FedEx 401K Unofficial Information Page

2006 Activity

Name
Fund
#		 Wellington
21		 Windsor
22		 500 Index
40		 Int'l Value
46		 PRIMECAP
59		 Extended Mkt Index
98		 Total Int'l Stock Index
113		 Total Bond Market Index
222		 Comments
12/31 $30.35 $17.15 $114.92 $34.82 $65.31 $34.26 $14.27 $10.06 Interest
1/3 $30.69 $17.45 $116.82 $35.83 $66.53 $34.76 $14.68 $10.07 12/31 Contributions
1/17 $30.96 $17.57 $118.19 $36.24 $67.72 $35.64 $14.78 $10.10 1/15 Contributions
1/27 $31.18 $17.71 $118.29 $37.54 $68.62 $36.36 $15.23 $10.02 Pilot Sick Bank
1/31 $31.13 $17.66 $117.96 $37.60 $68.56 $36.56 $15.25 $10.01 Interest
2/6 $30.91 $17.49 $116.63 $36.73 $67.79 $36.12 $15.07 $10.01 1/31 Contributions
2/21 $31.17 $17.72 $118.41 $37.12 $68.25 $36.11 $15.00 $10.00 2/15 Contributions
2/28 $31.18 $17.81 $119.06 $37.46 $68.81 $36.50 $15.20 $10.00 Interest
3/6 $30.96 $17.73 $118.08 $37.32 $68.88 $36.30 $15.13 $9.92 2/28 Contributions
3/17 $120.35 $36.84 Distributions
3/20 $31.49 $18.07 $120.15 $38.61 $70.01 $36.79 $15.62 $9.97 3/15 Contributions
3/24 $31.29 Distributions
3/31 $31.05 $17.97 $119.24 $38.68 $69.78 $37.59 $15.62 $9.87 Interest
4/3 $31.16 $18.04 $119.52 $39.07 $70.18 $37.40 $15.79 $9.86 3/31 Contributions
4/6 $31.33 $18.17 $120.50 $39.60 $71.07 $37.71 $16.05 $9.86 B Plan*
4/18 $31.53 $18.25 $120.50 $39.81 $71.24 $37.79 $16.09 $9.83 4/13 Contributions
4/28 $31.65 $18.52 $120.83 $40.51 $71.02 $37.72 $16.42 $9.81 Interest
5/1 $31.58 $18.45 $120.33 $40.73 $70.84 $37.61 $16.51 $9.78 4/28 Contributions
5/4 $31.77 $18.71 $121.01 $41.33 $71.20 $30.04 $16.75 $9.77 B Plan*
5/22 $31.03 $17.88 $116.51 $38.07 $67.21 $35.57 $15.47 $9.80 5/15 Contributions
5/31 $31.22 $17.93 $117.33 $38.77 $67.79 $35.98 $15.69 $9.76 Interest
6/5 $31.18 $17.85 $116.90 $38.77 $67.24 $35.83 $15.67 $9.81 5/31 Contributions
6/6 $31.10 $17.80 $116.77 $38.05 $67.01 $35.58 $15.38 $9.81 B Plan*
6/19 $30.58 $17.39 $114.65 $36.41 $65.52 $34.28 $14.73 $9.73 6/15 Contributions
6/22 $30.44 $17.33 $114.60 Distributions
6/30 $31.01 $17.68 $116.99 $38.69 $67.79 $36.11 $15.63 $9.73 Interest
7/3 $31.17 $17.82 $117.93 $39.04 $68.30 $36.37 $15.80 $9.73 6/30 Contributions
7/7 $31.03 $17.66 $116.61 $38.61 $67.05 $35.56 $15.60 $9.74 B Plan*
7/17 $30.58 $17.00 $113.77 $36.65 $64.67 $34.03 $14.8 $9.76 7/13 Contributions
7/31 $31.52 $17.58 $117.70 $39.22 $66.84 $35.02 $15.81 $9.82 Interest
8/4 $31.61 $17.46 $118.00 $39.61 $66.57 $35.06 $15.93 $9.87 7/15 Contributions
B Plan
8/21 $31.93 $17.70 $119.81 $40.09 $67.82 $35.16 $16.21 $9.90 8/15 Contributions
8/31 $32.13 $17.95 $120.48 $40.07 $68.24 $35.66 $16.21 $9.94 Interest
9/5 $32.24 $18.05 $121.36 $40.59 $68.82 $36.01 $16.41 $9.92 8/31 Contributions
9/7 $31.93 $17.77 $119.60 $39.48 $67.43 $35.16 $15.97 $9.92 B Plan
9/18 $32.16 $18.20 $122.16 $39.83 $69.53 $35.95 $16.09 $9.90 9/15 Contributions
9/21 $31.98 $121.08 Distributions
9/29 $32.34 $18.42 $123.04 $40.30 $70.30 $36.00 $16.25 $9.98 Interest
10/2 $32.30 $18.37 $122.62 $40.50 $69.93 $35.75 $16.31 $9.99 9/29 Contributions
10/5 $32.58 $18.73 $124.71 $40.95 $71.20 $36.71 $16.50 $10.00 B Plan
10/16 $32.81 $19.00 $126.18 $41.38 $72.41 $37.50 $16.67 $9.92 10/13 Contributions
10/31 $33.18 $19.27 $127.04 $41.70 $72.03 $37.75 $16.90 $10.01 Interest
11/6 $33.26 $19.41 $127.27 $42.20 $72.59 $37.73 $17.12 $9.97 10/31 Contributions
11/20 $33.50 $19.86 $129.32 $41.98 $73.72 $38.95 $17.04 $10.02 11/15 Contributions
11/30 $33.76 $19.85 $129.43 $43.08 $73.84 $39.14 $17.53 $10.08 Interest
12/5 $34.06 $19.98 $130.22 $43.40 $74.06 $39.57 $17.64 $10.10 11/30 Contributions
12/6 $34.00 $20.07 $130.61 $43.60 $74.26 $39.65 $17.73 $10.08 B Plan
12/18 $34.13 $20.30 $131.54 $43.88 $73.99 $39.06 $17.85 $10.03 12/15 Contributions
12/19 $18.69 $39.98 $69.47 Distributions
12/21 $38.54 Distributions
12/26 $32.42 $130.43 Distributions
12/28 $17.71 Distributions
12/31 $32.43 $18.64 $130.59 $40.34 $68.95 $38.68 $17.67 $9.99 Interest

*Late Payment transfer by FedEx to Vanguard B Plan

Why are the payments late? FedEx has not responded to my inquiries as to why the Pilot Contributions are late. I asked the ALPA union representative to try, and he said: "I don't have an answer as to why the Company has recently changed the date for deposits. Probably because they can..." So I don't know if the contributions will continue to be late or not. For 5 years, they were the same. Now they are later. FedEx gets the float.

Distributions

Interest Payments (month end distributions)

Admiral
MM 		Total Bond
Market Index
12/31 .00325 $.04018
1/31 .00331 $.04032
2/28 .00313 $.03847
3/31 .00362 $.04188
4/30 .00363 $.04057
5/31 .00386 $.04181
6/30 .00382 $.04119
7/31 .00404 $.04214
8/31 .00413 $.04237
9/30 .00406 $.04171
10/31 .00420 $.04272
11/30 .00407 $.04203
12/31 .00421 $.04311

2007 Performance Results

401k Fund Returns
Name
Fund #		 Admiral Trsy MM
11		 Wellington
21		 Windsor
22		 500 Index
40		 Int'l Value
46		 PRIMECAP
59		 Extended Mkt Index
98		 Total Int'l
Stock Index
113		 Total Bond
Market Index
222
12/31 0.33% 0.84% 1.64% 0.03% 5.71% 1.81% -0.63% 5.16% 1.00%
1/31 0.33% 2.57% 2.97% 2.65% 7.98% 4.98% 6.13% 6.87% -0.10%
2/28 0.31% 0.16% 0.85% 0.93% -0.37% 0.36% 0.39% -0.33% 0.28%
3/31 0.36% 0.26% 0.90% 0.56% 3.26% 1.41% 3.06% 2.76% -0.89%
4/30 0.36% 1.93% 3.06% 1.33% 4.73% 1.78% 0.35% 5.12% -0.20%
5/31 0.39% -1.36% -3.19% -2.90% -4.30% -4.55% -4.61% -4.45% -0.08%
6/30 0.38% 0.13% -0.67% 0.12% -0.21% 0.00% 0.36% -0.38% 0.11%
7/31 0.40% 1.64% -0.57% 0.61% 1.37% -1.40% -3.02% 1.15% 1.36%
8/31 0.41% 1.94% 2.10% 2.06% 2.17% 2.09% 1.83% 2.53% 1.65%
9/30 0.41% 1.40% 2.62% 2.56% 0.57% 3.02% 0.95% 0.25% 0.82%
10/31 0.42% 2.60% 4.61% 3.25% 3.47% 2.46% 4.86% 4.00% 0.73%
11/30 0.41% 1.75% 3.01% 1.88% 3.31% 2.51% 3.68% 3.73% 1.12%
12/31 0.42% 1.04% 2.37% 1.40% 2.86% -0.61% -1.18% 3.09% -0.47%
YTD 11/30 4.19% 13.54% 16.50% 13.92% 23.72% 13.06% 14.32% 22.85% 4.72%
YTD 12/31 4.61% 14.70% 19.24% 15.50% 27.27% 12.37% 14.26% 26.64% 4.25%
 
5 year 2.29% 8.94% 8.64% 6.07% 17.21% 8.42% 11.95% 16.08% 4.74%
10 year 3.67% 9.79% 9.79% 8.34% 9.35% 12.65% 9.70% 7.78% 6.08%

*Admiral Money Market current annualized percentage return is 4.94%.

Vanguard Mutual Funds as of 12/31/2006
(table created using data available from Vanguard's web site) Average Annual Total Returns as of 12/31/06
Fund Symbol Price Yield Note YTD 12/31 1 Year 5 Year 10 Year
500 INDEX FUND INVESTOR VFINX $130.59 1.64% B 15.64% 15.64% 6.07% 8.34%
ADMIRAL TREASURY MONEY MARKET FUND VUSXX $1.00 4.94% C 4.68% 4.71% 2.29% 3.67%
EXTENDED MARKET INDEX FUND INVESTOR VEXMX $38.68 1.02% B 14.27% 14.27% 11.95% 9.70%
INTERNATIONAL VALUE FUND VFINX $40.34 N/A 27.37% 27.37% 17.21% 9.35%
PRIMECAP FUND VPMCX $68.95 0.65% B 12.32% 12.32% 8.42% 12.65%
TOTAL BOND MARKET INDEX FUND INSTITUTIONAL VBTIX $9.99 5.09% A 4.37% 4.40% 4.74% 6.08%
TOTAL INTERNATIONAL STOCK INDEX FUND VGTSX $17.67 N/A 26.64% 26.64% 16.08% 7.78%
WELLINGTON FUND INVESTOR VWELX $32.43 2.90% B 14.93% 14.93% 8.94% 9.79%
WINDSOR FUND VWNDX $18.64 1.32% B 19.35% 19.35% 8.64% 9.79%
POTENTIAL VANGUARD FUNDS TO BE ADDED BY FEDEX
INFLATION-PROTECT SEC VIPSX $11.78 2.26% 0.43% 0.43% 7.04% -
LIFE-STRATEGY CONSERV GRWTH VSCGX $16.59 3.11% B 10.62% 10.62% 6.61% 7.55%
LIFE-STRATEGY MOD GROWTH VSMGX $20.36 2.57% B 13.31% 13.31% 7.76% 8.19%
SMALL-CAP INDEX FUND NAESX $32.62 1.11% B 15.64% 15.64% 11.63% 10.02%

Footnote Explanation
A Thirty day advertised yield net of expenses calculated daily
B Thirty day advertised yield net of expenses calculated monthly at month-end
C Seven day average income yield net of expenses
D Estimated yield based on individual class of shares
E Return is for the Total Bond Market Index Fund (non-institutional shares)