PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
UNITED PARCEL SERVICE, INC.
UPS NOTES
Pricing Supplement No. 81 Trade Date: 08/18/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 08/21/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is August 19, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UGF5 $5,969,000.00 5.00% 08/15/15 100%
Interest Payment
Frequency Dates and terms of redemption
(begin date) Survivor's Option Subject to Redemption (including the redemption price)
---------------- ----------------- --------------------- --------------------------------
11/15/03 Yes Yes 100% 08/15/04
quarterly semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$5,885,434.00 $83,566.00 $2.75 ABN AMRO Financial
Services, Inc.