NEUBERGER BERMAN EQUITY SERIES ADMINISTRATION AGREEMENT

                         XXXXXXXXX XXXXXX EQUITY SERIES
                            ADMINISTRATION AGREEMENT

                                   SCHEDULE B

   Compensation  pursuant to Paragraph 3 of the  Xxxxxxxxx  Xxxxxx Equity Series
Administration Agreement shall be:

(1)   .15% per annum of the  average  daily net assets of each  Series,  plus in
      each case

(2)   certain  out-of-pocket   expenses  for  technology  used  for  shareholder
      servicing and shareholder communications, subject to the prior approval of
      an annual budget by the Trust's Board of Trustees, including a majority of
      those Trustees who are not interested persons of the Trust or of Xxxxxxxxx
      Xxxxxx  Management  Inc., and periodic reports to the Board of Trustees on
      actual expenses.


      Dated: July 1, 1999