-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000893220-98-000637.txt : 19980401
<SEC-HEADER>0000893220-98-000637.hdr.sgml : 19980401
ACCESSION NUMBER:		0000893220-98-000637
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980331
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			WARBURG PINCUS TRUST II
		CENTRAL INDEX KEY:			0001029879
		STANDARD INDUSTRIAL CLASSIFICATION:	 []

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	333-19175
		FILM NUMBER:		98583844

	BUSINESS ADDRESS:	
		STREET 1:		466 LEXINGTON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017-3147
		BUSINESS PHONE:		2128780600

	MAIL ADDRESS:	
		STREET 1:		466 LEXINGTON AVE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017-3147
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>RULE 497 FOR WARBURG PINCUS TRUST II
<TEXT>

<PAGE>   1
 
                            WARBURG PINCUS TRUST II
                         GLOBAL FIXED INCOME PORTFOLIO
 
                        SUPPLEMENT TO THE PROSPECTUS AND
                      STATEMENT OF ADDITIONAL INFORMATION
                            DATED SEPTEMBER 23, 1997
 
  THE FOLLOWING INFORMATION SUPERSEDES CERTAIN INFORMATION IN THE PROSPECTUS AND
STATEMENT OF ADDITIONAL INFORMATION OF THE GLOBAL FIXED INCOME PORTFOLIO OF
WARBURG PINCUS TRUST II (THE "PORTFOLIO") IN THE SECTION ENTITLED "MANAGEMENT OF
THE PORTFOLIOS -- PORTFOLIO MANAGERS":
 
  Laxmi C. Bhandari no longer serves as Co-Portfolio Manager of the Portfolio.
Dale C. Christensen, formerly Co-Portfolio Manager, is the sole Portfolio
Manager of the Portfolio.
 
Dated: March 31, 1998                                              TRBDF-16-0398
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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