NEUBERGER BERMAN EQUITY FUNDS
INSTITUTIONAL CLASS
ADMINISTRATION AGREEMENT
SCHEDULE B
Compensation pursuant to Paragraph 3 of the Neuberger Berman Equity Funds
Institutional Class Administration Agreement shall be:
(1) For the services provided to the Trust or to each Series without
regard to class, 0.15% per annum of the average daily net assets of
the Institutional Class of each Series;
(2) certain out-of-pocket expenses for technology used for shareholder
servicing and shareholder communication, subject to the prior
approval of an annual budget by the Trust's Board of Trustees,
including a majority of those Trustees who are not interested
persons of the Trust or of Neuberger Berman Management Inc., and
periodic reports to the Board of Trustees on actual expenses.
DATED: December 16, 2000
