<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Guardian Portfolio Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000910055
<NAME> EQUITY MANAGERS TRUST
<SERIES>
<NUMBER> 01
<NAME> NEUBERGER BERMAN GUARDIAN PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 3,091,259
<INVESTMENTS-AT-VALUE> 3,887,240
<RECEIVABLES> 136,218
<ASSETS-OTHER> 65
<OTHER-ITEMS-ASSETS> 1
<TOTAL-ASSETS> 4,023,524
<PAYABLE-FOR-SECURITIES> 77,540
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 106,105
<TOTAL-LIABILITIES> 183,645
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,037,228
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 802,651
<NET-ASSETS> 3,839,879
<DIVIDEND-INCOME> 46,720
<INTEREST-INCOME> 13,511
<OTHER-INCOME> 0
<EXPENSES-NET> (19,091)
<NET-INVESTMENT-INCOME> 41,140
<REALIZED-GAINS-CURRENT> 362,298
<APPREC-INCREASE-CURRENT> 221,730
<NET-CHANGE-FROM-OPS> 625,168
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (883,841)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 18,304
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 19,091
<AVERAGE-NET-ASSETS> 4,071,541
<PER-SHARE-NAV-BEGIN> 0
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 0
<EXPENSE-RATIO> .47
</TABLE>
