THE MANAGERS FUNDS
MONEY MARKET FUND
Supplement dated December 12, 1997
to Prospectus dated April 1, 1997
The Prospectus is hereby supplemented as
follows:
Shareholder Transaction Expenses
Maximum Sales Load Imposed on Purchases..................... None
Maximum Sales Load Imposed on Reinvested Dividends ......... None
Deferred Sales Load......................................... None
Redemption Fees............................................. None
Exchange Fees............................................... None
Annual Operating Expenses* (after fee waiver):
The expenses set forth below reflect a fee
waiver by the Fund Administrator
of 0.20% of its fee of 0.25%. See "Expenses"
in the SAI.
Management Fees............................................ 0.12%
Rule 12b-1 Fees............................................ 0.00%
Other Expenses............................................. 0.43%
Total Fund Operating Expenses.............................. 0.55%
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*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. These numbers do not
reflect current Fund or Fund Family asset
levels and therefore are not necessarily
indicative of what a current shareholder would
actually pay. In the absence of the fee
waiver, 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 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..$6 $18 $31 $69
December 12, 1997
October 28, 1997
