WARBURG PINCUS TRUST
NSAR-B, 1997-02-21
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<PAGE>      PAGE  1
000 B000000 12/31/96
000 C000000 0000941568
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 TRUST
001 B000000 811-7261
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  3
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 POST-VENTURE CAPITAL PORTFOLIO
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
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 801-000000
010 C01AA02 NEW YORK
010 C02AA02 NY
010 C03AA02 10017
010 C04AA02 3147
012 A00AA01 BOSTON FINANCIAL DATA SERVICES
012 B00AA01 84-00896
<PAGE>      PAGE  2
012 C01AA01 QUINCY
012 C02AA01 MA
012 C03AA01 02171
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 PHILADELPHIA
013 B02AA01 PA
013 B03AA01 19103
020 A000001 FLEMING, ROBERT & CO.
020 B000001 13-3298866
020 C000001     91
020 A000002 BARCLAY DE ZOETE WEDD LTD.
020 B000002 13-3410233
020 C000002     82
020 A000003 WAKO SECURITIES (AMERICA)
020 B000003 06-1069845
020 C000003     81
020 A000004 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
020 B000004 13-5674085
020 C000004     80
020 A000005 BARING SECURITIES, INC.
020 B000005 04-2455153
020 C000005     77
020 A000006 KLEINWORT BENSON SECURITIES LTD.
020 B000006 13-2647786
020 C000006     73
020 A000007 WARBURG, S.G. & CO., INC.
020 B000007 13-3340045
020 C000007     69
020 A000008 INSTINET CORP.
020 B000008 13-3443395
020 C000008     54
020 A000009 SSANGYONG SECURITIES AMERICA, INC.
020 B000009 13-3702324
020 C000009     48
020 A000010 JAMES CAPEL
020 B000010 52-1348224
020 C000010     44
021  000000     1448
022 A000001 STATE STREET BOSTON SEC.
022 B000001 04-1867445
022 C000001   5664176
022 D000001         0
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002   1656687
022 D000002      4283
022 A000003 SMITH BARNEY, INC.
022 B000003 13-1912900
022 C000003     40476
022 D000003     15975
022 A000004 ALEX BROWN & SONS, INC.
<PAGE>      PAGE  3
022 B000004 52-1319768
022 C000004     30127
022 D000004     14597
022 A000005 HAMBRECHT & QUIST, INC.
022 B000005 94-2856935
022 C000005     29085
022 D000005      7050
022 A000006 MERRILL LYNCH PIERCE FENNER & SMITH, INC.
022 B000006 13-5674085
022 C000006     23650
022 D000006      7210
022 A000007 MORGAN STANLEY & CO., INC.
022 B000007 13-2655998
022 C000007     14125
022 D000007      9114
022 A000008 LEHMAN BROTHERS, INC.
022 B000008 13-2518466
022 C000008     13814
022 D000008      5995
022 A000009 JOSEPHTHAL, LYON & ROSS, INC.
022 B000009 13-1850914
022 C000009     11200
022 D000009      6327
022 A000010 ROBERTSON, STEPHENS & CO.
022 B000010 94-2524501
022 C000010     10820
022 D000010      5567
023 C000000    7958067
023 D000000     426017
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
030 B00AA00  0.00
030 C00AA00  0.00
031 A00AA00      0
031 B00AA00      0
032  00AA00      0
033  00AA00      0
034  00AA00 N
035  00AA00      0
036 B00AA00      0
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<PAGE>      PAGE  4
038  00AA00      0
039  00AA00 N
040  00AA00 N
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042 B00AA00   0
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042 E00AA00   0
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044  00AA00      0
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050  00AA00 N
051  00AA00 N
052  00AA00 N
053 A00AA00 Y
053 B00AA00 Y
053 C00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 Y
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
062 A00AA00 N
062 B00AA00   0.0
062 C00AA00   0.0
062 D00AA00   0.0
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<PAGE>      PAGE  5
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077 A000000 Y
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077 M000000 N
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077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078  000000 N
080 A00AA00 VIGILANT INSURANCE COMPANY
080 C00AA00    15175
081 A00AA00 Y
081 B00AA00  31
082 A00AA00 N
082 B00AA00        0
083 A00AA00 N
083 B00AA00        0
084 A00AA00 N
084 B00AA00        0
085 A00AA00 Y
085 B00AA00 N
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
015 A000101 PNC BANK, NATIONAL ASSOCIATION
015 B000101 C
015 C010101 PHILADELPHIA
015 C020101 PA
015 C030101 19101
015 E010101 X
015 A000102 STATE STREET BANK AND TRUST COMPANY
015 B000102 C
<PAGE>      PAGE  6
015 C010102 BOSTON
015 C020102 MA
015 C030102 02110
015 E040102 X
018  000100 Y
019 A000100 Y
019 B000100   31
019 C000100 WARBURG PI
024  000100 Y
025 A000101 GOLDMAN SACHS & CO.
025 B000101 13-5108880
025 C000101 D
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028 G020100      5968
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045  000100 Y
046  000100 N
<PAGE>      PAGE  7
047  000100 Y
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048 I010100        0
048 I020100 0.000
048 J010100        0
048 J020100 0.000
048 K010100        0
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055 A000100 N
055 B000100 N
056  000100 Y
057  000100 N
058 A000100 N
059  000100 Y
060 A000100 Y
060 B000100 Y
061  000100        0
066 A000100 Y
066 B000100 N
066 C000100 Y
066 D000100 N
066 E000100 N
066 F000100 N
066 G000100 N
067  000100 N
068 A000100 N
068 B000100 Y
069  000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
<PAGE>      PAGE  8
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
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071 D000100   31
072 A000100 12
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072 J000100      297
072 K000100        0
072 L000100        7
072 M000100        4
072 N000100      -25
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072 P000100        8
072 Q000100        0
072 R000100       34
<PAGE>      PAGE  9
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072 T000100        0
072 U000100       12
072 V000100        0
072 W000100        6
072 X000100     3104
072 Y000100       81
072 Z000100     1410
072AA000100     7003
072BB000100     5482
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072DD020100        0
072EE000100     1838
073 A010100   0.1580
073 A020100   0.0000
073 B000100   0.0703
073 C000100   0.0000
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074 D000100     1450
074 E000100      438
074 F000100   285179
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074 I000100     1401
074 J000100      209
074 K000100        0
074 L000100     3251
074 M000100       46
074 N000100   299414
074 O000100      122
074 P000100        0
074 Q000100        0
074 R010100        0
074 R020100        0
074 R030100        0
074 R040100     1074
074 S000100        0
074 T000100   298218
074 U010100    25980
074 U020100        0
074 V010100    11.48
074 V020100     0.00
074 W000100   0.0000
074 X000100       12
074 Y000100        0
075 A000100        0
075 B000100   300211
<PAGE>      PAGE  10
076  000100     0.00
008 A000201 WARBURG, PINCUS COUNSELLORS, INC.
008 B000201 A
008 C000201 801-28496
008 D010201 NEW YORK
008 D020201 NY
008 D030201 10017
008 D040201 3147
015 A000201 PNC BANK, NATIONAL ASSOCIATION
015 B000201 C
015 C010201 PHILADELPHIA
015 C020201 PA
015 C030201 19101
015 E010201 X
015 A000202 STATE STREET BANK AND TRUST COMPANY
015 B000202 C
015 C010202 BOSTON
015 C020202 MA
015 C030202 02110
015 E040202 X
018  000200 Y
019 A000200 Y
019 B000200   31
019 C000200 WARBURG PI
024  000200 Y
025 A000201 GOLDMAN SACHS & CO.
025 B000201 13-5108880
025 C000201 D
025 D000201    6184
025 D000202       0
025 D000203       0
025 D000204       0
025 D000205       0
025 D000206       0
025 D000207       0
025 D000208       0
028 A010200     27139
028 A020200         0
028 A030200         0
028 A040200     34603
028 B010200     37399
028 B020200         0
028 B030200         0
028 B040200     26406
028 C010200     40774
028 C020200         0
028 C030200         0
028 C040200      9348
028 D010200     49747
028 D020200         0
028 D030200         0
<PAGE>      PAGE  11
028 D040200     13153
028 E010200     28345
028 E020200         0
028 E030200         0
028 E040200     28097
028 F010200     39176
028 F020200         0
028 F030200         0
028 F040200     41588
028 G010200    222580
028 G020200         0
028 G030200         0
028 G040200    153195
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.900
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
058 A000200 N
059  000200 Y
060 A000200 N
060 B000200 N
061  000200        0
066 A000200 Y
066 B000200 N
<PAGE>      PAGE  12
066 C000200 N
066 D000200 Y
066 E000200 N
066 F000200 N
066 G000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 Y
070 R020200 N
071 A000200    441523
071 B000200    221313
071 C000200    218049
071 D000200  102
072 A000200 12
072 B000200      922
<PAGE>      PAGE  13
072 C000200      246
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072 E000200        0
072 F000200     2100
072 G000200      467
072 H000200        0
072 I000200        0
072 J000200      104
072 K000200        0
072 L000200        2
072 M000200        0
072 N000200      -33
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072 Q000200        0
072 R000200       18
072 S000200       44
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072 Z000200    -1547
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<PAGE>      PAGE  14
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008 A000301 WARBURG, PINCUS COUNSELLORS, INC.
008 B000301 A
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008 D010301 NEW YORK
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008 D030301 10017
008 D040301 3147
008 A000302 ABBOTT CAPITAL MANAGEMENT, L.P.
008 B000302 S
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008 D030302 02110
008 D040302 3328
015 A000301 PNC BANK, NATIONAL ASSOCIATION
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015 C020302 NY
015 C030302 10048
015 E040302 X
018  000300 Y
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019 B000300   31
019 C000300 WARBURG PI
024  000300 Y
025 A000301 GOLDMAN SACHS & CO.
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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
073 B000300   0.0000
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SIGNATURE   WENDY MCGEE                                  
TITLE       LEGAL ASSISTANT     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000941568
<NAME> WARBURG PINCUS TRUST
<SERIES>
   <NUMBER> 01
   <NAME> INTERNATIONAL EQUITY PORTFOLIO
       
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