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 Millennium Trust ("Series"), hereby
notifies the Securities and Exchange Commission that 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
19th day of October, 1998.
NEUBERGER & BERMAN EQUITY TRUST
By:/s/ Michael J. Weiner
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Michael J. Weiner
Vice President
Attest:
/s/ Claudia A. Brandon
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Claudia A. Brandon
Secretary
