UAM Funds
FUNDS FOR THE INFORMED INVESTOR SM
SUPPLEMENT DATED OCTOBER 5, 2000, TO THE
PROSPECTUSES OF THE FOLLOWING PORTFOLIOS:
ACADIAN EMERGING MARKETS PORTFOLIO, ANALYTIC
DEFENSIVE EQUITY FUND, ANALYTIC ENHANCED EQUITY
FUND, ANALYTIC INTERNATIONAL FUND, ANALYTIC
MASTER FIXED INCOME FUND, ANALYTIC SHORT-TERM
GOVERNMENT FUND, BHM&S TOTAL RETURN BOND
PORTFOLIO, C&B BALANCED PORTFOLIO, C&B EQUITY
PORTFOLIO, C&B EQUITY PORTFOLIO FOR TAXABLE
INVESTORS PORTFOLIO, C&B MID CAP EQUITY
PORTFOLIO, CAMBIAR OPPORTUNITY PORTFOLIO,
CHICAGO ASSET MANAGEMENT INTERMEDIATE BOND
PORTFOLIO, CHICAGO ASSET MANAGEMENT
VALUE/CONTRARIAN PORTFOLIO, CLIPPER FOCUS
PORTFOLIO, DSI BALANCED PORTFOLIO, DSI
DISCIPLINED VALUE PORTFOLIO, DSI LIMITED
MATURITY BOND PORTFOLIO, DSI MONEY MARKET
PORTFOLIO, DSI SMALL CAP VALUE PORTFOLIO, FMA
SMALL COMPANY PORTFOLIO, FPA CRESCENT PORTFOLIO,
HEITMAN REAL ESTATE PORTFOLIO, ICM SMALL COMPANY
PORTFOLIO, IRA CAPITAL PRESERVATION PORTFOLIO,
MCKEE DOMESTIC EQUITY PORTFOLIO, MCKEE
INTERNATIONAL EQUITY PORTFOLIO, MCKEE SMALL CAP
EQUITY PORTFOLIO, MCKEE U.S. GOVERNMENT
PORTFOLIO, MJI INTERNATIONAL EQUITY PORTFOLIO,
NWQ SPECIAL EQUITY PORTFOLIO, PELL RUDMAN MID-
CAP GROWTH PORTFOLIO, PIC TWENTY PORTFOLIO,
RICE, HALL JAMES SMALL CAP PORTFOLIO, RICE, HALL
JAMES SMALL/MID CAP PORTFOLIO, SIRACH BOND
PORTFOLIO, SIRACH EQUITY PORTFOLIO, SIRACH
GROWTH PORTFOLIO, SIRACH GROWTH II PORTFOLIO
(FORMERLY, HANSON EQUITY PORTFOLIO), SIRACH
SPECIAL EQUITY PORTFOLIO, SIRACH STRATEGIC
BALANCED PORTFOLIO, STERLING PARTNERS' BALANCED
PORTFOLIO, STERLING PARTNERS' EQUITY PORTFOLIO,
STERLING PARTNERS' SMALL CAP VALUE PORTFOLIO, TJ
CORE EQUITY PORTFOLIO, TS&W EQUITY PORTFOLIO,
TS&W FIXED INCOME PORTFOLIO, TS&W INTERNATIONAL
EQUITY PORTFOLIO AND TS&W INTERNATIONAL OCTAGON
PORTFOLIO (FORMERLY, JACOBS INTERNATIONAL
OCTAGON PORTFOLIO) (EACH A "PORTFOLIO").
Each portfolio's prospectus is hereby
supplemented as follows:
The "Investment Management Section" of each
portfolio's prospectus is revised to reflect
the following information:
The adviser of each portfolio is an
affiliate of United Asset Management
Corporation ("UAM"). On June 19, 2000,
Old Mutual, plc, a UK-based financial
services group with substantial asset
management, insurance and banking
businesses, and UAM entered into an
agreement for Old Mutual to acquire UAM
through a tender offer and merger. Old
Mutual's tender offer expired at 5:00 p.m.
EDT on September 25, 2000, and Old Mutual
accepted shares of UAM representing
approximately 93% of the outstanding
common stock of UAM. As of that date
there was a change in control of UAM, and
indirectly of each portfolio's adviser.
This change in control constitutes an
"assignment" of the portfolio's investment
advisory agreement under federal law,
which caused the agreement to terminate on
September 25, 2000. As required by federal
law, the portfolio's shareholders will be
asked to approve a new investment advisory
agreement with the adviser, to take effect
upon shareholder approval of the new
agreement. The new agreement will be
identical to the current agreement in all
respects except for its effective and
termination dates. The new agreement will
have no effect on the contractual advisory
fee rate payable by the portfolio. No
changes are currently planned which would
affect the services being provided to the
portfolio.
The following information is hereby added to
the section of each portfolio's prospectus
called "Shareholder Servicing Arrangements":
UAM Fund Distributors, Inc., the
portfolios' principal underwriter, may
participate in arrangements with selling
dealers where the selling dealer waives
its right to distribution or shareholder
servicing fees for selling portfolio
shares or servicing shareholder accounts.
These arrangements typically are intended
to avoid duplicate payment of fees, where
the selling dealer's transactions are
through an omnibus account with a
different clearing broker, and that broker
is entitled to receive distribution and/or
servicing fees from the portfolios.
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