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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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070 J010800 Y
070 J020800 N
070 K010800 Y
070 K020800 Y
070 L010800 N
070 L020800 N
070 M010800 N
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
071 A000800 0
071 B000800 0
071 C000800 0
071 D000800 0
072 A000800 12
072 B000800 5971
072 C000800 0
072 D000800 0
072 E000800 0
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072 J000800 10
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<PAGE> PAGE 22
072 R000800 8
072 S000800 3
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072 X000800 1067
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072 Z000800 4904
072AA000800 0
072BB000800 25
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073 A020800 0.0000
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073 C000800 0.0000
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074 C000800 0
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074 T000800 160807
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075 A000800 151388
<PAGE> PAGE 23
075 B000800 0
076 000800 0.00
028 A010900 295
028 A020900 109
028 A030900 0
028 A040900 907
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028 B020900 103
028 B030900 0
028 B040900 393
028 C010900 452
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028 D020900 103
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028 E020900 104
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028 F020900 110
028 F030900 0
028 F040900 691
028 G010900 2564
028 G020900 631
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028 G040900 3750
028 H000900 0
058 A000900 N
059 000900 Y
060 A000900 Y
060 B000900 Y
061 000900 2000
070 A010900 Y
070 A020900 N
070 B010900 N
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 N
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 N
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 N
<PAGE> PAGE 24
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 N
070 K010900 Y
070 K020900 Y
070 L010900 N
070 L020900 N
070 M010900 N
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 0
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072 A000900 12
072 B000900 2249
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<PAGE> PAGE 25
072AA000900 0
072BB000900 677
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072DD010900 1962
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073 A010900 0.4677
073 A020900 0.0000
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073 C000900 0.0000
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028 A011000 295
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<PAGE> PAGE 26
028 B041000 738
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028 F041000 115
028 G011000 2065
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028 G041000 1427
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058 A001000 N
059 001000 Y
060 A001000 N
060 B001000 N
061 001000 2000
070 A011000 Y
070 A021000 N
070 B011000 N
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 Y
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 Y
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
<PAGE> PAGE 27
070 M011000 N
070 M021000 N
070 N011000 Y
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070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
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070 R021000 N
071 A001000 0
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<PAGE> PAGE 28
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SIGNATURE RICHARD RUSSELL
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Government Money Fund Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 01
<NAME> NEUBERGER&BERMAN GOVERNMENT MONEY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 308,485
<RECEIVABLES> 107
<ASSETS-OTHER> 0
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<SHARES-COMMON-STOCK> 308,341
<SHARES-COMMON-PRIOR> 251,541
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<NET-ASSETS> 308,345
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16,783
<OTHER-INCOME> 0
<EXPENSES-NET> (1,919)
<NET-INVESTMENT-INCOME> 14,864
<REALIZED-GAINS-CURRENT> 4
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<NET-CHANGE-FROM-OPS> 14,868
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<DISTRIBUTIONS-OF-INCOME> (14,864)
<DISTRIBUTIONS-OF-GAINS> (1)
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<NUMBER-OF-SHARES-SOLD> 714,547
<NUMBER-OF-SHARES-REDEEMED> (672,444)
<SHARES-REINVESTED> 14,697
<NET-CHANGE-IN-ASSETS> 56,800
<ACCUMULATED-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,919
<AVERAGE-NET-ASSETS> 297,272
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.05)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Municipal Securities Trust Annual Report and is qualified
in its entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 09
<NAME> NEUBERGER&BERMAN MUNICIPAL SECURITIES TRUST
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 44,420
<RECEIVABLES> 7
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 44,572
<SHARES-COMMON-STOCK> 4,092
<SHARES-COMMON-PRIOR> 4,984
<ACCUMULATED-NII-CURRENT> 0
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<ACCUMULATED-NET-GAINS> (1,110)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 858
<NET-ASSETS> 44,320
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,249
<OTHER-INCOME> 0
<EXPENSES-NET> (287)
<NET-INVESTMENT-INCOME> 1,962
<REALIZED-GAINS-CURRENT> (677)
<APPREC-INCREASE-CURRENT> 2,886
<NET-CHANGE-FROM-OPS> 4,171
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<DISTRIBUTIONS-OF-INCOME> (1,962)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 947
<NUMBER-OF-SHARES-REDEEMED> (1,956)
<SHARES-REINVESTED> 117
<NET-CHANGE-IN-ASSETS> (6,793)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (433)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 432
<AVERAGE-NET-ASSETS> 44,068
<PER-SHARE-NAV-BEGIN> 10.26
<PER-SHARE-NII> .47
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<PER-SHARE-DIVIDEND> (.47)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.83
<EXPENSE-RATIO> .65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Municipal Money Fund Annual Report and is qualified
in its entirety by reference to such document.
</LEGEND>
<CIK> 0000908473
<NAME> MEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 08
<NAME> NEUBERGER&BERMAN MUNICIPAL MONEY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 161,094
<RECEIVABLES> 74
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 161,168
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 361
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 160,908
<SHARES-COMMON-STOCK> 160,908
<SHARES-COMMON-PRIOR> 150,377
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (101)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 160,807
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,971
<OTHER-INCOME> 0
<EXPENSES-NET> (1,067)
<NET-INVESTMENT-INCOME> 4,904
<REALIZED-GAINS-CURRENT> (25)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,879
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,904
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 219,086
<NUMBER-OF-SHARES-REDEEMED> (213,408)
<SHARES-REINVESTED> 4,853
<NET-CHANGE-IN-ASSETS> 10,506
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (76)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,067
<AVERAGE-NET-ASSETS> 151,388
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .71
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Limited Maturity Bond Fund Annual Report and is qualified
in its entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 06
<NAME> NEUBERGER&BERMAN LIMITED MATURITY BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 307,911
<RECEIVABLES> 305
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 308,216
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 805
<TOTAL-LIABILITIES> 805
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 315,409
<SHARES-COMMON-STOCK> 30,567
<SHARES-COMMON-PRIOR> 31,244
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (148)
<ACCUMULATED-NET-GAINS> (8,471)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 621
<NET-ASSETS> 307,411
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20,587
<OTHER-INCOME> 0
<EXPENSES-NET> (2,087)
<NET-INVESTMENT-INCOME> 18,500
<REALIZED-GAINS-CURRENT> (3,613)
<APPREC-INCREASE-CURRENT> 8,911
<NET-CHANGE-FROM-OPS> 23,798
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,500)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9,271
<NUMBER-OF-SHARES-REDEEMED> (11,509)
<SHARES-REINVESTED> 1,561
<NET-CHANGE-IN-ASSETS> (1,158)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,773)
<OVERDISTRIB-NII-PRIOR> (76)<F1>
<OVERDIST-NET-GAINS-PRIOR> (116)
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,119
<AVERAGE-NET-ASSETS> 298,014
<PER-SHARE-NAV-BEGIN> 9.88
<PER-SHARE-NII> .62
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> (.62)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.06
<EXPENSE-RATIO> .70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Tax Return of Capital
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Ultra Short Bond Fund Annual Report and is qualified in
its entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 05
<NAME> NEUBERGER&BERMAN ULTRA SHORT BOND FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 100,328
<RECEIVABLES> 381
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 100,709
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 187
<TOTAL-LIABILITIES> 187
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 104,998
<SHARES-COMMON-STOCK> 10,551
<SHARES-COMMON-PRIOR> 10,673
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,660)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 184
<NET-ASSETS> 100,522
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,474
<OTHER-INCOME> 0
<EXPENSES-NET> (585)
<NET-INVESTMENT-INCOME> 4,889
<REALIZED-GAINS-CURRENT> (330)
<APPREC-INCREASE-CURRENT> 833
<NET-CHANGE-FROM-OPS> 5,392
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,889)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,822
<NUMBER-OF-SHARES-REDEEMED> (7,375)
<SHARES-REINVESTED> 431
<NET-CHANGE-IN-ASSETS> (569)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,515)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 782
<AVERAGE-NET-ASSETS> 89,903
<PER-SHARE-NAV-BEGIN> 9.47
<PER-SHARE-NII> .52
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> (.52)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.53
<EXPENSE-RATIO> .65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Cash Reserves Annual Report and is qualified in its
entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 04
<NAME> NEUBERGER&BERMAN CASH RESERVES
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 409,231
<RECEIVABLES> 480
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 409,711
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 837
<TOTAL-LIABILITIES> 837
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 408,888
<SHARES-COMMON-STOCK> 408,888
<SHARES-COMMON-PRIOR> 311,930
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (14)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 408,874
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 20,225
<OTHER-INCOME> 0
<EXPENSES-NET> (2,211)
<NET-INVESTMENT-INCOME> 18,014
<REALIZED-GAINS-CURRENT> (3)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 18,011
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (18,014)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 550,538
<NUMBER-OF-SHARES-REDEEMED> (471,218)
<SHARES-REINVESTED> 17,639
<NET-CHANGE-IN-ASSETS> 96,959
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (11)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,320
<AVERAGE-NET-ASSETS> 339,987
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.0
<EXPENSE-RATIO> .65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman New York Intermediate Fund Annual Report and is qualified
in its entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 10
<NAME> NEUBERGER&BERMAN NEW YORK INSURED INTERMEDIATE FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 11,517
<RECEIVABLES> 15
<ASSETS-OTHER> 26
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 11,558
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 63
<TOTAL-LIABILITIES> 63
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 11,793
<SHARES-COMMON-STOCK> 1,149
<SHARES-COMMON-PRIOR> 1,592
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (346)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 48
<NET-ASSETS> 11,495
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 561
<OTHER-INCOME> 0
<EXPENSES-NET> (75)
<NET-INVESTMENT-INCOME> 486
<REALIZED-GAINS-CURRENT> (95)
<APPREC-INCREASE-CURRENT> 938
<NET-CHANGE-FROM-OPS> 1,329
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (486)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 437
<NUMBER-OF-SHARES-REDEEMED> (900)
<SHARES-REINVESTED> 20
<NET-CHANGE-IN-ASSETS> (3,231)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (251)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 209
<AVERAGE-NET-ASSETS> 11,451
<PER-SHARE-NAV-BEGIN> 9.25
<PER-SHARE-NII> .41
<PER-SHARE-GAIN-APPREC> .76
<PER-SHARE-DIVIDEND> (.41)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.01
<EXPENSE-RATIO> .66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Government Income Fund Annual Report and is qualified
in its entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER&BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 07
<NAME> NEUBERGER&BERMAN GOVERNMENT INCOME FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1995
<PERIOD-END> OCT-31-1995
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 11,980
<RECEIVABLES> 17
<ASSETS-OTHER> 28
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 12,025
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 47
<TOTAL-LIABILITIES> 47
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 12,638
<SHARES-COMMON-STOCK> 1,257
<SHARES-COMMON-PRIOR> 1,201
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (123)<F1>
<ACCUMULATED-NET-GAINS> (660)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 11,978
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 819
<OTHER-INCOME> 0
<EXPENSES-NET> (80)
<NET-INVESTMENT-INCOME> 739
<REALIZED-GAINS-CURRENT> (173)
<APPREC-INCREASE-CURRENT> 497
<NET-CHANGE-FROM-OPS> 1,063
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (616)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 496
<NUMBER-OF-SHARES-REDEEMED> (503)
<SHARES-REINVESTED> 63
<NET-CHANGE-IN-ASSETS> 904
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (487)
<OVERDISTRIB-NII-PRIOR> (24)<F2>
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 241
<AVERAGE-NET-ASSETS> 10,512
<PER-SHARE-NAV-BEGIN> 9.22
<PER-SHARE-NII> .66
<PER-SHARE-GAIN-APPREC> .31
<PER-SHARE-DIVIDEND> (.56)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> (.10)
<PER-SHARE-NAV-END> 9.53
<EXPENSE-RATIO> .76
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Tax Return of Capital.
<F2>Tax Return of Capital.
</FN>
</TABLE>
