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IMC FERTILIZER GROUP AMENDS 1992 ANNUAL REPORT

 NORTHBROOK, Ill., June 8 /PRNewswire/ -- IMC Fertilizer Group, Inc. (NYSE: IFL) today amended its 1992 annual report on Form 10-K and its 1992 financial statements in connection with the formation of the previously announced phosphate fertilizer joint venture with Freeport- McMoRan Resource Partners, Limited Partnership and its pursuit of approximately $225 million of additional financing.
 In this filing, Ernst & Young, the company's independent auditors, updated its previously issued report on the company's 1992 financial statements to state that the company's previously disclosed financing difficulties raise substantial doubt about the company's ability to continue as a going concern.
 "This action by Ernst & Young results from the circumstances previously disclosed by the company," said Wendell F. Bueche, president and chief executive officer. "The company is working diligently to resolve its financing difficulties prior to June 30 including obtaining the approximately $225 million of additional financing, and if successful, the modification to the Ernst & Young report with respect to this matter will be removed."
 -0- 6/8/93
 /CONTACT: John E. Galvin (financial), 708-205-4814, or Thomas C. Pasztor (media), 708-205-4801, both of IMC Fertilizer/
 (IFL)


CO: IMC Fertilizer Group, Inc. ST: Illinois IN: SU:

GK-WB -- NY080 -- 6716 06/08/93 17:01 EDT
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Publication:PR Newswire
Date:Jun 8, 1993
Words:200
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