1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) United Parcel Service, Inc. UPS Notes ------------------------------------------------------------------------------ Pricing Supplement No. 18 Trade Date: 03/19/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 03/22/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is March 20, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public --------------- ----------------- ------------- -------------- --------------- 91131UAT1 $16,472,000.00 6.2% 3/15/16 100% Interest Payment Frequency Subject to Dates and terms of redemption (begin date) Survivor's Option Redemption (including the redemption price) ---------------- ----------------- ------------- ------------------------------------- 4/15/01 Yes Yes 100% 3/15/02 monthly semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms ---------------- ----------------- ------------- -------------- ----------- $16,183,740.00 $288,260 $3.50 ABN AMRO, Inc.