<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Focus Fund Annual Report and is qualified in its entirety
by reference to such document.
</LEGEND>
<CIK> 0000044402
<NAME> NEUBERGER BERMAN EQUITY FUNDS
<SERIES>
<NUMBER> 04
<NAME> NEUBERGER BERMAN FOCUS 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> 1,987,245
<RECEIVABLES> 10,294
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,997,539
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,177
<TOTAL-LIABILITIES> 1,177
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 802,608
<SHARES-COMMON-STOCK> 39,447
<SHARES-COMMON-PRIOR> 36,958
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 152,941
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,040,813
<NET-ASSETS> 1,996,362
<DIVIDEND-INCOME> 11,376
<INTEREST-INCOME> 1,459
<OTHER-INCOME> 0
<EXPENSES-NET> (13,197)
<NET-INVESTMENT-INCOME> (362)
<REALIZED-GAINS-CURRENT> 158,763
<APPREC-INCREASE-CURRENT> 583,112
<NET-CHANGE-FROM-OPS> 741,513
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (356)
<DISTRIBUTIONS-OF-GAINS> (188,772)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7,921
<NUMBER-OF-SHARES-REDEEMED> (9,470)
<SHARES-REINVESTED> 4,398
<NET-CHANGE-IN-ASSETS> 669,754
<ACCUMULATED-NII-PRIOR> 118
<ACCUMULATED-GAINS-PRIOR> 183,643
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 13,197
<AVERAGE-NET-ASSETS> 1,561,807
<PER-SHARE-NAV-BEGIN> 36.25
<PER-SHARE-NII> (.01)
<PER-SHARE-GAIN-APPREC> 19.69
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> (5.31)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 50.61
<EXPENSE-RATIO> .84
</TABLE>
