WARBURG PINCUS JAPAN OTC FUND INC
NSAR-B, 1997-12-29
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<PAGE>      PAGE  1
000 B000000 10/31/97
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SIGNATURE   KATHY THREN                                  
TITLE       COUNSEL             
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000927947
<NAME> WARBURG PINCUS JAPAN OTC FUND
<SERIES>
   <NUMBER> 001
   <NAME> COMMON CLASS
       
<S>                             <C>
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<INVESTMENTS-AT-VALUE>                        39794857
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<SHARES-COMMON-STOCK>                          6539596
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000927947
<NAME> WARBURG PINCUS JAPAN OTC FUND
<SERIES>
   <NUMBER> 002
   <NAME> ADVISOR CLASS
       
<S>                             <C>
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</TABLE>


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