UAM FUNDS
CHICAGO ASSET MANAGEMENT INTERMEDIATE BOND PORTFOLIO
CHICAGO ASSET MANAGEMENT VALUE/CONTRARIAN PORTFOLIO
INSTITUTIONAL CLASS SHARES
SUPPLEMENT DATED JANUARY 8, 1998 TO THE
STATEMENT OF ADDITIONAL INFORMATION DATED JULY 10, 1997
The following information is provided to supplement the list of
publications, indices and averages as set forth on page B-1 under
the heading "APPENDIX B - COMPARISON PUBLICATIONS, INDICES AND
AVERAGES":
(bb) Lehman Brothers Intermediate Government/Corporate Index - is
an unmanaged index composed of a combination of the Lehman
Intermediate Government Bond and Lehman Intermediate
Corporate Bond Indices. All issues are investment grade
(BBB) or higher, with maturities of one to ten years and an
outstanding par value of at least $100 million for U.S.
Government issues and $25 million for others. The Government
Bond Index includes public obligations of the U.S. Treasury,
issues of Government agencies, and corporate debt backed by
the U.S. Government. The Corporate Bond Index includes fixed-
rate nonconvertible corporate debt. Also included are Yankee
bonds and nonconvertible debt issued by or guaranteed by
foreign or international governments and agencies. Any
security downgraded during the month is held in the index
until month-end and then removed. All returns are market
value weighted inclusive of accrued income.
