PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
Pricing Supplement No. 68 Trade Date: 05/19/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 05/22/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is May 20, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UFS8 $4,276,000.00 4.00% 05/15/14 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
---------------- ----------------- ---------- --------------------------------
11/15/03 Yes Yes 100% 05/15/04
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$4,224,688.00 $51,312.00 $1.25 ABN AMRO Financial
Services, Inc.