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SUPPLEMENT TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS GLOBAL FIXED INCOME FUND
(PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION,
DATED FEBRUARY 17, 1998)
WARBURG PINCUS INSTITUTIONAL FUND --
GLOBAL FIXED INCOME PORTFOLIO
(PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION,
DATED FEBRUARY 27, 1998)
WARBURG PINCUS TRUST II --
GLOBAL FIXED INCOME PORTFOLIO
(PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION,
DATED APRIL 30, 1998)
WARBURG PINCUS NEW YORK INTERMEDIATE MUNICIPAL FUND
(PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION,
DATED FEBRUARY 17, 1998)
The following information supplements certain information in the prospectus
and statement of additional information of each Warburg Pincus Fund listed above
in the section entitled "Management of the Fund(s)/Portfolio -- Portfolio
Managers":
WARBURG PINCUS GLOBAL FIXED INCOME FUND AND
GLOBAL FIXED INCOME PORTFOLIOS OF WARBURG PINCUS
INSTITUTIONAL FUND AND WARBURG PINCUS TRUST II
Charles C. Van Vleet serves as Co-Portfolio Manager of the Fund/Portfolio,
along with Co-Portfolio Manager Dale C. Christensen. Mr. Van Vleet has been
Co-Portfolio Manager of the Fund/Portfolio since joining Warburg in May 1998.
Prior to that time, Mr. Van Vleet was a senior vice president and senior global
strategist at Putnam Investment Management from 1994 to 1998. From 1991 to 1994,
Mr. Van Vleet served as vice president and senior portfolio manager at Alliance
Capital Management.
WARBURG PINCUS NEW YORK INTERMEDIATE MUNICIPAL FUND
Patrick A. Bittner serves as Co-Portfolio Manager of the Fund, along with
Co-Portfolio Managers Dale C. Christensen and Sharon B. Parente. Mr. Bittner, an
Assistant Vice President of Warburg, has been a Co-Portfolio Manager of the Fund
since May 1998. Prior to joining Warburg in 1994, Mr. Bittner was an assistant
portfolio manager at First Fidelity Bank from 1991 to 1994.
Dated: May 29, 1998 16-0598 for WPBDF
ADBDF
WPINI
TRBDF
