UAM FUNDS
THE C & B PORTFOLIOS
INSTITUTIONAL CLASS SHARES
C & B Equity Portfolio
C & B Equity Portfolio for Taxable Investors
C & B Mid Cap Equity Portfolio
C & B Balanced Portfolio
Supplement dated April 4, 1997 to the
Prospectus dated January 3, 1997
The information under the heading "FUND EXPENSES" on page 1
of the Prospectus is amended as follows:
Shareholder Transaction Expenses
Taxable Mid
Equity Balanced Equity Cap
Portfolio Portfolio Portfolio Portfolio
_________ _________ _________ _________
Sales Load Imposed on
Purchases NONE NONE NONE NONE
Sales Load Imposed on
Reinvested Dividends NONE NONE NONE NONE
Deferred Sales Load NONE NONE NONE NONE
Redemption Fees NONE NONE 1%* NONE
Exchange Fees NONE NONE NONE NONE
_____________________
* A 1% redemption fee is charged on shares held less than one year.
The information under the heading "PROSPECTUS SUMMARY -
REDEMPTIONS AND EXCHANGES" and "REDEMPTION OF SHARES" on
pages 3 and 19, respectively, of the Prospectus is amended
as follows:
Shares of each Portfolio may be redeemed by mail or
telephone, at any time, at the net asset value of the
Portfolio next determined after the receipt of the
redemption request. No charge is made for the
redemption of shares of the Equity, Mid Cap and
Balanced Portfolios. Shares of the Taxable Equity
Portfolio held for less than one year will be subject
to a 1% redemption fee to be retained by the Fund for
the benefit of the Portfolio's remaining shareholders.
This fee is designed to encourage long-term investment
in the Taxable Equity Portfolio, to offset transaction
and other expenses caused by early redemptions and to
facilitate portfolio management. Any redemption may be
more or less than the purchase price of your shares
depending on the market value of the investment
securities held by the Portfolio.
Finally, all other discussion of redemption fees, or the
absence of such fees, is amended to reflect the 1%
redemption fee discussed above.
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UAM FUNDS
THE C & B PORTFOLIOS
INSTITUTIONAL CLASS SHARES
C & B Equity Portfolio
C & B Equity Portfolio for Taxable Investors
C & B Mid Cap Equity Portfolio
C & B Balanced Portfolio
Supplement dated April 4, 1997 to the
Statement of Additional Information dated January 3, 1997
The information under the heading "REDEMPTION OF SHARES" on
pages 5-6 of the Statement of Additional Information is
amended as follows:
No charge is made by the Equity, Mid Cap and
Balanced Portfolios for redemptions. Shares of the
Taxable Equity Portfolio held for less than one
year will be subject to a 1% redemption fee. Any
redemption may be more or less than the
shareholder's initial cost depending on the market
value of the securities held by the Portfolio.
