NB Mutual Fund
Proxy Proposal Overview
For Shareholders of Record August 15, 2000
PROPOSAL 1: TO ELECT TRUSTEES (ALL FUNDS/TRUSTS/ASSETS/INSTITUTIONAL)
Shareholders are being asked to elect eighteen individuals to serve on the
Boards of Trustees for all funds. The proposal is intended to create a single
Board of Trustees responsible for all of the Funds in the Neuberger Berman Fund
family. It is the Boards' belief that the Funds and Neuberger Berman Management
Inc. would benefit from considerable efficiencies and that shareholder interests
will be more effectively represented if the same individuals serve on each of
the Boards.
For several years, the multiple boards have had separate meetings, but often
reviewed the same or substantially the same issues and other matters. The
consolidation would reduce the duplication of board materials and reports and
the need for repeated presentation by the same personnel at different meetings.
PROPOSAL 2: TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT LIMITATION ON
DIVERSIFICATION. (ALL FUNDS/TRUSTS/ASSETS/INSTITUTIONAL)
This proposal is intended to allow the funds to take advantage of investing
their excess cash in an Institutional money market fund managed by NBMI. As a
result, the funds would have a more efficient and effective means of managing
their cash.
PROPOSAL 3: TO RATIFY THE SELECTION OF INDEPENDENT AUDITORS/ACCOUNTANTS.
(ALL FUNDS/TRUSTS/ASSETS/INSTITUTIONAL)
The Boards have selected PricewaterhouseCoopers LLP to continue to serve as the
independent auditors of CENTURY, MANHATTAN, MILLENNIUM, REGENCY, AND SOCIALLY
RESPONSIVE.
The Boards have selected Ernst & Young LLP to continue to serve as the
independent accountants of CASH RESERVES, FOCUS, GENESIS, GOVERNMENT MONEY,
GUARDIAN, HIGH YIELD, INTERNATIONAL, LIMITED MATURITY BOND, MUNICIPAL MONEY,
MUNICIPAL SECURITIES TRUST, PARTNERS.
PROPOSAL 4: TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. (FOR
TRUSTS/ASSETS/INSTITUTIONAL ONLY)
This proposal would approve a reorganization of the funds into a classes of
shares structure. The investment policies of the funds and the rights of
shareholders would not be materially affected in any way by this change. The
Boards and NBMI believe that eliminating the current master-feeder structure
would simplify operations of the funds and may result in cost savings on legal
fees, accounting costs and other operations expenses. For instance, the number
of tax filings would be reduced from 40 to 11. The multi-class structure is also
more common in the industry and easier to understand.
FOR INTERNAL USE ONLY
<PAGE>
NB Mutual Fund
Proxy Proposal Overview
For Shareholders of Record August 15, 2000
PROPOSAL 5: TO APPROVE A PLAN OF DISTRIBUTION AND SHAREHOLDER SERVICES.
(GENESIS, GUARDIAN AND PARTNERS TRUSTS ONLY)
Many shareholders want access to our Funds via third parties, such as pension
plan administrators and broker-dealers, and costs associated with servicing
shareholders have increased, mainly due to investments in technology. This 10
basis point fee will help defray a portion of the costs associated with
shareholder servicing activities, marketing and distribution. It will also help
the Funds attract more assets by making the Funds available through additional
channels.
PROPOSAL 6: TO APPROVE A CHANGE ON THE FUNDAMENTAL RESTRICTION ON INDUSTRY
CONCENTRATION. (CASH RESERVES ONLY)
The Board believes changing this fundamental restriction will provide NB Cash
Reserves with greater investment flexibility to purchase instruments that are
either issued or guaranteed by companies in the financial services group of
industries, as an increasing number of suitable investments for money market
funds are being issued by financial services companies. This change will allow
the Fund to remain competitive with other money market funds that can invest to
a greater extent in instruments issued by companies in this industry group.
PROPOSAL 7: TO MODIFY THE FUND'S FUNDAMENTAL RESTRICTIONS ON (GOVERNMENT MONEY
ONLY):
7A. INVESTING IN GOVERNMENT SECURITIES
7B. REPURCHASE AGREEMENTS
7C. BORROWING POLICY TO PERMIT PURCHASE OF REVERSE
REPURCHASE AGREEMENTS
7D. TO PERMIT SECURITIES LENDING
The proposed changes will provide NB Government Money Fund with greater
flexibility to invest in a broader array of U.S. Government securities and in
repurchase agreements, and allow it to expand its borrowing and lending ability
in an effort to earn more income. The Board believes these changes will give the
Fund the opportunity to remain competitive with other U.S. Government money
market funds that have this broader investment flexibility, although they will
increase risk to a limited extent.
FOR INTERNAL USE ONLY
<PAGE>
<TABLE>
<CAPTION>
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<S> <C>
Name of Fund Proposals
NB Cash Reserves 1. To elect Trustees
2. To approve a change in the fundamental investment limitations
concerning diversification
3. To ratify the selection of independent auditors/accountants
6. To approve a change on the fundamental restriction on industry
concentration
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NB Century Fund 1. To elect Trustees
NB Focus Fund 2. To approve a change in the fundamental investment limitation
NB Genesis Fund concerning diversification
NB Guardian Fund 3. To ratify the selection of independent auditors/accountants
NB High Yield Bond Fund
NB International Fund
NB Limited Maturity Bond Fund
NB Manhattan Fund
NB Millennium Fund
NB Municipal Money Fund
NB Municipal Securities Trust
NB Partners Fund
NB Regency Fund
NB Socially Responsive Fund
NB Technology Fund
------------------------------------------------------------------------------------------------------------------
NB Government Money Fund 1. To elect Trustees
2. To approve a change in the fundamental investment limitation
concerning diversification
3. To ratify the selection of independent auditors/accountants
7. To modify the fund's fundamental restrictions on:
A. Investing in Government Securities
B. Repurchase Agreements
C. Borrowing policy to permit purchase of Reverse Repurchase
Agreements
D. To permit securities lending
------------------------------------------------------------------------------------------------------------------
NB Century Trust 1. To elect Trustees
NB Focus Trust 2. To approve a change in the fundamental investment limitation
NB Institutional Cash Trust concerning diversification
NB International Trust 3. To ratify the selection of independent auditors/accountants
NB Limited Maturity Bond Trust 4. To approve an Agreement and Plan of Reorganization
NB Manhattan Trust
NB Millennium Trust
NB Regency Trust
NB Socially Responsive Trust
NB Technology Trust
------------------------------------------------------------------------------------------------------------------
NB Genesis Trust 1. To elect Trustees
NB Guardian Trust 2. To approve a change the fundamental investment limitation
NB Partners Trust concerning diversification
3. To ratify the selection of independent auditors/accountants
4. To approve an Agreement and Plan of Reorganization
5. To approve a Plan of Distribution and Shareholder Services
------------------------------------------------------------------------------------------------------------------
NB Focus Assets 1. To elect Trustees
NB Genesis Assets 2. To approve a change in the fundamental investment limitation
NB Guardian Assets concerning diversification
NB Manhattan Assets 3. To ratify the selection of independent auditors/accountants
NB Millennium Assets 4. To approve an Agreement and Plan of Reorganization
NB Partners Assets
NB Socially Responsive Assets
------------------------------------------------------------------------------------------------------------------
NB Genesis Institutional 1. To elect Trustees
2. To approve a change in the fundamental investment limitation
concerning diversification
3. To ratify the selection of independent auditors/accountants
4. To approve an Agreement and Plan of Reorganization
------------------------------------------------------------------------------------------------------------------
<PAGE>
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NB AMT Balanced Portfolio 1. To elect Trustees
NB AMT Growth Portfolio 2. To approve a change in the fundamental investment
NB AMT Guardian Portfolio limitations concerning diversification
NB AMT Limited Maturity Bond 3. To ratify the selection of independent auditors/accountants
Portfolio
NB AMT Liquid Assets Portfolio
NB AMT Mid-Cap Growth
Portfolio
NB AMT Partners Portfolio
NB AMT Socially Responsive
Portfolio
------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
HIGHLIGHTS BOX:
Cast your proxy vote on the Proposals that relate to the Funds you own.
Intro Page:
NEUBERGER BERMAN COMBINED PROXY STATEMENT AND PROSPECTUS
On or about August 25th, Neuberger Berman mailed a combined Proxy Statement and
Prospectus to the shareholders of record as of August 15, 2000. As a shareholder
of the Funds, you are asked to review the combined Proxy Statement and
Prospectus and to cast your vote on the Proposals that relate to the Funds you
own. The Shareholder Meeting is scheduled for October 31, 2000.
The goal of one of the Proposals is to make the Funds more efficient to operate
and the structure easier to understand. Other Proposals would allow certain
Funds greater investment flexibility; one authorizes certain Funds to adopt a
distribution and shareholder services plan.
Your vote is important to us. Voting your shares early will permit the Funds to
avoid costly follow-up mailings and telephone solicitation. To help save you
time, we have created the opportunity for you to cast your proxy vote online. If
we do not hear from you by September 18, our proxy solicitor may contact you. We
have prepared a brief set of frequently asked questions for your review. For
more details on the Proposals, please see the combined Proxy Statement and
Prospectus you received in the mail, or click here to view the document online.
FAQ PAGE
FREQUENTLY ASKED QUESTIONS
Q: WHO IS ELIGIBLE TO VOTE?
A: All shareholders of record as of August 15, 2000.
Q: WHY AM I BEING ASKED TO VOTE?
A: Mutual fund companies are required to obtain shareholders' votes for certain
types of changes affecting their funds. As a shareholder, you have a right to
vote on these changes, like those included in the combined Proxy Statement
and Prospectus.
Q: WHAT PROPOSALS AM I BEING ASKED TO VOTE ON?
A: Depending on the number of Fund(s) you own, you are being asked to vote on
different Proposals. To see what Proposals apply to your Fund, please click
on the Fund name listed below.
<TABLE>
<CAPTION>
<S> <C> <C>
NB Cash Reserves NB Century Trust NB Focus Assets
NB Century Fund NB Focus Trust NB Genesis Assets
NB Focus Fund NB Genesis Trust NB Guardian Assets
NB Genesis Fund NB Guardian Trust NB Manhattan Assets
NB Guardian Fund NB Institutional Cash Trust NB Millennium Assets
NB Government Money Fund NB International Trust NB Partners Assets
NB High Yield Bond NB Limited Maturity Bond Trust NB Socially Responsive
Fund NB Manhattan Trust Assets
NB International Fund NB Millennium Trust NB Genesis Institutional
<PAGE>
NB Limited Maturity NB Partners Trust
Bond Fund NB Regency Trust
NB Manhattan Fund NB Socially Responsive Trust
NB Millennium Fund NB Technology Trust
NB Municipal Money Fund
NB Municipal Securities
Trust
NB Partners Fund
NB Regency Fund
NB Socially Responsive
Fund
NB Technology Fund
</TABLE>
Q: HOW DOES THE BOARD RECOMMEND I VOTE?
A: Your Fund's Board has approved these Proposals. Your vote is entirely up to
you. The combined Proxy Statement and Prospectus you received is a detailed
document to assist you in making your decisions. Please read it carefully
before you vote. It includes the changes the Board recommends for your
approval and details of the specific Proposals.
Q: WHAT HAPPENS IF I DON'T VOTE?
A: You won't have a voice in how your Fund is managed. So please, send in your
proxy card by mail, vote by telephone (call 1-888-221-0697), or click here
to vote online.
Q: HOW CAN I VOTE?
A: You can vote your shares:
ONLINE: You can vote by clicking HERE or visit www.proxyweb.com.
BY MAIL: Complete and sign the proxy card and return it in the postage
paid envelope.
BY PHONE: To vote by phone, call Toll-Free 1-888-221-0697.
IN PERSON: If you do plan to attend the meeting, please notify us by calling
Toll-Free 1-800-877-9700.
Q: HOW MANY VOTES DO I HAVE?
A: Your vote is equal to the number of shares you hold in each Fund that you
own on the record date.
Q: WHY DID I RECEIVE MULTIPLE PROXY CARDS?
A: You will receive a proxy card for each Fund that you own. For example, if
you own three Neuberger Berman Funds, you will receive three cards. Please
be sure to complete, sign and return all the cards you receive.
2
<PAGE>
Q: WHY AM I BEING ASKED TO VOTE ON A NEW BOARD OF TRUSTEES?
A: The Board of Trustees of your Fund has voted in favor of creating a single
Board of Trustees responsible for all of the Funds in the Neuberger Berman
Fund family. It is the Boards' belief that the Funds and Neuberger Berman
Management Inc. would benefit from considerable efficiencies and that
shareholder interests will be more effectively represented if the same
individuals serve on each of the Boards.
Q. WHAT MAKES SOMEONE QUALIFIED TO BE A TRUSTEE?
A: Our mutual fund Trustees have significant breadth and depth of professional
and business experience and expertise. Their backgrounds include academic
and business careers; investing; consulting; not-for-profit organizations;
and law. Those in business include individuals in a variety of financial
service areas, including broker/dealer, venture capital, and insurance. Our
Boards benefit from a balance of different talents and skills to qualify as
Trustees. By combining our Fund Boards, we'll have a pool of candidates
already familiar with the Neuberger Berman Fund family, its manager,
underwriter, administrator, and methods of operation, the mutual fund
business and the comprehensive regulatory regime under which it operates, as
well as the special responsibilities that the law assigns to mutual fund
trustees.
Q: WHY ARE THE FUNDS' FUNDAMENTAL INVESTMENT RESTRICTIONS ON PORTFOLIO
DIVERSIFICATION BEING MODIFIED?
A: The Board believes that the proposed change will provide the Funds with
greater flexibility to respond to certain present and future investment
opportunities. Certain fundamental restrictions, in their current form,
impede the Funds' use of portfolio management techniques that are now used
by other mutual funds.
Q: WHY AM I BEING ASKED TO VOTE ON THE RATIFICATION OF INDEPENDENT
AUDITORS/ACCOUNTANTS?
A: The independent auditors/accountants perform audits of the Funds' financial
statements to obtain reasonable assurance about whether they are free of
material misstatements. Because financial reporting involves discretionary
decision making, their opinion is important to both the Funds and their
shareholders. The SEC currently requires that shareholders ratify the
Board's selection of the independent auditors/accountants when a shareholder
meeting is held.
Q: HOW WILL THE PROPOSED REORGANIZATION AFFECT ME AS A SHAREHOLDER? (ONLY
APPLIES TO SHAREHOLDERS OF NB EQUITY TRUST, NB INCOME TRUST, NB EQUITY
ASSETS AND NB EQUITY SERIES)
A: The proposed reorganization will not alter your investment program and will
have no material effect on your shareholder rights or account. The
reorganization is being proposed to take advantage of a fund structure
(classes of shares) that will simplify operations and is more common in the
mutual fund industry.
Q: IS MY COST BASIS AFFECTED IN ANY WAY DUE TO THE CONVERSION TO CLASSES OF
SHARES?
A: No, your cost basis will not be affected if the conversion to classes is
approved by shareholders.
3
<PAGE>
Q: WHY AM I BEING ASKED TO APPROVE THE IMPLEMENTATION OF A DISTRIBUTION AND
SHAREHOLDER SERVICES PLAN? (ONLY APPLIES TO SHAREHOLDERS OF NB GENESIS,
GUARDIAN AND PARTNERS TRUST)
A: Many shareholders want access to our Funds via third parties, such as
pension plans and broker-dealers, and costs associated with servicing
shareholders have increased, mainly due to investments in technology. This
fee will help defray a portion of the costs associated with shareholder
servicing activities, marketing and distribution. It will also help the
Funds attract more assets by making the Funds available through additional
channels.
Q: WHAT IS A 12B-1 FEE?
A: The 12b-1 fee is named after a rule under the Investment Company Act of
1940, the federal law that governs all mutual funds. This rule allows a Fund
to use its own assets to pay for certain marketing, distribution and
shareholder servicing costs. Many funds have a 12b-1 fee of 25 basis points.
You are being asked to approve a 10 basis points fee.
Q: HOW WILL THIS AFFECT MY INVESTMENT?
A: On a $1,000 investment, a 12b-1 fee of 10 basis points will equal $1 per
year. You will not pay this directly. Rather, it will be paid to Neuberger
Berman Management Inc., the Fund's distributor, and becomes part of the
annual operating expenses paid by the Fund.
Q: WHY AM I BEING ASKED TO MODIFY A FUNDAMENTAL RESTRICTION ON INDUSTRY
CONCENTRATION? (ONLY APPLIES TO SHAREHOLDERS OF NB CASH RESERVES)
A: The Board believes changing this fundamental restriction will provide NB
Cash Reserves with greater investment flexibility to purchase instruments
that are either issued or guaranteed by companies in the financial services
group of industries, as an increasing number of suitable investments for
money market funds are being issued by financial services companies. This
change will allow the Fund to remain competitive with other money market
funds that can invest to a greater extent in instruments issued by companies
in this industry group.
Q. WHY AM I BEING ASKED TO CHANGE CERTAIN OF NB GOVERNMENT MONEY FUND'S
FUNDAMENTAL POLICIES?
A: The proposed changes will provide NB Government Money Fund with greater
flexibility to invest in a broader array of U.S. Government securities and
in repurchase agreements, and allow it to expand its borrowing and lending
ability in an effort to earn more income. Repurchase agreements are
techniques frequently used by money market funds to invest idle cash on a
short-term basis. The proposed changes would also allow the Fund to borrow
money, or to loan portfolio securities to banks, brokerage firms or other
institutional investors to earn income. The Board believes these changes
will give the Fund the opportunity to remain competitive with other U.S.
Government money market funds that have this broader investment flexibility,
although they will increase risk to a limited extent.
Q: WHO DO I CALL FOR MORE INFORMATION?
A: Please call Toll-Free 1-800-877-9700 Monday through Friday, 8:00 a.m. to
8:00 p.m. and Saturday, 8:00 a.m. through 6:00 p.m., with any additional
questions you may have. Our Shareholder Representatives will be happy to
assist you.
4
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GOVERNMENT MONEY FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. TO MODIFY THE FUNDAMENTAL POLICY TO PERMIT INVESTMENT IN [ ] FOR [ ] AGAINST [ ] ABSTAIN
ALL SECURITIES ISSUED OR GUARANTEED BY THE U.S.
GOVERNMENT.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. TO MODIFY THE FUNDAMENTAL LENDING POLICY TO PERMIT [ ] FOR [ ] AGAINST [ ] ABSTAIN
REPURCHASE AGREEMENTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. TO MODIFY THE FUNDAMENTAL BORROWING POLICY TO PERMIT [ ] FOR [ ] AGAINST [ ] ABSTAIN
REVERSE REPURCHASE AGREEMENTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. TO MODIFY THE FUNDAMENTAL LENDING POLICY TO PERMIT [ ] FOR [ ] AGAINST [ ] ABSTAIN
SECURITIES LENDING.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GENESIS TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
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PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. TO APPROVE THE DISTRIBUTION AND SHAREHOLDER SERVICES [ ] FOR [ ] AGAINST [ ] ABSTAIN
PLAN.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GUARDIAN TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
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PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. TO APPROVE THE DISTRIBUTION AND SHAREHOLDER SERVICES [ ] FOR [ ] AGAINST [ ] ABSTAIN
PLAN.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
PARTNERS TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. TO APPROVE THE DISTRIBUTION AND SHAREHOLDER SERVICES [ ] FOR [ ] AGAINST [ ] ABSTAIN
PLAN.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
FOCUS ASSETS
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GENESIS ASSETS
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GUARDIAN ASSETS
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nomnee(s) you
wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MANHATTAN ASSETS
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MILLENNIUM ASSETS
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)you
wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
PARTNERS ASSETS
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
SOCIALLY RESPONSIVE ASSETS
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
REGENCY TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
SOCIALLY RESPONSIVE TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
TECHNOLOGY TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MILLENNIUM TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
CENTURY TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
FOCUS TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MANHATTAN TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
INSTITUTIONAL CASH TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GENESIS INSTITUTIONAL
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF ERNST & YOUNG LLP AS THE [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDEPENDENT AUDITORS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. TO APPROVE AN AGREEMENT AND PLAN OF REORGANIZATION. [ ] FOR [ ] AGAINST [ ] ABSTAIN
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
CENTURY FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GENESIS FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
GUARDIAN FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
HIGH YIELD BOND FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
-------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
INTERNATIONAL FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
LIMITED MATURITY BOND FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MANHATTAN FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MILLENNIUM FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MUNICIPAL MONEY FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
PARTNERS FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
REGENCY FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
SOCIALLY RESPONSIVE FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
TECHNOLOGY FUND
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
MUNICIPAL SECURITIES TRUST
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
<PAGE>
INTERNET PROXY VOTING SERVICE
PROXY VOTING FORM
NEUBERGER BERMAN FUNDS
CASH RESERVES
NEUBERGER BERMAN
THE TRUSTEES RECOMMEND A VOTE "FOR" EACH OF THE FOLLOWING PROPOSALS.
When using a 'For all except' response, enter the number(s) of the nominee(s)
you wish to withhold on, separated by a comma, in the text field.
<TABLE>
<CAPTION>
<S> <C> <C> <C>
PROPOSAL 1. TO ELECT THE NOMINEES SPECIFIED BELOW AS TRUSTEES:
(01) JOHN CANNON (02) FAITH COLISH [ ] FOR ALL [ ] WITHHOLD
(03) WALTER G. EHLERS (04) C. ANNE HARVEY AUTHORITY [ ] FOR ALL EXCEPT
(05) BARRY HIRSCH (06) MICHAEL M. KASSEN
(07) ROBERT A. KAVESH (08) HOWARD A. MILEAF ------------------------------
(09) EDWARD I. O'BRIEN (10) JOHN T. PATTERSON, JR. ------------------------------
(11) JOHN P. ROSENTHAL (12) WILLIAM E. RULON
(13) CORNELIUS T. RYAN (14) TOM DECKER SEIP
(15) GUSTAVE H. SHUBERT (16) CANDACE L. STRAIGHT
(17) PETER E. SUNDMAN (18) PETER P. TRAPP
</TABLE>
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 2. TO APPROVE A CHANGE IN THE FUNDAMENTAL INVESTMENT [ ] FOR [ ] AGAINST [ ] ABSTAIN
LIMITATION CONCERNING DIVERSIFICATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 3. TO APPROVE THE SELECTION OF PRICEWATERHOUSECOOPERS LLP [ ] FOR [ ] AGAINST [ ] ABSTAIN
AS INDEPENDENT ACCOUNTANTS.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 4. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 5. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 6. TO APPROVE A CHANGE IN THE FUNDAMENTAL RESTRICTION CONCERNING [ ] FOR [ ] AGAINST [ ] ABSTAIN
INDUSTRY CONCENTRATION.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7A. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7B. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7C. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
PROPOSAL 7D. NOT APPLICABLE. YOUR FUND IS NOT SEEKING A VOTE FOR THIS [X] NOT APPLICABLE
PROPOSAL.
------------------------------------------------------------------------------------------------------------------------
</TABLE>
Please refer to the proxy statement for discussion of each of these matters.
UNLESS INDICATED TO THE CONTRARY, THIS PROXY SHALL BE DEEMED TO GRANT AUTHORITY
TO VOTE "FOR" ALL LISTED NOMINEES FOR TRUSTEE AND ALL LISTED PROPOSALS SET FORTH
IN THIS PROXY STATEMENT RELATING TO THE FUND AND DISCRETIONARY POWER TO VOTE
UPON SUCH OTHER BUSINESS AS MAY PROPERLY COME BEFORE THE MEETING.
--------------------------------------------------------------------------------
To receive email confirmation, enter your email address here: _______________
Press this button to [Submit] your Proxy Vote.
YOUR VOTE IS IMPORTANT
NO MATTER HOW MANY SHARES YOU OWN.
PLEASE REVIEW YOUR SELECTIONS CAREFULLY BEFORE VOTING.
IF YOU VOTE MORE THAN ONCE ON THE SAME PROXY, ONLY YOUR LAST (MOST RECENT) VOTE
WILL BE CONSIDERED VALID.
