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<TITLE>As filed with the Securities and Exchange Commission on March 8, 2001</TITLE>
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<FONT SIZE=3><P ALIGN="JUSTIFY">As filed with the Securities and Exchange Commission on March 8, 2001</P>
<P ALIGN="RIGHT">Registration No. 33-__________</P>
<B><U>
<hr>
</U><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</P>
<P ALIGN="CENTER">FORM S-8</P>
<P ALIGN="CENTER">REGISTRATION STATEMENT UNDER THE<BR>
SECURITIES ACT OF 1933</P>
<P ALIGN="CENTER">MISSISSIPPI CHEMICAL CORPORATION<BR>
</B></FONT><FONT SIZE=1>(Exact Name of Registrant as Specified in Its Charter)</P></FONT>
<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=9 WIDTH=481>
<TR><TD WIDTH="50%" VALIGN="TOP">
<B><FONT SIZE=3><P ALIGN="CENTER">Mississippi</B></FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<B><FONT SIZE=3><P ALIGN="CENTER">64-0292638</B></FONT></TD>
</TR>
<TR><TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(State or Other Jurisdiction of<BR>
Incorporation or Organization)</FONT></TD>
<TD WIDTH="50%" VALIGN="TOP">
<FONT SIZE=1><P ALIGN="CENTER">(I.R.S. Employer<BR>
Identification No.)</FONT></TD>
</TR>
</TABLE>
</CENTER>

<B><FONT SIZE=3><P ALIGN="CENTER"><BR>
P.O. Box 388<BR>
Yazoo City, Mississippi&nbsp;&nbsp;39194<BR>
(662) 746-4131<BR>
</B></FONT><FONT SIZE=1>(Address, including Zip Code, and Telephone Number, including Area<BR>
Code, of Registrant's Principal Executive Offices)</P>
<P ALIGN="CENTER"><BR>
</FONT><B><FONT SIZE=3>MISSISSIPPI CHEMICAL CORPORATION AMENDED AND RESTATED<BR>
1995 STOCK OPTION PLAN FOR NONEMPLOYEE DIRECTORS<BR>
</B></FONT><FONT SIZE=1>(Full Title of Plan)</P>
</FONT><B><U><FONT SIZE=3><P ALIGN="CENTER">_______________________</P>
</U><P ALIGN="CENTER"><BR>
William L. Smith, Esq.<BR>
Vice President and General Counsel<BR>
Mississippi Chemical Corporation<BR>
P.O. Box 388<BR>
Yazoo City, Mississippi  39194<BR>
</B></FONT><FONT SIZE=1>(Name, Address, and Telephone Number,<BR>
including Area Code, of Agent for Service)</P>
</FONT><B><FONT SIZE=2><P ALIGN="CENTER"></P>
<P ALIGN="CENTER"><BR>
CALCULATION OF REGISTRATION FEE<BR>
</P></B></FONT>
<TABLE BORDER CELLSPACING=1 CELLPADDING=9 WIDTH=797>
<TR><TD WIDTH="20%" VALIGN="TOP">
<B><FONT SIZE=3><P ALIGN="CENTER"><BR>
</FONT><FONT SIZE=2>Title of each class<BR>
of Securities<BR>
to be Registered</B></FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<B><FONT SIZE=3><P ALIGN="CENTER"><BR>
</FONT><FONT SIZE=2>Amount<BR>
to be<BR>
Registered<SUP>1</B></SUP></FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Proposed<BR>
Maximum<BR>
Offering Price<BR>
per Share<SUP>2</B></SUP></FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<B><FONT SIZE=2><P ALIGN="CENTER">Proposed<BR>
Maximum<BR>
Aggregate<BR>
Offering Price<SUP>2</B></SUP></FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<B><FONT SIZE=3><P ALIGN="CENTER"><BR>
</FONT><FONT SIZE=2>Amount of<BR>
Registration<BR>
Fee</B></FONT></TD>
</TR>
<TR><TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER"><BR>
Common Stock,<BR>
$.01 par value </FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER"><BR>
<BR>
100,000 Shares</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER"><BR>
<BR>
$3.81</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER"><BR>
<BR>
$381,000</FONT></TD>
<TD WIDTH="20%" VALIGN="TOP">
<FONT SIZE=3><P ALIGN="CENTER"><BR>
<BR>
$95.25<U><BR>
</U></FONT></TD>
</TR>
</TABLE>

<FONT SIZE=1><P ALIGN="JUSTIFY"><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;An indeterminate number of additional shares of Common Stock may be issued if the anti-dilution adjustment provisions of the plan become operative.  This Registration Statement registers 100,000 shares in
addition to 300,000 shares previously reserved for issuance under the prior version of the Registrant's Amended and Restated 1995 Stock Option Plan for Nonemployee Directors (the "Nonemployee Directors Plan").  The Registrant paid a registration fee in
the amount of $95.25 to register such additional 100,000 shares.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;Estimated solely for the purpose of calculating the registration fee on the basis of the average of the high and low price paid per share of Common Stock, as reported on the New York Stock
Exchange on March&nbsp;6, 2001, in accordance with Rule&nbsp;457(h) promulgated under the Securities Act of 1933, as amended.</P>
</FONT><B><P ALIGN="CENTER">PART II</P>
<P ALIGN="CENTER">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</P>
<I><P ALIGN="JUSTIFY">Item 3.&nbsp;&nbsp;<U>Incorporation of Certain Documents by Reference</U>.</P>
</B></I><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents heretofore filed with the Securities and Exchange Commission (the "SEC") by Mississippi Chemical Corporation ("MCC") are incorporated by reference in this Registration
Statement:</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual Report on Form 10-K for the fiscal year ended June&nbsp;30, 2000, which contains audited financial statements of MCC for MCC's last completed fiscal year (the "2000
Form 10-K").</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All reports filed by MCC pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since the 2000 Form 10-K.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of MCC's common stock, par value $.01 per share (the "Common Stock"), contained in MCC's Registration Statement on Form 8-A, dated June&nbsp;1, 1994 (File
Number 0-20411), including any amendment or report filed for the purpose of updating such description.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The description of MCC's preferred stock purchase rights set forth in the Registration Statement on Form&nbsp;8-A, dated August&nbsp;15, 1994 (SEC File Number 2-7803),
including any amendment or report filed for the purpose of updating such description.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by MCC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates
that all of the shares of Common Stock offered have been sold or which deregisters all of such shares then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of
such documents (such documents, and the documents enumerated above, being hereinafter referred to as "Incorporated Documents").</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained in an Incorporated Document shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other
subsequently filed Incorporated Document modifies or supersedes such statement.  Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.</P>
<B><I><P ALIGN="JUSTIFY">Item 4.&nbsp;&nbsp;<U>Description of Securities</U>.</P>
</B></I><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<B><I><P ALIGN="JUSTIFY">Item 5.&nbsp;&nbsp;<U>Interests of Named Experts and Counsel</U>.</P>
</B></I><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<B><I><P ALIGN="JUSTIFY">Item 6.&nbsp;&nbsp;<U>Indemnification of Directors and Officers</U>.</P>
</B></I><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MCC's Articles of Incorporation contain provisions eliminating the personal liability of its directors for monetary damages resulting from breaches of their fiduciary duty to the extent permitted
by the Mississippi Business Corporation Act.  Each director will continue to be subject to liability for the amount of financial benefit received by a director to which he or she is not entitled, for any intentional infliction of harm on MCC or its
shareholders, for improper distributions to shareholders and for intentional violations of criminal law.  This provision does not affect a director's responsibilities under any other laws, such as the federal securities laws or state or federal
environmental laws.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MCC has obtained a directors' and officers' liability and corporation reimbursement policy which (subject to certain limits and deductibles) (i)&nbsp;insures officers and directors of MCC against loss
arising from certain claims made against them by reason of their being such directors or officers, and (ii)&nbsp;insures MCC against loss which it may be required or permitted to pay as indemnification due its directors for certain claims.</P>
<B><I><P ALIGN="JUSTIFY">Item 7.&nbsp;&nbsp;<U>Exemption from Registration Claimed</U>.</P>
</B></I><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</P>
<B><I><P ALIGN="JUSTIFY">Item 8.&nbsp;&nbsp;<U>Exhibits</U>.</P></B></I>
<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=9 WIDTH=735>
<TR><TD WIDTH="9%" VALIGN="TOP">
<P ALIGN="RIGHT">4.1</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="86%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Shareholders Rights Plan filed as Exhibit 1 to MCC's Registration Statement on Form&nbsp;8-A dated August&nbsp;15, 1994, SEC File No.&nbsp;2-7803, and incorporated herein by reference.</TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">
<P ALIGN="RIGHT">4.2</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="86%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Mississippi Chemical Corporation Amended and Restated 1995 Stock Option Plan for Nonemployee Directors.</TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">
<P ALIGN="RIGHT">5.1</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="86%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Opinion of Hughes &amp; Luce, L.L.P.</TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">
<P ALIGN="RIGHT">23.1</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="86%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Consent of Hughes &amp; Luce, L.L.P. (contained in Exhibit 5.1).</TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">
<P ALIGN="RIGHT">23.2</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="86%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Consent of Arthur Andersen LLP.</TD>
</TR>
<TR><TD WIDTH="9%" VALIGN="TOP">
<P ALIGN="RIGHT">24.1</TD>
<TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="86%" VALIGN="TOP">
<P ALIGN="JUSTIFY">Power of Attorney (contained at page II-4).</TD>
</TR>
</TABLE>

<B><I><P ALIGN="JUSTIFY">Item 9.&nbsp;&nbsp;<U>Undertakings</U>.</P>

</B></I><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MCC hereby undertakes:</P>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the "Securities Act");</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;</P>

<P ALIGN="JUSTIFY"><U>provided</U>, <U>however</U>, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or
furnished to the SEC by MCC pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.</P>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>

<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MCC hereby undertakes that for purposes of determining any liability under the Securities Act, each filing of MCC's annual report pursuant to Section 13(a) or 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification by MCC for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of MCC pursuant to the
provisions described in Item 6, or otherwise, MCC has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for
indemnification by MCC against such liabilities (other than the payment by MCC of expenses incurred or paid by a director, officer or controlling person of MCC in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, MCC will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>

<B><P ALIGN="CENTER">SIGNATURES</P>
</B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Act, MCC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Yazoo City, State of Mississippi, on March&nbsp;8, 2001.</P><DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>
<DIR>

<P ALIGN="JUSTIFY">MISSISSIPPI CHEMICAL CORPORATION</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&nbsp;</P>
<P>By:&nbsp;<u> /s/ CHARLES O.
DUNN&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;<BR>
</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charles O. Dunn<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President, Chief Executive Officer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and Director (Principal Executive Officer)</P></DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>
</DIR>

<B><P ALIGN="CENTER"><BR>
POWER OF ATTORNEY</P>
</B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned officers and directors of Mississippi Chemical Corporation, hereby severally constitute and appoint Charles&nbsp;O. Dunn and William L. Smith, and each of them singly, our true and
lawful attorneys with full power to them, and each of them singly, to sign for us and in our names in the capacities indicated below, the Registration Statement on Form S-8 filed herewith and any and all amendments (including post-effective amendments) to
the Registration Statement, and generally to do all things in our name and behalf in the capacities indicated below to enable Mississippi Chemical Corporation to comply with the provisions of the Securities Act and all requirements to the Securities and
Exchange Commission, hereby ratifying and confirming our signatures as they may be signed by our attorneys, or any of them, to said Registration Statement and any and all amendments thereto.</P>
<P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated:</P>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=9 WIDTH=798>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P ALIGN="CENTER">Signature</U></TD>
<TD WIDTH="34%" VALIGN="TOP">
<U><P ALIGN="CENTER">Title</U></TD>
<TD WIDTH="30%" VALIGN="TOP">
<U><P ALIGN="CENTER">Date</P>
</U><P ALIGN="CENTER"></TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ CHARLES O. DUNN<BR>
</U>Charles O. Dunn</TD>
<TD WIDTH="34%" VALIGN="TOP">
<P ALIGN="CENTER">President,<BR>
Chief Executive Officer<BR>
and Director<BR>
(Principal Executive Officer)</TD>
<TD WIDTH="30%" VALIGN="TOP">
<P ALIGN="CENTER">March&nbsp;8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ TIMOTHY A. DAWSON<BR>
</U>Timothy A. Dawson</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Senior Vice President<BR>
and Chief Financial Officer<BR>
(Principal Financial Officer and<BR>
Principal Accounting Officer)</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ COLEY L. BAILEY<BR>
</U>Coley L. Bailey</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Chairman of the<BR>
Board of Directors</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ JOHN SHARP HOWIE</U><BR>
John Sharp Howie</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Vice Chairman of the<BR>
Board and Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ JOHN W. ANDERSON<BR>
</U>John W. Anderson</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ REUBEN V. ANDERSON</U><BR>
Reuben V. Anderson</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ FRANK R. BURNSIDE, JR.<BR>
</U>Frank R. Burnside, Jr.</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ W. A. PERCY II<BR>
</U>W. A. Percy II</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ W. R. DYESS<BR>
</U>W. R. Dyess</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ WOODS E. EASTLAND<BR>
</U>Woods E. Eastland</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ HALEY BARBOUR<BR>
</U>Haley Barbour</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ GEORGE PENICK<BR>
</U>George Penick</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ DAVID M. RATCLIFFE<BR>
</U>David M. Ratcliffe</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">
<P>March 8, 2001</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">&nbsp;</TD>
<TD WIDTH="30%" VALIGN="TOP" align="center">&nbsp;</TD>
</TR>
<TR><TD WIDTH="36%" VALIGN="TOP">
<U><P>/s/ WAYNE THAMES<BR>
</U>Wayne Thames</TD>
<TD WIDTH="34%" VALIGN="TOP" align="center">
<P>Director</TD>
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{"company-data": {"conformed-name": "MISSISSIPPI CHEMICAL CORP /MS/", "cik": "0000066895", "assigned-sic": "2870", "irs-number": "640292638", "state-of-incorporation": "MS", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-56726", "film-number": "1563768"}, "business-address": {"street1": "P O BOX 388", "city": "YAZOO CITY", "state": "MS", "zip": "39194", "phone": "6017464131"}, "mail-address": {"street1": "P O BOX 388", "city": "YAZOO CITY", "state": "MS", "zip": "39194"}, "former-company": {"former-conformed-name": "MISSISSIPPI CHEMICAL CORP", "date-changed": "19920703"}}
As filed with the Securities and Exchange Commission on March 8, 2001
As filed with the Securities and Exchange Commission on March 8, 2001
Registration No. 33-__________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933
MISSISSIPPI CHEMICAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Mississippi
64-0292638
(State or Other Jurisdiction of
Incorporation or Organization)
(I.R.S. Employer
Identification No.)
P.O. Box 388
Yazoo City, Mississippi  39194
(662) 746-4131
(Address, including Zip Code, and Telephone Number, including Area
Code, of Registrant's Principal Executive Offices)
MISSISSIPPI CHEMICAL CORPORATION AMENDED AND RESTATED
1995 STOCK OPTION PLAN FOR NONEMPLOYEE DIRECTORS
(Full Title of Plan)
_______________________
William L. Smith, Esq.
Vice President and General Counsel
Mississippi Chemical Corporation
P.O. Box 388
Yazoo City, Mississippi  39194
(Name, Address, and Telephone Number,
including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of each class
of Securities
to be Registered
Amount
to be
Registered
1
Proposed
Maximum
Offering Price
per Share
2
Proposed
Maximum
Aggregate
Offering Price
2
Amount of
Registration
Fee
Common Stock,
$.01 par value
100,000 Shares
$3.81
$381,000
$95.25
(1)  An indeterminate number of additional shares of Common Stock may be issued if the anti-dilution adjustment provisions of the plan become operative.  This Registration Statement registers 100,000 shares in
addition to 300,000 shares previously reserved for issuance under the prior version of the Registrant's Amended and Restated 1995 Stock Option Plan for Nonemployee Directors (the "Nonemployee Directors Plan").  The Registrant paid a registration fee in
the amount of $95.25 to register such additional 100,000 shares.
(2)  Estimated solely for the purpose of calculating the registration fee on the basis of the average of the high and low price paid per share of Common Stock, as reported on the New York Stock
Exchange on March 6, 2001, in accordance with Rule 457(h) promulgated under the Securities Act of 1933, as amended.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Certain Documents by Reference
.
The following documents heretofore filed with the Securities and Exchange Commission (the "SEC") by Mississippi Chemical Corporation ("MCC") are incorporated by reference in this Registration
Statement:
(a)     Annual Report on Form 10-K for the fiscal year ended June 30, 2000, which contains audited financial statements of MCC for MCC's last completed fiscal year (the "2000
Form 10-K").
(b)     All reports filed by MCC pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), since the 2000 Form 10-K.
(c)     The description of MCC's common stock, par value $.01 per share (the "Common Stock"), contained in MCC's Registration Statement on Form 8-A, dated June 1, 1994 (File
Number 0-20411), including any amendment or report filed for the purpose of updating such description.
(d)     The description of MCC's preferred stock purchase rights set forth in the Registration Statement on Form 8-A, dated August 15, 1994 (SEC File Number 2-7803),
including any amendment or report filed for the purpose of updating such description.
All documents subsequently filed by MCC pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to this Registration Statement which indicates
that all of the shares of Common Stock offered have been sold or which deregisters all of such shares then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of
such documents (such documents, and the documents enumerated above, being hereinafter referred to as "Incorporated Documents").
Any statement contained in an Incorporated Document shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other
subsequently filed Incorporated Document modifies or supersedes such statement.  Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities
.
Not applicable.
Item 5.
Interests of Named Experts and Counsel
.
Not applicable.
Item 6.
Indemnification of Directors and Officers
.
MCC's Articles of Incorporation contain provisions eliminating the personal liability of its directors for monetary damages resulting from breaches of their fiduciary duty to the extent permitted
by the Mississippi Business Corporation Act.  Each director will continue to be subject to liability for the amount of financial benefit received by a director to which he or she is not entitled, for any intentional infliction of harm on MCC or its
shareholders, for improper distributions to shareholders and for intentional violations of criminal law.  This provision does not affect a director's responsibilities under any other laws, such as the federal securities laws or state or federal
environmental laws.
MCC has obtained a directors' and officers' liability and corporation reimbursement policy which (subject to certain limits and deductibles) (i) insures officers and directors of MCC against loss
arising from certain claims made against them by reason of their being such directors or officers, and (ii) insures MCC against loss which it may be required or permitted to pay as indemnification due its directors for certain claims.
Item 7.
Exemption from Registration Claimed
.
Not applicable.
Item 8.
Exhibits
.
4.1
Shareholders Rights Plan filed as Exhibit 1 to MCC's Registration Statement on Form 8-A dated August 15, 1994, SEC File No. 2-7803, and incorporated herein by reference.
4.2
Mississippi Chemical Corporation Amended and Restated 1995 Stock Option Plan for Nonemployee Directors.
5.1
Opinion of Hughes & Luce, L.L.P.
23.1
Consent of Hughes & Luce, L.L.P. (contained in Exhibit 5.1).
23.2
Consent of Arthur Andersen LLP.
24.1
Power of Attorney (contained at page II-4).
Item 9.
Undertakings
.
(a)     MCC hereby undertakes:
(1)     To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)     To include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the "Securities Act");
(ii)     To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a
fundamental change in the information set forth in the Registration Statement;
(iii)     To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
provided
,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or
furnished to the SEC by MCC pursuant to Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in the Registration Statement.
(2)     That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement to the securities offered therein, and the offering of
such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)     To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)     MCC hereby undertakes that for purposes of determining any liability under the Securities Act, each filing of MCC's annual report pursuant to Section 13(a) or 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the Registration Statement shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)     Insofar as indemnification by MCC for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of MCC pursuant to the
provisions described in Item 6, or otherwise, MCC has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.  In the event that a claim for
indemnification by MCC against such liabilities (other than the payment by MCC of expenses incurred or paid by a director, officer or controlling person of MCC in the successful defense of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities being registered, MCC will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, MCC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Yazoo City, State of Mississippi, on March 8, 2001.
MISSISSIPPI CHEMICAL CORPORATION
By:
/s/ CHARLES O.
DUNN
Charles O. Dunn
President, Chief Executive Officer
and Director (Principal Executive Officer)
POWER OF ATTORNEY
We, the undersigned officers and directors of Mississippi Chemical Corporation, hereby severally constitute and appoint Charles O. Dunn and William L. Smith, and each of them singly, our true and
lawful attorneys with full power to them, and each of them singly, to sign for us and in our names in the capacities indicated below, the Registration Statement on Form S-8 filed herewith and any and all amendments (including post-effective amendments) to
the Registration Statement, and generally to do all things in our name and behalf in the capacities indicated below to enable Mississippi Chemical Corporation to comply with the provisions of the Securities Act and all requirements to the Securities and
Exchange Commission, hereby ratifying and confirming our signatures as they may be signed by our attorneys, or any of them, to said Registration Statement and any and all amendments thereto.
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated:
Signature
Title
Date
/s/ CHARLES O. DUNN
Charles O. Dunn
President,
Chief Executive Officer
and Director
(Principal Executive Officer)
March 8, 2001
/s/ TIMOTHY A. DAWSON
Timothy A. Dawson
Senior Vice President
and Chief Financial Officer
(Principal Financial Officer and
Principal Accounting Officer)
March 8, 2001
/s/ COLEY L. BAILEY
Coley L. Bailey
Chairman of the
Board of Directors
March 8, 2001
/s/ JOHN SHARP HOWIE
John Sharp Howie
Vice Chairman of the
Board and Director
March 8, 2001
/s/ JOHN W. ANDERSON
John W. Anderson
Director
March 8, 2001
/s/ REUBEN V. ANDERSON
Reuben V. Anderson
Director
March 8, 2001
/s/ FRANK R. BURNSIDE, JR.
Frank R. Burnside, Jr.
Director
March 8, 2001
/s/ W. A. PERCY II
W. A. Percy II
Director
March 8, 2001
/s/ W. R. DYESS
W. R. Dyess
Director
March 8, 2001
/s/ WOODS E. EASTLAND
Woods E. Eastland
Director
March 8, 2001
/s/ HALEY BARBOUR
Haley Barbour
Director
March 8, 2001
/s/ GEORGE PENICK
George Penick
Director
March 8, 2001
/s/ DAVID M. RATCLIFFE
David M. Ratcliffe
Director
March 8, 2001
/s/ WAYNE THAMES
Wayne Thames
Director
March 8, 2001