Report of Independent Auditors


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

In planning and performing our audit of the financial statements of
UBS PACE Select Advisors Trust (comprising, respectively, UBS
PACE Money Market Investments, UBS PACE Government Securities
Fixed Income Investments, UBS PACE Intermediate Fixed Income
Investments, UBS PACE Strategic Fixed Income Investments,
UBS PACE Municipal Fixed Income Investments, UBS PACE Global
Fixed Income Investments, UBS PACE Large Co Value Equity
Investments, UBS PACE Large Co Growth Equity Investments,
UBS PACE Small/Medium Co Value Equity Investments, UBS
PACE Small/Medium Co Growth Equity Investments, UBS
PACE International Equity Investments and UBS PACE
International Emerging Markets Equity Investments) for the year
ended July 31, 2002, we considered its internal control, including
control activities for safeguarding securities, 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 internal control.

The management of UBS 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 control.  Generally,
internal controls that are relevant to an audit pertain to the entities
objective of preparing financial statements for external purposes
that are fairly presented in conformity with accounting principles
generally accepted in the United States.  Those internal controls
include the safeguarding of assets against unauthorized acquisition,
use, or disposition.

Because of inherent limitations in internal control, misstatements
due to errors or fraud may occur and not be detected.  Also,
projections of any evaluation of internal control to future periods
are subject to the risk that internal control may become inadequate
because of changes in conditions, or that the degree of compliance
with the policies or procedures 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,
including control activities for safeguarding securities, and
its operation that we consider to be material weaknesses as
defined above at July 31, 2002.

This report is intended solely for the information and use of
shareholders, the Board of Trustees and management of UBS 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, 2002