-----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, I9Jnnyd9IBHmKkUcmnZYBucfN2JTKW65Z/+xsV3EVgaie8VW03sGQ1Eq2Zlf6mpu 6fEr5Bl+R5euyRbNT7Hcrw== 0001137439-02-000044.txt : 20021107 0001137439-02-000044.hdr.sgml : 20021107 20021107143755 ACCESSION NUMBER: 0001137439-02-000044 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20021107 EFFECTIVENESS DATE: 20021107 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: 02812417 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 ubs49711702.htm Supplement to Prospectus dated September 30, 2002 

                                  THE UBS FUNDS

                Supplement to Prospectus dated September 30, 2002


                                                                November 7, 2002


Dear Investor,

     The following text replaces the data for the 1-year performance of the U.S.
Equity Composite that appears on page 90 of the Prospectus.

- --------- ----------------- ----------------- ------------------ --------------------------
Year      Net Return(%)(1)  Net Return(%)(2)  Gross Return(%)    Benchmark Return (%)(3)
- --------- ----------------- ----------------- ------------------ --------------------------
- --------- ----------------- ----------------- ------------------ --------------------------
1 year    -18.76%           -14.03%           -13.12%            -22.07%
- --------- ----------------- ----------------- ------------------ --------------------------


     (1)  Adjusted  to reflect  Class A Shares'  current  net  expenses  and the
          maximum front-end sales charge.

     (2)  Adjusted  to reflect  Class A Shares'  current  net  expenses  but not
          adjusted to reflect the maximum front-end sales charge.

     (3)  The benchmark is the Wilshire 5000 Index. The Wilshire 5000 Index is a
          broad-based,  market  capitalization  weighted index that includes all
          U.S.  common  stocks.  It is  designed  to  provide  a  representative
          indication  of the  capitalization  and  return  for the  U.S.  equity
          market.

                                                                 Item No. ZS-162
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