PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
Pricing Supplement No. 56 Trade Date: 02/24/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 02/27/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is February 25, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UFE9 $2,607,000.00 3.50% 08/15/09 100%
Interest Payment
Frequency Dates and terms of redemption
(begin date) Survivor's Option Subject to Redemption (including the redemption price)
---------------- ----------------- --------------------- --------------------------------
08/15/03 Yes Yes 100% 02/15/04
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$2,579,626.50 $27,373.50 $1.75 ABN AMRO Financial
Services, Inc.