FREEPORT-McMORAN COPPER AND GOLD (FCX $72.51, Overweight with Price Target cut to $135 from $192) DISCOUNT RATE INCREASED BY 3.03% DUE TO EVIDENCE OF HIGHER POLITICAL RISKS  2/3/2010

FREEPORT-McMORAN COPPER AND GOLD (FCX $72.51, Overweight with
Price Target cut to $135 from $192) DISCOUNT RATE INCREASED BY 3.03%
DUE TO EVIDENCE OF HIGHER POLITICAL RISKS  2/3/2010