WRIGHT MANAGED EQUITY TRUST
NSAR-B, 1998-02-24
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<PAGE>      PAGE  1
000 B000000 12/31/97
000 C000000 703499
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 WRIGHT MANAGED EQUITY TRUST
001 B000000 811-3489
001 C000000 6174828260
002 A000000 24 FEDERAL ST.
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  4
007 C010100  1
007 C020100 WRIGHT MAJOR BLUE CHIP EQUITIES FUND
007 C030100 N
007 C010200  2
007 C020200 WRIGHT SELECTED BLUE CHIP EQUITIES FUND
007 C030200 N
007 C010300  3
007 C020300 WRIGHT JUNIOR BLUE CHIP EQUITIES FUND
007 C030300 N
007 C010400  4
007 C020400 WRIGHT INTERNATIONAL BLUE CHIP EQUITIES FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
008 A00AA01 WRIGHT INVESTORS' SERVICE
008 B00AA01 A
008 C00AA01 801-02501
008 D01AA01 BRIDGEPORT
008 D02AA01 CT
008 D03AA01 06604
010 A00AA01 EATON VANCE MANAGEMENT
010 B00AA01 801-15930
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
<PAGE>      PAGE  2
011 A00AA01 WRIGHT INVESTORS' SERVICE DISTRIBUTORS, INC.
011 B00AA01 8-29579
011 C01AA01 BRIDGEPORT
011 C02AA01 CT
011 C03AA01 06604
012 A00AA01 FIRST DATA INVESTORS SERVICES GROUP, INC.
012 B00AA01 85-401761
012 C01AA01 WESTBOROUGH
012 C02AA01 MA
012 C03AA01 01581
012 C04AA01 5123
013 A00AA01 DELOITTE & TOUCHE L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02110
014 A00AA01 WRIGHT INVESTORS' SERVICE DISTRIBUTORS, INC.
014 B00AA01 8-29579
015 A00AA01 INVESTORS BANK & TRUST
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02116
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   30
019 C00AA00 WRIGHTFUND
020 A000001 SMITH BARNEY HARRIS UPHAM
020 B000001 13-1912900
020 C000001     51
020 A000002 CANTOR FITZGERLAD & CO INC
020 B000002 95-1786286
020 C000002     43
020 A000003 JEFFERIES & CO INC
020 B000003 95-2622900
020 C000003     31
020 A000004 EDWARDS (AG) & SONS
020 B000004 43-0895447
020 C000004     24
020 A000005 JONES & ASSOCIATES
020 B000005 95-3583143
020 C000005     20
020 A000006 J BYRNE
020 C000006     19
020 A000007 DEAN WITTER REYNOLDS
020 B000007 94-1671384
020 C000007     14
020 A000008 ROBERT FLEMING & SON
020 B000008 13-3298866
020 C000008      6
020 A000009 BEAR STEARNS & CO INC
<PAGE>      PAGE  3
020 B000009 13-3299429
020 C000009      6
020 A000010 IBES INC
020 C000010      5
021  000000      239
022 A000001 AMERICAN EXPRESS CREDIT CORP
022 B000001 C/P
022 C000001    950640
022 D000001         0
022 A000002 WRIGHT INTERNATIONAL BLUE CHIP EQUITIES PORT.
022 C000002     88485
022 D000002    118682
022 A000003 WRIGHT SELECTED BLUE CHIP EQUITIES PORTFOLIO
022 C000003     29269
022 D000003     32813
022 A000004 GE CAPITAL CORP
022 C000004     43705
022 D000004         0
022 A000005 WRIGHT JUNIOR BLUE CHIP EQUITIES PORTFOLIO
022 C000005     20936
022 D000005     17955
022 A000006 CURRENCY TRANSACTIONS
022 C000006      7610
022 D000006     20813
022 A000007 JONES & ASSOCIATES
022 B000007 95-3583143
022 C000007      6990
022 D000007      8155
022 A000008 BANK OF BOSTON
022 C000008     12890
022 D000008         0
022 A000009 FIRST NATIONAL BANK OF CHICAGO
022 C000009      5893
022 D000009       101
022 A000010 SMITH BARNEY
022 B000010 13-1912900
022 C000010      1167
022 D000010      3860
023 C000000    1170775
023 D000000     212394
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<PAGE>      PAGE  4
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054 F00AA00 N
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054 H00AA00 Y
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<PAGE>      PAGE  5
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080 B00AA00 NATIONAL UNION FIRE INSURANCE CO
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
050  000100 N
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070 J020100 N
070 K010100 N
070 K020100 N
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070 M010100 N
<PAGE>      PAGE  8
070 M020100 N
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<PAGE>      PAGE  9
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<PAGE>      PAGE  10
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049  000200 N
050  000200 N
051  000200 N
052  000200 N
053 A000200 N
055 A000200 N
055 B000200 N
056  000200 Y
057  000200 N
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059  000200 Y
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<PAGE>      PAGE  11
061  000200     1000
066 A000200 N
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
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070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 Y
070 L010200 N
070 L020200 N
070 M010200 N
070 M020200 N
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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056  000300 Y
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067  000300 N
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
049  000400 N
050  000400 N
051  000400 N
052  000400 N
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<PAGE>      PAGE  19
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072CC020400    12234
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073 C000400   0.0000
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074 B000400        0
074 C000400        0
074 D000400        0
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<PAGE>      PAGE  20
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074 H000400        0
074 I000400   257046
074 J000400        0
074 K000400        0
074 L000400      829
074 M000400        0
074 N000400   257875
074 O000400        0
074 P000400        0
074 Q000400        0
074 R010400        0
074 R020400        0
074 R030400        0
074 R040400       83
074 S000400        0
074 T000400   257792
074 U010400    13274
074 U020400     4937
074 V010400    16.02
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074 W000400   0.0000
074 X000400     1564
074 Y000400        0
075 A000400        0
075 B000400   279167
076  000400     0.00
SIGNATURE   WILLIAM J. AUSTIN, JR.                       
TITLE       ASST. TREASURER     
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703499
<NAME> WRIGHT MANAGED EQUITY TRUST
<SERIES>
   <NUMBER> 1
   <NAME> WRIGHT MAJOR BLUE CHIP EQUITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       20,894,391
<INVESTMENTS-AT-VALUE>                      27,192,219
<RECEIVABLES>                                  547,969
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                             2,462
<TOTAL-ASSETS>                              27,742,650
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       21,904
<TOTAL-LIABILITIES>                             21,904
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    20,405,370
<SHARES-COMMON-STOCK>                        2,305,856
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    (195,049)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,212,597
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     6,297,828
<NET-ASSETS>                                27,720,746
<DIVIDEND-INCOME>                              419,351
<INTEREST-INCOME>                               28,622
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 272,180
<NET-INVESTMENT-INCOME>                        175,793
<REALIZED-GAINS-CURRENT>                     5,026,612
<APPREC-INCREASE-CURRENT>                    2,153,640
<NET-CHANGE-FROM-OPS>                        7,356,045
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      164,977
<DISTRIBUTIONS-OF-GAINS>                     7,725,348
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        432,179
<NUMBER-OF-SHARES-REDEEMED>                    847,964
<SHARES-REINVESTED>                            648,550
<NET-CHANGE-IN-ASSETS>                       1,905,631
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                371,323
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<PER-SHARE-NII>                                  0.100
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   1.08
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703499
<NAME> WRIGHT MANAGED EQUITY TRUST
<SERIES>
   <NUMBER> 2
   <NAME> WRIGHT SELECTED BLUE CHIP EQUITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      183,542,015
<INVESTMENTS-AT-VALUE>                     259,492,119
<RECEIVABLES>                                   18,770
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             259,510,889
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      100,021
<TOTAL-LIABILITIES>                            100,021
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   181,656,740
<SHARES-COMMON-STOCK>                       13,511,126
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      927,887
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        876,137
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    75,950,104
<NET-ASSETS>                               259,410,868
<DIVIDEND-INCOME>                            3,983,307
<INTEREST-INCOME>                              240,247
<OTHER-INCOME>                             (1,069,986)
<EXPENSES-NET>                               1,421,899
<NET-INVESTMENT-INCOME>                      1,731,669
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<APPREC-INCREASE-CURRENT>                   35,733,719
<NET-CHANGE-FROM-OPS>                       65,344,811
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,728,176
<DISTRIBUTIONS-OF-GAINS>                    43,658,676
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,295,567
<NUMBER-OF-SHARES-REDEEMED>                  2,586,053
<SHARES-REINVESTED>                          2,057,801
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,421,899
<AVERAGE-NET-ASSETS>                       230,974,640
<PER-SHARE-NAV-BEGIN>                            17.73
<PER-SHARE-NII>                                  0.133
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<PER-SHARE-DIVIDEND>                           (0.145)
<PER-SHARE-DISTRIBUTIONS>                      (3.690)
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<PER-SHARE-NAV-END>                              19.20
<EXPENSE-RATIO>                                   1.08
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703499
<NAME> WRIGHT MANAGED EQUITY TRUST
<SERIES>
   <NUMBER> 3
   <NAME> WRIGHT JUNIOR BLUE CHIP EQUITIES FUND
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       30,002,021
<INVESTMENTS-AT-VALUE>                      33,489,338
<RECEIVABLES>                                   18,417
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<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              33,507,755
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       18,021
<TOTAL-LIABILITIES>                             18,021
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    30,138,731
<SHARES-COMMON-STOCK>                        3,195,403
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    (378,344)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        242,030
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     3,487,317
<NET-ASSETS>                                33,489,734
<DIVIDEND-INCOME>                              234,332
<INTEREST-INCOME>                               36,040
<OTHER-INCOME>                                  61,112
<EXPENSES-NET>                                 145,360
<NET-INVESTMENT-INCOME>                         63,900
<REALIZED-GAINS-CURRENT>                     2,787,813
<APPREC-INCREASE-CURRENT>                      547,419
<NET-CHANGE-FROM-OPS>                        3,399,132
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       56,986
<DISTRIBUTIONS-OF-GAINS>                     2,548,114
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      2,059,302
<NUMBER-OF-SHARES-REDEEMED>                    649,566
<SHARES-REINVESTED>                            202,275
<NET-CHANGE-IN-ASSETS>                      19,461,034
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           24,483
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                183,640
<AVERAGE-NET-ASSETS>                        18,060,749
<PER-SHARE-NAV-BEGIN>                             8.86
<PER-SHARE-NII>                                  0.160
<PER-SHARE-GAIN-APPREC>                          2.380
<PER-SHARE-DIVIDEND>                           (0.035)
<PER-SHARE-DISTRIBUTIONS>                      (0.885)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.48
<EXPENSE-RATIO>                                   1.18
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703499
<NAME> WRIGHT MANAGED EQUITY TRUST
<SERIES>
   <NUMBER> 4
   <NAME> WRIGHT INTl. BLUE CHIP EQUITIES FUND-STANDARD SHS.
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      204,018,416
<INVESTMENTS-AT-VALUE>                     257,046,609
<RECEIVABLES>                                  828,779
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             257,875,388
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       83,340
<TOTAL-LIABILITIES>                             83,340
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   205,665,223
<SHARES-COMMON-STOCK>                       13,273,865
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    1,086,985
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,163,776
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    53,028,193
<NET-ASSETS>                               212,697,647
<DIVIDEND-INCOME>                            6,196,687
<INTEREST-INCOME>                              325,110
<OTHER-INCOME>                             (2,407,586)
<EXPENSES-NET>                               1,950,329
<NET-INVESTMENT-INCOME>                      2,163,882
<REALIZED-GAINS-CURRENT>                    15,148,710
<APPREC-INCREASE-CURRENT>                   12,233,865
<NET-CHANGE-FROM-OPS>                        5,078,727
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,527,735
<DISTRIBUTIONS-OF-GAINS>                    15,430,128
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      6,878,669
<NUMBER-OF-SHARES-REDEEMED>                 10,434,522
<SHARES-REINVESTED>                            726,800
<NET-CHANGE-IN-ASSETS>                    (50,302,381)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          716,225
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,950,329
<AVERAGE-NET-ASSETS>                       259,089,206
<PER-SHARE-NAV-BEGIN>                            16.69
<PER-SHARE-NII>                                  0.266
<PER-SHARE-GAIN-APPREC>                        (0.033)
<PER-SHARE-DIVIDEND>                           (0.163)
<PER-SHARE-DISTRIBUTIONS>                      (0.740)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              16.02
<EXPENSE-RATIO>                                   1.31
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000703499
<NAME> WRIGHT MANAGED EQUITY TRUST
<SERIES>
   <NUMBER> 4
   <NAME> WRIGHT INTL. BLUE CHIP EQUITEIS FUND - INSTITUTIONAL SHS.
       
<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                      204,018,416
<INVESTMENTS-AT-VALUE>                     257,046,609
<RECEIVABLES>                                  828,779
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             257,875,388
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       83,340
<TOTAL-LIABILITIES>                             83,340
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   205,665,223
<SHARES-COMMON-STOCK>                        4,936,568
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    1,086,985
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      1,163,776
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    53,028,193
<NET-ASSETS>                                45,094,401
<DIVIDEND-INCOME>                            6,196,687
<INTEREST-INCOME>                              325,110
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,950,329
<NET-INVESTMENT-INCOME>                      2,163,882
<REALIZED-GAINS-CURRENT>                    15,148,710
<APPREC-INCREASE-CURRENT>                   12,233,865
<NET-CHANGE-FROM-OPS>                        5,078,727
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                     1,107,228
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,814,034
<NUMBER-OF-SHARES-REDEEMED>                         82
<SHARES-REINVESTED>                            122,616
<NET-CHANGE-IN-ASSETS>                      49,157,706
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          716,225
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,950,329
<AVERAGE-NET-ASSETS>                        41,170,078
<PER-SHARE-NAV-BEGIN>                            10.00
<PER-SHARE-NII>                                  0.006
<PER-SHARE-GAIN-APPREC>                        (0.640)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                      (0.230)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               9.13
<EXPENSE-RATIO>                                   0.16
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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