NEUBERGER BERMAN EQUITY FUNDS
N-18F1, 1999-12-06
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                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                  FORM N-18F-1

                 Notification of Election Pursuant to Rule 18f-1

                    Under the Investment Company Act of 1940


                          NEUBERGER BERMAN EQUITY FUNDS

                            NOTIFICATION OF ELECTION

      The undersigned  registered  open-end investment company, on behalf of the
following series: Neuberger Berman Century Fund ("Series"),  hereby notifies the
Securities and Exchange Commission that Series elects to commit itself to pay in
cash all  redemptions by a shareholder of record as provided by Rule 18f-1 under
the  Investment  Company Act of 1940.  It is  understood  that this  election is
irrevocable  while such Rule is in effect  unless the  Commission  by order upon
application permits the withdrawal of this Notification of Election.


                                   SIGNATURE

      Pursuant to the  requirements  of Rule 18f-1 under the Investment  Company
Act of 1940, the Registrant has caused this  Notification of Election to be duly
executed  on its  behalf in the County of New York and the State New York on the
____ day of December, 1999.

                                         NEUBERGER BERMAN EQUITY FUNDS

                                         By:   /s/ Peter Sundman
                                             ---------------------------
                                         Name:  Peter Sundman
                                                ------------------------
                                         Title: Chairman of the Board and
                                                -------------------------
                                                Chief Executive Officer
Attest:

/s/ Claudia A. Brandon
- ------------------------
Claudia A. Brandon
Secretary





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