THE MANAGERS FUNDS
Supplement dated December 1, 2000 to the
Prospectus
and Statement of Additional Information
dated May 1, 2000
The following information supersedes that
contained in the Prospectus and Statement of
Additional Information with respect to the
following Fund:
Managers Special Equity Fund
Effective December 1, 2000,
Skyline Asset Management, L.P. ("Skyline"),
located in Chicago, Illinois, will be added as
a fifth asset manager for Managers Special
Equity Fund. Goldman Sachs Asset Management,
Kern Capital Management LLC, Pilgrim, Baxter &
Associates, Ltd. and Westport Asset
Management, Inc. will remain as the other
asset managers for the Fund. Skyline will be
paid the same fee as the other four asset
managers on the Fund, 0.50% per annum of the
average daily net assets that Skyline manages.
As of December 31, 1999, Skyline
had approximately $742 million in assets under
management. Skyline was formed in 1995 and is
organized as a limited partnership. The
general partner of Skyline is Affiliated
Managers Group, Inc.
William M. Dutton and his team of
analysts will manage the portion of Managers
Special Equity Fund for Skyline. Mr. Dutton
has been a portfolio manager responsible for
managing small capitalization equity
portfolios since 1984. He is also a Certified
Public Accountant.
December 1, 2000
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