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. 69 Trade Date: 05/27/03
(To Prospectus dated March 22, 2000 and Prospectus Issue Date: 05/30/03
Supplement dated December 20, 2001)
The date of this Pricing Supplement is May 28, 2003
CUSIP
or
Common Code Principal Amount Interest Rate Maturity Date Price to Public
----------- ---------------- ------------- ------------- ---------------
91131UFT6 $3,305,000.00 4.00% 11/15/15 100%
Interest Payment
Frequency Subject to Dates and terms of redemption
(begin date) Survivor's Option Redemption (including the redemption price)
---------------- ----------------- ---------- -------------------------------
6/15/03 Yes Yes 100% 05/15/04
monthly semi-annually thereafter
Discounts and
Proceeds to UPS Commissions Reallowance Dealer Other Terms
--------------- ------------- ----------- ------------------ -----------
$3,259,556.25 $45,443.75 $3.00 ABN AMRO Financial
Services, Inc.