EXHIBIT 23(E)
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation by reference in this Form S-3 registration statement filed with
the Securities and Exchange Commission, of our reports dated June 29, 1999,
included in Federal Express Corporation's Form 10-K for the year ended May 31,
1999, and to all references to our firm included in this registration
statement.
/s/ Arthur Andersen LLP
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ARTHUR ANDERSEN LLP
Memphis, Tennessee
June 5, 2000.
