EXHIBIT 21
SUBSIDIARIES OF UNITED PARCEL SERVICE, INC.
AS OF MARCH 14, 2005
| NAME OF SUBSIDIARY OF ORGANIZATION |
JURISDICTION | |
| United Parcel Service of America, Inc. |
Delaware | |
| United Parcel Service General Services Co. |
Delaware | |
| United Parcel Service Co. |
Delaware | |
| UPS Worldwide Forwarding, Inc. |
Delaware | |
| United Parcel Service, Inc. |
Ohio | |
| United Parcel Service, Inc. |
New York | |
| UPICO Corporation |
Delaware | |
| UPS Supply Chain Solutions, Inc. |
Delaware | |
| UPS International, Inc. |
Delaware | |
| United Parcel Service Deutschland Inc. |
Delaware | |
The names of particular subsidiaries are omitted pursuant to Item 601(b)(21)(ii)of Regulation S-K.