SUPPLEMENT TO THE PROSPECTUS
The following information supplements and supersedes any contrary information
contained in the Prospectus:
At a special meeting of shareholders held June 22, 1999, shareholders of the
Fund approved a proposal to change the investment management fee for the Fund.
Effective June 30, 1999, the management fee is 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 Retirement Shares, Inc. dated September 30, 1998
United Vanguard Fund, Inc. dated January 31, 1999
This Supplement is dated June 30, 1999.
NUS2100G
