<PAGE> 1
SUPPLEMENT TO THE PROSPECTUSES AND
STATEMENTS OF ADDITIONAL INFORMATION
WARBURG PINCUS FUNDS
CREDIT SUISSE INSTITUTIONAL FUNDS
The following information replaces certain information contained in the funds'
Prospectuses and Statements of Additional Information.
Change of Distributor. Effective immediately, Credit Suisse Asset Management
Securities, Inc. (CSAMSI), located at 466 Lexington Avenue, New York, New York
10017, has replaced Provident Distributors, Inc. as the funds' distributor.
CSAMSI is affiliated with Credit Suisse Asset Management, LLC, the funds'
investment adviser.
Dated: August 1, 2000
