WARBURG PINCUS FIXED INCOME FUND /NY/
497, 2000-01-07
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<PAGE>   1

                   SUPPLEMENT TO THE COMMON CLASS PROSPECTUS

              WARBURG PINCUS INTERMEDIATE MATURITY GOVERNMENT FUND
              WARBURG PINCUS NEW YORK INTERMEDIATE MUNICIPAL FUND
                        WARBURG PINCUS FIXED INCOME FUND
                    WARBURG PINCUS GLOBAL FIXED INCOME FUND

The following supersedes contrary information in the section in the funds'
Common Class Prospectus entitled "Other Information -- About the Distributor".

Effective January 3, 2000, Provident Distributors, Inc., located at Four Falls
Corporate Center, West Conshohocken, PA 19428-2961, became the funds'
distributor, and is responsible for making the funds available to you.

Dated: January 7, 2000                                            WPBDF-16-0100A
<PAGE>   2

                         SUPPLEMENT TO THE PROSPECTUSES

                     WARBURG PINCUS FUNDS -- ADVISOR CLASS

The following supersedes contrary information in the section in the funds'
Advisor Class Prospectuses entitled "Other Information -- About the
Distributor".

Effective January 3, 2000, Provident Distributors, Inc., located at Four Falls
Corporate Center, West Conshohocken, PA 19428-2961, became the funds'
distributor, and is responsible for making the funds available to you.

Dated: January 7, 2000                                                  16-0100A
                                                                   for
                                                                   ADBAL
                                                                   ADBDF
                                                                   ADCAP
                                                                   ADEMG
                                                                   ADGRI
                                                                   ADIEQ
                                                                   ADJPG
                                                                   ADOTC
                                                                   ADSAP


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