Exhibt 24


POWER OF ATTORNEY


Know all by these presents, that the undersigned hereby constitutes and appoints
each of Kenneth R. Masterson, Andrew M. Paalborg, Robert T. Molinet, and
Peggy S. Gwyn, signing singly, the undersigned's true and lawful
attorney-in-fact to:

1. execute for and on behalf of the undersigned Forms 3, 4 and 5, in
accordance with Section 16(a) of the Securities Exchange Act of
1934 and the rules thereunder;
2. do and perform any and all acts for and on behalf of the
undersigned which may be necessary or desirable to complete
and execute any such Form 3, 4 or 5, complete and execute
any amendment or amendments thereto, and timely file such form
with the United States Securities and Exchange Commission and
any stock exchange or similar authority; and
3. take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of
benefit to, in the best interest of, or legally required by,
the undersigned, it being understood that the documents executed by
such attorney-in-fact on behalf of the undersigned pursuant to this
Power of Attorney shall be in such form and shall contain
such terms and conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorney-in-fact, or such
attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is FedEx Corporation
(the "Company") assuming, any of the undersigned's responsibilities
to comply with Section 16 of the  Securities Exchange Act of 1934.

This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file Forms 3, 4 and 5 with respect to
the undersigned's holdings of and transactions in securities issued by the
Company, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of
Attorney to be executed as of this 2 day of September, 2002.

/s/ Paul S. Walsh
Signature

 Paul S. Walsh
Printed Name



STATE OF ENGLAND	)
	)
COUNTY OF LONDON	)

Sworn and subscribed before me this 2 day of September, 2002

/s/ David Harlock				DAVID HARLOCK
Commissioner for Oaths



(SEAL)