WARBURG PINCUS INTERNATIONAL EQUITY FUND /PA/
NSAR-B, 1999-12-28
Previous: ML LEE ACQUISITION FUND RETIREMENT ACCOUNTS II L P, 8-K, 1999-12-28
Next: GRACE DEVELOPMENT INC, 8-K/A, 1999-12-28



<PAGE>      PAGE  1
000 B000000 10/31/1999
000 C000000 0000846582
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 WARBURG PINCUS INTERNATIONAL EQUITY FUND,INC
001 B000000 811-5765
001 C000000 3027911640
002 A000000 400 BELLEVUE PARKWAY
002 B000000 WILMINGTON
002 C000000 DE
002 D010000 19809
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A000001 CREDIT SUISSE ASSET MANAGEMENT, LLC
008 B000001 A
008 C000001 801-37170
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10022
010 A000001 PFPC INC.
010 B000001 85-1196
010 C010001 WILMINGTON
010 C020001 DE
010 C030001 19809
010 A000002 COUNSELLORS FUNDS SERVICE, INC.
010 B000002 801-00000
010 C010002 NEW YORK
010 C020002 NY
010 C030002 10017
010 C040002 3147
012 A000001 BOSTON FINANCIAL DATA SERVICES
012 B000001 84-00896
<PAGE>      PAGE  2
012 C010001 QUINCY
012 C020001 MA
012 C030001 02171
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
015 A000001 PFPC TRUST CO.
015 B000001 C
015 C010001 PHILADELPHIA
015 C020001 PA
015 C030001 19103
015 E020001 X
015 A000002 STATE STREET BANK & TRUST CO.
015 B000002 C
015 C010002 BOSTON
015 C020002 MA
015 C030002 02110
015 E040002 X
018  000000 Y
019 A000000 Y
019 B000000   50
019 C000000 WARBURG PI
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000001 13-5674085
020 C000001    866
020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
020 C000002    673
020 A000003 SG WARBURG & CO., INC.
020 B000003 13-3340045
020 C000003    568
020 A000004 DEUTSHE BANK SECURITIES
020 B000004 13-2730828
020 C000004    481
020 A000005 SALOMON BROTHERS INC.
020 B000005 13-1912900
020 C000005    475
020 A000006 GOLDMAN, SACHS INC.
020 B000006 13-5108880
020 C000006    413
020 A000007 DRESDNER KLEINWORT
020 B000007 13-2647786
020 C000007    345
020 A000008 ABN-AMRO
020 B000008 13-3227945
020 C000008    332
020 A000009 CS FIRST BOSTON
020 B000009 13-5659485
020 C000009    313
020 A000010 CREDIT LYONNAIS
<PAGE>      PAGE  3
020 B000010 00-0000000
020 C000010    299
021  000000     8299
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001   2845955
022 D000001         0
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002    509100
022 D000002     17992
022 A000003 GOLDMAN, SACHS & CO.
022 B000003 13-5108880
022 C000003    193542
022 D000003      8765
022 A000004 SMITH BARNEY INC.
022 B000004 13-1912900
022 C000004     23233
022 D000004     19152
022 A000005 LEHMAN BROTHERS INC.
022 B000005 13-2518466
022 C000005     15477
022 D000005     11498
022 A000006 MORGAN STANLEY
022 B000006 13-2655998
022 C000006     16935
022 D000006      1035
022 A000007 DRESDNER KLIENWORT
022 B000007 13-2647786
022 C000007     16078
022 D000007         0
022 A000008 ABN-AMRO
022 B000008 13-2647786
022 C000008     11592
022 D000008         0
022 A000009 INDOSUEZ WICARR SECURITIES
022 B000009 00-0000000
022 C000009         0
022 D000009      9858
022 C000010         0
022 D000010         0
023 C000000    3658903
023 D000000      86374
024  000000 N
025 D000001       0
025 D000002       0
025 D000003       0
025 D000004       0
025 D000005       0
025 D000006       0
025 D000007       0
<PAGE>      PAGE  4
025 D000008       0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
028 A010000    172729
028 A020000         0
028 A030000         0
028 A040000    211868
028 B010000    186912
028 B020000         0
028 B030000         0
028 B040000    197444
028 C010000    168631
028 C020000         0
028 C030000         0
028 C040000    258178
028 D010000    222677
028 D020000         0
028 D030000         0
028 D040000    266565
028 E010000    176328
028 E020000         0
028 E030000         0
028 E040000    216588
028 F010000    316360
028 F020000         0
028 F030000         0
028 F040000    261060
028 G010000   1243637
028 G020000         0
028 G030000         0
028 G040000   1411703
028 H000000         0
029  000000 N
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
034  000000 N
035  000000      0
036 B000000      0
<PAGE>      PAGE  5
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000 100
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000   1278
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  1.000
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 Y
053 B000000 Y
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
<PAGE>      PAGE  6
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 N
054 I000000 N
054 J000000 N
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 Y
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
061  000000     2500
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 Y
069  000000 N
<PAGE>      PAGE  7
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 Y
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000   1440176
071 B000000   2214755
071 C000000   1237825
071 D000000  116
072 A000000 12
072 B000000     1229
072 C000000    24295
072 D000000        0
072 E000000        0
072 F000000    12604
072 G000000     2282
072 H000000        0
072 I000000     1274
072 J000000      792
072 K000000        0
<PAGE>      PAGE  8
072 L000000      248
072 M000000       18
072 N000000      130
072 O000000        0
072 P000000      513
072 Q000000        0
072 R000000       64
072 S000000       83
072 T000000     1278
072 U000000        0
072 V000000        0
072 W000000       60
072 X000000    19346
072 Y000000       87
072 Z000000     6265
072AA000000   374115
072BB000000   203052
072CC010000   205468
072CC020000        0
072DD010000        0
072DD020000        0
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000        0
074 B000000        0
074 C000000        0
074 D000000        0
074 E000000        0
074 F000000  1057473
074 G000000        0
074 H000000        0
074 I000000   131456
074 J000000       84
074 K000000        0
074 L000000    30719
074 M000000       15
074 N000000  1219747
074 O000000     5132
074 P000000        0
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000    12094
074 S000000        0
074 T000000  1202521
074 U010000    44366
074 U020000    10769
<PAGE>      PAGE  9
074 V010000    21.88
074 V020000    21.54
074 W000000   0.0000
074 X000000    19279
074 Y000000        0
075 A000000        0
075 B000000  1260395
076  000000     0.00
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 Y
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A000000 VIGILANT INSURANCE CO.
080 B000000 NONE
080 C000000    20000
081 A000000 Y
081 B000000  37
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
086 A020000      0
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
<PAGE>      PAGE  10
086 F010000      0
086 F020000      0
SIGNATURE   MARY JANE MALONEY
TITLE       MANAGER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000846582
<NAME> WARBURG PINCUS INTERNATIONAL EQUITY FUND
<SERIES>
   <NUMBER> 001
   <NAME> COMMON CLASS

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                        931870666
<INVESTMENTS-AT-VALUE>                      1188928795
<RECEIVABLES>                                 30803708
<ASSETS-OTHER>                                   14685
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1219747188
<PAYABLE-FOR-SECURITIES>                       5131854
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     12094812
<TOTAL-LIABILITIES>                           17226666
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     962104022
<SHARES-COMMON-STOCK>                         44365547
<SHARES-COMMON-PRIOR>                         77159685
<ACCUMULATED-NII-CURRENT>                      5901701
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (22428004)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     256942803
<NET-ASSETS>                                1202520522
<DIVIDEND-INCOME>                             24295061
<INTEREST-INCOME>                              1229038
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              (19259003)
<NET-INVESTMENT-INCOME>                        6265096
<REALIZED-GAINS-CURRENT>                     141496862
<APPREC-INCREASE-CURRENT>                    205467968
<NET-CHANGE-FROM-OPS>                        353229926
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     1778780264
<NUMBER-OF-SHARES-REDEEMED>               (2378091713)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (381418920)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (164288256)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         12603946
<INTEREST-EXPENSE>                              513144
<GROSS-EXPENSE>                               19345700
<AVERAGE-NET-ASSETS>                        1260394616
<PER-SHARE-NAV-BEGIN>                            16.64
<PER-SHARE-NII>                                    .13
<PER-SHARE-GAIN-APPREC>                           5.11
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.88
<EXPENSE-RATIO>                                   1.44



</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000846582
<NAME> WARBURG PINCUS INTERNATIONAL EQUITY FUND
<SERIES>
   <NUMBER> 002
   <NAME> ADVISOR CLASS

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               OCT-31-1999
<INVESTMENTS-AT-COST>                        931870666
<INVESTMENTS-AT-VALUE>                      1188928795
<RECEIVABLES>                                 30803708
<ASSETS-OTHER>                                   14685
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1219747188
<PAYABLE-FOR-SECURITIES>                       5131854
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     12094812
<TOTAL-LIABILITIES>                           17226666
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     962104022
<SHARES-COMMON-STOCK>                         10769314
<SHARES-COMMON-PRIOR>                         18235640
<ACCUMULATED-NII-CURRENT>                      5901701
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (22428004)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     256942803
<NET-ASSETS>                                1202520522
<DIVIDEND-INCOME>                             24295061
<INTEREST-INCOME>                              1229038
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              (19259003)
<NET-INVESTMENT-INCOME>                        6265096
<REALIZED-GAINS-CURRENT>                     141496862
<APPREC-INCREASE-CURRENT>                    205467968
<NET-CHANGE-FROM-OPS>                        353229926
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       46326070
<NUMBER-OF-SHARES-REDEEMED>                (181663467)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (381418920)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                  (164288256)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                         12603946
<INTEREST-EXPENSE>                              513144
<GROSS-EXPENSE>                               19345700
<AVERAGE-NET-ASSETS>                        1260394616
<PER-SHARE-NAV-BEGIN>                            16.47
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                           5.04
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.54
<EXPENSE-RATIO>                                   1.94



</TABLE>


                        EXHIBIT INDEX

EXHIBIT A:
  Attachment to item 77B:
  Accountants report on internal control

EXHIBIT B:
  Attachment to item 77C: Submission of matters to a vote of
  Security holders.

EXHIBIT C:
  Attachment to item 77H: Changes in control of Registrant.

EXHIBIT D:
  Attachment to item 77Q1: New Investment Advisory Agreement
- ------------------------------------------------------------------

EXHIBIT A
REPORT OF INDEPENDENT ACCOUNTANTS

To the Board of Directors and Shareholders
of Warburg, Pincus International Equity Fund, Inc.:

In planning and performing our audit of the financial statements
and financial highlights of Warburg, Pincus International Equity
Fund, Inc. (the "Fund") for the year ended October 31, 1999, we
considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and financial highlights and to comply with
the requirements of Form N-SAR, not to provide assurance on
internal control.

The management of the Fund is responsible for establishing and
maintaining internal control.  In fulfilling this responsibility,
estimates and judgements by management are required to assess the
expected benefits and related costs of controls.  Generally,
controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements and financial
highlights for external purposes that are fairly presented in
conformity with generally accepted accounting principles.  Those
controls include the safeguarding of assets against unauthorised
acquisition, use or disposition.

Because of inherent limitations in internal controls, errors or
fraud may occur and not be detected.  Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.

Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants.  A material weakness is a
condition in which the design or operation of one or more of the
internal control components does not reduce to a relatively low
level the risk that misstatements caused by errors or fraud in
amounts that would be material in relation to the financial
statements and financial highlights being audited may occur and
not be detected within a timely period by employees in the normal
course of performing their assigned functions.  However, we noted
no matters involving internal control and its operation,
including controls over safeguarding securities, that we consider
to be material weaknesses as defined above as of October 31,
1999.

This report is intended solely for the information and use of
management, the Board of Directors of the Fund, and the
Securities and Exchange Commission.

PricewaterhouseCoopers LLP
December 10, 1999




EXHIBIT B:

Warburg, Pincus International Equity Fund, Inc.
Registration No. 33-27031
Sub-Item 77C:  Submission of matter to a vote of security holders
(a) A special meeting was held on May 21, 1999.
(b) At the special meeting held on May 21, 1999, the
following persons were elected as directors of the Fund,
constituting the entire Board of Directors: Richard H. Francis,
Jack W. Fritz, Jeffrey E. Garten, James S. Pasman, Jr., William
W. Priest, Steven N. Rappaport, Arnold M. Reichman, Alexander B.
Trowbridge.
(c) At the special meeting held on May 21, 1999,
shareholders of the Fund were asked to approve a new investment
advisory agreement between the Fund and Credit Suisse Asset
Management, LLC.
The new investment advisory agreement was approved by
shareholders and the shareholder vote was as follows:

            Total Number of Votes          Percentage of total
                                            number of shares
                                              outstanding

Approve      43,631,474.4944                    60.52%
Disapprove      668,159.0348                     0.93%
Abstain       1,215,432.7700                     1.69%

(d) Not applicable



EXHIBIT C:
Sub-Item 77H:  Changes in control of registrant
(a) On July 6, 1999, Credit Suisse Group acquired Warburg
Pincus Asset Management, Inc. ("Warburg Pincus"), the Fund's
former investment adviser.  Warburg Pincus was combined with
Credit Suisse Group's existing U.S. asset management business,
Credit Suisse Asset Management, LLC, which is an indirect wholly-
owned U.S. subsidiary of Credit Suisse Group.  Credit Suisse
Group may be deemed to control the Fund on the basis of its
control of Credit Suisse Asset Management, LLC, the Fund's
current investment adviser.
(b) On July 6, 1999, Warburg, Pincus & Co., formerly the
ultimate parent of Warburg Pincus, ceased to be a controlling
person of the Fund as a result of the transactions described in
Sub-Item 77H(a).




EXHIBIT D:
Sub-Item 77Q1:  Exhibits
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Not applicable
(e) New Investment Advisory Agreement
(f) Not applicable
(g) Not applicabl






© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission