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Supplement dated January 16, 2001
to Prospectus dated May 1, 2000
of
Technology Portfolio
A 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 Technology Portfolio. Stephen C. Sexauer no
longer serves as a Portfolio Manager of the Technology Portfolio. Alexander
L. Umansky and Dennis P. Lynch now share primary responsibility for
managing the assets of the Technology Portfolio. Accordingly, the paragraph
under "PORTFOLIO MANAGERS" on page 5 is hereby deleted and replaced with
the following:
Alexander L. Umansky and Dennis P. Lynch
Alexander L. Umansky, a Principal of MSAM and Morgan Stanley, joined MSAM
in 1994 as a Compliance Analyst. Currently, he is a Portfolio Manager in
the Institutional Equity Group. In 1996, he became a research analyst in
the Institutional Equity Group focusing primarily on technology. Prior to
joining MSAM, he was a financial analyst in Morgan Stanley's Global Risk
Management department. Mr. Umansky graduated from New York University's
Stern School of Business with a B.S. in Computer Science and Finance.
Dennis P. Lynch, a Vice President of MSAM and Morgan Stanley, joined MSAM
in 1998 as a Research Analyst. Currently, he is a Portfolio Manager in the
Institutional Equity Group. Prior to joining MSAM, he worked as a research
analyst for JP Morgan Securities from 1994 to 1996. Mr. Lynch earned a B.A.
from Hamilton College in 1993 and an M.B.A. with honors from Columbia
University in 1998. Mr. Umansky has shared primary responsibility for
managing the Portfolio's assets since its inception. Mr. Lynch has shared
primary responsibility for managing the Portfolio's assets since December
2000.
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PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
