<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000811142
<NAME> WARBURG PINCUS FIXED INCOME FUND
<SERIES>
<NUMBER> 001
<NAME> COMMON CLASS
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 337250988
<INVESTMENTS-AT-VALUE> 321230919
<RECEIVABLES> 5210959
<ASSETS-OTHER> 59027
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 326500905
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2047242
<TOTAL-LIABILITIES> 2047242
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 349096099
<SHARES-COMMON-STOCK> 33137941
<SHARES-COMMON-PRIOR> 39777907
<ACCUMULATED-NII-CURRENT> 23203
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (8645571)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (16020068)
<NET-ASSETS> 324453663
<DIVIDEND-INCOME> 411125
<INTEREST-INCOME> 12244678
<OTHER-INCOME> 0
<EXPENSES-NET> (1347567)
<NET-INVESTMENT-INCOME> 11308236
<REALIZED-GAINS-CURRENT> (6562048)
<APPREC-INCREASE-CURRENT> (4190076)
<NET-CHANGE-FROM-OPS> 556112
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (11147373)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 141889568
<NUMBER-OF-SHARES-REDEEMED> (215023621)
<SHARES-REINVESTED> 8244647
<NET-CHANGE-IN-ASSETS> (75796340)
<ACCUMULATED-NII-PRIOR> 62993
<ACCUMULATED-GAINS-PRIOR> (2083523)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 892919
<INTEREST-EXPENSE> 1408
<GROSS-EXPENSE> 1448672
<AVERAGE-NET-ASSETS> 359130002
<PER-SHARE-NAV-BEGIN> 9.89
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> (.30)
<PER-SHARE-DIVIDEND> (.31)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.59
<EXPENSE-RATIO> .78
</TABLE>
