SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Schedule 13G
Information Statement Pursuant to Rules 13d-1 and 13d-2
Under the Securities Exchange Act of 1934
(Amendment No. 2)
Freeport-McMoran Copper & Gold, Inc.
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(Name of Issuer)
Gold Denominated Preferred Stock - Series B
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(Title and Class of Securities)
35671D600
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(CUSIP Number)
Check the following box if a fee is being paid with statement ___ . (A fee is
not required if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
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The information on the remainder of this page shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Act") or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
<PAGE>
Cusip 35671D600
13G
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1 NAME OF REPORTING PERSONS
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSONS
Arnhold and S. Bleichroeder, Inc.
Armhold and S. Bleichroeder Advisers, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) **__
(b) ___
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
State of New York
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5 SOLE VOTING POWER
NUMBER OF 0
SHARES ---------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 745,500
EACH ---------------------------------------------------------
REPORTING 7 SOLE DISPOSITVE POWER
PERSON 0
WITH ---------------------------------------------------------
8 SHARED DISPOSITIVE POWER
745,500
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
745,500
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10 CHECK THE BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
Not Applicable
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.43%
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12 TYPE OF REPORTING PERSON*
BD, IA
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*SEE INSTRUCTIONS BEFORE FILING
<PAGE>
Cusip 35671D600
Schedule 13 G (Cont.)
Item 1(a)- Name of Issuer: Freeport-McMoran Copper & Gold, Inc.
Item 1(b)- Address of Issuer's Principal Executive Offices:
1615 Poydras Street
New Orleans, LA 70112
Item 2(a)- Name of Person Filing: Arnhold and S. Bleichroeder, Inc.
Arnhold and S. Bleichroeder Advisers, Inc.
Item 2(b)- Address of Principal Business Office: 1345 Ave of Americas
New York, NY 10105
Item 2(c)- Citizenship: New York, NY, USA (Place of Incorporation)
Item 2(d)- Title of Class of Securities- Gold Denominated Preferred - Series B
Item 2(e)- Cusip Number: 35671D600
Item 3 - This statement is being filed pursuant to Rule 13d-1(b). The person
filing is a:
(a) Broker or Dealer registered under Section 15 of the Act; and
(e) Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940.
Item 4(a) 745,500
Item 4(b)- Percent of Class: 12.43%
Item 4(c)- Number of Shares to which A & SB has:
(i)--sole power to vote or to direct the vote: -0-
(ii)-shared power to vote or to direct the vote: 745,500
(iii)-sole power to dispose or to direct the disposition of: -0-
(iv)-shared power to dispose or to direct the disposition of: 745,500
Item 5 - Ownership of Five Percent or Less of a Class: N/A
Item 6 - Ownership of More than Five percent on Behalf of Another Person:
<PAGE>
Cusip 35671D600
Schedule G (Cont.)
Item 7-Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company:
Not Applicable
Item 8-Identification and Classification of Members of the Group:
Arnhold and S. Bleichroeder, Inc.,
Arnhold and S. Bleichroeder Advisers, Inc.
Item 9-Notice of Dissolution of Group:
Not Applicable
Item 10 - Certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: February 11, 2000
ARNHOLD AND S. BLEICHROEDER, INC.
By: ---------------------------------
/S/ Tracy L. Saltwick
Senior Vice President, Compliance
