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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-18F-1
Notification of Election Pursuant to Rule 18f-1
Under the Investment Company Act of 1940
NEUBERGER & BERMAN EQUITY TRUST
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, on behalf
of the following series: Neuberger & Berman Focus Trust, Neuberger &
Berman Genesis Trust, Neuberger & Berman Guardian Trust, Neuberger &
Berman Manhattan Trust, Neuberger & Berman Partners Trust and Neuberger &
Berman NYCDC Socially Responsive Trust (each, a "Series"), hereby notifies
the Securities and Exchange Commission that each Series 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 County of New York and
the State New York on the 12th day of August, 1996.
NEUBERGER & BERMAN EQUITY TRUST
By /s/ Michael J. Weiner
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Michael J. Weiner
Vice President
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Title
Attest:
/s/ Claudia A. Brandon
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Claudia A. Brandon
Secretary
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