NEUBERGER & BERMAN EQUITY TRUST
497, 1998-10-13
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      NEUBERGER&BERMAN
      EQUITY TRUST


 SUPPLEMENT TO THE PROSPECTUS DATED DECEMBER 15, 1997, AS AMENDED MAY 14, 1998.

THE FOLLOWING DISCLOSURE REGARDING NEUBERGER&BERMAN GENESIS TRUST IS ADDED TO
THE PROSPECTUS:

Effective October 14, 1998, Neuberger&Berman GENESIS Trust is open to purchases
by new investors.




The date of this Supplement is October 14, 1998.





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