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DRAKE ASSET MANAGEMENT LLC
> FDX
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2009 | FEDEX CORP | FDX | 7,000 | 7,000 | 527,000 | 527,000 | $75.29 |
| 03/31/2009 | FEDEX CORP | FDX | 0 | -17,400 | 0 | -1,116,000 | |
| 12/31/2008 | FEDEX CORP | FDX | 17,400 | 17,400 | 1,116,000 | 1,116,000 | $64.14 |
| 09/30/2008 | FEDEX CORP | FDX | 12,400 | 0 | 980,000 | 3,000 | $79.03 |
| 06/30/2008 | FEDEX CORP | FDX | 12,400 | 0 | 977,000 | -172,000 | $78.79 |
| 03/31/2008 | FEDEX CORP | FDX | 12,400 | 0 | 1,149,000 | 43,000 | $92.66 |
| 12/31/2007 | FEDEX CORP | FDX | 12,400 | 0 | 1,106,000 | -193,000 | $89.19 |
| 09/30/2007 | FEDEX CORP | FDX | 12,400 | 0 | 1,299,000 | -77,000 | $104.76 |
| 06/30/2007 | FEDEX CORP | FDX | 12,400 | 0 | 1,376,000 | 44,000 | $110.97 |
| 03/31/2007 | FEDEX CORP | FDX | 12,400 | 12,400 | 1,332,000 | 1,332,000 | $107.42 |
| 12/31/2006 | FEDEX CORP | FDX | 12,400 | 0 | 1,347,000 | -1,000 | $108.63 |
| 09/30/2006 | FEDEX CORP | FDX | 12,400 | 0 | 1,348,000 | -101,000 | $108.71 |
| 06/30/2006 | FEDEX CORP | FDX | 12,400 | 0 | 1,449,000 | 49,000 | $116.85 |
| 03/31/2006 | FEDEX CORP | FDX | 12,400 | 0 | 1,400,000 | 118,000 | $112.90 |
| 12/31/2005 | FEDEX CORP | FDX | 12,400 | 0 | 1,282,000 | 202,000 | $103.39 |
| 09/30/2005 | FEDEX CORP | FDX | 12,400 | 0 | 1,080,000 | 75,000 | $87.10 |
| 06/30/2005 | FEDEX CORP | FDX | 12,400 | 0 | 1,005,000 | -160,000 | $81.05 |
| 03/31/2005 | FEDEX CORP | FDX | 12,400 | 0 | 1,165,000 | -56,000 | $93.95 |
| 12/31/2004 | FEDEX CORP | FDX | 12,400 | 12,400 | 1,221,000 | 1,221,000 | $98.47 |
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