Report of Independent Registered Public Accounting Firm Auditors


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

In planning and performing our audits 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, 2004, 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, not to provide assurance on the 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 controls.  Generally,
controls that are relevant to an audit pertain to the entitys objective
of preparing financial statements for external purposes that are fairly
presented in conformity with U.S. generally accepted accounting principles
generally accepted in the United States.  Those controls include the
safeguarding of assets against unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error or fraud may occur
and not be detected.  Also, projections 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 of the Public Company Accounting Oversight Board (United States)
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 internal control components does not reduce to a relatively
low level the risk that misstatements caused by error 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 functionscondition in which the design
or operation of one or more of the internal control components does not
reduce to a relatively low level the risk that misstatements caused by
error 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, 2004.

This report is intended solely for the information and use of management, the
Shareholders and the Board of Trustees 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

New York, New York
September 21, 2004