MANAGERS FUNDS
497, 1999-01-19
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              THE MANAGERS FUNDS
                 EQUITY FUNDS
                       
      Supplement dated January 19, 1999
  to Prospectus and Statement of Additional
        Information dated May 1, 1998

     The following information supersedes that
contained in the Prospectus and Statement of
Additional Information solely with respect to
the following Fund:

Emerging Markets Equity Fund
     
     Effective  January 15,  1998,  Montgomery
Asset Management, LLC will no longer serve  as
sub-adviser   to  Managers  Emerging   Markets
Equity  Fund.   The Fund will continue  to  be
managed by its other sub-adviser, King  Street
Advisors, Limited.



January 19, 1999
                       
                       







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