<PAGE> PAGE 1
000 A000000 02/28/97
000 C000000 0000922246
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 GLOBAL MANAGERS TRUST
001 B000000 811-8422
001 C000000 2124768800
002 A000000 605 THIRD AVENUE, 2ND FLOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10158
002 D020000 0180
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 1
007 C010100 1
007 C020100 NEUBERGER&BERMAN INTERNATIONAL PORTFOLIO
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
020 A000001 SOCIETE GENERALE SECURITIES CORPORATION
020 B000001 13-1976032
020 C000001 18
020 A000002 DRESDNER KLEINWORT BENSON NORTH AMERICA LLC
020 B000002 13-3894311
020 C000002 15
<PAGE> PAGE 2
020 A000003 ALFRED BERG, INC.
020 B000003 13-3629590
020 C000003 15
020 A000004 SOCGEN-CROSBY SECURITIES INC.
020 B000004 13-3662493
020 C000004 13
020 A000005 GOLDMAN, SACHS & CO.
020 B000005 13-5108880
020 C000005 9
020 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
020 B000006 13-5674085
020 C000006 5
020 A000007 ING BARING (U.S.) SECURITIES, INC.
020 B000007 04-2455153
020 C000007 4
020 A000008 NEUBERGER&BERMAN LLC
020 B000008 13-5521910
020 C000008 3
020 A000009 SCHRODER WERTHEIM & CO. INC.
020 B000009 13-2697272
020 C000009 2
020 A000010 SBC WARBURG INC.
020 B000010 13-3340045
020 C000010 2
021 000000 104
022 A000001 STATE STREET BANK & TRUST COMPANY, N.A.
022 B000001 04-1867445
022 C000001 51510
022 D000001 0
022 A000002 HSBC SECURITIES, INC.
022 B000002 13-2650272
022 C000002 26176
022 D000002 15862
022 A000003 GOLDMAN, SACHS & CORPORATED
022 B000003 13-5108880
022 C000003 1539
022 D000003 408
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004 1245
022 D000004 300
022 A000005 SMITH BARNEY INC.
022 B000005 13-1912900
022 C000005 632
022 D000005 0
022 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000006 13-2741729
022 C000006 78
022 D000006 451
022 A000007 MORGAN STANLEY & CO. INCORPORATED
022 B000007 13-2655998
<PAGE> PAGE 3
022 C000007 519
022 D000007 0
022 A000008 UBS SECURITIES LLC
022 B000008 13-3873456
022 C000008 306
022 D000008 109
022 A000009 DRESDNER KLEINWORT BENSON NORTH AMERICA LLC
022 B000009 13-3894311
022 C000009 315
022 D000009 0
022 A000010 ALFRED BERG, INC.
022 B000010 13-3629590
022 C000010 316
022 D000010 0
023 C000000 84001
023 D000000 17846
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
077 A000000 N
078 000000 N
008 A000101 NEUBERGER&BERMAN MANAGEMENT INC.
008 B000101 A
008 C000101 801-8259
008 D010101 NEW YORK
008 D020101 NY
008 D030101 10158
008 D040101 0180
008 A000102 NEUBERGER&BERMAN, LLC
008 B000102 S
008 C000102 801-3908
008 D010102 NEW YORK
008 D020102 NY
008 D030102 10158
008 D040102 3698
011 B000101 8-8422
013 A000101 ERNST & YOUNG LLP
013 B010101 GRAND CAYMAN
013 B050101 CAYMAN ISLANDS
014 A000101 NEUBERGER&BERMAN, LLC
014 B000101 8-1068
014 A000102 NEUBERGER&BERMAN MANAGEMENT INCORPORATED
014 B000102 8-16229
015 A000101 STATE STREET BANK & TRUST COMPANY
<PAGE> PAGE 4
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02110
015 E010101 X
015 A000102 CITIBANK, N.A., ARGENTINA
015 B000102 S
015 C010102 BUENOS AIRES
015 D010102 ARGENTINA
015 D020102 1036
015 E040102 X
015 A000103 WESTPAC BANKING CORP.
015 B000103 S
015 C010103 SYDNEY
015 D010103 AUSTRALIA
015 D020103 2000
015 E040103 X
015 A000104 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
015 B000104 S
015 C010104 VIENNA
015 D010104 AUSTRIA
015 D020104 1011
015 E040104 X
015 A000105 GENERALE BANK
015 B000105 S
015 C010105 BRUSSELS
015 D010105 BELGIUM
015 D020105 1000
015 E040105 X
015 A000106 CITIBANK, N.A., BRAZIL
015 B000106 S
015 C010106 SAO PAULO
015 D010106 BRAZIL
015 D020106 01300
015 E040106 X
015 A000107 CANADA TRUSTCO MORTGAGE COMPANY
015 B000107 S
015 C010107 TORONTO
015 D010107 CANADA
015 D020107 M5J 2T2
015 E040107 X
015 A000108 CITIBANK, N.A., CHILE
015 B000108 S
015 C010108 SANTIAGO
015 D010108 CHILE
015 E040108 X
015 A000109 THE HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000109 S
015 C010109 SHANGHAI
015 D010109 CHINA
015 E040109 X
<PAGE> PAGE 5
015 A000110 CITITRUST COLUMBIA S.A. SOCIEDAD FIDUCARIA
015 B000110 S
015 C010110 SANTAFE DE BOGOTA
015 D010110 COLOMBIA
015 E040110 X
015 A000111 DEN DANSKE BANK
015 B000111 S
015 C010111 COPENHAGEN
015 D010111 DENMARK
015 D020111 DK-1092
015 E040111 X
015 A000112 THE HONG KONG AND SHANGHAI BANKING CORP. LTD
015 B000112 S
015 C010112 MUMBAI
015 D010112 INDIA
015 D020112 400-001
015 E040112 X
015 A000113 BANQUE PARIBAS
015 B000113 S
015 C010113 PARIS
015 D010113 FRANCE
015 D020113 75078
015 E040113 X
015 A000114 DRESDNER BANK AG
015 B000114 S
015 C010114 FRANKFURT
015 D010114 GERMANY
015 D020114 D-6000
015 E040114 X
015 A000115 NATIONAL BANK OF GREECE S.A.
015 B000115 S
015 C010115 ATHENS
015 D010115 GREECE
015 D020115 105 62
015 E040115 X
015 A000116 STANDARD CHARTERED BANK, HONG KONG
015 B000116 S
015 C010116 HONG KONG
015 D010116 HONG KONG
015 E040116 X
015 A000117 CITIBANK BUDAPEST RT.
015 B000117 S
015 C010117 BUDAPEST
015 D010117 HUNGARY
015 E040117 X
015 A000118 DEUTSCHE BANK AG,
015 B000118 S
015 C010118 BOMBAY
015 D010118 INDIA
015 D020118 400-021
015 E040118 X
<PAGE> PAGE 6
015 A000119 STANDARD CHARTERED BANK, JAKARTA
015 B000119 S
015 C010119 JAKARTA
015 D010119 INDONESIA
015 D020119 10350
015 E040119 X
015 A000120 BANK OF IRELAND
015 B000120 S
015 C010120 DUBLIN
015 D010120 IRELAND
015 E040120 X
015 A000121 MORGAN GUARANTY TRUST CO.
015 B000121 S
015 C010121 MILAN
015 D010121 ITALY
015 D020121 20121
015 E040121 X
015 A000122 SUMITOMO TRUST & BANKING COMPANY LTD.
015 B000122 S
015 C010122 TOKYO
015 D010122 JAPAN
015 D020122 103
015 E040122 X
015 A000123 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000123 S
015 C010123 KUALA LUMPUR
015 D010123 MALAYSIA
015 D020123 50450
015 E040123 X
015 A000124 CITIBANK MEXICO, S.A.
015 B000124 S
015 C010124 MEXICO CITY
015 D010124 MEXICO
015 D020124 06695
015 E040124 X
015 A000125 MEES PIERSON N.V.
015 B000125 S
015 C010125 AMSTERDAM
015 D010125 NETHERLANDS
015 D020125 1012 KK
015 E040125 X
015 A000126 ANZ BANKING GROUP(NZ) LTD.
015 B000126 S
015 C010126 WELLINGTON
015 D010126 NEW ZEALAND
015 E040126 X
015 A000127 CHRISTIANIA BANK OG KREDITKASSE
015 B000127 S
015 C010127 OSLO
015 D010127 NORWAY
015 E040127 X
<PAGE> PAGE 7
015 A000128 DEUTSCHE BANK AG
015 B000128 S
015 C010128 KARACHI
015 D010128 PAKISTAN
015 D020128 74000
015 E040128 X
015 A000129 CITIBANK, N.A.
015 B000129 S
015 C010129 LIMA
015 D010129 PERU
015 D020129 27
015 E040129 X
015 A000130 STANDARD CHARTERED BANK, MANILA
015 B000130 S
015 C010130 MANILA
015 D010130 PHILIPPINES
015 E040130 X
015 A000131 CITIBANK POLAND, S.A.
015 B000131 S
015 C010131 WARSAW
015 D010131 POLAND
015 D020131 00-082
015 E040131 X
015 A000132 BANCO COMERCIAL PORTUGUES
015 B000132 S
015 C010132 LISBON
015 D010132 PORTUGAL
015 D020132 1000
015 E040132 X
015 A000133 THE DEVELOPMENT BANK OF SINGAPORE, LTD.
015 B000133 S
015 C010133 SINGAPORE
015 D010133 SINGAPORE
015 D020133 0104
015 E040133 X
015 A000134 SEOULBANK
015 B000134 S
015 C010134 SEOUL
015 D010134 SOUTH KOREA
015 E040134 X
015 A000135 BANCO SANTANDER, S.A.
015 B000135 S
015 C010135 MADRID
015 D010135 SPAIN
015 D020135 28022
015 E040135 X
015 A000136 SKANDINAVISKA ENSKILDA BANKEN
015 B000136 S
015 C010136 STOCKHOLM
015 D010136 SWEDEN
015 E040136 X
<PAGE> PAGE 8
015 A000137 UNION BANK OF SWITZERLAND
015 B000137 S
015 C010137 ZURICH
015 D010137 SWITZERLAND
015 E040137 X
015 A000138 CENTRAL TRUST OF CHINA
015 B000138 S
015 C010138 TAIPEI
015 D010138 TAIWAN
015 D020138 10006
015 E040138 X
015 A000139 STANDARD CHARTERED BANK, BANGKOK
015 B000139 S
015 C010139 BANGKOK
015 D010139 THAILAND
015 D020139 10500
015 E040139 X
015 A000140 CITIBANK, N.A. TURKEY
015 B000140 S
015 C010140 ISTANBUL
015 D010140 TURKEY
015 E040140 X
015 A000141 STATE STREET BANK & TRUST COMPANY
015 B000141 S
015 C010141 LONDON
015 D010141 UNITED KINGDOM
015 D020141 E14 5AF
015 E040141 X
015 A000142 CITIBANK, N.A., VENEZUELA
015 B000142 S
015 C010142 CARACAS
015 D010142 VENEZUELA
015 D020142 1010
015 E040142 X
015 A000143 EUROCLEAR
015 B000143 S
015 C010143 LUXEMBOURG
015 D010143 LUXEMBOURG
015 E040143 X
015 A000144 CEDEL
015 B000144 S
015 C010144 LUXEMBOURG
015 D010144 LUXEMBOURG
015 E040144 X
015 A000145 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000145 S
015 C010145 PRAGUE
015 D010145 CZECH REPUBLIC
015 D020145 11520
015 E040145 X
015 A000146 BANK HAPOALIM B.M.
<PAGE> PAGE 9
015 B000146 S
015 C010146 TEL AVIV
015 D010146 ISRAEL
015 E040146 X
015 A000147 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000147 S
015 C010147 JOHANNESBURG
015 D010147 SOUTH AFRICA
015 D020147 2000
015 E040147 X
015 A000148 BANQUE COMMERCIALE DU MAROC
015 B000148 S
015 C010148 CASABLANCA
015 D010148 MOROCCO
015 E040148 X
015 A000149 STATE STREET BANK LONDON LIMITED
015 B000149 S
015 C010149 LONDON
015 D010149 UNITED KINGDOM
015 D020149 EC4N7B
015 E040149 X
015 A000150 DAIWA BANK LIMITED
015 B000150 S
015 C010150 TOKYO
015 D010150 JAPAN
015 E040150 X
015 A000151 MERITA BANK LIMITED OF FINLAND/HELSINKI MONEY
015 B000151 S
015 C010151 HELSINKI
015 D010151 FINLAND
015 D020151 00500
015 E040151 X
015 A000152 BANQUE PARIBAS
015 B000152 S
015 C010152 MILAN
015 D010152 ITALY
015 E040152 X
015 A000153 THE FUJI BANK, LIMITED
015 B000153 S
015 C010153 TOKYO
015 D010153 JAPAN
015 D020153 103
015 E040153 X
015 A000154 CREDIT SUISSE (MOSCOW) LIMITED
015 B000154 S
015 C010154 MOSCOW
015 D010154 RUSSIA
015 D020154 103009
015 E040154 X
015 A000155 CESKOSLOVENSKA OBCHODN BANK, A.S. (SCP)
015 B000155 S
<PAGE> PAGE 10
015 C010155 BRATISLAVA
015 D010155 SLOVAK REPUBLIC
015 E040155 X
018 000100 Y
019 A000100 Y
019 B000100 55
019 C000100 NEUBBERMAN
024 000100 Y
025 A000101 HSBC SECURITIES, INC.
025 B000101 13-2650272
025 C000101 E
025 D000101 537
025 D000102 0
025 D000103 0
025 D000104 0
025 D000105 0
025 D000106 0
025 D000107 0
025 D000108 0
028 A010100 2352
028 A020100 0
028 A030100 0
028 A040100 538
028 B010100 2221
028 B020100 0
028 B030100 0
028 B040100 308
028 C010100 4285
028 C020100 0
028 C030100 0
028 C040100 1108
028 D010100 4189
028 D020100 0
028 D030100 0
028 D040100 1277
028 E010100 8849
028 E020100 0
028 E030100 0
028 E040100 2480
028 F010100 7383
028 F020100 0
028 F030100 0
028 F040100 557
028 G010100 29279
028 G020100 0
028 G030100 0
028 G040100 6268
028 H000100 0
042 A000100 0
042 B000100 0
042 C000100 0
<PAGE> PAGE 11
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 0
043 000100 0
044 000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 250000
048 A020100 0.850
048 B010100 250000
048 B020100 0.825
048 C010100 250000
048 C020100 0.800
048 D010100 250000
048 D020100 0.775
048 E010100 500000
048 E020100 0.750
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 1500000
048 K020100 0.725
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 B000100 N
053 C000100 N
055 A000100 N
055 B000100 N
056 000100 Y
057 000100 N
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
<PAGE> PAGE 12
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 Y
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 Y
070 R020100 N
071 A000100 29889
071 B000100 8376
071 C000100 66509
071 D000100 13
072 A000100 6
<PAGE> PAGE 13
072 B000100 119
072 C000100 215
072 D000100 0
072 E000100 0
072 F000100 295
072 G000100 0
072 H000100 0
072 I000100 0
072 J000100 79
072 K000100 0
072 L000100 0
072 M000100 6
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 15
072 S000100 16
072 T000100 0
072 U000100 5
072 V000100 0
072 W000100 7
072 X000100 423
072 Y000100 0
072 Z000100 -89
072AA000100 1153
072BB000100 0
072CC010100 10304
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 0
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 16
074 B000100 0
074 C000100 7699
074 D000100 416
074 E000100 2027
074 F000100 82367
074 G000100 0
074 H000100 0
074 I000100 33
074 J000100 0
074 K000100 0
074 L000100 576
074 M000100 28
074 N000100 93162
074 O000100 1585
<PAGE> PAGE 14
074 P000100 57
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 158
074 S000100 0
074 T000100 91362
074 U010100 0
074 U020100 0
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 3
074 Y000100 5408
075 A000100 69946
075 B000100 0
076 000100 0.00
SIGNATURE RICK RUSSELL
TITLE AVP FUND CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Internationl Portfolio Semi Annual Report and is
qualified in its entirety by reference to such document.
</LEGEND>
<CIK> 0000922246
<NAME> GLOBAL MANAGERS TRUST
<SERIES>
<NUMBER> 01
<NAME> NEUBERGER&BERMAN INTERNATIONAL PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 75,768
<INVESTMENTS-AT-VALUE> 92,542
<RECEIVABLES> 576
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 16
<TOTAL-ASSETS> 93,162
<PAYABLE-FOR-SECURITIES> 1,585
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 215
<TOTAL-LIABILITIES> 1,800
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 73,410
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 486
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 518
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,948
<NET-ASSETS> 91,362
<DIVIDEND-INCOME> 215
<INTEREST-INCOME> 119
<OTHER-INCOME> 0
<EXPENSES-NET> (432)
<NET-INVESTMENT-INCOME> (89)
<REALIZED-GAINS-CURRENT> 1,153
<APPREC-INCREASE-CURRENT> 10,304
<NET-CHANGE-FROM-OPS> 11,368
<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> 34,379
<ACCUMULATED-NII-PRIOR> 575
<ACCUMULATED-GAINS-PRIOR> (635)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 295
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 423
<AVERAGE-NET-ASSETS> 69,946
<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> 1.22<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
