Partnership to Make No Cash Distribution For the Quarter Ended March 31, 2001

Apr 26, 2001, 01:00 ET from Phosphate Resource Partners Limited

    LAKE FOREST, Ill., April 26 /PRNewswire/ -- Phosphate Resource Partners
 Limited Partnership (NYSE:   PLP) today announced that it will not make a cash
 distribution for the quarter ended March 31, 2001.  This determination was
 made as a result of the distributable cash calculation pursuant to the terms
 of the partnership agreement.
     IMC Global (NYSE:   IGL) is the 51.6 percent owner and the administrative
 managing general partner of PLP.
     PLP is engaged in the production and sale of phosphate crop nutrients and
 animal feed ingredients.  For more information, visit the PLP Web site at
 www.phosplp.com .
 
                                                Statement of Distributable Cash
                                                                  (in millions)
     Phosphate Resource Partners Limited Partnership               (unaudited)
 
 
 
                                                                  Quarter ended
                                                                 March 31, 2001
 
     Loss                                                               $(12.7)
 
     PLP's share of IMC Phosphates Company's loss                          3.7
 
     PLP's share of IMC Phosphates
      Company's first quarter cash distribution                             --
 
           Adjusted loss                                                  (9.0)
 
     Other adjustments:
            Interest accrual, net of payments                             (2.6)
            All other                                                     (4.0)
 
     Total available distributable cash                                 $(15.6)
 
 
     Distributable cash per unit                                          $ --
 
 
     Units outstanding                                                   103.5
 
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SOURCE Phosphate Resource Partners Limited
    LAKE FOREST, Ill., April 26 /PRNewswire/ -- Phosphate Resource Partners
 Limited Partnership (NYSE:   PLP) today announced that it will not make a cash
 distribution for the quarter ended March 31, 2001.  This determination was
 made as a result of the distributable cash calculation pursuant to the terms
 of the partnership agreement.
     IMC Global (NYSE:   IGL) is the 51.6 percent owner and the administrative
 managing general partner of PLP.
     PLP is engaged in the production and sale of phosphate crop nutrients and
 animal feed ingredients.  For more information, visit the PLP Web site at
 www.phosplp.com .
 
                                                Statement of Distributable Cash
                                                                  (in millions)
     Phosphate Resource Partners Limited Partnership               (unaudited)
 
 
 
                                                                  Quarter ended
                                                                 March 31, 2001
 
     Loss                                                               $(12.7)
 
     PLP's share of IMC Phosphates Company's loss                          3.7
 
     PLP's share of IMC Phosphates
      Company's first quarter cash distribution                             --
 
           Adjusted loss                                                  (9.0)
 
     Other adjustments:
            Interest accrual, net of payments                             (2.6)
            All other                                                     (4.0)
 
     Total available distributable cash                                 $(15.6)
 
 
     Distributable cash per unit                                          $ --
 
 
     Units outstanding                                                   103.5
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X82336423
 
 SOURCE  Phosphate Resource Partners Limited