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Exhibit 16.1

         [Arthur Andersen LLP Letterhead]

Office of the Chief Accountant
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549

April 12, 2002

Dear Sir/Madam:

        We have read the first, second, third and fourth paragraphs of Item 4 included in the Form 8-K/A dated April 12, 2002 of FedEx Corporation and Federal Express Corporation to be filed with the Securities and Exchange Commission and are in agreement with the statements contained therein.

Very truly yours,

/s/ Arthur Andersen LLP
Arthur Andersen LLP

cc: Mr. Alan B. Graf, Jr., FedEx Corporation

E-2

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Exhibit 16.1