[ARTICLE] 6
[SERIES]
[NUMBER] 2
[NAME] MANAGERS CAPITAL APPRECIATION
[MULTIPLIER] 1000
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-2000
[PERIOD-END] JUN-30-2000
[INVESTMENTS-AT-COST] 320929
[INVESTMENTS-AT-VALUE] 376547
[RECEIVABLES] 5015
[ASSETS-OTHER] 18
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 381580
[PAYABLE-FOR-SECURITIES] 6728
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 12677
[TOTAL-LIABILITIES] 19405
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 280602
[SHARES-COMMON-STOCK] 5925
[SHARES-COMMON-PRIOR] 4066
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1289
[ACCUMULATED-NET-GAINS] 27244
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 55618
[NET-ASSETS] 362175
[DIVIDEND-INCOME] 126
[INTEREST-INCOME] 505
[OTHER-INCOME] 111
[EXPENSES-NET] 2031
[NET-INVESTMENT-INCOME] (1289)
[REALIZED-GAINS-CURRENT] 17691
[APPREC-INCREASE-CURRENT] (30904)
[NET-CHANGE-FROM-OPS] (14502)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 237018
[NUMBER-OF-SHARES-REDEEMED] 108828
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 113688
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 9553
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1326
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2066
[AVERAGE-NET-ASSETS] 333220
[PER-SHARE-NAV-BEGIN] 61.12
[PER-SHARE-NII] (0.22)
[PER-SHARE-GAIN-APPREC] 0.22
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 61.12
[EXPENSE-RATIO] 1.23
</TABLE>
