PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
- --------------------------------------------------------------------------------
Pricing Supplement No. 51 Trade Date: 07/23/01
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/26/01
Supplement dated January 29, 2001)
The date of this Pricing Supplement is July 25, 2001
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UCC6 $9,677,000.00 6.0% 07/15/11 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
- ---------------- ----------------- ---------- --------------------------------
01/15/02 Yes Yes 100% 07/15/03
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
- --------------- ----------- ----------- ------ -----------
$9,536,683.50 $140,316.50 $2.00 ABN AMRO Financial
Services, Inc.