-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JsDiP+yk/1v+SEDuNhs+9RLxVTBkIDvqSZhgntMDnn2k3+hhTKQLcFzSYN+2sv+u EzxTTE86FcntLRfElgRkAA== 0000940400-99-000325.txt : 19991028 0000940400-99-000325.hdr.sgml : 19991028 ACCESSION NUMBER: 0000940400-99-000325 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19990831 FILED AS OF DATE: 19991027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WARBURG PINCUS EUROPEAN EQUITY FUND INC CENTRAL INDEX KEY: 0001067130 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-08903 FILM NUMBER: 99735084 BUSINESS ADDRESS: STREET 1: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-3147 BUSINESS PHONE: 2127166081 MAIL ADDRESS: STREET 1: 466 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017-3147 NSAR-B 1 N-SAR (6.1) PAGE 1 000 B000000 08/31/1999 000 C000000 0001067130 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 WARBURG PINCUS EUROPEAN EQUITY FUND 001 B000000 811-08903 001 C000000 3027911640 002 A000000 400 BELLEVUE PKWY. 002 B000000 WILMINGTON 002 C000000 DE 002 D010000 19809 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 CREDIT SUISSE ASSET MANAGEMENT LLC 008 B000001 A 008 C000001 801-37170 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10022 010 A000001 PFPC INC. 010 B000001 85-1196 010 C010001 WILMINGTON 010 C020001 DE 010 C030001 19809 012 A000001 BOSTON FINANCIAL DATA SEVICES,INC. 012 B000001 84-00896 012 C010001 QUINCY 012 C020001 MA 012 C030001 02171 013 A000001 PRICEWATERHOUSECOOPERS LLP 013 B010001 PHILADELPHIA 013 B020001 PA PAGE 2 013 B030001 19101 015 A000001 BROWN BROTHERS HARRIMAN & CO. 015 B000001 C 015 C010001 BOSTON 015 C020001 MA 015 C030001 02109 015 E010001 X 018 000000 Y 019 A000000 Y 019 B000000 50 019 C000000 WARBURG PI 020 A000001 WARBURG DILLON READ 020 B000001 13-3340045 020 C000001 53 020 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 020 B000002 13-5674085 020 C000002 23 020 A000003 DUET MORGAN GRENFELL 020 B000003 13-2730828 020 C000003 19 020 A000004 MORGAN STANLEY & CO., INC. 020 B000004 13-2655998 020 C000004 17 020 A000005 DEUTSCHE BANK SECURITIES INC. 020 B000005 00-0000000 020 C000005 14 020 A000006 HSBC SECURITIES 020 B000006 13-2650272 020 C000006 11 020 A000007 SALOMON BROTHERS 020 B000007 13-3082694 020 C000007 11 020 A000008 INDOSUEZ CAPITAL SECURITIES 020 B000008 00-0000000 020 C000008 11 020 A000009 EXANE 020 B000009 00-0000000 020 C000009 8 020 A000010 GOLDMAN, SACHS & CO. 020 B000010 13-5108880 020 C000010 8 021 000000 220 022 A000001 BROWN BROTHERS HARRIMAN & CO. 022 B000001 13-4973745 022 C000001 303870 022 D000001 0 022 A000002 MORGAN STANLEY & CO., INC. 022 B000002 13-2655998 022 C000002 2295 022 D000002 33 022 A000003 GOLDMAN, SACHS & CO., INC. 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000000 N 080 A000000 GULF INSURANCE COMPANY 080 C000000 6000 081 A000000 Y 081 B000000 12 082 A000000 Y 082 B000000 25 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE MARY JANE MALONEY TITLE MANAGER EX-27 2
6 0001067130 WARBURG, PINCUS EUROPEAN EQUITY FUND 001 INSTITUTIONAL CLASS YEAR AUG-31-1999 AUG-31-1999 23555067 24504357 2306340 763666 0 27574363 619771 0 2298148 2917919 0 25308355 10003 0 135265 0 (1740365) 0 953189 24656444 381202 48985 4484 (220930) 213741 (1818841) 953189 (651911) 0 0 0 0 100030 0 0 24656444 0 0 0 0 152482 0 400563 96060 10.00 .09 (.29) 0 0 0 9.80 1.16

EX-27 3
6 0001067130 WARBURG, PINCUS EUROPEAN EQUITY FUND 002 COMMON CLASS YEAR AUG-31-1999 AUG-31-1999 23555067 24504357 2306340 763666 0 27574363 619771 0 2298148 2917919 0 25308355 2509751 0 135265 0 (1740365) 0 953189 24656444 381202 48985 4484 (220930) 213741 (1818841) 953189 (651911) 0 0 0 0 40639910 0 15431585 24656444 0 0 0 0 152482 0 400563 25790471 10.00 .08 (.29) 0 0 0 9.79 1.46

EX-99 4 EXHIBIT INDEX EXHIBIT A: Attachment to item 77B: Accountants report on internal control EXHIBIT B: Attachment to item 77C: Submission of matters to a vote of Security holders. EXHIBIT C: Attachment to item 77D: Policies with respect to Security investments EXHIBIT D: Attachment to item 77Q1: Exhibits - ------------------------------------------------------------------ EXHIBIT A: REPORT OF INDEPENDENT ACCOUNTANTS To the Board of Trustees and Shareholders of Warburg, Pincus European Equity Fund, Inc.: In planning and performing our audit of the financial statements and financial highlights of Warburg, Pincus European Equity Fund, Inc. (the "Fund") for the year ended August 31, 1999, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and financial highlights and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgements by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements and financial highlights for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal controls, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by errors or fraud in amounts that would be material in relation to the financial statements and financial highlights being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 1999. This report is intended solely for the information and use of management, the Board of Directors of the Fund, and the Securities and Exchange Commission. PricewaterhouseCoopers LLP October 7, 1999 EXHIBIT B: Sub-Item 77C: Submission of matter to a vote of security holders (a) A special meeting was held on May 21, 1999. (b) At the special meeting held on May 21, 1999, the following persons were elected as directors of the Fund, constituting the entire Board of Directors: Richard H. Francis, Jack W. Fritz, Jeffrey E. Garten, James S. Pasman, Jr., William W. Priest, Steven N. Rappaport, Arnold M. Reichman and Alexander B. Trowbridge. (c) The aforementioned directors were elected at the special meeting held on May 21, 1999 by the following shareholder votes: For Withheld R.H. Francis 1,563,817.1831 46,857.0038 J.W. Fritz 1,568,007.1941 42,666.9928 J.E. Garten 1,565,720.2961 44,953.8908 J.S. Pasman 1,565,842.6191 44,831.5678 W.W. Priest 1,568,007.8711 42,666.3158 S.N. Rappaport 1,567,490.5061 43,183.6808 A.M. Reichman 1,568,607.8711 43,066.3158 A.B. Trowbridge 1,565,051.0831 45,623.1038 (d) Not applicable EXHIBIT C: Sub-Item 77D: Policies with respect to security investments (a) Not applicable (b) Not applicable (c) Not applicable (d) Not applicable (e) Not applicable (f) Not applicable (g) The fund's investment emphasis has been modified by the portfolio managers to utilize both growth and value criteria ("growth at a reasonable price") in selecting investments, rather than emphasizing a growth investment approach alone. Also, rather than emphasizing larger capitalization companies, the fund will invest most of its assets in medium to larger capitalization companies. EXHIBIT D: Sub-Item 77Q1: Exhibits (a) Not applicable (b) Resolution and Supplement relating to change in investment policy Resolution Relating to Change in Investment Strategy RESOLVED, that the modifications to the Fund's investment strategy presented to this meeting be, and they hereby are, approved effective upon the effective date of an amendment or supplement to the Fund's registration statement incorporating such modification. Supplement to the Prospectus WARBURG PINCUS EUROPEAN EQUITY FUND The following information supersedes and replaces any contrary information contained in the fund's Prospectus. The fund's investment emphasis has been modified by the new portfolio managers to utilize both growth and value criteria ("growth at a reasonable price") in selecting investments, rather than emphasizing a growth investment approach alone. Also, rather than emphasizing larger capitalization companies, the fund will invest most of its assets in medium to larger capitalization companies. Dated: July 26, 1999 WPEEQ-16-0799 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~