PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
United Parcel Service, Inc.
UPS Notes
- -------------------------------------------------------------------------------
Pricing Supplement No. 78 Trade Date: 07/28/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/31/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is July 29, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UGC2 $9,338,000.00 5.00% 07/15/18 100%
Interest Payment
Frequency Dates and terms of redemption
(begin date) Survivor's Option Subject to Redemption (including the redemption price)
- ---------------- ----------------- --------------------- --------------------------------
01/15/04 Yes Yes 100% 07/15/04
semi-annually semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
- --------------- ------------- ----------- ----------------- -----------
$9,193,261.00 $144,739.00 $3.50 ABN AMRO Financial
Services, Inc.