<PAGE> 1
SUPPLEMENT TO THE PROSPECTUSES
WARBURG PINCUS TRUST
The following supersedes contrary information in the trust's Prospectuses.
New Distributor. Effective January 3, 2000, Provident Distributors, Inc.,
located at Four Falls Corporate Center, West Conshohocken, PA 19428-2961, became
the trust's distributor.
Portfolio Manager Changes. The following information replaces certain
information in the trust's Prospectuses:
EMERGING MARKETS PORTFOLIO
Harold E. Sharon and Vincent J. McBride serve as Co-Portfolio Managers of this
portfolio and Jun Sung Kim and Federico D. Laffan serve as Associate Portfolio
Managers of this portfolio. Morid Kamshad no longer serves as Associate
Portfolio Manager of this portfolio.
SMALL COMPANY GROWTH PORTFOLIO
Stephen J. Lurito and Sammy Oh serve as Co-Portfolio Managers of this portfolio.
Elizabeth B. Dater no longer serves as Co-Portfolio Manager of this portfolio.
Dated: January 7, 2000 16-0100A
for
TREMK
TREPX
TRGRI
TRIAP
TRIAS
TRIEQ
TRIPS
TRIUS
TRPVC
TRSCG
