MANAGERS FUNDS
NSAR-B, 2000-02-29
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<PAGE>      PAGE  1
000 B000000 12/31/1999
000 C000000 720309
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 THE MANAGERS FUNDS
001 B000000 811-3752
001 C000000 2038575321
002 A000000 40 RICHARDS AVENUE
002 B000000 NORWALK
002 C000000 CT
002 D010000 06854
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  9
007 C010100  1
007 C010200  2
007 C020200 CAPITAL APPRECIATION FUND
007 C030200 N
007 C010300  3
007 C020300 SPECIAL EQUITY FUND
007 C030300 N
007 C010400  4
007 C020400 INCOME EQUITY FUND
007 C030400 N
007 C010500  5
007 C020500 INTERNATIONAL EQUITY FUND
007 C030500 N
007 C010600  6
007 C020600 BOND FUND
007 C030600 N
007 C010700  7
007 C020700 SHORT AND INTERMEDIATE BOND FUND
007 C030700 N
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C021300 GLOBAL BOND FUND
007 C031300 N
007 C011400 14
007 C011500 15
<PAGE>      PAGE  2
007 C021500 EMERGING MARKETS EQUITY FUND
007 C031500 N
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
010 A00AA01 THE MANAGERS FUNDS, LLC
010 B00AA01 56365
010 C01AA01 NORWALK
010 C02AA01 CT
010 C03AA01 06854
011 A00AA01 THE MANAGERS FUNDS, LLC
011 B00AA01 8-56365
011 C01AA01 NORWALK
011 C02AA01 CT
011 C03AA01 06854
012 A00AA01 BOSTON FINANCIAL DATA SERVICES
012 B00AA01 84-999999
012 C01AA01 NORTH QUINCY
012 C02AA01 MA
<PAGE>      PAGE  3
012 C03AA01 02171
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 THE MANAGERS FUNDS LLC
014 B00AA01 8-56365
015 A00AA01 STATE STREET BANK & TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02103
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00    9
019 C00AA00 MANAGERSFD
020 A000001 INSTINET CORPORATION
020 B000001 13-3443395
020 C000001    179
020 A000002 CS FIRST BOSTON CORPORATION
020 B000002 13-5659485
020 C000002    170
020 A000003 DRESDNER KLEINWORT BENSON
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020 A000004 SALOMAON SMITH BARNEY INC.
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020 A000005 MERRILL LYNCH
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020 C000005     82
020 A000006 GOLDMAN SACHS AND CO
020 B000006 13-5108880
020 C000006     80
020 A000007 WEEDEN AND CO
020 B000007 13-3364318
020 C000007     78
020 A000008 JEFFERIES AND CO
020 B000008 95-2622900
020 C000008     72
020 A000009 CAPITAL INSTITUTIONAL SERVICES
020 B000009 75-1565705
020 C000009     60
020 A000010 LEHMAN BROTHERS INC.
020 B000010 13-2518466
020 C000010     59
021  000000     2350
022 A000001 STATE STREET BANK & TRUST, CO.
022 B000001 04-1867445
022 C000001   6388030
<PAGE>      PAGE  4
022 D000001     63221
022 A000002 WEEDEN CO
022 B000002 13-3364318
022 C000002      1389
022 D000002    763189
022 A000003 WARBURG DILLON READ LLC
022 B000003 13-3340045
022 C000003     10454
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022 A000004 VAN KASPER AND COMPANY INC.
022 B000004 94-2498482
022 C000004       765
022 D000004     93728
022 A000005 MORGAN STANLEY AND CO. INC.
022 B000005 13-2655998
022 C000005     57181
022 D000005     18701
022 A000006 DONALSON LUFKIN AND JENRETTE SEC. CORP
022 B000006 13-2741729
022 C000006     62407
022 D000006     12952
022 A000007 TOM WEISEL PARTNERS
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022 D000007     47588
022 A000008 MERRILL LYNCH PIERCE FENNER AND SMITH
022 B000008 13-5674085
022 C000008     47360
022 D000008      5790
022 A000009 SALOMOM SMITH BARNEY INC.
022 B000009 13-1912900
022 C000009     27906
022 D000009     21500
022 A000010 BANCBOSTON ROBERTSON STEPHENS
022 B000010 04-3021421
022 C000010     33362
022 D000010     12007
023 C000000    6964097
023 D000000    1552441
024  00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027  000000 Y
029  00AA00 N
030 A00AA00      0
<PAGE>      PAGE  5
030 B00AA00  0.00
030 C00AA00  0.00
034  00AA00 N
035  00AA00      0
036 B00AA00      0
037  00AA00 N
038  00AA00      0
039  00AA00 N
040  00AA00 N
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054 A00AA00 Y
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054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
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054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 N
054 N00AA00 N
054 O00AA00 N
077 A000000 Y
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077 D000000 N
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077 F000000 N
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077 L000000 N
077 M000000 N
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077 O000000 N
077 P000000 N
077 Q010000 Y
<PAGE>      PAGE  6
078  000000 N
080 A00AA00 NATIONAL UNION FIRE INSURANCE
080 C00AA00     1750
081 A00AA00 Y
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082 B00AA00       25
083 A00AA00 N
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008 A000201 ESSEX INVESTMENT MANAGEMENT COMPANY, INC.
008 B000201 S
008 C000201 801-20033
008 D010201 BOSTON
008 D020201 MA
008 D030201 02110
008 A000202 ROXBURY CAPITAL MANAGEMENT
008 B000202 S
008 C000202 801-55521
008 D010202 SANTA MONICA
008 D020202 CA
008 D030202 90401
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028 B030200         0
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028 D020200         0
028 D030200         0
<PAGE>      PAGE  7
028 D040200      9737
028 E010200     31275
028 E020200         0
028 E030200         0
028 E040200      6471
028 F010200     28879
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028 F040200     10608
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028 G020200     24515
028 G030200         0
028 G040200     43051
028 H000200         0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.800
048 A010200        0
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 Y
055 B000200 N
056  000200 N
057  000200 N
058 A000200 N
059  000200 Y
<PAGE>      PAGE  8
060 A000200 Y
060 B000200 Y
061  000200     2000
062 A000200 N
062 B000200   0.0
062 C000200   0.0
062 D000200   0.0
062 E000200   0.0
062 F000200   0.0
062 G000200   0.0
062 H000200   0.0
062 I000200   0.0
062 J000200   0.0
062 K000200   0.0
062 L000200   0.0
062 M000200   0.0
062 N000200   0.0
062 O000200   0.0
062 P000200   0.0
062 Q000200   0.0
062 R000200   0.0
063 A000200   0
063 B000200  0.0
066 A000200 Y
066 C000200 Y
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 Y
<PAGE>      PAGE  9
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200    298520
071 B000200    252332
071 C000200    126187
071 D000200  200
072 A000200 12
072 B000200      252
072 C000200      237
072 D000200        0
072 E000200       28
072 F000200     1025
072 G000200      321
072 H000200        0
072 I000200      127
072 J000200       85
072 K000200        0
072 L000200        0
072 M000200        9
072 N000200       30
072 O000200        0
072 P000200        0
072 Q000200        0
072 R000200       36
072 S000200        4
072 T000200        0
072 U000200        0
072 V000200        0
072 W000200       27
072 X000200     1664
072 Y000200       47
072 Z000200    -1100
072AA000200    42947
072BB000200        0
072CC010200    65219
072CC020200        0
072DD010200        0
072DD020200        0
072EE000200    25681
<PAGE>      PAGE  10
073 A010200   0.0000
073 A020200   0.0000
073 B000200   7.2000
073 C000200   0.0000
074 A000200        3
074 B000200     6037
074 C000200        0
074 D000200        0
074 E000200        0
074 F000200   240091
074 G000200        0
074 H000200        0
074 I000200    25100
074 J000200     1419
074 K000200        0
074 L000200     2388
074 M000200       14
074 N000200   275052
074 O000200     3523
074 P000200        0
074 Q000200        0
074 R010200        0
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074 R030200        0
074 R040200    23042
074 S000200        0
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074 U010200     4066
074 U020200        0
074 V010200    61.12
074 V020200     0.00
074 W000200   0.0000
074 X000200     3980
074 Y000200        0
075 A000200        0
075 B000200   128169
076  000200     0.00
008 A000301 LIBERTY INVESTMENT MANAGEMENT
008 B000301 S
008 C000301 801-21343
008 D010301 TAMPA
008 D020301 FL
008 D030301 33607
008 A000302 PILGRIM BAXTER & ASSOCIATES, LTD.
008 B000302 S
008 C000302 801-48872
008 D010302 WAYNE
008 D020302 PA
008 D030302 19087
008 D040302 1890
008 A000303 WESTPORT ASSET MANAGEMENT, INC.
<PAGE>      PAGE  11
008 B000303 S
008 C000303 801-21845
008 D010303 WESTPORT
008 D020303 CT
008 D030303 06880
008 A000304 KERN CAPITAL MANAGEMENT LLC
008 B000304 S
008 C000304 801-54766
008 D010304 NEW YORK
008 D020304 NY
008 D030304 10036
028 A010300    104936
028 A020300         0
028 A030300         0
028 A040300     91210
028 B010300     94133
028 B020300         0
028 B030300         0
028 B040300     85038
028 C010300    121165
028 C020300         0
028 C030300         0
028 C040300     88644
028 D010300     90837
028 D020300         0
028 D030300         0
028 D040300     79839
028 E010300     87463
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028 F010300    141332
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028 G020300     40517
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028 G040300    529981
028 H000300         0
045  000300 Y
046  000300 N
047  000300 Y
048  000300  0.900
048 A010300        0
048 A020300 0.000
048 B010300        0
048 B020300 0.000
048 C010300        0
048 C020300 0.000
048 D010300        0
<PAGE>      PAGE  12
048 D020300 0.000
048 E010300        0
048 E020300 0.000
048 F010300        0
048 F020300 0.000
048 G010300        0
048 G020300 0.000
048 H010300        0
048 H020300 0.000
048 I010300        0
048 I020300 0.000
048 J010300        0
048 J020300 0.000
048 K010300        0
048 K020300 0.000
049  000300 N
050  000300 N
051  000300 N
052  000300 N
053 A000300 N
055 A000300 Y
055 B000300 N
056  000300 N
057  000300 N
058 A000300 N
059  000300 Y
060 A000300 Y
060 B000300 Y
061  000300     2000
062 A000300 N
062 B000300   0.0
062 C000300   0.0
062 D000300   0.0
062 E000300   0.0
062 F000300   0.0
062 G000300   0.0
062 H000300   0.0
062 I000300   0.0
062 J000300   0.0
062 K000300   0.0
062 L000300   0.0
062 M000300   0.0
062 N000300   0.0
062 O000300   0.0
062 P000300   0.0
062 Q000300   0.0
062 R000300   0.0
063 A000300   0
063 B000300  0.0
066 A000300 Y
066 B000300 Y
<PAGE>      PAGE  13
067  000300 N
068 A000300 N
068 B000300 N
069  000300 N
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 Y
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 Y
070 O010300 Y
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300    869472
071 B000300    892595
071 C000300    980595
071 D000300   89
072 A000300 12
072 B000300     3833
072 C000300     4823
072 D000300        0
072 E000300      141
072 F000300     9364
072 G000300     2601
<PAGE>      PAGE  14
072 H000300        0
072 I000300      815
072 J000300      454
072 K000300        0
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072 M000300       71
072 N000300       84
072 O000300        0
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072 Y000300       37
072 Z000300    -4842
072AA000300   174422
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072CC010300   356614
072CC020300        0
072DD010300        0
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072EE000300    46046
073 A010300   0.0000
073 A020300   0.0000
073 B000300   2.8200
073 C000300   0.0000
074 A000300        2
074 B000300    28213
074 C000300        0
074 D000300        0
074 E000300        0
074 F000300  1402925
074 G000300        0
074 H000300        0
074 I000300   177539
074 J000300     4848
074 K000300        0
074 L000300     9869
074 M000300       71
074 N000300  1623467
074 O000300     5647
074 P000300        0
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074 R040300    74670
<PAGE>      PAGE  15
074 S000300        0
074 T000300  1543150
074 U010300    16880
074 U020300        0
074 V010300    91.42
074 V020300     0.00
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074 X000300     9673
074 Y000300        0
075 A000300        0
075 B000300  1040486
076  000300     0.00
008 A000401 SCUDDER KEMPER INVESTMENTS, INC.
008 B000401 S
008 C000401 801-252
008 D010401 NEW YORK
008 D020401 NY
008 D030401 10154
008 A000402 CHARTWELL INVESTMENT PARTNERS, L.P.
008 B000402 S
008 C000402 801-54124
008 D010402 BERWIN
008 D020402 PA
008 D030402 19312
028 A010400       753
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<PAGE>      PAGE  16
028 G040400     17313
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045  000400 Y
046  000400 N
047  000400 Y
048  000400  0.750
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048 B010400        0
048 B020400 0.000
048 C010400        0
048 C020400 0.000
048 D010400        0
048 D020400 0.000
048 E010400        0
048 E020400 0.000
048 F010400        0
048 F020400 0.000
048 G010400        0
048 G020400 0.000
048 H010400        0
048 H020400 0.000
048 I010400        0
048 I020400 0.000
048 J010400        0
048 J020400 0.000
048 K010400        0
048 K020400 0.000
049  000400 N
050  000400 N
051  000400 N
052  000400 N
053 A000400 N
055 A000400 Y
055 B000400 N
056  000400 N
057  000400 N
058 A000400 N
059  000400 Y
060 A000400 Y
060 B000400 Y
061  000400     2000
062 A000400 N
062 B000400   0.0
062 C000400   0.0
062 D000400   0.0
062 E000400   0.0
062 F000400   0.0
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062 H000400   0.0
062 I000400   0.0
<PAGE>      PAGE  17
062 J000400   0.0
062 K000400   0.0
062 L000400   0.0
062 M000400   0.0
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062 O000400   0.0
062 P000400   0.0
062 Q000400   0.0
062 R000400   0.0
063 A000400   0
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066 A000400 Y
066 E000400 Y
067  000400 N
068 A000400 N
068 B000400 N
069  000400 N
070 A010400 Y
070 A020400 Y
070 B010400 Y
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 Y
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 Y
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 Y
070 O010400 Y
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
<PAGE>      PAGE  18
070 R010400 N
070 R020400 N
071 A000400     52236
071 B000400     82408
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072 A000400 12
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073 A010400   0.2900
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073 B000400   4.0900
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<PAGE>      PAGE  19
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<PAGE>      PAGE  25
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<PAGE>      PAGE  26
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<PAGE>      PAGE  33
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<PAGE>      PAGE  36
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074 R041300    15073
074 S001300        0
074 T001300    19073
074 U011300      981
074 U021300        0
074 V011300    19.44
074 V021300     0.00
074 W001300   0.0000
074 X001300     1121
074 Y001300        0
075 A001300        0
075 B001300    20815
076  001300     0.00
008 A001501 REXITER CAPITAL MANAGEMENT LIMITED
<PAGE>      PAGE  38
008 B001501 S
008 C001501 801-1234
008 D011501 LONDON
008 D051501 ENGLAND
008 D061501 SW1Y60W
028 A011500       774
028 A021500         0
028 A031500         0
028 A041500       390
028 B011500       581
028 B021500         0
028 B031500         0
028 B041500      1131
028 C011500       531
028 C021500         0
028 C031500         0
028 C041500       246
028 D011500       312
028 D021500         0
028 D031500         0
028 D041500       243
028 E011500       326
028 E021500         0
028 E031500         0
028 E041500       230
028 F011500       823
028 F021500         0
028 F031500         0
028 F041500       447
028 G011500      3347
028 G021500         0
028 G031500         0
028 G041500      2687
028 H001500         0
045  001500 Y
046  001500 N
047  001500 Y
048  001500  1.150
048 A011500        0
048 A021500 0.000
048 B011500        0
048 B021500 0.000
048 C011500        0
048 C021500 0.000
048 D011500        0
048 D021500 0.000
048 E011500        0
048 E021500 0.000
048 F011500        0
048 F021500 0.000
048 G011500        0
<PAGE>      PAGE  39
048 G021500 0.000
048 H011500        0
048 H021500 0.000
048 I011500        0
048 I021500 0.000
048 J011500        0
048 J021500 0.000
048 K011500        0
048 K021500 0.000
049  001500 N
050  001500 N
051  001500 N
052  001500 N
053 A001500 Y
053 B001500 Y
055 A001500 Y
055 B001500 N
056  001500 N
057  001500 N
058 A001500 N
059  001500 Y
060 A001500 Y
060 B001500 Y
061  001500     2000
062 A001500 N
062 B001500   0.0
062 C001500   0.0
062 D001500   0.0
062 E001500   0.0
062 F001500   0.0
062 G001500   0.0
062 H001500   0.0
062 I001500   0.0
062 J001500   0.0
062 K001500   0.0
062 L001500   0.0
062 M001500   0.0
062 N001500   0.0
062 O001500   0.0
062 P001500   0.0
062 Q001500   0.0
062 R001500   0.0
063 A001500   0
063 B001500  0.0
066 A001500 Y
066 B001500 Y
067  001500 N
068 A001500 N
068 B001500 Y
069  001500 N
070 A011500 Y
<PAGE>      PAGE  40
070 A021500 Y
070 B011500 Y
070 B021500 N
070 C011500 Y
070 C021500 N
070 D011500 Y
070 D021500 N
070 E011500 Y
070 E021500 N
070 F011500 Y
070 F021500 N
070 G011500 Y
070 G021500 N
070 H011500 Y
070 H021500 N
070 I011500 N
070 I021500 N
070 J011500 Y
070 J021500 Y
070 K011500 Y
070 K021500 Y
070 L011500 Y
070 L021500 Y
070 M011500 Y
070 M021500 Y
070 N011500 Y
070 N021500 N
070 O011500 Y
070 O021500 N
070 P011500 N
070 P021500 N
070 Q011500 N
070 Q021500 N
070 R011500 N
070 R021500 N
071 A001500     10638
071 B001500      8166
071 C001500      6881
071 D001500  119
072 A001500 12
072 B001500        7
072 C001500      176
072 D001500        0
072 E001500      -23
072 F001500       83
072 G001500       18
072 H001500        0
072 I001500       31
072 J001500       17
072 K001500        0
072 L001500        0
<PAGE>      PAGE  41
072 M001500        1
072 N001500       10
072 O001500        0
072 P001500        0
072 Q001500        0
072 R001500       17
072 S001500        0
072 T001500        0
072 U001500        2
072 V001500        0
072 W001500        2
072 X001500      181
072 Y001500       48
072 Z001500       27
072AA001500     1115
072BB001500        0
072CC011500     3932
072CC021500        0
072DD011500       25
072DD021500        0
072EE001500        0
073 A011500   0.0300
073 A021500   0.0000
073 B001500   0.0000
073 C001500   0.0000
074 A001500       35
074 B001500      239
074 C001500        0
074 D001500        0
074 E001500        0
074 F001500    11756
074 G001500        0
074 H001500        0
074 I001500      565
074 J001500       21
074 K001500        0
074 L001500        0
074 M001500        9
074 N001500    12625
074 O001500       74
074 P001500        0
074 Q001500        0
074 R011500        0
074 R021500        0
074 R031500        0
074 R041500      117
074 S001500        0
074 T001500    12434
074 U011500      848
074 U021500        0
074 V011500    14.67
<PAGE>      PAGE  42
074 V021500     0.00
074 W001500   0.0000
074 X001500     1751
074 Y001500        0
075 A001500        0
075 B001500     7193
076  001500     0.00
SIGNATURE   DONALD RUMERY
TITLE       TREASURER



[ARTICLE] 6
[SERIES]
   [NUMBER] 2
   [NAME] MANAGERS CAPITAL APPRECIATION
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                           248487
[INVESTMENTS-AT-VALUE]                          271228
[RECEIVABLES]                                     3807
[ASSETS-OTHER]                                       7
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                  275052
[PAYABLE-FOR-SECURITIES]                          3523
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                        23042
[TOTAL-LIABILITIES]                              26565
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                        152412
[SHARES-COMMON-STOCK]                             4066
[SHARES-COMMON-PRIOR]                             2610
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                           9553
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                         86522
[NET-ASSETS]                                    248487
[DIVIDEND-INCOME]                                  237
[INTEREST-INCOME]                                  252
[OTHER-INCOME]                                      28
[EXPENSES-NET]                                    1617
[NET-INVESTMENT-INCOME]                         (1100)
[REALIZED-GAINS-CURRENT]                         42947
[APPREC-INCREASE-CURRENT]                        65219
[NET-CHANGE-FROM-OPS]                           107066
[EQUALIZATION]                                    7270
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                         18411
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                         141945
[NUMBER-OF-SHARES-REDEEMED]                      87549
[SHARES-REINVESTED]                              24515
[NET-CHANGE-IN-ASSETS]                          160296
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                          656
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                             1025
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                   1664
[AVERAGE-NET-ASSETS]                            128169
[PER-SHARE-NAV-BEGIN]                            33.78
[PER-SHARE-NII]                                 (0.27)
[PER-SHARE-GAIN-APPREC]                          34.81
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                       (7.20)
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              61.12
[EXPENSE-RATIO]                                   1.26
</TABLE>

[ARTICLE] 6
[SERIES]
   [NUMBER] 3
   [NAME] MANAGERS SPECIAL EQUITY
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                          1075883
[INVESTMENTS-AT-VALUE]                         1608677
[RECEIVABLES]                                    14717
[ASSETS-OTHER]                                      73
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                 1623467
[PAYABLE-FOR-SECURITIES]                          5647
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                        74670
[TOTAL-LIABILITIES]                              80317
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                        947603
[SHARES-COMMON-STOCK]                            16880
[SHARES-COMMON-PRIOR]                            15676
[ACCUMULATED-NII-CURRENT]                          295
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                          62459
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                        532793
[NET-ASSETS]                                   1543150
[DIVIDEND-INCOME]                                 4823
[INTEREST-INCOME]                                 3833
[OTHER-INCOME]                                     141
[EXPENSES-NET]                                   13639
[NET-INVESTMENT-INCOME]                         (4842)
[REALIZED-GAINS-CURRENT]                        174422
[APPREC-INCREASE-CURRENT]                       356614
[NET-CHANGE-FROM-OPS]                           526194
[EQUALIZATION]                                   35227
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                         10819
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        1339253
[NUMBER-OF-SHARES-REDEEMED]                    1276707
[SHARES-REINVESTED]                              40517
[NET-CHANGE-IN-ASSETS]                          583211
[ACCUMULATED-NII-PRIOR]                            143
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                       25697
[GROSS-ADVISORY-FEES]                             9364
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                  13676
[AVERAGE-NET-ASSETS]                           1040486
[PER-SHARE-NAV-BEGIN]                            61.23
[PER-SHARE-NII]                                 (0.29)
[PER-SHARE-GAIN-APPREC]                          33.30
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                         2.82
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              91.42
[EXPENSE-RATIO]                                   1.31
</TABLE>

[ARTICLE] 6
[SERIES]
   [NUMBER] 4
   [NAME] MANAGERS INCOME EQUITY
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                            36747
[INVESTMENTS-AT-VALUE]                           42938
[RECEIVABLES]                                      141
[ASSETS-OTHER]                                    1455
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                   44534
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                         2063
[TOTAL-LIABILITIES]                               2063
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                         35759
[SHARES-COMMON-STOCK]                             1544
[SHARES-COMMON-PRIOR]                             2262
[ACCUMULATED-NII-CURRENT]                            9
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                            512
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                          6191
[NET-ASSETS]                                     42471
[DIVIDEND-INCOME]                                 1277
[INTEREST-INCOME]                                   29
[OTHER-INCOME]                                    (10)
[EXPENSES-NET]                                     769
[NET-INVESTMENT-INCOME]                            527
[REALIZED-GAINS-CURRENT]                          8249
[APPREC-INCREASE-CURRENT]                       (6175)
[NET-CHANGE-FROM-OPS]                             2601
[EQUALIZATION]                                    1863
[DISTRIBUTIONS-OF-INCOME]                          521
[DISTRIBUTIONS-OF-GAINS]                          3734
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                          14668
[NUMBER-OF-SHARES-REDEEMED]                      43894
[SHARES-REINVESTED]                               5824
[NET-CHANGE-IN-ASSETS]                         (26919)
[ACCUMULATED-NII-PRIOR]                             21
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                         295
[GROSS-ADVISORY-FEES]                              428
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                    771
[AVERAGE-NET-ASSETS]                             57087
[PER-SHARE-NAV-BEGIN]                            30.67
[PER-SHARE-NII]                                   0.30
[PER-SHARE-GAIN-APPREC]                           0.91
[PER-SHARE-DIVIDEND]                            (0.29)
[PER-SHARE-DISTRIBUTIONS]                       (4.09)
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              27.50
[EXPENSE-RATIO]                                   1.35
</TABLE>

[ARTICLE] 6
[SERIES]
   [NUMBER] 5
   [NAME] MANAGERS INTERNATIONAL EQUITY
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                           522273
[INVESTMENTS-AT-VALUE]                          708904
[RECEIVABLES]                                     2092
[ASSETS-OTHER]                                    1781
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                  712777
[PAYABLE-FOR-SECURITIES]                          1732
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                         6836
[TOTAL-LIABILITIES]                               8568
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                        517045
[SHARES-COMMON-STOCK]                            11996
[SHARES-COMMON-PRIOR]                            11317
[ACCUMULATED-NII-CURRENT]                         6001
[OVERDISTRIBUTION-NII]                            5437
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                        186600
[NET-ASSETS]                                    704209
[DIVIDEND-INCOME]                                12111
[INTEREST-INCOME]                                 1611
[OTHER-INCOME]                                  (1266)
[EXPENSES-NET]                                    8469
[NET-INVESTMENT-INCOME]                           3987
[REALIZED-GAINS-CURRENT]                         35317
[APPREC-INCREASE-CURRENT]                       109376
[NET-CHANGE-FROM-OPS]                           148680
[EQUALIZATION]                                   12383
[DISTRIBUTIONS-OF-INCOME]                         2881
[DISTRIBUTIONS-OF-GAINS]                         13309
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        1092700
[NUMBER-OF-SHARES-REDEEMED]                    1084411
[SHARES-REINVESTED]                              22987
[NET-CHANGE-IN-ASSETS]                          151383
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                         3391
[OVERDISTRIB-NII-PRIOR]                           1169
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                             5431
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                   8537
[AVERAGE-NET-ASSETS]                            603489
[PER-SHARE-NAV-BEGIN]                            48.85
[PER-SHARE-NII]                                   0.35
[PER-SHARE-GAIN-APPREC]                          11.96
[PER-SHARE-DIVIDEND]                              0.35
[PER-SHARE-DISTRIBUTIONS]                         2.10
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              58.71
[EXPENSE-RATIO]                                   1.40
</TABLE>

[ARTICLE] 6
[SERIES]
   [NUMBER] 15
   [NAME] MANAGERS EMERGING MARKETS
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                             9286
[INVESTMENTS-AT-VALUE]                           12560
[RECEIVABLES]                                       21
[ASSETS-OTHER]                                      44
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                   12625
[PAYABLE-FOR-SECURITIES]                            74
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                          117
[TOTAL-LIABILITIES]                                191
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                          8643
[SHARES-COMMON-STOCK]                              848
[SHARES-COMMON-PRIOR]                              604
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                            518
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                          3273
[NET-ASSETS]                                     12434
[DIVIDEND-INCOME]                                  176
[INTEREST-INCOME]                                    7
[OTHER-INCOME]                                    (23)
[EXPENSES-NET]                                     133
[NET-INVESTMENT-INCOME]                             27
[REALIZED-GAINS-CURRENT]                          1115
[APPREC-INCREASE-CURRENT]                         3932
[NET-CHANGE-FROM-OPS]                             5074
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                           25
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                           7152
[NUMBER-OF-SHARES-REDEEMED]                       4466
[SHARES-REINVESTED]                                 22
[NET-CHANGE-IN-ASSETS]                            7757
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                         609
[GROSS-ADVISORY-FEES]                               83
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                    181
[AVERAGE-NET-ASSETS]                              7193
[PER-SHARE-NAV-BEGIN]                             7.74
[PER-SHARE-NII]                                   0.03
[PER-SHARE-GAIN-APPREC]                           6.93
[PER-SHARE-DIVIDEND]                              0.03
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.67
[EXPENSE-RATIO]                                   1.85
</TABLE>

[ARTICLE] 6
[SERIES]
   [NUMBER] 6
   [NAME] MANAGERS BOND FUND
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                            36825
[INVESTMENTS-AT-VALUE]                           33838
[RECEIVABLES]                                      657
[ASSETS-OTHER]                                       7
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                   34502
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                         1113
[TOTAL-LIABILITIES]                               1113
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                         36028
[SHARES-COMMON-STOCK]                             1556
[SHARES-COMMON-PRIOR]                             1925
[ACCUMULATED-NII-CURRENT]                           18
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                            329
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                        (2986)
[NET-ASSETS]                                     33389
[DIVIDEND-INCOME]                                   47
[INTEREST-INCOME]                                 2545
[OTHER-INCOME]                                       1
[EXPENSES-NET]                                     419
[NET-INVESTMENT-INCOME]                           2174
[REALIZED-GAINS-CURRENT]                           330
[APPREC-INCREASE-CURRENT]                       (1240)
[NET-CHANGE-FROM-OPS]                             1264
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                         2180
[DISTRIBUTIONS-OF-GAINS]                           123
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                          16911
[NUMBER-OF-SHARES-REDEEMED]                      27361
[SHARES-REINVESTED]                               2149
[NET-CHANGE-IN-ASSETS]                          (9340)
[ACCUMULATED-NII-PRIOR]                             23
[ACCUMULATED-GAINS-PRIOR]                          124
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                              209
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                    421
[AVERAGE-NET-ASSETS]                             33354
[PER-SHARE-NAV-BEGIN]                            22.19
[PER-SHARE-NII]                                   1.45
[PER-SHARE-GAIN-APPREC]                         (0.65)
[PER-SHARE-DIVIDEND]                              1.45
[PER-SHARE-DISTRIBUTIONS]                         0.09
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              21.45
[EXPENSE-RATIO]                                   1.25
</TABLE>

[ARTICLE] 6
[SERIES]
   [NUMBER] 7
   [NAME] MANAGERS SHORT AND INTERMEDIATE BOND
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                            18645
[INVESTMENTS-AT-VALUE]                           18250
[RECEIVABLES]                                      282
[ASSETS-OTHER]                                       6
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                   18538
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                          672
[TOTAL-LIABILITIES]                                672
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                         28749
[SHARES-COMMON-STOCK]                              945
[SHARES-COMMON-PRIOR]                              944
[ACCUMULATED-NII-CURRENT]                            3
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                        (10492)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                         (395)
[NET-ASSETS]                                     17866
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                                 1198
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                     238
[NET-INVESTMENT-INCOME]                            960
[REALIZED-GAINS-CURRENT]                         (202)
[APPREC-INCREASE-CURRENT]                        (356)
[NET-CHANGE-FROM-OPS]                              402
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                          959
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                           7003
[NUMBER-OF-SHARES-REDEEMED]                       7868
[SHARES-REINVESTED]                                880
[NET-CHANGE-IN-ASSETS]                           (542)
[ACCUMULATED-NII-PRIOR]                              2
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                       10290
[GROSS-ADVISORY-FEES]                               93
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                    239
[AVERAGE-NET-ASSETS]                             18480
[PER-SHARE-NAV-BEGIN]                            19.49
[PER-SHARE-NII]                                   1.00
[PER-SHARE-GAIN-APPREC]                         (0.59)
[PER-SHARE-DIVIDEND]                              1.00
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              18.90
[EXPENSE-RATIO]                                   1.29
</TABLE>

[ARTICLE] 6
[SERIES]
   [NUMBER] 13
   [NAME] MANAGERS GLOBAL BOND
[MULTIPLIER] 1000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   12-MOS
[FISCAL-YEAR-END]                          DEC-31-1999
[PERIOD-END]                               DEC-31-1999
[INVESTMENTS-AT-COST]                            19815
[INVESTMENTS-AT-VALUE]                           18507
[RECEIVABLES]                                    15413
[ASSETS-OTHER]                                     226
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                                   34146
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                        15073
[TOTAL-LIABILITIES]                              15073
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                         20667
[SHARES-COMMON-STOCK]                              981
[SHARES-COMMON-PRIOR]                              986
[ACCUMULATED-NII-CURRENT]                           14
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                           296
[ACCUM-APPREC-OR-DEPREC]                        (1312)
[NET-ASSETS]                                     19073
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                                 1104
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                     320
[NET-INVESTMENT-INCOME]                            784
[REALIZED-GAINS-CURRENT]                         (618)
[APPREC-INCREASE-CURRENT]                       (2390)
[NET-CHANGE-FROM-OPS]                           (2224)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                          461
[DISTRIBUTIONS-OF-GAINS]                           212
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                          10012
[NUMBER-OF-SHARES-REDEEMED]                      10759
[SHARES-REINVESTED]                                650
[NET-CHANGE-IN-ASSETS]                          (2994)
[ACCUMULATED-NII-PRIOR]                             17
[ACCUMULATED-GAINS-PRIOR]                          206
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                              146
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                    321
[AVERAGE-NET-ASSETS]                             20815
[PER-SHARE-NAV-BEGIN]                            22.38
[PER-SHARE-NII]                                   0.82
[PER-SHARE-GAIN-APPREC]                         (3.05)
[PER-SHARE-DIVIDEND]                              0.49
[PER-SHARE-DISTRIBUTIONS]                         0.22
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              19.44
[EXPENSE-RATIO]                                   1.54
</TABLE>


Report of Independent Accountants

To the Trustees of The Managers Funds
and the Shareholders of Managers Income
Equity Fund, Managers Capital Appreciation
Fund, Managers Special Equity Fund,
Managers International Equity Fund, Managers
Emerging Markets Equity Fund, Managers
Short and Intermediate Bond Fund, Managers
Bond Fund and Managers Global Bond Fund:

In planning and performing our audit of the financial
statements of Managers Income
Equity Fund, Managers Capital Appreciation Fund,
Managers Special Equity Fund, Managers International
Equity Fund, Managers, Emerging Markets Equity Fund,
Managers Short and Intermediate Bond Fund, Managers
Bond Fund and Managers Global Bond Fund (eight of the
series constituting The Managers Funds hereafter referred to
as the "Funds") for the year ended December 31, 1999, we
considered its internal control, including control activities
for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on
internal control.

The management of the Funds is responsible for establishing
and maintaining internal control.  In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls.  Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.

Because of inherent limitations in internal control, errors or
fraud may occur and not be detected.  Also, projection of
any evaluation of internal control to future periods is subject
to the risk that controls may become inadequate because of
changes in conditions or that the effectiveness of their
design and operation may deteriorate.

Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants.  A material
weakness is a condition in which the design or operation of
one or more of the internal control components does not
reduce to a relatively low level the risk that misstatements
caused by error or fraud in amounts that would be material
in relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their assigned
functions.  However, we noted no matters involving internal
control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as
defined above as of December 31, 1999.


This report is intended solely for the information and use of
the Trustees, management and the Securities and Exchange
Commission and is not intended to be and should not be
used by anyone other than these specified parties.




PricewaterhouseCoopers LLP
Boston, Massachusetts
February 24, 2000










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