Brian S. Posner's Portfolio

Portfolio Manager
Warburg Pincus Growth & Income Fund

COMPANY                   PRICE*
BRITISH PETROLEUM**       79 11/16
FEDERATED DEPT. STORES    45 13/16
GULFSTREAM AEROSPACE      27 7/8
PHILIP MORRIS             45 1/4
PMI GROUP                 70 7/16
POLAROID                  42 3/16
RHONE POULENC RORER**     44 5/8
TRIGON HEALTHCARE         26
UNOVA                     15 3/8
USG CORP.                 50 3/4

*AS OF DEC. 15
** ADR

DATA: BLOOMBERG FINANCIAL MARKETS