Mississippi

Chemical

Corporation

Subsidiaries

and Subsidiaries

not in

in Reorganization

Reorganization

Eliminations

Consolidated

(Dollars in thousands)

Total revenues

$ 320,477  

$       -       

$      -       

$ 320,477  

Cost of products sold

  276,933  

  (14,532) 

   14,523  

  276,924  

Selling, general and

   administrative

    16,606  

            9  

       -       

    16,615  

Other

      5,754   

        -         

       -        

      5,754   

  299,293   

   (14,523) 

   14,523   

  299,293   

        Operating income

    21,184  

   14,523  

 (14,523) 

    21,184  

Other expense

    (16,848 ) 

        -         

        -        

   (16,848 )

Income before reorganization

   expense and income taxes

      4,336  

   14,523  

 (14,523) 

      4,336  

Reorganization expense

    36,323   

       -         

        -        

    36,323   

(Loss) income before income

   taxes and discontinued

   operations

   (31,987) 

   14,523  

 (14,523) 

   (31,987) 

Income tax expense -

   continuing operations

    21,633   

       -         

         -        

    21,633   

(Loss) income from continuing

   operations

   (53,620) 

   14,523  

 (14,523) 

   (53,620) 

Loss from discontinued

   operations, net of tax

   (38,692)  

       -         

          -       

   (38,692)  

Net (loss) income

$  (92,312)  

$ 14,523   

$ (14,523)  

$  (92,312)