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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS MAJOR FOREIGN MARKETS FUND
WARBURG PINCUS INTERNATIONAL SMALL COMPANY FUND
WARBURG PINCUS GLOBAL POST-VENTURE CAPITAL FUND
The following information supersedes certain information in the funds'
Prospectuses and Statement of Additional Information.
WARBURG PINCUS MAJOR FOREIGN MARKETS FUND
Harold E. Sharon (see biography below) joins Harold W. Ehrlich as Co-Portfolio
Manager of the fund. Todd Jacobson, Vincent J. McBride and Nancy Nierman
continue to serve as Associate Portfolio Managers of the fund. P. Nicholas
Edwards is leaving his position as Co-Portfolio Manager to devote more time to
other investment areas.
WARBURG PINCUS INTERNATIONAL SMALL COMPANY FUND
Jun Sung Kim and Federico D. Laffan (see biographies below) join Harold E.
Sharon as Co-Portfolio Managers of the fund.
WARBURG PINCUS GLOBAL POST-VENTURE CAPITAL FUND
Jun Sung Kim and Federico D. Laffan (see biographies below) join Elizabeth B.
Dater and Harold E. Sharon as Co-Portfolio Managers of the fund.
CERTAIN MANAGER BIOGRAPHIES
Mr. Sharon has been with CSAM since 1999 as a result of Credit Suisse's
acquisition of Warburg Pincus. Mr. Sharon joined Warburg Pincus in March 1998.
Previously, Mr. Sharon was an executive director and portfolio manager with CIBC
Oppenheimer from 1994 to 1998 and a Senior Vice President and portfolio manager
at Warburg Pincus from 1990 to 1994.
Jun Sung Kim has been with CSAM since 1999 as a result of Credit Suisse's
acquisition of Warburg Pincus. Mr. Kim joined Warburg Pincus in 1997.
Previously, Mr. Kim was an investment manager with Asset Korea Ltd., Seoul, from
1995 to 1997, an investment analyst with Baring Securities Ltd., Seoul, from
1994 to 1995 and an assistant investment manager with Koeneman Capital
Management, Singapore, from 1992 to 1994.
Federico D. Laffan has been with CSAM since 1999 as a result of Credit Suisse's
acquisition of Warburg Pincus. Mr. Laffan joined Warburg Pincus in 1997.
Previously, Mr. Laffan was a senior manager and partner with Green Cay Asset
Management from 1996 to 1997 and a senior portfolio manager and director with
Foreign & Colonial Emerging Markets, London, from 1990 to 1996.
Dated: March 27, 2000 16-0300
for
WPISF
ADEAG
