1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes -------------------------------------------------------------------------------- Pricing Supplement No. 49 Trade Date: 06/27/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 07/06/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is June 29, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UBZ6 $4,694,000.00 6.4% 07/15/16 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- ------------------------------- 01/15/02 Yes Yes 100% 07/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $4,623,590.00 $70,410.00 $3.50 ABN AMRO Financial Services, Inc.