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SIGNATURE SUSAN JAKUBOSKI
TITLE ASST. SECRETARY
<TABLE> <S> <C>
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<LEGEND>
This schedule contains summary financial data extracted from the Annual Report
dated December 31, 1996, for the UBS Bond Portfolio and is qualified in its
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<CIK> 0001007523
<NAME> UBS INVESTOR PORTFOLIOS TRUST
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<LEGEND>
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</LEGEND>
<CIK> 0001007523
<NAME> UBS INVESTOR PORTFOLIOS TRUST
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<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 25,425,733
<DIVIDEND-INCOME> 524,846
<INTEREST-INCOME> 35,449
<OTHER-INCOME> 0
<EXPENSES-NET> 128,174
<NET-INVESTMENT-INCOME> 432,121
<REALIZED-GAINS-CURRENT> 1,679
<APPREC-INCREASE-CURRENT> 1,674,335
<NET-CHANGE-FROM-OPS> 2,108,135
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 25,425,733
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 84,435
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 212,609
<AVERAGE-NET-ASSETS> 18,746,312
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0.91
<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 Portfolio and is
qualified in its entirety by reference to such Annual Report.
</LEGEND>
<CIK> 0001007523
<NAME> UBS INESTOR PORTFOLIOS TRUST
<SERIES>
<NUMBER> 003
<NAME> UBS INTERNATIONAL EQUITY PORTFOLIO
<S> <C>
<PERIOD-TYPE> OTHER
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> APR-02-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 34,401,218
<INVESTMENTS-AT-VALUE> 34,775,119
<RECEIVABLES> 99,399
<ASSETS-OTHER> 17,282,959
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 52,157,477
<PAYABLE-FOR-SECURITIES> 10,476,488
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 134,410
<TOTAL-LIABILITIES> 10,610,898
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 41,546,579
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 41,546,579
<DIVIDEND-INCOME> 500,868
<INTEREST-INCOME> 189,623
<OTHER-INCOME> 0
<EXPENSES-NET> 206,657
<NET-INVESTMENT-INCOME> 483,834
<REALIZED-GAINS-CURRENT> 372,215
<APPREC-INCREASE-CURRENT> 367,572
<NET-CHANGE-FROM-OPS> 1,223,621
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 41,546,579
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 199,112
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 391,930
<AVERAGE-NET-ASSETS> 31,204,717
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> 0.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
February 21, 1997
To the Board of Trustees of
UBS Investor Portfolios Trust
In planning and performing our audit of the financial statements of UBS
Bond Portfolio, UBS U.S. Equity Portfolio and UBS International Equity
Portfolio, (constituting the UBS Investor Portfolios Trust, hereafter referred
to as the "Trust") for the year ended December 31, 1996, we considered the
Portfolio's 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 Portfolio 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
Chartered Accountants
Toronto, Ontario
