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MITCHELL HUTCHINS SERIES TRUST
GROWTH PORTFOLIO
SUPPLEMENT TO THE PROSPECTUS DATED MAY 1, 1998,
AS AMENDED AUGUST 5, 1998
February 25, 1999
Dear Investor,
This is a supplement to the Prospectus of Growth Portfolio, a series of
Mitchell Hutchins Series Trust. The purpose of the supplement is to disclose a
new co-portfolio manager for the portfolio.
The fifth paragraph on page MH 26 of the Prospectus in the section
captioned "Management" is amended as follows:
Ellen Harris has been primarily responsible for the day-to-day
portfolio management of Growth Portfolio since its inception in
May 1987 and was joined by Karen L. Finkel in November 1998. Ms.
Harris is a managing director of Mitchell Hutchins. Prior to
joining Mitche11 Hutchins in 1983 as a portfolio manager, Ms.
Harris served as a vice president and portfolio manager at
American General Capital Management (now American Capital
Management). Mrs. Finkel is a senior vice president of Mitchell
Hutchins and has been employed by Mitchell Hutchins as a
portfolio manager for over ten years.
