EXHIBIT 23.2

                          INFORMATION REGARDING CONSENT
                             OF ARTHUR ANDERSEN LLP




              INFORMATION REGARDING CONSENT OF ARTHUR ANDERSEN LLP

     Section 11(a) of the Securities Act of 1933, as amended (the "Securities
Act"), provides that if part of a registration statement at the time it becomes
effective contains an untrue statement of a material fact, or omits a material
fact required to be stated therein or necessary to make the statements therein
not misleading, any person acquiring a security pursuant to such registration
statement (unless it is proved that at the time of such acquisition such person
knew of such untruth or omission) may assert a claim against, among others, an
accountant who has consented to be named as having certified any part of the
registration statement or as having prepared any report for use in connection
with the registration statement.

     FedEx Corporation ("FedEx") dismissed Arthur Andersen LLP ("Andersen") as
its independent auditors, effective April 12, 2002. For additional information,
see FedEx's Current Report on Form 8-K dated March 11, 2002 (as amended by the
Form 8-K/A filed on April 12, 2002). After reasonable efforts, FedEx has been
unable to obtain Andersen's written consent to the incorporation by reference
into FedEx's registration statements (Form S-8 Nos. 2-95720, 33-20138, 33-38041,
33-55055, 333-03443, 333-45037, 333-71065, 333-34934, 333-55266 and Form S-3 No.
333-86342) and the related prospectuses (the "Registration Statements") of
Andersen's audit report with respect to FedEx's consolidated financial
statements as of May 31, 2001 and for the two years in the period then ended.
Under these circumstances, Rule 437a under the Securities Act permits FedEx to
file this Annual Report on Form 10-K, which is incorporated by reference into
the Registration Statements, without a written consent from Andersen. As a
result, with respect to transactions in FedEx securities pursuant to the
Registration Statements that occur subsequent to the date this Annual Report on
Form 10-K is filed with the Securities and Exchange Commission, Andersen will
not have any liability under Section 11(a) of the Securities Act for any untrue
statements of a material fact contained in the financial statements audited by
Andersen or any omissions of a material fact required to be stated therein.
Accordingly, you would be unable to assert a claim against Andersen under
Section 11(a) of the Securities Act.