History                             Founded June 1971 as Federal Express Corporation.

               Headquarters                    Worldwide: Memphis, Tenn.
                                                      Asia Pacific:Hong Kong, China
                                                      Canada:Toronto, Ontario
                                                      Europe/Middle East/Africa:Brussels, Belgium
                                                      Latin America-Caribbean:Miami, Fla.

               Principal Officer                David J. Bronczek, President and CEO

               FY04 Revenue                   $17.5 billion (includes FedEx Trade Networks)

               Workforce                         More than 137,000 employees worldwide

               Average Daily Volume        Approximately 3.1 million packages daily

               Service Area                      215 countries , including every address in the United States

               Air Operations                   378 airports served worldwide

               Air Fleet                           649 aircraft, including:

                                                        44 Airbus A300-600s,    17 Boeing DC10-30s,   52 Airbus A310-200/300s
                                                        27 Boeing MD10-10s,    2 ATR 72s,                 5 Boeing MD10-30s
                                                        25 ATR 42s,                42 Boeing MD11s,       19 Boeing 727-100s,
                                                        10 Cessna 208As,        94 Boeing 727-200s,    246 Cessna 208Bs,
                                                        39 Boeing DC10-10s,    27 Fokker F-27s

              Delivery Fleet                     Approximately 42,000 motorized vehicles

              Operating Facilities             882 stations (677 in the U.S.; 205 outside of U.S.) and 10 air express
                                                       hubs

                                                        Asia Pacific:                          Subic Bay, Philippines           
                                                        Canada:                                 Toronto, Ontario  
                                                        Europe/Middle East/Africa:      Paris, France    
                                                        Latin America-Caribbean:         Miami, Fla.  
                                                        United States:                        Anchorage, Alaska
                                                                                                    Fort Worth, Texas
                                                                                                    Indianapolis, Ind. 
                                                                                                    Memphis, Tenn. (Super Hub)
                                                                                                    Newark, N.J.
                                                                                                    Oakland, Calif.

               Dropoff Locations             1,112 FedEx World Service Centers
                                                     1,083 FedEx Kinko's Office and Print Centers
                                                     6,248 FedEx Authorized ShipCenters ^®
                                                     41,486 FedEx Drop Boxes (including 4,980 U.S. Postal Service locations)

               Recent Awards                 Business Environmental Resource Center and Sacramento County: 
                                                     Pollution Prevention Business Award (2004)