CONSENT OF PRICEWATERHOUSECOOPERS LLP,

                             INDEPENDENT ACCOUNTANTS

We  consent  to the  references  to  our  firm  under  the  captions  "Financial
Highlights"  in  the  Prospectus   dated  December  1,  1999,  and  "Reports  to
Shareholders," "Independent  Auditors/Accountants" and "Financial Statements" in
the Statement of Additional Information dated December 1, 1999, of the Neuberger
Berman Equity Funds, and to the  incorporation by reference of our reports dated
October  1,  1999  with  respect  to  the  financial  statements  and  financial
highlights of the Neuberger Berman Manhattan Fund,  Neuberger Berman  Millennium
Fund,  Neuberger Berman Regency Fund,  Neuberger Berman Socially Responsive Fund
(four of the series comprising Neuberger Berman Equity Funds), and the Neuberger
Berman Manhattan  Portfolio,  Neuberger Berman Millennium  Portfolio,  Neuberger
Berman Regency  Portfolio and Neuberger  Berman  Socially  Responsive  Portfolio
(four of the series comprising Neuberger Berman Equity Managers Trust), included
in the August 31, 1999 Annual  Reports to  Shareholders,  which  Prospectus  and
Statement  of  Additional  Information  are  incorporated  by  reference  in the
Combined Proxy Statement and Prospectus included in this Registration  Statement
on Form N-14 (File No. 2-11357) of Neuberger Berman Equity Funds.

                                    /s/PRICEWATERHOUSECOOPERS LLP
                                       --------------------------
                                       PRICEWATERHOUSECOOPERS LLP

Boston, Massachusetts
June 23, 2000



               CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

We  consent  to the  references  to  our  firm  under  the  captions  "Financial
Highlights"  in  the  Prospectus   dated  December  1,  1999,  and  "Reports  to
Shareholders," "Independent  Auditors/Accountants" and "Financial Statements" in
the Statement of Additional Information dated December 1, 1999, of the Neuberger
Berman Equity Funds, and to the  incorporation by reference of our reports dated
October  1,  1999  with  respect  to  the  financial  statements  and  financial
highlights of the Neuberger  Berman Focus Fund,  Neuberger  Berman Genesis Fund,
Neuberger  Berman  Guardian  Fund,  Neuberger  Berman  International  Fund,  and
Neuberger Berman Partners Fund (five of the series  comprising  Neuberger Berman
Equity  Funds),  and the  Neuberger  Berman Focus  Portfolio,  Neuberger  Berman
Genesis  Portfolio,  Neuberger Berman Guardian  Portfolio,  and Neuberger Berman
Partners  Portfolio  (four of the  series  comprising  Neuberger  Berman  Equity
Managers  Trust),  and the Neuberger  Berman  International  Portfolio (the only
series comprising Neuberger Berman Global Managers Trust) included in the August
31, 1999 Annual Reports to Shareholders dated December 1, 1999, which Prospectus
and Statement of Additional  Information  are  incorporated  by reference in the
Combined Proxy Statement and Prospectus included in this Registration  Statement
on Form N-14 (File No. 2-11357) of Neuberger Berman Equity Funds.

                                                       ERNST & YOUNG LLP

Boston, Massachusetts
June 23, 2000