RULE 10f-3 REPORT FORM
Record Of Securities Purchased
Under The Trust's Rule 10f-3 Procedures
1. Name of Portfolio: Neuberger Berman Socially Responsive Portfolio
2. Name of Issuer: TyCom
3. Date of Purchase: July 26, 2000
4. Underwriter from whom purchased: Goldman, Sachs & Co.
5. "Affiliated Underwriter" managing or participating in underwriting
syndicate: Neuberger Berman, LLC
6. Is a list of the underwriting syndicate's members attached?
Yes __X_ No _____
7. Aggregate principal amount of purchase by all investment companies
advised by the
Adviser or Subadviser: 9,000
8. Aggregate principal amount of offering: 61,130,435
9. Purchase price (net of fees and expenses): $32.00
10. Date offering commenced: July 26, 2000
11. Offering price at close of first day on which any sales were made:
$32.00
12. Commission, spread or profit: 5.00% $1.60/per share
13. Have the following conditions been satisfied?
Yes No
a. The securities are:
part of an issue registered under the
Securities Act of 1933 which is being offered
to the public;
Eligible Municipal Securities;
Sold in an Eligible Foreign Offering; or
sold in an Eligible Rule 144A offering?
(See Appendix B to the Rule 10f-3 Procedures for
definitions of the capitalized terms herein.)
__X_ ____
____ ____
____ ____
____ ____
b. (1) The securities were purchased prior to the end
of the first day on which any sales were made, at a
price that is not more than the price paid by each
other purchaser of securities in that offering or in
any concurrent offering of the securities (except,
in the case of an Eligible Foreign Offering, for any
rights to purchase that are required by law to be
granted to existing security holders of the issuer);
OR
Yes
No
__X_ ____
(2) If the securities to be purchased were offered
for subscription upon exercise of rights, such
securities were purchased on or before the fourth
day preceding the day on which the rights offering
terminates?
____ ____
c. The underwriting was a firm commitment underwriting?
__X_ ____
d. The commission, spread or profit was reasonable and
fair in relation to that being received by others
for underwriting similar securities during the same
period (see Attachment for comparison of spread with
comparable recent offerings)?
__X_ ____
e. The issuer of the securities, except for Eligible
Municipal Securities, and its predecessors have been
in continuous operation for not less than three
years?
__X_ ____
f. (1) The amount of the securities, other than those
sold in an Eligible Rule 144A Offering (see below),
purchased by all of the investment companies advised
by the Adviser did not exceed 25% of the principal
amount of the offering; OR
(2) If the securities purchased were sold in an
Eligible Rule 144A Offering, the amount of such
securities purchased by all of the investment
companies advised by the Adviser or Subadviser did
not exceed 25% of the total of:
(i) The principal amount of the offering of such
class sold by underwriters or members of the
selling syndicate to qualified institutional
buyers, as defined in Rule 144A(a)(1), plus
(ii) The principal amount of the offering of such
class in any concurrent public offering?
__X_ ____
____ ____
g. (1) No affiliated underwriter of the Trust
was a direct or indirect participant in or
beneficiary of the sale; OR
(2) With respect to the purchase of Eligible
Municipal Securities, such purchase was not
designated as a group sale or otherwise allocated to
the account of an affiliated underwriter?
__X_ ____
____ ____
h. Information has or will be timely supplied to the
appropriate officer of the Trust for inclusion on
SEC Form N-SAR and quarterly reports to the
Trustees?
Yes No
__X_ ____
Approved: Date:
3
Attachment
