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028 B010600 1795
028 B020600 0
028 B030600 0
028 B040600 653
028 C010600 2087
028 C020600 0
028 C030600 0
028 C040600 512
028 D010600 2047
028 D020600 1124
028 D030600 0
028 D040600 738
028 E010600 2755
028 E020600 0
028 E030600 0
028 E040600 991
028 F010600 2719
028 F020600 0
028 F030600 0
028 F040600 720
028 G010600 13570
028 G020600 1124
028 G030600 0
028 G040600 3984
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
<PAGE> PAGE 22
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 6
072 B000600 56
072 C000600 302
072 D000600 0
072 E000600 0
072 F000600 0
072 G000600 52
072 H000600 0
072 I000600 23
072 J000600 5
072 K000600 0
072 L000600 9
072 M000600 1
072 N000600 33
072 O000600 1
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072 Q000600 0
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072 S000600 15
072 T000600 0
072 U000600 8
072 V000600 0
072 W000600 153
072 X000600 302
072 Y000600 0
072 Z000600 56
072AA000600 218
072BB000600 0
072CC010600 5304
072CC020600 0
072DD010600 82
072DD020600 0
072EE000600 1152
<PAGE> PAGE 23
073 A010600 0.0300
073 A020600 0.0000
073 B000600 0.4200
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 47861
074 J000600 0
074 K000600 0
074 L000600 180
074 M000600 32
074 N000600 48073
074 O000600 0
074 P000600 35
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 60
074 S000600 0
074 T000600 47978
074 U010600 3084
074 U020600 0
074 V010600 15.56
074 V020600 0.00
074 W000600 0.0000
074 X000600 3286
074 Y000600 0
075 A000600 40658
075 B000600 0
076 000600 0.00
013 A000701 ERNST & YOUNG LLP
013 B010701 BOSTON
013 B020701 MA
013 B030701 02116
028 A010700 2864
028 A020700 0
028 A030700 0
028 A040700 948
028 B010700 3054
028 B020700 0
028 B030700 0
028 B040700 1322
028 C010700 6458
028 C020700 0
<PAGE> PAGE 24
028 C030700 0
028 C040700 3066
028 D010700 7399
028 D020700 96
028 D030700 0
028 D040700 4473
028 E010700 12250
028 E020700 0
028 E030700 0
028 E040700 5692
028 F010700 9515
028 F020700 0
028 F030700 0
028 F040700 2820
028 G010700 41540
028 G020700 96
028 G030700 0
028 G040700 18321
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
070 N010700 Y
070 N020700 N
070 O010700 Y
070 O020700 N
070 P010700 N
070 P020700 N
<PAGE> PAGE 25
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 6
072 B000700 119
072 C000700 215
072 D000700 0
072 E000700 0
072 F000700 0
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072 H000700 0
072 I000700 22
072 J000700 5
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072 U000700 10
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072 W000700 423
072 X000700 616
072 Y000700 23
072 Z000700 -259
072AA000700 1153
072BB000700 0
072CC010700 10304
072CC020700 0
072DD010700 111
072DD020700 0
072EE000700 0
073 A010700 0.0200
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 0
<PAGE> PAGE 26
074 G000700 0
074 H000700 0
074 I000700 91362
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074 R030700 0
074 R040700 513
074 S000700 0
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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 Semi 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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,231,605
<RECEIVABLES> 1,458
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,233,063
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,476
<TOTAL-LIABILITIES> 1,476
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 720,507
<SHARES-COMMON-STOCK> 37,349
<SHARES-COMMON-PRIOR> 37,641
<ACCUMULATED-NII-CURRENT> 532
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 109,758
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 400,790
<NET-ASSETS> 1,231,587
<DIVIDEND-INCOME> 5,815
<INTEREST-INCOME> 572
<OTHER-INCOME> 0
<EXPENSES-NET> (5,000)
<NET-INVESTMENT-INCOME> 1,387
<REALIZED-GAINS-CURRENT> 110,352
<APPREC-INCREASE-CURRENT> 116,801
<NET-CHANGE-FROM-OPS> 228,540
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,010)
<DISTRIBUTIONS-OF-GAINS> (52,068)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,708
<NUMBER-OF-SHARES-REDEEMED> (5,717)
<SHARES-REINVESTED> 1,717
<NET-CHANGE-IN-ASSETS> 160,207
<ACCUMULATED-NII-PRIOR> 7,155
<ACCUMULATED-GAINS-PRIOR> 51,474
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5,000
<AVERAGE-NET-ASSETS> 1,166,184
<PER-SHARE-NAV-BEGIN> 28.46
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 6.12
<PER-SHARE-DIVIDEND> (.22)
<PER-SHARE-DISTRIBUTIONS> (1.43)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 32.97
<EXPENSE-RATIO> .86<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Guardian Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 5,777,779
<RECEIVABLES> 13,146
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5,790,925
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,812
<TOTAL-LIABILITIES> 5,812
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3,886,229
<SHARES-COMMON-STOCK> 213,325
<SHARES-COMMON-PRIOR> 206,284
<ACCUMULATED-NII-CURRENT> 4,872
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 199,085
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,694,927
<NET-ASSETS> 5,785,113
<DIVIDEND-INCOME> 30,775
<INTEREST-INCOME> 6,030
<OTHER-INCOME> 0
<EXPENSES-NET> (21,611)
<NET-INVESTMENT-INCOME> 15,194
<REALIZED-GAINS-CURRENT> 202,024
<APPREC-INCREASE-CURRENT> 768,195
<NET-CHANGE-FROM-OPS> 985,413
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (34,751)
<DISTRIBUTIONS-OF-GAINS> (252,628)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,853
<NUMBER-OF-SHARES-REDEEMED> (23,137)
<SHARES-REINVESTED> 10,325
<NET-CHANGE-IN-ASSETS> 879,944
<ACCUMULATED-NII-PRIOR> 24,429
<ACCUMULATED-GAINS-PRIOR> 249,689
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 21,611
<AVERAGE-NET-ASSETS> 5,427,899
<PER-SHARE-NAV-BEGIN> 23.78
<PER-SHARE-NII> 0.07
<PER-SHARE-GAIN-APPREC> 4.68
<PER-SHARE-DIVIDEND> (.17)
<PER-SHARE-DISTRIBUTIONS> (1.24)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 27.12
<EXPENSE-RATIO> .80<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Manhattan Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 538,433
<RECEIVABLES> 701
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 539,134
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5,037
<TOTAL-LIABILITIES> 5,037
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 371,399
<SHARES-COMMON-STOCK> 42,383
<SHARES-COMMON-PRIOR> 43,230
<ACCUMULATED-NII-CURRENT> (1,054)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 43,083
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 120,669
<NET-ASSETS> 534,097
<DIVIDEND-INCOME> 1,446
<INTEREST-INCOME> 177
<OTHER-INCOME> 0
<EXPENSES-NET> (2,677)
<NET-INVESTMENT-INCOME> (1,054)
<REALIZED-GAINS-CURRENT> 60,614
<APPREC-INCREASE-CURRENT> 40,584
<NET-CHANGE-FROM-OPS> 100,144
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (67,073)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,815
<NUMBER-OF-SHARES-REDEEMED> (10,895)
<SHARES-REINVESTED> 5,233
<NET-CHANGE-IN-ASSETS> 17,858
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 49,542
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,677
<AVERAGE-NET-ASSETS> 538,179
<PER-SHARE-NAV-BEGIN> 11.94
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> 2.34
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.66)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.60
<EXPENSE-RATIO> 1.00<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Partners Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 2,413,597
<RECEIVABLES> 23,443
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2,437,040
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,980
<TOTAL-LIABILITIES> 1,980
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,803,700
<SHARES-COMMON-STOCK> 91,760
<SHARES-COMMON-PRIOR> 78,380
<ACCUMULATED-NII-CURRENT> 1,429
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 115,834
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 514,097
<NET-ASSETS> 2,435,060
<DIVIDEND-INCOME> 13,453
<INTEREST-INCOME> 2,346
<OTHER-INCOME> 0
<EXPENSES-NET> (8,753)
<NET-INVESTMENT-INCOME> 7,046
<REALIZED-GAINS-CURRENT> 142,861
<APPREC-INCREASE-CURRENT> 293,866
<NET-CHANGE-FROM-OPS> 443,773
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17,551)
<DISTRIBUTIONS-OF-GAINS> (208,212)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13,982
<NUMBER-OF-SHARES-REDEEMED> (9,052)
<SHARES-REINVESTED> 8,450
<NET-CHANGE-IN-ASSETS> 563,116
<ACCUMULATED-NII-PRIOR> 11,934
<ACCUMULATED-GAINS-PRIOR> 181,185
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 8,753
<AVERAGE-NET-ASSETS> 2,160,732
<PER-SHARE-NAV-BEGIN> 23.88
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> 5.41
<PER-SHARE-DIVIDEND> (.22)
<PER-SHARE-DISTRIBUTIONS> (2.61)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 26.54
<EXPENSE-RATIO> .82<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Genesis Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 375,054
<RECEIVABLES> 4,395
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 379,449
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 892
<TOTAL-LIABILITIES> 892
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 303,187
<SHARES-COMMON-STOCK> 31,397
<SHARES-COMMON-PRIOR> 17,908
<ACCUMULATED-NII-CURRENT> (214)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,000
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 73,584
<NET-ASSETS> 378,557
<DIVIDEND-INCOME> 1,066
<INTEREST-INCOME> 382
<OTHER-INCOME> 0
<EXPENSES-NET> (1,662)
<NET-INVESTMENT-INCOME> (214)
<REALIZED-GAINS-CURRENT> 2,415
<APPREC-INCREASE-CURRENT> 23,910
<NET-CHANGE-FROM-OPS> 26,111
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (3,645)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,762
<NUMBER-OF-SHARES-REDEEMED> (3,552)
<SHARES-REINVESTED> 279
<NET-CHANGE-IN-ASSETS> 183,178
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 3,230
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,662
<AVERAGE-NET-ASSETS> 277,368
<PER-SHARE-NAV-BEGIN> 10.91
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 1.31
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.15)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.06
<EXPENSE-RATIO> 1.21<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Socially Responsive Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 47,861
<RECEIVABLES> 180
<ASSETS-OTHER> 32
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 48,073
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95
<TOTAL-LIABILITIES> 95
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 40,676
<SHARES-COMMON-STOCK> 3,084
<SHARES-COMMON-PRIOR> 2,372
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 7,283
<NET-ASSETS> 47,978
<DIVIDEND-INCOME> 302
<INTEREST-INCOME> 56
<OTHER-INCOME> 0
<EXPENSES-NET> (302)
<NET-INVESTMENT-INCOME> 56
<REALIZED-GAINS-CURRENT> 218
<APPREC-INCREASE-CURRENT> 5,304
<NET-CHANGE-FROM-OPS> 5,578
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (82)
<DISTRIBUTIONS-OF-GAINS> (1,152)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 901
<NUMBER-OF-SHARES-REDEEMED> (263)
<SHARES-REINVESTED> 74
<NET-CHANGE-IN-ASSETS> 15,054
<ACCUMULATED-NII-PRIOR> 28
<ACCUMULATED-GAINS-PRIOR> 951
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 302
<AVERAGE-NET-ASSETS> 40,658
<PER-SHARE-NAV-BEGIN> 13.88
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 2.11
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.42)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.56
<EXPENSE-RATIO> 1.50<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman International Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-END> FEB-28-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 91,362
<RECEIVABLES> 512
<ASSETS-OTHER> 46
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 91,920
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 530
<TOTAL-LIABILITIES> 530
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 74,232
<SHARES-COMMON-STOCK> 6,561
<SHARES-COMMON-PRIOR> 4,784
<ACCUMULATED-NII-CURRENT> (575)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 785
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 16,948
<NET-ASSETS> 91,390
<DIVIDEND-INCOME> 215
<INTEREST-INCOME> 119
<OTHER-INCOME> 0
<EXPENSES-NET> 593
<NET-INVESTMENT-INCOME> (259)
<REALIZED-GAINS-CURRENT> 1,153
<APPREC-INCREASE-CURRENT> 10,304
<NET-CHANGE-FROM-OPS> 11,198
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (111)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,168
<NUMBER-OF-SHARES-REDEEMED> (1,399)
<SHARES-REINVESTED> 8
<NET-CHANGE-IN-ASSETS> 34,402
<ACCUMULATED-NII-PRIOR> 26
<ACCUMULATED-GAINS-PRIOR> (599)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 616
<AVERAGE-NET-ASSETS> 70,155
<PER-SHARE-NAV-BEGIN> 11.91
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 2.11
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.93
<EXPENSE-RATIO> 1.70<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
