PRICING SUPPLEMENT

                                                   Registration No. 333-08369-01
                                                Filed Pursuant to Rule 424(b)(2)

                           United Parcel Service, Inc.

                                    UPS Notes

- --------------------------------------------------------------------------------

Pricing Supplement No. 43                                 Trade Date: 06/18/01
(To Prospectus dated March 22, 2000 and Prospectus        Issue Date: 06/21/01
Supplement dated January 29, 2001)

The date of this Pricing Supplement is June 20, 2001



<TABLE>
<CAPTION>
      <S>                  <C>                       <C>                     <C>                   <C>
         CUSIP
           or
      Common Code           Principal Amount         Interest Rate           Maturity Date         Price to Public
      -----------           ----------------         -------------           -------------         ---------------
       91131UBU7              $5,448,000.00              5.75%                 12/15/08                 100%
</TABLE>

<TABLE>
<CAPTION>
    <S>                     <C>                       <C>                  <C>
    Interest Payment                                  Subject to           Dates and terms of redemption
       Frequency            Survivor's Option         Redemption           (including the redemption price)
      (begin date)          -----------------         ----------           --------------------------------
    ----------------               Yes                    Yes                  100%       06/15/02
        7/15/01                                                               semi-annually thereafter
        monthly
</TABLE>

<TABLE>
<CAPTION>
    <S>                       <C>                     <C>                  <C>                       <C>
                              Discounts and
    Proceeds to UPS            Commissions            Reallowance                Dealer              Other Terms
    ---------------            -----------            -----------                ------              -----------
     $5,381,534.40             $66,465.60                $2.00             ABN AMRO Financial
                                                                             Services, Inc.
</TABLE>