Exhibit 23.1


                    Consent of Independent Public Accountants

As independent public accountants, we hereby consent to the incorporation by
reference in this Amendment No. 1 to 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
January 3, 2001