UAM FUNDS
FUNDS FOR THE INFORMED INVESTOR(SM)
SUPPLEMENT DATED NOVEMBER 12, 1999 TO THE DWIGHT CAPITAL
PRESERVATION PORTFOLIO'S INSTITUTIONAL CLASS PROSPECTUS
AND THE INSTITUTIONAL SERVICE CLASS PROSPECTUS DATED MAY
28, 1999
The information concerning the redemption fee in the
"Transaction Policies" section of the portfolios'
prospectuses is hereby replaced in its entirety by
the following information:
Redemption Fee
The portfolio will deduct a 2.00% redemption fee from
the redemption proceeds of any shareholder redeeming
shares of the portfolio held for less than twelve
months. Shareholders who have held their shares
continuously for at least twelve months would not pay
a redemption fee.
The portfolio charges the redemption fee primarily to
help minimize the impact the redemption may have on
the performance of the portfolio and to offset
certain transaction costs and administrative expenses
the portfolio incurs because of the redemption. The
portfolio also charges the redemption fee to
discourage market timing by those shareholders
initiating redemptions to take advantage of short-
term interest rate movements.
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