SUPPLEMENT TO THE PROSPECTUS AND STATEMENT OF ADDITIONAL INFORMATION

                 CREDIT SUISSE WARBURG PINCUS CASH RESERVE FUND

             CREDIT SUISSE WARBURG PINCUS NEW YORK TAX EXEMPT FUND

The following information supersedes certain information in the funds'
Prospectus and Statement of Additional Information.

Effective on or about December 12, 2001, the Credit Suisse Warburg Pincus family
of funds will be renamed the "Credit Suisse" family of funds, and each fund's
name will be changed to reflect this new designation. In addition, beginning on
or about December 12, the fund family's new internet address will be changed to
www.creditsuissefunds.com and the net asset values of the Credit Suisse family
of funds will be listed in The Wall Street Journal under the heading "Credit
Suisse." You can also find information about the Credit Suisse family of funds
by calling 800-927-2874.

Dated: November 8, 2001                                            WPMMF-16-1101