[ARTICLE] 6
[CIK] 0000706453
[NAME] MANAGED ASSETS TRUST
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               JUN-30-1998
[INVESTMENTS-AT-COST]                      191,192,091
[INVESTMENTS-AT-VALUE]                     252,859,914
[RECEIVABLES]                               10,241,382
[ASSETS-OTHER]                                 200,290
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             263,301,586
[PAYABLE-FOR-SECURITIES]                     9,063,708
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      194,350
[TOTAL-LIABILITIES]                          9,258,058
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   178,883,201
[SHARES-COMMON-STOCK]                       13,686,204
[SHARES-COMMON-PRIOR]                       12,682,454
[ACCUMULATED-NII-CURRENT]                    2,795,001
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     10,806,092
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    61,559,234
[NET-ASSETS]                               254,043,528
[DIVIDEND-INCOME]                            1,218,557
[INTEREST-INCOME]                            2,336,868
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 761,669
[NET-INVESTMENT-INCOME]                      2,793,756
[REALIZED-GAINS-CURRENT]                    10,931,032
[APPREC-INCREASE-CURRENT]                   14,999,831
[NET-CHANGE-FROM-OPS]                       28,724,619
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    6,013,063
[DISTRIBUTIONS-OF-GAINS]                    11,032,713
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        381,050
[NUMBER-OF-SHARES-REDEEMED]                    299,168
[SHARES-REINVESTED]                            921,868
[NET-CHANGE-IN-ASSETS]                      30,173,248
[ACCUMULATED-NII-PRIOR]                      6,032,308
[ACCUMULATED-GAINS-PRIOR]                   10,907,773
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          597,471
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                761,669
[AVERAGE-NET-ASSETS]                       241,135,590
[PER-SHARE-NAV-BEGIN]                            17.65
[PER-SHARE-NII]                                  00.20
[PER-SHARE-GAIN-APPREC]                          02.05
[PER-SHARE-DIVIDEND]                             00.47
[PER-SHARE-DISTRIBUTIONS]                        00.87
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              18.56
[EXPENSE-RATIO]                                  00.64
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>