[PROXY CARD]
WARBURG, PINCUS GLOBAL TELECOMMUNICATIONS FUND, INC.

PROXY SOLICITED BY THE BOARD OF DIRECTORS

I hereby appoint Hal Liebes and Gregory Bressler, each with the power of
substitution, as proxies for the undersigned to vote the shares of Warburg,
Pincus Global Telecommunications Fund, Inc. (the "Fund") as to which I am
entitled to vote, as shown on the reverse side, at a Special Meeting of the
Shareholders of the Fund (the "Meeting") to be held on Friday, July 14, 2000, at
3:00 p.m., Eastern Time, at the offices of the Fund, 466 Lexington Avenue, New
York, New York 10017, and any adjournments thereof, as follows:

I hereby revoke any and all proxies with respect to such shares previously given
by me. I acknowledge receipt of the Joint Proxy Statement dated May 31, 2000.
THIS PROXY WILL BE VOTED AS SPECIFIED. IF NO SPECIFICATION IS MADE, THIS PROXY
WILL BE VOTED "FOR" PROPOSAL 1.

This instruction may be revoked at any time prior to its exercise at the Meeting
by execution of a subsequent proxy card, by written notice to the Secretary of
the Fund or by voting in person at the Meeting.

PLEASE SIGN, DATE AND RETURN THIS PROXY CARD
PROMPTLY IN THE ENCLOSED ENVELOPE.

Signature should be exactly as the name or names appear on this proxy card. If
the individual signing the proxy card is a fiduciary (e.g., attorney, executor,
trustee, guardian, etc.), the individual's signature must be followed by his
full title.

HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS?

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[REVERSE SIDE]

[ ] PLEASE MARK VOTES
AS IN THIS EXAMPLE

VOTE THIS CARD TODAY! THE BOARD OF DIRECTORS OF THE FUND UNANIMOUSLY
BY MAIL, BY PHONE AT RECOMMENDS A VOTE FOR PROPOSAL 1.
1-800-207-3155, ---
BY FAX AT
212-269-2796
OR ON-LINE AT www.warburg.com

This proxy, if properly executed, For Against Abstain
will be voted in 1) To approve the Sub-Investment
this manner directed by the Advisory Agreement among the Fund, [ ] [ ] [ ]
undersigned shareholder. Credit Suisse Asset Management, LLC
IF NO DIRECTION IS and Credit Suisse Asset Management
MADE, THIS PROXY WILL Limited.
BE VOTED "FOR"
APPROVAL OF
PROPOSAL 1.
2) Not applicable.

3) To transact such other business as
may properly come before the Meeting
or any adjournment thereof.

Please be sure to sign and date Mark box at right if comments or address change [ ]
this Proxy. Date been noted on the reverse side.

Shareholder sign here Co-owner sign here:

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