1 PRICING SUPPLEMENT Registration No. 333-08369-01 Filed Pursuant to Rule 424(b)(2) UNITED PARCEL SERVICE, INC. UPS NOTES Pricing Supplement No. 7 Trade Date: 2/12/01 (To Prospectus dated March 22, 2000 and Prospectus Issue Date: 2/15/01 Supplement dated January 29, 2001) The date of this Pricing Supplement is February 15, 2001 CUSIP or Common Code Principal Amount Interest Rate Maturity Date Price to Public ----------- ---------------- ------------- ------------- --------------- 91131UAG9 $705,000.00 5.85% 02/15/11 100% Interest Payment Frequency Dates and terms of redemption (begin date) Survivor's Option Subject to Redemption (including the redemption price) ---------------- ----------------- --------------------- -------------------------------- 8/15/01 Yes Yes 100% 02/15/02 semi-annually semi-annually thereafter Discounts and Proceeds to UPS Commissions Reallowance Dealer Other Terms --------------- ------------- ----------- ------ ----------- $695,835.00 $9,165.00 $2.00 ABN AMRO Inc.