PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes Pricing Supplement No. 74 Trade Date: 06/30/03 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/03/03 Supplement dated December 20, 2001) The date of this Pricing Supplement is July 1, 2003 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UFY5 $4,221,000.00 4.00% 07/15/16 100% 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% 07/15/04 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $4,151,353.50 $69,646.50 $3.00 ABN AMRO Financial Services, Inc.