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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENTS OF ADDITIONAL INFORMATION
WARBURG PINCUS EMERGING MARKETS FUND
WARBURG PINCUS TRUST-EMERGING MARKETS PORTFOLIO
The following information supplements certain information contained in the
Prospectuses and Statements of Additional Information related to the Warburg
Pincus Emerging Markets Fund (Fund) and the Emerging Markets Portfolio
(Portfolio) of Warburg Pincus Trust (Trust).
New Sub-Investment Adviser. Effective immediately, Credit Suisse Asset
Management Limited (CSAM U.K.), located at Beaufort House, 15 St. Botolph
Street, London, EX 3A 7JJ, has been retained as sub-investment adviser to the
Fund and the Portfolio. The sub-investment advisory agreements with CSAM U.K.
were approved by the shareholders of the Fund and the Portfolio at a special
meeting held jointly on July 14, 2000. CSAM U.K. is responsible for assisting
Credit Suisse Asset Management, LLC (CSAM) in the management of the Fund's and
Portfolio's international assets. CSAM U.K.'s sub-investment advisory fee will
be paid by CSAM out of CSAM's net investment advisory fee and not by the Fund or
the Portfolio. Accordingly, no additional investment advisory fees will be paid
by shareholders.
Like CSAM, CSAM U.K. is a member of Credit Suisse Asset Management and a
subsidiary of Credit Suisse Group (Credit Suisse), one of the world's leading
banks, and currently manages approximately $37 billion in assets. CSAM U.K. is a
diversified asset manager, handling global equity, balanced, fixed income and
derivative securities accounts for other investment companies, corporate pension
and profit-sharing plans, state pension funds, union funds, endowments and other
charitable institutions.
Portfolio Manager Changes. Neil Gregson, as Associate Portfolio Manager of the
Fund and the Portfolio, has joined Richard Watt, who serves as Portfolio
Manager, and Emily Alejos and Robert Hrabchak, who serve as Associate Portfolio
Managers of the Fund and the Portfolio. Mr. Gregson is a Director of CSAM U.K.
and has been affiliated with CSAM U.K. and with Credit Suisse since 2000 and
1991, respectively. Federico D. Laffan and Jun Sung Kim are leaving their
positions as Associate Portfolio Managers of the Fund and the Portfolio to
devote more time to other investment areas.
Dated: November 14, 2000 16-1100
for
WPISF
ADEAG
TREMK
TREPX
TRIUS
