UAM FUNDS
FUNDS FOR THE INFORMED INVESTOR SM
SUPPLEMENT DATED OCTOBER 20, 2000, TO THE
PROSPECTUSES OF THE MJI INTERNATIONAL EQUITY
PORTFOLIO
Murray Johnstone International, Ltd.
("Murray Johnstone"), the fund's investment
adviser, is a subsidiary of Old Mutual plc.
On October 11, 2000, it was announced that
Old Mutual had agreed to sell Murray
Johnstone to Aberdeen Asset Management PLC
("Aberdeen"), an internationally based fund
management company that manages investments
for private individuals and institutions
around the world. Aberdeen has its
headquarters in Aberdeen, Scotland, but also
has offices in the United States, Singapore,
Hong Kong, England, Ireland and Luxembourg.
Aberdeen and Old Mutual expect to complete
the acquisition of Murray Johnstone in
November 2000, subject to a number of
conditions. As required by the Investment
Company Act of 1940, the fund's shareholders
will be asked to approve a new investment
advisory agreement with the adviser, to take
effect upon the consummation of the
transaction. The new agreement will remain
between the fund and Murray Johnstone and
will be identical to the current agreement
in all respects except for its effective and
termination dates. The new agreement will
have no effect on the contractual advisory
fee rate payable by the fund. No changes
are currently planned which would affect the
services being provided to the fund.
UAM Logo goes here (registered trademark)
