MANAGERS FUNDS
497, 1997-10-28
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              THE MANAGERS FUNDS
                 EQUITY FUNDS
                       
      Supplement dated October 28, 1997
      to Prospectus dated April 1, 1997

The Prospectus is hereby supplemented as
follows:

    PURCHASE AND REDEMPTION OF FUND SHARES
                       
The time at which transactions and shares are
priced, and the time until which orders are
accepted, may be changed in case of an
emergency or if the New York Stock Exchange
closes at a time other than 4:00 p.m. Eastern
Standard Time.


October 28, 1997
                       
                       







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