<PAGE>
UAM FUNDS
Funds for the Informed Investorsm
The Sirach Portfolios
Sirach Growth Portfolio
Sirach Bond Portfolio
Institutional Service Class Shares
Supplement dated January 3, 2001
to the Prospectus dated February 28, 2000
The third sentence of the first paragraph under the section titled "What are
the Investment Objectives of the Portfolios?" is hereby deleted and replaced
with the following: "A portfolio may change its investment objective without
shareholder approval."
Under the section titled "Investment Management-Investment Adviser," (1) the
first sentence is hereby deleted and replaced as follows: "Sirach Capital
Management, Inc., located at 520 Pike Tower, Seattle, Washington 98101, is the
investment adviser to each of the portfolios." and (2) the following should be
added: "United Asset Management Corporation is a wholly-owned subsidiary of
Old Mutual plc., a United Kingdom based financial services group."
The information under the section of the portfolios' prospectus titled
"Adviser's Historical Performance" is hereby deleted in its entirety.
Therefore, investors should not consider this information when making
investment decisions.
UAM LOGO HERE
<PAGE>
UAM FUNDS
Funds for the Informed Investorsm
The Sirach Portfolios
Sirach Growth Portfolio
Sirach Equity Portfolio
Sirach Special Equity Portfolio
Sirach Strategic Balanced Portfolio
Sirach Bond Portfolio
Institutional Class Shares
Supplement dated January 3, 2001
to the Prospectus dated February 28, 2000
as Supplemented on March 27, 2000
The third sentence of the first paragraph under the section titled "What are
the Investment Objectives of the Portfolios?" is hereby deleted and replaced
with the following: "A portfolio may change its investment objective without
shareholder approval."
Under the section titled "Investment Management-Investment Adviser" (1) the
first sentence is hereby deleted and replaced as follows: "Sirach Capital
Management, Inc., located at 520 Pike Tower, Seattle, Washington 98101, is the
investment adviser to each of the portfolios." and (2) the following should be
added: "United Asset Management Corporation is a wholly-owned subsidiary of
Old Mutual plc., a United Kingdom based financial services group."
The information under the section of the portfolios' prospectus titled
"Adviser's Historical Performance" is hereby deleted in its entirety.
Therefore, investors should not consider this information when making
investment decisions.
UAM LOGO HERE
