UBS PRIVATE INVESTOR FUNDS, INC.
200 CLARENDON STREET
BOSTON, MASSACHUSETTS 02116
(888) UBS-FUND ((888) 827-3863)
UBS LARGE CAP GROWTH FUND
UBS SMALL CAP FUND
UBS VALUE EQUITY FUND
UBS INTERNATIONAL EQUITY FUND
UBS INSTITUTIONAL INTERNATIONAL EQUITY FUND
UBS BOND FUND
UBS HIGH YIELD BOND FUND
SUPPLEMENT TO PROSPECTUSES DATED
MARCH 13, 1997, APRIL 7, 1997 AND SEPTEMBER 8, 1997
EFFECTIVE DECEMBER 10, 1997
The following information supplements and should be read in conjunction with
the section entitled "Management" of the current respective Prospectuses for
UBS Large Cap Growth Fund, UBS Small Cap Fund, UBS Value Equity Fund, UBS
International Equity Fund, UBS Institutional International Equity Fund, UBS
Bond Fund and UBS High Yield Bond Fund, (each a "Fund", collectively the
"Funds"):
"On December 8, 1997, Union Bank of Switzerland ("UBS") and Swiss Bank
Corporation ("Swiss Bank") announced their intention to merge (the "Merger
Transaction") UBS with Swiss Bank to form a new company expected to be
called United Bank of Switzerland. The Merger Transaction's completion is
subject to a number of conditions, including the receipt of U.S. and
non-U.S. regulatory approvals and the approval by shareholders of UBS and
Swiss Bank."
