<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Millennium Fund Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 08
<NAME> NEUBERGER BERMAN MILLENNIUM FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 315,848
<RECEIVABLES> 239
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 316,087
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 571
<TOTAL-LIABILITIES> 571
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 225,860
<SHARES-COMMON-STOCK> 8,760
<SHARES-COMMON-PRIOR> 3,409
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 37,598
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 52,058
<NET-ASSETS> 315,516
<DIVIDEND-INCOME> 31
<INTEREST-INCOME> 964
<OTHER-INCOME> 0
<EXPENSES-NET> (3,104)
<NET-INVESTMENT-INCOME> (2,109)
<REALIZED-GAINS-CURRENT> 41,011
<APPREC-INCREASE-CURRENT> 46,150
<NET-CHANGE-FROM-OPS> 85,052
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (8,900)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,590
<NUMBER-OF-SHARES-REDEEMED> (6,541)
<SHARES-REINVESTED> 302
<NET-CHANGE-IN-ASSETS> 249,070
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,462
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,104
<AVERAGE-NET-ASSETS> 224,858
<PER-SHARE-NAV-BEGIN> 19.49
<PER-SHARE-NII> (.24)
<PER-SHARE-GAIN-APPREC> 18.61
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.84)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 36.02
<EXPENSE-RATIO> 1.38
</TABLE>
