EXHIBIT 23.1


                     CONSENT OF J.P. MORGAN SECURITIES INC.


         We hereby consent to the inclusion in the Registration Statement on
Form S-4 of United Parcel Service, Inc. ("UPS") relating to the proposed merger
of First International Bancorp, Inc. with a wholly-owned subsidiary of UPS of
our opinion letter, dated January 15, 2001, appearing as Appendix D to the
Proxy Statement and Prospectus which is a part of the Registration Statement,
and to the references of our firm name therein. In giving such consent, we do
not hereby admit that we come within the category of person whose consent is
required under Section 7 or Section 11 of the Securities Act of 1933, as
amended, or the rules and regulations adopted by the Securities and Exchange
Commission thereunder, nor do we admit that we are experts with respect to any
part of such Registration Statement within the meaning of the term "experts" as
used in the Securities Act of 1933, as amended, or the rules and regulations of
the Securities and Exchange Commission thereunder.


Very truly yours,



By /s/ J.P. Morgan Securities, Inc.

New York, New York
April 26, 2001