UAM FUNDS
STERLING PARTNERS' PORTFOLIOS
INSTITUTIONAL CLASS SHARES
Sterling Partners' Balanced Portfolio
Sterling Partners' Equity Portfolio
Sterling Partners' Small Cap Value Portfolio
Sterling Partners' Short-Term Fixed Income Portfolio
Supplement dated August 8, 1997 to the Prospectus
dated January 3, 1997 as supplemented April 24, 1997 and June 30,
1997
The information under the heading "SHAREHOLDER SERVICES" on page 21
is supplemented as follows:
AUTOMATIC INVESTMENT PLAN
An Automatic Investment Plan permits shareholders of a
Portfolio with a minimum value of $2,500 or more to purchase
shares automatically (minimum of $100 per transaction) at
regular intervals selected by the shareholder. Provided the
shareholder's bank or other financial institution allows
automatic withdrawals, shares are purchased by transferring
funds via the Automated Clearing House ("ACH"). Investments
made through ACH will be automatically transferred from a
shareholder's checking, bank money market or NOW account
designated by the shareholder. Such withdrawals are made
electronically, if the shareholder's bank or financial
institution so permits, or by pre-authorized checks or drafts
drawn on the shareholder's bank or other account. The bank or
financial institution must be a member of ACH. At the
shareholder's option, the account designated will be debited
in the specified amount, and shares will be purchased monthly
or quarterly.
To establish an Automatic Investment Plan, a shareholder
must complete the Optional Services Form available from the
UAM Funds Service Center at 1-800-638-7983 and mail it to
Chase Global Funds Services Company. A shareholder may
cancel his/her participation or change the amount of purchase
at any time by mailing written notification to Chase Global
Funds Services Company, P.O. Box 2798, Boston, MA 02208-2798
and notification generally will be effective three business
days following receipt. The Fund may modify or terminate
this privilege at any time, or may charge a service fee,
although no such fee currently is contemplated.
SYSTEMATIC WITHDRAWAL PLAN
Any shareholder whose account balance totals at least
$10,000 may establish a Systematic Withdrawal Plan under
which an amount pre-determined by the shareholder (but at
least $100) is automatically redeemed from the shareholder's
account either monthly or quarterly. A shareholder may
participate in the Systematic Withdrawal Plan by using ACH.
Redemptions made through ACH will be automatically
transferred to the shareholder's bank or other similar
financial institution account or a properly designated third
party. The bank or financial institution must be a member of
ACH. Redemptions ordinarily are made on the third business
day of the month and payments ordinarily will be transmitted
within five business days after the redemption date. Because
the prices of Fund shares fluctuate, the number of shares
redeemed to finance systematic withdrawal payments of a given
amount will vary from payment to payment. If a shareholder
owns shares in more than one Portfolio, the shareholder must
designate the Portfolio from which the redemptions under a
Systematic Withdrawal Plan should be made. An additional
sheet may be attached to the Optional Services Form if a
shareholder selects more than one Portfolio. A Systematic
Withdrawal Plan may be terminated or suspended at any time by
the Fund. A shareholder may elect at any time, in writing,
to terminate participation in the Systematic Withdrawal Plan.
Such written election must be sent to and received by the
Fund before a termination becomes effective. There is
currently no charge to the shareholder for a Systematic
Withdrawal Plan.
UAM FUNDS
STERLING PARTNERS' PORTFOLIOS
INSTITUTIONAL SERVICE CLASS SHARES
Sterling Partners' Balanced Portfolio
Sterling Partners' Equity Portfolio
Sterling Partners' Small Cap Value Portfolio
Sterling Partners' Short-Term Fixed Income Portfolio
Supplement dated August 8, 1997 to the Prospectus
dated January 3, 1997 as supplemented April 24, 1997
The information under the heading "OTHER INVESTMENT POLICIES -
PORTFOLIO TURNOVER" on page 8 is amended as follows:
The Small Cap Value Portfolio will not trade in
securities for short-term profits but, when circumstances
warrant, securities may be sold without regard to length of
time held. It should be understood that the rate of
portfolio turnover will depend upon market and other
conditions, and it will not be a limiting factor when the
Adviser believes that portfolio changes are appropriate.
However, it is expected that the annual portfolio turnover
rate for the Small Cap Value Portfolio will not normally
exceed 100%.
In addition to Portfolio trading costs, higher rates of
portfolio turnover may result in the realization of capital
gains. (See "DIVIDENDS, CAPITAL GAINS DISTRIBUTIONS AND
TAXES" for information on taxation.)
The information under the heading "SHAREHOLDER SERVICES" on page 21
is supplemented as follows:
AUTOMATIC INVESTMENT PLAN
An Automatic Investment Plan permits shareholders of a
Portfolio with a minimum value of $2,500 or more to purchase
shares automatically (minimum of $100 per transaction) at
regular intervals selected by the shareholder. Provided the
shareholder's bank or other financial institution allows
automatic withdrawals, shares are purchased by transferring
funds via the Automated Clearing House ("ACH"). Investments
made through ACH will be automatically transferred from a
shareholder's checking, bank money market or NOW account
designated by the shareholder. Such withdrawals are made
electronically, if the shareholder's bank or financial
institution so permits, or by pre-authorized checks or drafts
drawn on the shareholder's bank or other account. The bank or
financial institution must be a member of ACH. At the
shareholder's option, the account designated will be debited
in the specified amount, and shares will be purchased monthly
or quarterly.
To establish an Automatic Investment Plan, a shareholder
must complete the Optional Services Form available from the
UAM Funds Service Center at 1-800-638-7983 and mail it to
Chase Global Funds Services Company. A shareholder may
cancel his/her participation or change the amount of purchase
at any time by mailing written notification to Chase Global
Funds Services Company, P.O. Box 2798, Boston, MA 02208-2798
and notification generally will be effective three business
days following receipt. The Fund may modify or terminate
this privilege at any time, or may charge a service fee,
although no such fee currently is contemplated.
SYSTEMATIC WITHDRAWAL PLAN
Any shareholder whose account balance totals at least
$10,000 may establish a Systematic Withdrawal Plan under
which an amount pre-determined by the shareholder (but at
least $100) is automatically redeemed from the shareholder's
account either monthly or quarterly. A shareholder may
participate in the Systematic Withdrawal Plan by using ACH.
Redemptions made through ACH will be automatically
transferred to the shareholder's bank or other similar
financial institution account or a properly designated third
party. The bank or financial institution must be a member of
ACH. Redemptions ordinarily are made on the third business
day of the month and payments ordinarily will be transmitted
within five business days after the redemption date. Because
the prices of Fund shares fluctuate, the number of shares
redeemed to finance systematic withdrawal payments of a given
amount will vary from payment to payment. If a shareholder
owns shares in more than one Portfolio, the shareholder must
designate the Portfolio from which the redemptions under a
Systematic Withdrawal Plan should be made. An additional
sheet may be attached to the Optional Services Form if a
shareholder selects more than one Portfolio. A Systematic
Withdrawal Plan may be terminated or suspended at any time by
the Fund. A shareholder may elect at any time, in writing,
to terminate participation in the Systematic Withdrawal Plan.
Such written election must be sent to and received by the
Fund before a termination becomes effective. There is
currently no charge to the shareholder for a Systematic
Withdrawal Plan.
