THE MANAGERS FUNDS
Supplement dated July 10, 2000 to the
Statement of Additional Information
dated May 1, 2000
The following information supersedes that
contained in the Statement of Additional
Information solely with respect to the
following Fund:
Bond Fund
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The Fund's Sub-Adviser, Loomis, Sayles &
Company, L.P. ("Loomis, Sayles"), is an
affiliate of Nvest, L.P. and Nvest Companies,
L.P., which recently announced that they have
entered into an agreement to be acquired by
CDC Asset Management ("CDC"). CDC is the
investment management arm of France's Caisse
des Depots Group, which is a major diversified
financial institution. Nvest will be renamed
CDC Asset Management-North America and it will
continue to use the holding company structure.
Loomis, Sayles will retain its investment
independence, brand name, management and
operating autonomy. The transaction will not
affect daily operations of the Fund or the
investment management activities of Loomis,
Sayles. Consummation of the transaction with
CDC is subject to a number of contingencies,
including regulatory approvals and approval of
the unitholders of Nvest, L.P. and Nvest
Companies, L.P., and is expected to close in
the fourth quarter of 2000. The Trustees of
the Fund are expected to approve the
continuation of the Fund's current agreements
with Loomis, Sayles so that Loomis, Sayles
will continue to serve as Sub-Adviser of the
Fund following consummation of the
transaction.
July 10, 2000
<PAGE>
FILE NO. 2-84012
811-3752
Rule 497-e
VIA EDGAR
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July 10, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, DC 20549-1004
Re: The Managers Funds
File Nos.2-84012 and 811-3752
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Commissioners:
Enclosed for filing pursuant to Rule 497(e) under the Securities
and Exchange Act of 1933 is a supplement to the Statement of
Additional Information for the Bond Fund of The Managers Funds.
This sticker announces an upcoming change of ownership of the sub-
adviser of the Fund.
Sincerely,
/s/Laura A. Pentimone
Laura A. Pentimone
Assistant Secretary
Cc: John Ganley, Staff Examiner
