UAM Funds
Funds for the Informed Investorsm
Supplement dated March 12, 1999, To the ICM Fixed
Income Portfolio Institutional Class Prospectus Dated
February 16, 1999
The information contained in the Portfolio Managers
Section of this prospectus is hereby replaced
entirely by the following:
Stephen T. Scott, President and a Principal of the
adviser, has primary responsibility for the day-to-
day management of the portfolio. Mr. Scott
specializes in the management of pension assets,
private foundations and endowments. He joined the
adviser in 1973 after having served as portfolio
manager at Chase Manhattan Bank and Mercantile-Safe
Deposit and Trust Company. He is a graduate of
Randolph-Macon College and received an M.B.A. from
Columbia University Graduate School of Business.
Listed below are additional members of the adviser's
team of professionals and a description of their
business experience during the past five years.
Name & Title Experience
- ------------ ----------
Robert D. Mr. McDorman joined the adviser in
McDorman, Jr. June, 1985. His primary
Principal and responsibilities are the management
Chief of ICM Small Company Portfolio and
Investment related separate accounts and
Officer equity security analysis. Prior to
joining the adviser, Mr. McDorman
managed the Financial Industrial
Income Fund. Mr. McDorman earned
his B.A. degree at Trinity College
and his law degree at the
University of Baltimore. He is a
Chartered Financial Analyst.
Paul L. Mr. Borssuck joined the adviser in
Borssuck 1985 and heads the firm's
Principal Individual Capital Management
Division. Prior to joining ICM,
Mr. Borssuck served as Chairman of
the Investment Policy Committee at
Mercantile-Safe Deposit and Trust
Company where he managed portfolios
for high net worth clients. Prior
to that, he headed the
institutional funds management
section at American Security and
Trust Company in Washington, D.C.
Mr. Borssuck earned his B.S. degree
and M.B.A. from Lehigh University.
He is a Chartered Financial Analyst.
Robert F. Mr. Boyd joined the adviser in 1995
Boyd to focus on investment and
Principal quantitative/valuation research.
Before joining the adviser, he was
a Managing Director and portfolio
manager at Brandywine Asset
Management. Prior to that, he was
Senior Vice President, Director of
Research at Mercantile-Safe Deposit
and Trust Company, as well as a
portfolio manager. Mr. Boyd was
awarded his B.S. degree from the
University of Virginia and his
M.B.A. at Columbia University,
after which he joined Smith
Barney's research department. He
is a Chartered Financial Analyst.
Andrew L. Mr. Gilchrist joined the adviser in
Gilchrist 1996 as Director of Investment
Executive Technology. Prior to the adviser,
Vice Mr. Gilchrist served as Director of
President Investment Technology at
Mercantile-Safe Deposit and Trust
Company for 18 years. Before that,
he was with Merrill Lynch. Mr.
Gilchrist graduated with honors in
Economics from the University of
Maryland and earned a Masters from
Johns Hopkins University. He is a
member of the Society of
Quantitative Analysts.
Julie L. Hale Ms. Hale joined the adviser in 1998
Senior Vice with seventeen years of investment
President experience. Prior to joining the
adviser, she was a Senior Vice
President and mutual fund manager
for NationsBank Corporation from
1991 to 1998. She has a B.S.
degree from Mt. St. Mary's College
and an M.B.A. from Kent State
University. Ms. Hale is a
Chartered Financial Analyst and a
member of the National Association
of Petroleum Investment Analysts
(NAPIA).
Simeon F. Mr. Wooten joined the adviser in
Wooten, III 1998 as a research analyst and as a
Senior Vice member of the management team of
President the ICM Small Company Portfolio.
Prior to joining the adviser, he
served as Vice President/Research
at American Express Company, which
he joined in 1980. He is a
graduate of the Wharton School of
the University of Pennsylvania.
Mr. Wooten is a Chartered Financial
Analyst and Certified Public
Accountant.
William V. Mr. Heaphy joined the adviser in
Heaphy 1994 as a security analyst in the
Vice equity research department. Prior
President to joining the adviser, Mr. Heaphy
was an associate in the Baltimore
law firm of Ober, Kaler, Grimes and
Shriver, and before that, a staff
auditor with Price Waterhouse. Mr.
Heaphy earned his law degree from
the University of Maryland School
of Law and his B.S. from Lehigh
University. He is a Certified
Public Accountant and Chartered
Financial Analyst.
