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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION
WARBURG PINCUS INSTITUTIONAL FUND -- VALUE PORTFOLIO
WARBURG PINCUS TRUST -- GROWTH & INCOME PORTFOLIO
The following information supersedes certain information in the funds'
Prospectuses and Statements of Additional Information.
Robert E. Rescoe joins Scott T. Lewis as Co-Portfolio Manager of these
portfolios. Mr. Rescoe has been with CSAM since 1999 as a result of Credit
Suisse's acquisition of Warburg Pincus. Mr. Rescoe joined Warburg Pincus in
1983. Stacy Dutton no longer serves as Co-Portfolio Manager of these portfolios.
Dated: March 27, 2000 16-0300
for
WPINU
TRGIP
TRGRI
