FILE NO. 2-84012
811-3752
Rule 497-e
THE MANAGERS FUNDS
EQUITY FUNDS
Supplement dated January 15, 1996
to Prospectus dated December 1, 1995
The Prospectus is hereby supplemented as follows:
Purchase and Redemption of Shares
- ---------------------------------
The minimum initial investment in the Fund is $2,000 ($500 for IRAs and
IRA rollovers, $250 for spousal IRAs). Lower initial investments with
accompanying automatic investment plans or letters of intent may be accepted at
the discretion of the Manager.
FILE NO. 2-84012
811-3752
Rule 497-c
THE MANAGERS FUNDS
INCOME FUNDS
Supplement dated January 15, 1996
to Prospectus dated December 1, 1995
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.
The Prospectus is hereby supplemented as follows:
Purchase and Redemption of Shares
- ---------------------------------
The minimum initial investment in the Fund is $2,000 ($500 for IRAs and
IRA rollovers, $250 for spousal IRAs). Lower initial investments with
accompanying automatic investment plans or letters of intent may be accepted at
the discretion of the Manager.
January 15, 1996
FILE NO. 2-84012
811-3752
Rule 497-e
THE MANAGERS FUNDS
MONEY MARKET FUND
Supplement dated January 15, 1996
to Prospectus dated December 1, 1995
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 0.14%, 0.69% and 0.83%, 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 AT THE TIME IT BECOMES
EFFECTIVE.
Purchase and Redemption of Shares
- ---------------------------------
The minimum initial investment in the Fund is $2,000 ($500 for IRAs and
IRA rollovers, $250 for spousal IRAs). Lower initial investments with
accompanying automatic investment plans or letters of intent may be accepted at
the discretion of the Fund Administrator.
January 15, 1996
