UAM FUNDS
FUNDS FOR THE INFORMED INVESTOR sm
SUPPLEMENT DATED MAY 10, 2000, TO THE MCKEE PORTFOLIOS'
PROSPECTUS DATED FEBRUARY 28, 2000
The portfolios' prospectus is hereby revised to permit
the McKee Small Cap Equity Portfolio to invest, under
normal circumstances, at least 65% of its assets in
companies with small market capitalizations at the time
of initial purchase. The McKee Small Cap Equity
Portfolio considers a company to have a small market
capitalization when its market capitalization is less
than $1 billion or when its market capitalization falls
within the market capitalization range of the Russell
2000 Index. As of April 30, 2000, the Russell 2000
Index had a weighted average market capitalization of
$1.5 billion. As of the same date the smallest company
in the Russell 2000 had a market capitalization of $10
million and the largest company had a market
capitalization of $8 billion.
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