THE MANAGERS FUNDS
Supplement dated May 6, 1999
to Statement of Additional Information
dated April 1, 1999
Investment Objectives and Policies
The paragraph for Managers Global Bond
Fund located on the bottom of Page 2 is
deleted in its entirety and is hereby replaced
with the following paragraph:
Managers Global Bond Fund (the "Global
Bond Fund") is designed for investors who seek
high total return, through both income and
capital appreciation, by investing primarily
in domestic and foreign fixed-income
securities. It seeks to achieve this
objective by investing at least 65% of its
total assets in a portfolio of domestic and
foreign bonds issued by governments,
corporations and supranational organizations.
The Global Bond Fund is nondiversified.
Fund Management Agreement
The Manager's Portion of the Total
Management Fee for the Global Bond Fund as
stated in the table on page 28 should be 0.35%
up to $20 million and 0.45% over $20 million.
May 6, 1999
