[ARTICLE] 6
[SERIES]
[NUMBER] 4
[NAME] MANAGERS INCOME EQUITY FUND
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-2000
[PERIOD-END] JUN-30-2000
[INVESTMENTS-AT-COST] 49201
[INVESTMENTS-AT-VALUE] 50254
[RECEIVABLES] 144
[ASSETS-OTHER] 14
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 50412
[PAYABLE-FOR-SECURITIES] 1906
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 88
[TOTAL-LIABILITIES] 1994
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 41995
[SHARES-COMMON-STOCK] 1770
[SHARES-COMMON-PRIOR] 1544
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 9
[ACCUMULATED-NET-GAINS] 5379
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1053
[NET-ASSETS] 48418
[DIVIDEND-INCOME] 353
[INTEREST-INCOME] 62
[OTHER-INCOME] (1)
[EXPENSES-NET] 295
[NET-INVESTMENT-INCOME] 119
[REALIZED-GAINS-CURRENT] 4867
[APPREC-INCREASE-CURRENT] (5138)
[NET-CHANGE-FROM-OPS] (152)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 137
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 15600
[NUMBER-OF-SHARES-REDEEMED] 9501
[SHARES-REINVESTED] 137
[NET-CHANGE-IN-ASSETS] 5947
[ACCUMULATED-NII-PRIOR] 9
[ACCUMULATED-GAINS-PRIOR] 512
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 162
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 308
[AVERAGE-NET-ASSETS] 43507
[PER-SHARE-NAV-BEGIN] 27.50
[PER-SHARE-NII] 0.08
[PER-SHARE-GAIN-APPREC] (0.14)
[PER-SHARE-DIVIDEND] (0.09)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 27.35
[EXPENSE-RATIO] 1.37
</TABLE>
