Filed pursuant to Rule 424(b)(3)






Filed pursuant to Rule 424(b)(3)

Registration No. 333-114430


Prospectus Supplement No. 2 to Prospectus


Freeport-McMoRan Copper & Gold Inc.


1,100,000 Shares


5½% Convertible Perpetual Preferred Stock and the

Class B Common Stock Issuable Upon Conversion of the

5½% Convertible Perpetual Preferred Stock


____________________


This prospectus supplement relates to the resale by the selling securityholders listed below of 5½% Convertible Perpetual Preferred Stock of Freeport-McMoRan Copper & Gold Inc., and the shares of class B common stock of Freeport-McMoRan Copper & Gold Inc. issuable upon the conversion of the stock.  You should read this prospectus supplement together with the prospectus dated May 3, 2004, and the prospectus supplement No. 1 dated June 4, 2004, which are to be delivered with this prospectus supplement.

The table below (1) sets forth additional and updated information with respect to the number of shares of the preferred stock owned by each selling securityholder, and the shares of common stock into which such stock is convertible, that may be offered under the prospectus by the selling securityholders, and (2) supplements and, to the extent inconsistent with, amends the table appearing in the section entitled “Selling Securityholders” beginning on page 35 of the prospectus.  To the extent a selling securityholder is listed both in the table below and in the table appearing in the prospectus, the information set forth below regarding that selling securityholder supercedes the information set forth in the prospectus.

The number of shares of our class B common stock shown in the table below assumes conversion of all of the shares of the preferred stock held by such holder at the initial conversion rate of 18.8019 shares of common stock per share of the preferred stock.  This conversion rate is subject to certain adjustments as described under “Description of the Preferred Stock – Conversion Rights” in the prospectus.  Accordingly, the shares of class B common stock issuable upon conversion of the preferred stock may increase or decrease from time to time.  Under the terms of the certificate of designations, fractional shares will not be issued upon conversion of the preferred stock.  Cash will be paid in lieu of fractional shares, if any.  As of June 30, 2004, we had 173,770,485 shares of our class B common stock outstanding.

The information in the table below is based on information provided by or on behalf of the selling securityholders.  The selling securityholders identified below may have sold, transferred or otherwise disposed of all or a portion of their stock or class B common stock since the date on which they provided the information regarding their stock or class B common stock in transactions exempt from the registration requirements of the Securities Act of 1933.  Because the selling securityholders may offer all or some portion of the preferred stock or the class B common stock to be offered by them, we cannot estimate the amount of any sales.

Name

Number of Shares of Preferred Stock Beneficially Owned That May Be Sold

Percentage of Preferred Stock Outstanding*

Number of Shares of Underlying Common Stock That May Be Sold

Akela Capital Master Fund, Ltd.

13,000

1.18%

244,424

Argent Classic Convertible Arbitrage Fund (Bermuda) Ltd.

 

7,090

 

**

 

133,305

Argent Classic Convertible Arbitrage Fund II, L. P.

420

**

7,896

Argent Classic Convertible Arbitrage Fund L. P.

1,820

**

34,219

Argent LowLev Convertible Arbitrage Fund II, LLC

130

**

2,444

Argent LowLev Convertible Arbitrage Fund LLC

870

**

16,357

Argent LowLev Convertible Arbitrage Fund Ltd.

4,710

**

88,556

Bancroft Convertible Fund, Inc.

1,500

**

28,202

BankAmerica Pension Plan

2,500

**

47,004

Barclays Global Investors Limited

1,000

**

18,801

Barnet Partners, Ltd.

1,500

**

28,202

BMO Nesbitt Burns Inc.

2,000

**

37,603

BP Amoco PLC Master Trust

827

**

15,549

Century Park Trust

1,000

**

18,801

Chrysler Corporation Master Retirement Trust

11,500

1.05%

216,221

Class C Trading Company, Ltd.

420

**

7,896

CODA CAPITAL MANAGEMENT, LLC

810

**

15,229

CODA/KHPE CONVERTIBLE PORTFOLIO

360

**

6,768

CQS Convertible and Quantitative Strategies Master Fund Limited

 

62,000

 

5.64%

 

1,165,717

Credit Suisse First Boston Europe LTD

140

**

2,632

Custom Investments PCC, Ltd.

100

**

1,880

DeepRock & Co

1,000

**

18,801

Dodeca Fund, L.P.

665

**

12,503

DuckBill & Co

1,000

**

18,801

Ellsworth Convertible Growth and Income Fund, Inc.

 

1,500

 

**

 

28,202

F.M. Kirby Foundation, Inc.

2,200

**

41,364

Fidelity Financial Trust:  Fidelity Convertible Securities Fund

 

34,500

 

3.14%

 

648,665

Fidelity Financial Trust:  Fidelity Strategic Dividend & Income Fund

 

1,050

 

**

 

19,741

GARTMORE CONVERTIBLE FUND

780

**

14,665

General Motors Welfare Benefit Trust

1,000

**

18,801

GMAM Group Pension Trust

1,000

**

18,801

Grace Convertible Arbitrage Fund, LTD

6,000

**

112,811

HFR CA Global Select Master Trust Account

170

**

3,196

Hotel Union & Hotel Industry of Hawaii Pension Plan

 

216

 

**

 

4,061

Inflective Convertible Opportunity Fund I, L.P.

35

**

658

International Truck & Engine Corporation Non-Contributory Retirement Plan Trust

 

1,600

 

**

 

30,083

International Truck & Engine Corporation Retiree Health Benefit Trust

 

600

 

**

 

11,281

International Truck & Engine Corporation Retirement Plan for Salaried Employees Trust

 

1,500

 

**

 

28,202

JMG Capital Partners, L.P.

15,250

1.39%

286,728

JMG Triton Offshore Fund, LTD.

15,250

1.39%

286,728

John Deere Pension Trust

1,000

**

18,801

JP Morgan Securities Inc.

9,000

**

169,217

LW PAXSON CONV CRUT

100

**

1,880

Lyxor Master Fund Ref: Argent/LowLev CB c/o Argent

 

830

 

**

 

15,605

Microsoft Corporation

3,100

**

58,285

Motion Picture Industry Health Plan - Active Member Fund

 

600

 

**

 

11,281

Motion Picture Industry Health Plan - Retiree Member Fund

 

500

 

**

 

9,400

National Bank of Canada c/o Putnam Lovell NBF Securities Inc.

 

2,000

 

**

 

37,603

Newport Alternative Income Fund

925

**

17,391

OCM Convertible Trust

6,000

**

112,811

OCM Global Convertible Securities Fund

500

**

9,400

Pacific Funds - Putnam Equity Income Fund

7

**

131

Pacific Life Insurance Company - Pacific Select Fund Equity Income Portfolio

 

90

 

**

 

1,692

Peoples Benefit Life Insurance Company TEAMSTERS

 

1,500

 

**

 

28,202

Putnam Convertible Income-Growth Trust

7,985

**

150,133

Putnam Equity Income Fund

1,360

**

25,570

Putnam High Income Bond Fund

1,360

**

25,570

Putnam High Income Opportunities Trust

850

**

15,981

Putnam Variable Trust - Putnam VT Equity Income Fund

 

43

 

**

 

808

Qwest Occupational Health Trust

500

**

9,400

RBC Alternative Assets - Conv Arb

250

**

4,700

Retail Clerks Pension Trust

1,000

**

18,801

Retail Clerks Pension Trust #2

1,000

**

18,801

Richard Mueller

60

**

1,128

Salomon Brothers Asset Management, Inc.

20,000

1.82%

376,038

Silver Convertible Arbitrage Fund, LDC

400

**

7,520

Silvercreek II Limited

2,495

**

46,910

Silvercreek Limited Partnership

4,080

**

76,711

SSI Blended Market Neutral L.P.

429

**

8,066

SSI Hedged Convertible Market Neutral L.P.

569

**

10,698

St. Albans Partners Ltd.

2,250

**

42,304

State Employees' Retirement Fund of the State of Delaware

 

3,500

 

**

 

65,806

Teachers Insurance and Annuity Association of America

 

12,000

 

1.09%

 

225,622

The St. Paul Travelers Companies, Inc. - Commercial  Lines

 

600

 

**

 

11,281

The St. Paul Travelers Companies, Inc. - Personal Lines

 

400

 

**

 

7,520

UBS AG London

23,000

2.09%

432,443

UBS Securities LLC

250

**

4,700

Univest Multi-Strategy - Conv Arb

150

**

2,820

UnumProvident Corporation

1,100

**

20,682

Vanguard Convertible Securities Fund, Inc.

36,200

3.29%

680,628

Viacom Inc. Pension Plan Master Trust

23

**

432

Waterstone Market Neutral Fund L.P.

3,500

**

65,806

Waterstone Market Neutral MAC 51, Ltd.

3,400

**

63,926

Waterstone Market Neutral Offshore Fund, Ltd.

26,600

2.42%

500,130

Whitebox Diversified Convertible Arbitrage Partners LP

 

3,000

 

**

 

56,405

WPG Convertible Arbitrage Overseas Master Fund

600

**

11,281

Xavex Convertible Arbitrage 10 Fund

670

**

12,597

Xavex Convertible Arbitrage 2 Fund

260

**

4,888

Yield Strategies Fund I, L.P.

1,500

**

28,202

Yield Strategies Fund II, L.P.

1,500

**

28,202

Zurich Institutional Benchmarks Master Fund Ltd.

936

**

17,598

     

Total

388,985

35.36%

7,313,605


*

Based on 1,100,000 shares of the preferred stock outstanding.

**

Less than 1%.

____________________


Investing in the preferred stock involves significant risks that are described in the “Risk Factors” section beginning on page 6 of the prospectus.

____________________


Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved these securities or passed on the adequacy or accuracy of this prospectus.  Any representation to the contrary is a criminal offense.

____________________


The date of this prospectus supplement is July 26, 2004.