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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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MIC-Info: RSA-MD5,RSA,
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 48djrA9hfJ3iRzoWugZd6g==

<SEC-DOCUMENT>0001047469-03-002241.txt : 20030123
<SEC-HEADER>0001047469-03-002241.hdr.sgml : 20030123
<ACCEPTANCE-DATETIME>20030123104030
ACCESSION NUMBER:		0001047469-03-002241
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030123
EFFECTIVENESS DATE:		20030123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UBS FUNDS
		CENTRAL INDEX KEY:			0000886244
		IRS NUMBER:				367056204
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-47287
		FILM NUMBER:		03521722

	BUSINESS ADDRESS:	
		STREET 1:		209 S LASALLE ST
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60604-1795
		BUSINESS PHONE:		8001482430

	MAIL ADDRESS:	
		STREET 1:		209 S LASALLE ST
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60604-1795

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BRINSON FUNDS INC
		DATE OF NAME CHANGE:	19920929
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>a2100443z497.txt
<DESCRIPTION>497
<TEXT>
<Page>


                                  THE UBS FUNDS

                Supplement to Prospectus dated September 30, 2002


                                                                January 23, 2003


Dear Investor,

     The following text replaces the applicable line item in the chart captioned
"Class A Sales Charges" that appears on page 72 of the Prospectus.

<Table>
<Caption>
                                                                    REALLOWANCE TO
AMOUNT OF                      SALES CHARGE AS A PERCENTAGE OF:     SELECTED DEALERS AS
                                                                    PERCENTAGE
INVESTMENT               OFFERING PRICE     NET AMOUNT INVESTED     OF OFFERING PRICE
- ----------               --------------     -------------------     -----------------
<S>                      <C>                <C>                     <C>
$100,000 to $249,999              3.50%                   3.63%                 3.00%
</Table>
                                                                 Item No. ZS-165

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----