WARBURG PINCUS MANAGED BOND TRUST
NSAR-B, 1995-12-27
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<PAGE>      PAGE  1
000 B000000 10/31/95
000 C000000 916901
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 WARBURG, PINCUS MANAGED BOND TRUST
001 B000000 811-8258
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
007 B000000  1
007 C010100  1
007 C020100 WARBURG PINCUS SHORT-TERM TAX ADVANTAGED BOND
007 C030100 N
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
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020 C000010      0
021  000000        0
022 A000001 STATE STREET BOSTON SECURITIES
022 B000001 04-1867445
022 C000001    339211
022 D000001      1000
022 A000002 PNC SECURITIES CORP.
022 B000002 25-1471636
<PAGE>      PAGE  2
022 C000002     68652
022 D000002         0
022 A000003 GOLDMAN SACHS & CO.
022 B000003 13-5108880
022 C000003     16609
022 D000003     11111
022 A000004 HSBC SECURITIES
022 B000004 13-2650272
022 C000004      8901
022 D000004      4948
022 A000005 PAINE WEBBER INC.
022 B000005 22-2803371
022 C000005      6560
022 D000005      6826
022 A000006 SANWA BGK SECURITIES
022 B000006 13-3046258
022 C000006      6739
022 D000006      6444
022 A000007 SMITH BARNEY SHEARSON
022 B000007 13-1912900
022 C000007      5169
022 D000007      5050
022 A000008 LEHMAN BROTHERS INC.
022 B000008 13-2518466
022 C000008      7116
022 D000008      1300
022 A000009 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000009 13-5674085
022 C000009      4697
022 D000009      2809
022 A000010 CHEMICAL SECURITIES INC.
022 B000010 13-5659485
022 C000010      2203
022 D000010      3603
023 C000000     486888
023 D000000      59962
026 A000000 N
026 B000000 Y
026 C000000 N
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026 G020000 N
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<PAGE>      PAGE  3
077 F000000 N
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077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 VIGILANT INSURANCE COMPANY
080 B00AA00 NONE
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081 B00AA00   5
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008 A000101 WARBURG, PINCUS COUNSELLORS, INC.
008 B000101 A
008 C000101 801-28496
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10017
008 D040101 3147
010 A000101 PFPC INC.
010 B000101 85-1196
010 C010101 WILMINGTON
010 C020101 DE
<PAGE>      PAGE  4
010 C030101 19809
010 A000102 COUNSELLORS FUNDS SERVICE, INC.
010 B000102 801-00000
010 C010102 NEW YORK
010 C020102 NY
010 C030102 10017
010 C040102 3147
012 A000101 BOSTON FINANCIAL DATA SERVICES
012 B000101 84-00896
012 C010101 QUINCY
012 C020101 MA
012 C030101 02171
013 A000101 COOPERS & LYBRAND L.L.P.
013 B010101 PHILADELPHIA
013 B020101 PA
013 B030101 19103
015 A000101 STATE STREET BANK AND TRUST CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02110
015 E010101 X
018  000100 Y
019 A000100 Y
019 B000100   19
019 C000100 COUNSELLOR
024  000100 Y
025 A000101 STATE STREET BOSTON SECURITIES
025 B000101 04-1867445
025 C000101 D
025 D000101    1933
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
062 C000100   4.0
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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SIGNATURE   WENDY MCGEE                                  
TITLE       LEGAL ASSISTANT     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000916901
<NAME> WARBURG PINCUS MANAGED BOND FUND
<SERIES>
   <NUMBER> 001
   <NAME> INSTITUTIONAL SHARES
       
<S>                             <C>
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<PERIOD-END>                               OCT-31-1995
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<INVESTMENTS-AT-VALUE>                        25762262
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                          2518130
<SHARES-COMMON-PRIOR>                          2086523
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<NET-ASSETS>                                  25205808
<DIVIDEND-INCOME>                                    0
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<EXPENSES-NET>                                   98065
<NET-INVESTMENT-INCOME>                        1028625
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<APPREC-INCREASE-CURRENT>                        77767
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000916901
<NAME> WARBURG PINCUS MANAGED BOND FUND
<SERIES>
   <NUMBER> 002
   <NAME> GAMMA SHARES
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               OCT-31-1995
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<INVESTMENTS-AT-VALUE>                        25762262
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<ASSETS-OTHER>                                  155322
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<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        97115
<TOTAL-LIABILITIES>                            1122245
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      25145227
<SHARES-COMMON-STOCK>                          2518130
<SHARES-COMMON-PRIOR>                          2086523
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<EQUALIZATION>                                       0
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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