[ARTICLE] 6
[CIK] 0000706453
[NAME] MANAGED ASSETS TRUST
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               JUN-30-1997
[INVESTMENTS-AT-COST]                      167,978,548
[INVESTMENTS-AT-VALUE]                     208,442,690
[RECEIVABLES]                                2,076,431
[ASSETS-OTHER]                                     229
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             210,519,350
[PAYABLE-FOR-SECURITIES]                     1,408,138
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      114,889
[TOTAL-LIABILITIES]                          1,523,027
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   156,846,314
[SHARES-COMMON-STOCK]                       12,474,281
[SHARES-COMMON-PRIOR]                       12,594,215
[ACCUMULATED-NII-CURRENT]                    3,725,600
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      7,886,167
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    40,538,242
[NET-ASSETS]                               208,996,323
[DIVIDEND-INCOME]                            1,053,145
[INTEREST-INCOME]                            2,608,814
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 625,608
[NET-INVESTMENT-INCOME]                      3,036,351
[REALIZED-GAINS-CURRENT]                     4,315,175
[APPREC-INCREASE-CURRENT]                   14,861,248
[NET-CHANGE-FROM-OPS]                       22,212,774
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        206,135
[NUMBER-OF-SHARES-REDEEMED]                    326,069
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                      20,385,842
[ACCUMULATED-NII-PRIOR]                        689,249
[ACCUMULATED-GAINS-PRIOR]                    3,570,992
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          486,500
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                625,608
[AVERAGE-NET-ASSETS]                       196,402,457
[PER-SHARE-NAV-BEGIN]                            14.98
[PER-SHARE-NII]                                  00.24
[PER-SHARE-GAIN-APPREC]                          01.53
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              16.75
[EXPENSE-RATIO]                                  00.64
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>