PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
- -------------------------------------------------------------------------------
Pricing Supplement No. 31 Trade Date: 08/12/02
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 08/15/02
Supplement dated December 20, 2001)
The date of this Pricing Supplement is August 13, 2002
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UED2 $5,670,000.00 4.40% 08/15/10 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
- ---------------- ----------------- ---------- --------------------------------
02/15/03 Yes Yes 100% 08/15/03
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
- --------------- ----------- ----------- ------ -----------
$5,601,960.00 $68,040.00 $2.00 ABN AMRO Financial
Services, Inc.