PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
UNITED PARCEL SERVICE, INC.
UPS NOTES
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Pricing Supplement No. 1 Trade Date: 1/31/01
(To Prospectus dated March 22, 2000 and Prospectus
Supplement dated January 29, 2001) Issue Date: 2/8/01
The date of this Pricing Supplement is February 2, 2001
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UAA2 $16,989,000.00 6.00% 8/15/06 100%
Interest Payment
Frequency Dates and terms of redemption
(begin date) Survivor's Option Subject to Redemption (including the redemption price)
---------------- ----------------- --------------------- ------------------------------
8/15/01 yes yes 100% 2/15/02
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ------------- ----------- ------ -----------
$16,895,560.00 $93,440.00 $1.00 ABN AMRO Inc.