NEUBERGER BERMAN EQUITY FUNDS ADMINISTRATION AGREEMENT

                          XXXXXXXXX XXXXXX EQUITY FUNDS
                            ADMINISTRATION AGREEMENT

                                   SCHEDULE B

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

   (1) .26% 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