<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000895523
<NAME> MANAGED HIGH INCOME PORTFOLIO
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> FEB-29-2000
<PERIOD-END> FEB-29-2000
<INVESTMENTS-AT-COST> 446,321,691
<INVESTMENTS-AT-VALUE> 429,286,946
<RECEIVABLES> 10,237,568
<ASSETS-OTHER> 872
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 439,525,386
<PAYABLE-FOR-SECURITIES> 2,811,371
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,692,656
<TOTAL-LIABILITIES> 4,504,027
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 520,055,404
<SHARES-COMMON-STOCK> 43,432,103
<SHARES-COMMON-PRIOR> 44,236,103
<ACCUMULATED-NII-CURRENT> 229,710
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (69,293,985)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (15,969,770)
<NET-ASSETS> 435,021,359
<DIVIDEND-INCOME> 476,063
<INTEREST-INCOME> 48,680,670
<OTHER-INCOME> 0
<EXPENSES-NET> 5,232,367
<NET-INVESTMENT-INCOME> 43,924,366
<REALIZED-GAINS-CURRENT> (37,972,107)
<APPREC-INCREASE-CURRENT> 4,694,224
<NET-CHANGE-FROM-OPS> 10,646,483
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 43,409,984
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (39,610,052)
<ACCUMULATED-NII-PRIOR> (755,015)
<ACCUMULATED-GAINS-PRIOR> (30,851,535)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5,066,527
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,399,839
<AVERAGE-NET-ASSETS> 456,633,000
<PER-SHARE-NAV-BEGIN> 10.73
<PER-SHARE-NII> 1.00
<PER-SHARE-GAIN-APPREC> (0.73)
<PER-SHARE-DIVIDEND> 0.98
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.02
<EXPENSE-RATIO> 1.15
</TABLE>
