Freeport-McMoran Oil Trust (FMOLS, formerly FMR) Message Board

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Gold/Mining/Energy : Freeport-McMoran Oil Trust (FMOLS, formerly FMR)

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To: Paul Lee who started this subject	10/17/2001 11:12:05 AM
From: Paul Lee	of 69

HOUSTON--(BUSINESS WIRE)--Oct. 17, 2001--Freeport-McMoRan Oil and Gas Royalty Trust (OTCBB:FMOLS) announced on Oct. 5, 2001, in accordance with a shareholder proposal approved at a Special Meeting of Unitholders held on Oct. 5, 2001, the Trustee sold the royalty interest held by the Trust to Texas Standard Oil Company, a Texas corporation, for $1,000 in cash. The Trustee expects to make a liquidating distribution of Trust assets, less amounts withheld by the Trustee for contingent liabilities of the Trust, to the Unitholders prior to year-end in accordance with the proposal approved at the meeting. CONTACT: Freeport-McMoRan Oil and Gas Royalty Trust, Houston The Chase Manhattan Bank, Trustee Mike Ulrich, 512/479-2562

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