UAM FUNDS
FUNDS FOR THE INFORMED INVESTOR (sm)
SUPPLEMENT DATED APRIL 20, 2000 TO THE
FMA SMALL COMPANY PORTFOLIO INSTITUTIONAL AND
INSTITUTIONAL SERVICE CLASS PROSPECTUSES
DATED FEBRUARY 28, 2000
Effective April 30, 2000, Fiduciary
Management Associates, the portfolio's
investment adviser, will limit the expenses
of each class of the portfolio to the extent
necessary to keep total expenses (excluding
interest, taxes, brokerage commissions and
extraordinary expenses) from exceeding the
amount presented in the table below,
expressed as a percentage of the portfolio's
average daily net assets. The adviser may
change or cancel its expense limitation at
any time.
Expense Limit
Institutional Class 1.20%
Institutional Service Class 1.60%
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