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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS GROWTH & INCOME FUND
The following information supersedes certain information in the fund's
Prospectuses and Statement of Additional Information.
Effective December 31, 1999, Scott T. Lewis will join Stacy Dutton as Co-
Portfolio Manager of the fund. Mr. Lewis also serves as Co-Portfolio Manager of
the Warburg Pincus Balanced Fund and Warburg Pincus Global Telecommunications
Fund. Mr. Lewis is a Managing Director of Credit Suisse Asset Management, LLC
(CSAM) and joined CSAM in 1999 as a result of CSAM's acquisition of Warburg
Pincus Asset Management, Inc. (Warburg). Mr. Lewis joined Warburg in 1986. Ms.
Dutton joined CSAM in 1999 as a result of CSAM's acquisition of Warburg. Ms.
Dutton joined Warburg in 1997. Previously, Ms. Dutton was a senior vice
president and analyst for Jennison Associates Capital Corp. from 1993 to 1997.
Brian S. Posner will no longer serve as Co-Portfolio Manager of the fund
effective December 31, 1999.
Dated: December 3, 1999 16-1299
for
WPUSL
ADGRI
