WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001060517
<NAME> MITCHELL HUTCHINS INSTITUTIONAL SERIES
<SERIES>
<NUMBER> 03
<NAME> LIR LIQUID ASSETS FUND
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<S> <C>
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</TABLE>
