www.managersfunds.com
November 29, 2000
Theresa Westbrook
Deloitte & Touche LLP
Two World Financial Center
New York, NY 10281-1414
Dear Ms. Westbrook:
On September 8, 2000, the Trustees of Managers U.S. Stock Market
Plus Fund (Managers Trusts I), and Managers Short Duration
Government Fund and Managers Intermediate Duration Government
Fund (Managers Trust II) (collectively the "Funds"), voted not to
retain Deloitte & Touche LLP as the independent accountants for
the Funds, due to the acquisition of the Funds from Smith Breeden
Associates, Inc.
In accordance with the requirements of Item 304 of Regulation S-
K, please provide us with a letter from your firm addressed to
the Securities and Exchange Commission stating your agreement
with the following:
1. On September 8, 2000, the Trustees of the Funds voted not to
retain Deloitte & Touche LLP as the Funds' independent
accountants.
2. Deloitte & Touche LLP's reports on the Funds' financial
statements for fiscal years ended in 1999 and 2000 did not
contain an adverse opinion or a disclaimer of opinion, nor were
such reports qualified or modified as to uncertainty, audit scope
or accounting principles.
3. During the Funds' fiscal years ended in 1999 and 2000, and
through the date hereof, (i) there were no disagreements with
Deloitte & Touche LLP on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the
satisfaction of Deloitte & Touche LLP, would have caused it to
make reference to the subject matter of the disagreement in its
report on the financial statements for such years and (ii) there
were no "reportable events" as defined in Paragraph (a) (1) (v)
of Item 304 of Regulation S-K.
A copy of your letter will be filed with the Securities and
Exchange Commission along with this letter as an exhibit to each
Fund's next Form N-SAR (in accordance with Sub-Item 77k of Form N-
SAR).
Sincerely,
/s/Peter McCabe
Peter McCabe
Assistant Treasurer
