WARBURG PINCUS INSTITUTIONAL FUND INC
NSAR-A, 1999-06-28
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<PAGE>      PAGE  1
000 A000000 04/30/99
000 C000000 0000887589
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 WARBURG PINCUS INSTITUTIONAL FUND, INC.
001 B000000 811-6670
001 C000000 3027912919
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 Y
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007 C010100  1
007 C020100 INTERNATIONAL EQUITY PORTFOLIO
007 C030100 N
007 C010200  2
007 C020200 SMALL COMPANY GROWTH PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 EMERGING MARKETS PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C020500 VALUE PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 POST-VENTURE CAPITAL PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 SMALL COMPANY VALUE PORTFOLIO
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<PAGE>      PAGE  2
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008 A00AA01 WARBURG PINCUS ASSET MANAGEMENT, INC.
008 B00AA01 A
008 C00AA01 801-28496
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10017
008 D04AA01 3147
010 A00AA01 PFPC INC.
010 B00AA01 85-1196
010 C01AA01 WILMINGTON
010 C02AA01 DE
010 C03AA01 19809
010 A00AA02 COUNSELLORS FUNDS SERVICE, INC.
010 B00AA02 801-00000
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010 C02AA02 NY
010 C03AA02 10017
010 C04AA02 3147
012 A00AA01 BOSTON FINANCIAL DATA SERVICES, INC.
012 B00AA01 84-00896
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012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
<PAGE>      PAGE  3
013 B03AA01 19103
014 A00AA01 COUNSELLORS SECURITIES INC.
014 B00AA01 8-32482
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000001 13-5674085
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020 A000002 MORGAN STANLEY & CO. INC.
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<PAGE>      PAGE  4
022 B000005 94-3220242
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022 A000007 CS FIRST BOSTON
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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080 A00AA00 VIGILANT INSURANCE COMPANY
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015 A000101 PFPC TRUST CO.
<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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019 C000500 WARBURG PI
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025 A000501 LEHMAN BROTHERS INC.
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025 D000508       0
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028 A030500         0
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<PAGE>      PAGE  20
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048 H020500 0.000
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048 I020500 0.000
048 J010500        0
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060 A000500 Y
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066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 Y
067  000500 N
068 A000500 N
<PAGE>      PAGE  21
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 Y
070 Q020500 N
070 R010500 Y
070 R020500 N
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071 B000500     45961
071 C000500     52787
071 D000500   38
072 A000500  6
072 B000500      106
072 C000500      377
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072 E000500        0
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072 G000500       59
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072 I000500        1
<PAGE>      PAGE  22
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074 E000500      101
074 F000500    38364
074 G000500        0
074 H000500        0
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074 L000500      257
074 M000500        0
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074 S000500        0
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<PAGE>      PAGE  23
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074 U020500        0
074 V010500    13.78
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074 X000500        5
074 Y000500        0
075 A000500        0
075 B000500    57628
076  000500     0.00
015 A000601 PFPC TRUST CO.
015 B000601 C
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015 C020601 PA
015 C030601 19103
015 E010601 X
015 A000602 STATE STREET BANK & TRUST CO.
015 B000602 C
015 C010602 BOSTON
015 C020602 MA
015 C030602 02110
015 E040602 X
018  000600 Y
019 A000600 Y
019 B000600   48
019 C000600 WARBURG PI
024  000600 N
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025 D000602       0
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025 D000604       0
025 D000605       0
025 D000606       0
025 D000607       0
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<PAGE>      PAGE  24
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045  000600 Y
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048 E020600 0.000
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048 F020600 0.000
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048 G020600 0.000
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048 H020600 0.000
048 I010600        0
048 I020600 0.000
048 J010600        0
048 J020600 0.000
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048 K020600 0.000
058 A000600 N
059  000600 Y
060 A000600 Y
060 B000600 Y
061  000600  1000000
066 A000600 Y
066 B000600 N
066 C000600 N
066 D000600 Y
066 E000600 N
066 F000600 N
066 G000600 N
<PAGE>      PAGE  25
067  000600 N
068 A000600 N
068 B000600 N
069  000600 N
070 A010600 Y
070 A020600 Y
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 Y
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 N
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 Y
070 Q020600 N
070 R010600 Y
070 R020600 N
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071 D000600   63
072 A000600  6
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072 F000600        7
072 G000600        2
<PAGE>      PAGE  26
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072 N000600        6
072 O000600        0
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072 R000600        5
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072 V000600        0
072 W000600        0
072 X000600       32
072 Y000600       24
072 Z000600       -6
072AA000600      165
072BB000600      290
072CC010600      383
072CC020600        0
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073 A010600   0.0100
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074 F000600     1177
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074 M000600       28
074 N000600     1307
074 O000600       17
074 P000600        0
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<PAGE>      PAGE  27
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074 T000600     1268
074 U010600      126
074 U020600        0
074 V010600    10.07
074 V020600     0.00
074 W000600   0.0000
074 X000600       19
074 Y000600        0
075 A000600        0
075 B000600     1259
076  000600     0.00
015 A000701 PFPC TRUST CO.
015 B000701 C
015 C010701 PHILADELPHIA
015 C020701 PA
015 C030701 19103
015 E010701 X
015 A000702 STATE STREET BANK & TRUST CO.
015 B000702 C
015 C010702 BOSTON
015 C020702 MA
015 C030702 02110
015 E040702 X
018  000700 Y
019 A000700 Y
019 B000700   48
019 C000700 WARBURG PI
024  000700 N
025 D000701       0
025 D000702       0
025 D000703       0
025 D000704       0
025 D000705       0
025 D000706       0
025 D000707       0
025 D000708       0
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028 A040700       167
028 B010700         0
028 B020700        16
028 B030700         0
028 B040700         4
028 C010700       431
028 C020700         0
028 C030700         0
028 C040700       213
028 D010700         0
028 D020700         0
<PAGE>      PAGE  28
028 D030700         0
028 D040700       852
028 E010700         0
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028 E040700        92
028 F010700         4
028 F020700         0
028 F030700         0
028 F040700        35
028 G010700       435
028 G020700        16
028 G030700         0
028 G040700      1363
028 H000700         0
045  000700 Y
046  000700 N
047  000700 Y
048  000700  0.900
048 A010700        0
048 A020700 0.000
048 B010700        0
048 B020700 0.000
048 C010700        0
048 C020700 0.000
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048 E010700        0
048 E020700 0.000
048 F010700        0
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048 I010700        0
048 I020700 0.000
048 J010700        0
048 J020700 0.000
048 K010700        0
048 K020700 0.000
058 A000700 N
059  000700 Y
060 A000700 Y
060 B000700 Y
061  000700  1000000
066 A000700 Y
066 B000700 N
066 C000700 Y
066 D000700 N
066 E000700 N
<PAGE>      PAGE  29
066 F000700 N
066 G000700 N
067  000700 N
068 A000700 N
068 B000700 N
069  000700 N
070 A010700 Y
070 A020700 Y
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 Y
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 Y
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700      1307
071 B000700      2122
071 C000700      1303
071 D000700  100
072 A000700  6
072 B000700        2
072 C000700        4
072 D000700        0
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<PAGE>      PAGE  30
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<PAGE>      PAGE  31
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074 Y000700        0
075 A000700        0
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015 A000801 PFPC TRUST CO.
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018  000800 Y
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019 B000800   48
019 C000800 WARBURG PI
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<PAGE>      PAGE  32
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<PAGE>      PAGE  33
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070 E020800 N
070 F010800 Y
070 F020800 N
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070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 Y
070 I020800 N
070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 N
070 L010800 Y
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070 M010800 Y
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070 O020800 N
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<PAGE>      PAGE  34
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<PAGE>      PAGE  35
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072 S003300        0
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072 V003300        0
072 W003300        0
072 X003300        0
SIGNATURE   MARY JANE MALONEY
TITLE       MANAGER



<TABLE> <S> <C>

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<CIK> 0000887589
<NAME> WARBURG, PINCUS INSTITUTIONAL FUND, INC.
<SERIES>
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<NAME> WARBURG, PINCUS INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 02
   <NAME> SMALL COMPANY GROWTH PORTFOLIO

<S>                             <C>
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<NET-INVESTMENT-INCOME>                       (680870)
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<EXPENSE-RATIO>                                    .99


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000887589
<NAME> WARBURG, PINCUS INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 03
   <NAME> EMERGING MARKETS PORTFOLIO

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000887589
<NAME> WARBURG, PINCUS INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 05
   <NAME> VALUE PORTFOLIO

<S>                             <C>
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<FISCAL-YEAR-END>                          OCT-31-1999
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<DISTRIBUTIONS-OF-INCOME>                     (687635)
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<NUMBER-OF-SHARES-REDEEMED>                 (32620294)
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<ACCUMULATED-GAINS-PRIOR>                    (2241410)
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<PER-SHARE-NAV-END>                              13.78
<EXPENSE-RATIO>                                    .75


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000887589
<NAME> WARBURG, PINCUS INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 06
   <NAME> POST-VENTURE CAPITAL PORTFOLIO

<S>                             <C>
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<NUMBER-OF-SHARES-REDEEMED>                   (163881)
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<NET-CHANGE-IN-ASSETS>                           87574
<ACCUMULATED-NII-PRIOR>                           1662
<ACCUMULATED-GAINS-PRIOR>                     (106357)
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<EXPENSE-RATIO>                                   1.25


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000887589
<NAME> WARBURG, PINCUS INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 07
   <NAME> SMALL COMPANY VALUE PORTFOLIO

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
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<INVESTMENTS-AT-VALUE>                          823962
<RECEIVABLES>                                    19866
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<OTHER-ITEMS-ASSETS>                                 0
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<SENIOR-LONG-TERM-DEBT>                              0
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<PER-SHARE-NII>                                  (.06)
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<PER-SHARE-NAV-END>                               8.00
<EXPENSE-RATIO>                                    .99


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000887589
<NAME> WARBURG, PINCUS INSTITUTIONAL FUND, INC.
<SERIES>
   <NUMBER> 08
   <NAME> JAPAN GROWTH PORTFOLIO

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1999
<PERIOD-END>                               APR-30-1999
<INVESTMENTS-AT-COST>                          3811790
<INVESTMENTS-AT-VALUE>                         5005096
<RECEIVABLES>                                    17758
<ASSETS-OTHER>                                   31439
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 5054293
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        18761
<TOTAL-LIABILITIES>                              18761
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       3805063
<SHARES-COMMON-STOCK>                           331037
<SHARES-COMMON-PRIOR>                           161656
<ACCUMULATED-NII-CURRENT>                        14529
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          13593
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                       1202347
<NET-ASSETS>                                   5035532
<DIVIDEND-INCOME>                                 8604
<INTEREST-INCOME>                                 1811
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 (14896)
<NET-INVESTMENT-INCOME>                         (4481)
<REALIZED-GAINS-CURRENT>                       (38145)
<APPREC-INCREASE-CURRENT>                      1426221
<NET-CHANGE-FROM-OPS>                          1383595
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (14953)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2190000
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                               1090
<NET-CHANGE-IN-ASSETS>                         3559732
<ACCUMULATED-NII-PRIOR>                          14953
<ACCUMULATED-GAINS-PRIOR>                        70748
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            13108
<INTEREST-EXPENSE>                                 (3)
<GROSS-EXPENSE>                                  38988
<AVERAGE-NET-ASSETS>                           2403070
<PER-SHARE-NAV-BEGIN>                             9.13
<PER-SHARE-NII>                                    .04
<PER-SHARE-GAIN-APPREC>                           6.13
<PER-SHARE-DIVIDEND>                             (.09)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.21
<EXPENSE-RATIO>                                   1.25


</TABLE>


                        EXHIBIT INDEX


Exhibit A: Attachment to item 77D:
           Policies with respect to security investments

- -------------------------------------------------------

Exhibit A:
Sub-Item 77D


Warburg, Pincus Institutional Fund, Inc.
Previously filed and contained in the Fund's registration
statement on Form N-1A (SEC File No. 33-47880) filed on
December 23, 1998.





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