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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 f+6QTRlWPjurDJWH2eWpcg==

<SEC-DOCUMENT>0001047469-03-004071.txt : 20030205
<SEC-HEADER>0001047469-03-004071.hdr.sgml : 20030205
<ACCEPTANCE-DATETIME>20030205115848
ACCESSION NUMBER:		0001047469-03-004071
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030205
EFFECTIVENESS DATE:		20030205

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:	333-102093
		FILM NUMBER:		03539949

	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>a2102519z497.txt
<DESCRIPTION>497
<TEXT>
<Page>


                             UBS MANAGED INVESTMENTS TRUST
                                  UBS STRATEGY FUND

                            Supplement to Proxy Statement


                                                                February 3, 2003

Dear Investor,

     The purpose of this supplement is to notify you of changes in the
section "Voting Information - Who is entitled to vote?" This section is
replaced in its entirety with the following:

WHO IS ENTITLED TO VOTE?

     Only shareholders of record of the Strategy Fund at the close of
business on the Record Date will be entitled to vote at the meeting.  The
number of shares of the Strategy Fund and each of its four classes
outstanding as of the Record Date is listed below:


                          SHARES OUTSTANDING
<Table>
<S>                                    <C>
Strategy Fund......................    87,626,511
Strategy Fund Class A Shares.......    26,653,163
Strategy Fund Class B Shares.......    36,229,345
Strategy Fund Class C Shares.......    24,078,024
Strategy Fund Class Y Shares.......       665,979
</Table>

                                                                Item No. ZS-169

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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