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MANUFACTURERS INVESTMENT TRUST
SUPPLEMENT TO PROSPECTUS
DATED OCTOBER 1, 1997
I. The following replaces the second and third paragraphs found in the Trust's
Prospectus under the heading "Subadvisory Arrangements - J.P. Morgan
Investment Management Inc." relating to the subadviser for the
International Growth and Income Trust:
J.P. Morgan uses a sophisticated, disciplined, collaborative process
for managing the portfolio. The following persons are primarily responsible
for the day-to-day management of the portfolio (their business experience
for the past five years is indicated parenthetically): Paul A. Quinsee,
Vice President (employed by J.P. Morgan since February 1992, previously
Vice President, Citibank) and Dr. Massimo Fuggetta, Vice President
(employed by J.P. Morgan since 1988.) Mr. Quinsee has been managing the
International Growth and Income Trust since the portfolio's inception
(January, 1995) and Dr. Fuggetta has been involved in the management of the
portfolio since January, 1996.
Mr. Quinsee is primarily responsible for the day-to-day management of
several other institutional and investment company accounts that invest in
international securities, constituting in excess of $5.6 billion of assets
Dr. Fuggetta has been responsible for the day-to-day management of several
other institutional and investment company portfolios that invest primarily
in international securities, constituting approximately $2.4 billion of
assets.
II. The following replaces the paragraph found in the Trust's Prospectus under
the heading "Subadvisory Arrangements Manufacturers Adviser Corporation"
relating to the subadviser for the Lifestyle Trusts:
The Lifestyle Trusts are managed by an investment advisory committee
composed of the following members: Felix Chee (chairman), Mark Schmeer,
Robert Laughton, Richard Crook, Stephen Lewis. Mr. Chee joined Manulife in
1993 and currently holds the position of Executive Vice President and Chief
Investment Officer. Prior to 1993 he was Senior Vice President, Corporate
Finance of Ontario Hydro. Mr. Chee was elected President of MAC in
November, 1997.
III. The second paragraph under the heading "General Information - Shares of the
Trust - Purchase and Redemption of Shares" of the Trust's prospectus is
hereby amended to include Martin Luther King Jr. Day as a holiday observed
by the New York Stock Exchange. No determination of the net asset value of
the shares of the Trust's portfolios will be made on that day.
IV. On November 28, 1997, Salomon Inc, the ultimate parent company of Salomon
Brothers Asset Management Inc ("SBAM") and Salomon Brothers Asset
Management Limited ("SBAM Limited") merged with and into Smith Barney
Holdings Inc., a subsidiary of Travelers Group Inc. ("Travelers"), to form
a new company called Salomon Smith Barney Holdings Inc (the "Transaction").
Upon consummation of the Transaction, Travelers became the ultimate parent
of SBAM and SBAM Limited. Travelers is a diversified financial services
company engaged in investment services, asset management, consumer finance
and life and property casualty insurance services. SBAM continues to serve
as subadviser to the U.S. Government Securities and Strategic Bond Trusts
and SBAM Limited continues to provide subadvisory consulting services to
the Strategic Bond Trust.
The Transaction has created an "assignment," as defined in the Investment
Company Act of 1940, as amended, of the subadvisory agreement between the
Trust and SBAM and of the subadvisory consulting agreement between SBAM
and SBAM Limited, which resulted in the termination of such agreements.
Accordingly, the Board of Trustees of the Trust approved new agreements
substantially identical to the existing agreements, which became effective
November 28, 1997. The new agreements differ only with respect to their
effective date and certain provisions regarding shareholder approval of
the agreements. Shareholder approval is no longer required as provided
pursuant to the Securities and Exchange Commission order discussed under
"Management of the Trust - Advisory Arrangements."
THE DATE OF THIS SUPPLEMENT IS DECEMBER 12, 1997
