PAINEWEBBER RETIREMENT MONEY FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION DATED AUGUST 31, 1999
Dear Investor,
The section captioned "Additional Purchase and Redemption Information;
Service Organizations" at page 19 of the Statement of Additional Information is
revised by adding a new first paragraph, as follows:
ADDITIONAL PURCHASE INFORMATION. The fund may,
subject to approval by the board, accept securities in
which the fund is authorized to invest as consideration
for the issuance of its shares, provided that the value
of the securities is at least equal to the net asset
value of the fund's shares at the time the transaction
occurs. The fund may accept or reject any such
securities in its discretion.
The original text of this section is otherwise unchanged.
June 30, 2000
