United Parcel Service, Inc.

UPS Notes

With Maturities of 9 Months or More from Date of Issue

Filed Under Rule 433, Registration Statement No. 333-108272		Offering Dates:    December 4, 2006 through December 11, 2006
Pricing Supplement No.     27		Trade Date:          12/11/2006 @ 12:00 PM ET
The date of this Pricing Supplement is     December 4, 2006		Settle Date:          12/14/2006
(To: Prospectus Dated September 8, 2003, as supplemented by Prospectus Supplement Dated November 17, 2006)		Minimum Denomination/Increments: $1,000.00/$1,000.00

Interest

CUSIP

Payment

Subject to Redemption

or

Interest

Maturity

Price to

Discounts &

Frequency

Survivor’s

Common Code

Rate (1)

Date

Public (2)

Commissions (2)

(begin date)

Option

Yes/No

Date and terms of redemption (including the redemption price)

91131UHM9

5.100%

12/15/2021

100%

1.600%

Semi (06/15/07)

Yes

Yes

Callable at 100% on 12/15/2007 and semi-annually thereafter with 30 days notice.

(1)		The interest rates on the UPS Notes may be changed by United Parcel Service, Inc. from time to time, but any such change will not affect the interest rate on any UPS Notes offered prior to the effective date of the change.
(2)		Expressed as a percentage of aggregate principal amount.

United Parcel Service, Inc. (“UPS”) has filed a registration statement (including prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and the other documents UPS has filed with the SEC for more complete information about UPS and this offering. You may get these documents for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, UPS, LaSalle Financial Services, Inc. or any selling agent participating in the offering will arrange to send you the prospectus if you request it by calling (866) 658-3267.

Agents: LaSalle Financial Services, Inc., Charles Schwab & Co., Inc., Citigroup Global Markets Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. Incorporated, Samuel A. Ramirez & Co., Inc., Muriel Siebert & Co., Inc., UBS Securities LLC and Wachovia Securities LLC