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                                                                    EXHIBIT 99.4

                                                      FORM OF LETTER TO NOMINEES

                                FEDEX CORPORATION

                              OFFER TO EXCHANGE ITS
                        FLOATING RATE NEW NOTES DUE 2005,
                          2.65% NEW NOTES DUE 2007 AND
                            3.50% NEW NOTES DUE 2009

                       FOR ANY AND ALL OF ITS OUTSTANDING

                          FLOATING RATE NOTES DUE 2005,
                            2.65% NOTES DUE 2007 AND
                              3.50% NOTES DUE 2009

To Registered Holders and The Depository Trust Company Participants:

     Enclosed are the materials listed below relating to the offer by FedEx
Corporation, a Delaware corporation (the "Company"), to exchange its floating
rate notes due 2005, its 2.65% notes due 2007, and its 3.50% notes due 2009
(collectively, the "New Notes"), pursuant to an offering registered under the
Securities Act of 1933, as amended (the "Securities Act"), for a like principal
amount of its issued and outstanding floating rate notes due 2005, its issued
and outstanding 2.65% notes due 2007, and its issued and outstanding 3.50% notes
due 2009 (collectively, the "Old Notes"), respectively, upon the terms and
subject to the conditions set forth in the Company's Prospectus, dated
__________, 2004, and the related Letter of Transmittal (which together
constitute the "Exchange Offer").

     Enclosed herewith are copies of the following documents:

     1.   Prospectus dated __________, 2004;

     2.   Letter of Transmittal;

     3.   Notice of Guaranteed Delivery;

     4.   Instruction to Registered Holder and/or Book-Entry Transfer Facility
          Participant from Owner; and

     5.   Letter which may be sent to your clients for whose account you hold
          Old Notes in your name or in the name of your nominee, to accompany
          the instruction form referred to above, for obtaining such client's
          instruction with regard to the Exchange Offer.

     WE URGE YOU TO CONTACT YOUR CLIENTS PROMPTLY. PLEASE NOTE THAT THE EXCHANGE
OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON __________, 2004, UNLESS
EXTENDED.

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     The Exchange Offer is not conditioned upon any minimum number of Old Notes
being tendered.

     Pursuant to the Letter of Transmittal, each holder of Old Notes will
represent to the Company that (i) the holder is not an "affiliate" of the
Company, (ii) any New Notes to be received by it are being acquired in the
ordinary course of its business, and (iii) the holder is not participating and
does not intend to participate, and has no arrangement or understanding with any
person to participate, in a distribution (within the meaning of the Securities
Act) of such New Notes. If the tendering holder is a broker-dealer that will
receive New Notes for its own account in exchange for Old Notes, you will
represent on behalf of such broker-dealer that the Old Notes to be exchanged for
the New Notes were acquired by it as a result of market-making activities or
other trading activities, and acknowledge on behalf of such broker-dealer that
it will deliver a prospectus meeting the requirements of the Securities Act in
connection with any resale of such New Notes. By acknowledging that it will
deliver and by delivering a prospectus meeting the requirements of the
Securities Act in connection with any resale of such New Notes, such
broker-dealer is not deemed to admit that it is an "underwriter" within the
meaning of the Securities Act.

     The enclosed Instruction to Registered Holder and/or Book-Entry Transfer
Facility Participant from Owner contains an authorization by the beneficial
owners of the Old Notes for you to make the foregoing representations.

     The Company will not pay any fee or commission to any broker or dealer or
to any other persons (other than the Exchange Agent) in connection with the
solicitation of tenders of Old Notes pursuant to the Exchange Offer. The Company
will pay or cause to be paid any transfer taxes payable on the transfer of Old
Notes to it, except as otherwise provided in Instruction 8 of the enclosed
Letter of Transmittal.

     Additional copies of the enclosed material may be obtained from the
undersigned.

                                          Very truly yours,


                                          WACHOVIA BANK, NATIONAL ASSOCIATION


     NOTHING CONTAINED HEREIN OR IN THE ENCLOSED DOCUMENTS SHALL CONSTITUTE YOU
THE AGENT OF FEDEX CORPORATION OR WACHOVIA BANK, NATIONAL ASSOCIATION OR
AUTHORIZE YOU TO USE ANY DOCUMENT OR MAKE ANY STATEMENT ON THEIR BEHALF IN
CONNECTION WITH THE EXCHANGE OFFER OTHER THAN THE DOCUMENTS ENCLOSED HEREWITH
AND THE STATEMENTS CONTAINED THEREIN.

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