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008 A000401 UNION BANK OF SWITZERLANS (NEW YORK BRANCH)
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SIGNATURE JOHN R. ELDER
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the Annual Report
dated December 31, 1996, for the UBS Bond Fund and is qualified in its entirety
by reference to such Annual Report.
</LEGEND>
<CIK> 0001003599
<NAME> UBS PRIVATE INVESTOR FUNDS, INC.
<SERIES>
<NUMBER> 001
<NAME> THE UBS BOND FUND
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<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 125,994
<AVERAGE-NET-ASSETS> 4,066,782
<PER-SHARE-NAV-BEGIN> 100.00
<PER-SHARE-NII> 4.12
<PER-SHARE-GAIN-APPREC> 0.14
<PER-SHARE-DIVIDEND> 4.11
<PER-SHARE-DISTRIBUTIONS> 0.02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 100.13
<EXPENSE-RATIO> 0.80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the Annual Report
dated December 31, 1996, for the UBS U. S. Equity Fund and is qualified in its
entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0001003599
<NAME> UBS PRIVATE INVESTOR FUNDS, INC.
<SERIES>
<NUMBER> 002
<NAME> THE UBS U.S. EQUITY FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> APR-02-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 8,801,801
<INVESTMENTS-AT-VALUE> 9,486,697
<RECEIVABLES> 6,340
<ASSETS-OTHER> 63,344
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,556,381
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 90,685
<TOTAL-LIABILITIES> 90,685
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 8,765,958
<SHARES-COMMON-STOCK> 88,712
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1,157
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 13,685
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 684,896
<NET-ASSETS> 9,465,696
<DIVIDEND-INCOME> 191,173
<INTEREST-INCOME> 13,296
<OTHER-INCOME> 0
<EXPENSES-NET> 46,673
<NET-INVESTMENT-INCOME> 157,796
<REALIZED-GAINS-CURRENT> 13,685
<APPREC-INCREASE-CURRENT> 684,896
<NET-CHANGE-FROM-OPS> 856,377
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 156,639
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 137,589
<NUMBER-OF-SHARES-REDEEMED> 50,342
<SHARES-REINVESTED> 1,465
<NET-CHANGE-IN-ASSETS> 9,465,696
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 184,282
<AVERAGE-NET-ASSETS> 6,908,005
<PER-SHARE-NAV-BEGIN> 100.00
<PER-SHARE-NII> 2.05
<PER-SHARE-GAIN-APPREC> 6.69
<PER-SHARE-DIVIDEND> 2.04
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 106.70
<EXPENSE-RATIO> 0.90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial data extracted from the Annual Report
dated December 31, 1996, for the UBS International Equity Fund and is qualified
in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0001003599
<NAME> UBS PRIVATE INVESTOR FUNDS, INC.
<SERIES>
<NUMBER> 003
<NAME> THE UBS INTERNATIONAL EQUITY FUND
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> APR-02-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 26,269,936
<INVESTMENTS-AT-VALUE> 26,610,544
<RECEIVABLES> 36,381
<ASSETS-OTHER> 63,600
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 26,710,525
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 86,796
<TOTAL-LIABILITIES> 86,796
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 26,227,281
<SHARES-COMMON-STOCK> 258,877
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 18,022
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37,818
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 340,608
<NET-ASSETS> 26,623,729
<DIVIDEND-INCOME> 194,621
<INTEREST-INCOME> 66,737
<OTHER-INCOME> 0
<EXPENSES-NET> 114,481
<NET-INVESTMENT-INCOME> 146,877
<REALIZED-GAINS-CURRENT> 135,557
<APPREC-INCREASE-CURRENT> 340,608
<NET-CHANGE-FROM-OPS> 623,042
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 136,578
<DISTRIBUTIONS-OF-GAINS> 94,755
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 305,204
<NUMBER-OF-SHARES-REDEEMED> 48,608
<SHARES-REINVESTED> 2,281
<NET-CHANGE-IN-ASSETS> 26,623,729
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 251,749
<AVERAGE-NET-ASSETS> 11,007,318
<PER-SHARE-NAV-BEGIN> 100.00
<PER-SHARE-NII> 1.08
<PER-SHARE-GAIN-APPREC> 3.54
<PER-SHARE-DIVIDEND> 1.05
<PER-SHARE-DISTRIBUTIONS> 0.73
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 102.84
<EXPENSE-RATIO> 1.39
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
February 21 , 1997
To the Board of Directors of
UBS Private Investor Funds,Inc.
In planning and performing our audits of the financial statements of UBS
Bond Fund, UBS U.S. Equity Fund and UBS International Equity Fund (three of the
four series constituting UBS Private Investor Funds, Inc., hereafter referred to
collectively as the "Funds") for the year ended December 31, 1996, we considered
the Funds' internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purposes of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, and not to provide assurance on the internal control
structure.
The management of the Funds is responsible for establishing and maintaining
an internal control structure. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected benefits and related
costs of internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are appropriately
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors
or irregularities may occur and may not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1996.
This report is intended solely for the information and use of management
and the Securities and Exchange Commission.
PRICE WATERHOUSE LLP
New York, New York
