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Stradley Ronon Stevens & Young, LLP
2005 Market Street, Suite 2600
Philadelphia, PA 19103
Telephone 215.564.8000
Fax 215.564.8120
www.stradley.com
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Re:
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The UBS Funds (File Nos. 033-47287; 811-06637) UBS Relationship
Funds (File No. 811-09036) and SMA Relationship Trust (File Nos. 333-
104218 and 811-21328 )(each, a "Trust" and together, the "Trusts")
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Very truly yours,
/s/Jana L. Cresswell
Jana L. Cresswell
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