NEUBERGER BERMAN EQUITY FUNDS
497, 1999-02-02
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NEUBERGER BERMAN
EQUITY FUNDS(REGISTERED):
NEUBERGER BERMAN INTERNATIONAL FUND

Supplement to the Prospectus dated December 30, 1998

The following paragraph is added to the "Management" sidebar on page 24:

Benjamin E. Segal is an Assistant Vice President of Neuberger Berman Management
and has been an Associate Manager of the fund since January 1999. He was an
assistant portfolio manager at another firm from 1997 to 1998. Prior to 1997, he
held positions in international finance and consulting.

         The date of this Supplement is February 3, 1999.




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