<PAGE> 1
SUPPLEMENT TO THE COMMON CLASS PROSPECTUS
WARBURG PINCUS BALANCED FUND
WARBURG PINCUS VALUE FUND
WARBURG PINCUS CAPITAL APPRECIATION FUND
WARBURG PINCUS HEALTH SCIENCES FUND
The following supersedes contrary information in the section in the funds'
Common Class Prospectus entitled "Other Information -- About the Distributor".
Effective January 3, 2000, Provident Distributors, Inc., located at Four Falls
Corporate Center, West Conshohocken, PA 19428-2961, became the funds'
distributor, and is responsible for making the funds available to you.
Credit Suisse Asset Management Securities, Inc. (CSAMSI) provides certain
shareholder and other services related to the sale of the Common Class for which
it is paid the distribution and service (12b-1) fee described in the Prospectus.
Dated: January 7, 2000 WPUSL-16-0100A
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SUPPLEMENT TO THE PROSPECTUSES
WARBURG PINCUS FUNDS -- ADVISOR CLASS
The following supersedes contrary information in the section in the funds'
Advisor Class Prospectuses entitled "Other Information -- About the
Distributor".
Effective January 3, 2000, Provident Distributors, Inc., located at Four Falls
Corporate Center, West Conshohocken, PA 19428-2961, became the funds'
distributor, and is responsible for making the funds available to you.
Dated: January 7, 2000 16-0100A
for
ADBAL
ADBDF
ADCAP
ADEMG
ADGRI
ADIEQ
ADJPG
ADOTC
ADSAP
