UAM FUNDS, INC.
ENHANCED MONTHLY INCOME PORTFOLIO
INSTITUTIONAL CLASS SHARES
SUPPLEMENT DATED MAY 2, 1996 TO THE PROSPECTUS DATED FEBRUARY 29, 1996
FINANCIAL HIGHLIGHTS
(Unaudited)
The following table provides financial highlights for the
Enhanced Monthly Income Portfolio (the "Portfolio") throughout
the period presented and is part of the Portfolio's unaudited
financial statements for the period ended March 31, 1996 which is
included in the Portfolio's Statement of Additional Information.
The Statement of Additional Information and the financial
statements therein are available at no cost and can be requested
by writing to the address or calling the telephone number on the
cover of the Prospectus. The following should be read in
conjunction with the financial statements including the notes
thereto.
November 15, 1995**
to March 31, 1996
(Unaudited)
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NET ASSET VALUE, BEGINNING OF PERIOD $10.00
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INCOME FROM INVESTMENT OPERATIONS
Net Investment Income 0.26+
Net Realized and Unrealized Gain 0.14
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Total from Investment Operations 0.40
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DISTRIBUTIONS
Net Investment Income (0.11)
In Excess of Net Realized Gain -
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Total Distributions (0.11)
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NET ASSET VALUE, END OF PERIOD $10.29
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TOTAL RETURN 4.03%++
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RATIOS AND SUPPLEMENTAL DATA
Net Assets, End of Period (Thousands) $1,948
Ratios After Expense Limitations:
Expenses to Average Net Assets 1.00%*
Net Investment Income to Average Net Assets 7.10%*
Ratios Before Expense Limitations:
Expenses to Average Net Assets 4.53%*
Net Investment Income to Average Net Assets 3.60%*
Portfolio Turnover Rate 123%
Average Brokerage Commission Ratio 0.0242
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* Annualized
** Commencement of Operations
+ Net of voluntarily waived fees and reimbursed expenses for the
period ended March 31, 1996 of $0.13 per share.
++ Total return would have been lower had the Adviser not waived
and assumed certain expenses during the period.