Exhibit 23.1


                    Consent of Independent Public Accountants

As independent public accountants, we hereby consent to the incorporation by
reference in this Form S-4 Registration Statement of FedEx Corporation of our
reports dated June 27, 2000 included in FedEx Corporation's Form 10-K for the
year ended May 31, 2000, and to all references to our Firm included in this
Registration Statement.


                             /s/ Arthur Andersen LLP

Memphis, Tennessee
December 8, 2000