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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS GLOBAL FIXED INCOME FUND
The following information supersedes certain information in the fund's
Prospectuses and Statement of Additional Information.
The fund may purchase and write (sell) options on foreign currencies, and enter
into foreign currency futures contracts, forward contracts or swaps, for hedging
purposes, as described in the Prospectuses, and to seek to enhance total return
(speculation). To the extent that the fund engages in these practices for
speculation, it will be subject to credit, currency, liquidity, speculative
exposure and valuation risk as described in "More About Risk -- Types of
Investment Risk" in the Prospectuses.
Dated: August 13, 1999 16-0899 for
WPBDF
ADBDF
