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Supplement dated July 27, 2000
to Prospectus dated May 1, 2000
of
Global Equity Portfolio
Portfolio of
The Universal Institutional Funds, Inc.
P.O. Box 2798
Boston, Massachusetts
02208-2798
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The Prospectus is hereby amended and supplemented to reflect changes in the
portfolio management of the Global Equity Portfolio (the "Portfolio").
Effective July 31, 2000, Richard Boon will no longer serve as a Portfolio
Manager of the Portfolio. Frances Campion and Paul Boyne, who currently share
primary responsibility with Mr. Boon, will continue to have primary
responsibility for managing the assets of the Portfolio. Accordingly, effective
July 31, 2000, the paragraph "PORTFOLIO MANAGERS" on page 4 is hereby deleted
and replaced with the following:
Frances Campion, Managing Director and Paul Boyne, Principal
Frances Campion joined the MSAM Group in 1990 as a Global Equity Fund Manager.
Her responsibilities include day-to-day management of the Global Equity
product. Ms. Campion is a graduate of University College, Dublin. Paul Boyne
joined the MSAM Group in 1993. Prior to joining the MSAM Group, he was a
Chartered Accountant with Grant Thornton International in Dublin. Mr. Boyne is
a graduate of University College, Dublin. Both portfolio managers are
ultimately subject to the supervision of the Adviser's Investment Management
Committee.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
