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WARBURG PINCUS WORLDPERKS MONEY MARKET FUND
WARBURG PINCUS WORLDPERKS TAX FREE MONEY MARKET FUND
(Common Shares)
Supplement to the Prospectus
The following information supersedes certain information in the combined
prospectus of the Warburg Pincus WorldPerks Funds in the section entitled "The
Funds' Expenses":
Through November 15, 1998, service providers for the WorldPerks Money Market
Funds have agreed to waive fees and reimburse expenses so that the Total Fund
Operating Expenses for each Fund during this period will be .35%. After November
15, Total Fund Operating Expenses for each Fund will be as listed in the
Prospectus.
Dated: October 7, 1998 FFNWF-1-1098A
