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SUPPLEMENT TO THE PROSPECTUS DATED JANUARY 1, 2000
WARBURG PINCUS GLOBAL TELECOMMUNICATIONS FUND
The following information replaces certain information in "Meet the Managers":
Vincent J. McBride has joined Scott T. Lewis as Co-Portfolio Manager of the
Fund. Mr. McBride has served as Co-Portfolio Manager of the Warburg Pincus
Emerging Markets Fund and currently serves as Co-Portfolio Manager of the
Warburg Pincus International Equity Fund and Associate Portfolio Manager of the
Warburg Pincus Major Foreign Markets Fund. Mr. McBride joined Credit Suisse
Asset Management, LLC ("CSAM") in 1999 as a result of Credit Suisse Group's
acquisition of Warburg Pincus Asset Management, Inc. ("Warburg Pincus"), which
he joined in 1994. Mr. McBride, a Director of CSAM, previously was an
international equity analyst with Smith Barney Inc. from 1993 to 1994.
Mr. Lewis also serves as Portfolio Manager with respect to the equity portion of
the Warburg Pincus Balanced Fund and Co-Portfolio Manager of the Warburg Pincus
Value Fund. Mr. Lewis joined CSAM as a Managing Director in 1999 as a result of
Credit Suisse Group's acquisition of Warburg Pincus, which he joined in 1986.
Richard Watt, a Portfolio Manager of the Warburg Pincus Emerging Markets II
Fund, member of the CSAM International Equity Management Team and Managing
Director CSAM, is leaving his position as Co-Portfolio Manager of the Fund to
devote more time to the emerging markets area.
Dated: February 8, 2000 WPEGT-16-0200
