Mitchell Hutchins To Upgrade MaxData's IPMS System To IBM's RS/6000 Platform

PORTFOLIO SYSTEMS

Mitchell Hutchins Asset Management Inc., a subsidiary of PaineWebber Inc., is set to upgrade the hardware platform supporting its Maximum Data Corp. International Portfolio Management System (IPMS). Mitchell Hutchins will replace its Wang Laboratories Inc. VS platform with an IBM RS/6000 server running AIX, IBM's version of UNIX.

Once completed, the installation will mark the first time MaxData has run IPMS on its new IBM RS/6000 platform. MaxData is also working on a new, more powerful

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