<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-31-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 790,344
<INVESTMENTS-AT-VALUE> 845,373
<RECEIVABLES> 16,422
<ASSETS-OTHER> 30
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 861,825
<PAYABLE-FOR-SECURITIES> 15,031
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 17,789
<TOTAL-LIABILITIES> 32,820
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 736,006
<SHARES-COMMON-STOCK> 51,926
<SHARES-COMMON-PRIOR> 50,383
<ACCUMULATED-NII-CURRENT> 2,118
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 35,852
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 55,029
<NET-ASSETS> 829,005
<DIVIDEND-INCOME> 5,454
<INTEREST-INCOME> 885
<OTHER-INCOME> 0
<EXPENSES-NET> (3,851)
<NET-INVESTMENT-INCOME> 2,488
<REALIZED-GAINS-CURRENT> 42,014
<APPREC-INCREASE-CURRENT> (53,707)
<NET-CHANGE-FROM-OPS> (9,205)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,099)
<DISTRIBUTIONS-OF-GAINS> (150,969)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,411
<NUMBER-OF-SHARES-REDEEMED> (16,427)
<SHARES-REINVESTED> 10,559
<NET-CHANGE-IN-ASSETS> (160,492)
<ACCUMULATED-NII-PRIOR> 6,729
<ACCUMULATED-GAINS-PRIOR> 144,807
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,279
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,851
<AVERAGE-NET-ASSETS> 884,785
<PER-SHARE-NAV-BEGIN> 19.64
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> (.38)
<PER-SHARE-DIVIDEND> (.15)
<PER-SHARE-DISTRIBUTIONS> (3.19)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.97
<EXPENSE-RATIO> .88<F1>
<FN>
<F1> Annualized
</FN>
</TABLE>
