<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule 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-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 148,666
<INVESTMENTS-AT-VALUE> 180,222
<RECEIVABLES> 2,468
<ASSETS-OTHER> 10
<OTHER-ITEMS-ASSETS> 3
<TOTAL-ASSETS> 182,703
<PAYABLE-FOR-SECURITIES> 1,565
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,392
<TOTAL-LIABILITIES> 9,957
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 105,544
<SHARES-COMMON-STOCK> 8,649
<SHARES-COMMON-PRIOR> 7,912
<ACCUMULATED-NII-CURRENT> 1,136
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,510
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 31,556
<NET-ASSETS> 172,746
<DIVIDEND-INCOME> 27
<INTEREST-INCOME> 1,971
<OTHER-INCOME> 0
<EXPENSES-NET> (844)
<NET-INVESTMENT-INCOME> 1,154
<REALIZED-GAINS-CURRENT> 35,040
<APPREC-INCREASE-CURRENT> (22,050)
<NET-CHANGE-FROM-OPS> 14,144
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,682)
<DISTRIBUTIONS-OF-GAINS> (21,237)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,368
<NUMBER-OF-SHARES-REDEEMED> (1,747)
<SHARES-REINVESTED> 1,116
<NET-CHANGE-IN-ASSETS> 7,427
<ACCUMULATED-NII-PRIOR> 2,664
<ACCUMULATED-GAINS-PRIOR> 20,707
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 455
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 844
<AVERAGE-NET-ASSETS> 166,149
<PER-SHARE-NAV-BEGIN> 20.89
<PER-SHARE-NII> .14
<PER-SHARE-GAIN-APPREC> 2.24
<PER-SHARE-DIVIDEND> (.37)
<PER-SHARE-DISTRIBUTIONS> (2.93)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.97
<EXPENSE-RATIO> 1.02<F1>
<FN>
<F1> Annualized
</FN>
</TABLE>
