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Exhibit No. 16
POWER OF ATTORNEY
I, Brian M. Storms, Trustee and President (Chief Executive Officer) of
PaineWebber America Fund, PaineWebber Index Trust, PaineWebber Investment
Series, PaineWebber Investment Trust, PaineWebber Investment Trust II,
PaineWebber Managed Assets Trust, PaineWebber Managed Investments Trust,
PaineWebber Managed Municipal Trust, PaineWebber Municipal Money Market Series,
PaineWebber Municipal Series, PaineWebber Mutual Fund Trust, PaineWebber Olympus
Fund, PaineWebber Securities Trust, Liquid Institutional Reserves, Mitchell
Hutchins LIR Money Series, Mitchell Hutchins Securities Trust, and Mitchell
Hutchins Series Trust (each a "Trust"), hereby constitute and appoint Amy R.
Doberman, Dianne E. O'Donnell, Keith A. Weller, Arthur J. Brown, Elinor W.
Gammon and Benjamin J. Haskin, and each of them singly, my true and lawful
attorneys, with full power to sign for me, in my name and in my capacities as
Trustee and and as President (Chief Executive Officer) of each Trust, any
amendments to the current registration statement of the Trust on Form N-1A (as
filed with the Securities and Exchange Commission) and all instruments necessary
or desirable in connection therewith, and hereby ratify and confirm my signature
as it may be signed by said attorneys to these registration statements,
amendments to registration statements and other instruments.
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Signature Title Date
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/s/ Brian M. Storms Trustee and President November 13, 2000
------------------------------------ (Chief Executive Officer)
Brian M. Storms
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