UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~July~~June 1125, 2006 (Date of Report/Date of earliest event reported)

PHELPS DODGE CORPORATION

(Exact name of registrant as specified in its charter)


NEW YORK (State or other jurisdiction of incorporation)		001-00082 (Commission File Number)		13-1808503 (IRS Employer Identification No.)

One North Central Avenue
Phoenix, Arizona 85004-4414
(Address and zip code of principal executive offices)

(602) 366-8100
(Registrant’s telephone number, including area code)

N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

x Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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ITEM 8.01 OTHER EVENTS ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS SIGNATURES EXHIBIT INDEX EX-9910.1: ~~PRESS~~COMBINATION ~~RELEASE OF PHELPS DODGE CORPORATION DATED JULY 11, 2006~~AGREEMENT

ITEM 8.01 OTHER EVENTS

Phelps Dodge isCorporation ~~filing~~filed ~~as Exhibit 99.1 to this~~ a Current Report on Form 8-K, adated ~~press release issued by Phelps Dodge on July~~June 1126, 2006, reporting, ~~providing~~among aother ~~statement~~things, ~~regarding~~its ~~Xstrata~~entry ~~Plc’s~~into ~~revised~~the ~~offer~~Combination ~~for~~Agreement, dated ~~Falconbridge~~as ~~Limited.~~of ~~Such~~June ~~press~~25, ~~release~~2006, ~~may~~between bePhelps ~~deemed~~Dodge toCorporation beand ~~soliciting~~Inco Limited. ~~material~~Phelps inDodge ~~connection with~~Corporation ~~the~~also ~~meeting~~filed ofa ~~Phelps~~Current ~~Dodge’s~~Report ~~shareholders~~on toForm 8-K, bedated ~~held~~July 16, in2006, reporting, ~~connection~~among ~~with~~other ~~the~~things, ~~combination~~a ofwaiver ~~Phelps~~and ~~Dodge~~amendment ~~Corporation~~to ~~with~~certain ~~Inco Limited~~terms ~~and~~of ~~Falconbridge~~the Combination ~~Limited~~Agreement.

In connection with the proposed combination, Phelps Dodge filed a preliminary proxy statement on Schedule 14A with the SEC. Investors are urged to read the definitive proxy statement (including all amendments and supplements to it) when it is filed because it contains important information. Investors may obtain free copies of the definitive proxy statement, as well as other filings containing information about Phelps Dodge, Inco and Falconbridge, without charge, at the SEC’s Web site (www.sec.gov). Copies of Phelps Dodge’s filings may also be obtained without charge from Phelps Dodge at its Web site (www.phelpsdodge.com) or by directing a request to Phelps Dodge, One North Central Avenue, Phoenix, Arizona 85004-4414, Attention: Assistant General Counsel and Corporate Secretary (602) 366-8100.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS


(d)		Exhibits:

9910.1 ~~Press~~Combination ~~release~~Agreement, dated as of June 25, 2006, between Phelps Dodge Corporation ~~dated~~and ~~July~~Inco ~~11, 2006~~Limited.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

PHELPS DODGE CORPORATION
(Registrant)
By:	/s/ S. David Colton
	Name:	S. David Colton
	Title:	Senior Vice President and
		General Counsel
Date: July 11, 2006
Date: July 17, 2006

EXHIBIT INDEX

Exhibit
Number		Exhibit
99.1		Press release of Phelps Dodge Corporation dated July 11, 2006.
10.1		Combination Agreement, dated as of June 25, 2006, between Phelps Dodge Corporation and Inco Limited.

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