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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS VALUE FUND
The following information supersedes certain information in the fund's
Prospectuses and Statement of Additional Information.
Robert E. Rescoe joins Scott T. Lewis as Co-Portfolio Manager of the fund. Mr.
Rescoe has been with CSAM since 1999 as a result of Credit Suisse's acquisition
of Warburg Pincus. Mr. Rescoe joined Warburg Pincus in 1983. Stacy Dutton no
longer serves as Co-Portfolio Manager of the fund.
Dated: March 27, 2000 16-0300
for
WPUSL
ADGRI
