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<PAGE> PAGE 6
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<PAGE> PAGE 7
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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 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
071 B000900 0
071 C000900 0
071 D000900 0
072 A000900 12
072 B000900 2054
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 0
072 G000900 112
072 H000900 0
072 I000900 28
072 J000900 10
072 K000900 0
072 L000900 26
072 M000900 7
072 N000900 23
072 O000900 1
072 P000900 0
072 Q000900 0
072 R000900 8
072 S000900 19
<PAGE> PAGE 22
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 195
072 X000900 429
072 Y000900 160
072 Z000900 1785
072AA000900 227
072BB000900 0
072CC010900 0
072CC020900 432
072DD010900 1785
072DD020900 0
072EE000900 0
073 A010900 0.4660
073 A020900 0.0000
073 B000900 0.0000
073 C000900 0.0000
074 A000900 0
074 B000900 0
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 0
074 G000900 0
074 H000900 0
074 I000900 38962
074 J000900 0
074 K000900 11
074 L000900 40
074 M000900 0
074 N000900 39013
074 O000900 0
074 P000900 9
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 83
074 S000900 0
074 T000900 38921
074 U010900 3609
074 U020900 0
074 V010900 10.78
074 V020900 0.00
074 W000900 0.0000
074 X000900 963
074 Y000900 0
075 A000900 41322
075 B000900 0
076 000900 0.00
<PAGE> PAGE 23
028 A011000 368
028 A021000 18
028 A031000 0
028 A041000 91
028 B011000 162
028 B021000 17
028 B031000 0
028 B041000 995
028 C011000 411
028 C021000 20
028 C031000 0
028 C041000 91
028 D011000 154
028 D021000 19
028 D031000 0
028 D041000 181
028 E011000 148
028 E021000 21
028 E031000 0
028 E041000 83
028 F011000 72
028 F021000 20
028 F031000 0
028 F041000 80
028 G011000 1315
028 G021000 115
028 G031000 0
028 G041000 1521
028 H001000 0
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
<PAGE> PAGE 24
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
070 K021000 Y
070 L011000 N
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 Y
070 R021000 N
071 A001000 0
071 B001000 0
071 C001000 0
071 D001000 0
072 A001000 12
072 B001000 475
072 C001000 0
072 D001000 0
072 E001000 0
072 F001000 0
072 G001000 27
072 H001000 0
072 I001000 4
072 J001000 10
072 K001000 0
072 L001000 20
072 M001000 6
072 N001000 0
072 O001000 1
072 P001000 0
072 Q001000 0
072 R001000 8
072 S001000 22
072 T001000 0
072 U001000 8
072 V001000 0
072 W001000 94
072 X001000 200
072 Y001000 133
072 Z001000 408
072AA001000 0
072BB001000 27
<PAGE> PAGE 25
072CC011000 0
072CC021000 40
072DD011000 408
072DD021000 0
072EE001000 0
073 A011000 0.4007
073 A021000 0.0000
073 B001000 0.0000
073 C001000 0.0000
074 A001000 0
074 B001000 0
074 C001000 0
074 D001000 0
074 E001000 0
074 F001000 0
074 G001000 0
074 H001000 0
074 I001000 9648
074 J001000 0
074 K001000 12
074 L001000 0
074 M001000 18
074 N001000 9678
074 O001000 0
074 P001000 2
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 41
074 S001000 0
074 T001000 9635
074 U011000 967
074 U021000 0
074 V011000 9.96
074 V021000 0.00
074 W001000 0.0000
074 X001000 238
074 Y001000 0
075 A001000 10135
075 B001000 0
076 001000 0.00
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-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 362,482
<RECEIVABLES> 1,261
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 363,743
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 355
<TOTAL-LIABILITIES> 355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 363,394
<SHARES-COMMON-STOCK> 363,394
<SHARES-COMMON-PRIOR> 308,341
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (6)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 363,388
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,087
<OTHER-INCOME> 0
<EXPENSES-NET> (1,888)
<NET-INVESTMENT-INCOME> 13,199
<REALIZED-GAINS-CURRENT> (6)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,193
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,199)
<DISTRIBUTIONS-OF-GAINS> (4)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 725,958
<NUMBER-OF-SHARES-REDEEMED> (683,930)
<SHARES-REINVESTED> 13,025
<NET-CHANGE-IN-ASSETS> 55,043
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 4
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,888
<AVERAGE-NET-ASSETS> 283,674
<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> .67
<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-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 38,962
<RECEIVABLES> 51
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 39,013
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 92
<TOTAL-LIABILITIES> 92
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 39,378
<SHARES-COMMON-STOCK> 3,609
<SHARES-COMMON-PRIOR> 4,092
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (883)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 426
<NET-ASSETS> 38,921
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,054
<OTHER-INCOME> 0
<EXPENSES-NET> (269)
<NET-INVESTMENT-INCOME> 1,785
<REALIZED-GAINS-CURRENT> 227
<APPREC-INCREASE-CURRENT> (432)
<NET-CHANGE-FROM-OPS> 1,580
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,785)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 595
<NUMBER-OF-SHARES-REDEEMED> (1,189)
<SHARES-REINVESTED> 111
<NET-CHANGE-IN-ASSETS> (5,399)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,110)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 429
<AVERAGE-NET-ASSETS> 41,322
<PER-SHARE-NAV-BEGIN> 10.83
<PER-SHARE-NII> .47
<PER-SHARE-GAIN-APPREC> (.05)
<PER-SHARE-DIVIDEND> (.47)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.78
<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 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> 08
<NAME> NEUBERGER&BERMAN MUNICIPAL MONEY FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 132,723
<RECEIVABLES> 8
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 132,731
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 132
<TOTAL-LIABILITIES> 132
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 132,698
<SHARES-COMMON-STOCK> 132,698
<SHARES-COMMON-PRIOR> 160,908
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (99)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 132,599
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,723
<OTHER-INCOME> 0
<EXPENSES-NET> (1,154)
<NET-INVESTMENT-INCOME> 4,569
<REALIZED-GAINS-CURRENT> 2
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,571
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,569)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 240,030
<NUMBER-OF-SHARES-REDEEMED> (272,748)
<SHARES-REINVESTED> 4,508
<NET-CHANGE-IN-ASSETS> (28,208)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (101)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,154
<AVERAGE-NET-ASSETS> 159,879
<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> .72
<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-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 246,056
<RECEIVABLES> 92
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 246,148
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 459
<TOTAL-LIABILITIES> 459
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 256,070
<SHARES-COMMON-STOCK> 24,597
<SHARES-COMMON-PRIOR> 30,567
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,334)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,047)
<NET-ASSETS> 245,689
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 19,331
<OTHER-INCOME> 0
<EXPENSES-NET> (1,990)
<NET-INVESTMENT-INCOME> 17,341
<REALIZED-GAINS-CURRENT> (982)
<APPREC-INCREASE-CURRENT> (1,668)
<NET-CHANGE-FROM-OPS> 14,691
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (17,078)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,134
<NUMBER-OF-SHARES-REDEEMED> (15,523)
<SHARES-REINVESTED> 1,419
<NET-CHANGE-IN-ASSETS> (61,722)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (8,471)
<OVERDISTRIB-NII-PRIOR> (148)
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,007
<AVERAGE-NET-ASSETS> 284,234
<PER-SHARE-NAV-BEGIN> 10.06
<PER-SHARE-NII> .60
<PER-SHARE-GAIN-APPREC> (.07)
<PER-SHARE-DIVIDEND> (.60)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.99
<EXPENSE-RATIO> .70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted form 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-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 89,426
<RECEIVABLES> 87
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 89,513
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 562
<TOTAL-LIABILITIES> 562
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,063
<SHARES-COMMON-STOCK> 9,371
<SHARES-COMMON-PRIOR> 10,551
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,449)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 337
<NET-ASSETS> 88,951
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,832
<OTHER-INCOME> 0
<EXPENSES-NET> (614)
<NET-INVESTMENT-INCOME> 5,218
<REALIZED-GAINS-CURRENT> (550)
<APPREC-INCREASE-CURRENT> 153
<NET-CHANGE-FROM-OPS> 4,821
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (5,218)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,838
<NUMBER-OF-SHARES-REDEEMED> (4,500)
<SHARES-REINVESTED> 482
<NET-CHANGE-IN-ASSETS> (11,571)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,660)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 791
<AVERAGE-NET-ASSETS> 94,379
<PER-SHARE-NAV-BEGIN> 9.53
<PER-SHARE-NII> .52
<PER-SHARE-GAIN-APPREC> (.04)
<PER-SHARE-DIVIDEND> (.52)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.49
<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-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 483,975
<RECEIVABLES> 498
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 484,473
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,475
<TOTAL-LIABILITIES> 2,475
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 482,009
<SHARES-COMMON-STOCK> 482,009
<SHARES-COMMON-PRIOR> 408,889
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (11)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 481,998
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 25,674
<OTHER-INCOME> 0
<EXPENSES-NET> (3,029)
<NET-INVESTMENT-INCOME> 22,645
<REALIZED-GAINS-CURRENT> 4
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 22,649
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (22,645)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 865,548
<NUMBER-OF-SHARES-REDEEMED> (814,685)
<SHARES-REINVESTED> 22,257
<NET-CHANGE-IN-ASSETS> 73,124
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (15)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,120
<AVERAGE-NET-ASSETS> 465,910
<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 New York Insured 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-31-1996
<PERIOD-END> OCT-31-1996
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 9,648
<RECEIVABLES> 12
<ASSETS-OTHER> 18
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,678
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 43
<TOTAL-LIABILITIES> 43
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 10,000
<SHARES-COMMON-STOCK> 967
<SHARES-COMMON-PRIOR> 1,149
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (373)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8
<NET-ASSETS> 9,635
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 475
<OTHER-INCOME> 0
<EXPENSES-NET> (67)
<NET-INVESTMENT-INCOME> 408
<REALIZED-GAINS-CURRENT> (27)
<APPREC-INCREASE-CURRENT> (40)
<NET-CHANGE-FROM-OPS> 341
<EQUALIZATION> 0
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<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> (467)
<SHARES-REINVESTED> 24
<NET-CHANGE-IN-ASSETS> (1,860)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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<PER-SHARE-NAV-BEGIN> 10.01
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</TABLE>