PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
Pricing Supplement No. 35 Trade Date: 5/21/01
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 5/24/01
Supplement dated January 29, 2001)
The date of this Pricing Supplement is May 22, 2001
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UBL7 $11,164,000.00 5.5% 11/15/06 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
------------ ----------------- ---------- --------------------------------
11/15/01 Yes Yes 100% 05/15/02
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$11,030,032.00 $133,968.00 $1.50 ABN AMRO, Inc.