<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Focus Trust Annual Report and is qualified in its entirety
by reference to such document.
</LEGEND>
<CIK> 0000906926
<NAME> NEUBERGER BERMAN EQUITY TRUST
<SERIES>
<NUMBER> 04
<NAME> NEUBERGER BERMAN FOCUS TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> AUG-31-2000
<PERIOD-END> AUG-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 367,858
<RECEIVABLES> 5,151
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 373,009
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 591
<TOTAL-LIABILITIES> 591
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 210,245
<SHARES-COMMON-STOCK> 10,540
<SHARES-COMMON-PRIOR> 9,145
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 15,926
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 146,247
<NET-ASSETS> 372,418
<DIVIDEND-INCOME> 1,780
<INTEREST-INCOME> 238
<OTHER-INCOME> 0
<EXPENSES-NET> (2,543)
<NET-INVESTMENT-INCOME> (525)
<REALIZED-GAINS-CURRENT> 17,197
<APPREC-INCREASE-CURRENT> 96,943
<NET-CHANGE-FROM-OPS> 113,615
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (12,691)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,107
<NUMBER-OF-SHARES-REDEEMED> (7,125)
<SHARES-REINVESTED> 413
<NET-CHANGE-IN-ASSETS> 156,398
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 11,762
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,572
<AVERAGE-NET-ASSETS> 243,340
<PER-SHARE-NAV-BEGIN> 23.62
<PER-SHARE-NII> (.05)
<PER-SHARE-GAIN-APPREC> 13.40
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.64)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 35.33
<EXPENSE-RATIO> 1.05
</TABLE>
