<PAGE> 1
SUPPLEMENT TO PROSPECTUS FOR
MANUFACTURERS INVESTMENT TRUST
DATED MAY 1, 1998
STRATEGIC BOND AND U.S. GOVERNMENT SECURITIES TRUSTS - PORTFOLIO MANAGER CHANGES
Steven Guterman who had been jointly responsible together with Roger Lavan
for the day-to-day management of the Strategic Bond and U.S. Government
Securities Trusts is no longer managing these portfolios. Roger Lavan continues
to manage these portfolios and continues to be assisted in the management of the
Strategic Bond Trust by Peter Wilby and David Scott.
GROWTH TRUST - PORTFOLIO MANAGER CHANGES
Edward F. Keely who has been the lead portfolio manager for the Growth
Trust will no longer be managing this portfolio. Paul LaRocco, CFA will take
the role of interim lead manager with the support of the Founders investment
management team.
Mr. LaRocco, Vice President, Investments for Founders, became lead
portfolio manager for Founders Special Fund in March 1998. Prior to joining
Founders, he was a vice president and portfolio manager with Oppenheimer Funds
Inc. (1993-1998) and a securities analyst with Columbus Circle Investors
(1990-1993). Since April 1998, Mr. LaRocco also has served as a portfolio
manager for The Dreyfus Corporation. A graduate of the University of California
at Santa Barbara, Mr. LaRocco received an MBA with a concentration in finance
from the University of Chicago.
THE DATE OF THIS SUPPLEMENT IS AUGUST 24, 1998.
MIT.SUPP898
