<PAGE> 1
SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS GLOBAL POST-VENTURE CAPITAL FUND
The following information supersedes certain information in the fund's
Prospectuses and Statement of Additional Information.
Calvin E. Chung now serves as Associate Portfolio Manager of the fund. Mr. Chung
is a Vice President of CSAM and joined CSAM in January 2000. Previously, Mr.
Chung was a vice president and senior technology equity analyst with Eagle Asset
Management from 1997 to 1999. Mr. Chung received an MBA from the University of
Chicago where he studied from 1995 to 1997. Mr. Chung assists Elizabeth B.
Dater, Harold E. Sharon, Federico D. Laffan and Jun Sung Kim, who serve as
Co-Portfolio Managers of the fund.
Dated: May 2, 2000 16-0500
for
WPISF
ADEAG
