SUPPLEMENT TO THE PROSPECTUS
The following information supplements and supersedes any contrary information
contained in the Prospectus:
At a special meeting of shareholders scheduled for June 22, 1999, shareholders
of the Fund will be asked to approve a proposal to change the investment
management fee for the Fund, which is currently calculated by adding a group fee
to a specific fee, to a new specific fee at the annual rate of 0.70% of net
assets up to $1 billion, 0.65% of net assets over $1 billion and up to $2
billion, 0.60% of net assets over $2 billion and up to $3 billion, and 0.55% of
net assets over $3 billion.
To be attached to the cover page of the Class A and Class Y Prospectus of:
United Asset Strategy Fund, Inc. dated January 31, 1999
United Continental Income Fund, Inc. dated June 30, 1998
United Retirement Shares, Inc. dated September 30, 1998
United Vanguard Fund, Inc. dated January 31, 1999
This Supplement is dated March 4, 1999.
NUS 2100D
