THE MANAGERS FUNDS FILE NO. 2-84012
MONEY MARKET FUND 811-3752
Rule 497-c
Supplement dated April 15, 1996
to Prospectus dated April 1, 1996
The Prospectus is hereby supplemented as
follows:
Effective April 15, 1996, and until further
notice, the Fund Administrator has agreed to
absorb all Fund level expenses in excess of
0.05%, 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% 0.05% 0.05%**
* Expenses are expressed as a percentage of
average net assets of the Fund for its most
recent fiscal year, adjusted assuming (i) the
Fund had invested all of its assets in the
Portfolio for the entire year and (ii) the
Fund Administrator had limited Fund level
expenses to 0.05% after any applicable expense
reimbursements. See "Management of the Trust
and Portfolio."
**Total Operating Expenses reflect the current
waiver of all of the Fund's administrative
fees and an undertaking by the Fund
Administrator 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. In the absence of such waiver and
reimbursements, Other Expenses and Total
Operating Expenses, based on fiscal 1995 Fund
average net assets of $13 million and
Portfolio average net assets of $2.9 billion,
would be 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 15, 1996
