Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  May Kenneth A
 2. Date of Event Requiring Statement (Month/Day/Year)
02/01/2006		 3. Issuer Name and Ticker or Trading Symbol
FEDEX CORP [FDX]
(Last)
(First)
(Middle)
13155 NOEL ROAD, SUITE 1600, THREE GALLERIA TOWER		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President/CEO/FedEx Kinko's
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

DALLAS, TX 75240		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 14,616
D
 
Common Stock 174
I
retirement plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy)   (1) 07/09/2007 Common Stock 1,110 $ 29.5313 D  
Incentive Stock Option (right to buy)   (1) 06/01/2008 Common Stock 696 $ 31.9844 D  
Incentive Stock Option (right to buy)   (1) 06/01/2010 Common Stock 2,500 $ 36 D  
Incentive Stock Option (right to buy)   (1) 06/01/2011 Common Stock 2,715 $ 40.49 D  
Incentive Stock Option (right to buy)   (1) 06/03/2012 Common Stock 1,859 $ 53.765 D  
Incentive Stock Option (right to buy)   (1) 06/01/2009 Common Stock 58 $ 55.9375 D  
Incentive Stock Option (right to buy)   (1) 06/02/2013 Common Stock 1,549 $ 64.53 D  
Incentive Stock Option (right to buy)   (1) 06/01/2014 Common Stock 1,372 $ 72.845 D  
Incentive Stock Option (right to buy)   (2) 06/01/2015 Common Stock 1,114 $ 89.7 D  
Incentive Stock Option (right to buy)   (3) 12/05/2015 Common Stock 2,068 $ 96.65 D  
Non-Qualified Stock Option (right to buy)   (1) 06/01/2010 Common Stock 2,500 $ 36 D  
Non-Qualified Stock Option (right to buy)   (1) 06/01/2011 Common Stock 9,785 $ 40.49 D  
Non-Qualified Stock Option (right to buy)   (1) 06/03/2012 Common Stock 8,141 $ 53.765 D  
Non-Qualified Stock Option (right to buy)   (1) 06/01/2009 Common Stock 9,942 $ 55.9375 D  
Non-Qualified Stock Option (right to buy)   (1) 07/14/2013 Common Stock 1,500 $ 64.475 D  
Non-Qualified Stock Option (right to buy)   (1) 06/02/2013 Common Stock 8,451 $ 64.53 D  
Non-Qualified Stock Option (right to buy)   (1) 06/01/2014 Common Stock 7,128 $ 72.845 D  
Non-Qualified Stock Option (right to buy)   (1) 07/12/2014 Common Stock 1,500 $ 79.74 D  
Non-Qualified Stock Option (right to buy)   (2) 06/01/2015 Common Stock 13,286 $ 89.7 D  
Non-Qualified Stock Option (right to buy)   (3) 12/05/2015 Common Stock 5,432 $ 96.65 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
May Kenneth A
13155 NOEL ROAD, SUITE 1600
THREE GALLERIA TOWER
DALLAS, TX 75240		       President/CEO/FedEx Kinko's  

Signatures

Kenneth A. May 02/01/2006
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(3) These options first become exercisable three years from date of grant.
(2) These options first become exercisable one year from date of grant.
(1) These options first became exercisable one year from date of grant.

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