Business

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

 | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

 | For the fiscal year ended May 31, 2005. |

 | OR |

 | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

  | For the transition period from                  to                  . |

  | Commission file number 1-15829 |

FEDEX CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Delaware | 62-1721435 |

(State or Other Jurisdiction of | (I.R.S. Employer |

Incorporation or Organization) | 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

Securities registered pursuant to Section 12(b) of the Act:

| Title of each class |   |   |   | Name of each exchange on which registered |   |

Common Stock, par value $.10 per share |   | New York Stock Exchange |

Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes   No 

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of Registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. 

Indicate by check mark whether the Registrant is an accelerated filer (as defined in Rule 12b-2 of the Act.)  Yes   No ...