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WARBURG PINCUS FIXED INCOME FUND
WARBURG PINCUS GLOBAL FIXED INCOME FUND
WARBURG PINCUS INTERMEDIATE MATURITY GOVERNMENT FUND
SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
DATED FEBRUARY 17, 1998
The following information supersedes certain information in the
prospectuses and statement of additional information of the fund listed above in
the section entitled "Management of the Fund -- Portfolio Managers":
Fixed Income and Intermediate Government Funds. M. Anthony E. van Daalen,
formerly Co-Portfolio Manager, is now the sole Portfolio Manager of these Funds.
Global Fixed Income Fund. Charles C. Van Vleet, formerly Co-Portfolio
Manager, is now the sole Portfolio Manager of this Fund.
Dale C. Christensen no longer serves as Co-Portfolio Manager of these
Funds. Dated: December 24, 1998
16-1298
for
WPBDF
ADBDF