NEUBERGER&BERMAN
EQUITY TRUST
SUPPLEMENT TO THE PROSPECTUS DATED DECEMBER 15, 1997, AS AMENDED MAY
14, 1998
THE LAST THREE PARAGRAPHS ON PAGE 30 OF THE PROSPECTUS ARE AMENDED TO READ AS
FOLLOWS:
NEUBERGER&BERMAN GENESIS TRUST IS CLOSED TO PURCHASES BY NEW INVESTORS EXCEPT AS
DESCRIBED BELOW:
401(k) plans, 403(b) plans and 457 plans whose administrators have entered
into agreements with N&B Management may purchase shares of the Fund.
In addition,
If you are already a shareholder of Neuberger&Berman GENESIS Trust, you may
add to your Fund account.
If you own shares of the Fund through a 401(k) plan, a 403(b) plan or a
457 plan, you may add to your investment.
This Supplement is dated November 2, 1998, and replaces the Supplement dated
October 14, 1998.
