BANK OF AMERICA CORP /DE/
SC 13G, 1999-06-18
NATIONAL COMMERCIAL BANKS
Previous: NATIONAL STEEL CORP, 8-K, 1999-06-18
Next: NABI /DE/, S-8, 1999-06-18







            SECURITIES AND EXCHANGE COMMISSION
                  WASHINGTON, D.C. 20549


                       SCHEDULE 13G
         UNDER THE SECURITIES EXCHANGE ACT OF 1934




            Freeport-McMoRan Copper & Gold Inc.
        -------------------------------------------
                    (Name of Issuer)


         Depositary Shares, Series II, representing
         0.05 shares of Gold-Denominated Preferred
         Stock, Series II, par value $0.10 per share
         -------------------------------------------
               (Title of Class of Securities)


                        35671D881
              -------------------------------
                      (CUSIP Number)


                      June 14, 1999
  -----------------------------------------------------------
    (Date of Event Which Requires Filing of this Statement)






Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:

          [ ] Rule 13d-1(b)

          [x] Rule 13d-1(c)

          [ ] Rule 13d-1(d)







PAGE 1 OF 10



<PAGE>

CUSIP No. 35671D881

- ----------------------------------------------------------------

1    NAME OF REPORTING PERSON: Bank of America Corporation

     I.R.S. IDENTIFICATION NO. OF ABOVE PERSON: 560906609
- ----------------------------------------------------------------

2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[](b)[]
- ----------------------------------------------------------------

3    SEC USE ONLY
- ----------------------------------------------------------------

4    CITIZENSHIP OR PLACE OF ORGANIZATION: United States
- ----------------------------------------------------------------

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:

5    Sole Voting Power: 0

6    Shared Voting Power: 430,400

7    Sole Dispositive Power: 0

8    Shared Dispositive Power: 430,400

- ----------------------------------------------------------------

9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     430,400
- ----------------------------------------------------------------

10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
     CERTAIN SHARES [ ]
- ----------------------------------------------------------------

11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 9.99%
- ----------------------------------------------------------------

12   TYPE OF REPORTING PERSON: HC
- ----------------------------------------------------------------






PAGE 2 of 10



<PAGE>

CUSIP No. 35671D881

- ----------------------------------------------------------------

1     NAME OF REPORTING PERSON: NMS Services, Inc.

      I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- ----------------------------------------------------------------

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[](b)[]
- ----------------------------------------------------------------

3     SEC USE ONLY
- ----------------------------------------------------------------

4     CITIZENSHIP OR PLACE OF ORGANIZATION: United States
- ----------------------------------------------------------------

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:

5     Sole Voting Power: 0

6     Shared Voting Power: 429,000

7     Sole Dispositive Power: 0

8     Shared Dispositive Power: 429,000

- ----------------------------------------------------------------

9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
      PERSON

      429,000
- ----------------------------------------------------------------

10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES [ ]
- ----------------------------------------------------------------

11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 9.96%
- ----------------------------------------------------------------

12    TYPE OF REPORTING PERSON: CO
- ----------------------------------------------------------------





PAGE 3 OF 10



<PAGE>

CUSIP No. 35671D881

- ----------------------------------------------------------------

1     NAME OF REPORTING PERSON: NMS Services (Cayman) Inc.

      I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- ----------------------------------------------------------------

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[](b)[]
- ----------------------------------------------------------------

3     SEC USE ONLY
- ----------------------------------------------------------------

4     CITIZENSHIP OR PLACE OF ORGANIZATION: Cayman Islands, B.W.I.
- ----------------------------------------------------------------

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:

5     Sole Voting Power: 429,000

6     Shared Voting Power: 0

7     Sole Dispositive Power: 429,000

8     Shared Dispositive Power: 0

- ----------------------------------------------------------------

9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
      PERSON

      9.96%
- ----------------------------------------------------------------

10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES [ ]
- ----------------------------------------------------------------

11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: 9.96%
- ----------------------------------------------------------------

12    TYPE OF REPORTING PERSON: CO
- ----------------------------------------------------------------





PAGE 4 OF 10



<PAGE>

CUSIP No. 35671D881

- ----------------------------------------------------------------

1     NAME OF REPORTING PERSON: NB Holdings Corporation

      I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- ----------------------------------------------------------------

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a)[](b)[]
- ----------------------------------------------------------------

3     SEC USE ONLY
- ----------------------------------------------------------------

4     CITIZENSHIP OR PLACE OF ORGANIZATION: United States
- ----------------------------------------------------------------

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:

5     Sole Voting Power: 0

6     Shared Voting Power: 1,400

7     Sole Dispositive Power: 0

8     Shared Dispositive Power: 1,400

- ----------------------------------------------------------------

9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
      PERSON

      1,400
- ----------------------------------------------------------------

10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES [ ]
- ----------------------------------------------------------------

11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: .03%
- ----------------------------------------------------------------

12    TYPE OF REPORTING PERSON: HC
- ----------------------------------------------------------------





PAGE 5 OF 10



<PAGE>

CUSIP No. 35671D881

- ----------------------------------------------------------------

1     NAME OF REPORTING PERSON: NationsBank N.A.

      I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
- ----------------------------------------------------------------

2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a)[](b)[]
- ----------------------------------------------------------------

3     SEC USE ONLY
- ----------------------------------------------------------------

4     CITIZENSHIP OR PLACE OF ORGANIZATION: United States
- ----------------------------------------------------------------

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING
PERSON WITH:

5     SOLE VOTING POWER: 900

6     SHARED VOTING POWER: 500

7     SOLE DISPOSITIVE POWER: 900

8     SHARED DISPOSITIVE POWER: 500

- ----------------------------------------------------------------

9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
      PERSON

      1,400
- ----------------------------------------------------------------

10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
      CERTAIN SHARES [ ]
- ----------------------------------------------------------------

11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9: .03%
- ----------------------------------------------------------------

12    TYPE OF REPORTING PERSON: BK
- ----------------------------------------------------------------





PAGE 6 OF 10



<PAGE>

ITEM 1  (a) NAME OF ISSUER:

            Freeport-McMoRan Copper & Gold Inc.

        (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

            1615 Poydras Street
            New Orleans, Louisiana 70112

ITEM 2  (a) NAMES OF PERSONS FILING:

            Bank of America Corporation
            NationsBank N.A.
            NB Holdings Corporation
            NMS Services (Cayman) Inc.
            NMS Services, Inc.

        (b) ADDRESS OF PRINCIPAL BUSINESS OFFICES:

            Bank of America Corporation,
            NationsBank N.A., and
            NB Holdings Corporation

            100 North Tryon Street
            Charlotte, NC  28255

            NMS Services, Inc.

            NMS Services (Cayman) Inc.

            Bank of Nova Scotia Building
            P.O. Box 884
            Grand Cayman, Cayman Islands, B.W.I.

        (c) CITIZENSHIP:

            United States, except NMS Services (Cayman) Inc.,
            Cayman Islands, B.W.I.

        (d) TITLE OF CLASS OF SECURITIES:

            Depositary Shares, Series II, representing
            0.05 shares of Gold-Denominated Preferred
            Stock, Series II, par value $0.10 per share

        (e) CUSIP NUMBER: 35671D881




PAGE 7 OF 10



<PAGE>

ITEM 3 - IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b)
OR 13d-2(b)OR (c), CHECK WHETHER THE PERSON FILING IS A:

Not Applicable.


ITEM 4 - OWNERSHIP

With respect to the beneficial ownership of each reporting person,
see Items 5 through 8 of the cover pages to this Schedule 13G
applicable to each such person (pp. 2-6), which are incorporated
herein by reference.


ITEM 5 - OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

Not Applicable.


ITEM 6 - OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:

Not Applicable.


ITEM 7 - IDENTIFICATION OF THE SUBSIDIARIES WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

NationsBank N.A.
NB Holdings Corporation
NMS Services (Cayman) Inc.
NMS Services, Inc.


ITEM 8 - IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE
GROUP:

Not Applicable.


ITEM 9 - NOTICE OF DISSOLUTION OF GROUP:

Not Applicable.









PAGE 8 OF 10



<PAGE>


ITEM 10 - CERTIFICATION.

By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.

After reasonable inquiry and to the best of my knowledge and
belief, the undersigned certify that the information set forth
in this statement is true, complete and correct.

DATED: June 18, 1999

Bank of America Corporation
NationsBank N.A.
NB Holdings Corporation
NMS Services (Cayman) Inc.
NMS Services, Inc.




BY: /s/ PETER J. BROWN


Peter J. Brown
Vice President
Corporate Compliance






PAGE 9 OF 10



<PAGE>

                         EXHIBIT A
                   JOINT FILING AGREEMENT


The undersigned hereby agree that they are filing this
statement jointly pursuant to Rule 13d-1(k)(1).  Each of
them is responsible for the timely filing of such Schedule
13G and any amendments thereto, and for the completeness and
accuracy of the information concerning such person contained
therein; but none of them is responsible for the completeness
or accuracy of the information concerning the other persons
making the filing, unless such person knows or has reason to
believe that such information is inaccurate.


DATE: June 18, 1999

Bank of America Corporation
NationsBank N.A.
NB Holdings Corporation
NMS Services (Cayman) Inc.
NMS Services, Inc.


BY: /s/ PETER J. BROWN


Peter J. Brown
Vice President
Corporate Compliance











PAGE 10 OF 10



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission