Neuberger&Berman
Advisers Management Trust
Joint Prospectus
Supplement to the Prospectus dated May 1, 1997, as previously supplemented June
3, 1997.
The following replaces the paragraph for AMT Growth Investments and AMT
Balanced Investments (equity portion) on page 35 of the Prospectus:
AMT Growth Investments and AMT Balanced Investments (equity portion) -
Jennifer K. Silver. Ms. Silver is a Vice President of N&B Management, a
principal of Neuberger&Berman and Director of the Neuberger&Berman Growth Equity
Group. She is responsible for AMT Growth Investments and AMT Balanced
Investments (equity portion) as of July 15, 1997. Previously, she was portfolio
manager for several large mutual funds managed by a prominent investment
adviser.
The date of this supplement is July 15, 1997.
<PAGE>
Neuberger&Berman
Advisers Management Trust
Growth Portfolio Prospectus
Supplement to the Prospectus dated May 1, 1997
The following replaces the third paragraph under the heading "Investment
Manager, Administrator, Sub-Adviser and Distributor" on page 16 of the
Prospectus:
Jennifer K. Silver is primarily responsible for the day-to-day management
of AMT Growth Investments. Ms. Silver is a Vice President of N&B Management, a
principal of Neuberger&Berman and Director of the Neuberger&Berman Growth Equity
Group. She is responsible for AMT Growth Investments as of July 15, 1997.
Previously, she was portfolio manager for several large mutual funds managed by
a prominent investment adviser.
The date of this supplement is July 15, 1997.
<PAGE>
Neuberger&Berman
Advisers Management Trust
Balanced Portfolio Prospectus
Supplement to the Prospectus dated May 1, 1997
The following replaces the fifth paragraph under the heading "Investment
Manager, Administrator, Sub-Adviser and Distributor" on page 19 of the
Prospectus:
Jennifer K. Silver is primarily responsible for the day-to-day management
of the equity securities portion of AMT Balanced Investments. Ms. Silver is a
Vice President of N&B Management, a principal of Neuberger&Berman and Director
of the Neuberger&Berman Growth Equity Group. She is responsible for the equity
securities portion of AMT Balanced Investments as of July 15, 1997. Previously,
she was portfolio manager for several large mutual funds managed by a prominent
investment adviser.
The date of this supplement is July 15, 1997.
