UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
United Parcel Service of America, Inc.
____________________________________________
(Name of Issuer)
Common Stock, par value $.10 per share
_____________________________________________
(Title of Class of Securities)
N/A
_______________________
(CUSIP Number)
Check the following box if a fee is being paid with this
statement
__
/__/. (A fee is not required only if the filing person: (1)
has a previous statement on file reporting beneficial ownership
of more than five percent of the class of securities described in
Item 1; and (2) has filed no amendment subsequent thereto
reporting beneficial ownership of five percent or less of such
class.) (See Rule 13d-7).
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
<PAGE>
CUSIP No. N/A 13G
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Annie E. Casey Foundation, Inc.
I.R.S. Tax Identification No. 13-6138589
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
Not applicable.
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
27,366,577
6. SHARED VOTING POWER
-0-
7. SOLE DISPOSITIVE POWER
27,366,577
8. SHARED DISPOSITIVE POWER
-0-
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,366,577
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.72%
12. TYPE OF REPORTING PERSON*
CO
<PAGE>
<PAGE>
The following items are amended and restated as of
December 31, 1995.
Item 1.
(a) Name of Issuer:
United Parcel Service of America, Inc. ("UPS").
(b) Address of Issuer's principal executive offices:
55 Glenlake Parkway, NE
Atlanta, GA 30328
Item 2.
(a) Name of Person Filing:
The Annie E. Casey Foundation, Inc. ("Foundation")
(b) Address of Principal Business Office:
701 St. Paul Street
Baltimore, MD 21202
(c) Citizenship:
The Foundation is organized under laws of the State of
Connecticut.
(d) Title of Class of Securities:
Shares of UPS Common Stock, par value $.10 per share
("Common Stock").
(e) CUSIP Number:
None.
Item 3. Inapplicable.
Item 4. Ownership:
(a) Amount beneficially owned: As of December 31, 1995,
the Foundation owned of record and beneficially
27,366,577 shares of Common Stock.
(b) Percent of Class:
The percent of class represented by the amount
beneficially owned was 4.72%.
(c) Number of Shares as to which Such Person has:
(i) Sole power to vote or to direct the vote --
27,366,577.
(ii) Shared power to vote or to direct the vote -- 0.
(iii) Sole power to dispose or to direct disposition of
-- 27,366,577.
(iv) Shared power to dispose or to direct disposition
of -- 0.
Item 5. Ownership of Five Percent or Less of a Class.
This statement is being filed to report the fact that
as of the date hereof the reporting person has ceased
to be the beneficial owner of more than five percent of
the class of securities.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in
this statement is true, complete and correct.
February 13, 1995
_________________________________
Date
The Annie E. Casey Foundation, Inc.
By:/s/ R. Ramanathan
_________________________________
Rajaram Ramanathan
Chief Financial Officer
