THE MANAGERS FUNDS
MONEY MARKET FUND
Supplement dated December 2, 1999
to Prospectus dated April 1, 1999
Effective December 1, 1999, the expenses set
forth below reflect a fee waiver by the Fund
Administrator of 0.10% of its total fee of
0.25%. Therefore, the Annual Operating
Expenses Table for Managers Money Market Fund
located at the top of Page 9 of the current
Prospectus is deleted in its entirety and is
hereby replaced with the following Table:
Annual Operating Expenses (unaudited)*
(expenses that are deducted from Fund assets):
Management Fees.............................0.12%
Distribution (12b-1) Fees...................0.00%
Other Expenses..............................0.51%(a)
Total Fund Operating Expenses...............0.63%(b)
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*This table shows the expenses for both the
Fund and its share of its master portfolio,
The Prime Money Market Portfolio, for the
fiscal year ended November 30, 1999.
(a) The Fund's Other Expenses are 0.41%,
which reflects a voluntary waiver of a portion
of the administration fee by The Managers
Funds LLC, the Administrator of the Fund.
This waiver is expected to continue, but may
be modified or terminated at the sole
discretion of the Administrator.
(b) The Total Annual Fund Operating Expenses
are currently 0.53%, which reflects the waiver
now in effect.
December 2, 1999
