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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 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 1633
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 0
072 G000900 89
072 H000900 0
072 I000900 21
072 J000900 10
072 K000900 0
072 L000900 9
072 M000900 6
072 N000900 25
072 O000900 1
072 P000900 0
072 Q000900 0
072 R000900 8
072 S000900 10
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 167
072 X000900 346
072 Y000900 131
072 Z000900 1418
072AA000900 210
072BB000900 0
072CC010900 462
<PAGE> PAGE 22
072CC020900 0
072DD010900 1418
072DD020900 0
072EE000900 0
073 A010900 0.4676
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 31712
074 J000900 0
074 K000900 11
074 L000900 0
074 M000900 0
074 N000900 31723
074 O000900 0
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074 R020900 0
074 R030900 0
074 R040900 88
074 S000900 0
074 T000900 31627
074 U010900 2869
074 U020900 0
074 V010900 11.02
074 V020900 0.00
074 W000900 0.0000
074 X000900 941
074 Y000900 0
075 A000900 32953
075 B000900 0
076 000900 0.00
028 A011000 186
028 A021000 20
028 A031000 0
028 A041000 100
028 B011000 931
028 B021000 24
028 B031000 0
028 B041000 22
028 C011000 385
028 C021000 23
<PAGE> PAGE 23
028 C031000 0
028 C041000 884
028 D011000 398
028 D021000 21
028 D031000 0
028 D041000 1157
028 E011000 231
028 E021000 18
028 E031000 0
028 E041000 2532
028 F011000 0
028 F021000 0
028 F031000 0
028 F041000 7283
028 G011000 2131
028 G021000 106
028 G031000 0
028 G041000 11978
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
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
<PAGE> PAGE 24
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 443
072 C001000 0
072 D001000 0
072 E001000 0
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072 M001000 5
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072CC011000 0
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073 A011000 0.3982
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<PAGE> PAGE 25
074 B001000 0
074 C001000 0
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074 H001000 0
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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-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 307,944
<RECEIVABLES> 584
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 308,528
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 371
<TOTAL-LIABILITIES> 371
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 308,166
<SHARES-COMMON-STOCK> 308,166
<SHARES-COMMON-PRIOR> 363,394
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 308,157
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17,370
<OTHER-INCOME> 0
<EXPENSES-NET> (2,082)
<NET-INVESTMENT-INCOME> 15,288
<REALIZED-GAINS-CURRENT> (3)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 15,285
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 15,288
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 959,168
<NUMBER-OF-SHARES-REDEEMED> (1,029,506)
<SHARES-REINVESTED> 15,110
<NET-CHANGE-IN-ASSETS> (55,231)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (6)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,082
<AVERAGE-NET-ASSETS> 327,204
<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> .63
<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-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 31,712
<RECEIVABLES> 11
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 31,723
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 96
<TOTAL-LIABILITIES> 96
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,412
<SHARES-COMMON-STOCK> 2,869
<SHARES-COMMON-PRIOR> 3,609
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (673)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 888
<NET-ASSETS> 31,627
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,633
<OTHER-INCOME> 0
<EXPENSES-NET> (215)
<NET-INVESTMENT-INCOME> 1,418
<REALIZED-GAINS-CURRENT> 210
<APPREC-INCREASE-CURRENT> 462
<NET-CHANGE-FROM-OPS> 2,090
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,418)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 531
<NUMBER-OF-SHARES-REDEEMED> (1,354)
<SHARES-REINVESTED> 83
<NET-CHANGE-IN-ASSETS> (7,294)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (883)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 346
<AVERAGE-NET-ASSETS> 32,953
<PER-SHARE-NAV-BEGIN> 10.78
<PER-SHARE-NII> .47
<PER-SHARE-GAIN-APPREC> .24
<PER-SHARE-DIVIDEND> (.47)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.02
<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-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 156,487
<RECEIVABLES> 59
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 156,546
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 225
<TOTAL-LIABILITIES> 225
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 156,347
<SHARES-COMMON-STOCK> 156,420
<SHARES-COMMON-PRIOR> 132,698
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (26)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 156,321
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,213
<OTHER-INCOME> 0
<EXPENSES-NET> (1,021)
<NET-INVESTMENT-INCOME> 4,192
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 4,192
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,192)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 228,579
<NUMBER-OF-SHARES-REDEEMED> (208,978)
<SHARES-REINVESTED> 4,121
<NET-CHANGE-IN-ASSETS> 23,722
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (99)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,021
<AVERAGE-NET-ASSETS> 141,468
<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 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-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 255,497
<RECEIVABLES> 321
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 255,818
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 412
<TOTAL-LIABILITIES> 412
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 264,627
<SHARES-COMMON-STOCK> 25,461
<SHARES-COMMON-PRIOR> 24,597
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (10,277)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,056
<NET-ASSETS> 255,406
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 17,260
<OTHER-INCOME> 0
<EXPENSES-NET> (1,716)
<NET-INVESTMENT-INCOME> 15,544
<REALIZED-GAINS-CURRENT> (950)
<APPREC-INCREASE-CURRENT> 2,103
<NET-CHANGE-FROM-OPS> 16,697
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (15,559)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 8,817
<NUMBER-OF-SHARES-REDEEMED> (9,247)
<SHARES-REINVESTED> 1,294
<NET-CHANGE-IN-ASSETS> 9,717
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (9,334)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,737
<AVERAGE-NET-ASSETS> 244,982
<PER-SHARE-NAV-BEGIN> 9.99
<PER-SHARE-NII> .63
<PER-SHARE-GAIN-APPREC> .04
<PER-SHARE-DIVIDEND> (.63)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.03
<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 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-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 49,935
<RECEIVABLES> 14
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 49,949
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 160
<TOTAL-LIABILITIES> 160
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 53,708
<SHARES-COMMON-STOCK> 5,229
<SHARES-COMMON-PRIOR> 9,371
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,327)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 408
<NET-ASSETS> 49,789
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 4,419
<OTHER-INCOME> 0
<EXPENSES-NET> (461)
<NET-INVESTMENT-INCOME> 3,958
<REALIZED-GAINS-CURRENT> 20
<APPREC-INCREASE-CURRENT> 71
<NET-CHANGE-FROM-OPS> 4,049
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (3,958)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,109
<NUMBER-OF-SHARES-REDEEMED> (6,593)
<SHARES-REINVESTED> 342
<NET-CHANGE-IN-ASSETS> (39,162)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (4,449)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 629
<AVERAGE-NET-ASSETS> 70,789
<PER-SHARE-NAV-BEGIN> 9.49
<PER-SHARE-NII> .53
<PER-SHARE-GAIN-APPREC> .03
<PER-SHARE-DIVIDEND> (.53)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.52
<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-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 665,764
<RECEIVABLES> 817
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 666,581
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,518
<TOTAL-LIABILITIES> 2,518
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 664,081
<SHARES-COMMON-STOCK> 664,081
<SHARES-COMMON-PRIOR> 482,009
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (18)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 664,063
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 34,546
<OTHER-INCOME> 0
<EXPENSES-NET> (3,849)
<NET-INVESTMENT-INCOME> 30,697
<REALIZED-GAINS-CURRENT> (7)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 30,690
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (30,697)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,398,237
<NUMBER-OF-SHARES-REDEEMED> (1,246,359)
<SHARES-REINVESTED> 30,194
<NET-CHANGE-IN-ASSETS> 182,065
<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> 3,849
<AVERAGE-NET-ASSETS> 612,490
<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> .63
<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-31-1997
<PERIOD-END> OCT-31-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 0
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 0
<TOTAL-LIABILITIES> 0
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 234
<SHARES-COMMON-STOCK> 0
<SHARES-COMMON-PRIOR> 967
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (234)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 0
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 443
<OTHER-INCOME> 0
<EXPENSES-NET> (62)
<NET-INVESTMENT-INCOME> 381
<REALIZED-GAINS-CURRENT> 139
<APPREC-INCREASE-CURRENT> (8)
<NET-CHANGE-FROM-OPS> 512
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (381)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 268
<NUMBER-OF-SHARES-REDEEMED> (1,258)
<SHARES-REINVESTED> 23
<NET-CHANGE-IN-ASSETS> (9,635)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (373)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 176
<AVERAGE-NET-ASSETS> 9,614
<PER-SHARE-NAV-BEGIN> 9.96
<PER-SHARE-NII> .40
<PER-SHARE-GAIN-APPREC> .06
<PER-SHARE-DIVIDEND> (.40)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.02<F1>
<EXPENSE-RATIO> .66
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>OFFICIAL LIQUIDATION NAV IS $10.019
</FN>
</TABLE>
