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WARBURG PINCUS GROWTH & INCOME FUND
(COMMON SHARES)
SUPPLEMENT TO THE PROSPECTUS, DATED MAY 14, 1998
The following information supersedes certain information in the prospectus of
the Warburg Pincus Growth & Income Fund in the section entitled "The Funds'
Expenses":
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<S> <C>
Management Fees........................................... .75%
12b-1 Fees................................................ .00%
Other Expenses............................................ .43%
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Total Fund Operating Expenses............................. 1.18%
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Dated: June 12, 1998 WPGBT-16-0698
