<PAGE> 1
WARBURG PINCUS ADVISOR FUNDS
SUPPLEMENT TO THE PROSPECTUSES
The following information supersedes certain information in the
prospectuses in the section entitled "Shareholder Servicing":
In addition to the 12b-1 fees payable by the Fund, Warburg or Counsellors
Securities may pay Service Organizations a fee of up to .10% (the "Service Fee")
of the average annual value of accounts with the Fund maintained by such Service
Organizations for services provided or expenses incurred by the Service
Organization that are not covered by an Agreement under the Fund's Distribution
Plan. A portion of the Service Fee paid may be reimbursed by the Fund. The
Service Fee payable to any particular Service Organization is determined based
upon a number of factors, including the nature and quality of services provided,
the operations processing requirements of the relationship and the standardized
fee schedule of the Service Organization.
Dated: July 6, 1998 16-0798
for
ADBAL
ADBDF
ADCAP
ADEMG
ADEMK
ADGPV
ADGRI
ADIEQ
ADJPG
ADOTC
ADPVC
ADSCG
ADSCV
ADSTV
2