1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes -------------------------------------------------------------------------------- Pricing Supplement No. 44 Trade Date: 06/18/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 06/21/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is June 20, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UBV5 $8,684,000.00 6.25% 06/15/13 100% Interest Payment Subject to Dates and terms of redemption Frequency Survivor's Option Redemption (including the redemption price) (begin date) ----------------- ---------- -------------------------------- ---------------- Yes Yes 100% 06/15/02 7/15/01 semi-annually thereafter monthly Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ----------- ----------- ------ ----------- $8,562,424.00 $121,576.00 $2.75 ABN AMRO Financial Services, Inc.