PRICING SUPPLEMENT
Registration No. 333-08369-01
Filed Pursuant to Rule 424(b)(2)
UNITED PARCEL SERVICE, INC.
UPS NOTES
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Pricing Supplement No. 65 Trade Date: 04/28/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 05/01/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is April 29, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UFP4 $6,270,000.00 4.00% 11/15/11 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
---------------- ----------------- ---------- --------------------------------
8/15/03 Yes Yes 100% 05/15/04
quarterly semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ----------- ----------- ------ -----------
$6,194,760.00 $75,240.00 $2.00 ABN AMRO Financial
Services, Inc.