THE MANAGERS FUNDS
EQUITY FUNDS
Supplement dated September 21, 1998
to Prospectus and Statement of Additional
Information dated May 1, 1998
The Prospectus and Statement of Additional Information is hereby supplemented
as follows:
Income Equity Fund and International Equity Fund
SCUDDER KEMPER INVESTMENTS, INC.
On September 6, 1998, Zurich Insurance Company ("Zurich"), the majority owner
of Scudder Kemper Investments, Inc. ("Scudder") consummated a merger with
B.A.T. Industries p.l.c., a U.K. financial services company. The resulting
company, Zurich Financial Services, will initially be owned approximately 57%
by former Zurich shareholders (through a new Swiss public company, Zurich
Allied AG) and approximately 43% by former B.A.T. shareholders (through a new
U.K. company, Allied Zurich plc).
Scudder has represented that this merger transaction will have no effect on
the operation of Scudder, and will not affect the investment management of
Managers Income Equity and Managers International Equity Funds.
Emerging Markets Equity Fund
KING STREET ADVISORS, LIMITED
State Street Global Advisors, United Kingdom, Limited ("SSGA") has served as
sub-adviser to Managers Emerging Markets Equity Fund since the Fund's
inception on February 9, 1998. Subsequently, certain portions of the business
of SSGA, including the portion relating to the management of this Fund, were
transferred to King Street Advisors, Limited ("King Street"). King Street is
75% owned by State Street Corporation through two subsidiaries. The same
senior investment personnel responsible for managing the Fund's portfolio at
SSGA now function in the same capacity at King Street.
September 21, 1998
