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028 F030600 0
028 F040600 83
028 G010600 2744
028 G020600 0
028 G030600 0
028 G040600 307
028 H000600 0
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
070 C010600 Y
070 C020600 N
070 D010600 Y
070 D020600 N
070 E010600 Y
070 E020600 N
070 F010600 Y
070 F020600 N
070 G010600 Y
070 G020600 N
070 H010600 Y
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 Y
070 O020600 N
070 P010600 N
070 P020600 N
070 Q010600 N
070 Q020600 N
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070 R020600 N
<PAGE> PAGE 22
071 A000600 0
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072DD020600 0
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074 B000600 0
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<PAGE> PAGE 23
074 K000600 0
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075 A000600 4963
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076 000600 0.00
013 A000701 ERNST & YOUNG LLP
013 B010701 BOSTON
013 B020701 MA
013 B030701 02116
028 A010700 763
028 A020700 0
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028 B030700 0
028 B040700 509
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<PAGE> PAGE 24
028 G010700 5805
028 G020700 0
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028 H000700 0
070 A010700 Y
070 A020700 N
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070 B020700 N
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070 I020700 N
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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SIGNATURE RICK RUSSELL
TITLE AVP FUNDS CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Focus Fund Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 04
<NAME> NEUBERGER&BERMAN FOCUS FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 954,746
<RECEIVABLES> 1,909
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 956,655
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 616
<TOTAL-LIABILITIES> 616
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 599,024
<SHARES-COMMON-STOCK> 33,104
<SHARES-COMMON-PRIOR> 26,370
<ACCUMULATED-NII-CURRENT> 3,728
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 47,083
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 306,204
<NET-ASSETS> 956,039
<DIVIDEND-INCOME> 10,386
<INTEREST-INCOME> 1,089
<OTHER-INCOME> 0
<EXPENSES-NET> (6,180)
<NET-INVESTMENT-INCOME> 5,295
<REALIZED-GAINS-CURRENT> 50,620
<APPREC-INCREASE-CURRENT> 138,207
<NET-CHANGE-FROM-OPS> 194,122
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,224)
<DISTRIBUTIONS-OF-GAINS> (38,655)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,507
<NUMBER-OF-SHARES-REDEEMED> (3,534)
<SHARES-REINVESTED> 1,761
<NET-CHANGE-IN-ASSETS> 312,174
<ACCUMULATED-NII-PRIOR> 3,657
<ACCUMULATED-GAINS-PRIOR> 35,124
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,180
<AVERAGE-NET-ASSETS> 710,463
<PER-SHARE-NAV-BEGIN> 24.42
<PER-SHARE-NII> .17
<PER-SHARE-GAIN-APPREC> 5.97
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> (1.48)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.88
<EXPENSE-RATIO> .87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Guardian Fund Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 01
<NAME> NEUBERGER&BERMAN GUARDIAN FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 3,933,627
<RECEIVABLES> 18,340
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,951,967
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,447
<TOTAL-LIABILITIES> 4,447
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,781,483
<SHARES-COMMON-STOCK> 167,221
<SHARES-COMMON-PRIOR> 123,809
<ACCUMULATED-NII-CURRENT> 13,763
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 108,394
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,043,880
<NET-ASSETS> 3,947,520
<DIVIDEND-INCOME> 47,298
<INTEREST-INCOME> 15,261
<OTHER-INCOME> 0
<EXPENSES-NET> (22,695)
<NET-INVESTMENT-INCOME> 39,864
<REALIZED-GAINS-CURRENT> 119,369
<APPREC-INCREASE-CURRENT> 539,076
<NET-CHANGE-FROM-OPS> 698,309
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (34,262)
<DISTRIBUTIONS-OF-GAINS> (30,092)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 64,070
<NUMBER-OF-SHARES-REDEEMED> (23,714)
<SHARES-REINVESTED> 3,056
<NET-CHANGE-IN-ASSETS> 1,530,973
<ACCUMULATED-NII-PRIOR> 8,161
<ACCUMULATED-GAINS-PRIOR> 20,376
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22,695
<AVERAGE-NET-ASSETS> 2,848,441
<PER-SHARE-NAV-BEGIN> 19.52
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> 4.30
<PER-SHARE-DIVIDEND> (.25)
<PER-SHARE-DISTRIBUTIONS> (.23)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.61
<EXPENSE-RATIO> .80
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Manhattan Fund Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 02
<NAME> NEUBERGER&BERMAN MANHATTAN FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 609,914
<RECEIVABLES> 2,864
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 612,778
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 810
<TOTAL-LIABILITIES> 810
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 425,083
<SHARES-COMMON-STOCK> 46,104
<SHARES-COMMON-PRIOR> 45,255
<ACCUMULATED-NII-CURRENT> 54
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 36,002
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 150,829
<NET-ASSETS> 611,968
<DIVIDEND-INCOME> 4,786
<INTEREST-INCOME> 328
<OTHER-INCOME> 0
<EXPENSES-NET> (4,949)
<NET-INVESTMENT-INCOME> 165
<REALIZED-GAINS-CURRENT> 43,765
<APPREC-INCREASE-CURRENT> 80,224
<NET-CHANGE-FROM-OPS> 124,154
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (434)
<DISTRIBUTIONS-OF-GAINS> (30,398)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,050
<NUMBER-OF-SHARES-REDEEMED> (13,048)
<SHARES-REINVESTED> 2,847
<NET-CHANGE-IN-ASSETS> 101,640
<ACCUMULATED-NII-PRIOR> 323
<ACCUMULATED-GAINS-PRIOR> 22,624
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,949
<AVERAGE-NET-ASSETS> 507,420
<PER-SHARE-NAV-BEGIN> 11.28
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 2.70
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (.70)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.27
<EXPENSE-RATIO> .98
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Partners Fund Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 05
<NAME> NEUBERGER&BERMAN PARTNERS FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,562,281
<RECEIVABLES> 3,003
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,565,284
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,324
<TOTAL-LIABILITIES> 1,324
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,175,827
<SHARES-COMMON-STOCK> 65,930
<SHARES-COMMON-PRIOR> 62,668
<ACCUMULATED-NII-CURRENT> 8,809
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 128,665
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 250,659
<NET-ASSETS> 1,563,960
<DIVIDEND-INCOME> 19,559
<INTEREST-INCOME> 2,708
<OTHER-INCOME> 0
<EXPENSES-NET> (11,130)
<NET-INVESTMENT-INCOME> 11,137
<REALIZED-GAINS-CURRENT> 162,141
<APPREC-INCREASE-CURRENT> 101,941
<NET-CHANGE-FROM-OPS> 275,219
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6,799)
<DISTRIBUTIONS-OF-GAINS> (98,890)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,597
<NUMBER-OF-SHARES-REDEEMED> (11,807)
<SHARES-REINVESTED> 5,472
<NET-CHANGE-IN-ASSETS> 228,029
<ACCUMULATED-NII-PRIOR> 4,471
<ACCUMULATED-GAINS-PRIOR> 65,405
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 11,130
<AVERAGE-NET-ASSETS> 1,346,882
<PER-SHARE-NAV-BEGIN> 21.32
<PER-SHARE-NII> .17
<PER-SHARE-GAIN-APPREC> 3.94
<PER-SHARE-DIVIDEND> (.11)
<PER-SHARE-DISTRIBUTIONS> (1.60)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.72
<EXPENSE-RATIO> .83
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Genesis Fund Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 03
<NAME> NEUBERGER&BERMAN GENESIS FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 111,535
<RECEIVABLES> 573
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 112,108
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 587
<TOTAL-LIABILITIES> 587
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 77,373
<SHARES-COMMON-STOCK> 11,720
<SHARES-COMMON-PRIOR> 16,392
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 5,591
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,557
<NET-ASSETS> 111,521
<DIVIDEND-INCOME> 1,261
<INTEREST-INCOME> 65
<OTHER-INCOME> 0
<EXPENSES-NET> (1509)
<NET-INVESTMENT-INCOME> (183)
<REALIZED-GAINS-CURRENT> 6,185
<APPREC-INCREASE-CURRENT> 12,511
<NET-CHANGE-FROM-OPS> 18,513
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (4,105)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,551
<NUMBER-OF-SHARES-REDEEMED> (8,690)
<SHARES-REINVESTED> 467
<NET-CHANGE-IN-ASSETS> (24,083)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,612
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,509
<AVERAGE-NET-ASSETS> 111,639
<PER-SHARE-NAV-BEGIN> 8.27
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 1.56
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.52
<EXPENSE-RATIO> 1.35
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Socially Responsive Fund Annual Report and is qualified
in its entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 06
<NAME> NEUBERGER&BERMAN SOCIALLY RESPONSIVE FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 8,188
<RECEIVABLES> 7
<ASSETS-OTHER> 55
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,250
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 27
<TOTAL-LIABILITIES> 27
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 7,065
<SHARES-COMMON-STOCK> 694
<SHARES-COMMON-PRIOR> 226
<ACCUMULATED-NII-CURRENT> 11
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 130
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,017
<NET-ASSETS> 8,223
<DIVIDEND-INCOME> 75
<INTEREST-INCOME> 18
<OTHER-INCOME> 0
<EXPENSES-NET> (75)
<NET-INVESTMENT-INCOME> 18
<REALIZED-GAINS-CURRENT> 137
<APPREC-INCREASE-CURRENT> 936
<NET-CHANGE-FROM-OPS> 1,091
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (9)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 534
<NUMBER-OF-SHARES-REDEEMED> (67)
<SHARES-REINVESTED> 1
<NET-CHANGE-IN-ASSETS> 5,946
<ACCUMULATED-NII-PRIOR> 2
<ACCUMULATED-GAINS-PRIOR> (7)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 154
<AVERAGE-NET-ASSETS> 4,963
<PER-SHARE-NAV-BEGIN> 10.07
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 1.76
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.84
<EXPENSE-RATIO> 1.51
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman International Fund Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER&BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 07
<NAME> NEUBERGER&BERMAN INTERNATIONAL FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-1995
<PERIOD-END> AUG-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 26,406
<RECEIVABLES> 27
<ASSETS-OTHER> 76
<OTHER-ITEMS-ASSETS> 0
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</TABLE>
