Exhibit (h)(2)


                          NEUBERGER BERMAN EQUITY FUNDS
                                   TRUST CLASS
                            ADMINISTRATION AGREEMENT

                                   SCHEDULE A




SERIES
------

Neuberger Berman Focus Fund

Neuberger Berman Genesis Fund

Neuberger Berman Guardian Fund

Neuberger Berman International Fund

Neuberger Berman Manhattan Fund

Neuberger Berman Millennium Fund

Neuberger Berman Partners Fund

Neuberger Berman Real Estate Fund

Neuberger Berman Regency Fund

Neuberger Berman Socially Responsive Fund


Dated:  March 7, 2002





                          NEUBERGER BERMAN EQUITY FUNDS
                            ADMINISTRATION AGREEMENT

                                   SCHEDULE B


            Compensation pursuant to Paragraph 3 of the Neuberger Berman Equity
Funds Administration Agreement shall be:

      (1)   For the services provided to the Trust or to each Series without
            regard to class, 0.06% per annum of the average daily net assets of
            the Trust Class of each Series;

      (2)   For the services provided to the Trust Class of a Series and its
            shareholders (including amounts paid to third parties), 0.34% per
            annum of the average daily net assets of the Trust Class of said
            Series; plus in each case

      (3)   certain out-of-pocket expenses for technology used for shareholder
            servicing and shareholder communication, subject to the prior
            approval of an annual budget by the Trust's Board of Trustees,
            including a majority of those Trustees who are not interested
            persons of the Trust or of Neuberger Berman Management Inc., and
            periodic reports to the Board of Trustees on actual expenses.



DATED:  March 7, 2002