[ARTICLE] 6
[CIK] 0000706453
[NAME] MANAGED ASSETS TRUST
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               DEC-31-1997
[INVESTMENTS-AT-COST]                      176,744,268
[INVESTMENTS-AT-VALUE]                     223,400,621
[RECEIVABLES]                                5,545,862
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                               751
[TOTAL-ASSETS]                             228,947,234
[PAYABLE-FOR-SECURITIES]                     4,907,054
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      169,900
[TOTAL-LIABILITIES]                          5,076,954
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   160,370,796
[SHARES-COMMON-STOCK]                       12,682,454
[SHARES-COMMON-PRIOR]                       12,594,215
[ACCUMULATED-NII-CURRENT]                    6,032,308
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     10,907,773
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    46,559,403
[NET-ASSETS]                               223,870,280
[DIVIDEND-INCOME]                            2,263,576
[INTEREST-INCOME]                            5,078,799
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,307,330
[NET-INVESTMENT-INCOME]                      6,035,045
[REALIZED-GAINS-CURRENT]                    12,928,663
[APPREC-INCREASE-CURRENT]                   20,882,409
[NET-CHANGE-FROM-OPS]                       39,846,117
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,469,979
[DISTRIBUTIONS-OF-GAINS]                     4,813,889
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        430,658
[NUMBER-OF-SHARES-REDEEMED]                    707,124
[SHARES-REINVESTED]                            364,705
[NET-CHANGE-IN-ASSETS]                      35,259,799
[ACCUMULATED-NII-PRIOR]                        689,249
[ACCUMULATED-GAINS-PRIOR]                    3,570,992
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,035,501
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,307,330
[AVERAGE-NET-ASSETS]                       207,235,204
[PER-SHARE-NAV-BEGIN]                            14.98
[PER-SHARE-NII]                                  00.48
[PER-SHARE-GAIN-APPREC]                          02.70
[PER-SHARE-DIVIDEND]                             00.12
[PER-SHARE-DISTRIBUTIONS]                        00.39
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.65
[EXPENSE-RATIO]                                  00.63
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>