<PAGE>
THE BRINSON FUNDS (the "Trust")
SUPPLEMENT TO THE PROSPECTUS
FOR THE BRINSON FUND -- CLASS I SHARES
Prospectus Dated February 11, 1998
The following information supplements and supersedes any contrary information
contained in the Trust's Prospectus. Please be sure to retain this supplement
with your Prospectus.
Add the following four sentences immediately after the sixth sentence in the
first paragraph of the section titled "Management of the Trust -- The Advisor":
Effective on June 29, 1998, Swiss Bank and Union Bank of Switzerland
merged. The merger did not result in a change of control or assignment
and, therefore, did not result in a termination of the investment advisory
agreements between Brinson Partners and the Trust, on behalf of each
Series. The resulting entity is named UBS AG. After the merger, Brinson
Partners will continue its role as investment advisor to the Trust as part
of the UBS Brinson Division of UBS AG.
This supplement is dated June 29, 1998.
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THE BRINSON FUNDS (the "Trust")
SUPPLEMENT TO THE PROSPECTUS
FOR THE BRINSON FUND -- CLASS N SHARES
Prospectus Dated February 11, 1998
The following information supplements and supersedes any contrary information
contained in the Trust's Prospectus. Please be sure to retain this supplement
with your Prospectus.
Add the following four sentences immediately after the sixth sentence in the
first paragraph of the section titled "Management of the Trust -- The Advisor":
Effective on June 29, 1998, Swiss Bank and Union Bank of Switzerland
merged. The merger did not result in a change of control or assignment
and, therefore, did not result in a termination of the investment advisory
agreements between Brinson Partners and the Trust, on behalf of each
Series. The resulting entity is named UBS AG. After the merger, Brinson
Partners will continue its role as investment advisor to the Trust as part
of the UBS Brinson Division of UBS AG.
This supplement is dated June 29, 1998.
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SWISSKEY GLOBAL FUND SWISSKEY U.S. EQUITY FUND
SWISSKEY GLOBAL EQUITY FUND SWISSKEY U.S. LARGE
SWISSKEY GLOBAL BOND FUND CAPITALIZATION EQUITY FUND
SWISSKEY U.S. BALANCED FUND SWISSKEY U.S. BOND FUND
SWISSKEY NON-U.S. EQUITY FUND
Supplement to Prospectus Dated February 11, 1998
The following information supplements and supersedes any contrary information
contained in the Trust's Prospectus. Please be sure to retain this supplement
with your Prospectus.
Add the following four sentences immediately after the sixth sentence in the
first paragraph of the section titled "Management of the Trust -- The Advisor":
Effective on June 29, 1998, Swiss Bank and Union Bank of Switzerland
merged. The merger did not result in a change of control or assignment
and, therefore, did not result in a termination of the investment advisory
agreements between Brinson Partners and the Trust, on behalf of each
Series. The resulting entity is named UBS AG. After the merger, Brinson
Partners will continue its role as investment advisor to the Trust as part
of the UBS Brinson Division of UBS AG.
This supplement is dated June 29, 1998.
<PAGE>
THE BRINSON FUNDS (the "Trust")
GLOBAL FUND
GLOBAL EQUITY FUND
GLOBAL BOND FUND
U.S. BALANCED FUND
U.S. EQUITY FUND
U.S. LARGE CAPITALIZATION EQUITY FUND
U.S. BOND FUND
NON-U.S. EQUITY FUND
Supplement to Statement of Additional Information dated February 11, 1998
The following information supplements and supersedes any contrary information
contained in the Trust's Statement of Additional Information. Please be sure to
retain this supplement with your Statement of Additional Information.
Add the following three sentences immediately after the sixth sentence in the
first paragraph of the section titled "Investment Advisory and Other Services --
Advisor".
Effective on June 29, 1998, Swiss Bank and Union Bank of Switzerland
merged. The resulting entity is named UBS AG. After the merger, Brinson
Partners will continue its role as investment advisor to the Trust as part
of the UBS Brinson Division of UBS AG.
This supplement is dated June 29, 1998.
