NEUBERGER BERMAN EQUITY SERIES ADMINISTRATION AGREEMENT SCHEDULE B Compensation pursuant to Paragraph 3 of Neuberger Berman Equity Series Administration Agreement shall be 0.15% per annum of the average daily net assets of the Series. Dated: June 28, 1999

                         ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ EQUITY SERIES
                            ADMINISTRATION AGREEMENT

                                   SCHEDULE B


            Compensation  pursuant to  Paragraph 3 of  ▇▇▇▇▇▇▇▇▇  ▇▇▇▇▇▇  Equity
Series  Administration  Agreement  shall be 0.15% per annum of the average daily
net assets of the Series.


Dated: June 28, 1999