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ADVISORY/FedEx Express To Unveil Hybrid Delivery Vehicle

    --FedEx :




WHAT:   FedEx Express and Environmental Defense announce a major
        milestone in the quest to create the next generation of clean,
        fuel-efficient delivery vehicles. FedEx Express and
        Environmental Defense will unveil the new truck and discuss
        its benefits and integration of this innovative technology
        into the FedEx Express fleet.
                              
WHO:    Dave Bronczek, President, FedEx Express 
        U.S. Senator Orrin Hatch (R-Utah), 
        Chairman of the Senate Judiciary Committee
        Fred Krupp, President, Environmental Defense 
        Others To Be Announced
          
WHEN:   Tuesday, May 20, 2003
                              
        11:45 a.m. (ET) Washington, D.C. press conference, 
        vehicle demo and luncheon

        2:00 p.m.  (ET) Interactive teleconference with executives 
        (for media unable to attend the live press event/vehicle 
         demonstration)

        Teleconference Dial-In Information:
        1-800-475-2151 
          
        Participants will be asked to provide their names and 
        companies/outlets, and will have the opportunity to ask 
        questions following the discussion.

WHERE:  Press Event: 
        Ronald Reagan Building and International Trade Center 
        Pavilion & Plaza
        1300 Pennsylvania Avenue, NW
        Washington, D.C. 20004
                              
REGISTRATION:       

        Media are requested to register at www.fedexevents.com prior 
        to May 20, 2003.  

PRESS KIT & B-ROLL: 
      
        Electronic press kit and a b-roll feed -- including sound 
        bites from the executives and pre-taped footage of the 
        vehicle -- will be distributed via FedEx Express on May 20.  
        To obtain the electronic press kit and b-roll, visit 
        www.fedexevents.com

BACKGROUND:         
        
        Additional project information is available at 
        www.fedexevents.com 

         For additional information, contact Kristine Duckett,
               FedEx Public Relations, at 646-935-4159.