FREEPORT-McMORAN COPPER AND GOLD (FCX $16.80, rated OVERWEIGHT, Target REDUCED again to $60 from $75) – – SUBSEQUENT COPPER PRICE DROPS RENDER DECEMBER 3RD OPERATING PLAN FOR $1.50-$2.00 INSUFFICIENT AND ANOTHER OUTPUT CUT PLAN MAY FOLLOW 12/8/2008

FREEPORT-McMORAN COPPER AND GOLD (FCX $16.80, rated
OVERWEIGHT, Target REDUCED again to $60 from $75) – – SUBSEQUENT
COPPER PRICE DROPS RENDER DECEMBER 3RD OPERATING PLAN FOR
$1.50-$2.00 INSUFFICIENT AND ANOTHER OUTPUT CUT PLAN MAY
FOLLOW 12/8/2008