PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
Pricing Supplement No. 77 Trade Date: 07/21/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/24/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is July 22, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UGB4 $4,925,000.00 4.25% 07/15/15 100%
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
- --------------- ----------- ----------- ------------------ -----------
$4,856,050.00 $68,950.00 $2.75 ABN AMRO Financial
Services, Inc.