<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
FEBRUARY 3, 1998
FREEPORT-MCMORAN OIL AND GAS ROYALTY TRUST
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
<TABLE>
<S> <C> <C>
TEXAS 1-8581 72-6108468
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (IRS EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
CHASE BANK OF TEXAS, NATIONAL ASSOCIATION
CORPORATE TRUST DIVISION
712 MAIN STREET
HOUSTON, TEXAS 77002
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
</TABLE>
(713) 216-5712
(REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)
<PAGE> 2
ITEM 5. OTHER EVENTS
Exhibit 99 is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO-FORMA FINANCIAL INFORMATION AND
EXHIBITS
(c) Exhibits
99 Press Release dated January 21, 1998
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
FREEPORT-MCMORAN OIL AND GAS
ROYALTY TRUST
BY: CHASE BANK OF TEXAS, NATIONAL ASSOCIATION,
TRUSTEE
By: /s/ Pete Foster
----------------------------------------
Pete Foster
Senior Vice President & Trust Officer
Dated: February 3, 1998
<PAGE> 3
EXHIBIT INDEX
EXHIBIT
NUMBER EXHIBIT DESCRIPTION
- ------ -------------------
99 Press Release dated January 21, 1998
<PAGE> 1
EXHIBIT 99
FREEPORT-McMoRAN OIL AND GAS
ROYALTY TRUST
CHASE BANK OF TEXAS, TRUSTEE
NEWS RELEASE
TEXAS CIRCUIT - FOR IMMEDIATE RELEASE
FMR ANNOUNCES JANUARY COSTS
HOUSTON, TEXAS (January 21, 1998)--Freeport-McMoRan Oil and Gas Royalty Trust
(New York Stock Exchange Symbol: FMR) announced that for the month of January
1998 the Trust's Class A costs exceeded Gross Proceeds by $1,322,287,
increasing the cumulative Class A cost carry-forward to $18,771,487.
Accordingly, there will be no distribution for January 1998. In addition, net
current month Trust administrative expenses of $6,965 will be paid from the
Trust administrative expense reserve resulting in approximately $1.7 million
remaining in the expense reserve.
As referenced in the Trust's September 30, 1997 Form 10-Q quarterly report, on
December 22, 1997 Freeport-McMoRan Inc. (FTX) merged into IMC Global Inc.
(IGL). As a result of the merger, IGL has assumed the duties and
responsibilities of the Working Interest Owner formerly held by FTX.
CONTACT: FREEPORT-McMoRAN OIL AND GAS ROYALTY TRUST
CHASE BANK OF TEXAS, NATIONAL ASSOCIATION, TRUSTEE
DEBBIE MILLER
(713) 216-5712
www.businesswire.com/cnn/fmr.htm
