<PAGE>
WARBURG PINCUS FUNDS
Supplement to Prospectus
and Statement of Additional Information
Effective October 15, 1997, Warburg, Pincus Counsellors, Inc.
("Warburg"), the Funds' investment adviser, will change its name to "Warburg
Pincus Asset Management, Inc." The name change will have no effect on the
ownership or control of Warburg or any aspect of the current management of the
Warburg Pincus Funds.
Dated: October 14, 1997 16-1097
for
WPBDF
WPDSF
WPGBT
WPHSC
WPINS
WPISF
WPMMF
WPPVF
WPSCG
WPSTV
TREQF
TRBDF
<PAGE>
WARBURG PINCUS FUNDS
(Advisor Shares)
Supplement to Prospectus
and Statement of Additional Information
Effective October 15, 1997, Warburg, Pincus Counsellors, Inc.
("Warburg"), the Funds' investment adviser, will change its name to "Warburg
Pincus Asset Management, Inc." The name change will have no effect on the
ownership or control of Warburg or any aspect of the current management of the
Warburg Pincus Funds.
Dated: October 14, 1997 16-1097
for
ADBAL
ADBDF
ADCAP
ADEMG
ADEMK
ADGPV
ADGRI
ADIEQ
ADJPG
ADOTC
ADPVC
ADSCG
ADSCV
ADSTV