SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement [ ] Confidential, for Use of the
Commission Only (as permitted
by Rule 14a-6(e)(2))
[ ] Definitive Proxy Statement
[X] Definitive additional materials
[ ] Soliciting material pursuant to Section 240.14a-11(c) or Section
240.14a-12
UBS PRIVATE INVESTOR FUNDS, INC.
(Name of Registrant/s as Specified in Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of filing fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and
0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
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(4) Proposed maximum aggregate value of transaction:
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(5) Total fee paid:
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[ ] Fee paid previously with preliminary materials.
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[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identity the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
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(2) Form, Schedule or Registration Statement No.:
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(4) Date Filed:
UBS PRIVATE INVESTOR FUNDS, INC.
200 CLARENDON STREET
BOSTON, MASSACHUSETTS 02116
TO THE SHAREHOLDERS OF:
UBS Bond Fund
UBS High Yield Bond Fund
UBS Value Equity Fund
UBS Large Cap Growth Fund
UBS Small Cap Fund
UBS International Equity Fund
(collectively, the "Funds")
Dear Shareholder:
The attached Proxy Statement from UBS Private Investor Funds, Inc. (the
"Corporation") discusses two Proposals that are being submitted to shareholders
of each of the Funds and a third Proposal specific to each of UBS High Yield
Bond Fund, UBS Large Cap Growth Fund, UBS Small Cap Fund and UBS International
Equity Fund. A Shareholder Meeting has been called for October 15, 1998, to
consider the Proposals. As a shareholder in one or more of these six Funds, we
ask you to review the Proxy Statement and cast your vote on those Proposals
which concern your Fund(s). The Corporation's Board of Directors has
recommended that shareholders approve the Proposals. Shareholders invested in
more than one of the six Funds will find a proxy card enclosed for each such
Fund.
Proposals I and III are to be voted on by all shareholders. Proposal I
seeks approval of an investment advisory agreement between each Fund and UBS
A.G. (the "Adviser") and Proposal III asks shareholders to elect four
Directors/Trustees. Proposal II is to be voted on only by shareholders of the
UBS High Yield Bond Fund, the UBS Large Cap Growth Fund, the UBS Small Cap Fund
and the UBS International Equity Fund. Proposal II seeks approval of
investment sub-advisory agreements between the Adviser and UBS Brinson Inc. and
Phillips & Drew International Investment Limited on behalf of the applicable
Fund. Each Proposal is discussed in greater detail in the attached Proxy
Statement. We encourage you to review the Proxy Statement and cast your vote at
your earliest convenience.
Your vote is important. You do not need to be physically present at the
meeting, but you should complete and sign each enclosed voting instruction/
proxy and return it promptly in the enclosed envelope. Every vote counts. We
urge you to complete and return your proxy card(s) as soon as possible to avoid
adjournment of the Shareholder Meeting. We must receive your proxy card(s) by
October 13.
We look forward to receiving your votes in favor of the Proposals. Thank
you for your support of UBS Private Investor Funds, Inc.
Sincerely,
/s/ Paul J. Jasinski
Paul J. Jasinski
President
UBS Private Investor Funds, Inc.
