WARBURG PINCUS CAPITAL APPRECIATION FUND
NSAR-B, 1995-12-27
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SIGNATURE   WENDY MCGEE                                  
TITLE       LEGAL ASSISTANT     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811159
<NAME> WARBURG PINCUS CAPITAL APPRECIATION FUND
<SERIES>
   <NUMBER> 001
   <NAME> COMMON SHARES
       
<S>                             <C>
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<FISCAL-YEAR-END>                          OCT-31-1995
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<SHARES-COMMON-STOCK>                         15095015
<SHARES-COMMON-PRIOR>                         11724583
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000811159
<NAME> WARBURG PINCUS CAPITAL APPRECIATION FUND
<SERIES>
   <NUMBER> 002
   <NAME> ADVISOR SHARES
       
<S>                             <C>
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</TABLE>


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