Exhibit 21
SUBSIDIARIES OF UNITED PARCEL SERVICE, INC.
As of December 31, 2009
| Name of Subsidiary | Jurisdiction of Organization | |
| BT Property Holdings, Inc. |
Delaware | |
| BT Realty II, Inc. |
Maryland | |
| BT Realty, Inc. |
Maryland | |
| C.C. & E.I., L.L.C. |
Delaware | |
| United Parcel Service Co. |
Delaware | |
| United Parcel Service General Services Co. |
Delaware | |
| UPS Limited |
United Kingdom | |
| United Parcel Service of America, Inc. |
Delaware | |
| United Parcel Service, Inc. |
Ohio | |
| UPINSCO, Inc. |
Virgin Islands | |
| United Parcel Service Canada Ltd. |
Canada | |
| UPS Capital Business Credit |
Connecticut | |
| UPS Capital Corporation |
Delaware | |
| United Parcel Service Deutschland Inc. |
Delaware | |
| UPS Ground Freight, Inc. |
Virginia | |
| UPS Supply Chain Solutions, Inc. |
Delaware | |
| UPS Worldwide Forwarding, Inc. |
Delaware | |
| UPICO Corporation |
Delaware | |
| UPS Europe SA |
Belgium | |
| UPS SCS, Inc. (Canada) |
Canada | |
| UPS SCS GmbH & Co OHG |
Germany |
The names of particular subsidiaries are omitted pursuant to Item 601(b)(21)(ii)of Regulation S-K.