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WARBURG PINCUS BALANCED FUND
U.S. Large Company Sector
(Common and Advisor Shares)
Supplement to the Prospectuses and Statement of Additional Information
The following information supersedes certain information in the prospectuses and
statement of additional information of the Warburg Pincus Fund listed above in
the section entitled "Management of the Fund(s) -- Portfolio Managers":
Brian S. Posner and Scott T. Lewis are Co-Portfolio Managers of the U.S. Large
Company Sector of the Warburg Pincus Balanced Fund. Mr. Lewis, a Vice President
of Warburg, has been with Warburg since 1986. George U. Wyper and Susan L. Black
no longer serve as Co-Portfolio Managers of the U.S. Large Company Sector
effective March 6, 1998.
Dated: March 6, 1998 16-0398
for
WPGBT
ADBAL
