PAINEWEBBER MUTUAL FUNDS
PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT
October 28, 1999
Dear Investor,
This is a supplement to the prospectuses and Statements of Additional
Information, as applicable, of the PaineWebber Mutual Funds listed on the
reverse side. The purpose of the supplement is to notify you of the change of
address for the PaineWebber Mutual Funds and Mitchell Hutchins Asset Management
Inc.
The PaineWebber Mutual Funds and Mitchell Hutchins Asset Management
Inc. have changed their address to 51 West 52nd Street, New York, New York
10019-6114.
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PAINEWEBBER CASHFUND, INC.
LIQUID INSTITUTIONAL RESERVES
Money Market Fund
Government Securities Fund
Treasury Securities Fund
MITCHELL HUTCHINS LIR SELECT MONEY FUND
PAINEWEBBER RMA
Money Market Portfolio
U.S. Government Portfolio
Tax-Free Fund
California Municipal Money Fund
New Jersey Municipal Money Fund
New York Municipal Money Fund
PAINEWEBBER RETIREMENT MONEY FUND
