n:\shared\legal\brinson\stickers\1997\class-sw.doc
June 30, 1997
THE BRINSON FUNDS (the "Trust")
SWISSKEY GLOBAL FUND SWISSKEY U.S. BALANCED FUND
SWISSKEY GLOBAL EQUITY FUND SWISSKEY U.S. EQUITY FUND
SWISSKEY GLOBAL BOND FUND SWISSKEY U.S. BOND FUND
SWISSKEY NON-U.S. EQUITY FUND
(each, a "Fund" and together, the "Funds")
Supplement to Prospectus dated October 28, 1996, as revised
and supplemented to date
Effective June 30, 1997, the Trust will offer a new class of
shares of the Global Fund, Global Equity Fund, Global Bond Fund,
Non-U.S. Equity Fund, U.S. Balanced Fund, U.S. Equity Fund and
U.S. Bond Fund series, known as "Brinson Global Fund-Class N,"
"Brinson Global Equity Fund-Class N," "Brinson Global Bond Fund-
Class N," "Brinson Non-U.S. Equity Fund-Class N," "Brinson U.S.
Balanced Fund-Class N," "Brinson U.S. Equity Fund-Class N" and
"Brinson U.S. Bond Fund-Class N" shares, respectively. In
addition, the "Brinson Global Fund," "Brinson Global Equity
Fund," "Brinson Global Bond Fund," "Brinson Non-U.S. Equity
Fund," "Brinson U.S. Balanced Fund," "Brinson U.S. Equity Fund"
and "Brinson U.S. Bond Fund" classes of shares have been
redesignated as the "Brinson Global Fund-Class I" shares,
"Brinson Global Equity Fund-Class I," "Brinson Global Bond Fund-
Class I," "Brinson Non-U.S. Equity Fund-Class I," "Brinson U.S.
Balanced Fund-Class I," "Brinson U.S. Equity Fund-Class I" and
"Brinson U.S. Bond Fund-Class I" shares. All references in the
Prospectus to "Brinson Fund class shares" should be read to mean
"Brinson Fund-Class I shares."
As a result of these changes, the Trust issues three classes of
shares that invest in the same portfolios of securities. While
none of the Trust's classes have sales loads, the SwissKey Fund
class shares and Brinson Fund-Class N shares are subject to
varying Rule 12b-1 Plan expenses. Brinson Funds-Class I shares
are designed for institutional investors and are not subject to
Rule 12b-1 expenses. As a result of the classes' differing
expenses, performance will vary between the classes. In
addition, there are also differences in minimum investment
amounts and the voting rights as between the classes. Further
information about the Brinson Fund-Class I and Brinson Fund-Class
N shares of the Trust may be obtained by calling 1-800-448-2430.
This information supplements and supersedes any contrary
information contained in the Funds' Prospectus. Please be sure
to retain this supplement with your Prospectus.
