Definitive Materials Filed by Investment Companies. (497)

Undiscovered Managers Funds

270 Park Avenue

New York, New York 10017

March 7, 2013

VIA EDGAR

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

Attention: Filing Desk

Re: Undiscovered Managers Funds (the “Trust”), on behalf of the

Undiscovered Managers Behavioral Value Fund (the “Fund”)

File Nos. 333-37711 and 811-08437

Ladies and Gentlemen:

On behalf of the Trust, we hereby submit for filing pursuant to Rule 497 under the Securities Act of 1933 and under the Investment Company Act of 1940, exhibits containing interactive data format risk/return summary information for the Fund. These exhibits contain the risk/return summary information in the prospectus for the Fund dated December 28, 2012. The purpose of this filing is to submit the XBRL information from the 497 filing dated February 21, 2013 for the Fund.

Please contact the undersigned at 212-648-0919 if you have any questions concerning this filing.

Very truly yours,

/s/ Carmine Lekstutis

Carmine Lekstutis

Assistant Secretary

cc: Vincent Di Stefano

Exhibit Index


Exhibit Number		Description

EX-101.INS XBRL		Instance Document

EX-101.SCH XBRL		Taxonomy Extension Schema Document

EX-101.CAL XBRL		Taxonomy Extension Calculation Linkbase

EX-101.DEF XBRL		Taxonomy Extension Definition Linkbase

EX-101.LAB XBRL		Taxonomy Extension Labels Linkbase

EX-101.PRE XBRL		Taxonomy Extension Presentation Linkbase