EXHIBIT NO. EX-99.d.5.i
THE UBS FUNDS
INVESTMENT ADVISORY AGREEMENT
AMENDMENT NUMBER ONE
THIS AMENDMENT is made this 17th day of February, 2004 by and between The
UBS Funds, a Delaware business trust (the "Fund"), and UBS Global Asset
Management (Americas) Inc., a Delaware corporation (the "Advisor").
WHEREAS, the Fund and the Advisor have previously entered into an
Investment Advisory Agreement, dated July 1, 2002 (the "Advisory Agreement"),
pursuant to which the Advisor agreed to manage the investment and reinvestment
of assets of the UBS U.S. Equity Fund series; and
WHEREAS, the Advisor has been informed by the Fund that UBS U.S. Equity
Fund desires to change its name;
NOW, THEREFORE, in consideration of the terms and conditions hereinafter
set forth, it is agreed as follows:
1. The name of UBS U.S. Equity Fund, and all references in the Advisory
Agreement to UBS U.S. Equity Fund, shall be changed to UBS U.S. Large Cap Equity
Fund.
2. The effective date of this Amendment shall be February 17, 2004.
3. The parties hereby further agree that no other provisions of the
Advisory Agreement are in any way modified by this Amendment, and that all other
provisions of the Advisory Agreement remain in full force and effect.
IN WITNESS WHEREOF, the parties hereby have caused this Amendment to be
executed this 17th day of February, 2004.
THE UBS FUNDS UBS GLOBAL ASSET MANAGEMENT
(AMERICAS) INC.
By: /s/ Xxxxx X. Xxxxxxxxxx By: /s/ Xxx X. Doberman
------------------------------------ -----------------------------
Name: Xxxxx X. Xxxxxxxxxx Name: Xxx X. Doberman
Title: Vice President and Secretary Title Managing Director and
Assistant Secretary
