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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 6
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SIGNATURE MARY JANE MALONEY
TITLE MANAGER
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EXHIBIT INDEX
EXHIBIT A:
Attachment to item 77C: Submission of matters to a vote of
security holders.
EXHIBIT B:
Attachment to item 77M: Mergers
EXHIBIT C:
Attachment to item 77Q1: Form of Plan of Reorganization
- -------------------------------------------------------------
EXHIBIT A:
Warburg, Pincus Select Economic Value Equity Fund, Inc.
Registration No. 333-60675
Sub-Item 77C: Submission of matter to a vote of security
holders
(a) A special meeting was held on September 28, 1998.
(b) Not applicable
(c) At the special meeting held on September 28, 1998,
shareholders of the Fund were asked to approve a Plan of
Reorganization dated as of September 1, 1998 providing (i)
that
each of BEA International Equity Fund, BEA Emerging Markets
Equity Fund, BEA U.S. Core Equity Fund, BEA U.S. Core Fixed
Income Fund, BEA Strategic Global Fixed Income Fund, BEA
High
Yield Fund, BEA Municipal Bond Fund, BEA Global
Telecommunications Fund, BEA Long-Short Market Neutral Fund,
BEA
Long-Short Equity Fund and BEA Select Economic Value Equity
Fund
(each, a "BEA Fund" and collectively, the "BEA Funds") would
be
reorganized from a series of the RBB Fund into Warburg,
Pincus
International Growth Fund, Inc., Warburg, Pincus Emerging
Markets
II Fund, Inc., Warburg, Pincus U.S. Core Equity Fund, Inc.,
Warburg, Pincus U.S. Core Fixed Income Fund, Inc., Warburg,
Pincus Strategic Global Fixed Income Fund, Inc., Warburg,
Pincus
High Yield Fund, Inc., Warburg, Pincus Municipal Bond Fund,
Inc.,
Warburg, Pincus Global Telecommunications Fund, Inc.,
Warburg,
Pincus Long-Short Market Neutral Fund, Inc., Warburg, Pincus
Long-Short Equity Fund, Inc. and Warburg, Pincus Select
Economic
Value Equity Fund, Inc., respectively, (each, a "Warburg
Fund"
and collectively, the "Warburg Funds"), (ii) that each BEA
Fund
would transfer to the corresponding Warburg Fund all or
substantially all of its assets in exchange for shares of
the
Warburg Fund and the assumption of liabilities, (iii) that
such
shares of the Warburg Funds would be distributed to
shareholders
of the BEA Funds in liquidation of the BEA Funds, and (iv)
that
the BEA Funds would subsequently be terminated.
The Plan of Reorganization was approved by shareholders and
the shareholder vote was as follows:
Total Number of Votes Percentage of
total
number of shares
outstanding
Approve 1,693,959.985 98.43%
Disapprove 0 0%
Abstain 0 0%
(d) Not applicable
EXHIBIT B:
Sub-Item 77M: Mergers
(a) As described in Sub-Item 77C above, substantially all of
the assets of each BEA Fund were acquired by a newly-formed
Warburg Fund pursuant to a Plan of Reorganization. While
not
structured as a merger or a consolidation for state law
purposes,
the practical effect of the transaction is that the relevant
BEA
Fund's business was continued through the corresponding
Warburg
Fund. The name of the other registered company involved in
the
transaction with the Fund was The RBB Fund, Inc.
(b) The Plan of Reorganization was unanimously approved by
the Board of Directors of The RBB Fund, Inc. on July 20,
1998 and
garnered the requisite shareholder vote for its approval on
September 28, 1998 from the corresponding BEA Fund's
shareholders. The Closing Date was October 23, 1998.
The transaction was designed such that the Fund would be a
continuation of its corresponding BEA Fund, and therefore,
did
not result in any change in the investment philosophy of the
corresponding BEA Fund. The investment objectives and
policies
of the Fund are in all material respects the same as those
of the
corresponding BEA Fund. The investment adviser, custodian,
transfer agent and accountant for the Fund are the same as
those
of the corresponding BEA Fund. The distributor of shares of
the
Fund is Counsellors Securities Inc., which until May 29,
1998 had
been the distributor for the corresponding BEA Fund.
All expenses of the transaction were borne by Credit Suisse
Asset Management (then named "BEA Associates"). No sales
charge
was imposed on the shares of the Fund received by the
shareholders of the corresponding BEA Fund. The transaction
was
structured to be tax-free for federal income tax purposes to
shareholders and to both the Fund and the corresponding BEA
Fund.
Although the corresponding BEA Fund, a series portfolio of
The RBB Fund, Inc. has ceased operations, The RBB Fund, Inc.
has
not ceased to be an investment company as defined in the
Investment Company Act of 1940, as amended.
EXHIBIT C:
Sub-Item 77Q1: Exhibits
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Not applicable
(e) Not applicable
(f) Not applicable
(g) Form of Plan of Reorganization*