THE MANAGERS FUNDS
INCOME FUNDS
Supplement dated March 8, 1999
to Prospectus 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:
Intermediate Mortgage Fund
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Effective March 8, 1999, Standish, Ayer &
Wood, Inc. ("Standish") will replace Jennison
Associates LLC ("Jennison") as Sub-Adviser of
Managers Intermediate Mortgage Fund. Standish
will be paid the same fee that Jennison had
received on the Fund, 0.20% per annum of the
average daily net assets that Standish
manages. Standish currently serves as the Sub-
Adviser of Managers Short and Intermediate
Bond Fund.
Howard B. Rubin serves as the portfolio
manager of the Intermediate Mortgage Fund. He
is currently the Portfolio Manager of the
Short and Intermediate Bond Fund.
March 8, 1999
