-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000898432-98-000677.txt : 19981014
<SEC-HEADER>0000898432-98-000677.hdr.sgml : 19981014
ACCESSION NUMBER:		0000898432-98-000677
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19981013
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEUBERGER & BERMAN EQUITY TRUST
		CENTRAL INDEX KEY:			0000906926
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0831

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-64368
		FILM NUMBER:		98724579

	BUSINESS ADDRESS:	
		STREET 1:		605 THIRD AVE
		STREET 2:		2ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10158-0006
		BUSINESS PHONE:		2124768800
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<TEXT>


      NEUBERGER&BERMAN
      EQUITY TRUST


 SUPPLEMENT TO THE PROSPECTUS DATED DECEMBER 15, 1997, AS AMENDED MAY 14, 1998.

THE FOLLOWING DISCLOSURE REGARDING NEUBERGER&BERMAN GENESIS TRUST IS ADDED TO
THE PROSPECTUS:

Effective October 14, 1998, Neuberger&Berman GENESIS Trust is open to purchases
by new investors.


The date of this Supplement is October 14, 1998.


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----