Brandywine Advisors Midcap Growth Fund

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Fund Facts

Investment Style:	Mid-Cap Growth

Benchmark(s):	Russell Midcap^® Growth; Russell Midcap^®; S&P 500

Subadvisor(s):

Friess Associates

Share Class Facts

Share Class:	Single

Ticker:	BWAFX

Cusip:	10532B200

Inception Date:	10/31/2000

Expense Ratio: (Gross / Net)	1.25% / 1.25%

Minimum Investment: Initial / Subsequent	$2,000 / $2,000

Minimum IRA Investment: Initial / Subsequent	$2,000 / $2,000

12b-1 Fees:	0.07%

Fund Focus

Brandywine Advisors Midcap Growth Fund employs Friess Associates' research-driven investment process. This process capitalizes on the relationship between earnings performance and stock prices by isolating companies experiencing rapid earnings growth that sell at reasonable multiples of earnings estimates, and show promise to positively surprise Wall Street.

This mutual fund is also committed to staying fully invested, with cash typically targeted at below 10 percent.

Where This Fund May Fit As Part Of Your Asset Allocation

The Brandywine Advisors Midcap Growth Fund may be appropriate for your overall investment allocation if you are:

Looking to gain exposure to mid-sized, high-quality U.S. companies
Seeking long-term growth of capital
Willing to accept short-term volatility of returns

To invest in Brandywine Funds, or for more information, please visit www.brandywinefunds.com, or call Managers Investment Group at 800.835.3879.

Disclosure

Investors should carefully consider the Fund's investment objectives, risks, charges, and expenses before investing. For this and other information, please call 800.656.3017 or download a free prospectus. Read it carefully before investing or sending money.

Brandywine Fund, Brandywine Blue Fund and Brandywine Advisors Midcap Growth Fund are distributed by Quasar Distributors, LLC, member FINRA. Managers Distributors, Inc. provides support on a wholesale basis related to making the Brandywine Funds available through various intermediaries. Managers Distributors, Inc., member FINRA.

Gross annual expense ratio as of January 31, 2012.

Risks

Investments in foreign securities, even though publicly traded in the United States, may involve risks which are in addition to those inherent in domestic investments. The Fund is subject to risks associated with investments in mid-capitalization companies such as erratic earnings patterns, competitive conditions, limited earnings history, and a reliance on one or a limited number of products.

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