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PHELPS DODGE CALLS 8.10 PERCENT DEBENTURES

 PHELPS DODGE CALLS 8.10 PERCENT DEBENTURES
 Phoenix, Arizona, March 5, 1992 -- Phelps Dodge Corporation


(NYSE: PD) today announced it has called for redemption at par plus accrued interest all of its outstanding 8.10 Percent Sinking Fund Debentures Due 1996. The redemption date for this issue will be March 30, 1992. Phelps Dodge intends to refinance the debentures with debt issued under its existing $250 million shelf registration.
 Phelps Dodge is the world's second largest producer of copper. The company is also the world's second largest producer of carbon blacks, the leading North American fabricator of wheels and rims for medium and heavy trucks, a major manufacturer of magnet wire and specialty conductors, and has operations and investments abroad in mines and wire and cable manufacturing facilities. The company's operations are located throughout the United States and in 22 other countries.
 -0- 3/5/92
 /CONTACT: Thomas M. Foster of Phelps Dodge, 602-234-8139/
 (PD) CO: Phelps Dodge Corp. ST: Arizona IN: MNG SU:


KJ -- SD002 -- 5587 03/05/92 15:54 EST
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Publication:PR Newswire
Date:Mar 5, 1992
Words:173
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