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February 20, 2001

FedEx Sponsors Airlift of Medical Supplies to Vietnam

HONG KONG, February 20, 2001 - Federal Express Corp. (FedEx), the world's largest express transportation company, and Heart to Heart International, an US-based medical relief organisation, have a special gift for thousands of people in Vietnam this year. Supporting the "Physicians with Heart" project, approximately 25 tons of pharmaceuticals and relief supplies will be delivered from FedEx's Asia Pacific hub in Subic Bay to recipient hospitals in Hanoi and Ho Chi Minh City from February 20th to 26th.

"We are proud to be able to work on this "Physicians with Heart" project with an organisation whose work has made a significant impact on many people in Southeast Asia", said David L. Cunningham Jr., President for FedEx in Asia Pacific. "This humanitarian effort is part of our commitment to Asia and, in this case, to the Vietnamese people and the community we serve. There are many employees who have contributed generously to this mission, and we hope that our combined efforts will help make a difference in the lives of the Vietnam people."

In fact, local FedEx staff across Asia are showing their support by donating much-needed educational supplies and computers to the FedEx Junior High School in Chu Lai - Quang Nam. The school was constructed by FedEx and opened in January 2000. There are now 625 children aged six to nine years attending the school.

FedEx has a proud history in servicing Vietnam. The company was the first to land a plane on Vietnamese soil after the end of the Vietnam war, and made history in 1995 when it donated a wide-body MD-11 aircraft for "Heart-to-Heart's" first airlift to Vietnam. A week ago, the company became the first US carrier to begin services connecting Ho Chi Minh City to its Asia Pacific Hub in Subic Bay, the Philippines, through an arrangement with Vietnam Air Services Company (VASCO) and Corporate Air.

FedEx has also worked with "Heart-to-Heart" on numerous occasions, providing transportation for projects in India, China, Honduras and many other world areas in need of such assistance.

FedEx Express, a $15 billion subsidiary of FedEx Corp., connects areas that generate 90% of the world's gross domestic product in 24-48 hours with door-to-door, customs-cleared service and a money-back guarantee*. The company's unmatched air route authorities and infrastructure make it the world's largest express transportation company, providing fast, reliable and time-definite transportation of more than 3.3 million items to 210 countries each working day. FedEx employs approximately 149,000 employees and has more than 46,000 drop-off locations, 663 aircraft and 49,000 vehicles in its integrated global network.

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