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SEI INSTITUTIONAL MANAGED TRUST
SMALL CAP GROWTH PORTFOLIO
SUPPLEMENT DATED OCTOBER 15, 1997
TO THE PROSPECTUS DATED JANUARY 31, 1997
THIS SUPPLEMENT PROVIDES NEW AND ADDITIONAL INFORMATION BEYOND THAT CONTAINED IN
THE PROSPECTUS, AND SHOULD BE READ IN CONJUNCTION WITH SUCH PROSPECTUS.
At a meeting held on September 15, 1997, the Board of Trustees of SEI
Institutional Managed Trust (the "Trust") approved a new sub-advisory agreement
(the "New Agreement") between SEI Investments Management Corporation and Furman
Selz Capital Management LLC ("Furman Selz"), relating to the Small Cap Growth
Portfolio (the "Portfolio").
Furman Selz currently serves as a Sub-Adviser for a portion of the assets of the
Portfolio. Effective on October 1, 1997, Furman Selz was acquired by ING Groep
N.V.
ING Groep N.V., headquartered in Amsterdam, is an integrated global insurance,
banking, and investment services business with operations in 58 countries. With
total assets of $289 billion and shareholders equity of $23 billion, ING Groep
N.V. is the largest financial services group in the Netherlands and the fourth
largest financial institution in Europe. For 1996, the company had over $35
billion of total revenue generating after tax profits of about $1.9 billion.
As a result of this transaction, the Portfolio's existing sub-advisory agreement
with Furman Selz terminated. The New Agreement became effective upon the closing
of the transaction. The New Agreement is identical in all material respects to
the existing sub-advisory agreement, including the amount of compensation
payable to Furman Selz. Matthew Price and David Campbell, the portfolio managers
for Furman Selz's portion of the assets of the Portfolio, will continue to serve
as portfolio managers.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE
SEI-A-101-01
SEI-A-010-01
