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SUPPLEMENT TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS WORLDPERKS MONEY MARKET FUND
The following information supplements certain information contained in the
Prospectus and Statement of Additional Information related to the Fund.
The Board of Directors of the Fund has recently reviewed and unanimously
endorsed a proposal to have Credit Suisse Asset Management, LLC, the Fund's
investment adviser ("CSAM"), take full responsibility for the day-to-day
portfolio management of the Fund beginning in February 2001. Until then, that
responsibility will continue to be shared with BlackRock Investment Management
Corporation. The Board believes that shifting full investment authority to CSAM
is appropriate in light of the capabilities of CSAM's money market portfolio
management group, which have been enhanced significantly since the Fund
commenced operations in 1998.
Dated: December 5, 2000 FFNWF-16-1200
