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013 B030601 02109
028 A010600 1977
028 A020600 0
028 A030600 0
028 A040600 131
028 B010600 2820
028 B020600 0
028 B030600 0
028 B040600 221
028 C010600 4832
028 C020600 0
028 C030600 0
028 C040600 214
028 D010600 2932
028 D020600 0
028 D030600 0
028 D040600 149
028 E010600 2777
028 E020600 0
028 E030600 0
028 E040600 696
028 F010600 2761
028 F020600 0
028 F030600 0
028 F040600 190
028 G010600 18099
028 G020600 0
028 G030600 0
028 G040600 1601
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
<PAGE> PAGE 22
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
070 R010600 Y
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 12
072 B000600 47
072 C000600 258
072 D000600 0
072 E000600 0
072 F000600 0
072 G000600 47
072 H000600 0
072 I000600 26
072 J000600 10
072 K000600 0
072 L000600 24
072 M000600 1
072 N000600 31
072 O000600 1
072 P000600 0
072 Q000600 0
072 R000600 7
072 S000600 27
072 T000600 0
072 U000600 15
072 V000600 0
072 W000600 116
072 X000600 305
072 Y000600 34
072 Z000600 34
072AA000600 1075
<PAGE> PAGE 23
072BB000600 0
072CC010600 962
072CC020600 0
072DD010600 17
072DD020600 0
072EE000600 268
073 A010600 0.0200
073 A020600 0.0000
073 B000600 0.3100
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 32856
074 J000600 0
074 K000600 0
074 L000600 84
074 M000600 40
074 N000600 32980
074 O000600 0
074 P000600 13
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 43
074 S000600 0
074 T000600 32924
074 U010600 2372
074 U020600 0
074 V010600 13.88
074 V020600 0.00
074 W000600 0.0000
074 X000600 2409
074 Y000600 0
075 A000600 18011
075 B000600 0
076 000600 0.00
013 A000701 ERNST & YOUNG LLP
013 B010701 BOSTON
013 B020701 MA
013 B030701 02116
028 A010700 1793
028 A020700 0
028 A030700 0
028 A040700 702
<PAGE> PAGE 24
028 B010700 3307
028 B020700 0
028 B030700 0
028 B040700 427
028 C010700 2907
028 C020700 0
028 C030700 0
028 C040700 709
028 D010700 3215
028 D020700 0
028 D030700 0
028 D040700 1026
028 E010700 4400
028 E020700 0
028 E030700 0
028 E040700 1995
028 F010700 4487
028 F020700 0
028 F030700 0
028 F040700 1916
028 G010700 20109
028 G020700 0
028 G030700 0
028 G040700 6775
028 H000700 0
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 Y
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 Y
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
<PAGE> PAGE 25
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 Y
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 12
072 B000700 183
072 C000700 605
072 D000700 0
072 E000700 0
072 F000700 0
072 G000700 125
072 H000700 0
072 I000700 42
072 J000700 10
072 K000700 0
072 L000700 65
072 M000700 5
072 N000700 35
072 O000700 1
072 P000700 0
072 Q000700 0
072 R000700 8
072 S000700 59
072 T000700 0
072 U000700 20
072 V000700 0
072 W000700 555
072 X000700 925
072 Y000700 234
072 Z000700 97
072AA000700 609
072BB000700 0
072CC010700 3964
072CC020700 0
072DD010700 125
072DD020700 0
072EE000700 0
073 A010700 0.0400
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
<PAGE> PAGE 26
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 56983
074 J000700 0
074 K000700 0
074 L000700 52
074 M000700 56
074 N000700 57091
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074 P000700 24
074 Q000700 0
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074 R030700 0
074 R040700 79
074 S000700 0
074 T000700 56988
074 U010700 4784
074 U020700 0
074 V010700 11.91
074 V020700 0.00
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074 X000700 3408
074 Y000700 0
075 A000700 40632
075 B000700 0
076 000700 0.00
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-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,068,206
<RECEIVABLES> 4,316
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,072,522
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,142
<TOTAL-LIABILITIES> 1,142
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 728,762
<SHARES-COMMON-STOCK> 37,641
<SHARES-COMMON-PRIOR> 33,104
<ACCUMULATED-NII-CURRENT> 7,155
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 51,474
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 283,989
<NET-ASSETS> 1,071,380
<DIVIDEND-INCOME> 15,166
<INTEREST-INCOME> 1,550
<OTHER-INCOME> 0
<EXPENSES-NET> (9,416)
<NET-INVESTMENT-INCOME> 7,300
<REALIZED-GAINS-CURRENT> 52,014
<APPREC-INCREASE-CURRENT> (22,215)
<NET-CHANGE-FROM-OPS> 37,099
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,873)
<DISTRIBUTIONS-OF-GAINS> (47,524)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,148
<NUMBER-OF-SHARES-REDEEMED> (9,219)
<SHARES-REINVESTED> 1,608
<NET-CHANGE-IN-ASSETS> 115,341
<ACCUMULATED-NII-PRIOR> 3,728
<ACCUMULATED-GAINS-PRIOR> 47,083
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9,416
<AVERAGE-NET-ASSETS> 1,063,011
<PER-SHARE-NAV-BEGIN> 28.88
<PER-SHARE-NII> .19
<PER-SHARE-GAIN-APPREC> .85
<PER-SHARE-DIVIDEND> (.11)
<PER-SHARE-DISTRIBUTIONS> (1.35)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 28.46
<EXPENSE-RATIO> .89
<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-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 4,897,929
<RECEIVABLES> 13,047
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,910,976
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,807
<TOTAL-LIABILITIES> 5,807
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,704,319
<SHARES-COMMON-STOCK> 206,284
<SHARES-COMMON-PRIOR> 167,221
<ACCUMULATED-NII-CURRENT> 24,429
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 249,689
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 926,732
<NET-ASSETS> 4,905,169
<DIVIDEND-INCOME> 68,206
<INTEREST-INCOME> 33,250
<OTHER-INCOME> 0
<EXPENSES-NET> (37,957)
<NET-INVESTMENT-INCOME> 63,499
<REALIZED-GAINS-CURRENT> 283,379
<APPREC-INCREASE-CURRENT> (119,590)
<NET-CHANGE-FROM-OPS> 227,288
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (53,306)
<DISTRIBUTIONS-OF-GAINS> (139,952)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 74,621
<NUMBER-OF-SHARES-REDEEMED> (43,128)
<SHARES-REINVESTED> 7,570
<NET-CHANGE-IN-ASSETS> 957,649
<ACCUMULATED-NII-PRIOR> 13,763
<ACCUMULATED-GAINS-PRIOR> 108,394
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 37,957
<AVERAGE-NET-ASSETS> 4,651,209
<PER-SHARE-NAV-BEGIN> 23.61
<PER-SHARE-NII> .31
<PER-SHARE-GAIN-APPREC> .90
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> (.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.78
<EXPENSE-RATIO> .82
<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-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 517,214
<RECEIVABLES> 190
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 517,404
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,165
<TOTAL-LIABILITIES> 1,165
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 386,612
<SHARES-COMMON-STOCK> 42,230
<SHARES-COMMON-PRIOR> 46,104
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 49,542
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 80,085
<NET-ASSETS> 516,239
<DIVIDEND-INCOME> 3,989
<INTEREST-INCOME> 231
<OTHER-INCOME> 0
<EXPENSES-NET> (5,843)
<NET-INVESTMENT-INCOME> (1,623)
<REALIZED-GAINS-CURRENT> 57,804
<APPREC-INCREASE-CURRENT> (70,811)
<NET-CHANGE-FROM-OPS> (14,630)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (43,799)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,683
<NUMBER-OF-SHARES-REDEEMED> (16,906)
<SHARES-REINVESTED> 3,349
<NET-CHANGE-IN-ASSETS> (95,729)
<ACCUMULATED-NII-PRIOR> 54
<ACCUMULATED-GAINS-PRIOR> 36,002
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,843
<AVERAGE-NET-ASSETS> 597,907
<PER-SHARE-NAV-BEGIN> 13.27
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> (.33)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.96)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.94
<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-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,870,987
<RECEIVABLES> 2,767
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,873,754
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,810
<TOTAL-LIABILITIES> 1,810
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,458,594
<SHARES-COMMON-STOCK> 78,380
<SHARES-COMMON-PRIOR> 65,930
<ACCUMULATED-NII-CURRENT> 11,934
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 181,185
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 220,231
<NET-ASSETS> 1,871,944
<DIVIDEND-INCOME> 27,762
<INTEREST-INCOME> 3,478
<OTHER-INCOME> 0
<EXPENSES-NET> (14,756)
<NET-INVESTMENT-INCOME> 16,484
<REALIZED-GAINS-CURRENT> 232,938
<APPREC-INCREASE-CURRENT> (30,428)
<NET-CHANGE-FROM-OPS> 218,994
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,359)
<DISTRIBUTIONS-OF-GAINS> (180,347)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,230
<NUMBER-OF-SHARES-REDEEMED> (14,990)
<SHARES-REINVESTED> 8,210
<NET-CHANGE-IN-ASSETS> 307,984
<ACCUMULATED-NII-PRIOR> 8,809
<ACCUMULATED-GAINS-PRIOR> 128,665
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14,756
<AVERAGE-NET-ASSETS> 1,766,719
<PER-SHARE-NAV-BEGIN> 23.72
<PER-SHARE-NII> .22
<PER-SHARE-GAIN-APPREC> 2.84
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> (2.70)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.88
<EXPENSE-RATIO> .84
<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-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 194,678
<RECEIVABLES> 1,399
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 196,077
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 698
<TOTAL-LIABILITIES> 698
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 142,475
<SHARES-COMMON-STOCK> 17,908
<SHARES-COMMON-PRIOR> 11,720
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 3,230
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 49,674
<NET-ASSETS> 195,379
<DIVIDEND-INCOME> 1,334
<INTEREST-INCOME> 206
<OTHER-INCOME> 0
<EXPENSES-NET> (1,784)
<NET-INVESTMENT-INCOME> (244)
<REALIZED-GAINS-CURRENT> 4,476
<APPREC-INCREASE-CURRENT> 21,117
<NET-CHANGE-FROM-OPS> 25,349
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (6,609)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,855
<NUMBER-OF-SHARES-REDEEMED> (5,295)
<SHARES-REINVESTED> 628
<NET-CHANGE-IN-ASSETS> 83,858
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 5,591
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,784
<AVERAGE-NET-ASSETS> 138,880
<PER-SHARE-NAV-BEGIN> 9.52
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 1.95
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.55)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.91
<EXPENSE-RATIO> 1.28
<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-31-1996
<PERIOD-END> AUG-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 32,856
<RECEIVABLES> 84
<ASSETS-OTHER> 40
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 32,980
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56
<TOTAL-LIABILITIES> 56
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 29,966
<SHARES-COMMON-STOCK> 2,372
<SHARES-COMMON-PRIOR> 694
<ACCUMULATED-NII-CURRENT> 28
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 951
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,979
<NET-ASSETS> 32,924
<DIVIDEND-INCOME> 258
<INTEREST-INCOME> 47
<OTHER-INCOME> 0
<EXPENSES-NET> (271)
<NET-INVESTMENT-INCOME> 34
<REALIZED-GAINS-CURRENT> 1,075
<APPREC-INCREASE-CURRENT> 962
<NET-CHANGE-FROM-OPS> 2,071
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17)
<DISTRIBUTIONS-OF-GAINS> (268)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,843
<NUMBER-OF-SHARES-REDEEMED> (184)
<SHARES-REINVESTED> 19
<NET-CHANGE-IN-ASSETS> 24,701
<ACCUMULATED-NII-PRIOR> 11
<ACCUMULATED-GAINS-PRIOR> 131
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 305
<AVERAGE-NET-ASSETS> 18,011
<PER-SHARE-NAV-BEGIN> 11.84
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 2.35
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> (.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.88
<EXPENSE-RATIO> 1.50
<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-31-1996
<PERIOD-END> AUG-31-1996
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<INVESTMENTS-AT-VALUE> 56,983
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<TOTAL-LIABILITIES> 91
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 50,917
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<SHARES-COMMON-PRIOR> 2,471
<ACCUMULATED-NII-CURRENT> 23
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (596)
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 56,988
<DIVIDEND-INCOME> 605
<INTEREST-INCOME> 183
<OTHER-INCOME> 0
<EXPENSES-NET> (691)
<NET-INVESTMENT-INCOME> 97
<REALIZED-GAINS-CURRENT> 609
<APPREC-INCREASE-CURRENT> 3,964
<NET-CHANGE-FROM-OPS> 4,670
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (125)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,475
<NUMBER-OF-SHARES-REDEEMED> (1,172)
<SHARES-REINVESTED> 10
<NET-CHANGE-IN-ASSETS> 30,552
<ACCUMULATED-NII-PRIOR> 99
<ACCUMULATED-GAINS-PRIOR> (1,253)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 925
<AVERAGE-NET-ASSETS> 40,632
<PER-SHARE-NAV-BEGIN> 10.70
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 1.24
<PER-SHARE-DIVIDEND> (.04)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.91
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>