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WARBURG PINCUS TRUST-
INTERNATIONAL EQUITY PORTFOLIO
SUPPLEMENT OF THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
The following supersedes certain information in the prospectus and
statement of additional information of the portfolio listed above in the section
entitled "Management of the Fund-Portfolio Managers":
In addition to Co-Portfolio Managers Richard H. King, Harold W. Ehrlich and
Vincent J. McBride and Associate Portfolio Manager Nancy Nierman, Harold E.
Sharon has been added as Co-Portfolio Manager of the Portfolio. Mr. Sharon, a
Managing Director of Warburg since March 1998, previously served as an executive
director and portfolio manager at CIBC Oppenheimer from September 1994 through
February 1998. Prior to that time, Mr. Sharon was a Senior Vice President of
Warburg and Associate Portfolio Manager of the Warburg Pincus International
Equity Fund.
Dated: December 24, 1998 16-1298
for
TRIUS
TRGIP
TRIPS
TRIEQ
