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SUPPLEMENT TO PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION
(Dated April 30, 1998)
WARBURG PINCUS TRUST
POST-VENTURE CAPITAL PORTFOLIO
SMALL COMPANY GROWTH PORTFOLIO
The following information supplements certain information in the Prospectus and
Statement of Additional Information of each Warburg Pincus portfolio listed
above in the section entitled "Management of the Portfolios -- Portfolio
Managers":
POST-VENTURE CAPITAL PORTFOLIO
Robert S. Janis, formerly Associate Portfolio Manager, serves as Co-Portfolio
Manager of the portfolio, along with Co-Portfolio Manager Elizabeth B. Dater.
Stephen J. Lurito and Christopher M. Nawn no longer serve as Co-Portfolio
Manager and Associate Portfolio Manager, respectively.
SMALL COMPANY GROWTH PORTFOLIO
Sammy Oh serves as Co-Portfolio Manager of the portfolio, along with
Co-Portfolio Managers Elizabeth B. Dater and Stephen J. Lurito. Mr. Oh joined
Warburg in 1997. Previously, Mr. Oh was a vice president with Bessemer Trust
from 1995 to 1996, and he was a vice president of Forstmann-Leff from 1993 to
1995.
Dated: March 31, 1999 16-0399 for
TRPVC
TRSCG
TREPX
TREQF
TRIPX
TRIPS
TRIUS
TRGIP
