0000950134-99-002276 ARS 1 19981231 19990331 CHEMFIRST INC 0001026601 2870 640679456 MS 1231 ARS 34 333-35221 99579549 P O BOX 1249 JACKSON MS 39215 6019480218 P O BOX 1249 JACKSON MS 39215-1249 ARS 1 000095013499002276-001-seq1-ars.txt ANNUAL REPORT TO SECURITY HOLDERS - 12/31/98