<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001006235
<NAME> WARBURG PINCUS BALANCED FUND
<SERIES>
<NUMBER> 001
<NAME> COMMON CLASS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 24960732
<INVESTMENTS-AT-VALUE> 26524912
<RECEIVABLES> 1054131
<ASSETS-OTHER> 171168
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27750211
<PAYABLE-FOR-SECURITIES> 1200438
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 58995
<TOTAL-LIABILITIES> 1259433
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21377461
<SHARES-COMMON-STOCK> 2026354
<SHARES-COMMON-PRIOR> 2363449
<ACCUMULATED-NII-CURRENT> 49217
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3499983
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1564117
<NET-ASSETS> 26490778
<DIVIDEND-INCOME> 186019
<INTEREST-INCOME> 814817
<OTHER-INCOME> 0
<EXPENSES-NET> (400873)
<NET-INVESTMENT-INCOME> 599963
<REALIZED-GAINS-CURRENT> 3526457
<APPREC-INCREASE-CURRENT> (1581193)
<NET-CHANGE-FROM-OPS> 2545227
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (602587)
<DISTRIBUTIONS-OF-GAINS> (3994518)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8400006
<NUMBER-OF-SHARES-REDEEMED> (16976258)
<SHARES-REINVESTED> 4267912
<NET-CHANGE-IN-ASSETS> (6580160)
<ACCUMULATED-NII-PRIOR> 50302
<ACCUMULATED-GAINS-PRIOR> 3999066
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 266944
<INTEREST-EXPENSE> 2453
<GROSS-EXPENSE> 594858
<AVERAGE-NET-ASSETS> 29660456
<PER-SHARE-NAV-BEGIN> 13.88
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> .82
<PER-SHARE-DIVIDEND> (.27)
<PER-SHARE-DISTRIBUTIONS> (1.65)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.05
<EXPENSE-RATIO> 1.37
</TABLE>