NEUBERGER & BERMAN ADVISERS MANAGEMENT TRUST
N-18F1, 1996-12-18
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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                  FORM N-18F-1



                 NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
                    UNDER THE INVESTMENT COMPANY ACT OF 1940




                   NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST

                           (Exact Name of Registrant)



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                            NOTIFICATION OF ELECTION


         The undersigned  registered  open-end  investment company, on behalf of
the following  portfolios:  Balanced  Portfolio,  Government  Income  Portfolio,
Growth  Portfolio,  Limited  Maturity Bond  Portfolio,  Liquid Asset  Portfolio,
Partners Portfolio,  and International  Portfolio (each, a "Portfolio"),  hereby
notifies the Securities and Exchange  Commission  that each Portfolio  elects to
commit  itself  to pay in cash all  redemptions  by a  shareholder  of record as
provided  by  Rule  18f-1  under  the  Investment  Company  Act of  1940.  It is
understood that this election is irrevocable while such Rule is in effect unless
the  Commission  by  order  upon  application  permits  the  withdrawal  of this
Notification of Election.


                                    SIGNATURE

         Pursuant to the requirements of Rule 18f-1 under the Investment Company
Act of 1940, the Registrant has caused this  Notification of Election to be duly
executed  on its  behalf  in the City of New York and the State of New York on
the 10th day of December, 1996.


                                    NEUBERGER&BERMAN ADVISERS MANAGEMENT TRUST


                                    By: /s/ Michael J. Weiner
                                    Name:  Michael J. Weiner
                                    Title: Vice President


Attest:


/s/ Claudia A. Brandon
Claudia A. Brandon
Secretary



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