UBS PRIVATE INVESTOR FUNDS, INC.
UBS BOND FUND
SUPPLEMENT TO PROSPECTUS DATED MARCH 13, 1997
EFFECTIVE MARCH 13, 1997
The paragraph entitled "Administrators" on page sixteen of the
Prospectus is deleted in its entirety and replaced with the following:
ADMINISTRATORS. The Portfolio and the Fund employ Investors
Fund Services (Ireland) Limited ("IBT Ireland"), a subsidiary of
Investors Bank & Trust Company ("Investors Bank") and Investors
Bank, respectively, as Administrators under Administration
Agreements (the "Administration Agreements") to provide certain
administrative services. The services provided by IBT Ireland
and Investors Bank under the Administration Agreements include
certain accounting, clerical and bookkeeping services, Blue Sky
(for the Fund only), corporate secretarial services and
assistance in the preparation and filing of tax returns and
reports to shareholders and the Securities and Exchange
Commission ("SEC"). Investors Bank is a wholly-owned subsidiary
of Investors Financial Services Corp., a publicly-held
corporation and holding company registered under the Bank
Holding Company Act of 1956. For its services under the
Administration Agreement, the Fund pays Investors Bank a fee
which is calculated daily and paid monthly, equal, on an annual
basis, to 0.065% of the Fund's first $100 million in average
daily net assets and 0.025% of the next $100 million in average
daily net assets. Investors Bank does not receive a fee from
the Fund on average daily net assets in excess of $200 million.
For its services under the Administration Agreement, the
Portfolio pays IBT Ireland a fee which is calculated daily and
paid monthly, equal, on an annual basis, to 0.07% of the
Portfolio's first $100 million in average daily net assets and
0.05% of the assets in excess of $100 million. IBT Ireland's
principal offices are located at Deloitte & Touche House, 29
Earlsfort Terrace, Dublin 2, Ireland. Investors Bank's
principal offices are located at 200 Clarendon Street, Boston,
Massachusetts 02116.
***************
The paragraph entitled "Distributor" on page sixteen of the
Prospectus is deleted in its entirety and replaced with the following:
DISTRIBUTOR. Pursuant to a Distribution Agreement, First Fund
Distributors, Inc. ("First Fund") serves as the distributor of
Fund shares. First Fund is a broker-dealer registered with the
SEC and is a member of the National Association of Securities
Dealers, Inc. ("NASD"). First Fund is authorized by the NASD to
act as a mutual fund underwriter and distributor. The principal
offices of First Fund are located at 4455 E. Camelback Road,
Phoenix, Arizona 85018. The Distributor does not receive a fee
pursuant to the terms of the Distribution Agreement, but
receives compensation from the Administrator.
Effective March 13, 1997, the office of the Fund has been changed to:
200 Clarendon Street
Boston, Massachusetts 02116
<PAGE>
UBS PRIVATE INVESTOR FUNDS, INC.
UBS U.S. EQUITY FUND
SUPPLEMENT TO PROSPECTUS DATED MARCH 13, 1997
EFFECTIVE MARCH 13, 1997
The paragraph entitled "Administrators" on page thirteen of the
Prospectus is deleted in its entirety and replaced with the following:
ADMINISTRATORS. The Portfolio and the Fund employ Investors
Fund Services (Ireland) Limited ("IBT Ireland"), a subsidiary of
Investors Bank & Trust Company ("Investors Bank") and Investors
Bank, respectively, as Administrators under Administration
Agreements (the "Administration Agreements") to provide certain
administrative services. The services provided by IBT Ireland
and Investors Bank under the Administration Agreements include
certain accounting, clerical and bookkeeping services, Blue Sky
(for the Fund only), corporate secretarial services and
assistance in the preparation and filing of tax returns and
reports to shareholders and the Securities and Exchange
Commission ("SEC"). Investors Bank is a wholly-owned subsidiary
of Investors Financial Services Corp., a publicly-held
corporation and holding company registered under the Bank
Holding Company Act of 1956. For its services under the
Administration Agreement, the Fund pays Investors Bank a fee
which is calculated daily and paid monthly, equal, on an annual
basis, to 0.065% of the Fund's first $100 million in average
daily net assets and 0.025% of the next $100 million in average
daily net assets. Investors Bank does not receive a fee from
the Fund on average daily net assets in excess of $200 million.
For its services under the Administration Agreement, the
Portfolio pays IBT Ireland a fee which is calculated daily and
paid monthly, equal, on an annual basis, to 0.07% of the
Portfolio's first $100 million in average daily net assets and
0.05% of the assets in excess of $100 million. IBT Ireland's
principal offices are located at Deloitte & Touche House, 29
Earlsfort Terrace, Dublin 2, Ireland. Investors Bank's
principal offices are located at 200 Clarendon Street, Boston,
Massachusetts 02116.
***************
The paragraph entitled "Distributor" on page fourteen of the
Prospectus is deleted in its entirety and replaced with the following:
DISTRIBUTOR. Pursuant to a Distribution Agreement, First Fund
Distributors, Inc. ("First Fund") serves as the distributor of
Fund shares. First Fund is a broker-dealer registered with the
SEC and is a member of the National Association of Securities
Dealers, Inc. ("NASD"). First Fund is authorized by the NASD to
act as a mutual fund underwriter and distributor. The principal
offices of First Fund are located at 4455 E. Camelback Road,
Phoenix, Arizona 85018. The Distributor does not receive a fee
pursuant to the terms of the Distribution Agreement, but
receives compensation from the Administrator.
Effective March 13, 1997, the office of the Fund has been changed to:
200 Clarendon Street
Boston, Massachusetts 02116
<PAGE>
UBS PRIVATE INVESTOR FUNDS, INC.
UBS INTERNATIONAL EQUITY FUND
SUPPLEMENT TO PROSPECTUS DATED MARCH 13, 1997
EFFECTIVE MARCH 13, 1997
The paragraph entitled "Administrators" on page fifteen of the
Prospectus is deleted in its entirety and replaced with the following:
ADMINISTRATORS. The Portfolio and the Fund employ Investors
Fund Services (Ireland) Limited ("IBT Ireland"), a subsidiary of
Investors Bank & Trust Company ("Investors Bank") and Investors
Bank, respectively, as Administrators under Administration
Agreements (the "Administration Agreements") to provide certain
administrative services. The services provided by IBT Ireland
and Investors Bank under the Administration Agreements include
certain accounting, clerical and bookkeeping services, Blue Sky
(for the Fund only), corporate secretarial services and
assistance in the preparation and filing of tax returns and
reports to shareholders and the Securities and Exchange
Commission ("SEC"). Investors Bank is a wholly-owned subsidiary
of Investors Financial Services Corp., a publicly-held
corporation and holding company registered under the Bank
Holding Company Act of 1956. For its services under the
Administration Agreement, the Fund pays Investors Bank a fee
which is calculated daily and paid monthly, equal, on an annual
basis, to 0.065% of the Fund's first $100 million in average
daily net assets and 0.025% of the next $100 million in average
daily net assets. Investors Bank does not receive a fee from
the Fund on average daily net assets in excess of $200 million.
For its services under the Administration Agreement, the
Portfolio pays IBT Ireland a fee which is calculated daily and
paid monthly, equal, on an annual basis, to 0.07% of the
Portfolio's first $100 million in average daily net assets and
0.05% of the assets in excess of $100 million. IBT Ireland's
principal offices are located at Deloitte & Touche House, 29
Earlsfort Terrace, Dublin 2, Ireland. Investors Bank's
principal offices are located at 200 Clarendon Street, Boston,
Massachusetts 02116.
***************
The paragraph entitled "Distributor" on page sixteen of the
Prospectus is deleted in its entirety and replaced with the following:
DISTRIBUTOR. Pursuant to a Distribution Agreement, First Fund
Distributors, Inc. ("First Fund") serves as the distributor of
Fund shares. First Fund is a broker-dealer registered with the
SEC and is a member of the National Association of Securities
Dealers, Inc. ("NASD"). First Fund is authorized by the NASD to
act as a mutual fund underwriter and distributor. The principal
offices of First Fund are located at 4455 E. Camelback Road,
Phoenix, Arizona 85018. The Distributor does not receive a fee
pursuant to the terms of the Distribution Agreement, but
receives compensation from the Administrator.
Effective March 13, 1997, the office of the Fund has been changed to:
200 Clarendon Street
Boston, Massachusetts 02116
