UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
FORM 3
OMB APROVAL
OMB NUMBER: 3235-0104
Expires: September 30, 1998
Estimated average burden
hours per response........0.5
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(f) of the Investment Company Act of 1940
(Print or Type Responses)
1. Name and Address of Reporting Person*
FedEx Corporation
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(Last) (First) (Middle)
942 South Shady Grove Road
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(Street)
Memphis Tennessee 38120
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(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/12/2000
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3. IRS or Social Security Number of Reporting Person (Voluntary)
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4. Issuer Name and Ticker or Trading Symbol
American Freightways Corporation (AFWY)
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5. Relationship of Reporting Person to Issuer (Check all applicable)
Director X 10% Owner
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Officer (give title below) Other (specify below)
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6. If Amendment, Date of Original (Month/Day/Year)
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7. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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Form filed by More than One Reporting Person
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Table I Non-Derivative Securities Beneficially Owned
<TABLE>
<CAPTION>
1. Title of Security 2. Amount of Securities 3. Ownership 4. Nature of Indirect
(Instr. 4) Beneficially Owned Form: Direct Beneficial Ownership
(Instr. 4) (D) or Indirect (Instr. 5)
(I)(Instr. 5)
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<S> <C> <C> <C>
Common Stock 5 shares* D* *
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instruction SEC 1473 (7-96)
5(b)(v).
</TABLE>
<PAGE>
Table II Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<TABLE>
<CAPTION>
1. Title of Derivative 2. Date Exercisable 3. Title and Amount of 4. Conver- 5. Owner- 6. Nature
Security (Instr. 4) and Expiration Securities Underlying sion or ship of In-
Date (Month/Day/ Year) Derivative Securities Exercise Form of direct
------------------------- (Instr. 4) Price of Deriv- Bene-
Date Expira- ------------------------- Derivative ative ficial
Exer- tion Title Amount Security Security: Owner-
cisable Date or Direct ship
Number (D) or (Instr.
of Indirect 5)
Shares (I)
(Instr.
5)
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<S> <C> <C> <C> <C> <C> <C> <C>
None.
Explanation of Responses:
* FedEx Corporation has also entered into an Irrevocable Proxy and Voting
Agreement, dated as of November 12, 2000, with F.S. Garrison, T. Garrison,
W. Garrison and certain other members of the Garrison Family (the
"Garrison Family") pursuant to which the Garrison Family has agreed to
vote its shares of common stock of American Freightways Corporation (the
"Issuer") in favor of the proposed merger between the Issuer and a
subsidiary of FedEx Corporation. In addition, the Garrison Family has
agreed not to sell any of its shares of Issuer common stock except,
subject to certain limitations and under certain conditions, in the tender
offer by FedEx Corporation for up to 50.1% of the outstanding common stock
of the Issuer. The number of shares of common stock of the Issuer subject
to the Voting Agreement is 12,179,540.
FEDEX CORPORATION
/s/ Kenneth R. Masterson
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Signature of Reporting Person
Name: Kenneth R. Masterson
Title: Executive Vice President,
General Counsel and Secretary
November 27, 2000
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Date
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**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays Page 2
a currently valid OMB Number. SEC 1473 (7-96)
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