Neuberger & Berman Management Inc.

"IF WE DON'T INVEST IN OUR FUNDS, WHY SHOULD YOU?"

financial investment services, namely mutual fund investment management services, mutual fund distribution services, mutual fund administration services, insurance investment services and institutional investment advisory and management services;

FOCUS TRUST

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;TRUST;

NEUBERGER & BERMAN EQUITY FUNDS

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;EQUITY FUNDS;

NEUBERGER & BERMAN EQUITY TRUST

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds stocks and bonds and other investments for institutions and the general public;EQUITY TRUST;

NEUBERGER & BERMAN FUNDS

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;FUNDS;

NEUBERGER & BERMAN GOVERNMENT INCOME FUND

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;GOVERNMENT INCOME FUND;

NEUBERGER & BERMAN GOVERNMENT INCOME TRUST

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;GOVERNMENT INCOME TRUST;

NEUBERGER & BERMAN INCOME FUNDS

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;INCOME FUNDS;

NEUBERGER & BERMAN INCOME TRUST

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;INCOME TRUST;

NEUBERGER & BERMAN INTERNATIONAL FUND

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;INTERNATIONAL FUND;

NEUBERGER & BERMAN MANAGEMENT INC.

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;MANAGEMENT INC.;

NEUBERGER & BERMAN NEW YORK INSURED INTERMEDIATE FUND

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;NEW YORK INSURED INTERMEDIATE FUND;

NEUBERGER & BERMAN PARTNERS FUND

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;PARTNERS FUND;

NEUBERGER & BERMAN SELECTED SECTORS FUND

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;SELECTED SECTORS FUND;

NEUBERGER & BERMAN SELECTED SECTORS TRUST

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;SELECTED SECTORS TRUST;

NEUBERGER & BERMAN SOCIALLY RESPONSIVE FUND

NEUBERGER AND BERMAN SOCIALLY RESPONSIVE FUND;investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;SOCIALLY RESPONSIVE FUND;

NEUBERGER & BERMAN ULTRA SHORT BOND FUND

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;ULTRA SHORT BOND FUND;

NEUBERGER & BERMAN ULTRA SHORT BOND TRUST

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;ULTRA SHORT BOND TRUST;

PARTNERS FUND

investment advisory and mutual fund services, namely, sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutal fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;FUND;

PARTNERS TRUST

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds, stocks and bonds and other investments for institutions and the general public;TRUST;

RETIREMENT RESOURCES PLUS

investment, money and securities management and advisory services;RETIREMENT RESOURCES;

WE KNOW THAT TRUST IS OUR MOST IMPORTANT ASSET

investment advisory and mutual fund services, namely, sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing mutual funds and other investments for institutions and the general public;

WE MANAGE OUR FUNDS AS IF OUR OWN MONEY WERE INVESTED IN THEM. IT IS

investment advisory and mutual fund services, namely sponsoring mutual funds, providing administration and shareholder services to mutual funds, distributing mutual fund shares and managing funds and bonds and other investments for institutions and the general public;