MANAGERS FUNDS
497, 2001-01-11
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              THE MANAGERS FUNDS
         MANAGERS SMALL COMPANY FUND

      Supplement dated January 11, 2001
    to Statement of Additional Information
              dated May 1, 2000

The Statement of Additional Information is
hereby supplemented as follows:

Effective   December   29,   2000,    Managers
Distributors,  Inc. ("MDI"),  a  wholly  owned
subsidiary of The Managers Funds LLC  ("TMF"),
assumed responsibility for the performance  of
all  obligations  as  the distributor  of  the
Funds under the current Distribution Agreement
between  TMF  and  The  Managers  Funds.   All
references   in   the  prospectus   and   this
Statement  of Information to the "Distributor"
or  to  TMF in its capacity as the distributor
or underwriter of the Funds shall mean MDI.

January 11, 2001






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