UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 14A

           Proxy Statement Pursuant to Section 14(a) of the Securities
                      Exchange Act of 1934 (Amendment No. )

Filed by the Registrant                     [X]

Filed by a Party other than the Registrant  [ ]

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[ ]  Preliminary Proxy Statement
[ ]  Confidential,  for  Use  of the Commission Only (as permitted by Rule
     14a-6(e)(2))
[ ]  Definitive Proxy Statement
[X]  Definitive Additional Materials
[ ]  Soliciting Material Pursuant to Section 240.14a-12

                          NEUBERGER BERMAN EQUITY FUNDS
- --------------------------------------------------------------------------------
                (Name of Registrant as Specified In Its Charter)

    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

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SHAREHOLDERS: GET YOUR PROXY INFORMATION!

OVERVIEW

On or about June 18, 2008,  Neuberger Berman mailed a combined  Neuberger Berman
Fasciano Fund  ("Fasciano  Fund") Proxy  Statement and Neuberger  Berman Genesis
Fund  ("Genesis  Fund")  Prospectus   ("Proxy   Statement/Prospectus")   to  the
shareholders of Fasciano Fund. If you are a Fasciano Fund shareholder,  you have
been  asked  to  review  the  Proxy  Statement/Prospectus,  and cast  your  vote
regarding a Plan of Reorganization and Dissolution (the  "Reorganization  Plan")
that would  reorganize  Fasciano  Fund into Genesis  Fund.  The proposal will be
considered at a special  meeting of  shareholders  of Fasciano Fund on August 1,
2008, at 605 Third Avenue, 41st Floor, New York, New York 10158-3698, at 11:00
a.m. Eastern time.

If the  shareholders of Fasciano Fund approve the  Reorganization  Plan, this is
how the reorganization will work:

     o    Fasciano Fund will transfer its assets to Genesis Fund.

     o    In return,  Genesis Fund will issue new shares to Fasciano Fund, which
          then will be  distributed to you in an amount equal in total net asset
          value to the total net asset value of your  Fasciano Fund shares as of
          the closing date of the  reorganization.  Whichever  class of Fasciano
          Fund you now hold - Advisor Class or Investor Class - you will receive
          the same  class of Genesis  Fund.  Genesis  Fund will also  assume all
          liabilities of Fasciano Fund at the time of the reorganization.

     o    Fasciano Fund will dissolve thereafter.

     o    You will not incur any sales loads or similar  transaction  costs as a
          result of the reorganization.

AFTER  CAREFUL  CONSIDERATION,  THE BOARD OF TRUSTEES OF THE TRUST (THE "BOARD")
UNANIMOUSLY  RECOMMENDS THAT YOU SUPPORT THE  REORGANIZATION  AND VOTE "FOR" THE
REORGANIZATION PLAN.

YOUR VOTE IS VERY IMPORTANT TO US REGARDLESS OF THE NUMBER OF SHARES YOU OWN. To
help save you time, we have created the  opportunity  for you to cast your proxy
vote online.  If we do not hear from you after a reasonable  amount of time, you
may  receive  a  telephone  call from our proxy  solicitor,  Computershare  Fund
Services,  reminding you to vote your shares.  It is important that your vote be
received no later than the date and time of the shareholder meeting.



While we encourage  you to read the full text of the Proxy  Statement/Prospectus
that was  previously  mailed to you, we have prepared a set of frequently  asked
questions  which  provides a brief  overview of the proxy voting process and the
proposal to be voted upon.  Please refer to the more complete  information about
the proposal contained in the Proxy Statement/Prospectus.


Frequently Asked Questions

Q:  WHY WAS THE PROXY INFORMATION SENT TO ME?

A:  You received proxy  materials  because you owned shares in the Fasciano Fund
as of June 2, 2008 and have the right to vote on this  very  important  proposal
concerning your investment.

Q:  WHY AM I BEING ASKED TO VOTE?

A:  Mutual fund companies are required to obtain shareholders' votes for certain
types of changes affecting  their funds.  As a shareholder of the Fasciano Fund,
you have a right to vote on the  changes,  like  those  included  in  the  Proxy
Statement/Proposal  previously  mailed  to you.  If you owned shares of Fasciano
Fund at the close of business on June 2,  2008,  you  are entitled to vote those
shares, even if you are no longer a shareholder of Fasciano Fund.

Q:  WHY IS A SHAREHOLDER MEETING BEING HELD?

A:  The   shareholder   meeting  is  being  held  to  ask  you  to  approve  the
Reorganization  Plan. The Reorganization  Plan provides for (1) Fasciano Fund to
transfer its assets to Genesis  Fund in exchange for Advisor  Class and Investor
Class  shares of Genesis  Fund and the  assumption  by Genesis  Fund of Fasciano
Fund's  liabilities,  (2)  distribution  of those  Genesis  Fund  shares  to the
shareholders  of Fasciano Fund in exchange for their  Fasciano Fund shares,  and
(3) the dissolution of Fasciano Fund thereafter (the "Reorganization").

Q:  WHY IS THE REORGANIZATION BEING RECOMMENDED?

A:  In  March  2008,  the  Board,  including  all of the  trustees  who  are not
"interested  persons" of Fasciano Fund and Genesis Fund (the "Funds")  under the
Investment   Company  Act  of  1940,  as  amended,   unanimously   approved  the
Reorganization and the Reorganization  Plan with respect to each Fund. The Board
has  determined  that  combining  the Funds,  which have  substantially  similar
investment objectives and similar investment mandates, in that both Funds invest
in common  stocks of  small-capitalization  companies,  would  better  serve the
Funds'  shareholders.  Some of the potential  benefits of the Reorganization are
that the combined fund will have potentially  greater  investment  opportunities
and market  presence than  Fasciano  Fund;  the  Reorganization  will  eliminate
duplicative  expenses and can reduce associated  operational costs of the Funds;
the combined fund's  viability is expected to be better than Fasciano Fund's due
to a larger asset base and Genesis Fund has better comparative total return than



Fasciano Fund over most measurement  periods and, in Neuberger Berman Management
Inc.'s view, better performance opportunities going forward.

The Proxy Statement/Prospectus  contains further explanation of the reasons that
the Board recommends the Reorganization.


Q:  HOW WILL THIS AFFECT ME AS A FASCIANO FUND SHAREHOLDER?


A: You will become a shareholder of Genesis  Fund.   If you are a shareholder of
Advisor Class shares of Fasciano Fund, you will receive  Advisor Class shares of
Genesis  Fund.  If you are a shareholder of Investor Class  shares  of  Fasciano
Fund, you  will receive Investor Class shares of Genesis Fund.  There will be no
sales charges  or redemption fees applied in connection with the Reorganization.
THE GENESIS FUND SHARES THAT YOU RECEIVE WILL HAVE A TOTAL NET ASSET VALUE EQUAL
ON THE CLOSING DATE  OF  THE  REORGANIZATION TO THE TOTAL NET ASSET VALUE OF THE
FASCIANO FUND SHARES YOU HELD AS OF THE CLOSING DATE.


Q:  ARE THE FUNDS' INVESTMENT OBJECTIVES AND POLICIES SIMILAR?


A:  Yes. The Funds have substantially  similar investment objectives and similar
investment  mandates  in that  both  Funds  invest  in  common  stocks of small-
capitalization companies. As a result, the Funds present the same general risks.
However, although each Fund's investment objective is to seek growth of capital,
Fasciano  Fund  specifically  seeks  long-term  growth of  capital  and also may
consider a company's  potential for current income prior to selecting a security
for the Fund. In addition,  Genesis Fund uses a value  approach to select stocks
while  Fasciano  Fund uses a blend of  growth  and  value  strategies  to select
stocks.


Q:  HOW WILL THE REORGANIZATION AFFECT FUND FEES AND EXPENSES?


A: It is estimated that the percentage of total operating expenses that Fasciano
Fund Advisor Class and Investor Class  shareholders pay would decrease after the
Reorganization.   This  is  because  (1)  Genesis   Fund's  management  fee  has
breakpoints that are set at lower asset levels than Fasciano  Fund's  management
fee and (2) if the Reorganization Plan is approved, the larger asset base of the
combined fund is expected to result in a reduction of certain fund expenses  for
Fasciano Fund shareholders due to economies of scale.

Please  note  that  although  overall  expenses  are  expected  to decrease, the
administration  fee  for  Genesis Fund's Investor Class is higher than  that  of
Fasciano Fund's Investor Class.    The administration fees for the Advisor Class
of Genesis Fund and Fasciano Fund are the same.



Q:  WILL THE REORGANIZATION RESULT IN ANY FEDERAL INCOME TAXES?


A:  We expect that neither Fasciano Fund nor its shareholders will recognize any
gain  or  loss  for federal income tax  purposes  as  a  direct  result  of  the
Reorganization.


Q:  HOW DOES THE BOARD RECOMMEND THAT I VOTE?


A: The Board unanimously recommends that you vote "FOR" the Reorganization Plan.
In making this determination,  the  Board  considered,  among other factors, the
following: (1) the small asset base of Fasciano Fund and  its failure to attract
new assets; (2) that the effect of the Reorganization will  be to place Fasciano
Fund  shareholders'  assets  in  another Neuberger Berman fund having  the  most
nearly similar investment strategy  with  a  minimum of administrative burden to
shareholders; (3) the compatibility of the different  investment  objectives and
strategies of the Funds, as a result of which the portfolio resulting  from  the
Reorganization is not expected to require any significant restructuring; and (4)
the  fact  that  Fasciano  Fund is now being managed by the same individuals who
manage Genesis Fund.


Q:  WHO IS PAYING THE COSTS OF THE REORGANIZATION?


A: Neuberger Berman Management  Inc. has agreed to pay the costs associated with
the Reorganization of Fasciano Fund  into  Genesis Fund.  Fasciano Fund will not
bear any of these costs.


Q:  WHAT HAPPENS IF THE REORGANIZATION PLAN IS NOT APPROVED?


A:   If  shareholders do not approve the Reorganization  Plan,  each  Fund  will
continue as  a  separate  mutual  fund,  and  the Board will separately consider
alternatives  it  determines  to  be  in  the best interests  of  Fasciano  Fund
shareholders, including liquidation of Fasciano Fund, maintaining the status quo
or re-proposing the Reorganization Plan.


Q:  WHEN WILL THE PROXY MATERIALS BE AVAILABLE?

A:  The Proxy Statement/Prospectus was mailed on or about June 18, 2008, to all
Fasciano Fund shareholders.



Q:  HOW MANY VOTES DO I HAVE?

A: Your vote is equal to the number of shares you held in Fasciano Fund on June
2, 2008, the record date.


Q:  WHAT HAPPENS IF I DON'T RETURN THE PROXY?


A:  Your ownership interests may not be represented  at the meeting.  So please,
vote your proxy either by mail, by telephone, or by internet.


Q:  HOW CAN I VOTE?


A:  There are a number of ways to vote your shares:

       BY MAIL: You may vote by dating, signing and returning the proxy card(s),
       mailed to you with the Proxy Statement/Prospectus,  in  the  postage paid
       envelope.   Please  note that if you sign and date the proxy card(s)  but
       give  no  voting instructions,  your  shares  will  be  voted  "FOR"  the
       Reorganization Plan.

       BY PHONE: You  may  vote by telephone by calling the number on your proxy
       card(s).  To vote in  this manner you will need the "control" number that
       appears on your proxy card(s).

       VIA THE INTERNET: You may  vote  through  the  Internet  by  visiting the
       website  listed on your proxy card(s).  To vote in this manner  you  will
       need the "control" number that appears on your proxy card(s).


Q:  WHO DO I CALL FOR MORE INFORMATION?


A: If you have any  questions  about  the  proposal or the proxy card(s), please
call Neuberger Berman Management Inc. at 1-800-877-9700  Monday  through Friday,
8:00  a.m.  to  6:00  p.m.  Our Retail Service Representatives will be  glad  to
assist you.