THE MANAGERS FUNDS
MONEY MARKET FUND
Supplement dated April 22, 1997
to Prospectus dated April 1, 1997
The Prospectus is hereby supplemented as
follows:
The expenses set forth below reflect a waiver
by the Fund Administrator of its fee of 0.25%,
as well as reimbursement by the Fund
Administrator of certain Fund expenses. See
"Management of the Fund and the Portfolio."
Annual Operating Expenses* (after fee waiver
and expense reimbursements):
Total
Management Other Operating
Fee Expenses Expenses
0.12% 0.24% 0.36%
*Other Expenses and Total Operating Expenses
are expressed as a percentage of average net
assets of the Fund for its fiscal year ended
November 30, 1996, and have been restated to
reflect the fee waiver and expense
reimbursement in effect on the date of this
supplement. In the absence of the fee waiver
and expense reimbursement, Other Expenses and
Total Operating Expenses, based on the Fund's
fiscal 1996 average net assets of $28 million
and the Portfolio's average net assets of $3.5
billion, would have been 0.63% and 0.75%,
respectively.
The fee waiver and expense reimbursements may
be modified or terminated at any time at the
sole discretion of the Fund Administrator.
For information regarding current operating
expenses of the Fund, call (800) 835-3879.
Accordingly, the figures under the heading
Examples, are hereby updated as follows:
1 year
3 years 5 years 10 years
Money Market Fund..$4 $12
$20 $46
April 22, 1997
