NEUBERGER BERMAN EQUITY FUNDS
24F-2NT, 1998-11-24
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                               ------------------------------
                                                       OMB APPROVAL
                                               OMB Number:         3235-0456
                                               Expires:       August 31, 2000
                                               Estimated average burden
                                               hours per response            1

                                               ------------------------------
                                   FORM 24F-2
                        ANNUAL NOTICE OF SECURITIES SOLD
                             PURSUANT TO RULE 24F-2

             Read instructions at end of Form before preparing Form. 

- --------------------------------------------------------------------------------
1. Name and address of issuer:

                           NEUBERGER BERMAN EQUITY FUNDS
                           605 THIRD AVENUE, 2ND FLOOR
                           NEW YORK, NEW YORK  10158-0180
    
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2. The name of each series or class of  securities  for which this Form is filed
(if the form is being  filed for all series and  classes  of  securities  of the
issuer, check the box but do not list series or classes): /X/


    
- --------------------------------------------------------------------------------
3. Investment Company Act File Number: 811-582

      Securities Act File Number:  2-11357
    
- --------------------------------------------------------------------------------
4(a). Last day of fiscal year for which this Form is filed:

    AUGUST 31, 1998
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4(b).  Check box if this Form is being  filed  late  (i.e.,  more than 90
       calendar days after the end of the issuer's fiscal year). (See
       Instruction A.2)

NOTE: IF THE FORM IS BEING FILED LATE, INTEREST MUST BE PAID ON THE REGISTRATION
FEE DUE.


       NA
- --------------------------------------------------------------------------------
4(c). Check box if this is the last time the issuer will be filing this Form.


       NA
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<PAGE>



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5. Calculation of registration fee:

(i)   Aggregate sale price of securities sold
      during the fiscal year pursuant to                         $5,016,840,042
      section 24(f):                                             --------------

(ii)  Aggregate price of securities redeemed or
      repurchased during the fiscal year:        $ 3,745,655,300
                                                 ---------------

 (iii)Aggregate price of securities redeemed or
      repurchased during any PRIOR fiscal year
      ending no earlier than October 1,
      1995 that were not previously used to reduce
      registration fees payable to the Commission:    $ - 0 -
                                                      -------
                                                    
(iv)  Total available redemption credits [add Items
      5(ii) and 5(iii)]:                                         $3,745,655,300
                                                                 --------------

(v)   Net sales - if item 5(i) is greater than Item
      5(iv) [subtract item 5(iv) from Item 5(i)]:                $1,271,184,742
                                                                 --------------

(vi)  Redemption credits available for use in future
      years - if Item 5(i) is less than Item 5(iv)
      [subtract Item 5(iv) from Item 5(i)]:           $ ( - 0 - )
                                                      -----------

(vii) Multiplier for determining registration fee
     (See Instruction C.9):                                      X.000278
                       --                                        --------

(viii)Registration fee due [multiply Item 5(v) by Item 
      5(vii)] (enter "0" if no fee is due):                      $353,389.36 
                                                                 -----------
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      6. Prepaid Shares NA

      If the response to Item 5(i) was determined by deducting an amount of
      securities that were registered under the Securities Act of 1933 pursuant
      to rule 24e-2 as in effect before October 11, 1997, then report the amount
      of securities (number of shares or other units) deducted here:
      ____________. If there is a number of shares or other units that were
      registered pursuant to rule 24e-2 remaining unsold at the end of the
      fiscal year for which this form is filed that are available for use by the
      issuer in future fiscal years, then state that number here:
      ______________.

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7.    Interest  due - if this Form is being  filed more than 90 days after the
      end of the Issuer's fiscal year (see Instruction D):

                                                                       +$ - 0 -
                                                                       --------
- --------------------------------------------------------------------------------
8.    Total of the amount of the  registration fee due plus any interest due 
      [line 5(viii) plus line 7]:

                                                                 $353,389.36
                                                                 -----------

- --------------------------------------------------------------------------------


<PAGE>



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9.    Date  the  registration  fee  and  any  interest  payment  was  sent  to
      the Commission's lockbox depository:

                  Method of Delivery:

                                  /X/   Wire Transfer
                                        Mail or other means
- --------------------------------------------------------------------------------

                                   SIGNATURES

This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated.


By (Signature and Title)*  /s/ Michael J. Weiner
                           ---------------------------------
                           MICHAEL J. WEINER, VICE PRESIDENT

Date  11-20-98

             *Please print the name and title of the signing officer below 
the signature.



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