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Exhibit 23.5
CONSENT OF CREDIT SUISSE FIRST BOSTON CORPORATION
We hereby consent to the inclusion of our opinion letter, dated November
12, 2000, to the Board of Directors of American Freightways Corporation as Annex
C to the proxy statement/prospectus relating to the proposed merger of American
Freightways with and into FDX, Inc., a wholly owned subsidiary of FedEx
Corporation, and all references to CSFB in the sections captioned "SUMMARY -
American Freightways' Financial Advisor Says the Merger is Fair to
Shareholders," "THE MERGER - Background of the Merger," "THE MERGER - American
Freightways' Reasons for the Merger" and "THE MERGER - Opinion of Financial
Advisor to American Freightways" of the proxy statement/prospectus which forms a
part of this Registration Statement on Form S-4. In giving such consent, we do
not admit that we come within the category of persons whose consent is required
under, and we do not admit that we are "experts" for purposes of, the Securities
Act of 1933, as amended, and the rules and regulations promulgated thereunder.
CREDIT SUISSE FIRST BOSTON CORPORATION
By: /s/ L. Price Blackford
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L. Price Blackford
Managing Director
New York, New York
December 13, 2000
