BUSINESSWEEK ONLINE : OCTOBER 25, 1999 ISSUE
BUSINESSWEEK INVESTOR -- THE BARKER PORTFOLIO

How UPS Delivers


                       UPS*                FDX**

REVENUES            $25.7 BILLION       $16.8 BILLION

OPERATING MARGIN    13.7%               6.9%

NET EARNINGS        $2 BILLION***       $631 MILLION

LONG-TERM DEBT      $2.1 BILLION        $1.4 BILLION

CASH                $3.2 BILLION        $325 MILLION

*12 months ended June
**12 months ended May
***Before special tax assessment

DATA: COMPANY REPORTS


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