MANAGERS FUNDS
497, 1999-10-07
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              THE MANAGERS FUNDS
                 EQUITY FUNDS

       Supplement dated October 7, 1999
      to Prospectus dated April 1, 1999

The Prospectus is hereby supplemented as
follows:

INCOME EQUITY FUND
- ------------------

As of January 1, 1999, Managers Income Equity
Fund will declare and pay dividends quarterly
rather than monthly.



October 7, 1999









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