PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
- -------------------------------------------------------------------------------
Pricing Supplement No. 46 Trade Date: 12/02/02
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 12/05/02
Supplement dated December 20, 2001)
The date of this Pricing Supplement is December 3, 2002
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UEU4 $4,245,000.00 5.00% 12/15/17 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
- ---------------- ----------------- ---------- --------------------------------
6/15/03 Yes Yes 100% 12/15/03
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
- --------------- ----------- ----------- ------ -----------
$4,191,937.50 $53,062.50 $3.50 ABN AMRO Financial
Services, Inc.