PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 65 Trade Date: 11/26/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 11/29/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is November 28, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UCS1 $4,173,000.00 5.375% 11/15/11 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- --------------------- -------------------------------- 12/15/01 Yes Yes 100% 11/15/02 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $4,110,405.00 $62,595.00 $2.00 ABN AMRO Financial Services, Inc.