CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
We consent to the references to our firm under the captions "Financial
Highlights" in the Prospectus dated December 1, 1999, and "Reports to
Shareholders," "Independent Auditors/Accountants" and "Financial Statements" in
the Statement of Additional Information dated December 1, 1999, of the Neuberger
Berman Equity Funds, and to the incorporation by reference of our reports dated
October 1, 1999 with respect to the financial statements and financial
highlights of the Neuberger Berman Focus Fund, Neuberger Berman Genesis Fund,
Neuberger Berman Guardian Fund, Neuberger Berman International Fund, and
Neuberger Berman Partners Fund (five of the series comprising Neuberger Berman
Equity Funds), and the Neuberger Berman Focus Portfolio, Neuberger Berman
Genesis Portfolio, Neuberger Berman Guardian Portfolio, and Neuberger Berman
Partners Portfolio (four of the series comprising Neuberger Berman Equity
Managers Trust), and the Neuberger Berman International Portfolio (the only
series comprising Neuberger Berman Global Managers Trust) included in the August
31, 1999 Annual Reports to Shareholders dated December 1, 1999, which Prospectus
and Statement of Additional Information are incorporated by reference in the
Combined Proxy Statement and Prospectus included in this Registration Statement
on Form N-14 (File No. 2-11357) of Neuberger Berman Equity Funds.
/s/ ERNST & YOUNG LLP
---------------------
ERNST & YOUNG LLP
Boston, Massachusetts
July 28, 2000
<PAGE>
CONSENT OF INDEPENDENT ACCOUNTANTS
We hereby consent to the incorporation by reference in the Combined Proxy
Statement and Prospectus and Statement of Additional Information
constituting parts of this Registration Statement on Form N-14 (the
"Registration Statement") of our reports dated October 8, 1999, relating
to the financial statements and financial highlights of Neuberger Berman
Millennium Portfolio, Neuberger Berman Millennium Fund, Neuberger Berman
Millennium Trust, Neuberger Berman Regency Portfolio, Neuberger Berman
Regency Fund, Neuberger Berman Regency Trust, Neuberger Berman Manhattan
Portfolio, Neuberger Berman Manhattan Fund, Neuberger Berman Manhattan
Trust, Neuberger Berman Manhattan Assets, Neuberger Berman Socially
Responsive Portfolio, Neuberger Berman Socially Responsive Fund, Neuberger
Berman Socially Responsive Trust and Neuberger Berman Socially Responsive
Assets (the "Funds") appearing in the August 31, 1999 Annual Reports to
Shareholders, which financial statements and financial highlights are also
incorporated by reference into the Registration Statement. We also consent
to the references to us in paragraphs 4, 5 and 6 of the Statement of
Additional Information in such Registration Statement. We further consent
to the references to us under the headings "Financial Highlights" in the
Prospectuses of the Funds dated December 1, 1999 and under the headings
"Report to Shareholders", "Independent Auditors/Accountants" and
"Financial Statements" in the Statements of Additional Information of the
Funds dated December 1, 1999 which are incorporated by reference into the
Registration Statement.
/s/PricewaterhouseCoopers LLP
-------------------------------
PricewaterhouseCoopers LLP
Boston, Massachusetts
July 28, 2000
