-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, EW2Kx0vweocYmiW3lp9exn4HRJYE5TKxJ7zl2qefRizlaJikFFiwLyTi//ku3JV9 gFhq0lr8gzXKjgD4v2HP5A== 0001098992-02-000037.txt : 20020415 0001098992-02-000037.hdr.sgml : 20020415 ACCESSION NUMBER: 0001098992-02-000037 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 20011231 FILED AS OF DATE: 20020314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRINSON FUNDS INC CENTRAL INDEX KEY: 0000886244 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-06637 FILM NUMBER: 02575241 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 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072 B000400 184 072 C000400 1004 PAGE 25 072 D000400 0 072 E000400 16 072 F000400 668 072 G000400 0 072 H000400 0 072 I000400 3 072 J000400 50 072 K000400 0 072 L000400 74 072 M000400 4 072 N000400 30 072 O000400 0 072 P000400 0 072 Q000400 0 072 R000400 25 072 S000400 32 072 T000400 11 072 U000400 0 072 V000400 0 072 W000400 30 072 X000400 927 072 Y000400 81 072 Z000400 358 072AA000400 0 072BB000400 3728 072CC010400 0 072CC020400 4381 072DD010400 36 072DD020400 2959 072EE000400 17868 073 A010400 0.0000 073 A020400 0.0000 073 B000400 0.0000 073 C000400 0.0000 074 A000400 0 074 B000400 0 074 C000400 0 074 D000400 0 074 E000400 0 074 F000400 137886 074 G000400 0 074 H000400 0 074 I000400 1074 074 J000400 366 074 K000400 15 074 L000400 7952 074 M000400 2 074 N000400 147295 074 O000400 38 074 P000400 97 074 Q000400 7021 PAGE 26 074 R010400 0 074 R020400 0 074 R030400 0 074 R040400 10263 074 S000400 0 074 T000400 129876 074 U010400 0 074 U020400 0 074 V010400 0.00 074 V020400 0.00 074 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D000607 0 025 D000608 0 028 A010600 2103 028 A020600 0 028 A030600 0 028 A040600 3433 028 B010600 2028 028 B020600 0 028 B030600 0 028 B040600 1432 028 C010600 2446 028 C020600 0 028 C030600 0 028 C040600 1790 028 D010600 10178 028 D020600 0 028 D030600 0 028 D040600 2142 028 E010600 8368 028 E020600 0 028 E030600 0 028 E040600 6358 028 F010600 3270 028 F020600 5046 028 F030600 0 028 F040600 30158 028 G010600 28393 PAGE 28 028 G020600 5046 028 G030600 0 028 G040600 45312 028 H000600 6013 037 000600 N 038 000600 0 039 000600 N 040 000600 Y 041 000600 Y 042 A000600 0 042 B000600 0 042 C000600 0 042 D000600 100 042 E000600 0 042 F000600 0 042 G000600 0 042 H000600 0 043 000600 20 044 000600 0 045 000600 Y 046 000600 N 047 000600 Y 048 000600 0.700 048 A010600 0 048 A020600 0.000 048 B010600 0 048 B020600 0.000 048 C010600 0 048 C020600 0.000 048 D010600 0 048 D020600 0.000 048 E010600 0 048 E020600 0.000 048 F010600 0 048 F020600 0.000 048 G010600 0 048 G020600 0.000 048 H010600 0 048 H020600 0.000 048 I010600 0 048 I020600 0.000 048 J010600 0 048 J020600 0.000 048 K010600 0 048 K020600 0.000 049 000600 N 050 000600 N 051 000600 N 052 000600 N 053 A000600 Y 053 B000600 Y PAGE 29 055 A000600 Y 055 B000600 N 056 000600 Y 057 000600 N 058 A000600 N 059 000600 Y 060 A000600 Y 060 B000600 Y 061 000600 1000 062 A000600 N 062 B000600 0.0 062 C000600 0.0 062 D000600 0.0 062 E000600 0.0 062 F000600 0.0 062 G000600 0.0 062 H000600 0.0 062 I000600 0.0 062 J000600 0.0 062 K000600 0.0 062 L000600 0.0 062 M000600 0.0 062 N000600 0.0 062 O000600 0.0 062 P000600 0.0 062 Q000600 0.0 062 R000600 0.0 063 A000600 0 063 B000600 0.0 066 A000600 Y 066 B000600 N 066 C000600 N 066 D000600 N 066 E000600 N 066 F000600 N 066 G000600 Y 067 000600 N 068 A000600 N 068 B000600 N 069 000600 N 070 A010600 Y 070 A020600 N 070 B010600 Y 070 B020600 N 070 C010600 Y 070 C020600 N 070 D010600 Y 070 D020600 N 070 E010600 Y 070 E020600 N 070 F010600 Y PAGE 30 070 F020600 Y 070 G010600 Y 070 G020600 N 070 H010600 Y 070 H020600 N 070 I010600 N 070 I020600 N 070 J010600 Y 070 J020600 N 070 K010600 Y 070 K020600 N 070 L010600 N 070 L020600 N 070 M010600 N 070 M020600 N 070 N010600 Y 070 N020600 N 070 O010600 Y 070 O020600 N 070 P010600 Y 070 P020600 N 070 Q010600 N 070 Q020600 N 070 R010600 N 070 R020600 N 071 A000600 41697 071 B000600 59279 071 C000600 127683 071 D000600 33 072 A000600 6 072 B000600 88 072 C000600 1035 072 D000600 0 072 E000600 0 072 F000600 471 072 G000600 0 072 H000600 0 072 I000600 3 072 J000600 2 072 K000600 0 072 L000600 29 072 M000600 3 072 N000600 18 072 O000600 0 072 P000600 0 072 Q000600 0 072 R000600 21 072 S000600 25 072 T000600 20 072 U000600 0 072 V000600 0 PAGE 31 072 W000600 23 072 X000600 615 072 Y000600 56 072 Z000600 564 072AA000600 1340 072BB000600 0 072CC010600 0 072CC020600 2456 072DD010600 34 072DD020600 315 072EE000600 5555 073 A010600 0.0000 073 A020600 0.0000 073 B000600 0.0000 073 C000600 0.0000 074 A000600 0 074 B000600 0 074 C000600 499 074 D000600 0 074 E000600 0 074 F000600 115594 074 G000600 0 074 H000600 0 074 I000600 0 074 J000600 9204 074 K000600 5 074 L000600 178 074 M000600 0 074 N000600 125480 074 O000600 124 074 P000600 80 074 Q000600 0 074 R010600 0 074 R020600 0 074 R030600 0 074 R040600 4675 074 S000600 0 074 T000600 120601 074 U010600 0 074 U020600 0 074 V010600 0.00 074 V020600 0.00 074 W000600 0.0000 074 X000600 184 074 Y000600 0 075 A000600 0 075 B000600 134928 076 000600 0.00 010 A000701 BRINSON ADVISORS, INC. 010 C010701 NEWYORK 010 C020701 NY PAGE 32 010 C030701 10019 010 C040701 6114 024 000700 Y 025 A000701 CITIGROUP INC. 025 C000701 D 025 D000701 368 025 A000702 WELLS FARGO & CO. 025 C000702 D 025 D000702 335 025 A000703 FLEETBOSTON FINANCIAL CORP. 025 C000703 D 025 D000703 175 025 A000704 JPMORGAN CHASE & CO. 025 C000704 D 025 D000704 160 025 A000705 MORGAN STANLEY DEAN WITTER CO. 025 C000705 D 025 D000705 140 025 A000706 BANK AMERICA CORP. 025 C000706 D 025 D000706 43 025 D000707 0 025 D000708 0 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0.000 048 J010700 0 048 J020700 0.000 048 K010700 0 048 K020700 0.000 049 000700 N 050 000700 N 051 000700 N 052 000700 N 053 A000700 Y 053 B000700 Y 053 C000700 N 055 A000700 N 055 B000700 Y PAGE 34 056 000700 Y 057 000700 N 058 A000700 N 059 000700 Y 060 A000700 Y 060 B000700 Y 061 000700 1000 062 A000700 Y 062 B000700 0.0 062 C000700 0.0 062 D000700 0.0 062 E000700 0.0 062 F000700 0.0 062 G000700 0.0 062 H000700 0.0 062 I000700 0.0 062 J000700 0.0 062 K000700 0.0 062 L000700 9.2 062 M000700 0.0 062 N000700 0.0 062 O000700 0.0 062 P000700 35.0 062 Q000700 0.0 062 R000700 55.8 063 A000700 0 063 B000700 12.8 064 A000700 N 064 B000700 N 066 A000700 Y 066 B000700 N 066 C000700 N 066 D000700 N 066 E000700 N 066 F000700 N 066 G000700 Y 067 000700 Y 068 A000700 N 068 B000700 N 069 000700 N 070 A010700 Y 070 A020700 N 070 B010700 Y 070 B020700 N 070 C010700 Y 070 C020700 N 070 D010700 Y 070 D020700 N 070 E010700 Y 070 E020700 Y 070 F010700 Y PAGE 35 070 F020700 Y 070 G010700 Y 070 G020700 N 070 H010700 Y 070 H020700 N 070 I010700 N 070 I020700 N 070 J010700 Y 070 J020700 Y 070 K010700 Y 070 K020700 N 070 L010700 N 070 L020700 N 070 M010700 N 070 M020700 N 070 N010700 Y 070 N020700 N 070 O010700 Y 070 O020700 N 070 P010700 Y 070 P020700 N 070 Q010700 N 070 Q020700 N 070 R010700 N 070 R020700 N 071 A000700 17067 071 B000700 22063 071 C000700 23311 071 D000700 73 072 A000700 6 072 B000700 323 072 C000700 119 072 D000700 0 072 E000700 0 072 F000700 83 072 G000700 0 072 H000700 0 072 I000700 1 072 J000700 0 072 K000700 0 072 L000700 4 072 M000700 2 072 N000700 19 072 O000700 0 072 P000700 2 072 Q000700 0 072 R000700 14 072 S000700 5 072 T000700 3 072 U000700 0 072 V000700 0 PAGE 36 072 W000700 4 072 X000700 137 072 Y000700 37 072 Z000700 342 072AA000700 0 072BB000700 209 072CC010700 88 072CC020700 0 072DD010700 39 072DD020700 521 072EE000700 0 073 A010700 0.0000 073 A020700 0.0000 073 B000700 0.0000 073 C000700 0.0000 074 A000700 0 074 B000700 0 074 C000700 2014 074 D000700 7642 074 E000700 0 074 F000700 12295 074 G000700 0 074 H000700 0 074 I000700 0 074 J000700 231 074 K000700 7 074 L000700 116 074 M000700 0 074 N000700 22305 074 O000700 430 074 P000700 12 074 Q000700 0 074 R010700 0 074 R020700 0 074 R030700 0 074 R040700 30 074 S000700 0 074 T000700 21833 074 U010700 0 074 U020700 0 074 V010700 0.00 074 V020700 0.00 074 W000700 0.0000 074 X000700 37 074 Y000700 0 075 A000700 0 075 B000700 24002 076 000700 0.00 010 A000801 BRINSON ADVISORS, INC. 010 C010801 NEWYORK 010 C020801 NY PAGE 37 010 C030801 10019 010 C040801 6114 024 000800 Y 025 A000801 BANK AMERICA CORP 025 C000801 D 025 D000801 498 025 D000802 0 025 D000803 0 025 D000804 0 025 D000805 0 025 D000806 0 025 D000807 0 025 D000808 0 028 A010800 81287 028 A020800 0 028 A030800 0 028 A040800 57780 028 B010800 46106 028 B020800 0 028 B030800 0 028 B040800 39064 028 C010800 22033 028 C020800 0 028 C030800 0 028 C040800 32855 028 D010800 79028 028 D020800 2187 028 D030800 0 028 D040800 64645 028 E010800 10498 028 E020800 381 028 E030800 0 028 E040800 38233 028 F010800 8241 028 F020800 388 028 F030800 0 028 F040800 5309 028 G010800 247193 028 G020800 2956 028 G030800 0 028 G040800 237886 028 H000800 0 037 000800 N 038 000800 0 039 000800 N 040 000800 Y 041 000800 Y 042 A000800 0 042 B000800 0 042 C000800 0 042 D000800 100 PAGE 38 042 E000800 0 042 F000800 0 042 G000800 0 042 H000800 0 043 000800 5 044 000800 0 045 000800 Y 046 000800 N 047 000800 Y 048 000800 0.500 048 A010800 0 048 A020800 0.000 048 B010800 0 048 B020800 0.000 048 C010800 0 048 C020800 0.000 048 D010800 0 048 D020800 0.000 048 E010800 0 048 E020800 0.000 048 F010800 0 048 F020800 0.000 048 G010800 0 048 G020800 0.000 048 H010800 0 048 H020800 0.000 048 I010800 0 048 I020800 0.000 048 J010800 0 048 J020800 0.000 048 K010800 0 048 K020800 0.000 049 000800 N 050 000800 N 051 000800 N 052 000800 N 053 A000800 Y 053 B000800 Y 053 C000800 N 055 A000800 N 055 B000800 Y 056 000800 Y 057 000800 N 058 A000800 N 059 000800 Y 060 A000800 Y 060 B000800 Y 061 000800 1000 062 A000800 Y 062 B000800 0.0 062 C000800 0.0 PAGE 39 062 D000800 0.0 062 E000800 0.0 062 F000800 0.0 062 G000800 0.0 062 H000800 0.0 062 I000800 0.0 062 J000800 0.0 062 K000800 0.0 062 L000800 1.9 062 M000800 16.6 062 N000800 24.0 062 O000800 0.0 062 P000800 51.7 062 Q000800 4.8 062 R000800 0.0 063 A000800 0 063 B000800 17.6 064 A000800 N 064 B000800 N 066 A000800 N 067 000800 N 068 A000800 N 068 B000800 N 069 000800 N 070 A010800 Y 070 A020800 N 070 B010800 Y 070 B020800 N 070 C010800 Y 070 C020800 N 070 D010800 Y 070 D020800 N 070 E010800 Y 070 E020800 N 070 F010800 Y 070 F020800 N 070 G010800 Y 070 G020800 N 070 H010800 Y 070 H020800 N 070 I010800 N 070 I020800 N 070 J010800 Y 070 J020800 Y 070 K010800 Y 070 K020800 N 070 L010800 N 070 L020800 N 070 M010800 N 070 M020800 N 070 N010800 Y PAGE 40 070 N020800 N 070 O010800 Y 070 O020800 Y 070 P010800 Y 070 P020800 N 070 Q010800 N 070 Q020800 N 070 R010800 N 070 R020800 N 071 A000800 283288 071 B000800 272795 071 C000800 83433 071 D000800 327 072 A000800 6 072 B000800 2563 072 C000800 0 072 D000800 0 072 E000800 0 072 F000800 217 072 G000800 0 072 H000800 0 072 I000800 2 072 J000800 1 072 K000800 0 072 L000800 13 072 M000800 3 072 N000800 18 072 O000800 0 072 P000800 28 072 Q000800 0 072 R000800 12 072 S000800 13 072 T000800 5 072 U000800 0 072 V000800 0 072 W000800 10 072 X000800 322 072 Y000800 29 072 Z000800 2269 072AA000800 1536 072BB000800 0 072CC010800 489 072CC020800 0 072DD010800 42 072DD020800 3371 072EE000800 0 073 A010800 0.0000 073 A020800 0.0000 073 B000800 0.0000 073 C000800 0.0000 074 A000800 0 PAGE 41 074 B000800 0 074 C000800 1509 074 D000800 76168 074 E000800 0 074 F000800 0 074 G000800 0 074 H000800 0 074 I000800 0 074 J000800 1315 074 K000800 7 074 L000800 917 074 M000800 0 074 N000800 79916 074 O000800 1327 074 P000800 33 074 Q000800 0 074 R010800 0 074 R020800 0 074 R030800 0 074 R040800 82 074 S000800 0 074 T000800 78474 074 U010800 0 074 U020800 0 074 V010800 0.00 074 V020800 0.00 074 W000800 0.0000 074 X000800 78 074 Y000800 0 075 A000800 0 075 B000800 87111 076 000800 0.00 010 A000901 BRINSON ADVISORS, INC. 010 C010901 NEWYORK 010 C020901 NY 010 C030901 10019 010 C040901 6114 024 000900 Y 025 A000901 CITIGROUP INC. 025 C000901 E 025 D000901 111 025 A000902 WELLS FARGO & CO 025 C000902 E 025 D000902 96 025 A000903 FLEETBOSTON FINANCIAL 025 C000903 E 025 D000903 65 025 A000904 MORGAN STANLEY DEAN WITTER 025 C000904 E 025 D000904 50 025 D000905 0 PAGE 42 025 D000906 0 025 D000907 0 025 D000908 0 028 A010900 23 028 A020900 0 028 A030900 0 028 A040900 72 028 B010900 10016 028 B020900 0 028 B030900 0 028 B040900 16 028 C010900 4 028 C020900 0 028 C030900 0 028 C040900 56 028 D010900 799 028 D020900 0 028 D030900 0 028 D040900 907 028 E010900 421 028 E020900 0 028 E030900 0 028 E040900 238 028 F010900 15 028 F020900 198 028 F030900 0 028 F040900 9912 028 G010900 11278 028 G020900 198 028 G030900 0 028 G040900 11201 028 H000900 390 037 000900 N 038 000900 0 039 000900 N 040 000900 Y 041 000900 Y 042 A000900 0 042 B000900 0 042 C000900 0 042 D000900 100 042 E000900 0 042 F000900 0 042 G000900 0 042 H000900 0 043 000900 7 044 000900 0 045 000900 Y 046 000900 N 047 000900 Y 048 000900 0.700 PAGE 43 048 A010900 0 048 A020900 0.000 048 B010900 0 048 B020900 0.000 048 C010900 0 048 C020900 0.000 048 D010900 0 048 D020900 0.000 048 E010900 0 048 E020900 0.000 048 F010900 0 048 F020900 0.000 048 G010900 0 048 G020900 0.000 048 H010900 0 048 H020900 0.000 048 I010900 0 048 I020900 0.000 048 J010900 0 048 J020900 0.000 048 K010900 0 048 K020900 0.000 049 000900 N 050 000900 N 051 000900 N 052 000900 N 053 A000900 Y 053 B000900 Y 053 C000900 N 055 A000900 N 055 B000900 N 056 000900 Y 057 000900 N 058 A000900 N 059 000900 Y 060 A000900 N 060 B000900 N 061 000900 1000 062 A000900 N 062 B000900 0.0 062 C000900 0.0 062 D000900 0.0 062 E000900 0.0 062 F000900 0.0 062 G000900 0.0 062 H000900 0.0 062 I000900 0.0 062 J000900 0.0 062 K000900 0.0 062 L000900 0.0 062 M000900 0.0 PAGE 44 062 N000900 0.0 062 O000900 0.0 062 P000900 0.0 062 Q000900 0.0 062 R000900 0.0 063 A000900 0 063 B000900 0.0 066 A000900 Y 066 B000900 N 066 C000900 Y 066 D000900 N 066 E000900 N 066 F000900 N 066 G000900 N 067 000900 N 068 A000900 N 068 B000900 N 069 000900 N 070 A010900 Y 070 A020900 N 070 B010900 Y 070 B020900 N 070 C010900 Y 070 C020900 N 070 D010900 Y 070 D020900 N 070 E010900 Y 070 E020900 N 070 F010900 Y 070 F020900 N 070 G010900 Y 070 G020900 N 070 H010900 Y 070 H020900 N 070 I010900 N 070 I020900 N 070 J010900 Y 070 J020900 N 070 K010900 Y 070 K020900 N 070 L010900 N 070 L020900 N 070 M010900 N 070 M020900 N 070 N010900 Y 070 N020900 N 070 O010900 Y 070 O020900 N 070 P010900 Y 070 P020900 N 070 Q010900 N PAGE 45 070 Q020900 N 070 R010900 N 070 R020900 N 071 A000900 11951 071 B000900 11724 071 C000900 6704 071 D000900 175 072 A000900 6 072 B000900 10 072 C000900 62 072 D000900 0 072 E000900 0 072 F000900 29 072 G000900 0 072 H000900 0 072 I000900 1 072 J000900 0 072 K000900 0 072 L000900 8 072 M000900 2 072 N000900 18 072 O000900 0 072 P000900 0 072 Q000900 0 072 R000900 17 072 S000900 1 072 T000900 7 072 U000900 0 072 V000900 0 072 W000900 2 072 X000900 85 072 Y000900 42 072 Z000900 29 072AA000900 0 072BB000900 180 072CC010900 0 072CC020900 88 072DD010900 2 072DD020900 12 072EE000900 0 073 A010900 0.0000 073 A020900 0.0000 073 B000900 0.0000 073 C000900 0.0000 074 A000900 2 074 B000900 0 074 C000900 180 074 D000900 0 074 E000900 0 074 F000900 2964 074 G000900 0 PAGE 46 074 H000900 0 074 I000900 0 074 J000900 16 074 K000900 13 074 L000900 9 074 M000900 0 074 N000900 3184 074 O000900 23 074 P000900 0 074 Q000900 0 074 R010900 0 074 R020900 0 074 R030900 0 074 R040900 8 074 S000900 0 074 T000900 3153 074 U010900 0 074 U020900 0 074 V010900 0.00 074 V020900 0.00 074 W000900 0.0000 074 X000900 20 074 Y000900 0 075 A000900 0 075 B000900 9124 076 000900 0.00 010 A001001 BRINSON ADVISORS, INC. 010 C011001 NEWYORK 010 C021001 NY 010 C031001 10019 010 C041001 6114 024 001000 Y 025 A001001 CITIGROUP INC. 025 C001001 E 025 D001001 140 025 A001002 MORGAN STANLEY DEAN WITTER & CO 025 C001002 E 025 D001002 84 025 D001003 0 025 D001004 0 025 D001005 0 025 D001006 0 025 D001007 0 025 D001008 0 028 A011000 2497 028 A021000 0 028 A031000 0 028 A041000 204 028 B011000 202 028 B021000 0 028 B031000 0 PAGE 47 028 B041000 661 028 C011000 6 028 C021000 0 028 C031000 0 028 C041000 41 028 D011000 0 028 D021000 0 028 D031000 0 028 D041000 215 028 E011000 590 028 E021000 0 028 E031000 0 028 E041000 2473 028 F011000 70 028 F021000 31 028 F031000 0 028 F041000 236 028 G011000 3365 028 G021000 31 028 G031000 0 028 G041000 3830 028 H001000 2976 037 001000 N 038 001000 0 039 001000 N 040 001000 Y 041 001000 Y 042 A001000 0 042 B001000 0 042 C001000 0 042 D001000 100 042 E001000 0 042 F001000 0 042 G001000 0 042 H001000 0 043 001000 9 044 001000 0 045 001000 Y 046 001000 N 047 001000 Y 048 001000 0.700 048 A011000 0 048 A021000 0.000 048 B011000 0 048 B021000 0.000 048 C011000 0 048 C021000 0.000 048 D011000 0 048 D021000 0.000 048 E011000 0 048 E021000 0.000 PAGE 48 048 F011000 0 048 F021000 0.000 048 G011000 0 048 G021000 0.000 048 H011000 0 048 H021000 0.000 048 I011000 0 048 I021000 0.000 048 J011000 0 048 J021000 0.000 048 K011000 0 048 K021000 0.000 049 001000 N 050 001000 N 051 001000 N 052 001000 N 053 A001000 Y 053 B001000 Y 053 C001000 N 055 A001000 N 055 B001000 N 056 001000 Y 057 001000 N 058 A001000 N 059 001000 Y 060 A001000 N 060 B001000 N 061 001000 1000 062 A001000 N 062 B001000 0.0 062 C001000 0.0 062 D001000 0.0 062 E001000 0.0 062 F001000 0.0 062 G001000 0.0 062 H001000 0.0 062 I001000 0.0 062 J001000 0.0 062 K001000 0.0 062 L001000 0.0 062 M001000 0.0 062 N001000 0.0 062 O001000 0.0 062 P001000 0.0 062 Q001000 0.0 062 R001000 0.0 063 A001000 0 063 B001000 0.0 066 A001000 Y 066 B001000 N 066 C001000 Y PAGE 49 066 D001000 N 066 E001000 N 066 F001000 N 066 G001000 N 067 001000 N 068 A001000 N 068 B001000 N 069 001000 N 070 A011000 Y 070 A021000 N 070 B011000 Y 070 B021000 N 070 C011000 Y 070 C021000 N 070 D011000 Y 070 D021000 N 070 E011000 Y 070 E021000 N 070 F011000 Y 070 F021000 N 070 G011000 Y 070 G021000 N 070 H011000 Y 070 H021000 N 070 I011000 N 070 I021000 N 070 J011000 Y 070 J021000 N 070 K011000 Y 070 K021000 N 070 L011000 Y 070 L021000 N 070 M011000 Y 070 M021000 N 070 N011000 Y 070 N021000 N 070 O011000 Y 070 O021000 N 070 P011000 Y 070 P021000 N 070 Q011000 N 070 Q021000 N 070 R011000 Y 070 R021000 N 071 A001000 2362 071 B001000 2724 071 C001000 5513 071 D001000 43 072 A001000 6 072 B001000 3 072 C001000 19 PAGE 50 072 D001000 0 072 E001000 0 072 F001000 20 072 G001000 0 072 H001000 0 072 I001000 2 072 J001000 0 072 K001000 0 072 L001000 7 072 M001000 2 072 N001000 17 072 O001000 0 072 P001000 0 072 Q001000 0 072 R001000 8 072 S001000 1 072 T001000 9 072 U001000 0 072 V001000 0 072 W001000 2 072 X001000 68 072 Y001000 36 072 Z001000 -10 072AA001000 0 072BB001000 1201 072CC011000 570 072CC021000 0 072DD011000 0 072DD021000 0 072EE001000 33 073 A011000 0.0000 073 A021000 0.0000 073 B001000 0.0000 073 C001000 0.0000 074 A001000 5 074 B001000 0 074 C001000 235 074 D001000 0 074 E001000 0 074 F001000 5521 074 G001000 0 074 H001000 0 074 I001000 0 074 J001000 0 074 K001000 15 074 L001000 4 074 M001000 0 074 N001000 5780 074 O001000 122 074 P001000 0 074 Q001000 0 PAGE 51 074 R011000 0 074 R021000 0 074 R031000 0 074 R041000 13 074 S001000 0 074 T001000 5645 074 U011000 0 074 U021000 0 074 V011000 0.00 074 V021000 0.00 074 W001000 0.0000 074 X001000 35 074 Y001000 0 075 A001000 0 075 B001000 6718 076 001000 0.00 010 A001101 BRINSON ADVISORS, INC. 010 C011101 NEWYORK 010 C021101 NY 010 C031101 10019 010 C041101 6114 024 001100 Y 025 A001101 INVESTORS FINANCIAL SERVICES CORP. 025 C001101 D 025 D001101 847 025 D001102 0 025 D001103 0 025 D001104 0 025 D001105 0 025 D001106 0 025 D001107 0 025 D001108 0 028 A011100 3773 028 A021100 0 028 A031100 0 028 A041100 5304 028 B011100 3439 028 B021100 0 028 B031100 0 028 B041100 8085 028 C011100 292 028 C021100 0 028 C031100 0 028 C041100 1934 028 D011100 5147 028 D021100 0 028 D031100 0 028 D041100 2053 028 E011100 6054 028 E021100 0 028 E031100 0 PAGE 52 028 E041100 6076 028 F011100 621 028 F021100 1455 028 F031100 0 028 F041100 408 028 G011100 19326 028 G021100 1455 028 G031100 0 028 G041100 23860 028 H001100 1758 037 001100 N 038 001100 0 039 001100 N 040 001100 Y 041 001100 Y 042 A001100 0 042 B001100 0 042 C001100 0 042 D001100 100 042 E001100 0 042 F001100 0 042 G001100 0 042 H001100 0 043 001100 6 044 001100 0 045 001100 Y 046 001100 N 047 001100 Y 048 001100 1.000 048 A011100 0 048 A021100 0.000 048 B011100 0 048 B021100 0.000 048 C011100 0 048 C021100 0.000 048 D011100 0 048 D021100 0.000 048 E011100 0 048 E021100 0.000 048 F011100 0 048 F021100 0.000 048 G011100 0 048 G021100 0.000 048 H011100 0 048 H021100 0.000 048 I011100 0 048 I021100 0.000 048 J011100 0 048 J021100 0.000 048 K011100 0 048 K021100 0.000 PAGE 53 049 001100 N 050 001100 N 051 001100 N 052 001100 N 053 A001100 Y 053 B001100 Y 053 C001100 N 055 A001100 N 055 B001100 N 056 001100 Y 057 001100 N 058 A001100 N 059 001100 Y 060 A001100 Y 060 B001100 Y 061 001100 1000 062 A001100 N 062 B001100 0.0 062 C001100 0.0 062 D001100 0.0 062 E001100 0.0 062 F001100 0.0 062 G001100 0.0 062 H001100 0.0 062 I001100 0.0 062 J001100 0.0 062 K001100 0.0 062 L001100 0.0 062 M001100 0.0 062 N001100 0.0 062 O001100 0.0 062 P001100 0.0 062 Q001100 0.0 062 R001100 0.0 063 A001100 0 063 B001100 0.0 066 A001100 Y 066 B001100 N 066 C001100 Y 066 D001100 N 066 E001100 N 066 F001100 N 066 G001100 N 067 001100 N 068 A001100 N 068 B001100 N 069 001100 N 070 A011100 Y 070 A021100 N 070 B011100 Y 070 B021100 N PAGE 54 070 C011100 Y 070 C021100 N 070 D011100 Y 070 D021100 N 070 E011100 Y 070 E021100 N 070 F011100 Y 070 F021100 N 070 G011100 Y 070 G021100 N 070 H011100 Y 070 H021100 N 070 I011100 N 070 I021100 N 070 J011100 Y 070 J021100 N 070 K011100 Y 070 K021100 N 070 L011100 Y 070 L021100 N 070 M011100 Y 070 M021100 N 070 N011100 Y 070 N021100 N 070 O011100 Y 070 O021100 N 070 P011100 Y 070 P021100 N 070 Q011100 N 070 Q021100 N 070 R011100 Y 070 R021100 N 071 A001100 14888 071 B001100 18339 071 C001100 36164 071 D001100 41 072 A001100 6 072 B001100 31 072 C001100 39 072 D001100 0 072 E001100 0 072 F001100 189 072 G001100 0 072 H001100 0 072 I001100 2 072 J001100 0 072 K001100 0 072 L001100 23 072 M001100 2 072 N001100 18 072 O001100 0 PAGE 55 072 P001100 0 072 Q001100 0 072 R001100 8 072 S001100 8 072 T001100 6 072 U001100 0 072 V001100 0 072 W001100 9 072 X001100 265 072 Y001100 42 072 Z001100 -153 072AA001100 1568 072BB001100 0 072CC011100 0 072CC021100 3758 072DD011100 0 072DD021100 0 072EE001100 1543 073 A011100 0.0000 073 A021100 0.0000 073 B001100 0.0000 073 C001100 0.0000 074 A001100 0 074 B001100 0 074 C001100 1829 074 D001100 0 074 E001100 0 074 F001100 37713 074 G001100 0 074 H001100 0 074 I001100 0 074 J001100 0 074 K001100 0 074 L001100 7 074 M001100 0 074 N001100 39549 074 O001100 9 074 P001100 26 074 Q001100 0 074 R011100 0 074 R021100 0 074 R031100 0 074 R041100 86 074 S001100 0 074 T001100 39428 074 U011100 0 074 U021100 0 074 V011100 0.00 074 V021100 0.00 074 W001100 0.0000 074 X001100 92 PAGE 56 074 Y001100 0 075 A001100 0 075 B001100 38093 076 001100 0.00 010 A001201 BRINSON ADVISORS, INC 010 C011201 NEWYORK 010 C021201 NY 010 C031201 10019 010 C041201 6114 024 001200 N 025 D001201 0 025 D001202 0 025 D001203 0 025 D001204 0 025 D001205 0 025 D001206 0 025 D001207 0 025 D001208 0 028 A011200 11416 028 A021200 0 028 A031200 0 028 A041200 14975 028 B011200 18525 028 B021200 0 028 B031200 0 028 B041200 15143 028 C011200 3629 028 C021200 0 028 C031200 0 028 C041200 9033 028 D011200 19425 028 D021200 2742 028 D031200 0 028 D041200 39682 028 E011200 10406 028 E021200 368 028 E031200 0 028 E041200 9289 028 F011200 122560 028 F021200 885 028 F031200 0 028 F041200 11455 028 G011200 185961 028 G021200 3995 028 G031200 0 028 G041200 99577 028 H001200 118128 037 001200 N 038 001200 0 039 001200 N 040 001200 Y PAGE 57 041 001200 Y 042 A001200 0 042 B001200 0 042 C001200 0 042 D001200 100 042 E001200 0 042 F001200 0 042 G001200 0 042 H001200 0 043 001200 52 044 001200 0 045 001200 Y 046 001200 N 047 001200 Y 048 001200 0.600 048 A011200 0 048 A021200 0.000 048 B011200 0 048 B021200 0.000 048 C011200 0 048 C021200 0.000 048 D011200 0 048 D021200 0.000 048 E011200 0 048 E021200 0.000 048 F011200 0 048 F021200 0.000 048 G011200 0 048 G021200 0.000 048 H011200 0 048 H021200 0.000 048 I011200 0 048 I021200 0.000 048 J011200 0 048 J021200 0.000 048 K011200 0 048 K021200 0.000 049 001200 N 050 001200 N 051 001200 N 052 001200 N 053 A001200 Y 053 B001200 Y 053 C001200 N 055 A001200 Y 055 B001200 Y 056 001200 Y 057 001200 N 058 A001200 N 059 001200 Y 060 A001200 Y PAGE 58 060 B001200 Y 061 001200 1000 062 A001200 Y 062 B001200 0.0 062 C001200 0.0 062 D001200 0.0 062 E001200 0.0 062 F001200 0.0 062 G001200 0.0 062 H001200 0.0 062 I001200 0.0 062 J001200 0.0 062 K001200 0.0 062 L001200 0.0 062 M001200 0.0 062 N001200 0.0 062 O001200 0.0 062 P001200 95.7 062 Q001200 2.1 062 R001200 2.2 063 A001200 0 063 B001200 3.4 064 A001200 N 064 B001200 N 066 A001200 N 067 001200 N 068 A001200 N 068 B001200 N 069 001200 N 070 A011200 Y 070 A021200 N 070 B011200 Y 070 B021200 N 070 C011200 Y 070 C021200 N 070 D011200 Y 070 D021200 N 070 E011200 Y 070 E021200 N 070 F011200 Y 070 F021200 N 070 G011200 Y 070 G021200 N 070 H011200 Y 070 H021200 N 070 I011200 N 070 I021200 N 070 J011200 Y 070 J021200 Y 070 K011200 Y 070 K021200 N PAGE 59 070 L011200 Y 070 L021200 N 070 M011200 Y 070 M021200 N 070 N011200 Y 070 N021200 N 070 O011200 Y 070 O021200 N 070 P011200 Y 070 P021200 N 070 Q011200 N 070 Q021200 N 070 R011200 Y 070 R021200 N 071 A001200 34519 071 B001200 40708 071 C001200 57437 071 D001200 60 072 A001200 6 072 B001200 3723 072 C001200 0 072 D001200 0 072 E001200 0 072 F001200 193 072 G001200 0 072 H001200 0 072 I001200 2 072 J001200 1 072 K001200 0 072 L001200 21 072 M001200 3 072 N001200 18 072 O001200 0 072 P001200 4 072 Q001200 0 072 R001200 12 072 S001200 12 072 T001200 51 072 U001200 0 072 V001200 0 072 W001200 10 072 X001200 326 072 Y001200 53 072 Z001200 3451 072AA001200 0 072BB001200 13257 072CC011200 8914 072CC021200 0 072DD011200 1230 072DD021200 3990 072EE001200 0 PAGE 60 073 A011200 0.0000 073 A021200 0.0000 073 B001200 0.0000 073 C001200 0.0000 074 A001200 0 074 B001200 0 074 C001200 0 074 D001200 137623 074 E001200 1107 074 F001200 552 074 G001200 0 074 H001200 0 074 I001200 180 074 J001200 1086 074 K001200 0 074 L001200 4393 074 M001200 0 074 N001200 144941 074 O001200 1672 074 P001200 110 074 Q001200 0 074 R011200 0 074 R021200 0 074 R031200 0 074 R041200 2403 074 S001200 0 074 T001200 140756 074 U011200 0 074 U021200 0 074 V011200 0.00 074 V021200 0.00 074 W001200 0.0000 074 X001200 1267 074 Y001200 0 075 A001200 0 075 B001200 78392 076 001200 0.00 010 A001301 BRINSON ADVISORS, INC. 010 C011301 NEWYORK 010 C021301 NY 010 C031301 10019 010 C041301 6114 024 001300 N 025 D001301 0 025 D001302 0 025 D001303 0 025 D001304 0 025 D001305 0 025 D001306 0 025 D001307 0 025 D001308 0 PAGE 61 028 A011300 1527 028 A021300 0 028 A031300 0 028 A041300 998 028 B011300 937 028 B021300 0 028 B031300 0 028 B041300 1012 028 C011300 1027 028 C021300 0 028 C031300 0 028 C041300 1092 028 D011300 1129 028 D021300 0 028 D031300 0 028 D041300 1023 028 E011300 949 028 E021300 0 028 E031300 0 028 E041300 1048 028 F011300 909 028 F021300 0 028 F031300 0 028 F041300 1192 028 G011300 6478 028 G021300 0 028 G031300 0 028 G041300 6365 028 H001300 790 037 001300 N 038 001300 0 039 001300 N 040 001300 Y 041 001300 Y 042 A001300 0 042 B001300 0 042 C001300 0 042 D001300 100 042 E001300 0 042 F001300 0 042 G001300 0 042 H001300 0 043 001300 2 044 001300 0 045 001300 Y 046 001300 N 047 001300 Y 048 001300 1.400 048 A011300 0 048 A021300 0.000 048 B011300 0 PAGE 62 048 B021300 0.000 048 C011300 0 048 C021300 0.000 048 D011300 0 048 D021300 0.000 048 E011300 0 048 E021300 0.000 048 F011300 0 048 F021300 0.000 048 G011300 0 048 G021300 0.000 048 H011300 0 048 H021300 0.000 048 I011300 0 048 I021300 0.000 048 J011300 0 048 J021300 0.000 048 K011300 0 048 K021300 0.000 049 001300 N 050 001300 N 051 001300 N 052 001300 N 053 A001300 Y 053 B001300 Y 053 C001300 N 055 A001300 Y 055 B001300 N 056 001300 Y 057 001300 N 058 A001300 N 059 001300 Y 060 A001300 N 060 B001300 N 061 001300 1000 062 A001300 N 062 B001300 0.0 062 C001300 0.0 062 D001300 0.0 062 E001300 0.0 062 F001300 0.0 062 G001300 0.0 062 H001300 0.0 062 I001300 0.0 062 J001300 0.0 062 K001300 0.0 062 L001300 0.0 062 M001300 0.0 062 N001300 0.0 062 O001300 0.0 062 P001300 0.0 PAGE 63 062 Q001300 0.0 062 R001300 0.0 063 A001300 0 063 B001300 0.0 066 A001300 Y 066 B001300 N 066 C001300 Y 066 D001300 N 066 E001300 N 066 F001300 N 066 G001300 N 067 001300 N 068 A001300 N 068 B001300 N 069 001300 N 070 A011300 Y 070 A021300 N 070 B011300 Y 070 B021300 N 070 C011300 Y 070 C021300 N 070 D011300 Y 070 D021300 N 070 E011300 Y 070 E021300 N 070 F011300 Y 070 F021300 N 070 G011300 Y 070 G021300 N 070 H011300 Y 070 H021300 N 070 I011300 N 070 I021300 N 070 J011300 Y 070 J021300 N 070 K011300 Y 070 K021300 N 070 L011300 Y 070 L021300 Y 070 M011300 Y 070 M021300 Y 070 N011300 Y 070 N021300 N 070 O011300 Y 070 O021300 N 070 P011300 Y 070 P021300 N 070 Q011300 N 070 Q021300 N 070 R011300 Y 070 R021300 N PAGE 64 071 A001300 6310 071 B001300 6232 071 C001300 1350 071 D001300 462 072 A001300 6 072 B001300 1 072 C001300 1 072 D001300 0 072 E001300 0 072 F001300 11 072 G001300 0 072 H001300 0 072 I001300 1 072 J001300 0 072 K001300 0 072 L001300 1 072 M001300 0 072 N001300 16 072 O001300 0 072 P001300 0 072 Q001300 0 072 R001300 9 072 S001300 0 072 T001300 2 072 U001300 0 072 V001300 0 072 W001300 4 072 X001300 44 072 Y001300 28 072 Z001300 -13 072AA001300 0 072BB001300 503 072CC011300 493 072CC021300 0 072DD011300 0 072DD021300 0 072EE001300 0 073 A011300 0.0000 073 A021300 0.0000 073 B001300 0.0000 073 C001300 0.0000 074 A001300 0 074 B001300 0 074 C001300 79 074 D001300 0 074 E001300 0 074 F001300 1643 074 G001300 0 074 H001300 0 074 I001300 0 074 J001300 19 PAGE 65 074 K001300 21 074 L001300 0 074 M001300 19 074 N001300 1781 074 O001300 63 074 P001300 2 074 Q001300 0 074 R011300 0 074 R021300 0 074 R031300 0 074 R041300 39 074 S001300 0 074 T001300 1677 074 U011300 0 074 U021300 0 074 V011300 0.00 074 V021300 0.00 074 W001300 0.0000 074 X001300 36 074 Y001300 0 075 A001300 0 075 B001300 1704 076 001300 0.00 010 A001401 BRINSON ADVISORS, INC. 010 C011401 NEWYORK 010 C021401 NY 010 C031401 10019 010 C041401 6114 024 001400 N 025 D001401 0 025 D001402 0 025 D001403 0 025 D001404 0 025 D001405 0 025 D001406 0 025 D001407 0 025 D001408 0 028 A011400 198 028 A021400 0 028 A031400 0 028 A041400 182 028 B011400 18 028 B021400 0 028 B031400 0 028 B041400 11 028 C011400 11 028 C021400 0 028 C031400 0 028 C041400 15 028 D011400 18 028 D021400 0 PAGE 66 028 D031400 0 028 D041400 57 028 E011400 993 028 E021400 0 028 E031400 0 028 E041400 738 028 F011400 113 028 F021400 0 028 F031400 0 028 F041400 60 028 G011400 1351 028 G021400 0 028 G031400 0 028 G041400 1063 028 H001400 770 037 001400 N 038 001400 0 039 001400 N 040 001400 Y 041 001400 Y 042 A001400 0 042 B001400 0 042 C001400 0 042 D001400 100 042 E001400 0 042 F001400 0 042 G001400 0 042 H001400 0 043 001400 3 044 001400 0 045 001400 Y 046 001400 N 047 001400 Y 048 001400 1.150 048 A011400 0 048 A021400 0.000 048 B011400 0 048 B021400 0.000 048 C011400 0 048 C021400 0.000 048 D011400 0 048 D021400 0.000 048 E011400 0 048 E021400 0.000 048 F011400 0 048 F021400 0.000 048 G011400 0 048 G021400 0.000 048 H011400 0 048 H021400 0.000 048 I011400 0 PAGE 67 048 I021400 0.000 048 J011400 0 048 J021400 0.000 048 K011400 0 048 K021400 0.000 049 001400 N 050 001400 N 051 001400 N 052 001400 N 053 A001400 Y 053 B001400 Y 053 C001400 N 055 A001400 N 055 B001400 N 056 001400 Y 057 001400 N 058 A001400 N 059 001400 Y 060 A001400 N 060 B001400 N 061 001400 1000 062 A001400 N 062 B001400 0.0 062 C001400 0.0 062 D001400 0.0 062 E001400 0.0 062 F001400 0.0 062 G001400 0.0 062 H001400 0.0 062 I001400 0.0 062 J001400 0.0 062 K001400 0.0 062 L001400 0.0 062 M001400 0.0 062 N001400 0.0 062 O001400 0.0 062 P001400 0.0 062 Q001400 0.0 062 R001400 0.0 063 A001400 0 063 B001400 0.0 066 A001400 Y 066 B001400 N 066 C001400 Y 066 D001400 N 066 E001400 N 066 F001400 N 066 G001400 N 067 001400 N 068 A001400 N 068 B001400 N PAGE 68 069 001400 N 070 A011400 Y 070 A021400 N 070 B011400 Y 070 B021400 N 070 C011400 Y 070 C021400 N 070 D011400 Y 070 D021400 N 070 E011400 Y 070 E021400 N 070 F011400 Y 070 F021400 N 070 G011400 Y 070 G021400 N 070 H011400 Y 070 H021400 N 070 I011400 N 070 I021400 N 070 J011400 Y 070 J021400 N 070 K011400 Y 070 K021400 N 070 L011400 Y 070 L021400 Y 070 M011400 Y 070 M021400 Y 070 N011400 Y 070 N021400 N 070 O011400 Y 070 O021400 N 070 P011400 Y 070 P021400 N 070 Q011400 N 070 Q021400 N 070 R011400 Y 070 R021400 N 071 A001400 2263 071 B001400 1927 071 C001400 2594 071 D001400 74 072 A001400 6 072 B001400 1 072 C001400 1 072 D001400 0 072 E001400 0 072 F001400 15 072 G001400 0 072 H001400 0 072 I001400 1 072 J001400 0 PAGE 69 072 K001400 0 072 L001400 0 072 M001400 2 072 N001400 16 072 O001400 0 072 P001400 0 072 Q001400 0 072 R001400 9 072 S001400 0 072 T001400 3 072 U001400 0 072 V001400 0 072 W001400 4 072 X001400 50 072 Y001400 30 072 Z001400 -17 072AA001400 0 072BB001400 278 072CC011400 89 072CC021400 0 072DD011400 0 072DD021400 0 072EE001400 0 073 A011400 0.0000 073 A021400 0.0000 073 B001400 0.0000 073 C001400 0.0000 074 A001400 0 074 B001400 0 074 C001400 45 074 D001400 0 074 E001400 0 074 F001400 2934 074 G001400 0 074 H001400 0 074 I001400 0 074 J001400 35 074 K001400 18 074 L001400 32 074 M001400 0 074 N001400 3064 074 O001400 54 074 P001400 3 074 Q001400 0 074 R011400 0 074 R021400 0 074 R031400 0 074 R041400 18 074 S001400 0 074 T001400 2989 074 U011400 0 PAGE 70 074 U021400 0 074 V011400 0.00 074 V021400 0.00 074 W001400 0.0000 074 X001400 34 074 Y001400 0 075 A001400 0 075 B001400 2804 076 001400 0.00 010 A001501 BRINSON ADVISORS, INC. 010 C011501 NEWYORK 010 C021501 NY 010 C031501 10019 010 C041501 6114 024 001500 N 025 D001501 0 025 D001502 0 025 D001503 0 025 D001504 0 025 D001505 0 025 D001506 0 025 D001507 0 025 D001508 0 028 A011500 0 028 A021500 0 028 A031500 0 028 A041500 0 028 B011500 0 028 B021500 0 028 B031500 0 028 B041500 0 028 C011500 0 028 C021500 0 028 C031500 0 028 C041500 0 028 D011500 0 028 D021500 0 028 D031500 0 028 D041500 0 028 E011500 23 028 E021500 0 028 E031500 0 028 E041500 0 028 F011500 736 028 F021500 0 028 F031500 0 028 F041500 0 028 G011500 759 028 G021500 0 028 G031500 0 028 G041500 0 PAGE 71 028 H001500 0 037 001500 N 038 001500 0 039 001500 N 040 001500 Y 041 001500 Y 042 A001500 0 042 B001500 0 042 C001500 0 042 D001500 0 042 E001500 0 042 F001500 0 042 G001500 0 042 H001500 0 043 001500 0 044 001500 0 045 001500 Y 046 001500 N 047 001500 Y 048 001500 0.700 048 A011500 0 048 A021500 0.000 048 B011500 0 048 B021500 0.000 048 C011500 0 048 C021500 0.000 048 D011500 0 048 D021500 0.000 048 E011500 0 048 E021500 0.000 048 F011500 0 048 F021500 0.000 048 G011500 0 048 G021500 0.000 048 H011500 0 048 H021500 0.000 048 I011500 0 048 I021500 0.000 048 J011500 0 048 J021500 0.000 048 K011500 0 048 K021500 0.000 049 001500 N 050 001500 N 051 001500 N 052 001500 N 053 A001500 Y 053 B001500 Y 053 C001500 N 055 A001500 N 055 B001500 N PAGE 72 056 001500 Y 057 001500 N 058 A001500 N 059 001500 Y 060 A001500 Y 060 B001500 Y 061 001500 1000 062 A001500 N 062 B001500 0.0 062 C001500 0.0 062 D001500 0.0 062 E001500 0.0 062 F001500 0.0 062 G001500 0.0 062 H001500 0.0 062 I001500 0.0 062 J001500 0.0 062 K001500 0.0 062 L001500 0.0 062 M001500 0.0 062 N001500 0.0 062 O001500 0.0 062 P001500 0.0 062 Q001500 0.0 062 R001500 0.0 063 A001500 0 063 B001500 0.0 066 A001500 Y 066 B001500 N 066 C001500 N 066 D001500 N 066 E001500 N 066 F001500 N 066 G001500 Y 067 001500 N 068 A001500 N 068 B001500 N 069 001500 N 071 A001500 1236 071 B001500 578 071 C001500 2979 071 D001500 19 072 A001500 6 072 B001500 0 072 C001500 29 072 D001500 0 072 E001500 0 072 F001500 10 072 G001500 0 072 H001500 0 072 I001500 1 PAGE 73 072 J001500 0 072 K001500 0 072 L001500 0 072 M001500 2 072 N001500 17 072 O001500 0 072 P001500 0 072 Q001500 0 072 R001500 9 072 S001500 1 072 T001500 1 072 U001500 0 072 V001500 0 072 W001500 2 072 X001500 43 072 Y001500 31 072 Z001500 17 072AA001500 0 072BB001500 10 072CC011500 0 072CC021500 10 072DD011500 0 072DD021500 0 072EE001500 0 073 A011500 0.0000 073 A021500 0.0000 073 B001500 0.0000 073 C001500 0.0000 074 A001500 0 074 B001500 0 074 C001500 214 074 D001500 0 074 E001500 0 074 F001500 3618 074 G001500 0 074 H001500 0 074 I001500 0 074 J001500 0 074 K001500 22 074 L001500 5 074 M001500 20 074 N001500 3879 074 O001500 83 074 P001500 2 074 Q001500 0 074 R011500 0 074 R021500 0 074 R031500 0 074 R041500 37 074 S001500 0 074 T001500 3757 PAGE 74 074 U011500 0 074 U021500 0 074 V011500 0.00 074 V021500 0.00 074 W001500 0.0000 074 X001500 6 074 Y001500 0 075 A001500 0 075 B001500 2950 076 001500 0.00 063 A002800 0 063 B002800 0.0 048 003200 0.000 048 A013200 0 048 A023200 0.000 048 B013200 0 048 B023200 0.000 048 C013200 0 048 C023200 0.000 048 D013200 0 048 D023200 0.000 048 E013200 0 048 E023200 0.000 048 F013200 0 048 F023200 0.000 048 G013200 0 048 G023200 0.000 048 H013200 0 048 H023200 0.000 048 I013200 0 048 I023200 0.000 048 J013200 0 048 J023200 0.000 048 K013200 0 048 K023200 0.000 072 I003300 0 072 J003300 0 072 K003300 0 072 L003300 0 072 M003300 0 072 N003300 0 072 O003300 0 072 P003300 0 072 Q003300 0 072 R003300 0 072 S003300 0 072 T003300 0 072 U003300 0 072 V003300 0 072 W003300 0 072 X003300 0 PAGE 75 072 Y003300 0 072 Z003300 0 072AA003300 0 072BB003300 0 072CC013300 0 072CC023300 0 072DD013300 0 072DD023300 0 072EE003300 0 073 A013300 0.0000 073 A023300 0.0000 073 B003300 0.0000 073 C003300 0.0000 075 A003500 0 075 B003500 0 076 003500 0.00 074 O003600 0 074 P003600 0 074 Q003600 0 074 R013600 0 074 R023600 0 074 R033600 0 074 R043600 0 074 S003600 0 074 T003600 0 074 U013600 0 074 U023600 0 074 V013600 0.00 074 V023600 0.00 074 W003600 0.0000 074 X003600 0 074 Y003600 0 075 A003600 0 075 B003600 0 076 003600 0.00 SIGNATURE CAROLYN M. BURKE TITLE TREASURER EX-99.77O RULE 10F-3 2 tenfthree.txt 10F-3'S *Brinson Mutual Funds Rule 10f-3 Transactions - Purchase of Securities by Portfolio From an Underwriting Syndicate in which an Affiliate is a Member TRADE AMOUNT OF PARTICIPATING PRICE AMOUNT PURCHASED % DATE UNDERWRITING OFFER FUNDs PER SHARE PURCHASED FROM UW 04/24/01 Aquila Inc. 17,500,000 Brinson U.S. Small Cap Growth 24.00 5,200 Lehman, Merrill Lynch, 0.030% Saloman Smith Barney, Credit Lyonais, JPMorgan 10/22/01 Principal Financial Group 85,000,000 Brinson Global Equity Fund 18.50 200,000 Goldman Sachs, Citigroup 0.030% Salomon Smith Barney Bear Stearns, UBS Warburg 12/12/01 Prudential Financial Inc. 110,000,000 Brinson Global Equity Fund 27.50 150,000 Goldman Sachs, Prudential 0.030% Merrill Lynch, Lehman Brothers CSFB
All Transactions were completed in accordance with rule 10f-3. All prices in US$ unless otherwise noted. EX-99.77I NEW SECUR 3 exhibiti.txt LEGAL LETTER For period ending December 31, 2001 Exhibit 77I File number 811-6637 As of November 5, 2001, The Brinson Funds began offering Class B and Class C shares. Further information regarding Class B and Class C shares is incorporated herein by reference to the registrant's registration statement on Form N-1A filed with the SEC on October 26, 2001 (Accession Number 0000912057-01-536793; SEC File No. 33-47287). EX-99.77M MERGERS 4 exhibitm.txt LEGAL LETTER For period ending December 31, 2001 Exhibit 77M File number 811-6637 At a Special Meeting of Shareholders convened on November 8, 2001, the shareholders of the PaineWebber High Income Fund approved an Agreement and Plan of Reorganization between Brinson Managed Investments Trust, on behalf of PaineWebber High Income Fund, and The Brinson Funds, on behalf of High Yield Fund. The transaction was consummated on November 23, 2001. Further information regarding the circumstances and details of the transaction is incorporated herein in response to this sub-item by reference to the definitive Combined Proxy Statement and Prospectus of the PaineWebber High Income Fund (a series of PaineWebber Managed Investments Trust) and the High Yield Fund (a series of The Brinson Funds) dated October 8, 2001, filed with the SEC on August 29, 2001 (Accession Number 0000912057- 01-530765; SEC File No. 333-68628.) Brinson Managed Investments Trust has not ceased to be an investment company because it still has one operating series. EX-99.77Q1 OTHR EXHB 5 exhibitq.txt LEGAL LETTER For period ending December 31, 2001 Exhibit 77Q1(g) File number 811-6637 AGREEMENT AND PLAN OF REORGANIZATION AGREEMENT AND PLAN OF REORGANIZATION, made as of this 14th day of September, 2001, by and between The Brinson Funds (the "Trust"), a business trust created under the laws of the State of Delaware, with its principal place of business at 209 South LaSalle Street, Chicago, Illinois 60604-1295, on behalf of its series, the High Yield Fund (the "Brinson Fund"), and Brinson Managed Investments Trust (the "PaineWebber Trust"), a business trust created under the laws of the Commonwealth of Massachusetts, with its principal place of business at 51 West 52nd Street, New York, New York 10019-6114, on behalf of its series, PaineWebber High Income Fund (the "PaineWebber Fund"). PLAN OF REORGANIZATION The reorganization (hereinafter referred to as the "Plan of Reorganization") will consist of (i) the acquisition by the Trust on behalf of the Brinson Fund of substantially all of the property, assets and goodwill of the PaineWebber Fund, in exchange solely for shares of beneficial interest, $0.001 par value, of (a) Brinson High Yield Fund-Class A shares ("Brinson Fund Class A Shares"), (b) Brinson High Yield Fund-Class B shares ("Brinson Fund Class B Shares"), (c) Brinson High Yield Fund-Class C shares ("Brinson Fund Class C Shares"), and (d) Brinson High Yield Fund-Class Y shares ("Brinson Fund Class Y Shares"), and the assumption by the Trust on behalf of the Brinson Fund of all of the liabilities of the PaineWebber Fund; (ii) the distribution of (a) Brinson Fund Class A Shares to the shareholders of Class A shares of the PaineWebber Fund ("PaineWebber Fund Class A Shares"), (b) Brinson Fund Class B Shares to the shareholders of Class B shares of the PaineWebber Fund ("PaineWebber Fund Class B Shares"), (c) Brinson Fund Class C Shares to the shareholders of Class C shares of the PaineWebber Fund ("PaineWebber Fund Class C Shares"), and (d) Brinson Fund Class Y Shares to the shareholders of Class Y shares of the PaineWebber Fund ("PaineWebber Fund Class Y Shares"), according to their respective interests in complete liquidation of the PaineWebber Fund; and (iii) the dissolution of the PaineWebber Fund as soon as practicable after the closing (as referenced in Section 3, hereof, hereinafter called the "Closing"), all upon and subject to the terms and conditions of this Agreement and Plan of Reorganization ("Agreement") hereinafter set forth. AGREEMENT In order to consummate the Plan of Reorganization and in consideration of the premises and of the covenants and agreements hereinafter set forth, and intending to be legally bound, the parties hereto covenant and agree as follows: 1. Sale and Transfer of Assets and Liabilities, Liquidation and Dissolution of the PaineWebber Fund (a) Subject to the terms and conditions of this Agreement, and in reliance on the representations and warranties of the Trust herein contained, and in consideration of the delivery by the Trust of the number of its shares of beneficial interest of the Brinson Fund hereinafter provided, the PaineWebber Trust, on behalf of the PaineWebber Fund, agrees that it will sell, convey, transfer and deliver to the Trust, on behalf of the Brinson Fund, at the Closing provided for in Section 3, all of the liabilities, debts, obligations and duties of any nature, whether accrued, absolute, contingent or otherwise ("Liabilities") and the assets of the PaineWebber Fund as of the close of business (which hereinafter shall be, unless otherwise noted, the regular close of business of the New York Stock Exchange, Inc. ("NYSE")) ("Close of Business") on the valuation date (as defined in Section 3 hereof, hereinafter called the "Valuation Date"), free and clear of all liens, encumbrances, and claims whatsoever (other than shareholders' rights of redemption and such restrictions as might arise under the Securities Act of 1933, as amended (the "1933 Act"), with respect to privately placed or otherwise restricted securities that the PaineWebber Fund may have acquired in the ordinary course of business), except for cash, bank deposits, or cash equivalent securities in an estimated amount necessary (1) to pay the PaineWebber Fund's costs and expenses of carrying out this Agreement (including, but not limited to, fees of counsel and accountants, and expenses of its liquidation and dissolution contemplated hereunder), which costs and expenses shall be established on the books of the PaineWebber Fund as liability reserves, (2) to discharge all of the PaineWebber Fund's Liabilities on its books at the Close of Business on the Valuation Date including, but not limited to, its income dividends and capital gains distributions, if any, payable for any period prior to, and through, the Close of Business on the Valuation Date, and excluding those liabilities and obligations that would otherwise be discharged at a later date in the ordinary course of business, and (3) to pay such contingent liabilities as the trustees of the PaineWebber Trust shall reasonably deem to exist against the PaineWebber Fund, if any, at the Close of Business on the Valuation Date, for which contingent and other appropriate liability reserves shall be established on the books of the PaineWebber Fund (hereinafter "Net Assets"). The PaineWebber Trust, on behalf of the PaineWebber Fund, shall also retain any and all rights that it may have over and against any person that may have accrued up to and including the Close of Business on the Valuation Date. The PaineWebber Trust agrees to use commercially reasonable efforts to identify all of the PaineWebber Fund's Liabilities prior to the Valuation Date and to discharge all such known Liabilities on or prior to the Valuation Date. (b) Subject to the terms and conditions of this Agreement, and in reliance on the representations and warranties of the PaineWebber Trust herein contained, and in consideration of such sale, conveyance, transfer, and delivery, the Trust agrees at the Closing to assume the Liabilities, on behalf of the Brinson Fund, and to deliver to the PaineWebber Fund: (i) the number of Brinson Fund Class A Shares, determined by dividing the net asset value per share of Brinson Fund Class A Shares as of the Close of Business on the Valuation Date by the net asset value per share of PaineWebber Fund Class A Shares as of Close of Business on the Valuation Date, and multiplying the result by the number of outstanding shares of the PaineWebber Fund Class A Shares as of Close of Business on the Valuation Date; (ii) the number of Brinson Fund Class B Shares, determined by dividing the net asset value per share of Brinson Fund Class B Shares as of Close of Business on the Valuation Date by the net asset value per share of PaineWebber Fund Class B Shares as of Close of Business on the Valuation Date, and multiplying the result by the number of outstanding shares of PaineWebber Fund Class B Shares as of Close of Business on the Valuation Date; (iii) the number of Brinson Fund Class C Shares, determined by dividing the net asset value per share of Brinson Fund Class C Shares as of Close of Business on the Valuation Date by the net asset value per share of PaineWebber Fund Class C Shares as of Close of Business on the Valuation Date, and multiplying the result by the number of outstanding shares of PaineWebber Fund Class C Shares as of Close of Business on the Valuation Date; and (iv) the number of Brinson Fund Class Y Shares, determined by dividing the net asset value per share of Brinson Fund Class Y Shares as of Close of Business on the Valuation Date by the net asset value per share of PaineWebber Fund Class Y Shares as of Close of Business on the Valuation Date, and multiplying the result by the number of outstanding shares of PaineWebber Fund Class Y Shares as of Close of Business on the Valuation Date. All such values shall be determined in the manner and as of the time set forth in Section 2 hereof. (c) As soon as practicable following the Closing, the PaineWebber Fund shall dissolve and distribute pro rata to its shareholders of record as of the Close of Business on the Valuation Date, the shares of beneficial interest of the Brinson Fund received by the PaineWebber Fund pursuant to this Section 1. Such dissolution and distribution shall be accomplished by the establishment of accounts on the share records of the Brinson Fund of the type and in the amounts due such shareholders pursuant to this Section 1 based on their respective holdings of shares of the PaineWebber Fund as of the Close of Business on the Valuation Date. Fractional shares of beneficial interest of the Brinson Fund shall be carried to the third decimal place. No certificates representing shares of beneficial interest of the Brinson Fund will be issued to shareholders of the PaineWebber Fund. (d) At the Closing, each shareholder of record of the PaineWebber Fund as of the record date (the "Distribution Record Date") with respect to any unpaid dividends and other distributions that were declared prior to the Closing, including any dividend or distribution declared pursuant to Section 9(e) hereof, shall have the right to receive such unpaid dividends and distributions with respect to the shares of the PaineWebber Fund that such person had on such Distribution Record Date. 2. Valuation (a) The value of the PaineWebber Fund's Net Assets to be acquired by the Brinson Fund hereunder shall be computed as of the Close of Business on the Valuation Date using the valuation procedures set forth in the PaineWebber Fund's currently effective prospectus and statement of additional information. (b) The net asset value of a share of beneficial interest of the Brinson Fund Class A Shares, the Brinson Fund Class B Shares, the Brinson Fund Class C Shares and the Brinson Fund Class Y Shares shall be determined to the nearest full cent as of the Close of Business on the Valuation Date, using the valuation procedures set forth in the Brinson Fund's currently effective prospectus and statement of additional information. (c) The net asset value of a share of beneficial interest of the PaineWebber Fund Class A Shares, PaineWebber Fund Class B Shares, PaineWebber Fund Class C Shares, and PaineWebber Fund Class Y Shares shall be determined to the nearest full cent as of the Close of Business on the Valuation Date, using the valuation procedures as set forth in the PaineWebber Fund's currently effective prospectus and statement of additional information. 3. Closing and Valuation Date The Valuation Date shall be November 16, 2001, or such later date as the parties may mutually agree. The Closing shall take place at the principal office of Brinson Advisors, Inc., 51 West 52nd Street, New York, New York 10019-6114, at approximately 10:00 a.m. Eastern time on the first business day following the Valuation Date. Notwithstanding anything herein to the contrary, in the event that on the Valuation Date (a) the NYSE shall be closed to trading or trading thereon shall be restricted, or (b) trading or the reporting of trading on such exchange or elsewhere shall be disrupted so that, in the judgment of the Trust or PaineWebber Trust, accurate appraisal of the value of the net assets of the PaineWebber Fund or the Brinson Fund is impracticable, the Valuation Date shall be postponed until the first business day after the day when trading shall have been fully resumed without restriction or disruption, reporting shall have been restored and accurate appraisal of the value of the net assets of the PaineWebber Fund and the Brinson Fund is practicable in the judgment of the Trust and PaineWebber Trust. The PaineWebber Trust shall have provided for delivery as of the Closing of those Net Assets of the PaineWebber Fund to be transferred to the Brinson Fund's custodian, The Chase Manhattan Bank, 4 Chase Metrotech Center, Brooklyn, New York 11245. Also, the PaineWebber Trust shall deliver at the Closing a list of names and addresses of the shareholders of record of PaineWebber Fund Class A Shares, PaineWebber Fund Class B Shares, PaineWebber Fund Class C Shares and PaineWebber Fund Class Y Shares, and the number of shares of beneficial interest of such classes owned by each such shareholder, indicating thereon which such shares are represented by outstanding certificates and which by book-entry accounts, all as of the Close of Business on the Valuation Date, certified by its transfer agent, or by its President or Vice President to the best of their knowledge and belief. The Trust shall issue and deliver a certificate or certificates evidencing the shares of the Brinson Fund to be delivered at the Closing to said transfer agent registered in such manner as the PaineWebber Trust may request, or provide evidence satisfactory to the PaineWebber Trust that such shares of beneficial interest of the Brinson Fund have been registered in an open account on the books of the Brinson Fund in such manner as the PaineWebber Trust may request. 4. Representations and Warranties by the PaineWebber Trust The PaineWebber Trust represents and warrants to the Trust that: (a) The PaineWebber Trust is a business trust created under the laws of the Commonwealth of Massachusetts on November 21, 1986, and is validly existing and in good standing under the laws of that Commonwealth. The PaineWebber Trust, of which the PaineWebber Fund is a diversified separate series, is duly registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. Such registration is in full force and effect as of the date hereof and will be in full force and effect as of the Closing and all of its shares sold have been sold pursuant to an effective registration statement filed under the 1933 Act, except for any shares sold pursuant to the private offering exemption for the purpose of raising the required initial capital. (b) The PaineWebber Trust is authorized to issue an unlimited number of shares of beneficial interest of the PaineWebber Fund, $0.001 par value. Each outstanding share of the PaineWebber Fund is duly and validly issued, fully paid, non-assessable and has full voting rights and, except for any such shares sold pursuant to the private offering exemption for purposes of raising the required initial capital, is fully transferable. (c) The financial statements appearing in the PaineWebber Fund Annual Report to Shareholders for the fiscal year ended November 30, 2000, audited by Ernst & Young, LLP, copies of which have been delivered to the Trust, fairly present the financial position of the PaineWebber Fund as of the date indicated, and the results of its operations for the period indicated, in conformity with generally accepted accounting principles applied on a consistent basis. (d) The books and records of the PaineWebber Fund made available to the Trust and/or its counsel are true and correct in all material respects and contain no material omissions with respect to the business and operations of the PaineWebber Fund. (e) The statement of assets and liabilities to be furnished by the PaineWebber Trust as of the Close of Business on the Valuation Date for the purpose of determining the number of shares of beneficial interest of the Brinson Fund to be issued pursuant to Section 1 hereof will accurately reflect the Net Assets of the PaineWebber Fund and outstanding shares of beneficial interest, as of such date, in conformity with generally accepted accounting principles applied on a consistent basis. (f) At the Closing, it will have good and marketable title to all of the securities and other assets shown on the statement of assets and liabilities referred to in subsection (e) above, free and clear of all liens or encumbrances of any nature whatsoever except such restrictions as might arise under the 1933 Act with respect to privately placed or otherwise restricted securities that it may have acquired in the ordinary course of business and such imperfections of title or encumbrances as do not materially detract from the value or use of the assets subject thereto, or materially affect title thereto. (g) The PaineWebber Trust has the necessary power and authority to conduct its business and the business of the PaineWebber Fund as such businesses are now being conducted. (h) The PaineWebber Trust is not a party to or obligated under any provision of its Amended and Restated Declaration of Trust, Restated By-laws, or any material contract or any other material commitment or obligation, and is not subject to any order or decree that would be violated by its execution of or performance under this Agreement and Plan of Reorganization. (i) The PaineWebber Trust has full power and authority to enter into and perform its obligations under this Agreement, subject to approval of the Plan of Reorganization by the PaineWebber Fund's shareholders. Except as provided in the immediately preceding sentence, the execution, delivery and performance of this Agreement have been duly and validly authorized, executed and delivered by it, and this Agreement constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms, subject as to enforcement to the effect of bankruptcy, insolvency, reorganization, arrangement among creditors, moratorium, fraudulent transfer or conveyance, and other similar laws of general applicability relating to or affecting creditor's rights and to general equity principles. (j) Neither the PaineWebber Trust nor the PaineWebber Fund is under the jurisdiction of a Court in a Title 11 or similar case within the meaning of Section 368(a)(3)(A) of the Internal Revenue Code of 1986, as amended (the "Code"). (k) The PaineWebber Trust does not have any unamortized or unpaid organizational fees or expenses that are allocable to the PaineWebber Fund. (l) The PaineWebber Fund has since its inception satisfied, will at the Closing satisfy, and consummation of the transactions contemplated by this Agreement will not cause it to fail to satisfy, for any period, the requirements of Subchapter M of the Code relating to qualification as a regulated investment company. (m) The PaineWebber Trust, or its agents, (i) holds a valid Form W-8BEN, Certificate of Foreign Status of Beneficial Owner for United States Withholding (or other appropriate series of Form W-8, as the case may be), or Form W-9, Request for Taxpayer Identification Number and Certification, for each PaineWebber Fund shareholder of record, which Form W-8 or Form W-9 can be associated with reportable payments made by the PaineWebber Fund to such shareholder, and/or (ii) has otherwise timely instituted the appropriate backup withholding procedures with respect to such shareholder as provided by Section 3406 of the Code. 5. Representations and Warranties by the Trust The Trust represents and warrants to the PaineWebber Trust that: (a) The Trust is a business trust created under the laws of the State of Delaware on December 1, 1993, and is validly existing and in good standing under the laws of that State. The Trust, of which the Brinson Fund is a diversified separate series of shares, is duly registered under the 1940 Act, as an open-end management investment company, such registration is in full force and effect as of the date hereof or will be in full force and effect as of the Closing and all of its shares sold have been sold pursuant to an effective registration statement filed under the 1933 Act, except for any shares sold pursuant to the private offering exemption for the purpose of raising the required initial capital. (b) The Trust is authorized to issue an unlimited number of shares of beneficial interest, $0.001 par value, of the Brinson Fund. Each outstanding share of the Brinson Fund is fully paid, non-assessable and has full voting rights and, except for any shares sold pursuant to the private offering exemption for purposes of raising the required initial capital, is fully transferable. The shares of beneficial interest of the Brinson Fund to be issued pursuant to Section 1 hereof will, upon their issuance, be duly and validly issued and fully paid and non-assessable, fully transferable and have full voting rights. (c) At the Closing, each class of shares of beneficial interest of the Brinson Fund to be issued pursuant to this Agreement will be eligible for offering to the public in those states of the United States and jurisdictions in which the corresponding class of shares of the PaineWebber Fund are presently eligible for offering to the public, and there are an unlimited number of shares registered under the 1933 Act such that there is a sufficient number of such shares to permit the transfers contemplated by this Agreement to be consummated. (d) The statement of assets and liabilities of the Brinson Fund to be furnished by the Trust as of the Close of Business on the Valuation Date for the purpose of determining the number of shares of beneficial interest of the Brinson Fund to be issued pursuant to Section 1 hereof will accurately reflect the net assets of the Brinson Fund and outstanding shares of beneficial interest, as of such date, in conformity with generally accepted accounting principles applied on a consistent basis. (e) At the Closing, the Trust will have good and marketable title to all of the securities and other assets shown on the statement of assets and liabilities referred to in subsection (d) above, free and clear of all liens or encumbrances of any nature whatsoever, except such restrictions as might arise under the 1933 Act with respect to privately placed or otherwise restricted securities that it may have acquired in the ordinary course of business and such imperfections of title or encumbrances as do not materially detract from the value or use of the assets subject thereto, or materially affect title thereto. (f) The Trust has the necessary power and authority to conduct its business and the business of the Brinson Fund as such businesses are now being conducted. (g) The Trust is not a party to or obligated under any provision of its Agreement and Declaration of Trust, By-laws, or any material contract or any other material commitment or obligation, and is not subject to any order or decree that would be violated by its execution of or performance under this Agreement. (h) The Trust has full power and authority to enter into and perform its obligations under this Agreement. The execution, delivery and performance of this Agreement have been duly and validly authorized, executed and delivered by it, and this Agreement constitutes its legal, valid and binding obligation enforceable against it in accordance with its terms, subject to enforcement to the effect of bankruptcy, insolvency, reorganization, arrangements among creditors, moratorium, fraudulent transfer or conveyance, and other similar laws of general applicability relating to or affecting creditors rights and to general equity principles. (i) Neither the Trust nor the Brinson Fund is under the jurisdiction of a Court in a Title 11 or similar case within the meaning of Section 368(a)(3)(A) of the Code. (j) The books and records of the Brinson Fund made available to the PaineWebber Trust and/or its counsel are true and correct in all material respects and contain no material omissions with respect to the business and operations of the Brinson Fund. (k) The Brinson Fund has since its inception satisfied, will at the Closing satisfy, and consummation of the transactions contemplated by this Agreement will not cause it to fail to satisfy, for any period, the requirements of Subchapter M of the Code relating to qualification as a regulated investment company. 6. Representations and Warranties by the PaineWebber Trust and the Trust The PaineWebber Trust and the Trust each represents and warrants to the other that: (a) There are no legal, administrative or other proceedings or investigations against it, or, to its knowledge, threatened against it, that would materially affect its financial condition or its ability to consummate the transactions contemplated by this Agreement. It is not charged with, or to its knowledge, threatened with, any violation or investigation of any possible violation of any provisions of any federal, state or local law or regulation or administrative ruling relating to any aspect of its business. (b) There are no known actual or proposed deficiency assessments with respect to any taxes payable by it. (c) It has duly and timely filed, on behalf of the PaineWebber Fund or the Brinson Fund, as appropriate, all Tax (as defined below) returns and reports (including information returns), which are required to be filed by such PaineWebber Fund or Brinson Fund, and all such returns and reports accurately state the amount of Tax owed for the periods covered by the returns, or, in the case of information returns, the amount and character of income required to be reported by such PaineWebber Fund or Brinson Fund. On behalf of the PaineWebber Fund or the Brinson Fund, as appropriate, it has paid or made provision and properly accounted for all Taxes (as defined below) due or properly shown to be due on such returns and reports. The amounts set up as provisions for Taxes in the books and records of the PaineWebber Fund or Brinson Fund, as appropriate, as of the Close of Business on the Valuation Date will, to the extent required by generally accepted accounting principles, be sufficient for the payment of all Taxes of any kind, whether accrued, due, absolute, contingent or otherwise, which were or which may be payable by the PaineWebber Fund or Brinson Fund, as appropriate, for any periods or fiscal years prior to and including the Close of Business on the Valuation Date, including all Taxes imposed before or after the Close of Business on the Valuation Date that are attributable to any such period or fiscal year. No return filed by it, on behalf of the PaineWebber Fund or Brinson Fund, as appropriate, is currently being audited by the Internal Revenue Service or by any state or local taxing authority. As used in this Agreement, "Tax" or "Taxes" means all federal, state, local and foreign (whether imposed by a country or political subdivision or authority thereunder) income, gross receipts, excise, sales, use, value added, employment, franchise, profits, property, ad valorem or other taxes, stamp taxes and duties, fees, assessments or charges, whether payable directly or by withholding, together with any interest and any penalties, additions to tax or additional amounts imposed by any taxing authority (foreign or domestic) with respect thereto. To its knowledge, there are no levies, liens or encumbrances relating to Taxes existing, threatened or pending with respect to the assets of the PaineWebber Fund or Brinson Fund, as appropriate. (d) All information provided to the PaineWebber Trust by the Trust, and by the PaineWebber Trust to the Trust, for inclusion in, or transmittal with, the Combined Proxy Statement and Prospectus with respect to this Agreement pursuant to which approval of the PaineWebber Fund shareholders will be sought, shall not contain any untrue statement of a material fact, or omit to state a material fact required to be stated in order to make the statements made therein, in light of the circumstances under which they were made, not misleading. (e) Except in the case of the PaineWebber Trust with respect to the approval of the PaineWebber Fund's shareholders of the Agreement, no consent, approval, authorization or order of any court or governmental authority, or of any other person or entity, is required for the consummation of the transactions contemplated by this Agreement, except as may be required by the 1933 Act, the Securities Exchange Act of 1934, as amended (the "1934 Act"), the 1940 Act, or state securities laws or Delaware or Massachusetts business trust laws (including, in the case of each of the foregoing, the rules and regulations thereunder). 7. Covenants of the PaineWebber Trust (a) The PaineWebber Trust covenants to operate the business of the PaineWebber Fund as presently conducted between the date hereof and the Closing. (b) The PaineWebber Trust undertakes that the PaineWebber Fund will not acquire the shares of beneficial interest of the Brinson Fund for the purpose of making distributions thereof other than to the PaineWebber Fund's shareholders. (c) The PaineWebber Trust covenants that by the Closing, all of the PaineWebber Fund's federal and other Tax returns and reports required by law to be filed on or before such date shall have been filed and all federal and other Taxes shown as due on said returns shall have either been paid or adequate liability reserves shall have been provided for the payment of such Taxes. (d) The PaineWebber Trust will at the Closing provide the Trust with a copy of the shareholder ledger accounts, including, without limitation, the name, address and taxpayer identification number of each shareholder of record, the number of shares held by each shareholder, the dividend reinvestment elections applicable to each shareholder, and the backup withholding and nonresident alien withholding certifications, notices or records on file with the PaineWebber Trust with respect to each shareholder, for all shareholders of record of the PaineWebber Fund shares as of the Close of Business on the Valuation Date, who are to become shareholders of the Brinson Fund as a result of the transfer of assets that is the subject of this Agreement, certified by its transfer agent or its President or its Vice President to the best of their knowledge and belief. (e) The PaineWebber Trust agrees to mail to each shareholder of record entitled to vote at the meeting of shareholders at which action on this Agreement is to be considered, in sufficient time to comply with requirements as to notice thereof, a Combined Proxy Statement and Prospectus that complies in all material respects with the applicable provisions of Section 14(a) of the 1934 Act, and Section 20(a) of the 1940 Act, and the rules and regulations, respectively, thereunder. (f) The PaineWebber Trust shall supply to the Trust, at the Closing, the statement of the assets and liabilities described in Section 4(e) of this Agreement in conformity with the requirements described in such Section. 8. Covenants of the Trust (a) The Trust covenants that the shares of beneficial interest of the Brinson Fund to be issued and delivered to the PaineWebber Fund pursuant to the terms of Section 1 hereof shall have been duly authorized as of the Closing and, when so issued and delivered, shall be registered under the 1933 Act, duly and validly issued, and fully paid and non-assessable, and no shareholder of the Brinson Fund shall have any statutory or contractual preemptive right of subscription or purchase in respect thereof. (b) The Trust covenants to operate the business of the Brinson Fund as presently conducted between the date hereof and the Closing. (c) The Trust covenants that by the Closing, all of the Brinson Fund's federal and other tax returns and reports required by law to be filed on or before such date shall have been filed and all federal and other taxes shown as due on said returns shall have either been paid or adequate liability reserves shall have been provided for the payment of such taxes. (d) The Trust shall supply to the PaineWebber Trust, at the Closing, the statement of assets and liabilities described in Section 5(d) of this Agreement in conformity with the requirements described in such Section. (e) The Trust will file with the United States Securities and Exchange Commission (the "Commission") a Registration Statement on Form N-14 under the 1933 Act ("Registration Statement"), relating to the shares of beneficial interest of the Brinson Fund issuable hereunder, and will use its best efforts to provide that such Registration Statement becomes effective as promptly as practicable. At the time such Registration Statement becomes effective, it (i) will comply in all material respects with the applicable provisions of the 1933 Act, the 1934 Act and the 1940 Act, and the rules and regulations promulgated thereunder; and (ii) will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. At the time the Registration Statement becomes effective, at the time of the PaineWebber Fund's shareholders' meeting, and at the Closing, the prospectus and statement of additional information included in the Registration Statement will not contain an untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading. 9. Conditions Precedent to be Fulfilled by the PaineWebber Trust and the Trust The obligations of the PaineWebber Trust and the Trust to effectuate this Agreement and the Plan of Reorganization hereunder shall be subject to the following respective conditions: (a) That (1) all the representations and warranties of the other party contained herein shall be true and correct in all material respects as of the Closing with the same effect as though made as of and at such date; (2) the other party shall have performed all obligations required by this Agreement to be performed by it at or prior to the Closing; and (3) the other party shall have delivered to such party a certificate signed by the President or Vice President and by the Secretary or equivalent officer to the foregoing effect. (b) That the other party shall have delivered to such party a copy of the resolutions approving this Agreement adopted by the other party's Board of Trustees, certified by the Secretary or equivalent officer. (c) That the Commission shall not have issued an unfavorable advisory report under Section 25(b) of the 1940 Act, nor instituted nor threatened to institute any proceeding seeking to enjoin the consummation of the reorganization contemplated hereby under Section 25(c) of the 1940 Act, and no other legal, administrative or other proceeding shall be instituted or threatened that would materially and adversely affect the financial condition of either party or would prohibit the transactions contemplated hereby. (d) That this Agreement and the Plan of Reorganization and the transactions contemplated hereby shall have been approved by the appropriate action of the shareholders of the PaineWebber Fund at an annual or special meeting or any adjournment thereof. (e) That the PaineWebber Fund shall have declared a distribution or distributions prior to the Valuation Date that, together with all previous distributions, shall have the effect of distributing to its shareholders (i) all of its ordinary income and all of its capital gain net income, if any, for the period from the close of its last fiscal year to the Close of Business on the Valuation Date, and (ii) any undistributed ordinary income and capital gain net income from any prior period. Capital gain net income has the meaning given such term by Section 1222(9) of the Code. (f) That prior to or at the Closing, the PaineWebber Trust and the Trust shall receive an opinion from Stradley, Ronon, Stevens & Young, LLP ("Stradley Ronon") to the effect that, provided the acquisition contemplated hereby is carried out in accordance with this Agreement, the laws of the State of Delaware and the Commonwealth of Massachusetts, and in accordance with customary representations provided by the PaineWebber Trust and the Trust in certificates delivered to Stradley Ronon: (1) The acquisition by the Brinson Fund of substantially all of the assets and the assumption of the liabilities of the PaineWebber Fund in exchange solely for the Brinson Fund shares to be issued pursuant to Section 1 hereof, followed by the distribution by the PaineWebber Fund to its shareholders of the Brinson Fund shares in complete liquidation of the PaineWebber Fund, will qualify as a reorganization within the meaning of Section 368(a)(1) of the Code, and the Brinson Fund and the PaineWebber Fund will each be a "party to the reorganization" within the meaning of Section 368(b) of the Code; (2) No gain or loss will be recognized by the PaineWebber Fund upon the transfer of substantially all of its assets to and the assumption of the liabilities by the Brinson Fund in exchange solely for the voting shares of the Brinson Fund (to be issued in accordance with Section 1 hereof) under Section 361(a) and Section 357(a) of the Code; (3) No gain or loss will be recognized by the Brinson Fund upon the receipt by it of substantially all of the assets and the assumption of the liabilities of the PaineWebber Fund in exchange solely for the voting shares of the Brinson Fund (to be issued in accordance with Section 1 hereof) under Section 1032(a) of the Code; (4) No gain or loss will be recognized by the PaineWebber Fund upon the distribution of the Brinson Fund shares to the PaineWebber Fund shareholders in accordance with Section 1 hereof in liquidation of the PaineWebber Fund under Section 361(c)(1) of the Code; (5) The basis of the assets of the PaineWebber Fund received by the Brinson Fund will be the same as the basis of such assets to the PaineWebber Fund immediately prior to the exchange under Section 362(b) of the Code; (6) The holding period of the assets of the PaineWebber Fund received by the Brinson Fund will include the period during which such assets were held by the PaineWebber Fund under Section 1223(2) of the Code; (7) No gain or loss will be recognized by the shareholders of the PaineWebber Fund upon the exchange of their shares in the PaineWebber Fund for the voting shares (including fractional shares to which they may be entitled) of the Brinson Fund (to be issued in accordance with Section 1 hereof) under Section 354(a) of the Code; (8) The basis of the Brinson Fund shares received by the PaineWebber Fund shareholders in accordance with Section 1 hereof (including fractional shares to which they may be entitled) will be the same as the basis of the shares of the PaineWebber Fund exchanged therefor under Section 358(a)(1) of the Code; (9) The holding period of the Brinson Fund shares received by the PaineWebber Fund's shareholders in accordance with Section 1 hereof (including fractional shares to which they may be entitled) will include the holding period of the PaineWebber Fund's shares surrendered in exchange therefor, provided that the PaineWebber Fund shares were held as a capital asset on the date of the Reorganization under Section 1223(l) of the Code; and (10) The Brinson Fund will succeed to and take into account as of the date of the transfer (as defined in Section 1.381(b)-1(b) of the regulations issued by the United States Treasury (the "Treasury Regulations")) the items of the PaineWebber Fund described in Section 381(c) of the Code, subject to the conditions and limitations specified in Sections 381, 382, 383 and 384 of the Code, and the Treasury Regulations. (g) That the Trust shall have received an opinion in form and substance reasonably satisfactory to it from Kirkpatrick & Lockhart, LLP ("Kirkpatrick & Lockhart"), counsel to the PaineWebber Trust, to the effect that, subject in all respects to the effects of bankruptcy, insolvency, arrangement among creditors, moratorium, fraudulent transfer or conveyance, and other similar laws of general applicability relating to or affecting creditor's rights and to general equity principles: (1) The PaineWebber Trust was created as a business trust under the laws of the Commonwealth of Massachusetts on November 21, 1986, and is validly existing and in good standing under the laws of the Commonwealth of Massachusetts; (2) The PaineWebber Trust is authorized to issue an unlimited number of shares of beneficial interest, $0.001 par value, of the PaineWebber Trust and of the PaineWebber Fund. Assuming that the initial shares of beneficial interest of the PaineWebber Fund were issued in accordance with the 1940 Act, and the Amended and Restated Declaration of Trust and Revised By-laws of the PaineWebber Trust, and that all other such outstanding shares of the PaineWebber Fund were sold, issued and paid for in accordance with the terms of the PaineWebber Fund prospectus in effect at the time of such sales, each such outstanding share is duly and validly issued, fully paid, non-assessable, and except for any shares sold pursuant to the private offering exemption for purposes of raising the required initial capital, is fully transferable and has full voting rights; (3) The PaineWebber Trust is an open-end investment company of the management type registered as such under the 1940 Act; (4) Except as disclosed in the PaineWebber Fund's currently effective prospectus, such counsel does not know of any material suit, action, or legal or administrative proceeding pending or threatened against the PaineWebber Trust, the unfavorable outcome of which would materially and adversely affect the PaineWebber Trust or the PaineWebber Fund; (5) To such counsel's knowledge, no consent, approval, authorization or order of any court, governmental authority or agency is required for the consummation by the PaineWebber Trust of the transactions contemplated by this Agreement, except such as have been obtained under the 1933 Act, the 1934 Act, the 1940 Act, and Massachusetts laws (including, in the case of each of the foregoing, the rules and regulations thereunder) and such as may be required under state securities laws; (6) Neither the execution, delivery nor performance of this Agreement by the PaineWebber Trust violates any provision of its Amended and Restated Declaration of Trust, its Revised By-laws, or the provisions of any agreement or other instrument, known to such counsel to which the PaineWebber Trust is a party or by which the PaineWebber Trust is otherwise bound; and (7) This Agreement has been duly and validly authorized, executed and delivered by the PaineWebber Trust and represents the legal, valid and binding obligation of the PaineWebber Trust and is enforceable against the PaineWebber Trust in accordance with its terms. In giving the opinions set forth above, Kirkpatrick & Lockhart may state that it is relying on certificates of the officers of the PaineWebber Trust with regard to matters of fact and certain certifications and written statements of governmental officials with respect to the good standing of the PaineWebber Trust. (h) That the PaineWebber Trust shall have received an opinion in form and substance reasonably satisfactory to it from Stradley Ronon, counsel to the Trust, to the effect that, subject in all respects to the effects of bankruptcy, insolvency, arrangement among creditors, moratorium, fraudulent transfer or conveyance, and other similar laws of general applicability relating to or affecting creditor's rights and to general equity principles: (1) The Trust was created as a business trust under the laws of the State of Delaware on December 1, 1993, and is validly existing and in good standing under the laws of the State of Delaware; (2) The Trust is authorized to issue an unlimited number of shares of beneficial interest, $0.001 par value. Assuming that the initial shares of beneficial interest of the Brinson Fund were issued in accordance with the 1940 Act and the Trust's Agreement and Declaration of Trust and By-laws, and that all other such outstanding shares of the Brinson Fund were sold, issued and paid for in accordance with the terms of the Brinson Fund's prospectus in effect at the time of such sales, each such outstanding share is duly and validly issued, fully paid, non-assessable, freely transferable and has full voting rights; (3) The Trust is an open-end investment company of the management type registered as such under the 1940 Act; (4) Except as disclosed in the Brinson Fund's currently effective prospectus, such counsel does not know of any material suit, action, or legal or administrative proceeding pending or threatened against the Trust, the unfavorable outcome of which would materially and adversely affect the Trust or the Brinson Fund; (5) The shares of beneficial interest of the Brinson Fund to be issued pursuant to the terms of Section 1 hereof have been duly authorized and, when issued and delivered as provided in this Agreement, will have been duly and validly issued and fully paid and will be non-assessable by the Trust or the Brinson Fund, and to such counsel's knowledge, no shareholder has any preemptive right to subscription or purchase in respect thereof; (6) To such counsel's knowledge, no consent, approval, authorization or order of any court, governmental authority or agency is required for the consummation by the Trust of the transactions contemplated by this Agreement, except such as have been obtained under the 1933 Act, the 1934 Act, the 1940 Act, and Delaware laws (including, in the case of each of the foregoing, the rules and regulations thereunder and such as may be required under state securities laws); (7) Neither the execution, delivery nor performance of this Agreement by the Trust violates any provision of its Agreement and Declaration of Trust, its By-laws, or the provisions of any agreement or other instrument, known to such counsel to which the Trust is a party or by which the Trust is otherwise bound; and (8) This Agreement has been duly and validly authorized, executed and delivered by the Trust and represents the legal, valid and binding obligation of the Trust and is enforceable against the Trust in accordance with its terms. In giving the opinions set forth above, Stradley Ronon may state that it is relying on certificates of the officers of the Trust with regard to matters of fact and certain certifications and written statements of governmental officials with respect to the good standing of the Trust. (i) That the Trust's Registration Statement with respect to the shares of beneficial interest of the Brinson Fund to be delivered to the PaineWebber Fund's shareholders in accordance with Section 1 hereof shall have become effective, and no stop order suspending the effectiveness of the Registration Statement or any amendment or supplement thereto, shall have been issued prior to the Closing or shall be in effect at the Closing, and no proceedings for the issuance of such an order shall be pending or threatened on that date. (j) That the shares of beneficial interest of the Brinson Fund to be delivered in accordance with Section 1 hereof shall be eligible for sale by the Trust with each state commission or agency with which such eligibility is required in order to permit the shares lawfully to be delivered to each PaineWebber Fund shareholder. (k) That at the Closing, the PaineWebber Trust, on behalf of the PaineWebber Fund, transfers to the Brinson Fund aggregate Net Assets of the PaineWebber Fund comprising at least 90% in fair market value of the total net assets and 70% in fair market value of the total gross assets recorded on the books of the PaineWebber Fund at the Close of Business on the Valuation Date. 10. Brokerage Fees and Expenses; Other Agreements (a) The PaineWebber Trust and the Trust each represents and warrants to the other that there are no broker or finders' fees payable by it in connection with the transaction provided for herein. (b) The expenses of entering into and carrying out the provisions of this Agreement, whether or not consummated, shall be borne by Brinson Advisors, Inc. (c) Any other provision of this Agreement to the contrary notwithstanding, any liability of the PaineWebber Trust under this Agreement with respect to any series of the PaineWebber Trust, or in connection with the transactions contemplated herein with respect to any series of the PaineWebber Trust, shall be discharged only out of the assets of that series of the PaineWebber Trust, and no other series of the PaineWebber Trust shall be liable with respect thereto. (d) Any other provision of this Agreement to the contrary notwithstanding, any liability of the Trust under this Agreement with respect to any series of the Trust, or in connection with the transactions contemplated herein with respect to any series of the Trust, shall be discharged only out of the assets of that series of the Trust, and no other series of the Trust shall be liable with respect thereto. 11. Indemnification by the PaineWebber Trust and the PaineWebber Fund The PaineWebber Trust and the PaineWebber Fund hereby agree to indemnify and hold the Trust and the Brinson Fund and each of them harmless from all loss, liability and expense (including reasonable counsel fees and expenses in connection with the contest of any claim) which the Trust or the Brinson Fund may incur or sustain by reason of the fact that (i) the Trust or the Brinson Fund shall be required to pay any obligation of the PaineWebber Trust or the PaineWebber Fund, whether consisting of Tax deficiencies or otherwise, based upon a claim or claims against the PaineWebber Trust or the PaineWebber Fund which were omitted or not fully reflected in the financial statements to be delivered to the Trust in connection with the Closing; (ii) any representations or warranties made by the PaineWebber Trust in Sections 4 or 6 hereof should prove to be false or erroneous in any material respect; (iii) any covenant has been breached in any material respect; or (iv) any claim is made alleging that (a) the Combined Proxy Statement and Prospectus delivered to the shareholders of the PaineWebber Fund in connection with this transaction, or (b) the Registration Statement on Form N-14 of which such Combined Proxy Statement and Prospectus forms a part, included any untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, except insofar as such claim is based on written information furnished to the PaineWebber Trust by the Trust, its investment adviser or distributor. 12. Indemnification by the Trust and the Brinson Fund The Trust and the Brinson Fund hereby agree to indemnify and hold the Trustees of the PaineWebber Trust and the PaineWebber Fund harmless from all loss, liability and expenses (including reasonable counsel fees and expenses in connection with the contest of any claim) which the PaineWebber Trust or the PaineWebber Fund may incur or sustain by reason of the fact that (i) any representations or warranties made by the Trust in Sections 5 or 6 hereof should prove false or erroneous in any material respect; (ii) any covenant has been breached by the Trust or the Brinson Fund in any material respect; or (iii) any claim is made alleging that (a) the Combined Proxy Statement and Prospectus delivered to the shareholders of the PaineWebber Fund in connection with this transaction or (b) the Registration Statement on Form N-14 of which such Combined Proxy Statement and Prospectus forms a part, included any untrue statement of a material fact or omitted to state a material fact necessary to make the statements therein, in light of the circumstances under which they were made, not misleading, except insofar as such claim is based on written information furnished to the Trust by the PaineWebber Trust, its investment adviser or distributor. 13. Notice of Claim of Indemnification In the event that any claim is made against the Trust or the Brinson Fund in respect of which indemnity may be sought by the Trust or the Brinson Fund from the PaineWebber Trust, the PaineWebber Fund or the shareholders of the PaineWebber Fund under Section 11 of this Agreement, or, in the event that any claim is made against the PaineWebber Trust or the PaineWebber Fund in respect of which indemnity may be sought by the PaineWebber Trust or the PaineWebber Fund from the Trust or the Brinson Fund under Section 12 of this Agreement, the party seeking indemnification (the "Indemnified Party") shall, with reasonable promptness and before payment of such claim, give written notice of such claim to the other party (the "Indemnifying Party"). If no objection as to the validity of the claim is made in writing to the Indemnified Party by the Indemnifying Party within thirty (30) days after giving notice hereunder, then, the Indemnified Party may pay such claim and shall be entitled to reimbursement therefor, pursuant to this Agreement. If, prior to the termination of such thirty-day period, objection in writing as to the validity of such claim is made to the Indemnified Party, the Indemnified Party shall withhold payment thereof until the validity of the claim is established (i) to the satisfaction of the Indemnifying Party; or (ii) by a final determination of a court of competent jurisdiction, whereupon the Indemnified Party may pay such claim and shall be entitled to reimbursement thereof, pursuant to this Agreement and Plan of Reorganization; or (iii) with respect to any Tax claims, within seven (7) calendar days following the earlier of (A) an agreement between the PaineWebber Trust and the Trust that an indemnity amount is payable, (B) an assessment of a Tax by a taxing authority, or (C) a "determination" as defined in Section 1313(a) of the Code. For purposes of this Section 13, the term "assessment" shall have the same meaning as used in Chapter 63 of the Code and Treasury Regulations thereunder, or any comparable provision under the laws of the appropriate taxing authority. In the event of any objection by the Indemnifying Party, the Indemnifying Party shall promptly investigate the claim, and if it is not satisfied with the validity thereof, the Indemnifying Party shall conduct the defense against such claim. All costs and expenses incurred by the Indemnifying Party in connection with such investigation and defense of such claim shall be borne by it. These indemnification provisions are in addition to, and not in limitation of, any other rights the parties may have under applicable law. 14. Termination; Waiver; Order (a) Anything contained in this Agreement to the contrary notwithstanding, this Agreement may be terminated and the Plan of Reorganization abandoned at any time (whether before or after adoption thereof by the shareholders of the PaineWebber Fund) prior to the Closing as follows: (1) by mutual consent of the PaineWebber Trust and the Trust in writing; (2) by the Trust if any condition precedent to its obligations set forth in Section 9 has not been fulfilled or waived by the Trust in writing; or (3) by the PaineWebber Trust if any condition precedent to its obligations set forth in Section 9 has not been fulfilled or waived by the PaineWebber Trust in writing. (b) If the transactions contemplated by this Agreement have not been consummated by December 31, 2001, this Agreement shall automatically terminate on that date, unless a later date is agreed to in writing by both the PaineWebber Trust and the Trust. (c) In the event of termination of this Agreement pursuant to the provisions hereof, the same shall become void and have no further effect, and there shall not be any liability on the part of either the PaineWebber Trust or the Trust or persons who are their trustees, officers, agents or shareholders in respect of this Agreement. (d) At any time prior to the Closing, any of the terms or conditions of this Agreement may be waived by either the PaineWebber Trust or the Trust, respectively (whichever is entitled to the benefit thereof). (e) The respective representations, warranties and covenants contained in Sections 4-8 hereof shall expire with, and be terminated by, the consummation of the Plan of Reorganization. (f) If any order or orders of the Commission with respect to this Agreement shall be issued prior to the Closing and shall impose any terms or conditions that are determined by action of the Board of Trustees of the PaineWebber Trust or the Board of Trustees of the Trust to be acceptable, such terms and conditions shall be binding as if a part of this Agreement without further vote or approval of the shareholders of the PaineWebber Fund, unless such further vote is required by applicable law, or by mutual consent of the parties. 15. Final Tax Returns and Forms 1099 of the PaineWebber Fund (a) After the Closing, the PaineWebber Trust shall or shall cause its agents to prepare any federal, state or local Tax returns, including any Forms 1099, required to be filed by the PaineWebber Trust with respect to the PaineWebber Fund's final taxable year ending with its complete liquidation and for any prior periods or taxable years and shall further cause such Tax returns and Forms 1099 to be duly filed with the appropriate taxing authorities. (b) Notwithstanding the provisions of Section 1 hereof, any expenses incurred by the PaineWebber Trust or the PaineWebber Fund (other than for payment of Taxes) in connection with the preparation and filing of said Tax returns and Forms 1099 after the Closing, shall be borne by the PaineWebber Fund to the extent such expenses have been or should have been accrued by the PaineWebber Fund in the ordinary course without regard to the Plan of Reorganization contemplated by this Agreement. 16. Cooperation and Exchange of Information The Trust and the PaineWebber Trust will provide each other and their respective representatives with such cooperation and information as either of them reasonably may request of the other in filing any Tax returns, amended return or claim for refund, determining a liability for Taxes or a right to a refund of Taxes or participating in or conducting any audit or other proceeding in respect of Taxes. Each party or their respective agents will retain for a period of six (6) years following the Closing all returns, schedules and work papers and all material records or other documents relating to Tax matters of the PaineWebber Fund and Brinson Fund for its taxable period first ending after the Closing and for all prior taxable periods. 17. Entire Agreement and Amendments This Agreement embodies the entire Agreement between the parties and there are no agreements, understandings, restrictions, or warranties between the parties other than those set forth herein or herein provided for. This Agreement may be amended only by mutual consent of the parties in writing. Neither this Agreement nor any interest herein may be assigned without the prior written consent of the other party. 18. Counterparts This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts together shall constitute but one instrument. 19. Notices Any notice, report, or demand required or permitted by any provision of this Agreement shall be in writing and shall be deemed to have been given if delivered or mailed, first class postage prepaid, addressed to the Trust at 209 South LaSalle Street, Chicago, Illinois 60604- 1295, Attention: Secretary, or to the PaineWebber Trust at 51 West 52nd Street, New York, New York 10019-6114, Attention: Secretary. 20. Governing Law This Agreement shall be governed by and carried out in accordance with the laws of the State of Delaware. 21. Effect of Facsimile Signature A facsimile signature of an authorized officer of a party hereto on this Agreement and/or any transfer document shall have the same effect as if executed in the original by such officer. IN WITNESS WHEREOF, the Trust and PaineWebber Trust have each caused this Agreement and Plan of Reorganization to be executed on its behalf by its duly authorized officers, all as of the day and year first-above written. THE BRINSON FUNDS, ON BEHALF OF THE HIGH YIELD FUND Attest: Paul H. Schubert /s/ Amy R. Doberman By: Paul H. Schubert By: Amy R. Doberman Title: Treasurer and Principal Title: Vice President and Secretary Accounting Officer BRINSON MANAGED INVESTMENTS TRUST, ON BEHALF OF THE PAINEWEBBER HIGH INCOME FUND Attest: /s/ Paul H. Schubert Amy R. Doberman By: Paul H. Schubert By: Amy R. Doberman Title: Vice President and Treasurer Title: Vice President and Secretary -----END PRIVACY-ENHANCED MESSAGE-----