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## Notes To Consolidated Financial Statements 

<img src='content_image/30131.jpg'>

a. Employer contributions for 2005 are expected to approximate $3.8 million for the PT Fr eeport Indonesia plan (based on a December 31, 2004, exchange rate of 9,270 Indonesian rupiah to one U.S. dollar), $9.8 million for the Atlantic Copper plan (based on a December 31, 2004, exchange rate of $1.36 per euro) and none for the FCX plan. 

b. As discussed above, FCX and FM Services Company elected to terminate their defined be nefit pension plans and ceased accruing benefits on June 30, 2000. The assumptions shown only relate to the SERP. 

c. Rate of compensation increase assumption for 2005 is 10.0 percent for staff employees and 14.0 percent for non-staff employees and 8.0 percent for all years thereafter. 

The components of net periodic benefit cost for FCX’s, including the SERP and director plan, and, since 

October 1, 2002, FM Services Company’s pension plans follow (in thousands): 

<img src='content_image/30132.jpg'>

The components of net periodic benefit cost for PT Freeport Indonesia’s and Atlantic Copper’s pension plans follow (in thousands): 

