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<TITLE>Filed by Bowne Pure Compliance</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): January 9, 2009</B>

<P style="font-size: 24pt" align="center"><B>FEDEX CORPORATION<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-15829</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>62-1721435</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>942 South Shady Grove Road,
Memphis, Tennessee<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>38120</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(901) 818-7500</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>




<P style="font-size: 24pt" align="center"><B>FEDERAL EXPRESS CORPORATION<BR>
</B><FONT
style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>1-7806</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>71-0427007</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>3610 Hacks Cross Road, Memphis, Tennessee<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>38125</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(901) 369-3600</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><B>&nbsp;</B></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>





<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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style="margin-left: 0.25in; width: 7.2in; font-family: 'Times New Roman',Times,serif">

<P style="font-size: 10pt" align="left"><B>SECTION 1 &#8211;
REGISTRANT&#8217;S BUSINESS AND OPERATIONS</B>

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;1.01.</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><B>Entry into a Material Definitive Agreement.</B></TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">On January&nbsp;9, 2009, FedEx
Corporation&#8217;s wholly owned subsidiary Federal Express Corporation
(&#8220;FedEx Express&#8221;) and The Boeing Company entered into Supplemental
Agreement No.&nbsp;4 (and related side letters) (the &#8220;Supplemental
Agreement&#8221;) to the Boeing 777 Freighter (B777F) Purchase Agreement dated
as of November&nbsp;7, 2006 between Boeing and FedEx Express.

<P style="font-size: 10pt" align="left">In the original purchase agreement,
FedEx Express agreed to purchase 15 B777F aircraft and obtained an option to
purchase an additional 15 B777F aircraft. In the Supplemental Agreement, FedEx
Express exercised this option and obtained another option to purchase an
additional 15 B777F aircraft. Accordingly, FedEx Express has now agreed to
purchase a total of 30 B777F aircraft and holds an option to purchase an
additional 15 B777F aircraft.

<P style="font-size: 10pt" align="left">The Supplemental Agreement also
deferred the scheduled delivery of certain of the B777F aircraft. The
agreement, as supplemented, now provides for delivery of four B777Fs in
FedEx&#8217;s fiscal year 2010, four in fiscal 2011, three in each subsequent
fiscal year through fiscal 2018, and the remaining one in fiscal 2019.

<P style="font-size: 10pt" align="left">As a result of the exercise of the
option to purchase the additional 15 B777F aircraft and the rescheduled
delivery dates, the net change to FedEx&#8217;s expected capital expenditures
is an increase of approximately $15&nbsp;million in fiscal 2009 and of
approximately $2.75&nbsp;billion over the following 10 fiscal years.

<P style="font-size: 10pt" align="left">A copy of the Supplemental Agreement
will be filed as an exhibit to FedEx&#8217;s quarterly report on Form 10-Q for
the fiscal quarter ending February&nbsp;28, 2009.

<P style="font-size: 10pt" align="left"><B>SECTION 5 &#8211; CORPORATE GOVERNANCE AND MANAGEMENT</B>

<P>
<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%"
border="0">

 <TR
style="font-size: 10pt; background: none transparent scroll repeat 0% 0%; color: #000000"
valign="top">
  <TD nowrap align="left" width="3%"><B>Item&nbsp;5.02.</B></TD>
  <TD width="1%">&nbsp;</TD>
  <TD><B>Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.</B></TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">August A. Busch IV has resigned from
the Board of Directors of FedEx Corporation, effective January&nbsp;12, 2009.

<P style="font-size: 10pt" align="left">

<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrants have duly
caused this report to be signed on their behalf by the undersigned hereunto
duly authorized.

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<TABLE style="font-size: 10pt" cellspacing="0" cellpadding="0" width="100%" border="0">
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  <TD width="48%">&nbsp;</TD>
  <TD width="4%">&nbsp;</TD>
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 <TR valign="bottom">
  <TD align="left">&nbsp;</TD>
  <TD colspan="2" align="left"><B>FedEx Corporation</B></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD align="left">Date: January&nbsp;12, 2009</TD>
  <TD align="left">By:&nbsp;</TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">/s/ JOHN L. MERINO</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">John L. Merino<BR>
Corporate Vice President and<BR>
Principal Accounting Officer</TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD align="left">&nbsp;</TD>
  <TD colspan="2" align="left"><B>Federal Express Corporation</B></TD>
 </TR>

<TR><TD>&nbsp;</TD></TR>

 <TR valign="bottom">
  <TD align="left">Date: January&nbsp;12, 2009</TD>
  <TD>By: &nbsp;</TD>
  <TD valign="top" align="left" style="border-bottom: #000000 1px solid">/s/ J. RICK BATEMAN</TD>
 </TR>

 <TR valign="bottom">
  <TD valign="top">&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD valign="top" align="left">J. Rick Bateman<BR>
Vice President and Worldwide Controller</TD>
 </TR>

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<P style="font-size: 10pt" align="center">&nbsp;

<P style="font-size: 10pt" align="center">3
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</HTML>
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Filed by Bowne Pure Compliance
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest
event reported): January 9, 2009
FEDEX CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-15829
62-1721435
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
942 South Shady Grove Road,
Memphis, Tennessee
38120
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(901) 818-7500
(Former name or former address if changed since last report.)
FEDERAL EXPRESS CORPORATION
(Exact name of registrant as specified in its charter)
Delaware
1-7806
71-0427007
(State or other Jurisdiction of Incorporation)
(Commission File Number)
(IRS Employer Identification No.)
3610 Hacks Cross Road, Memphis, Tennessee
38125
(Address of Principal Executive Offices)
(Zip Code)
Registrant's telephone number,
including area code:
(901) 369-3600
(Former name or former address if changed since last report.)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
o
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o
Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
SECTION 1 –
REGISTRANT'S BUSINESS AND OPERATIONS
Item 1.01.
Entry into a Material Definitive Agreement.
On January 9, 2009, FedEx
Corporation's wholly owned subsidiary Federal Express Corporation
("FedEx Express") and The Boeing Company entered into Supplemental
Agreement No. 4 (and related side letters) (the "Supplemental
Agreement") to the Boeing 777 Freighter (B777F) Purchase Agreement dated
as of November 7, 2006 between Boeing and FedEx Express.
In the original purchase agreement,
FedEx Express agreed to purchase 15 B777F aircraft and obtained an option to
purchase an additional 15 B777F aircraft. In the Supplemental Agreement, FedEx
Express exercised this option and obtained another option to purchase an
additional 15 B777F aircraft. Accordingly, FedEx Express has now agreed to
purchase a total of 30 B777F aircraft and holds an option to purchase an
additional 15 B777F aircraft.
The Supplemental Agreement also
deferred the scheduled delivery of certain of the B777F aircraft. The
agreement, as supplemented, now provides for delivery of four B777Fs in
FedEx's fiscal year 2010, four in fiscal 2011, three in each subsequent
fiscal year through fiscal 2018, and the remaining one in fiscal 2019.
As a result of the exercise of the
option to purchase the additional 15 B777F aircraft and the rescheduled
delivery dates, the net change to FedEx's expected capital expenditures
is an increase of approximately $15 million in fiscal 2009 and of
approximately $2.75 billion over the following 10 fiscal years.
A copy of the Supplemental Agreement
will be filed as an exhibit to FedEx's quarterly report on Form 10-Q for
the fiscal quarter ending February 28, 2009.
SECTION 5 – CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02.
Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
August A. Busch IV has resigned from
the Board of Directors of FedEx Corporation, effective January 12, 2009.
2
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrants have duly
caused this report to be signed on their behalf by the undersigned hereunto
duly authorized.
FedEx Corporation
Date: January 12, 2009
By:
/s/ JOHN L. MERINO
John L. Merino
Corporate Vice President and
Principal Accounting Officer
Federal Express Corporation
Date: January 12, 2009
By:
/s/ J. RICK BATEMAN
J. Rick Bateman
Vice President and Worldwide Controller
3