NEUBERGER&BERMAN
EQUITY ASSETS
Supplement to the Prospectus dated December 15, 1997
EFFECTIVE AS OF THE CLOSE OF BUSINESS ON MARCH 6, 1998, NEUBERGER & BERMAN
GENESIS ASSETS (THE "FUND") WILL BE CLOSED TO PURCHASES BY NEW INVESTORS EXCEPT
FOR PURCHASES BY ELIGIBLE INVESTORS AS DESCRIBED BELOW.
If you are already a shareholder of the Fund, you may continue to add to your
Fund account. If you own shares of the Fund through a 401(k) plan, you may
continue to add to your investment.
In addition, you may purchase shares of the Fund:
* until April 15, 1998, if you are opening a new Individual Retirement
Account ("IRA");
* if you are a participant in a 401(k) plan that has the Fund as an
investment option; or
* if you purchase shares under an asset allocation program sponsored by a
financial adviser who has one or more clients who are Fund shareholders.
The date of this Supplement is March 2, 1998.
