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.


                                            /s/ ERNST & YOUNG LLP
                                            ---------------------
                                            ERNST & YOUNG LLP



Boston, Massachusetts
July 28, 2000










                       CONSENT OF INDEPENDENT ACCOUNTANTS

      We hereby consent to the incorporation by reference in the Combined Proxy
      Statement and Prospectus and Statement of Additional Information
      constituting parts of this Registration Statement on Form N-14 (the
      "Registration Statement") of our reports dated October 8, 1999, relating
      to the financial statements and financial highlights of Neuberger Berman
      Millennium Portfolio, Neuberger Berman Millennium Fund, Neuberger Berman
      Millennium Trust, Neuberger Berman Regency Portfolio, Neuberger Berman
      Regency Fund, Neuberger Berman Regency Trust, Neuberger Berman Manhattan
      Portfolio, Neuberger Berman Manhattan Fund, Neuberger Berman Manhattan
      Trust, Neuberger Berman Manhattan Assets, Neuberger Berman Socially
      Responsive Portfolio, Neuberger Berman Socially Responsive Fund, Neuberger
      Berman Socially Responsive Trust and Neuberger Berman Socially Responsive
      Assets (the "Funds") appearing in the August 31, 1999 Annual Reports to
      Shareholders, which financial statements and financial highlights are also
      incorporated by reference into the Registration Statement. We also consent
      to the references to us in paragraphs 4, 5 and 6 of the Statement of
      Additional Information in such Registration Statement. We further consent
      to the references to us under the headings "Financial Highlights" in the
      Prospectuses of the Funds dated December 1, 1999 and under the headings
      "Report to Shareholders", "Independent Auditors/Accountants" and
      "Financial Statements" in the Statements of Additional Information of the
      Funds dated December 1, 1999 which are incorporated by reference into the
      Registration Statement.



/s/PricewaterhouseCoopers LLP
- -------------------------------

PricewaterhouseCoopers LLP
Boston, Massachusetts
July 28, 2000