FILE NO. 2-84012
811-3752
Rule 497-c
FILE NO. 2-84012
811-3752
Rule 497-c
THE MANAGERS FUNDS
INCOME FUNDS
Supplement dated April 1, 1996
to Prospectus dated April 1, 1996
This prospectus shall not constitute an
offer to sell or the solicitation of an offer
to buy, nor shall there be any sales of, the
securities of the Managers Global Bond Fund
in Arkansas.
April 1, 1996
FILE NO. 2-84012
811-3752
Rule 497-c
THE MANAGERS FUNDS
MONEY MARKET FUND
Supplement dated April 1, 1996
to Prospectus dated April 1, 1996
The Prospectus is hereby supplemented as
follows:
Effective December 1, 1995, and until further
notice, the Fund Administrator has agreed to
absorb all Fund level expenses, and to
reimburse the Fund for its pro rata share of
expenses of the Portfolio. Accordingly, the
table on page 2 of this prospectus is revised
as follows:
Annual Operating Expenses*:
Total
Management Other Operating
Fee Expenses Expenses
0.00% 0.00% 0.00%**
* Expenses are expressed as a percentage of
average net assets of the Fund for its most
recent fiscal year, adjusted assuming the
Fund had invested all of its assets in the
Portfolio for the entire year, absorbed all
Fund level expenses and reimbursed the Fund
for its share of Portfolio expenses. See
"Management of the Trust and Portfolio."
**Total Operating Expenses reflect the
current waiver of the administrative fees, as
well as the absorption of all fund level
expenses and reimbursement of the Fund's
share of the Portfolio expenses by the Fund
Administrator. In the absence of such waiver
and reimbursements, Management Fee, Other
Expenses and Total Operating Expenses would
be 0.13%, 0.80% and 0.93%, respectively.
The current fee waivers and expense
limitations may be modified or terminated at
any time at the sole discretion of the Fund
Administrator. In any case, the Fund
Administrator has agreed to absorb all Fund
level expenses in excess of 0.05% of the
Fund's average daily net assets at least
through May 31, 1996. Shareholders will be
notified of any such modification or
termination, on or about the time it becomes
effective.
April 1, 1996
