<ARTICLE> 6
<CIK> 0000930007
<NAME> PAINEWEBBER PACE SELECT ADVISORS TRUST

   <NUMBER> 8
   <NAME> LARGE COMPANY GROWTH EQUITY INVESTMENTS
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          JUL-31-2000
<PERIOD-START>                             AUG-01-1999
<PERIOD-END>                               JUL-31-2000
<INVESTMENTS-AT-COST>                          304,876
<INVESTMENTS-AT-VALUE>                         436,401
<RECEIVABLES>                                    2,292
<ASSETS-OTHER>                                  68,579
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 507,272
<PAYABLE-FOR-SECURITIES>                           622
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       69,844
<TOTAL-LIABILITIES>                             70,466
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       249,985
<SHARES-COMMON-STOCK>                           14,705
<SHARES-COMMON-PRIOR>                           14,681
<ACCUMULATED-NII-CURRENT>                            1
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         55,295
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       131,525
<NET-ASSETS>                                   436,806
<DIVIDEND-INCOME>                                2,041
<INTEREST-INCOME>                                  224
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   4,019
<NET-INVESTMENT-INCOME>                        (1,754)
<REALIZED-GAINS-CURRENT>                        56,956
<APPREC-INCREASE-CURRENT>                       14,949
<NET-CHANGE-FROM-OPS>                           70,151
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                        11,567
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          4,839
<NUMBER-OF-SHARES-REDEEMED>                      5,210
<SHARES-REINVESTED>                                395
<NET-CHANGE-IN-ASSETS>                          56,819
<ACCUMULATED-NII-PRIOR>                              1
<ACCUMULATED-GAINS-PRIOR>                         9907
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            3,458
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                  4,041
<AVERAGE-NET-ASSETS>                           432,272
<PER-SHARE-NAV-BEGIN>                            25.88
<PER-SHARE-NII>                                 (0.12)
<PER-SHARE-GAIN-APPREC>                           4.69
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                         0.75
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              29.70
<EXPENSE-RATIO>                                   0.94