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<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
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<META NAME="date" CONTENT="08/25/2003">
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<P style="margin:0pt" align=center>SECURITIES AND EXCHANGE COMMISSION</P>
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<P style="margin:0pt" align=center>Washington, D.C. &nbsp;20549</P>
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<P style="margin:0pt" align=center>FORM 8-K</P>
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<P style="margin:0pt" align=center>CURRENT REPORT</P>
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<P style="margin:0pt" align=center>Pursuant to Section 13 or 15(d) of the</P>
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<P style="margin:0pt" align=center>Securities Exchange Act of 1934</P>
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<P style="margin:0pt" align=center>Date of Report (Date of earliest event reported): &nbsp;August 25, 2003</P>
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<P style="margin:0pt" align=center>FREEPORT-McMoRan COPPER &amp; GOLD INC.</P>
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<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware &nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt">&nbsp;&nbsp;1-9916 </P>
<P style="margin:0pt; text-indent:288pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74-2480931</P>
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<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(State or other</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:144pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt" align=justify>(Commission</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:288pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:324pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(IRS Employer </P>
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<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:144pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:216pt" align=justify>&nbsp;&nbsp;File Number) </P>
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<P style="margin:0pt; text-indent:324pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identification</P>
<P style="margin-top:0pt; margin-bottom:-12pt; text-indent:36pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;incorporation or</P>
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<P style="margin:0pt; text-indent:324pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number)</P>
<P style="margin:0pt; text-indent:36pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;organization)</P>
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<P style="margin:0pt" align=center>1615 Poydras Street</P>
<P style="margin:0pt" align=center>New Orleans, Louisiana &nbsp;70112</P>
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<P style="margin:0pt" align=center>Registrant's telephone number, including area code: &nbsp;(504) 582-4000</P>
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<P style="margin:0pt; padding-left:72pt; text-indent:-72pt" align=justify>Item 5. &nbsp;<U>Other Events.</U></P>
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<P style="margin:0pt">Freeport-McMoRan Copper &amp; Gold Inc. issued a press release dated August 25, 2003 announcing significant debt reduction through conversions of $311 million of its 8&#188;% Convertible Senior Notes due 2006 (see Exhibit 99).</P>
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<P style="margin:0pt; text-indent:108pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
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<P style="margin:0pt" align=center>SIGNATURE</P>
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<P style="margin:0pt; text-indent:36pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
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<P style="margin:0pt; text-indent:216pt" align=justify>FREEPORT-McMoRan COPPER &amp; GOLD INC.</P>
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<P style="margin:0pt; text-indent:216pt" align=justify>By: \s\ C. Donald Whitmire, Jr. &nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;----------------------------------------</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Donald Whitmire, Jr.</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vice President and Controller - </P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Reporting</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(authorized signatory and</P>
<P style="margin:0pt; text-indent:216pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Accounting Officer)</P>
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<P style="margin:0pt" align=justify>Date: &nbsp;August 25, 2003</P>
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<P style="margin:0pt" align=center>Freeport-McMoRan Copper &amp; Gold Inc.</P>
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99.&nbsp;&nbsp; Press release dated August 25, 2003 titled &#147;Freeport-McMoRan Copper &amp; Gold Inc. Announces<B> </B>Significant Debt Reduction Through Conversions of $311 Million of its 8&#188;% Convertible Senior Notes due 2006.&#148;</P>
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SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  August 25, 2003
FREEPORT-McMoRan COPPER & GOLD INC.
Delaware
1-9916
74-2480931
(State or other
(Commission
(IRS Employer
jurisdiction of
File Number)
Identification
incorporation or
Number)
organization)
1615 Poydras Street
New Orleans, Louisiana  70112
Registrant's telephone number, including area code:  (504) 582-4000
Item 5.
Other Events.
Freeport-McMoRan Copper & Gold Inc. issued a press release dated August 25, 2003 announcing significant debt reduction through conversions of $311 million of its 8¼% Convertible Senior Notes due 2006 (see Exhibit 99).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
FREEPORT-McMoRan COPPER & GOLD INC.
By: \s\ C. Donald Whitmire, Jr.
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C. Donald Whitmire, Jr.
Vice President and Controller -
Financial Reporting
(authorized signatory and
Principal Accounting Officer)
Date:  August 25, 2003
Freeport-McMoRan Copper & Gold Inc.
Exhibit Index
Exhibit
Number
99.   Press release dated August 25, 2003 titled "Freeport-McMoRan Copper & Gold Inc. Announces
Significant Debt Reduction Through Conversions of $311 Million of its 8¼% Convertible Senior Notes due 2006."