NEUBERGER BERMAN EQUITY SERIES
N-18F1, 1999-01-05
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                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                  FORM N-18F-1

                Notification of Election Pursuant to Rule 18f-1

                   Under the Investment Company Act of 1940


                         NEUBERGER BERMAN EQUITY SERIES

                            NOTIFICATION OF ELECTION

      The undersigned  registered  open-end investment company, on behalf of the
following series: Neuberger Berman Socially Responsive Assets ("Series"), hereby
notifies the Securities and Exchange Commission that the Series elects to commit
itself to pay in cash all  redemptions by a shareholder of record as provided by
Rule 18f-1 under the Investment  Company Act of 1940. It is understood that this
election is  irrevocable  while such Rule is in effect unless the  Commission by
order upon application permits the withdrawal of this Notification of Election.


                                    SIGNATURE

      Pursuant to the  requirements  of Rule 18f-1 under the Investment  Company
Act of 1940, the Registrant has caused this  Notification of Election to be duly
executed  on its  behalf  in the city  and  state of New York on this 4th day of
January, 1999.

                                    NEUBERGER BERMAN EQUITY SERIES



                                    By:   /s/ MICHAEL WEINER
                                          Michael Weiner
                                          Vice President


Attest:



/S/CLAUDIA A. BRANDON
Claudia A. Brandon
Secretary



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