THE MANAGERS FUNDS
EQUITY FUNDS
Supplement dated September 9, 1997
to Prospectus dated April 1, 1996
The following information supersedes that contained in the
prospectus solely with respect to the following Fund:
Special Equity Fund
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Effective September 9, 1997, Kern Capital Management
L.L.C.("KCM") has been added as a fourth Asset Manager of
the Special Equity Fund. KCM will be paid the same fee as
the other asset managers on the Fund, 0.50% per annum of the
average daily net assets that KCM manages. The firm is a
Delaware Limited Liability Company founded in 1997. As of
September 1997, assets under management totaled
approximately $200 million. The firm's address is 114 West
47th Street, Suite 1926, New York, NY 10036.
Robert E. Kern serves as the portfolio manager of the
portion of the Special Equity Fund managed by KCM. Mr. Kern
is a Managing Member, President, and Chief Executive Officer
of KCM, positions he has held since the firm's inception.
Prior to the firm's inception, Mr. Kern served as Senior
Vice President with Fremont Investment Advisors from April
1997 to August 1997, and as Director with Morgan Grenfell
Capital Management, Inc. from September 1986 to April 1997.
September 9, 1997
THE MANAGERS FUNDS
Supplement dated September 9, 1997 to
Statement of Additional Information
dated April 1, 1996
The following information supersedes that contained in the
Statement of Additional Information dated April 1, 1996
solely with respect to the following Fund:
Special Equity Fund:
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Effective September 9, 1997, Kern Capital Management
L.L.C.("KCM") has been added as a fourth Asset Manager of
the Special Equity Fund.
KCM was founded in 1997, and is a Delaware Limited
Liability Company which is controlled by Robert E. Kern,
David G. Kern, and Fremont Investment Advisors, Inc., a
subsidiary of Fremont Investments, Inc., which is affiliated
with The Fremont Group.
September 9, 1997
