THE MANAGERS FUNDS
MONEY MARKET FUND
Supplement dated December 1, 1998
to Prospectus dated May 1, 1998
The Prospectus is hereby supplemented as
follows:
Annual Operating Expenses* (after fee waiver):
Effective December 1, 1998, the expenses set forth below reflect
a fee waiver by the Fund Administrator of 0.15% of its fee of 0.25%.
See "Expenses" in the SAI.
Management Fees........................................ 0.12%
Rule 12b-1 Fees........................................ 0.00%
Other Expenses......................................... 0.43%
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Total Fund Operating Expenses.......................... 0.55%
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*Other Expenses and Total Fund Operating Expenses are
expressed as a percentage of average net assets of the Fund
for its fiscal year ended November 30, 1998, and have been
restated to reflect the partial fee waiver, the absence of
any expense reimbursement and a new transfer agency agreement
in effect on the date of this prospectus. These numbers do not
reflect current assets or expenses of either the Fund or the
Fund family and are therefore not necessarily indicative
of what a shareholder may pay. In the absence of the fee waiver,
Other Expenses and Total Fund Operating Expenses would have been
0.58% and 0.70%, respectively.
December 1, 1998
