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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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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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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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072 E000600 0
072 F000600 0
072 G000600 5
072 H000600 0
072 I000600 0
072 J000600 5
072 K000600 0
072 L000600 12
072 M000600 0
072 N000600 0
072 O000600 1
072 P000600 0
072 Q000600 0
072 R000600 0
072 S000600 0
072 T000600 0
072 U000600 2
072 V000600 0
<PAGE> PAGE 22
072 W000600 17
072 X000600 42
072 Y000600 29
072 Z000600 65
072AA000600 0
072BB000600 52
072CC010600 0
072CC020600 77
072DD010600 84
072DD020600 0
072EE000600 8
073 A010600 0.3900
073 A020600 0.0000
073 B000600 0.0400
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 2888
074 J000600 0
074 K000600 2
074 L000600 2
074 M000600 8
074 N000600 2900
074 O000600 0
074 P000600 1
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 70
074 S000600 0
074 T000600 2829
074 U010600 277
074 U020600 0
074 V010600 10.20
074 V020600 0.00
074 W000600 0.0000
074 X000600 2
074 Y000600 0
075 A000600 2423
075 B000600 0
076 000600 0.00
SIGNATURE RICK RUSSELL
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Liquid Asset Portfolio Semi Annual Report and is qualified in its entirety
by reference to such document.
</LEGEND>
<CIK> 0000736913
<NAME> NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST
<SERIES>
<NUMBER> 01
<NAME> LIQUID ASSET PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 13,592
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 13,592
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 218
<TOTAL-LIABILITIES> 218
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13,375
<SHARES-COMMON-STOCK> 13,375
<SHARES-COMMON-PRIOR> 31,880
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 13,374
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 454
<OTHER-INCOME> 0
<EXPENSES-NET> (84)
<NET-INVESTMENT-INCOME> 370
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 370
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (370)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,263
<NUMBER-OF-SHARES-REDEEMED> (20,219)
<SHARES-REINVESTED> 451
<NET-CHANGE-IN-ASSETS> (18,506)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 84
<AVERAGE-NET-ASSETS> 16,864
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 1.01<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Growth Portfolio Semi Annual Report and is qualified in its entirety by
reference to such document.
</LEGEND>
<CIK> 0000736913
<NAME> NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST
<SERIES>
<NUMBER> 02
<NAME> GROWTH PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 595,861
<RECEIVABLES> 618
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 596,479
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,888
<TOTAL-LIABILITIES> 2,888
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 481,037
<SHARES-COMMON-STOCK> 23,761
<SHARES-COMMON-PRIOR> 20,798
<ACCUMULATED-NII-CURRENT> (852)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 38,433
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 74,973
<NET-ASSETS> 593,591
<DIVIDEND-INCOME> 1,776
<INTEREST-INCOME> 130
<OTHER-INCOME> 0
<EXPENSES-NET> (2,682)
<NET-INVESTMENT-INCOME> (776)
<REALIZED-GAINS-CURRENT> 38,897
<APPREC-INCREASE-CURRENT> (7,431)
<NET-CHANGE-FROM-OPS> 30,689
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (209)
<DISTRIBUTIONS-OF-GAINS> (48,773)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,767
<NUMBER-OF-SHARES-REDEEMED> (3,779)
<SHARES-REINVESTED> 1,976
<NET-CHANGE-IN-ASSETS> 55,769
<ACCUMULATED-NII-PRIOR> 132
<ACCUMULATED-GAINS-PRIOR> 48,309
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,682
<AVERAGE-NET-ASSETS> 581,211
<PER-SHARE-NAV-BEGIN> 25.86
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 1.50
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (2.34)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 24.98
<EXPENSE-RATIO> .93<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Limited Maturity Bond Portfolio Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000736913
<NAME> NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST
<SERIES>
<NUMBER> 03
<NAME> LIMITED MATURITY BOND PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 247,653
<RECEIVABLES> 329
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 247,982
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 865
<TOTAL-LIABILITIES> 865
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 250,734
<SHARES-COMMON-STOCK> 18,287
<SHARES-COMMON-PRIOR> 16,244
<ACCUMULATED-NII-CURRENT> 7,082
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6,475)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,224)
<NET-ASSETS> 247,117
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,143
<OTHER-INCOME> 0
<EXPENSES-NET> (948)
<NET-INVESTMENT-INCOME> 7,195
<REALIZED-GAINS-CURRENT> 481
<APPREC-INCREASE-CURRENT> (6,827)
<NET-CHANGE-FROM-OPS> 849
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (20,590)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,906
<NUMBER-OF-SHARES-REDEEMED> (2,392)
<SHARES-REINVESTED> 1,529
<NET-CHANGE-IN-ASSETS> 8,219
<ACCUMULATED-NII-PRIOR> 20,477
<ACCUMULATED-GAINS-PRIOR> (6,956)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 948
<AVERAGE-NET-ASSETS> 245,038
<PER-SHARE-NAV-BEGIN> 14.71
<PER-SHARE-NII> .49
<PER-SHARE-GAIN-APPREC> (.45)
<PER-SHARE-DIVIDEND> (1.24)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.51
<EXPENSE-RATIO> .78<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This article contains summary financial information extracted from the
Balanced Portfolio Semi Annual Report and is qualified in its entirety
by reference to such document.
</LEGEND>
<CIK> 0000736913
<NAME> NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST
<SERIES>
<NUMBER> 04
<NAME> BALANCED PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 171,342
<RECEIVABLES> 92
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 171,434
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 543
<TOTAL-LIABILITIES> 543
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 152,152
<SHARES-COMMON-STOCK> 11,131
<SHARES-COMMON-PRIOR> 8,244
<ACCUMULATED-NII-CURRENT> 1,484
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,158
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,097
<NET-ASSETS> 170,891
<DIVIDEND-INCOME> 314
<INTEREST-INCOME> 2,051
<OTHER-INCOME> 0
<EXPENSES-NET> (873)
<NET-INVESTMENT-INCOME> 1,492
<REALIZED-GAINS-CURRENT> 7,337
<APPREC-INCREASE-CURRENT> (4,030)
<NET-CHANGE-FROM-OPS> 4,799
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,828)
<DISTRIBUTIONS-OF-GAINS> (21,284)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,861
<NUMBER-OF-SHARES-REDEEMED> (620)
<SHARES-REINVESTED> 1,646
<NET-CHANGE-IN-ASSETS> 26,470
<ACCUMULATED-NII-PRIOR> 3,819
<ACCUMULATED-GAINS-PRIOR> 21,105
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 873
<AVERAGE-NET-ASSETS> 166,752
<PER-SHARE-NAV-BEGIN> 17.52
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> .33
<PER-SHARE-DIVIDEND> (.41)
<PER-SHARE-DISTRIBUTIONS> (2.28)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.35
<EXPENSE-RATIO> 1.05<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Partners Portfolio Semi Annual Report and is qualified in its entirety
by reference to such document.
</LEGEND>
<CIK> 0000736913
<NAME> NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST
<SERIES>
<NUMBER> 05
<NAME> PARTNERS PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 379,925
<RECEIVABLES> 2,328
<ASSETS-OTHER> 8
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 382,261
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 618
<TOTAL-LIABILITIES> 618
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 345,495
<SHARES-COMMON-STOCK> 26,710
<SHARES-COMMON-PRIOR> 15,687
<ACCUMULATED-NII-CURRENT> 917
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 22,495
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,736
<NET-ASSETS> 381,643
<DIVIDEND-INCOME> 2,026
<INTEREST-INCOME> 487
<OTHER-INCOME> 0
<EXPENSES-NET> (1,443)
<NET-INVESTMENT-INCOME> 1,070
<REALIZED-GAINS-CURRENT> 22,689
<APPREC-INCREASE-CURRENT> 6,820
<NET-CHANGE-FROM-OPS> 30,579
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (754)
<DISTRIBUTIONS-OF-GAINS> (9,425)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,119
<NUMBER-OF-SHARES-REDEEMED> (3,854)
<SHARES-REINVESTED> 758
<NET-CHANGE-IN-ASSETS> 174,101
<ACCUMULATED-NII-PRIOR> 600
<ACCUMULATED-GAINS-PRIOR> 9,230
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,443
<AVERAGE-NET-ASSETS> 301,555
<PER-SHARE-NAV-BEGIN> 13.23
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 1.55
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> (.50)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.29
<EXPENSE-RATIO> .96<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Government Income Portfolio Semi Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000736913
<NAME> NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST
<SERIES>
<NUMBER> 06
<NAME> GOVERNMENT INCOME PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 2,888
<RECEIVABLES> 4
<ASSETS-OTHER> 8
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,900
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 71
<TOTAL-LIABILITIES> 71
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,843
<SHARES-COMMON-STOCK> 277
<SHARES-COMMON-PRIOR> 201
<ACCUMULATED-NII-CURRENT> 65
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (53)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (26)
<NET-ASSETS> 2,829
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 78
<OTHER-INCOME> 0
<EXPENSES-NET> (12)
<NET-INVESTMENT-INCOME> 66
<REALIZED-GAINS-CURRENT> (52)
<APPREC-INCREASE-CURRENT> (77)
<NET-CHANGE-FROM-OPS> (63)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (84)
<DISTRIBUTIONS-OF-GAINS> (8)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 81
<NUMBER-OF-SHARES-REDEEMED> (14)
<SHARES-REINVESTED> 9
<NET-CHANGE-IN-ASSETS> 637
<ACCUMULATED-NII-PRIOR> 83
<ACCUMULATED-GAINS-PRIOR> 7
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 41
<AVERAGE-NET-ASSETS> 2,423
<PER-SHARE-NAV-BEGIN> 10.93
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> (.61)
<PER-SHARE-DIVIDEND> (.39)
<PER-SHARE-DISTRIBUTIONS> (.04)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.20
<EXPENSE-RATIO> 1.06<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
