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SUPPLEMENT TO THE PROSPECTUSES AND STATEMENT OF ADDITIONAL INFORMATION
WARBURG PINCUS TRUST -- GROWTH & INCOME PORTFOLIO
The following information supersedes certain information in the fund's
Prospectuses and Statement of Additional Information.
Effective December 31, 1999, Scott T. Lewis and Stacy Dutton will serve as
Co-Portfolio Managers of this portfolio. Mr. Lewis also serves as Co-Portfolio
Manager of the Warburg Pincus Balanced Fund and Warburg Pincus Global
Telecommunications Fund. Mr. Lewis is a Managing Director of Credit Suisse Asset
Management, LLC (CSAM) and joined CSAM in 1999 as a result of CSAM's acquisition
of Warburg Pincus Asset Management, Inc. (Warburg). Mr. Lewis joined Warburg in
1986. Ms. Dutton joined CSAM in 1999 as a result of CSAM's acquisition of
Warburg. Ms. Dutton joined Warburg in 1997. Previously, Ms. Dutton was a senior
vice president and analyst for Jennison Associates Capital Corp. from 1993 to
1997. Brian S. Posner will no longer serve as Co-Portfolio Manager of this
portfolio effective December 31, 1999.
Dated: December 3, 1999 TRGRI-16-1299
