485BXT 1 ubsfundsbxt.htm

As filed with the U.S. Securities and Exchange Commission on September 11, 2008
File No. 033-47287
File No. 811-06637

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [X]
Pre-Effective Amendment No. __ [ ]
Post-Effective Amendment No. 59 [X]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]
Amendment No. 60 [X]

(Check appropriate box or boxes.)

THE UBS FUNDS
(Exact Name of Registrant as Specified in Charter)
One North Wacker, Chicago, Illinois 60606
(Address of Principal Executive Office) (Zip Code)
Registrant's Telephone Number, including Area Code 312-525-7100

Mark F. Kemper
UBS Global Asset Management (US) Inc.
51 West 52nd Street
New York, NY 10019-6114
(Name and Address of Agent for Service)

Please send copies of all communications to:

Bruce G. Leto, Esq.
Stradley, Ronon, Stevens &amp; Young, LLP
2600 One Commerce Square
Philadelphia, PA 19103
(215) 564-8027

It is proposed that this filing will become effective (check appropriate box):

___ immediately upon filing pursuant to paragraph (b)
_X_ on October 15, 2008 pursuant to paragraph (b)
___ 60 days after filing pursuant to paragraph (a)(1)
___ on [Date] pursuant to paragraph (a)(1)
___ 75 days after filing pursuant to paragraph (a)(2)
___ on [Date] pursuant to paragraph (a)(2) of Rule 485

If appropriate, check the following box:

_X_ This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.

This Post-Effective Amendment only relates to all of the share classes of the
UBS Tax Free Short-Intermediate Bond Fund.

EXPLANATORY NOTE

Pursuant to Rule 485(b)(1)(iii) of the Securities Act of 1933, as amended, this
Post-Effective Amendment Nos. 59/60 to the Registration Statement for The UBS
Funds (the "Registrant") is being filed solely for the purpose of delaying the
effectiveness of Post-Effective Amendment Nos. 58/59 ("PEA 58/59"), which was
filed with the U.S. Securities and Exchange Commission via the EDGAR system
pursuant to Rule 485(a)(2) on July 2, 2008 (Accession Number
0001386893-08-000031) relating solely to all of the share classes of the UBS Tax
Free Short-Intermediate Bond Fund (the "Fund").

Accordingly, the prospectus and statement of additional information of the Fund
as filed on Form N-1A (Nos. 33-47287 and 811-6637) in PEA 58/59, are
incorporated herein by reference in their entirety into this filing. As stated
on the cover page to this filing, this Post-Effective Amendment No. 59/60 is
intended to become effective on October 15, 2008.

THE UBS FUNDS

PART C

OTHER INFORMATION

ITEM 23. EXHIBITS

(a) Articles of Incorporation.

(1) Certificate of Trust of the Registrant dated August 9, 1993, as filed
with the Office of the Secretary of State of the State of Delaware on
August 13, 1993, is incorporated herein by reference to Post-Effective
Amendment No. 21 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-6637) as filed electronically with the U.S.
Securities and Exchange Commission (the "SEC") on September 15, 1998.

(i) Amendment to Certificate of Trust dated February 15, 2002
changing the Trust's name to The UBS Funds, is incorporated
herein by reference to Post-Effective Amendment No. 39 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287
and 811-6637) as filed electronically with the SEC on September
30, 2002.

(2) Amended and Restated Agreement and Declaration of Trust (the
"Declaration") effective as of September 28, 2004, as amended March 8,
2007, is incorporated herein by reference to Post Effective Amendment
No. 55 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-06637) as filed electronically with the SEC on April
10, 2007.

(b) By-Laws.

(1) By-Laws of The UBS Funds (f/k/a The Brinson Funds) dated August 9,
1993, are incorporated herein by reference to Post-Effective Amendment
No. 17 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-6637) as filed electronically with the SEC on August
29, 1996.

(i) Amendment to the By-Laws dated July 1, 2002 is incorporated
herein by reference to Post-Effective Amendment No. 37 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287
and 811-6637) as filed electronically with the SEC on July 19,
2002.

(1) Form of Specimen Share Certificate of The UBS Funds is incorporated
herein by reference to Post-Effective Amendment No. 21 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as
filed electronically with the SEC on September 15, 1998.

(2) The rights of security holders of the Registrant are further defined
in the following sections of the Registrant's By-Laws and Declaration
and are herein incorporated by reference to such documents as
applicable:

(i) By-Laws.

Article II - "Meeting of Shareholders."

(ii) Declaration.

Article III - "Shares" and Article V - "Shareholders' Voting Powers
and Meetings."

(d) Investment Advisory Contracts.

(1) Investment Advisory Agreement dated July 1, 2002 between UBS Global
Asset Management (Americas) Inc. (the "Advisor") and the Registrant on
behalf of the UBS Global Allocation Fund is incorporated herein by
reference to Post-Effective Amendment No. 39 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as
filed electronically with the SEC on September 30, 2002.

(i) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS Global Allocation Fund is incorporated herein
by reference to Post-Effective Amendment No. 43 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637)
as filed electronically with the SEC on October 28, 2004.

(2) Investment Advisory Agreement dated July 1, 2002 between the Advisor
and the Registrant on behalf of the UBS Global Bond Fund is
incorporated herein by reference to Post-Effective Amendment No. 39 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on September 30, 2002.

(i) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS Global Bond Fund is incorporated herein by
reference to Post-Effective Amendment No. 43 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637)
as filed electronically with the SEC on October 28, 2004.

(3) Investment Advisory Agreement dated April 25, 1995 between the Advisor
and the Registrant on behalf of the UBS International Equity Fund
(f/k/a Global (Ex-U.S.) Equity Fund and Brinson Non-U.S. Equity Fund)
is incorporated herein by reference to Post-Effective Amendment No. 21
to Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on September 15, 1998.

(i) Certificate of the Secretary and resolutions redesignating the
Global (Ex-U.S.) Equity Fund as the International Equity Fund are
incorporated herein by reference to Post-Effective Amendment No.
33 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-6637) as filed electronically with the SEC on
December 7, 2000.

(ii) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated April 25, 1995 between the Advisor and the Registrant on
behalf of the UBS International Equity Fund is incorporated
herein by reference to Post-Effective Amendment No. 43 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287
and 811-6637) as filed electronically with the SEC on October 28,
2004.

(4) Amended Investment Advisory Agreement dated July 1, 2002, as amended
July 1, 2003 and January 1, 2004, between the Advisor and the
Registrant on behalf of the UBS Global Equity Fund is incorporated
herein by reference to Post-Effective Amendment No. 43 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as
filed electronically with the SEC on October 28, 2004.

(5) Investment Advisory Agreement dated July 1, 2002 between the Advisor
and the Registrant on behalf of the UBS U.S. Large Cap Equity Fund
(f/k/a UBS U.S. Equity Fund) is incorporated herein by reference to
Post-Effective Amendment No. 39 to Registrant's Registration Statement
on Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically with
the SEC on September 30, 2002.

(i) Amendment dated February 17, 2004 to Investment Advisory
Agreement dated July 1, 2002 between the Advisor and the
Registrant on behalf of the UBS U.S. Large Cap Equity Fund (f/k/a
UBS U.S. Equity Fund) is incorporated herein by reference to
Post-Effective Amendment No. 43 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed
electronically with the SEC on October 28, 2004.

(ii) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS U.S. Large Cap Equity Fund (f/k/a UBS U.S.
Equity Fund) is incorporated herein by reference to
Post-Effective Amendment No. 43 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed
electronically with the SEC on October 28, 2004.

(6) Investment Advisory Agreement dated July 1, 2002 between the Advisor
and the Registrant on behalf of the UBS U.S. Bond Fund is incorporated
herein by reference to Post-Effective Amendment No. 39 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as
filed electronically with the SEC on September 30, 2002.

(i) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS U.S. Bond Fund is incorporated herein by
reference to Post-Effective Amendment No. 43 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637)
as filed electronically with the SEC on October 28, 2004.

(7) Investment Advisory Agreement dated July 1, 2002 between the Advisor
and the Registrant on behalf of the UBS U.S. Large Cap Growth Fund is
incorporated herein by reference to Post-Effective Amendment No. 39 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on September 30, 2002.

(i) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS U.S. Large Cap Growth Fund is incorporated
herein by reference to Post-Effective Amendment No. 43 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287
and 811-6637) as filed electronically with the SEC on October 28,
2004.

(8) Investment Advisory Agreement dated July 1, 2002 between the Advisor
and the Registrant on behalf of the UBS U.S. Small Cap Growth Fund is
incorporated herein by reference to Post-Effective Amendment No. 39 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on September 30, 2002.

(i) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS U.S. Small Cap Growth Fund is incorporated
herein by reference to Post-Effective Amendment No. 43 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287
and 811-6637) as filed electronically with the SEC on October 28,
2004.

(9) Investment Advisory Agreement dated July 1, 2002 between the Advisor
and the Registrant on behalf of the UBS High Yield Fund is
incorporated herein by reference to Post-Effective Amendment No. 39 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on September 30, 2002.

(i) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS High Yield Fund is incorporated herein by
reference to Post-Effective Amendment No. 43 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637)
as filed electronically with the SEC on October 28, 2004.

(10) Investment Advisory Agreement dated December 10, 1998 between the
Advisor and the Registrant on behalf of the UBS Emerging Markets
Equity Fund is incorporated herein by reference to Post-Effective
Amendment No. 25 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-6637) as filed electronically with the SEC on
March 1, 1999.

(i) Form of Certificate of the Secretary and resolutions restating
the Investment Advisory Agreement of the UBS Emerging Markets
Equity Fund are incorporated herein by reference to
Post-Effective Amendment No. 34 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed
electronically with the SEC on July 31, 2001.

(11) Investment Advisory Agreement dated December 10, 1998 between the
Advisor and the Registrant on behalf of the UBS Emerging Markets Debt
Fund is incorporated herein by reference to Post-Effective Amendment
No. 25 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-6637) as filed electronically with the SEC on March
l, 1999.

(i) Form of Certificate of the Secretary and resolutions restating
the Investment Advisory Agreement of the UBS Emerging Markets
Debt Fund is incorporated herein by reference to Post-Effective
Amendment No. 34 to Registrant's Registration Statement on Form
N-1A (Nos. 33-47287 and 811-6637) as filed electronically with
the SEC on July 31, 2001.

(12) Investment Advisory Agreement dated May 23, 2000 between the Advisor
and the Registrant on behalf of the UBS U.S. Small Cap Equity Fund is
incorporated herein by reference to Post-Effective Amendment No. 31 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on August 29, 2000.

(i) Form of Certificate of the Secretary and resolutions restating
the Investment Advisory Agreement of the UBS U.S. Small Cap
Equity Fund are incorporated herein by reference to
Post-Effective Amendment No. 34 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed
electronically with the SEC on July 31, 2001.

(13) Investment Advisory Agreement dated July l, 2002 between the Advisor
and the Registrant on behalf of the UBS U.S. Large Cap Value Equity
Fund (f/k/a UBS U.S. Value Equity Fund) is incorporated herein by
reference to Post-Effective Amendment No. 39 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as
filed electronically with the SEC September 30, 2002.

(i) Amendment dated February 17, 2004 to Investment Advisory
Agreement dated July 1, 2002 between the Advisor and the
Registrant on behalf of the UBS U.S. Large Cap Value Equity Fund
(f/k/a UBS U.S. Value Equity Fund) is incorporated herein by
reference to Post-Effective Amendment No. 43 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637)
as filed electronically with the SEC on October 28, 2004.

(ii) Amendment dated July 1, 2004 to Investment Advisory Agreement
dated July 1, 2002 between the Advisor and the Registrant on
behalf of the UBS U.S. Large Cap Value Equity Fund (f/k/a UBS
U.S. Value Equity Fund) is incorporated herein by reference to
Post-Effective Amendment No. 43 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed
electronically with the SEC on October 28, 2004.

(14) Investment Advisory Agreement dated December 7, 2000 between the
Advisor and the Registrant on behalf of the UBS U.S. Real Estate
Equity Fund is incorporated herein by reference to Post-Effective
Amendment No. 34 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-6637) as filed electronically with the SEC on
July 31, 2001.

(i) Form of Certificate of the Secretary and resolutions restating
the Investment Advisory Agreement of the UBS U.S. Real Estate
Equity Fund is incorporated herein by reference to Post-Effective
Amendment No. 34 to Registrant's Registration Statement on Form
N-1A (Nos. 33-47287 and 811-6637) as filed electronically with
the SEC on July 31, 2001.

(15) Form of Investment Advisory Agreement between the Advisor and the
Registrant on behalf of the UBS Dynamic Alpha Fund is incorporated
herein by reference to Post-Effective Amendment No. 42 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as
filed electronically with the SEC on October 13, 2004.

(i) Form of Amendment Number One to Investment Advisory Agreement
between the Advisor and the Registrant on behalf of the UBS
Dynamic Alpha Fund is incorporated herein by reference to
Post-Effective Amendment No. 57 to Registrant's Registration
Statement on Form N-1A (Nos.33-47287 and 811-6637) as filed
electronically with the SEC on October 26, 2007.

(16) Form of Investment Advisory Agreement between the Advisor and the
Registrant on behalf of the UBS Absolute Return Bond Fund is
incorporated herein by reference to Post-Effective Amendment No. 44 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on December 21, 2004.

(17) Investment Advisory Agreement dated March 27, 2006 between the Advisor
and the Registrant on behalf of the UBS U.S. Mid Cap Growth Equity
Fund is incorporated herein by reference to Post-Effective Amendment
No. 51 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-06637) as filed electronically with the SEC on March
27, 2006.

(18) Form of Investment Advisory Agreement dated August 14, 2006 between
the Advisor and the Registrant on behalf of the UBS U.S. Equity Alpha
Fund is incorporated herein by reference to Post Effective Amendment
No. 55 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-06637) as filed electronically with the SEC on April
10, 2007.

(19) Form of Investment Advisory Agreement between the Advisor and the
Registrant on behalf of the UBS Global Frontier Fund is incorporated
herein by reference to Post-Effective Amendment No. 56 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-06637) as
filed electronically with the SEC on June 22, 2007.

(20) Form of Investment Advisory Agreement between the Advisor and the
Registrant on behalf of the UBS Tax Free Short-Intermediate Bond Fund
is incorporated herein by reference to Post-Effective Amendment No. 58
to Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-06637) as filed electronically with the SEC on July 2, 2008.

(e) Underwriting Contracts.

(1) Principal Underwriting Contract, dated November 5, 2001, between UBS
Global Asset Management (US) Inc. (f/k/a Brinson Advisors, Inc.) and
the Registrant is incorporated herein by reference to Post-Effective
Amendment No. 37 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-6637) as filed electronically with the SEC on
July 19, 2002.

(f) Bonus or Profit Sharing Contracts.

Not Applicable.

(g) Custodian Agreements.

(1) Custodial arrangements are provided under the Multiple Services
Agreement dated May 9, 1997, as amended, between Morgan Stanley Trust
Company and succeeded by JPMorgan Chase Bank (f/k/a The Chase
Manhattan Bank), and the Registrant on behalf of each series of the
Registrant is incorporated herein by reference to Post-Effective
Amendment No. 25 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-6637) as filed electronically with the SEC on
March 1, 1999.

(i) Amendment dated May 9, 2000 relating to Fee Obligation and
Continuation of the Registrant's Multiple Services Agreement is
incorporated herein by reference to Post-Effective Amendment No.
31 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-6637) as filed electronically with the SEC on
August 29, 2000.

(ii) Amendment dated May 21, 2001 relating to the Appointment of
Brinson Advisors, Inc. to serve as administrator to the Trust is
incorporated herein by reference to Post-Effective Amendment No.
39 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-6637) as filed electronically with the SEC on
September 30, 2002.

(iii) Amended Attachment A (approved borrowers) to the Registrant's
Multiple Services Agreement is incorporated herein by reference
to Post effective Amendment No. 54 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637), as filed
electronically with the SEC on October 27, 2006.

(iv) Revised Schedule B3 (authorized signatories) to the Registrant's
Multiple Services Agreement is incorporated herein by reference
to Post effective Amendment No. 54 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637), as filed
electronically with the SEC on October 27, 2006.

(v) Amended Schedule B1 and Schedule F to the Registrant's Multiple
Services Agreement is incorporated herein by reference to Post
effective Amendment No. 54 to Registrant's Registration Statement
on Form N-1A (Nos. 33-47287 and 811-6637), as filed
electronically with the SEC on October 27, 2006.

(vi) Revised Schedule A to the Registrant's Multiple Services
Agreement is incorporated herein by reference to Post effective
Amendment No. 53 to Registrant's Registration Statement on Form
N-1A (Nos. 33-47287 and 811-6637), as filed electronically with
the SEC on August 14, 2006.

(vii) Amendment dated as of April 1, 2007 to the Securities Lending
Authorization Amendment to the Multiple Services Agreement is
incorporated herein by reference to Post-Effective Amendment No.
56 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-06637) as filed electronically with the SEC on
June 22, 2007.

(h) Other Material Contracts.

(1) Form of Administration Contract, dated April 1, 2006, between UBS
Global Asset Management (Americas) Inc. and the Registrant is
incorporated herein by reference to Post-Effective Amendment No. 51 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on March 27, 2006.

(i) Amendment to Exhibit A, dated June 24, 2007, to Administration
Contract is incorporated herein by reference to Post-Effective
Amendment No. 56 to Registrant's Registration Statement on Form
N-1A (Nos. 33-47287 and 811-06637) as filed electronically with
the SEC on June 22, 2007.

(ii) Form of Amendment to Exhibit A to Administration Contract is
incorporated herein by reference to Post-Effective Amendment No.
58 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-06637) as filed electronically with the SEC on
July 2, 2008.

(2) Transfer Agency and Related Services Agreement, dated August 20, 2001,
between PFPC Inc. and the Registrant is incorporated herein by
reference to Post-Effective Amendment No. 37 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-6637) as
filed electronically with the SEC on July 19, 2002.

(i) Amendment to Exhibit B to the Transfer Agency and Related
Services Agreement, approved August 19, 2003, between PFPC Inc.
and the Registrant is incorporated herein by reference to
Post-Effective Amendment No. 40 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-6637) as filed
electronically with the SEC on October 28, 2003.

(ii) Amendment to Exhibit A, dated June 24, 2007, to the Transfer
Agency and Related Services Agreement is incorporated herein by
reference to Post-Effective Amendment No. 56 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-06637)
as filed electronically with the SEC on June 22, 2007.

(i) Legal Opinion.

(1) Legal Opinion of Stradley, Ronon, Stevens & Young, LLP is incorporated
herein by reference to Post-Effective Amendment No. 56 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-06637) as
filed electronically with the SEC on June 22, 2007.

(j) Other Opinions.

(1) Consent of Ernst & Young LLP, Independent Registered Public Accounting
Firm, is incorporated herein by reference to Post-Effective Amendment
No.57 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-6637) as filed electronically with the SEC on
December 26, 2007.

(2) (a) Powers of Attorney appointing Mark F. Kemper, Keith A. Weller,
Joseph J. Allessie, Mary Capasso, Michael Calhoun, Stephen Fleischer,
Eric Sanders, Tammie Lee, Bruce G. Leto, Mark A. Sheehan and Jana L.
Cresswell attorneys-in-fact and agents to Frank K. Reilly, Walter E.
Auch, Edward M. Roob, Adela Cepeda and J. Mikesell Thomas are
incorporated herein by reference to Post-Effective Amendment No. 48 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on December 20, 2005.

(b) Powers of Attorney appointing Mark F. Kemper, Keith A. Weller, Joseph
J. Allessie, Mary Capasso, Michael Calhoun, Stephen Fleischer, Eric
Sanders, Tammie Lee, Bruce G. Leto, Mark A. Sheehan and Jana L.
Cresswell attorneys-in-fact and agents to Thomas Disbrow and Kai
Sotorp are incorporated herein by reference to Post-Effective
Amendment No. 54 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-6637) as filed electronically with the SEC on
October 27, 2006.

(k) Omitted Financial Statements.

Not Applicable.

(l) Initial Capital Agreements.

(1) Letter of Understanding Relating to Initial Capital, dated July 1,
1992, is incorporated herein by reference to Post-Effective Amendment
No. 21 to Registrant's Registration Statement on Form N-1A (Nos.
33-47287 and 811-6637) as filed electronically with the SEC on
September 15, 1998.

(m) Rule 12b-1 Plan.

(1) Form of Shareholder Services Plan, dated October 29, 2001, as revised
March 9, 2007, relating to Class A shares of each series of the
Registrant is incorporated herein by reference to Post-Effective
Amendment No. 56 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-06637) as filed electronically with the SEC on
June 22, 2007.

(2) Form of Rule 12b-1 Plan relating to the Class B shares of each series
of the Registrant is incorporated herein by reference to
Post-Effective Amendment No. 43 to Registrant's Registration Statement
on Form N-1A (Nos. 33-47287 and 811-6637) as filed electronically with
the SEC on October 28, 2004.

(3) Form of Rule 12b-1 Plan, dated October 29, 2001, as revised March 9,
2007, relating to the Class C shares of each series of the Registrant
is incorporated herein by reference to Post-Effective Amendment No. 56
to Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-06637) as filed electronically with the SEC on June 22, 2007.

(i) Addendum to Rule 12b-1 Plan relating to the Class C shares of
each series of the Registrant is incorporated herein by reference
to Post Effective Amendment No. 55 to Registrant's Registration
Statement on Form N-1A (Nos. 33-47287 and 811-06637) as filed
electronically with the SEC on April 10, 2007.

(ii) Form of Addendum to Rule 12b-1 Plan relating to the Class C
shares of each series of the Registrant is incorporated herein by
reference to Post-Effective Amendment No. 58 to Registrant's
Registration Statement on Form N-1A (Nos. 33-47287 and 811-06637)
as filed electronically with the SEC on July 2, 2008.

(4) Shareholder Services Plan relating to Class A shares on behalf of the
UBS Absolute Return Bond Fund is incorporated herein by reference to
Post Effective Amendment No. 55 to Registrant's Registration Statement
on Form N-1A (Nos. 33-47287 and 811-06637) as filed electronically
with the SEC on April 10, 2007.

(5) Form of Shareholder Services Plan relating to Class A shares on behalf
of the UBS Absolute Return Bond Fund and UBS Tax Free
Short-Intermediate Bond Fund is incorporated herein by reference to
Post-Effective Amendment No. 58 to Registrant's Registration Statement
on Form N-1A (Nos. 33-47287 and 811-06637) as filed electronically
with the SEC on July 2, 2008.

(n) Rule 18f-3 Plan.

(1) Amended and Restated Multiple Class Plan pursuant to Rule 18f-3,
effective as of December 14, 2004, on behalf of each series of the
Registrant is incorporated herein by reference to Post-Effective
Amendment No. 44 to Registrant's Registration Statement on Form N-1A
(Nos. 33-47287 and 811-6637) as filed electronically with the SEC on
December 21, 2004.

(p) Codes of Ethics.

(1) Joint Code of Ethics of Registrant, the investment adviser, the
sub-adviser and the principal underwriter of the Registrant are
incorporated herein by reference to Post-Effective Amendment No. 54 to
Registrant's Registration Statement on Form N-1A (Nos. 33-47287 and
811-6637) as filed electronically with the SEC on October 27, 2006.

ITEM 24. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE REGISTRANT

None.

ITEM 25. INDEMNIFICATION

Under the terms of the Delaware Statutory Trust Act ("DSTA") and the
Registrant's Amended and Restated Agreement and Declaration of Trust, as
amended, ("Declaration of Trust"), no officer or trustee of the Registrant shall
have any liability to the Registrant, its shareholders, or any other party for
damages, except to the extent such limitation of liability is precluded by
Delaware law, the Declaration of Trust or the By-Laws of the Registrant.

Subject to the standards and restrictions set forth in the Declaration of Trust,
DSTA, Section 3817, permits a statutory trust to indemnify and hold harmless any
trustee, beneficial owner or other person from and against any and all claims
and demands whatsoever. DSTA, Section 3803 protects trustees, officers, managers
and other employees, when acting in such capacity, from liability to any person
other than the Registrant or beneficial owner for any act, omission or
obligation of the Registrant or any trustee thereof, except as otherwise
provided in the Declaration of Trust.

Indemnification of the Trustees and officers of the Registrant is provided for
in Article VII, Sections 2 through 4 of the Registrant's Declaration of Trust
effective as of September 28, 2004, as amended, as follows:

Section 2. Indemnification and Limitation of Liability. The Trustees shall not
be responsible or liable in any event for any neglect or wrong-doing of any
officer, agent, employee, Manager or Principal Underwriter of the Trust, nor
shall any Trustee be responsible for the act or omission of any other Trustee,
and, subject to the provisions of the Bylaws, the Trust out of its assets may
indemnify and hold harmless each and every Trustee and officer of the Trust from
and against any and all claims, demands, costs, losses, expenses, and damages
whatsoever arising out of or related to such Trustee's performance of his or her
duties as a Trustee or officer of the Trust; provided that nothing herein
contained shall indemnify, hold harmless or protect any Trustee or officer from
or against any liability to the Trust or any Shareholder to which he or she
would otherwise be subject by reason of willful misfeasance, bad faith, gross
negligence or reckless disregard of the duties involved in the conduct of his or
her office.

Every note, bond, contract, instrument, certificate or undertaking and every
other act or thing whatsoever issued, executed or done by or on behalf of the
Trust or the Trustees or any of them in connection with the Trust shall be
conclusively deemed to have been issued, executed or done only in or with
respect to their or his or her capacity as Trustees or Trustee, and such
Trustees or Trustee shall not be personally liable thereon.

Section 3. Trustee's Good Faith Action, Expert Advice, No Bond or Surety. The
exercise by the Trustees of their powers hereunder shall be binding upon
everyone interested in or dealing with the Trust. A Trustee shall be liable to
the Trust and to any Shareholder solely for his or her own willful misfeasance,
bad faith, gross negligence or reckless disregard of the duties involved in the
conduct of the office of Trustee and shall not be liable for errors of judgment
or mistakes of fact or law. The Trustees may take advice of counsel or other
experts with respect to the meaning and operation of this Declaration of Trust
and shall be under no liability for any act or omission in accordance with such
advice nor for failing to follow such advice. The Trustees shall not be required
to give any bond as such, nor any surety if a bond is required.

Section 4. Insurance. The Trustees shall be entitled and empowered to the
fullest extent permitted by law to purchase with Trust assets insurance for
liability and for all expenses, reasonably incurred or paid or expected to be
paid by a Trustee or officer in connection with any claim, action, suit or
proceeding in which he or she becomes involved by virtue of his or her capacity
or former capacity with the Trust, whether or not the Trust would have the power
to indemnify him or her against such liability under the provisions of this
Article.

Indemnification of Registrant's advisors, custodian, transfer agent, accounting
services provider, administrator and distributor against certain stated
liabilities is provided for in the following documents:

(a) Each Series' investment advisory agreement between the Registrant, on
behalf of the series, and UBS Global Asset Management (Americas) Inc., all
of which are incorporated herein by reference or filed herewith, as
follows:

(1) Section 6 of the Investment Advisory Agreement on behalf of the UBS
International Equity Fund, dated April 25, 1995, as amended;

(2) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Bond Fund, dated July 1, 2002;

(3) Section 7 of the Investment Advisory Agreement on behalf of the UBS
High Yield Fund, dated July 1, 2002;

(4) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Equity Fund, dated July 1, 2002;

(5) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Value Equity Fund, dated July 1, 2002;

(6) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Large Cap Growth Fund, dated July 1, 2002;

(7) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Small Cap Equity Fund, dated May 23, 2000, as amended;

(8) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Small Cap Growth Fund, dated July 1, 2002;

(9) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Real Estate Equity Fund, dated December 7, 2000, as amended;

(10) Section 7 of the Investment Advisory Agreement on behalf of the UBS
Global Allocation Fund, dated July 1, 2002;

(11) Section 7 of the Investment Advisory Agreement on behalf of the UBS
Global Bond Fund, dated July 1, 2002;

(12) Section 7 of the Investment Advisory Agreement on behalf of the UBS
Global Equity Fund, dated July 1, 2002, as amended and restated July
1, 2003;

(13) Section 6 of the Investment Advisory Agreement on behalf of the UBS
Emerging Markets Debt Fund, dated December 10, 1998, as amended;

(14) Section 6 of the Investment Advisory Agreement on behalf of the UBS
Emerging Markets Equity Fund, dated December 10, 1998, as amended;

(15) Section 7 of the Investment Advisory Agreement on behalf of the UBS
Dynamic Alpha Fund;

(16) Section 7 of the Investment Advisory Agreement on behalf of the UBS
Absolute Return Bond Fund;

(17) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Mid Cap Growth Equity Fund; and

(18) Section 7 of the Investment Advisory Agreement on behalf of the UBS
U.S. Equity Alpha Fund.

(19) Section 7 of the Investment Advisory Agreement on behalf of the UBS
Global Frontier Fund.

(20) Section 7 of the Investment Advisory Agreement on behalf of the UBS
Tax Free Short-Intermediate Bond Fund.

(b) Sections I.8(a), I.8(c)(iii), I.10, II.A.2, II.B.5, II.C.6, III.1.,
III.2.(b) through III.2.(e), III.4.(e) and III.9.(b) of the Multiple
Services Agreement dated May 9, 1997, as amended, between Morgan Stanley
Trust Company, as succeeded by JPMorgan Chase Bank (formerly known as The
Chase Manhattan Bank) and the Registrant, on behalf of its series, which is
incorporated herein by reference.

(c) Section 9(a) of the Principal Underwriting Contract between UBS Global
Asset Management (US) Inc. (formerly known as Brinson Advisors, Inc.) and
the Registrant on behalf of each series dated November 5, 2001, which is
incorporated herein by reference.

(d) Section 12 of the Transfer Agency and Related Services Agreement between
PFPC Inc. and the Registrant on behalf of each series dated August 20,
2001, which is incorporated herein by reference.

(e) Sections 8 and 9 of the Administration Contract between UBS Global Asset
Management (Americas) Inc. and the Registrant on behalf of each series,
which is incorporated herein by reference.

ITEM 26. BUSINESS AND OTHER CONNECTIONS OF THE INVESTMENT MANAGER

UBS Global Asset Management (Americas) Inc. provides investment advisory
services consisting of portfolio management for a variety of individuals and
institutions. For information as to any other business, vocation or employment
of a substantial nature in which the Registrant's investment advisor and each
officer of the Registrant's investment advisor is or has been engaged for his or
her own account or in the capacity of director, officer, employee, partner or
trustee, within the last two fiscal years, see UBS Global Asset Management
(Americas) Inc.'s Form ADV (File #801-34910) filed under the Investment Advisers
Act of 1940, as amended, which is incorporated herein by reference.

ITEM 27. PRINCIPAL UNDERWRITER

(a) UBS Global AM (US) serves as principal underwriter for the following
investment companies:

UBS Cashfund Inc.,
UBS Index Trust,
UBS Investment Trust,
UBS Money Series,
UBS Managed Municipal Trust,
UBS Master Series, Inc.,
Master Trust
UBS Municipal Money Market Series,
UBS RMA Money Fund, Inc.,
UBS RMA Tax-Free Fund, Inc.,
UBS Series Trust,
Global High Income Fund Inc.,
Insured Municipal Income Fund Inc.,
Investment Grade Municipal Income Fund Inc.,
Managed High Yield Plus Fund Inc.,
Strategic Global Income Fund, Inc., and
UBS PACE Select Advisors Trust
SMA Relationship Trust
Fort Dearborn Income Securities, Inc.

(b) UBS Global AM (US) is the Registrant's principal underwriter. The
information set forth below is furnished for those directors and officers
of UBS Global AM (US) who also serve as directors or officers of the
Registrant.

Positions and Offices with Positions and Offices with
Name and Business Address* Underwriter the Registrant
-------------------------------------------------------------------------------------------------------
Kai Sotorp** Head of the Americas for UBS President
Global Asset Management, a
member of the UBS Group
Managing Board and a member of
the UBS Global Asset
Management Executive Committee

Joseph J. Allessie* Director and Deputy General Vice President and
Counsel of UBS Global AM Assistant Secretary

Andrew Shoup* Managing Director and Head of Vice President and Chief
Global Treasury Administration Operating Officer
Department

Thomas Disbrow* Director and Head of the U.S. Vice President and Treasurer
Mutual Fund Treasury
Administration Department of
UBS Global AM

Mark F. Kemper** Managing Director, General Vice President and Secretary
Counsel and Secretary of UBS
Global AM

Joanne Kilkeary* Director and Senior Manager of Vice President and
the U.S. Mutual Fund Treasury Assistant Treasurer
Administration Department of
UBS Global AM

Michael Flook * Associate Director and Senior Vice President and
Manager of the U.S. Mutual Assistant Treasurer
Fund Treasury Administration
Department of UBS Global AM

Joseph McGill* Managing Director and Chief Vice President and Chief
Compliance Officer of UBS Compliance Officer
Global AM

Eric Sanders* Director and Associate General Vice President and
Counsel of UBS Global AM Assistant Secretary

Tammie Lee* Director and Associate General Vice President and
Counsel of UBS Global AM Assistant Secretary

Keith A. Weller* Executive Director and Senior Vice President and
Associate General Counsel of Assistant Secretary
UBS Global AM

Nancy Osborn* Associate Director and Senior Vice President and
Manager of the U.S. Mutual Assistant Treasurer
Fund Treasury Administration
Department of UBS Global AM

Steven LeMire* Director and Senior Manager of Vice President and
the U.S. Mutual Fund Treasury Assistant Treasurer
Administration Department of
UBS Global AM

* This person's business address is 51 West 52nd Street, New York, New York
10019-6114.

** This person's business address is One North Wacker Drive, Chicago, Illinois
60606.

ITEM 28. LOCATION OF ACCOUNTS AND RECORDS

All accounts, books and other documents required to be maintained by Section
31(a) [15 U.S.C. 80a-3-(a)] and rules under that section, are maintained by
JPMorgan Chase Bank ("JPMorgan Chase"), 270 Park Avenue, New York, New York
10017 with the exception of those maintained by the Registrant's investment
advisor, UBS Global Asset Management (Americas) Inc., One North Wacker Drive,
Chicago, IL, 60606.

JPMorgan Chase provides general sub-administrative, accounting, portfolio
valuation, and custodian services to the Registrant, including the coordination
and monitoring of any third-party service providers and maintains all such
records relating to these services.

ITEM 29. MANAGEMENT SERVICES

There are no management related service contracts not discussed in Part A or
Part B.

ITEM 30. UNDERTAKINGS

Not Applicable.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended (the
"Securities Act") and the Investment Company Act of 1940, as amended, the
Registrant certifies that it meets all of the requirements for effectiveness of
this registration statement under rule 485(b) under the Securities Act and has
duly caused Post-Effective Amendment No. 59/60 to this registration statement to
be signed on its behalf by the undersigned, duly authorized, in the City of New
York, and the State of New York on the 11th day of September 2008.

THE UBS FUNDS

By: /s/ Kai Sotorp
Kai Sotorp*
President and Principal Executive Officer

Pursuant to the requirements of the Securities Act, this Registration Statement
has been signed below by the following persons in the capacities and on the
dates indicated:

Signature Title Date

/s/ Kai Sotorp President and Principal September 11, 2008
Kai Sotorp* Executive Officer

/s/ Frank K. Reilly Chairman and September 11, 2008
Frank K. Reilly* Trustee

/s/ Walter E. Auch Trustee September 11, 2008
Walter E. Auch*

/s/ Edward M. Roob Trustee September 11, 2008
Edward M. Roob*

/s/ Adela Cepeda Trustee September 11, 2008
Adela Cepeda*

/s/ J. Mikesell Thomas Trustee September 11, 2008
J. Mikesell Thomas*

/s/ Thomas Disbrow Treasurer and Principal September 11, 2008
Thomas Disbrow* Accounting Officer

* By: /s/ Joseph J. Allessie
Joseph J. Allessie, Attorney-in-Fact
(Pursuant to Powers of Attorney incorporated herein by reference.)

EXHIBITS INDEX

EXHIBITS EXHIBIT NO.

None