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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION
WARBURG PINCUS HIGH YIELD FUND
The following information supersedes certain information in the fund's
Prospectuses and Statements of Additional Information.
The Credit Suisse Asset Management High Yield Management Team, which is
responsible for the day-to-day management of the fund, now consists of the
following investment professionals: Richard Lindquist (Managing Director), Misia
Dudley (Director), Phillip Schantz (Director) (see biography below), Mary Ann
Thomas (Director) and John Tobin (Director). Marianne Rossi is no longer a
member of the Team.
Mr. Schantz joined CSAM in March 2000. Previously, Mr. Schantz was senior vice
president and high-yield analyst at Prudential Securities from 1995 to February
2000.
Dated: May 2, 2000 16-0500
for
WPHYM
CSISB
