NEUBERGER BERMAN EQUITY TRUST
N-18F1, 1999-12-03
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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 Century Trust and Neuberger Berman Socially
Responsive Trust (each a "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
____ day of December, 1999.

                                        NEUBERGER BERMAN EQUITY TRUST


                                         By:   /s/ Peter Sundman
                                            ---------------------------
                                         Name:  Peter Sundman
                                                -----------------------
                                         Title: Chairman of the Board and
                                                -------------------------
                                                Chief Executive Officer

Attest:

/s/ Claudia A. Brandon
- ------------------------
Claudia A. Brandon
Secretary


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