1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes -------------------------------------------------------------------------------- Pricing Supplement No. 55 Trade Date: 08/17/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 08/23/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is August 21, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UCG7 $12,884,000.00 6.1% 08/15/16 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ---------- -------------------------------- 02/15/02 Yes Yes 100% 08/15/03 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $12,690,740.00 $193,260 $3.50 ABN AMRO Financial Services, Inc.