5 billion at
March 31, 2005.S.) service and insurance products from UPS Capital
Insurance Agency, Inc. Insurance is offered through UPS Capital
Insurance Agency, Inc.

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C. Department of
Agriculture and the Export-Import Bank of the U. Check with your UPS Capital or UPS Capital Business
Credit representative for local availability.O.

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"I am very pleased that Sharon and Liz have joined our platform.

Except for historical information contained herein, the statements
made in this release constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934.

See the link to Regions/US if seeking small business finance.

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In addition to facilitating loans through these programs, UPS
Capital also provides a broad array of services from traditional
commercial lending to accelerated payments for UPS's Collect On
Delivery (C. The C.

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Sharon and Liz bring
excellent transaction experience and partnership skills that will add to the
level of strategic counsel we provide to our clients," said George Johns, head
of the Financial Institutions Group. Wachovia Securities is
also the trade name for the retail brokerage businesses of WCM's affiliates ,
Wachovia Securities, LLC, Wachovia Securities Financial Networks, LLC, Wexford
Clearing, LLC , and First Clearing, LLC. Its four core businesses, the General Bank, Capital
Management, Wealth Management, and the Corporate and Investment Bank, serve
13 million household and business relationships primarily through 3,277
offices in 15 states and Washington, D.com. Certain factors may cause actual results to
differ materially from those contained in the forward-looking
statements, including economic and other conditions in the markets in
which we operate, governmental regulations, our competitive
environment, strikes, work stoppages and slowdowns, increases in
aviation and motor fuel prices , cyclical and seasonal fluctuations in
our operating results, and other risks discussed in the company 's Form
10-K and other filings with the Securities and Exchange Commission,
which discussions are incorporated herein by reference. UPS Capital Corporation is neither an agent
for, nor associate of, UPS Capital Business Credit for the purposes of
originating, processing, underwriting or servicing government
guaranteed loans (e.

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UPS
Capital Business Credit, a subsidiary of UPS Capital, now has been
designated by the SBA as a PLP participant in the SBA's 75 districts
covering all of the contiguous United States.

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UPS is the world's largest package delivery company and a global
leader in supply chain services, offering an extensive range of
options for synchronizing the movement of goods, information and
funds. of California in
California, UPS Capital Insurance Agency , Inc.

We suggest that you look within your local region for financial institutions, especially ones with whom you can have face to face discussions.

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Weinstein will focus on
origination and execution of corporate finance business for depository
institutions, and Marin will focus on specialty finance companies. Marin also comes
to Wachovia Securities from Banc of America Securities, where she was a
principal in the Financial Institutions Group and worked on a variety of
capital raising and mergers and acquisitions transactions for her specialty
finance clients.
Before joining Banc of America, Weinstein covered the commercial banking
industry for nearly 15 years, including five years at JP Morgan Chase in the
firm's Financial Institutions Group.

About Wachovia
Wachovia Corporation (NYSE: WB) is one of the largest providers of
financial services to retail , brokerage and corporate customers, with retail
operations from Connecticut to Florida and west to Texas, and retail brokerage
operations nationwide.8 billion, market
capitalization of $80.g.

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Both in her
work at Banc of America Securities and throughout her career, Weinstein has
provided strategic solutions and managed extensive relationships with senior
management at banking and financial institution companies. Both are
seasoned investment bankers with strong strategic advisory skills and a proven
understanding of the financial services landscape. "By bolstering our SBA PLP
participation and the reach of our lender network, UPS Capital can
further help small businesses obtain much needed funding while also
assisting companies synchronize the movement of their funds with their
goods and information.

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Sharon Weinstein and Elizabeth Marin Join Wachovia Securities Financial Institutions Investment Banking Group

S.
UPS Capital Business Credit has consistently been a leading lender
in the SBA's 7(a) loan program and for fiscal year 2004 was a top 20
SBA lender providing 69 SBA transactions valued at $47 million.

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Global
services are offered through 33 international offices . of Massachusetts in
Massachusetts and UPS Capital Insurance Agency, Inc.

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Online banking and
brokerage products and services also are available through Wachovia.
Additionally, UPS Capital Business Credit is a leading lender in the
government-guaranteed loan programs of the U.

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K. It gives the lender the ability to make loan decisions
on behalf of the SBA, thereby reducing the time it takes UPS
Capital (SM) to process, approve and fund loans from weeks to days. Such forward-looking
statements, including statements regarding the intent, belief or
current expectations of UPS and its management regarding the company's
strategic directions, prospects and future results, involve certain
risks and uncertainties . Products
may not be available in all areas and may be modified based on
requirements. and through the following licensed agency
affiliates: UPS Capital Insurance Agency, Inc.

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Marin began her career at Salomon Smith
Barney, where she worked in the Financial Institutions Group for six years.

UPS Capital Business Credit Designated ''Preferred Lender'' by SBA; UPS Unit Also Doubling Its U.S. Lender Network

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incorporated investment firm authorized and regulated by the
Financial Services Authority.

Small Business Administration's Preferred
Lender Program, slashing the amount of time and effort it takes for
business customers to secure SBA loans.
In a related illustration of its commitment to helping small and
medium businesses grow, UPS Capital Business Credit(SM) also has
expanded its lender network to cover every region of the United
States, nearly doubling its team of lending agents around the country.D.
UPS Capital loans are made in California pursuant a Department of
Corporations California Finance Lenders License.

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Business Editors

ATLANTA----The financial services
subsidiary of UPS (NYSE:UPS) has significantly expanded its geographic
participation in the U.S., SBA, USDA or Ex-Im guaranteed loans).

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com. Previously, UPS Capital
Business Credit was a PLP participant in 16 SBA districts. Government guaranteed
loans are offered through UPS Capital Business Credit, a subsidiary of
UPS Capital Corporation.

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Weinstein comes to Wachovia Securities from Banc of America Securities,
where she was a principal in the Financial Institutions Group., and the
Securities Investor Protection Corp.O.D. Certain limitations and exclusions may
apply .

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She joined Banc of America Securities' Financial Institutions Group in 2001.
Wachovia Capital Markets, LLC, is a U. Wachovia had assets of $506.
Being a Preferred Lender Program (PLP) participant is the highest
designation extended by the SBA for the processing of loans under its
7(a) program .

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C., Wachovia Securities
announced today that Sharon Weinstein has joined the firm as a managing
director, and Elizabeth Marin has joined the firm as a director in the
Financial Institutions Investment Banking Group.S.
"Enhancing cash flow and accessing working capital are certainly
among the most pressing needs for small and medium businesses," said
Bob Bernabucci, president, UPS Capital . Enhancement Services products are offered
through UPS Capital Trade Protection Services, Inc.

This category is for national resources on small business finance.

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Our Corporate and Investment Bank
serves clients primarily in 10 key industry sectors nationwide., UPS serves more than 200
countries and territories worldwide. Credit availability is
subject to approval.
Enhancement Services program is governed by the terms and conditions
of the contract.

Resources for financing small businesses are often found at the local level.

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CHARLOTTE, N.
Wachovia Securities' Financial Institutions Investment Banking group is
focused on providing corporate finance and strategic advisory services to
insurance and specialty finance companies, asset managers and depository
institutions. Wachovia Securities International Limited
is a U.O. C.

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broker-dealer registered with the
U. Indeed, small businesses established
a new record pace of borrowing during the first quarter of fiscal
2005 .

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Wachovia Securities is the trade name for the corporate, investment
banking, capital markets and securities research businesses of Wachovia
Corporation and its subsidiaries, including Wachovia Capital Markets, LLC
(WCM) and Wachovia Securities International Limited. Securities and Exchange Commission and a member of the New York Stock
Exchange, the National Association of Securities Dealers , Inc.S. UPS's stock trades on the New
York Stock Exchange (UPS), and the company can be found on the Web at
UPS.

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Both will
be based in the firm's New York office.3 billion and stockholders' equity of $46. Its full-service retail brokerage
firm, Wachovia Securities, LLC, also serves clients through 693 offices in 49
states and five Latin American countries."
According to the SBA, the demand by American small business for
capital continues to accelerate. Headquartered in Atlanta, Ga. of Nevada in
Nevada and Louisiana. Insurance products may not be available in all
jurisdictions . Insurance products are governed by the terms and
conditions of the policy.