MANAGEMENT AGREEMENT
                                  SCHEDULE A

                   SERIES OF NEUBERGER BERMAN EQUITY FUNDS

         The Series of Neuberger  Berman Equity Funds currently  subject to this
Agreement are as follows:

Neuberger Berman All Cap Growth Fund
Neuberger Berman Century Fund
Neuberger Berman Fasciano Fund
Neuberger Berman Focus Fund
Neuberger Berman Genesis Fund
Neuberger Berman Guardian Fund
Neuberger Berman International Fund
Neuberger Berman International Institutional Fund
Neuberger Berman International Large Cap 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


Date: September 1, 2006






                                   SCHEDULE B

                              RATE OF COMPENSATION



                                             

FUND                                               RATE  OF  COMPENSATION  BASED ON
                                                   EACH  FUND'S AVERAGE  DAILY NET
                                                   ASSETS

Neuberger Berman All Cap Growth Fund               0.550% of first $250 million
Neuberger Berman Century Fund                      0.525% of next $250 million
Neuberger Berman Focus Fund                        0.500% of next $250 million
Neuberger Berman Guardian Fund                     0.475% of next $250 million
Neuberger Berman International Large Cap Fund      0.450% of next $500 million
Neuberger Berman Manhattan Fund                    0.425% of next $2.5 billion
Neuberger Berman Partners Fund                     0.400% in excess of $4 billion
Neuberger Berman Regency Fund
Neuberger Berman Socially Responsive Fund

Neuberger Berman Fasciano Fund                     0.850% of first $500 million
                                                   0.825% of next $500 million
                                                   0.800% of next $500 million
                                                   0.775% of next $500 million
                                                   0.750% of next $500 million
                                                   0.725% in excess of $2.5 billion

Neuberger Berman Genesis Fund                      0.850% of first $250 million
Neuberger Berman Millennium Fund                   0.800% of next $250 million
                                                   0.750% of next $250 million
                                                   0.700% of next $250 million
                                                   0.650% in excess of $1 billion

Neuberger Berman International Fund                0.850% of first $250 million
Neuberger Berman International Institutional Fund  0.825% of next $250 million
                                                   0.800% of next $250 million
                                                   0.775% of next $250 million
                                                   0.750% of next $500 million
                                                   0.725% of next $1 billion
                                                   0.700% in excess of $2.5 billion

Neuberger Berman Real Estate Fund                  0.850%




Date: September 1, 2006