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Exhibit 23.2
Consent of Independent Auditors
We consent to the reference to our firm under the caption "Independent
Accountants" and "Selected Historical Financial Data of American Freightways"
included in the proxy statement of American Freightways Corporation that is made
a part of the Registration Statement (Form S-4) and Prospectus of FedEx
Corporation for the registration of shares of its common stock and to the
incorporation by reference therein of our reports dated January 20, 2000, with
respect to the consolidated financial statements of American Freightways
Corporation incorporated by reference in its Annual Report (Form 10-K) for the
year ended December 31, 1999, and the related financial statement schedule
included therein, filed with the Securities and Exchange Commission.
/s/ Ernst & Young LLP
Little Rock, Arkansas
December 13, 2000
