-----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, GzM9T7JOPUSBXG82hh9VPiE6phhTZTIqolTTiUVl1VemuV3rFqAK+CslblEGpyFz AaoLXXCl4ItEEJNJZh/DDA== 0001118378-04-000006.txt : 20040105 0001118378-04-000006.hdr.sgml : 20040105 20040105171113 ACCESSION NUMBER: 0001118378-04-000006 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040105 EFFECTIVENESS DATE: 20040105 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UBS FUNDS CENTRAL INDEX KEY: 0000886244 IRS NUMBER: 367056204 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-47287 FILM NUMBER: 04506137 BUSINESS ADDRESS: STREET 1: 209 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60604-1795 BUSINESS PHONE: 8001482430 MAIL ADDRESS: STREET 1: 209 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60604-1795 FORMER COMPANY: FORMER CONFORMED NAME: BRINSON FUNDS INC DATE OF NAME CHANGE: 19920929 497 1 ubsfundssai4971504.htm The UBS Funds SAI Supplement as filed 1-5-04 
                                  THE UBS FUNDS

                Supplement to Statement of Additional Information
                             dated October 28, 2003


                                                                 January 5, 2004


Dear Investor,


     The purpose of this  supplement to the Statement of Additional  Information
("SAI") is to notify you of changes in the  management  of UBS High Yield  Fund,
UBS U.S. Large Cap Growth Fund, UBS U.S. Small Cap Growth Fund and UBS U.S. Real
Estate Equity Fund (the  "Funds").  The  Investment  Advisor to the Funds is UBS
Global Asset Management (Americas) Inc., an indirect, wholly owned subsidiary of
UBS AG ("UBS"),  and a member of the UBS Global Asset  Management  Division (the
"Advisor").  Prior to December 31, 2003, the Advisor employed its affiliate, UBS
Global Asset  Management  (New York) Inc. to serve as  sub-advisor  to the Funds
(the "Sub-Advisor"). The Sub-Advisor was also a subsidiary of UBS.

     Effective December 31, 2003, the Sub-Advisor  merged with the Advisor,  and
the  Advisor  is  now  solely   responsible  for  managing  the  investment  and
reinvestment of the Funds' portfolios.

     Accordingly,  all  references to the  Sub-Advisor in the SAI are deleted or
replaced with the Advisor, as appropriate.


                                                               --Item No. ZS-231
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