THE MANAGERS FUNDS
SHORT GOVERNMENT AND INTERMEDIATE
MORTGAGE FUNDS
Supplement dated October 22, 1998 to
Prospectus dated May 1, 1998
The following information superseded that
contained in the Prospectus solely with
respect to the following Fund:
Short Government Fund
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On October 15, 1998, the Board of
Trustees of The Managers Funds determined that
it was in the best interests of the
shareholders of Managers Short Government Fund
to close the Fund. Accordingly, the Board of
Trustees approved a plan to liquidate the
assets of Managers Short Government Fund and
terminate the Fund as of November 19, 1998.
It is expected that the cash proceeds of the
liquidation, less a small amount set aside for
the liabilities and debts of the Fund, will be
distributed to shareholders in a complete
redemption of their shares on or before
November 19, 1998.
October 22, 1998
