<PAGE> 1
FILE NOS: 2-79359
811-3568
SCHEDULE 14A
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF
THE SECURITIES EXCHANGE ACT OF 1934
Filed by the Registrant [X]
Filed by a Party other than the Registrant [ ]
Check the appropriate box:
[ ] Preliminary Proxy Statement [ ] Confidential, for Use of the
Commission Only (as permitted by
Rule 14a-6(e)(2))
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section
240.14a-12
MANAGED ASSETS TRUST
- --------------------------------------------------------------------------------
(Name of Registrant as Specified in Its Charter)
NOT APPLICABLE
- --------------------------------------------------------------------------------
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and
0-11.
(1) Title of each class of securities to which transaction applies:
- --------------------------------------------------------------------------------
(2) Aggregate number of securities to which transaction applies:
- --------------------------------------------------------------------------------
(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
- --------------------------------------------------------------------------------
(4) Proposed maximum aggregate value of transaction:
- --------------------------------------------------------------------------------
(5) Total fee paid:
- --------------------------------------------------------------------------------
[ ] Fee paid previously with preliminary materials.
- --------------------------------------------------------------------------------
[ ] Check box if any part of the fee is offset as provided by Exchange Act
Rule 0-11(a)(2) and identify the filing for which the offsetting fee
was paid previously. Identify the previous filing by registration
statement number, or the form or schedule and the date of its filing.
(1) Amount previously paid:
- --------------------------------------------------------------------------------
(2) Form, schedule or registration statement no.:
- --------------------------------------------------------------------------------
(3) Filing party:
- --------------------------------------------------------------------------------
(4) Date filed:
- --------------------------------------------------------------------------------
<PAGE> 2
LETTERHEAD OF COOPERS & LYBRAND
March 20, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Wasshington, D.C. 20549
Gentlemen:
We were informed on February 28, 1997, that the Board of Trustees of Managed
Assets Trust (Commission File Number 2-79359) (the "Trust") voted to replace
Coopers & Lybrand L.L.P. as auditors of the Trust effective January 31, 1997.
We have read the Statements made by the Board of Trustees of the Trust as part
of the definitive Proxy Statement dated March 12, 1997, which we understand was
filed with the Commission, pursuant to Regulation 229, Item 304, as part of the
Trust's Proxy Book dated March 12, 1997. We agree with the statements
concerning our Firm in such Proxy.
Very truly yours,
/s/ Coopers & Lybrand L.L.P
- ---------------------------
Coopers & Lybrand L.L.P.
