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WARBURG PINCUS NEW YORK INTERMEDIATE MUNICIPAL FUND
(Common and Advisor Shares)
Supplement to the Prospectus and Statement of Additional
Information dated February 17, 1998
The following information supplements the information in the Prospectus and
Statement of Additional Information in the section entitled "Management of the
Funds":
Effective October 22, 1998, Dale C. Christensen is no longer a Co-Portfolio
Manager of the Warburg Pincus New York Intermediate Municipal Fund. Patrick A.
Bittner and Sharon B. Parente continue to serve as Co-Portfolio Managers of the
Fund.
Dated: October 22, 1998 16-1098
for
WPBDF
ADBDF
