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FEDERAL EXPRESS CORPORATION ANNOUNCES FINAL MARCH 1993 MONTHLY VOLUME

 MEMPHIS, April 13 /PRNewswire/ -- Federal Express Corporation (NYSE: FDX) announced today that average daily volume of express packages and documents for March 1993 increased approximately 12 percent compared to March 1992. Details are shown in the table below.
 FEDERAL EXPRESS CORPORATION
 March Fiscal Year-to-Date
 (10 months)
 1993 1992 1993 1992
 Total package
 volume (000) 40,700 34,667 360,569 306,165
 Operating
 weekdays 23 22 213 212
 Average daily pkg. volume:
 Priority
 overnight 837,174 795,182 802,986 748,807
 Standard
 overnight 418,044 365,500 389,779 317,717
 Economy two-day 393,043 306,864 386,577 270,005
 International
 priority (A) 121,304 108,227 113,470 107,646
 Total 1,769,565 1,575,773 1,692,812 1,444,175
 Percent change in daily
 package volume 12.3 -- 17.2 --
 AirFreight volume (millions of pounds):
 US domestic 10.4 9.3 90.3 83.9
 International 40.7 50.5 448.4 484.9
 Total 51.1 59.8 538.7 568.8
 NOTE: (A) 1992 international priority volumes include shipments from certain intra-European services which were discontinued on May 4, 1992. Discontinued intra-European average daily volume were 1,800 in March 1992, and had averaged 9,700 per day for the period June 1, 1991, through March 31, 1992.
 -0- 4/13/93
 /CONTACT: Brandon Davis of Federal Express, 901-395-3755/
 (FDX)


CO: Federal Express Corporation ST: Tennessee IN: TRN SU:

TM -- NY092 -- 5458 04/13/93 19:41 EDT
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Date:Apr 13, 1993
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