PAINEWEBBER PACE SELECT ADVISORS TRUST
NSAR-B/A, 1999-09-29
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<PAGE>      PAGE  1
000 B000000 07/31/99
000 C000000 0000930007
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 PAINWEBBER PACE SELECT ADVISORS TRUST
001 B000000 811-8764
001 C000000 2127133041
002 A000000 1285 AVENUE OF THE AMERICAS
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10019
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000 12
007 C010100  1
007 C020100 PACE MONEY MARKET INVESTMENTS
007 C030100 N
007 C010200  2
007 C020200 PACE GOVERNMENT SECURITIES FIXED INCOME INV.
007 C030200 N
007 C010300  3
007 C020300 PACE INTERMEDIATE FIXED INCOME INVESTMENTS
007 C030300 N
007 C010400  4
007 C020400 PACE STRATEGIC FIXED INCOME INVESTMENTS
007 C030400 N
007 C010500  5
007 C020500 PACE MUNICIPAL FIXED INCOME INVESTMENTS
007 C030500 N
007 C010600  6
007 C020600 PACE GLOBAL FIXED INCOME INVESTMENTS
007 C030600 N
007 C010700  7
007 C020700 PACE LARGE COMPANY VALUE EQUITY INVESTMENTS
007 C030700 N
007 C010800  8
007 C020800 PACE LARGE COMPANY GROWTH EQUITY INVESTMENTS
007 C030800 N
007 C010900  9
007 C020900 PACE SMALL/MEDIUM COMPANY VALUE EQUITY INV.
007 C030900 N
007 C011000 10
007 C021000 PACE SMALL/MEDIUM COMPANY GROWTH EQUITY INV.
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 PACE INTERNATIONAL EQUITY INVESTMENTS
007 C031100 N
007 C011200 12
007 C021200 PACE INTERNATIONAL EMERGING MARKETS EQUITY IN
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
010 A00AA01 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
010 B00AA01 801-13219
010 C01AA01 NEW YORK
010 C02AA01 NY
010 C03AA01 10019
011 A00AA01 PAINEWEBBER INC.
011 B00AA01 8-16267
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10019
012 A00AA01 PFPC, INC.
012 B00AA01 84-00000
012 C01AA01 WILMINGTON
012 C02AA01 DE
012 C03AA01 19809
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10019
014 A00AA01 PAINEWEBBER INC.
014 B00AA01 8-16267
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02171
015 E01AA01 X
015 A00AA02 CITIBANK NA
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC CUSTODIAN NOMINEES
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
<PAGE>      PAGE  3
015 E04AA03 X
015 A00AA04 GIROCREDIT BANK
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 GENERALE DE BANQUE
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 EUROCLEAR LONDON
015 B00AA07 S
015 C01AA07 BRUSSELS
015 D01AA07 BELGIUM
015 E04AA07 X
015 A00AA08 CEDEL BANK
015 B00AA08 S
015 C01AA08 BRUSSELS
015 D01AA08 BELGIUM
015 E04AA08 X
015 A00AA09 BARCLAYS BANK OF BOTSWANA
015 B00AA09 S
015 C01AA09 GABORONE
015 D01AA09 BOTSWANA
015 E04AA09 X
015 A00AA10 CITIBANK NA
015 B00AA10 S
015 C01AA10 SAO PAULO
015 D01AA10 BRAZIL
015 E04AA10 X
015 A00AA11 CANADA TRUST CO
015 B00AA11 S
015 C01AA11 TORONTO
015 D01AA11 CANADA
015 E04AA11 X
015 A00AA12 CITIBANK NA
015 B00AA12 S
015 C01AA12 SANTIAGO
015 D01AA12 CHILE
015 E04AA12 X
015 A00AA13 HONG KONG & SHANGHAI BANK
015 B00AA13 S
015 C01AA13 SHANGHAI
015 D01AA13 CHINA
015 E04AA13 X
<PAGE>      PAGE  4
015 A00AA14 HONG KONG & SHANGHAI BANK
015 B00AA14 S
015 C01AA14 SHENZHEN
015 D01AA14 CHINA
015 E04AA14 X
015 A00AA15 CITITRUST SA
015 B00AA15 S
015 C01AA15 BOGOTA
015 D01AA15 COLOMBIA
015 E04AA15 X
015 A00AA16 BARCLAYS BANK PLC
015 B00AA16 S
015 C01AA16 NICOSIA
015 D01AA16 CYPRUS
015 E04AA16 X
015 A00AA17 CEKOSLOVENSKA OBCHODNI BANKA
015 B00AA17 S
015 C01AA17 PRAGUE
015 D01AA17 CZECH REPUBLIC
015 E04AA17 X
015 A00AA18 DEN DANSKE
015 B00AA18 S
015 C01AA18 COPENHAGEN
015 D01AA18 DENMARK
015 E04AA18 X
015 A00AA19 CITIBANK NA
015 B00AA19 S
015 C01AA19 QUITO
015 D01AA19 ECUADOR
015 E04AA19 X
015 A00AA20 NATIONAL BANK OF EGYPT
015 B00AA20 S
015 C01AA20 CAIRO
015 D01AA20 EGYPT
015 E04AA20 X
015 A00AA21 MERITA BANK
015 B00AA21 S
015 C01AA21 HELSINKI
015 D01AA21 FINLAND
015 E04AA21 X
015 A00AA22 BANQUE PARIBAS
015 B00AA22 S
015 C01AA22 PARIS
015 D01AA22 FRANCE
015 E04AA22 X
015 A00AA23 DRESDNER BANK
015 B00AA23 S
015 C01AA23 FRANKFURT
015 D01AA23 GERMANY
015 E04AA23 X
015 A00AA24 BARCLAYS BANK OF GHANA LTD
<PAGE>      PAGE  5
015 B00AA24 S
015 C01AA24 ACCRA
015 D01AA24 GHANA
015 E04AA24 X
015 A00AA25 NATIONAL BANK OF GREECE
015 B00AA25 S
015 C01AA25 ATHENS
015 D01AA25 GREECE
015 E04AA25 X
015 A00AA26 STANDARD CHARTERED
015 B00AA26 S
015 C01AA26 HONG KONG
015 D01AA26 HONG KONG
015 E04AA26 X
015 A00AA27 CITIBANK BUDAPEST
015 B00AA27 S
015 C01AA27 BUDAPEST
015 D01AA27 HUNGARY
015 E04AA27 X
015 A00AA28 HONG KONG & SHANGHAI BANKING CORP
015 B00AA28 S
015 C01AA28 MUMBAI
015 D01AA28 INDIA
015 E04AA28 X
015 A00AA29 DEUTSCHE BANK
015 B00AA29 S
015 C01AA29 MUMBAI
015 D01AA29 INDIA
015 E04AA29 X
015 A00AA30 STANDARD CHARTERED BANK
015 B00AA30 S
015 C01AA30 MUMBAI
015 D01AA30 INDONESIA
015 E04AA30 X
015 A00AA31 STANDARD CHARTERED
015 B00AA31 S
015 C01AA31 JAKARTA
015 D01AA31 INDONESIA
015 E04AA31 X
015 A00AA32 BANK OF IRELAND
015 B00AA32 S
015 C01AA32 DUBLIN
015 D01AA32 IRELAND
015 E04AA32 X
015 A00AA33 BANK HAPOALIM BM
015 B00AA33 S
015 C01AA33 TEL AVIV
015 D01AA33 ISRAEL
015 E04AA33 X
015 A00AA34 MORGAN GUARANTY TRUST COMPANY
015 B00AA34 S
<PAGE>      PAGE  6
015 C01AA34 MONTE TITOLI
015 D01AA34 ITALY
015 E04AA34 X
015 A00AA35 SOCIETE GENERALE DE BANQUES EN COTE D IVOIRE
015 B00AA35 S
015 C01AA35 IVORY
015 D01AA35 IVORY COAST
015 E04AA35 X
015 A00AA36 SUMITOMO TRUST & BANKING CO. LTD
015 B00AA36 S
015 C01AA36 TOKYO
015 D01AA36 JAPAN
015 E04AA36 X
015 A00AA37 FUJI BANK
015 B00AA37 S
015 C01AA37 TOKYO
015 D01AA37 JAPAN
015 E04AA37 X
015 A00AA38 DAIWA BANK
015 B00AA38 S
015 C01AA38 TOKYO
015 D01AA38 JAPAN
015 E04AA38 X
015 A00AA39 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA39 S
015 C01AA39 AMMAN
015 D01AA39 JORDAN
015 E04AA39 X
015 A00AA40 BARCLAYS BANK OF KENYA LTD
015 B00AA40 S
015 C01AA40 NAIROBI
015 D01AA40 KENYA
015 E04AA40 X
015 A00AA41 SEOUL BANK
015 B00AA41 S
015 C01AA41 SEOUL
015 D01AA41 KOREA
015 E04AA41 X
015 A00AA42 THE BRITISH BANK OF THE MIDDLE EAST
015 B00AA42 S
015 C01AA42 BEIRUT
015 D01AA42 LEBANON
015 E04AA42 X
015 A00AA43 STANDARD CHARTERED BANK
015 B00AA43 S
015 C01AA43 KUALA LUMPUR
015 D01AA43 MALAYSIA
015 E04AA43 X
015 A00AA44 CITIBANK MEXICO SA
015 B00AA44 S
015 C01AA44 MEXICO CITY
<PAGE>      PAGE  7
015 D01AA44 MEXICO
015 E04AA44 X
015 A00AA45 BANQUE COMMERCIALE DU MAROC
015 B00AA45 S
015 C01AA45 CASABLANCA
015 D01AA45 MOROCCO
015 E04AA45 X
015 A00AA46 HONG KONG & SHANGHAI BANKING CORP
015 B00AA46 S
015 C01AA46 PORT LOUIS
015 D01AA46 MAURITIUS
015 E04AA46 X
015 A00AA47 MEESPIERSON NV
015 B00AA47 S
015 C01AA47 AMSTERDAM
015 D01AA47 NETHERLANDS
015 E04AA47 X
015 A00AA48 ANZ (NZ)
015 B00AA48 S
015 C01AA48 WELLINGTON
015 D01AA48 NEW ZEALAND
015 E04AA48 X
015 A00AA49 CHRISTIANA
015 B00AA49 S
015 C01AA49 OSLO
015 D01AA49 NORWAY
015 E04AA49 X
015 A00AA50 DEUTSCHE BANK AG
015 B00AA50 S
015 C01AA50 KARACHI
015 D01AA50 PAKISTAN
015 E04AA50 X
015 A00AA51 CITIBANK NA
015 B00AA51 S
015 C01AA51 LIMA
015 D01AA51 PERU
015 E04AA51 X
015 A00AA52 STANDARD CHARTERED
015 B00AA52 S
015 C01AA52 MANILA
015 D01AA52 PHILLIPINES
015 E04AA52 X
015 A00AA53 CITIBANK POLAND SA
015 B00AA53 S
015 C01AA53 WARSAW
015 D01AA53 POLAND
015 E04AA53 X
015 A00AA54 BANCO COMMERCIALE PORTUGEUS
015 B00AA54 S
015 C01AA54 LISBON
015 D01AA54 PORTUGAL
<PAGE>      PAGE  8
015 E04AA54 X
015 A00AA55 STANDARD BANK OF SOUTH AFRICA
015 B00AA55 S
015 C01AA55 JOHANNESBURG
015 D01AA55 SOUTH AFRICA
015 E04AA55 X
015 A00AA56 THE DEVELOPMENT BANK OF SINGAPORE LTD
015 B00AA56 S
015 C01AA56 SINGAPORE
015 D01AA56 SINGAPORE
015 E04AA56 X
015 A00AA57 BANCO SANTANDER
015 B00AA57 S
015 C01AA57 MADRID
015 D01AA57 SPAIN
015 E04AA57 X
015 A00AA58 HONG KONG & SHANGHAI BANK
015 B00AA58 S
015 C01AA58 COLOMBO
015 D01AA58 SRI LANKA
015 E04AA58 X
015 A00AA59 BANK OF SWAZILAND
015 B00AA59 S
015 C01AA59 MBABANE
015 D01AA59 SWAZILAND
015 E04AA59 X
015 A00AA60 SKANDINAVISKA ENSKILDA
015 B00AA60 S
015 C01AA60 STOCKHOLM
015 D01AA60 SWEDEN
015 E04AA60 X
015 A00AA61 CESKOSLOVENSKA OBCHODNA BANK AS
015 B00AA61 S
015 C01AA61 BRATSLAVIA
015 D01AA61 SLOVAK REPUBLIC
015 E04AA61 X
015 A00AA62 UNION BANK OF SWITZERLAND
015 B00AA62 S
015 C01AA62 ZURICH
015 D01AA62 SWITZERLAND
015 E04AA62 X
015 A00AA63 CENTRAL TRUST OF CHINA
015 B00AA63 S
015 C01AA63 TAIPEI
015 D01AA63 TAIWAN
015 E04AA63 X
015 A00AA64 CREDIT SUISSE, ZURICH
015 B00AA64 S
015 C01AA64 MOSCOW
015 D01AA64 RUSSIA
015 E04AA64 X
<PAGE>      PAGE  9
015 A00AA65 STANDARD CHARTERED BANK
015 B00AA65 S
015 C01AA65 BANGKOK
015 D01AA65 THAILAND
015 E04AA65 X
015 A00AA66 BARCLAYS BANK OF ZIMBABWE
015 B00AA66 S
015 C01AA66 ZIMBABWE
015 D01AA66 ZIMBABWE
015 E04AA66 X
015 A00AA67 CITIBANK
015 B00AA67 S
015 C01AA67 ISTANBUL
015 D01AA67 TURKEY
015 E04AA67 X
015 A00AA68 BARCLAYS BANK OF ZAMBIA LTD
015 B00AA68 S
015 C01AA68 WINDHEOK
015 D01AA68 ZAMBIA
015 E04AA68 X
015 A00AA69 STATE STREET BANK
015 B00AA69 S
015 C01AA69 LONDON
015 D01AA69 UNITED KINGDOM
015 E04AA69 X
015 A00AA70 CITIBANK NA
015 B00AA70 S
015 C01AA70 URUAGUAY
015 D01AA70 URUGUAY
015 E04AA70 X
015 A00AA71 CITIBANK NA
015 B00AA71 S
015 C01AA71 CARACAS
015 D01AA71 VENEZUELA
015 E04AA71 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   73
019 C00AA00 PAINEWEBBR
020 A000001 MERRILL LYNCH PIERCE FENNER SMITH
020 B000001 13-5674085
020 C000001    283
020 A000002 INSTINET CO.
020 B000002 13-3443395
020 C000002    213
020 A000003 MORGAN STANLEY AND CO, INC.
020 B000003 13-2655998
020 C000003    160
020 A000004 JEFFRIES & CO.
020 B000004 13-2655998
020 C000004    141
<PAGE>      PAGE  10
020 A000005 SALOMAN BROTHERS
020 B000005 00-0000000
020 C000005    104
020 A000006 CS FIRST BOSTON CORP.
020 B000006 13-5659485
020 C000006     99
020 A000007 GOLDMAN SACHS
020 B000007 00-0000000
020 C000007     98
020 A000008 WI CARR
020 B000008 00-0000000
020 C000008     83
020 A000009 JANNEY MONTGOMERY,SCOTT
020 B000009 00-0000000
020 C000009     64
020 A000010 CANTOR FITZGERALD
020 B000010 00-0000000
020 C000010     64
021  000000     2727
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001  16363799
022 D000001   2099468
022 A000002 SOCIETE GENERALE
022 B000002 13-2932996
022 C000002    806256
022 D000002         0
022 A000003 LEHMAN BROTHERS
022 B000003 00-0000000
022 C000003    431992
022 D000003    258335
022 A000004 MORGAN STANLEY, DEAN WITTER & CO., INC.
022 B000004 13-2655998
022 C000004    413343
022 D000004    210283
022 A000005 NOMURA SECURITIES
022 B000005 13-5108880
022 C000005    242157
022 D000005    233194
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006    273832
022 D000006    125017
022 A000007 BEAR STEARNS
022 B000007 13-3299429
022 C000007    211809
022 D000007    175956
022 A000008 WARBURG DILLION REED
022 B000008 00-0000000
022 C000008    313036
022 D000008     23712
<PAGE>      PAGE  11
022 A000009 DRESNER
022 B000009 13-5659485
022 C000009    274278
022 D000009         0
022 A000010 DONALDSON, LUFKIN & JENRETTE
022 B000010 00-0000000
022 C000010    144079
022 D000010    123096
023 C000000   21906358
023 D000000    4141259
024  00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 Y
040  00AA00 N
042 A00AA00   0
042 B00AA00   0
042 C00AA00   0
042 D00AA00   0
042 E00AA00   0
042 F00AA00   0
042 G00AA00   0
042 H00AA00   0
043  00AA00      0
044  00AA00      0
049  00AA00 N
050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
<PAGE>      PAGE  12
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 Y
055 B00AA00 N
056  00AA00 Y
057  00AA00 N
058 A00AA00 N
059  00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061  00AA00    25000
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 Y
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 Y
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 ICI MUTUAL INSURANCE CO.
080 B00AA00 .
080 C00AA00    50000
081 A00AA00 Y
081 B00AA00  61
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
<PAGE>      PAGE  13
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
008 A000101 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B000101 A
008 C000101 801-13219
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10019
028 A010100      1333
028 A020100       178
028 A030100         0
028 A040100      1708
028 B010100      3204
028 B020100       101
028 B030100         0
028 B040100      1187
028 C010100      1791
028 C020100       121
028 C030100         0
028 C040100      3490
028 D010100      1457
028 D020100       125
028 D030100         0
028 D040100      1308
028 E010100     44928
028 E020100       112
028 E030100         0
028 E040100     26521
028 F010100      3749
028 F020100       189
028 F030100         0
028 F040100      6975
028 G010100     56462
028 G020100       826
028 G030100         0
028 G040100     41189
028 H000100         0
<PAGE>      PAGE  14
045  000100 Y
046  000100 N
047  000100 Y
048  000100  0.350
048 A010100        0
048 A020100 0.000
048 B010100        0
048 B020100 0.000
048 C010100        0
048 C020100 0.000
048 D010100        0
048 D020100 0.000
048 E010100        0
048 E020100 0.000
048 F010100        0
048 F020100 0.000
048 G010100        0
048 G020100 0.000
048 H010100        0
048 H020100 0.000
048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
048 K020100 0.000
062 A000100 Y
062 B000100   0.0
062 C000100  19.6
062 D000100   0.0
062 E000100   0.0
062 F000100   0.7
062 G000100   9.3
062 H000100   2.3
062 I000100  59.3
062 J000100   0.0
062 K000100   0.0
062 L000100  10.1
062 M000100   0.0
062 N000100   0.0
062 O000100   0.0
062 P000100   0.0
062 Q000100   0.0
062 R000100   0.0
063 A000100  56
063 B000100  0.0
066 A000100 N
067  000100 N
068 A000100 N
068 B000100 N
069  000100 N
<PAGE>      PAGE  15
070 A010100 Y
070 A020100 Y
070 B010100 N
070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100         0
071 B000100         0
071 C000100         0
071 D000100    0
072 A000100 12
072 B000100     1698
072 C000100        0
072 D000100        0
072 E000100        0
072 F000100      114
072 G000100        0
072 H000100        0
072 I000100      113
072 J000100        4
072 K000100       12
<PAGE>      PAGE  16
072 L000100       13
072 M000100       26
072 N000100       14
072 O000100        0
072 P000100        0
072 Q000100        0
072 R000100       17
072 S000100       12
072 T000100        0
072 U000100       19
072 V000100        0
072 W000100        4
072 X000100      348
072 Y000100      185
072 Z000100     1535
072AA000100        0
072BB000100        0
072CC010100        0
072CC020100        0
072DD010100     1535
072DD020100        0
072EE000100        0
073 A010100   0.0474
073 A020100   0.0000
073 B000100   0.0000
073 C000100   0.0000
074 A000100        0
074 B000100        0
074 C000100    47258
074 D000100        0
074 E000100        0
074 F000100        0
074 G000100        0
074 H000100        0
074 I000100        0
074 J000100        0
074 K000100        7
074 L000100      549
074 M000100       89
074 N000100    47903
074 O000100        0
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100      729
074 S000100        0
074 T000100    47174
074 U010100    47174
074 U020100        0
<PAGE>      PAGE  17
074 V010100     1.00
074 V020100     0.00
074 W000100   0.9996
074 X000100    29593
074 Y000100        0
075 A000100    32688
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008 A001102 MARTIN CURRIE INC.
008 B001102 S
008 C001102 801-00000
008 D011102 EDINBURGH
008 D051102 SCOTLAND
008 D061102 EH12ES
028 A011100      7594
028 A021100         0
028 A031100         0
<PAGE>      PAGE  54
028 A041100      3928
028 B011100      6986
028 B021100         0
028 B031100         0
028 B041100      5697
028 C011100      7152
028 C021100         0
028 C031100         0
028 C041100      4562
028 D011100      6193
028 D021100         0
028 D031100         0
028 D041100      3814
028 E011100      6339
028 E021100         0
028 E031100         0
028 E041100      4154
028 F011100      5238
028 F021100         0
028 F031100         0
028 F041100      2960
028 G011100     39502
028 G021100         0
028 G031100         0
028 G041100     25115
028 H001100         0
045  001100 Y
046  001100 N
047  001100 Y
048  001100  0.900
048 A011100        0
048 A021100 0.000
048 B011100        0
048 B021100 0.000
048 C011100        0
048 C021100 0.000
048 D011100        0
048 D021100 0.000
048 E011100        0
048 E021100 0.000
048 F011100        0
048 F021100 0.000
048 G011100        0
048 G021100 0.000
048 H011100        0
048 H021100 0.000
048 I011100        0
048 I021100 0.000
048 J011100        0
048 J021100 0.000
048 K011100        0
<PAGE>      PAGE  55
048 K021100 0.000
062 A001100 N
062 B001100   0.0
062 C001100   0.0
062 D001100   0.0
062 E001100   0.0
062 F001100   0.0
062 G001100   0.0
062 H001100   0.0
062 I001100   0.0
062 J001100   0.0
062 K001100   0.0
062 L001100   0.0
062 M001100   0.0
062 N001100   0.0
062 O001100   0.0
062 P001100   0.0
062 Q001100   0.0
062 R001100   0.0
063 A001100   0
063 B001100  0.0
066 A001100 Y
066 B001100 N
066 C001100 Y
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
067  001100 N
068 A001100 N
068 B001100 Y
069  001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 Y
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
<PAGE>      PAGE  56
070 J021100 Y
070 K011100 Y
070 K021100 Y
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 Y
070 N011100 Y
070 N021100 Y
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 Y
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100    183937
071 B001100    151992
071 C001100    171554
071 D001100   89
072 A001100 12
072 B001100      404
072 C001100     2743
072 D001100        0
072 E001100        0
072 F001100     1615
072 G001100        0
072 H001100        0
072 I001100      111
072 J001100      269
072 K001100       15
072 L001100       32
072 M001100       26
072 N001100       39
072 O001100        0
072 P001100        0
072 Q001100        0
072 R001100       40
072 S001100       10
072 T001100        0
072 U001100       19
072 V001100        0
072 W001100       21
072 X001100     2197
072 Y001100        1
072 Z001100      951
072AA001100    13552
072BB001100        0
072CC011100     1110
072CC021100        0
<PAGE>      PAGE  57
072DD011100     1983
072DD021100        0
072EE001100     3678
073 A011100   0.1900
073 A021100   0.0000
073 B001100   0.3400
073 C001100   0.0000
074 A001100     1609
074 B001100    10088
074 C001100        0
074 D001100      945
074 E001100     1083
074 F001100   201525
074 G001100        0
074 H001100        0
074 I001100        0
074 J001100     1019
074 K001100        0
074 L001100      682
074 M001100    20527
074 N001100   237478
074 O001100     2789
074 P001100      164
074 Q001100        0
074 R011100        0
074 R021100        0
074 R031100        0
074 R041100    20508
074 S001100        0
074 T001100   214017
074 U011100    12454
074 U021100        0
074 V011100    17.18
074 V021100     0.00
074 W001100   0.0000
074 X001100    21810
074 Y001100    22261
075 A001100    32688
075 B001100        0
076  001100     0.00
008 A001201 MITCHELL HUTCHINS ASSET MANAGEMENT INC.
008 B001201 A
008 C001201 801-13219
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10019
008 A001202 SCHRODER CAPITAL MANAGEMENT INTERNATIONAL INC
008 B001202 S
008 C001202 801-00000
008 D011202 NEW YORK
008 D021202 NY
<PAGE>      PAGE  58
008 D031202 10019
028 A011200      2570
028 A021200         0
028 A031200         0
028 A041200      1918
028 B011200      3291
028 B021200         0
028 B031200         0
028 B041200      3264
028 C011200      2505
028 C021200         0
028 C031200         0
028 C041200      2227
028 D011200      2084
028 D021200         0
028 D031200         0
028 D041200      2222
028 E011200      1966
028 E021200         0
028 E031200         0
028 E041200      2259
028 F011200      1805
028 F021200         0
028 F031200         0
028 F041200      1436
028 G011200     14221
028 G021200         0
028 G031200         0
028 G041200     13326
028 H001200         0
045  001200 Y
046  001200 N
047  001200 Y
048  001200  1.100
048 A011200        0
048 A021200 0.000
048 B011200        0
048 B021200 0.000
048 C011200        0
048 C021200 0.000
048 D011200        0
048 D021200 0.000
048 E011200        0
048 E021200 0.000
048 F011200        0
048 F021200 0.000
048 G011200        0
048 G021200 0.000
048 H011200        0
048 H021200 0.000
048 I011200        0
<PAGE>      PAGE  59
048 I021200 0.000
048 J011200        0
048 J021200 0.000
048 K011200        0
048 K021200 0.000
062 A001200 N
062 B001200   0.0
062 C001200   0.0
062 D001200   0.0
062 E001200   0.0
062 F001200   0.0
062 G001200   0.0
062 H001200   0.0
062 I001200   0.0
062 J001200   0.0
062 K001200   0.0
062 L001200   0.0
062 M001200   0.0
062 N001200   0.0
062 O001200   0.0
062 P001200   0.0
062 Q001200   0.0
062 R001200   0.0
063 A001200   0
063 B001200  0.0
066 A001200 Y
066 B001200 N
066 C001200 Y
066 D001200 N
066 E001200 N
066 F001200 N
066 G001200 N
067  001200 N
068 A001200 N
068 B001200 Y
069  001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 Y
<PAGE>      PAGE  60
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 Y
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200     56494
071 B001200     42623
071 C001200     64986
071 D001200   66
072 A001200 12
072 B001200      138
072 C001200     1602
072 D001200        0
072 E001200        0
072 F001200      751
072 G001200        0
072 H001200        0
072 I001200       96
072 J001200      239
072 K001200       11
072 L001200       11
072 M001200       26
072 N001200       21
072 O001200        0
072 P001200        0
072 Q001200        0
072 R001200       34
072 S001200        8
072 T001200        0
072 U001200       19
072 V001200        0
072 W001200        5
072 X001200     1221
072 Y001200      196
072 Z001200      715
<PAGE>      PAGE  61
072AA001200        0
072BB001200     3256
072CC011200    17089
072CC021200        0
072DD011200      468
072DD021200        0
072EE001200        0
073 A011200   0.0700
073 A021200   0.0000
073 B001200   0.0000
073 C001200   0.0000
074 A001200     1560
074 B001200     1509
074 C001200        0
074 D001200        0
074 E001200     5937
074 F001200    78356
074 G001200        0
074 H001200        0
074 I001200     1490
074 J001200      343
074 K001200        0
074 L001200      419
074 M001200     4088
074 N001200    93702
074 O001200      630
074 P001200       70
074 Q001200        0
074 R011200        0
074 R021200        0
074 R031200        0
074 R041200     4505
074 S001200        0
074 T001200    88497
074 U011200     7342
074 U021200        0
074 V011200    12.05
074 V021200     0.00
074 W001200   0.0000
074 X001200    19637
074 Y001200     8069
075 A001200    32688
075 B001200        0
076  001200     0.00
SIGNATURE   PAUL SCHUBERT
TITLE       TREASURER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 1
   <NAME> PACE MONEY MARKET INVESTMENTS
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                           47,258
<INVESTMENTS-AT-VALUE>                          47,258
<RECEIVABLES>                                      556
<ASSETS-OTHER>                                      89
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  47,903
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<SENIOR-LONG-TERM-DEBT>                              0
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        47,174
<SHARES-COMMON-STOCK>                           47,174
<SHARES-COMMON-PRIOR>                           25,494
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            (1)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    47,174
<DIVIDEND-INCOME>                                    0
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<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
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<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                          73862
<NUMBER-OF-SHARES-REDEEMED>                      53637
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<NET-CHANGE-IN-ASSETS>                          21,680
<ACCUMULATED-NII-PRIOR>                              0
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<GROSS-EXPENSE>                                    348
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<PER-SHARE-NAV-BEGIN>                                1
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                           0.00
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                    0.5
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 2
   <NAME> PACE GOV'T SECURITIES FIXED INCOME
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                          283,877
<INVESTMENTS-AT-VALUE>                         281,213
<RECEIVABLES>                                   50,158
<ASSETS-OTHER>                                   4,044
<OTHER-ITEMS-ASSETS>                                59
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<PAYABLE-FOR-SECURITIES>                       138,594
<SENIOR-LONG-TERM-DEBT>                              0
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<TOTAL-LIABILITIES>                            143,755
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       196,472
<SHARES-COMMON-STOCK>                           15,850
<SHARES-COMMON-PRIOR>                           12,874
<ACCUMULATED-NII-CURRENT>                      (1,229)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        (3,318)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       (2,664)
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<DIVIDEND-INCOME>                                    0
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<NET-INVESTMENT-INCOME>                         10,030
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                     (10,395)
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<NUMBER-OF-SHARES-SOLD>                          6,094
<NUMBER-OF-SHARES-REDEEMED>                      3,971
<SHARES-REINVESTED>                                853
<NET-CHANGE-IN-ASSETS>                          37,283
<ACCUMULATED-NII-PRIOR>                            828
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            1,278
<INTEREST-EXPENSE>                                  41
<GROSS-EXPENSE>                                  1,695
<AVERAGE-NET-ASSETS>                           182,538
<PER-SHARE-NAV-BEGIN>                            12.59
<PER-SHARE-NII>                                   0.68
<PER-SHARE-GAIN-APPREC>                         (0.43)
<PER-SHARE-DIVIDEND>                            (0.71)
<PER-SHARE-DISTRIBUTIONS>                       (0.03)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.10
<EXPENSE-RATIO>                                   0.87
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000093007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 3
   <NAME> PACE INTERMEDIATE FIXED INCOME INVESTMENTS
<MULTIPLIER> 1,000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                           140268
<INVESTMENTS-AT-VALUE>                          137274
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        43285
<TOTAL-LIABILITIES>                              53570
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        141952
<SHARES-COMMON-STOCK>                            11609
<SHARES-COMMON-PRIOR>                             8071
<ACCUMULATED-NII-CURRENT>                          623
<OVERDISTRIBUTION-NII>                               0
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<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 7478
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     986
<NET-INVESTMENT-INCOME>                           6492
<REALIZED-GAINS-CURRENT>                         (168)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         6342
<DISTRIBUTIONS-OF-GAINS>                           725
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5527
<NUMBER-OF-SHARES-REDEEMED>                       2826
<SHARES-REINVESTED>                                837
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<ACCUMULATED-GAINS-PRIOR>                          355
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                              740
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    987
<AVERAGE-NET-ASSETS>                            123353
<PER-SHARE-NAV-BEGIN>                            12.35
<PER-SHARE-NII>                                   0.63
<PER-SHARE-GAIN-APPREC>                         (0.28)
<PER-SHARE-DIVIDEND>                              0.64
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<PER-SHARE-NAV-END>                              11.98
<EXPENSE-RATIO>                                   0.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 4
   <NAME> PACE STRATEGIC FIXED INCOME
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                           231242
<INVESTMENTS-AT-VALUE>                          225607
<RECEIVABLES>                                     1989
<ASSETS-OTHER>                                      20
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<TOTAL-ASSETS>                                  228368
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         6041
<TOTAL-LIABILITIES>                               6154
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        233789
<SHARES-COMMON-STOCK>                            18019
<SHARES-COMMON-PRIOR>                             9523
<ACCUMULATED-NII-CURRENT>                         1046
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (6570)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (6051)
<NET-ASSETS>                                    222214
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                11896
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1640
<NET-INVESTMENT-INCOME>                          10256
<REALIZED-GAINS-CURRENT>                        (4021)
<APPREC-INCREASE-CURRENT>                       (8427)
<NET-CHANGE-FROM-OPS>                           (2192)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         9918
<DISTRIBUTIONS-OF-GAINS>                          4179
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          10661
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<SHARES-REINVESTED>                               1076
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<ACCUMULATED-NII-PRIOR>                            638
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             1303
<INTEREST-EXPENSE>                                  59
<GROSS-EXPENSE>                                   1640
<AVERAGE-NET-ASSETS>                            186105
<PER-SHARE-NAV-BEGIN>                            13.32
<PER-SHARE-NII>                                   0.69
<PER-SHARE-GAIN-APPREC>                         (0.64)
<PER-SHARE-DIVIDEND>                              0.70
<PER-SHARE-DISTRIBUTIONS>                         0.34
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.33
<EXPENSE-RATIO>                                   0.88
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 5
   <NAME> MUNICIPAL FIXED INCOME INVESTMENTS
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                            55943
<INVESTMENTS-AT-VALUE>                           55808
<RECEIVABLES>                                      937
<ASSETS-OTHER>                                      52
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   56797
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          138
<TOTAL-LIABILITIES>                                138
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         56862
<SHARES-COMMON-STOCK>                             4554
<SHARES-COMMON-PRIOR>                             4066
<ACCUMULATED-NII-CURRENT>                          213
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           (281)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (135)
<NET-ASSETS>                                     56659
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 2970
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     479
<NET-INVESTMENT-INCOME>                           2491
<REALIZED-GAINS-CURRENT>                          (112)
<APPREC-INCREASE-CURRENT>                        (1141)
<NET-CHANGE-FROM-OPS>                             1238
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         2466
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1607
<NUMBER-OF-SHARES-REDEEMED>                       1306
<SHARES-REINVESTED>                                187
<NET-CHANGE-IN-ASSETS>                            5021
<ACCUMULATED-NII-PRIOR>                            187
<ACCUMULATED-GAINS-PRIOR>                         (168)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              338
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                    503
<AVERAGE-NET-ASSETS>                             56299
<PER-SHARE-NAV-BEGIN>                            12.70
<PER-SHARE-NII>                                    .56
<PER-SHARE-GAIN-APPREC>                           (.26)
<PER-SHARE-DIVIDEND>                              (.56)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.44
<EXPENSE-RATIO>                                   0.85
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 6
   <NAME> GLOBAL FIXED INCOME INVESTMENTS
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                           102145
<INVESTMENTS-AT-VALUE>                          100879
<RECEIVABLES>                                     5885
<ASSETS-OTHER>                                     413
<OTHER-ITEMS-ASSETS>                                56
<TOTAL-ASSETS>                                  107232
<PAYABLE-FOR-SECURITIES>                          4909
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         1180
<TOTAL-LIABILITIES>                               6089
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        105584
<SHARES-COMMON-STOCK>                             8558
<SHARES-COMMON-PRIOR>                             7253
<ACCUMULATED-NII-CURRENT>                       (1773)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            768
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        (3436)
<NET-ASSETS>                                    101143
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 5558
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     957
<NET-INVESTMENT-INCOME>                           4601
<REALIZED-GAINS-CURRENT>                          5652
<APPREC-INCREASE-CURRENT>                       (4477)
<NET-CHANGE-FROM-OPS>                             5776
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         6374
<DISTRIBUTIONS-OF-GAINS>                          3640
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2847
<NUMBER-OF-SHARES-REDEEMED>                       2315
<SHARES-REINVESTED>                                773
<NET-CHANGE-IN-ASSETS>                           12305
<ACCUMULATED-NII-PRIOR>                         (2153)
<ACCUMULATED-GAINS-PRIOR>                          921
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              805
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1178
<AVERAGE-NET-ASSETS>                            100765
<PER-SHARE-NAV-BEGIN>                            12.25
<PER-SHARE-NII>                                    .65
<PER-SHARE-GAIN-APPREC>                            .20
<PER-SHARE-DIVIDEND>                             (.81)
<PER-SHARE-DISTRIBUTIONS>                        (.47)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.82
<EXPENSE-RATIO>                                    .95
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 7
   <NAME> LARGE COMPANY VALUE EQUITY INVESTMENTS
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                           328846
<INVESTMENTS-AT-VALUE>                          376542
<RECEIVABLES>                                     1071
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             49176
<TOTAL-ASSETS>                                  426789
<PAYABLE-FOR-SECURITIES>                          1450
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        49874
<TOTAL-LIABILITIES>                              51324
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        302832
<SHARES-COMMON-STOCK>                            17759
<SHARES-COMMON-PRIOR>                            13142
<ACCUMULATED-NII-CURRENT>                         1276
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          23558
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         47799
<NET-ASSETS>                                    375465
<DIVIDEND-INCOME>                                 4874
<INTEREST-INCOME>                                  520
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3117
<NET-INVESTMENT-INCOME>                           2277
<REALIZED-GAINS-CURRENT>                         25012
<APPREC-INCREASE-CURRENT>                        14372
<NET-CHANGE-FROM-OPS>                            41661
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         2068
<DISTRIBUTIONS-OF-GAINS>                         21559
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           7406
<NUMBER-OF-SHARES-REDEEMED>                       3982
<SHARES-REINVESTED>                               1194
<NET-CHANGE-IN-ASSETS>                          109111
<ACCUMULATED-NII-PRIOR>                           1067
<ACCUMULATED-GAINS-PRIOR>                        21206
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2581
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3119
<AVERAGE-NET-ASSETS>                            322680
<PER-SHARE-NAV-BEGIN>                            20.27
<PER-SHARE-NII>                                   0.13
<PER-SHARE-GAIN-APPREC>                           2.34
<PER-SHARE-DIVIDEND>                              0.14
<PER-SHARE-DISTRIBUTIONS>                         1.46
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.14
<EXPENSE-RATIO>                                   0.96
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 8
   <NAME> LARGE COMPANY GROWTH EQUITY INVESTMENTS
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                           291021
<INVESTMENTS-AT-VALUE>                          378450
<RECEIVABLES>                                     2070
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             29196
<TOTAL-ASSETS>                                  362088
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        24728
<TOTAL-LIABILITIES>                              24459
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        253504
<SHARES-COMMON-STOCK>                            14681
<SHARES-COMMON-PRIOR>                            11981
<ACCUMULATED-NII-CURRENT>                         1132
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           9907
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        116576
<NET-ASSETS>                                    379988
<DIVIDEND-INCOME>                                 2130
<INTEREST-INCOME>                                  229
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    3140
<NET-INVESTMENT-INCOME>                          (781)
<REALIZED-GAINS-CURRENT>                         10230
<APPREC-INCREASE-CURRENT>                        52001
<NET-CHANGE-FROM-OPS>                            41838
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         19612
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5990
<NUMBER-OF-SHARES-REDEEMED>                       4103
<SHARES-REINVESTED>                                814
<NET-CHANGE-IN-ASSETS>                          104526
<ACCUMULATED-NII-PRIOR>                              1
<ACCUMULATED-GAINS-PRIOR>                        22350
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2593
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   3144
<AVERAGE-NET-ASSETS>                            324148
<PER-SHARE-NAV-BEGIN>                            22.99
<PER-SHARE-NII>                                 (0.05)
<PER-SHARE-GAIN-APPREC>                           4.44
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         1.50
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              25.88
<EXPENSE-RATIO>                                   0.97
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 9
   <NAME> PACE SMALL/MEDIUM COMPANY VALUE EQUITY INVESTMENTS
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                          196,525
<INVESTMENTS-AT-VALUE>                         205,767
<RECEIVABLES>                                      681
<ASSETS-OTHER>                                   8,798
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 215,246
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        9,114
<TOTAL-LIABILITIES>                              9,114
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       190,223
<SHARES-COMMON-STOCK>                           13,085
<SHARES-COMMON-PRIOR>                           10,554
<ACCUMULATED-NII-CURRENT>                          392
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          6,274
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         9,242
<NET-ASSETS>                                   206,131
<DIVIDEND-INCOME>                                2,299
<INTEREST-INCOME>                                  300
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<EXPENSES-NET>                                   1,823
<NET-INVESTMENT-INCOME>                            776
<REALIZED-GAINS-CURRENT>                         6,403
<APPREC-INCREASE-CURRENT>                      (2,999)
<NET-CHANGE-FROM-OPS>                            4,180
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        1,011
<DISTRIBUTIONS-OF-GAINS>                        17,717
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          5,297
<NUMBER-OF-SHARES-REDEEMED>                      4,083
<SHARES-REINVESTED>                              1,318
<NET-CHANGE-IN-ASSETS>                          22,573
<ACCUMULATED-NII-PRIOR>                            627
<ACCUMULATED-GAINS-PRIOR>                       19,355
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                            1,459
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  1,848
<AVERAGE-NET-ASSETS>                           182,348
<PER-SHARE-NAV-BEGIN>                            17.39
<PER-SHARE-NII>                                   0.06
<PER-SHARE-GAIN-APPREC>                         (0.06)
<PER-SHARE-DIVIDEND>                              0.09
<PER-SHARE-DISTRIBUTIONS>                         1.55
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.75
<EXPENSE-RATIO>                                   1.00
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 10
   <NAME> PACE SMALL MEDIUM COMPANY GROWTH FUND
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                             181990
<INVESTMENTS-AT-VALUE>                            265346
<RECEIVABLES>                                       1451
<ASSETS-OTHER>                                        47
<OTHER-ITEMS-ASSETS>                               36454
<TOTAL-ASSETS>                                    303298
<PAYABLE-FOR-SECURITIES>                             922
<SENIOR-LONG-TERM-DEBT>                                0
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<SENIOR-EQUITY>                                        0
<PAID-IN-CAPITAL-COMMON>                          166787
<SHARES-COMMON-STOCK>                              12869
<SHARES-COMMON-PRIOR>                              12587
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<NET-INVESTMENT-INCOME>                           (1031)
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<APPREC-INCREASE-CURRENT>                          54182
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<EQUALIZATION>                                         0
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<NUMBER-OF-SHARES-REDEEMED>                         4377
<SHARES-REINVESTED>                                  316
<NET-CHANGE-IN-ASSETS>                             66550
<ACCUMULATED-NII-PRIOR>                                1
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<AVERAGE-NET-ASSETS>                              213100
<PER-SHARE-NAV-BEGIN>                              15.80
<PER-SHARE-NII>                                   (0.08)
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<PER-SHARE-DISTRIBUTIONS>                           0.38
<RETURNS-OF-CAPITAL>                                   0
<PER-SHARE-NAV-END>                                20.62
<EXPENSE-RATIO>                                     1.00
[AVG-DEBT-OUTSTANDING]                                 0
[AVG-DEBT-PER-SHARE]                                   0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 11
   <NAME> INTERNATIONAL EQUITY INVESTMENTS
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                           190378
<INVESTMENTS-AT-VALUE>                          213640
<RECEIVABLES>                                     1702
<ASSETS-OTHER>                                   22136
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<PAYABLE-FOR-SECURITIES>                          2789
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        20672
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        176623
<SHARES-COMMON-STOCK>                            12454
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<ACCUMULATED-NII-CURRENT>                         1160
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<ACCUMULATED-NET-GAINS>                          12936
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<NET-INVESTMENT-INCOME>                            951
<REALIZED-GAINS-CURRENT>                         13552
<APPREC-INCREASE-CURRENT>                         1110
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1983)
<DISTRIBUTIONS-OF-GAINS>                        (3678)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           5000
<NUMBER-OF-SHARES-REDEEMED>                       2844
<SHARES-REINVESTED>                                353
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<ACCUMULATED-NII-PRIOR>                           1664
<ACCUMULATED-GAINS-PRIOR>                         3589
<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
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<AVERAGE-NET-ASSETS>                            179494
<PER-SHARE-NAV-BEGIN>                            16.54
<PER-SHARE-NII>                                   0.07
<PER-SHARE-GAIN-APPREC>                           1.10
<PER-SHARE-DIVIDEND>                              0.19
<PER-SHARE-DISTRIBUTIONS>                         0.34
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.18
<EXPENSE-RATIO>                                   1.22
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0



</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST
<SERIES>
   <NUMBER> 12
   <NAME> PACE INTERNATIONAL EMERGING MARKETS EQUITY
<MULTIPLIER> 1000

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-START>                             AUG-01-1998
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                             75543
<INVESTMENTS-AT-VALUE>                            87293
<RECEIVABLES>                                       762
<ASSETS-OTHER>                                       63
<OTHER-ITEMS-ASSETS>                               5584
<TOTAL-ASSETS>                                    93702
<PAYABLE-FOR-SECURITIES>                            629
<SENIOR-LONG-TERM-DEBT>                               0
<OTHER-ITEMS-LIABILITIES>                          4576
<TOTAL-LIABILITIES>                                5205
<SENIOR-EQUITY>                                       0
<PAID-IN-CAPITAL-COMMON>                          87197
<SHARES-COMMON-STOCK>                              7342
<SHARES-COMMON-PRIOR>                              6072
<ACCUMULATED-NII-CURRENT>                           725
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                         (10875)
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                          11450
<NET-ASSETS>                                      88497
<DIVIDEND-INCOME>                                  1602
<INTEREST-INCOME>                                   138
<OTHER-INCOME>                                        0
<EXPENSES-NET>                                     1025
<NET-INVESTMENT-INCOME>                             715
<REALIZED-GAINS-CURRENT>                         (3256)
<APPREC-INCREASE-CURRENT>                         17089
<NET-CHANGE-FROM-OPS>                             14548
<EQUALIZATION>                                        0
<DISTRIBUTIONS-OF-INCOME>                           468
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                            3655
<NUMBER-OF-SHARES-REDEEMED>                        2437
<SHARES-REINVESTED>                                  52
<NET-CHANGE-IN-ASSETS>                            25260
<ACCUMULATED-NII-PRIOR>                             338
<ACCUMULATED-GAINS-PRIOR>                        (7478)
<OVERDISTRIB-NII-PRIOR>                               0
<OVERDIST-NET-GAINS-PRIOR>                            0
<GROSS-ADVISORY-FEES>                               751
<INTEREST-EXPENSE>                                    0
<GROSS-EXPENSE>                                    1220
<AVERAGE-NET-ASSETS>                              68281
<PER-SHARE-NAV-BEGIN>                             10.41
<PER-SHARE-NII>                                    0.09
<PER-SHARE-GAIN-APPREC>                            1.62
<PER-SHARE-DIVIDEND>                             (0.07)
<PER-SHARE-DISTRIBUTIONS>                             0
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                               12.05
<EXPENSE-RATIO>                                    1.50
[AVG-DEBT-OUTSTANDING]                                0
[AVG-DEBT-PER-SHARE]                                  0



</TABLE>




For period ending July 31, 1999

				Exhibit
77D

File number 811-8764



PACE International Equity Investments

The board of trustees approved a change in
the Fund's
investment policies to allow investments
in convertible securities
that are rated below investment grade but
no lower than B by
Moody's or S&P or, if rated, determined to
be of comparable
quality by the Adviser, except that these
investments in lower-
rated convertible securities, together
with the Fund's investments
in emerging markets, may not exceed 10% of
the Fund's total
assets.




FORM 10f-3	FUND:  	PACE Large Company
Value

Record of Securities Purchased Under the
Fund's Rule 10f-3 Procedures


1.	Issuer:  Du Pont/Conoco

2.	Date of Purchase:  10-21-98	3.
Date offering
commenced:  10-21-98

3.	Underwriters from whom purchased:
Morgan Stanley

4.	"Affiliated Underwriter" managing or
participating in syndicate:
Warburg Dillian Reed

5.	Aggregate principal amount of
purchase:  $506,000

6.	Aggregate principal amount of
offering:  $4,039,000,000

7.	Purchase price (net of fees and
expenses):  $22.41

8.	Initial public offering price:
$23.00

9.	Commission, spread or profit:  .5877
	%
	$12,929.40

10.	Have the following conditions been
satisfied?
YES
NO
a.	The securities are part of an issue
registered under the Securities Act of
1933
which is being offered to the public or
are "municipal securities" as defined in
Section 3(a)(29) of the Securities
Exchange Act of 1934.

X

b.	The securities were purchased prior
to the end of the first full business day
of
the offering at not more than the initial
offering price (or, if a rights offering,
the
securities were purchased on or before the
fourth day preceding the day on
which the offering terminated.

X

c.	The underwriting was a firm
commitment underwriting.
X

d.	The commission, spread or profit was
reasonable and fair in relation to that
being received by others for underwriting
similar securities during the same
period.

X

e.	(1)  If securities are registered
under the Securities Act of 1933, the
issuer of the
securities and its predecessor have been
in continuous operation for not less than
three years.

X

      (2)  If securities are municipal
securities, the issue of securities has
received an
investment grade rating from a nationally
recognized statistical rating
organization or, if the issuer or entity
supplying the revenues from which the
issue is to be paid shall have been in
continuous operation for less than three
years (including any predecessor), the
issue has received one of the three
highest
ratings from at least one such rating
organization.

X

f.	The amount of such securities
purchased by all of the investment
companies
advised by Mitchell Hutchins did not
exceed 4% of the principal amount of the
offering or $500,000 in principal amount,
whichever is greater, provided that in
no event did such amount exceed 10% of the
principal amount of the offering.

X

g.	The purchase price was less than 3%
of the Fund's total assets.
X

h.	No Affiliated Underwriter was a
direct or indirect participant in or
beneficiary of
the sale or, with respect to municipal
securities, no purchases were designated
as
group sales or otherwise allocated to the
account of any Affiliated Underwriter.

X


Approved:  /s/ 			Date:  10-
21-98





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For period ending July 31, 1999

File number 811-8764




ANNUAL SUPPLEMENT
Page 53 is to be filed only once each year
at the end of
Registrant's fiscal year.

105.	Fidelity bond(s) in effect at the
end of the period:

	A.	?	Insurer Name:  ICI
Mutual Insurance Co.

	B.	?	Second Insurer:

	C.	?	Aggregate face amount of
coverage for
Registrant on all bonds on which
			it is named as an
insured ($000's omitted)
	$50,000

106.	A.	?	Is the bond part of a
joint fidelity bond(s)
shared with other investment companies
			or other entities?
	Y
					Y/N

	B.	?	If the answer to 106A is
"Y" (Yes), how many
other investment companies or other
			entities are covered by
the bond? 		61
			NOTE:  Count each series
as a separate
investment company.

107.	A.	?	Does the mandatory
coverage of the fidelity
bond have a deductible?		N
					Y/N

	B.	?	If the answer to 107A is
"Y" (Yes), what is
the amount of the deductible?
	$______

108.	A.	?	Were any claims with
respect to this
Registrant filed under the bond during
			the period?		N
					Y/N

	B.	?	If the answer to 108A is
"Y" (Yes), what was
the total amount of such claim(s)?
	$______

109.	A.	?	Were any losses incurred
with respect to this
Registrant that could have been filed
			as a claim under the
fidelity bond but were
not?		N
					Y/N

	B.	?	If the answer to sub-
item 109A is "Y" (Yes),
what was the total amount of such
			losses?  ($000's
omitted)		$______

110.	A.	?	Are Registrant's
officers and directors
covered as officers and directors of
			Registrant under any
errors and omissions
insurance policy owned by the Registrant
			or anyone else?
	Y
					Y/N

	B.	?	Were any claims filed
under such policy
during the period with respect to
			Registrant?		N
					Y/N



                 Report of Independent
Auditors


To the Shareholders and Board of Trustees
of
PaineWebber PACE Select Advisors Trust

In planning and performing our audit of
the financial statements of PaineWebber
PACE Select Advisors
Trust (comprising, respectively, PACE
Money Market Investments, PACE Government
Securities Fixed
Income Investments, PACE Intermediate
Fixed Income Investments, PACE Strategic
Fixed Income
Investments, PACE Municipal Fixed Income
Investments, PACE Global Fixed Income
Investments, PACE
Large Company Value Equity Investments,
PACE Large Company Growth Equity
Investments, PACE
Small/Medium Company Value Equity
Investments, PACE Small/Medium Company
Growth Equity
Investments, PACE International Equity
Investments, PACE International Emerging
Markets Equity
Investments) for the year ended July 31,
1999, we considered its internal control,
including control
activities for safeguarding securities, in
order to determine our auditing procedures
for the purpose of
expressing our opinion on the financial
statements and to comply with the
requirements of Form N-SAR,
and not to provide assurance on the
internal control.

The management of PaineWebber PACE Select
Advisors Trust is responsible for
establishing and
maintaining internal control.  In
fulfilling this responsibility, estimates
and judgments by management
are required to assess the expected
benefits and related costs of controls.
Generally, controls that are
relevant to an audit pertain to the
entity's objective of preparing financial
statements for external
purposes that are fairly presented in
conformity with generally accepted
accounting principles.  Those
controls include the safeguarding of
assets against unauthorized acquisition,
use or disposition.

Because of inherent limitations in
internal control, errors or fraud may
occur and not be detected.  Also,
projection of any evaluation of internal
control to future periods is subject to
the risk that it may become
inadequate because of changes in
conditions or that the effectiveness of
the design and operation may
deteriorate.

Our consideration of internal control
would not necessarily disclose all matters
in internal control that
might be material weaknesses under
standards established by the American
Institute of Certified Public
Accountants.  A material weakness is a
condition in which the design or operation
of one or more of the
specific internal control components does
not reduce to a relatively low level the
risk that errors or fraud
in amounts that would be material in
relation to the financial statements being
audited may occur and
not be detected within a timely period by
employees in the normal course of
performing their assigned
functions.  However, we noted no matters
involving internal control and its
operation, including controls
for safeguarding securities, that we
consider to be material weaknesses as
defined above at July 31,
1999.

This report is intended solely for the
information and use of the board of
directors and management of
PaineWebber PACE Select Advisors Trust and
the Securities and Exchange Commission and
is not
intended to be and should not be used by
anyone other than these specified parties.

                                 ERNST &
YOUNG LLP

September 20, 1999



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