<PAGE> 1
SUPPLEMENT TO PROSPECTUS FOR
MANUFACTURERS INVESTMENT TRUST
DATED MAY 1, 2000
MANAGEMENT OF THE TRUST
ADVISORY ARRANGEMENTS
The Adviser has voluntarily agreed to waive a portion of its advisory
fee for the Science & Technology Trust, the Blue Chip Growth Trust, the
Equity-Income Trust and the International Stock Trust. The fee reduction is
based on the combined asset level of all four portfolios. Once the combined
assets exceed specified amounts, the fee reduction is increased. The percentage
fee reduction for each asset level is as follows:
<TABLE>
<CAPTION>
COMBINED ASSET LEVELS FEE REDUCTION
(AS A PERCENTAGE OF THE ADVISORY FEE)
<S> <C>
First $750 million 0.0%
Between $750 million and $1.5 billion 2.5%
Between $1.5 billion and $3.0 billion 3.75%
Over $3.0 billion 5.0%
</TABLE>
The fee reductions are applied to the advisory fees of each of the four
portfolios. This voluntary fee waiver may be terminated at any time by the
adviser.
MANAGEMENT OF THE TRUST
SUBADVISORY ARRANGEMENTS
The following changes are made to the portfolio managers for the Subadvisers of
the Trusts as outlined below:
AIM Capital Management, Inc.-Aggressive Growth Trust
Charles D. Scavone and Kenneth A. Zschappel no longer serve as
portfolios managers for the Aggressive Growth Trust. Robert M. Kippes and Ryan
E. Crane will, however, continue to serve as portfolios managers for this Trust.
Capital Guardian Trust Company -U.S. Large Cap Value Trust
-Income and Value Trust
Allen J. Wilson has been added as a portfolio manager to the U.S. Large
Cap Value Trust and the Income and Value Trust. Previously, Mr. Wilson was part
of a research analyst committee that managed a segment of this Trust. Mr. Wilson
is Vice President of Capital International Research, Inc. with research
responsibilities covering U.S. oil services and household products. Mr. Wilson
has been managing a diversified U.S. equity portion of CGTC's portfolios and
accounts since January 1999. Mr. Wilson joined CGTC in 1991.
Manufacturers Advisor Corporation-Pacific Rim Emerging Markets Trust
Richard Crook, Stephen Hill and Hugh Williams no longer manage the
Pacific Rim Emerging Markets Trust. The new portfolios managers for this Trust
are Seton Lor and Samantha Ho. Information regarding these two managers is set
forth below:
Seton Lor joined MAC in 2000. Prior to joining MAC, he was Director of
Balanced Investments at AXA Investment Managers in Hong Kong where he served
from 1996 to 2000.
Samantha Ho joined MAC in 2000. Prior to joining MAC, she was a senior
portfolio manager at SEB Investment Management where she served from 1994 to
2000. Prior to that, she was an investment analyst at Jardine Fleming.
MIT.PROSUPP 07/31/2000
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State Street Global Advisors - Growth Trust
F. Matthew Griswold has joined the management team of the Growth Trust
replacing Peter Stonberg. Mr. Griswold is a principal at State Street Global
Advisers ("SsgA") and is assistant portfolio manager in the U.S. Active Equity
group at SSgA. He supports the large cap growth, U.S. aggressive growth and
small cap strategies in this group. He joined State Street Corporation in 1989.
THE DATE OF THIS SUPPLEMENT IS JULY 31, 2000
MIT.PROSUPP 07/31/2000
