NEUBERGER & BERMAN ADVISERS MANAGEMENT TRUST
N-18F1, 1997-10-23
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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 Guardian  Portfolio and Mid-Cap  Growth  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 New York on the 8th
day of October, 1997.


                                    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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