NEUBERGER BERMAN EQUITY TRUST ADMINISTRATION AGREEMENT

                          XXXXXXXXX XXXXXX EQUITY TRUST
                            ADMINISTRATION AGREEMENT

                                   SCHEDULE B

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

   (1)  .40% per annum of the average  daily net assets of each  Series,  except
        Xxxxxxxxx Xxxxxx NYCDC Socially Responsive Trust, and 0.05% per annum of
        the  average  daily  net  assets  of  Xxxxxxxxx  Xxxxxx  NYCDC  Socially
        Responsive Trust, 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