NEUBERGER & BERMAN MANAGEMENT INCORPORATED SUB-ADVISORY AGREEMENT SCHEDULE A The Series of Global Managers Trust currently subject to this Agreement are as follows: Initial Series International Portfolio Dated: November 1, 1995

                      XXXXXXXXX & XXXXXX MANAGEMENT INCORPORATED
                                SUB-ADVISORY AGREEMENT

                                     SCHEDULE A


              The Series of Global Managers Trust currently subject to this
     Agreement are as follows:

                                    Initial Series

     International Portfolio











     Dated:  November 1, 1995