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042 A000600 0
042 B000600 0
042 C000600 0
042 D000600 100
042 E000600 0
042 F000600 0
042 G000600 0
042 H000600 0
043 000600 0
044 000600 0
070 A010600 Y
070 A020600 N
070 B010600 Y
070 B020600 N
<PAGE> PAGE 22
070 C010600 Y
070 C020600 N
070 D010600 N
070 D020600 N
070 E010600 N
070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 Y
070 K020600 Y
070 L010600 Y
070 L020600 N
070 M010600 Y
070 M020600 N
070 N010600 Y
070 N020600 N
070 O010600 N
070 O020600 N
070 P010600 Y
070 P020600 N
070 Q010600 N
070 Q020600 N
070 R010600 N
070 R020600 N
071 A000600 0
071 B000600 0
071 C000600 0
071 D000600 0
072 A000600 6
072 B000600 63
072 C000600 365
072 D000600 0
072 E000600 0
072 F000600 0
072 G000600 81
072 H000600 0
072 I000600 9
072 J000600 5
072 K000600 0
072 L000600 20
072 M000600 0
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072 O000600 1
<PAGE> PAGE 23
072 P000600 0
072 Q000600 0
072 R000600 3
072 S000600 8
072 T000600 51
072 U000600 6
072 V000600 0
072 W000600 151
072 X000600 369
072 Y000600 64
072 Z000600 123
072AA000600 0
072BB000600 1295
072CC010600 1350
072CC020600 0
072DD010600 113
072DD020600 0
072EE000600 0
073 A010600 0.0300
073 A020600 0.0000
073 B000600 0.0000
073 C000600 0.0000
074 A000600 0
074 B000600 0
074 C000600 0
074 D000600 0
074 E000600 0
074 F000600 0
074 G000600 0
074 H000600 0
074 I000600 56806
074 J000600 0
074 K000600 18
074 L000600 761
074 M000600 38
074 N000600 57623
074 O000600 0
074 P000600 28
074 Q000600 0
074 R010600 0
074 R020600 0
074 R030600 0
074 R040600 49
074 S000600 0
074 T000600 57546
074 U010600 5045
074 U020600 0
074 V010600 11.41
074 V020600 0.00
074 W000600 0.0000
074 X000600 134
<PAGE> PAGE 24
074 Y000600 0
075 A000600 40933
075 B000600 0
076 000600 0.00
013 A000701 PRICEWATERHOUSECOOPERS LLP
013 B010701 BOSTON
013 B020701 MA
013 B030701 02109
028 A010700 0
028 A020700 0
028 A030700 0
028 A040700 0
028 B010700 0
028 B020700 0
028 B030700 0
028 B040700 0
028 C010700 0
028 C020700 0
028 C030700 0
028 C040700 0
028 D010700 0
028 D020700 0
028 D030700 0
028 D040700 0
028 E010700 0
028 E020700 0
028 E030700 0
028 E040700 0
028 F010700 0
028 F020700 0
028 F030700 0
028 F040700 0
028 G010700 0
028 G020700 0
028 G030700 0
028 G040700 0
028 H000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 N
041 000700 N
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 0
043 000700 0
<PAGE> PAGE 25
044 000700 0
070 A010700 Y
070 A020700 N
070 B010700 Y
070 B020700 N
070 C010700 Y
070 C020700 N
070 D010700 N
070 D020700 N
070 E010700 Y
070 E020700 N
070 F010700 Y
070 F020700 N
070 G010700 Y
070 G020700 N
070 H010700 Y
070 H020700 N
070 I010700 N
070 I020700 N
070 J010700 Y
070 J020700 N
070 K010700 Y
070 K020700 N
070 L010700 Y
070 L020700 N
070 M010700 Y
070 M020700 N
070 N010700 Y
070 N020700 N
070 O010700 N
070 O020700 N
070 P010700 Y
070 P020700 N
070 Q010700 N
070 Q020700 N
070 R010700 N
070 R020700 N
071 A000700 0
071 B000700 0
071 C000700 0
071 D000700 0
072 A000700 6
072 B000700 0
072 C000700 0
072 D000700 0
072 E000700 0
072 F000700 0
072 G000700 0
072 H000700 0
072 I000700 0
072 J000700 0
<PAGE> PAGE 26
072 K000700 0
072 L000700 0
072 M000700 0
072 N000700 0
072 O000700 0
072 P000700 0
072 Q000700 0
072 R000700 0
072 S000700 0
072 T000700 0
072 U000700 0
072 V000700 0
072 W000700 0
072 X000700 0
072 Y000700 0
072 Z000700 0
072AA000700 0
072BB000700 0
072CC010700 0
072CC020700 0
072DD010700 0
072DD020700 0
072EE000700 0
073 A010700 0.0000
073 A020700 0.0000
073 B000700 0.0000
073 C000700 0.0000
074 A000700 0
074 B000700 0
074 C000700 0
074 D000700 0
074 E000700 0
074 F000700 0
074 G000700 0
074 H000700 0
074 I000700 0
074 J000700 0
074 K000700 0
074 L000700 0
074 M000700 0
074 N000700 0
074 O000700 0
074 P000700 0
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074 R010700 0
074 R020700 0
074 R030700 0
074 R040700 0
074 S000700 0
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074 U010700 0
<PAGE> PAGE 27
074 U020700 0
074 V010700 0.00
074 V020700 0.00
074 W000700 0.0000
074 X000700 0
074 Y000700 0
075 A000700 0
075 B000700 0
076 000700 0.00
SIGNATURE RICHARD RUSSELL
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Focus Assets Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000914228
<NAME> NEUBERGER BERMAN EQUITY ASSETS
<SERIES>
<NUMBER> 02
<NAME> NEUBERGER BERMAN FOCUS ASSETS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,546
<RECEIVABLES> 232
<ASSETS-OTHER> 29
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,807
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 263
<TOTAL-LIABILITIES> 263
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,007
<SHARES-COMMON-STOCK> 96
<SHARES-COMMON-PRIOR> 42
<ACCUMULATED-NII-CURRENT> (3)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 66
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 474
<NET-ASSETS> 1,544
<DIVIDEND-INCOME> 6
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> (9)
<NET-INVESTMENT-INCOME> (3)
<REALIZED-GAINS-CURRENT> 79
<APPREC-INCREASE-CURRENT> 568
<NET-CHANGE-FROM-OPS> 644
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 145
<NUMBER-OF-SHARES-REDEEMED> (91)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 1,068
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (12)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 66
<AVERAGE-NET-ASSETS> 1,265
<PER-SHARE-NAV-BEGIN> 11.31
<PER-SHARE-NII> (.03)
<PER-SHARE-GAIN-APPREC> 4.74
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.01
<EXPENSE-RATIO> 1.50<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial informatiaon extracted from the
Neuberger Berman Guardian Assets Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000914228
<NAME> NEUBERGER BERMAN EQUITY ASSETS
<SERIES>
<NUMBER> 03
<NAME> NEUBERGER BERMAN GUARDIAN ASSETS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 23,619
<RECEIVABLES> 1
<ASSETS-OTHER> 29
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23,649
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 43
<TOTAL-LIABILITIES> 43
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,445
<SHARES-COMMON-STOCK> 1,758
<SHARES-COMMON-PRIOR> 1,623
<ACCUMULATED-NII-CURRENT> 5
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (983)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,139
<NET-ASSETS> 23,606
<DIVIDEND-INCOME> 105
<INTEREST-INCOME> 61
<OTHER-INCOME> 0
<EXPENSES-NET> (161)
<NET-INVESTMENT-INCOME> 5
<REALIZED-GAINS-CURRENT> (715)
<APPREC-INCREASE-CURRENT> 5,259
<NET-CHANGE-FROM-OPS> 4,549
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 254
<NUMBER-OF-SHARES-REDEEMED> (119)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6,057
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (268)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 186
<AVERAGE-NET-ASSETS> 21,606
<PER-SHARE-NAV-BEGIN> 10.81
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 2.61
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.42
<EXPENSE-RATIO> 1.51<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Manhattan Assets Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000914228
<NAME> NEUBERGER BERMAN EQUITY ASSETS
<SERIES>
<NUMBER> 04
<NAME> NEUBERGER BERMAN MANHATTAN ASSETS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 199
<RECEIVABLES> 258
<ASSETS-OTHER> 29
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 486
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 265
<TOTAL-LIABILITIES> 265
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 196
<SHARES-COMMON-STOCK> 16
<SHARES-COMMON-PRIOR> 19
<ACCUMULATED-NII-CURRENT> (1)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (2)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28
<NET-ASSETS> 221
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1
<OTHER-INCOME> 0
<EXPENSES-NET> (2)
<NET-INVESTMENT-INCOME> (1)
<REALIZED-GAINS-CURRENT> (2)
<APPREC-INCREASE-CURRENT> 56
<NET-CHANGE-FROM-OPS> 53
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (1)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3
<NUMBER-OF-SHARES-REDEEMED> (6)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 13
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 63
<AVERAGE-NET-ASSETS> 213
<PER-SHARE-NAV-BEGIN> 10.76
<PER-SHARE-NII> (.06)
<PER-SHARE-GAIN-APPREC> 2.94
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.10)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.54
<EXPENSE-RATIO> 1.50<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Partners Assets Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000914228
<NAME> NEUBERGER BERMAN EQUITY ASSETS
<SERIES>
<NUMBER> 05
<NAME> NEUBERGER BERMAN PARTNERS ASSETS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 60,211
<RECEIVABLES> 56
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 60,295
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 173
<TOTAL-LIABILITIES> 173
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 56,116
<SHARES-COMMON-STOCK> 3,995
<SHARES-COMMON-PRIOR> 2,325
<ACCUMULATED-NII-CURRENT> (46)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (62)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,114
<NET-ASSETS> 60,122
<DIVIDEND-INCOME> 535
<INTEREST-INCOME> 43
<OTHER-INCOME> 0
<EXPENSES-NET> (384)
<NET-INVESTMENT-INCOME> 194
<REALIZED-GAINS-CURRENT> 662
<APPREC-INCREASE-CURRENT> 8,629
<NET-CHANGE-FROM-OPS> 9,485
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (257)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,417
<NUMBER-OF-SHARES-REDEEMED> (763)
<SHARES-REINVESTED> 16
<NET-CHANGE-IN-ASSETS> 30,843
<ACCUMULATED-NII-PRIOR> 17
<ACCUMULATED-GAINS-PRIOR> (724)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 384
<AVERAGE-NET-ASSETS> 55,499
<PER-SHARE-NAV-BEGIN> 12.59
<PER-SHARE-NII> .04
<PER-SHARE-GAIN-APPREC> 2.48
<PER-SHARE-DIVIDEND> (.06)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.05
<EXPENSE-RATIO> 1.39<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Socially Responsive Trust Semi Annual Report and is
qualified in its entirety by reference to such document.
</LEGEND>
<CIK> 0000914228
<NAME> NEUBERGER BERMAN EQUITY ASSETS
<SERIES>
<NUMBER> 01
<NAME> NEUBERGER BERMAN SOCIALLY RESPONSIVE TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 18,956
<RECEIVABLES> 69
<ASSETS-OTHER> 68
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 19,093
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 36
<TOTAL-LIABILITIES> 36
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 17,056
<SHARES-COMMON-STOCK> 1,452
<SHARES-COMMON-PRIOR> 1,261
<ACCUMULATED-NII-CURRENT> 2
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (173)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,172
<NET-ASSETS> 19,057
<DIVIDEND-INCOME> 102
<INTEREST-INCOME> 18
<OTHER-INCOME> 0
<EXPENSES-NET> (108)
<NET-INVESTMENT-INCOME> 12
<REALIZED-GAINS-CURRENT> (171)
<APPREC-INCREASE-CURRENT> 3,557
<NET-CHANGE-FROM-OPS> 3,398
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (42)
<DISTRIBUTIONS-OF-GAINS> (139)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 351
<NUMBER-OF-SHARES-REDEEMED> (174)
<SHARES-REINVESTED> 14
<NET-CHANGE-IN-ASSETS> 5,641
<ACCUMULATED-NII-PRIOR> 32
<ACCUMULATED-GAINS-PRIOR> 137
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 162
<AVERAGE-NET-ASSETS> 16,883
<PER-SHARE-NAV-BEGIN> 10.64
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 2.61
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.10)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.13
<EXPENSE-RATIO> 1.29<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary finanacial information extracted from the
Neuberger Berman Genesis Assets Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000914228
<NAME> NEUBERGER BERMAN EQUITY ASSETS
<SERIES>
<NUMBER> 06
<NAME> NEUBERGER BERMAN GENESIS ASSETS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 56,806
<RECEIVABLES> 779
<ASSETS-OTHER> 38
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 57,623
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77
<TOTAL-LIABILITIES> 77
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 63,747
<SHARES-COMMON-STOCK> 5,045
<SHARES-COMMON-PRIOR> 2,293
<ACCUMULATED-NII-CURRENT> 58
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,410)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,849)
<NET-ASSETS> 57,546
<DIVIDEND-INCOME> 365
<INTEREST-INCOME> 63
<OTHER-INCOME> 0
<EXPENSES-NET> (305)
<NET-INVESTMENT-INCOME> 123
<REALIZED-GAINS-CURRENT> (1,295)
<APPREC-INCREASE-CURRENT> 1,350
<NET-CHANGE-FROM-OPS> 178
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (113)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,270
<NUMBER-OF-SHARES-REDEEMED> (523)
<SHARES-REINVESTED> 5
<NET-CHANGE-IN-ASSETS> 33,080
<ACCUMULATED-NII-PRIOR> 48
<ACCUMULATED-GAINS-PRIOR> (115)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 369
<AVERAGE-NET-ASSETS> 40,933
<PER-SHARE-NAV-BEGIN> 10.67
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> .75
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.41
<EXPENSE-RATIO> 1.50<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger Berman Millennium Assets Semi Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000914228
<NAME> NEUBERGER BERMAN EQUITY ASSETS
<SERIES>
<NUMBER> 07
<NAME> NEUBERGER BERMAN MILLENNIUM ASSETS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> FEB-28-1999
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</TABLE>
