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 0.525% of
net assets up to $500 million, 0.50% of net assets over $500 million and up to
$1 billion, 0.45% of net assets over $1 billion and up to $1.5 billion, and
0.40% of net assets over $1.5 billion.
To be attached to the cover page of the Class A and Class Y Prospectus of:
United Municipal Bond Fund, Inc. dated January 31, 1999
United Municipal High Income Fund, Inc. dated January 31, 1999
This Supplement is dated June 30, 1999.
NUS2100H
