<PAGE> PAGE 1
000 B000000 11/30/97
000 C000000 720309
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 THE MANAGERS FUNDS
001 B000000 811-84012
001 C000000 2038515695
002 A000000 40 RICHARDS AVENUE
002 B000000 NORWALK
002 C000000 CT
002 D010000 06854
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 10
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C021200 MONEY MARKET FUND
007 C031200 N
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
<PAGE> PAGE 2
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 C000001 0
022 D000001 0
022 C000002 0
022 D000002 0
022 C000003 0
022 D000003 0
022 C000004 0
022 D000004 0
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 0
023 D000000 0
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027 000000 Y
077 A000000 Y
077 B000000 Y
077 Q010000 Y
078 000000 N
010 A001201 THE MANAGERS FUND, L.P.
010 B001201 8-19215
010 C011201 NORWALK
010 C021201 CT
010 C031201 06854
011 A001201 THE MANAGERS FUNDS, L.P.
011 B001201 8-19215
011 C011201 NORWALK
011 C021201 CT
011 C031201 06854
012 A001201 BOSTON FINANCIAL DATA SERVICES
<PAGE> PAGE 3
012 B001201 84-999999
012 C011201 NORTH QUINCY
012 C021201 MA
012 C031201 02171
013 A001201 COOPERS & LYBRAND
013 B011201 BOSTON
013 B021201 MA
013 B031201 02109
014 A001201 THE MANAGERS FUNDS, L.P.
014 B001201 8-19215
015 A001201 STATE STREET BANK & TRUST
015 B001201 C
015 C011201 BOSTON
015 C021201 MA
015 C031201 02103
015 E011201 X
018 001200 Y
019 A001200 Y
019 B001200 10
019 C001200 MANAGERSFD
024 001200 N
028 A011200 17646
028 A021200 146
028 A031200 0
028 A041200 28214
028 B011200 18116
028 B021200 158
028 B031200 0
028 B041200 21707
028 C011200 33868
028 C021200 140
028 C031200 0
028 C041200 27290
028 D011200 24991
028 D021200 153
028 D031200 0
028 D041200 29471
028 E011200 48362
028 E021200 158
028 E031200 0
028 E041200 39813
028 F011200 35851
028 F021200 125
028 F031200 0
028 F041200 42105
028 G011200 178834
028 G021200 880
028 G031200 0
028 G041200 188600
028 H001200 0
029 001200 N
<PAGE> PAGE 4
030 A001200 0
030 B001200 0.00
030 C001200 0.00
034 001200 N
035 001200 0
036 B001200 0
037 001200 N
038 001200 0
039 001200 N
040 001200 N
045 001200 N
048 001200 0.000
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
055 A001200 N
055 B001200 N
056 001200 N
057 001200 N
058 A001200 N
059 001200 Y
060 A001200 Y
060 B001200 Y
061 001200 2000
062 A001200 N
062 B001200 0.0
062 C001200 0.0
062 D001200 0.0
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
<PAGE> PAGE 5
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 0.0
062 R001200 0.0
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 N
070 B011200 N
070 B021200 N
070 C011200 N
070 C021200 N
070 D011200 N
070 D021200 N
070 E011200 N
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 N
070 G021200 N
070 H011200 N
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 N
070 J021200 N
070 K011200 Y
070 K021200 Y
070 L011200 Y
070 L021200 N
070 M011200 N
070 M021200 N
070 N011200 N
070 N021200 N
070 O011200 N
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
<PAGE> PAGE 6
071 A001200 0
071 B001200 0
071 C001200 0
071 D001200 0
072 A001200 12
072 B001200 2313
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 51
072 G001200 103
072 H001200 0
072 I001200 39
072 J001200 6
072 K001200 0
072 L001200 18
072 M001200 2
072 N001200 34
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 14
072 S001200 2
072 T001200 0
072 U001200 0
072 V001200 0
072 W001200 34
072 X001200 303
072 Y001200 140
072 Z001200 2150
072AA001200 0
072BB001200 0
072CC011200 0
072CC021200 0
072DD011200 2150
072DD021200 0
072EE001200 0
073 A011200 0.0520
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 0
074 C001200 36596
074 D001200 0
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 0
<PAGE> PAGE 7
074 K001200 0
074 L001200 0
074 M001200 11
074 N001200 36607
074 O001200 0
074 P001200 0
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 63
074 S001200 0
074 T001200 36544
074 U011200 36544
074 U021200 0
074 V011200 1.00
074 V021200 0.00
074 W001200 0.0000
074 X001200 1423
074 Y001200 0
075 A001200 41168
075 B001200 0
076 001200 0.00
080 A001200 NATIONAL UNION FIRE INSURANCE
080 C001200 1250
081 A001200 Y
081 B001200 10
082 A001200 Y
082 B001200 25
083 A001200 N
083 B001200 0
084 A001200 N
084 B001200 0
085 A001200 Y
085 B001200 N
SIGNATURE DONALD S. RUMERY
TITLE TREASURER
[ARTICLE] 6
[SERIES]
[NUMBER] 12
[NAME] MANAGERS MONEY MARKET FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 12-MOS
[FISCAL-YEAR-END] NOV-30-1997
[PERIOD-END] NOV-30-1997
[INVESTMENTS-AT-COST] 36,596
[INVESTMENTS-AT-VALUE] 36,596
[RECEIVABLES] 0
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 10
[TOTAL-ASSETS] 36,607
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 63
[TOTAL-LIABILITIES] 63
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 36,544
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 36,544
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 2,313
[OTHER-INCOME] 0
[EXPENSES-NET] 163
[NET-INVESTMENT-INCOME] 2,150
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 2,150
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,150
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 317,466
[NUMBER-OF-SHARES-REDEEMED] 318,776
[SHARES-REINVESTED] 1,762
[NET-CHANGE-IN-ASSETS] 453
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 51
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 303
[AVERAGE-NET-ASSETS] 41,168
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.052
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.052
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 0.004
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
TO ACCOMPANY FORM N-SAR
To the Trustees of
The Managers Funds and the Shareholders of Managers Money
Market Fund:
In planning and performing our audits of the financial
statements and
financial highlights of Managers Money Market Fund for the
year ended
November 30, 1997 we considered its internal control,
including controls
over safeguarding securities, in order to determine our
auditing procedures
for the purpose of expressing our opinion on the financial
statements and
financial highlights and to comply with the requirements of
Form N-SAR,
not to provide assurance on internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates
and judgments by management are required to assess the
expected benefits
and related costs of controls. Generally, controls that are
relevant to an
audit pertain to the entity's objective of preparing financial
statements
and financial highlights for external purposes that are fairly
presented in
conformity with generally accepted accounting principles.
Those controls
include the safeguarding of assets against unauthorized
acquisition, use or
disposition.
Because of inherent limitations in internal control,
misstatements due
to errors or fraud may occur and not be detected. Also,
projection of any
evaluation of internal control to future periods is subject to
the risk
that it may become inadequate because of changes in conditions
or that the
effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily
disclose
all matters in internal control that might be material
weaknesses under
standards established by the American Institute of Certified
Public
Accountants. A material weakness is a condition in which the
design or
operation of any specific internal control component does not
reduce to a
relatively low level the risk that misstatements due to errors
or fraud in
amounts that would be material in relation to the financial
statements and
financial highlights being audited may occur and not be
detected within a
timely period by employees in the normal course of performing
their
assigned functions. However, we noted no matters involving
internal
control , including controls over safeguarding securities,
that we consider
to be material weaknesses, as defined above as of November 30,
1997.
- 2 -
This report is intended solely for the information and use of
management, and the Securities and Exchange Commission.
Coopers & Lybrand L.L.P.
Boston, Massachusetts
January 23, 1998
