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<PAGE> PAGE 2
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<PAGE> PAGE 4
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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 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 6
072 B000900 859
072 C000900 0
072 D000900 0
072 E000900 0
072 F000900 0
072 G000900 46
072 H000900 0
072 I000900 10
072 J000900 5
072 K000900 0
072 L000900 6
072 M000900 3
072 N000900 20
072 O000900 1
072 P000900 0
072 Q000900 0
072 R000900 4
072 S000900 11
072 T000900 0
072 U000900 0
072 V000900 0
072 W000900 85
072 X000900 191
072 Y000900 78
072 Z000900 746
<PAGE> PAGE 22
072AA000900 121
072BB000900 0
072CC010900 0
072CC020900 427
072DD010900 746
072DD020900 0
072EE000900 0
073 A010900 0.2331
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 30731
074 J000900 0
074 K000900 9
074 L000900 0
074 M000900 0
074 N000900 30740
074 O000900 0
074 P000900 7
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 100
074 S000900 0
074 T000900 30633
074 U010900 2868
074 U020900 0
074 V010900 10.68
074 V020900 0.00
074 W000900 0.0000
074 X000900 943
074 Y000900 0
075 A000900 34649
075 B000900 0
076 000900 0.00
028 A011000 183
028 A021000 20
028 A031000 0
028 A041000 17
028 B011000 105
028 B021000 21
028 B031000 0
<PAGE> PAGE 23
028 B041000 143
028 C011000 51
028 C021000 21
028 C031000 0
028 C041000 147
028 D011000 42
028 D021000 21
028 D031000 0
028 D041000 318
028 E011000 168
028 E021000 20
028 E031000 0
028 E041000 50
028 F011000 16
028 F021000 20
028 F031000 0
028 F041000 38
028 G011000 565
028 G021000 123
028 G031000 0
028 G041000 713
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
<PAGE> PAGE 24
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 6
072 B001000 229
072 C001000 0
072 D001000 0
072 E001000 0
072 F001000 0
072 G001000 13
072 H001000 0
072 I001000 7
072 J001000 5
072 K001000 0
072 L001000 5
072 M001000 3
072 N001000 0
072 O001000 1
072 P001000 0
072 Q001000 0
072 R001000 4
072 S001000 11
072 T001000 0
072 U001000 4
072 V001000 0
072 W001000 46
072 X001000 99
072 Y001000 67
072 Z001000 197
072AA001000 11
072BB001000 0
072CC011000 0
072CC021000 117
072DD011000 197
072DD021000 0
072EE001000 0
073 A011000 0.2032
073 A021000 0.0000
<PAGE> PAGE 25
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 9516
074 J001000 0
074 K001000 12
074 L001000 14
074 M001000 0
074 N001000 9542
074 O001000 0
074 P001000 2
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 36
074 S001000 0
074 T001000 9504
074 U011000 965
074 U021000 0
074 V011000 9.85
074 V021000 0.00
074 W001000 0.0000
074 X001000 248
074 Y001000 0
075 A001000 9678
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 Semi 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 278,702
<RECEIVABLES> 615
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 279,317
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 246
<TOTAL-LIABILITIES> 246
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 279,084
<SHARES-COMMON-STOCK> 279,084
<SHARES-COMMON-PRIOR> 363,394
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (13)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 279,071
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,954
<OTHER-INCOME> 0
<EXPENSES-NET> (1,086)
<NET-INVESTMENT-INCOME> 7,868
<REALIZED-GAINS-CURRENT> (7)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 7,861
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,868)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 437,440
<NUMBER-OF-SHARES-REDEEMED> (529,530)
<SHARES-REINVESTED> 7,780
<NET-CHANGE-IN-ASSETS> (84,317)
<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> 1,086
<AVERAGE-NET-ASSETS> 344,089
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .64<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Municipal Securities Trust Semi 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 30,731
<RECEIVABLES> 9
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,740
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107
<TOTAL-LIABILITIES> 107
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,396
<SHARES-COMMON-STOCK> 2,868
<SHARES-COMMON-PRIOR> 3,609
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (762)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1)
<NET-ASSETS> 30,633
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 859
<OTHER-INCOME> 0
<EXPENSES-NET> (113)
<NET-INVESTMENT-INCOME> 746
<REALIZED-GAINS-CURRENT> 121
<APPREC-INCREASE-CURRENT> (427)
<NET-CHANGE-FROM-OPS> 440
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (746)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 210
<NUMBER-OF-SHARES-REDEEMED> (996)
<SHARES-REINVESTED> 45
<NET-CHANGE-IN-ASSETS> (8,288)
<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> 191
<AVERAGE-NET-ASSETS> 34,649
<PER-SHARE-NAV-BEGIN> 10.78
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> (.10)
<PER-SHARE-DIVIDEND> (.23)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.68
<EXPENSE-RATIO> .65<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Municipal Money Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 137,965
<RECEIVABLES> 1
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 137,966
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 197
<TOTAL-LIABILITIES> 197
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 137,868
<SHARES-COMMON-STOCK> 137,868
<SHARES-COMMON-PRIOR> 132,698
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (99)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 137,769
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,480
<OTHER-INCOME> 0
<EXPENSES-NET> (511)
<NET-INVESTMENT-INCOME> 1,969
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,969
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,969)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 111,204
<NUMBER-OF-SHARES-REDEEMED> (107,970)
<SHARES-REINVESTED> 1,936
<NET-CHANGE-IN-ASSETS> 5,170
<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> 511
<AVERAGE-NET-ASSETS> 138,524
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.01)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .74<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Limited Maturity Bond Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 238,183
<RECEIVABLES> 248
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 238,431
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 693
<TOTAL-LIABILITIES> 693
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 249,923
<SHARES-COMMON-STOCK> 23,983
<SHARES-COMMON-PRIOR> 24,597
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,503)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,682)
<NET-ASSETS> 237,738
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 8,467
<OTHER-INCOME> 0
<EXPENSES-NET> (832)
<NET-INVESTMENT-INCOME> 7,635
<REALIZED-GAINS-CURRENT> (169)
<APPREC-INCREASE-CURRENT> (1,635)
<NET-CHANGE-FROM-OPS> 5,831
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,635)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,680
<NUMBER-OF-SHARES-REDEEMED> (4,929)
<SHARES-REINVESTED> 635
<NET-CHANGE-IN-ASSETS> (7,951)
<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> 864
<AVERAGE-NET-ASSETS> 239,592
<PER-SHARE-NAV-BEGIN> 9.99
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> (.08)
<PER-SHARE-DIVIDEND> (.32)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.91
<EXPENSE-RATIO> .70<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Ultra Short Bond Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 75,595
<RECEIVABLES> 25
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 75,620
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 264
<TOTAL-LIABILITIES> 264
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 80,028
<SHARES-COMMON-STOCK> 7,995
<SHARES-COMMON-PRIOR> 9,371
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,597)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (75)
<NET-ASSETS> 75,356
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,519
<OTHER-INCOME> 0
<EXPENSES-NET> (264)
<NET-INVESTMENT-INCOME> 2,255
<REALIZED-GAINS-CURRENT> (148)
<APPREC-INCREASE-CURRENT> (412)
<NET-CHANGE-FROM-OPS> 1,695
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (2,255)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,121
<NUMBER-OF-SHARES-REDEEMED> (2,695)
<SHARES-REINVESTED> 198
<NET-CHANGE-IN-ASSETS> (13,595)
<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> 364
<AVERAGE-NET-ASSETS> 81,677
<PER-SHARE-NAV-BEGIN> 9.49
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> (.06)
<PER-SHARE-DIVIDEND> (.26)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.43
<EXPENSE-RATIO> .65<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman Cash Reserves Semi 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 601,845
<RECEIVABLES> 644
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 602,489
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,694
<TOTAL-LIABILITIES> 2,694
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 599,812
<SHARES-COMMON-STOCK> 599,812
<SHARES-COMMON-PRIOR> 482,009
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (17)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 599,795
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 15,060
<OTHER-INCOME> 0
<EXPENSES-NET> (1,768)
<NET-INVESTMENT-INCOME> 13,292
<REALIZED-GAINS-CURRENT> (6)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 13,286
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (13,292)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 754,829
<NUMBER-OF-SHARES-REDEEMED> (650,092)
<SHARES-REINVESTED> 13,066
<NET-CHANGE-IN-ASSETS> 117,797
<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> 1,768
<AVERAGE-NET-ASSETS> 553,947
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> (.02)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .64<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Neuberger&Berman New York Insured Intermediate Fund Semi 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> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 9,516
<RECEIVABLES> 12
<ASSETS-OTHER> 14
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 9,542
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 38
<TOTAL-LIABILITIES> 38
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,975
<SHARES-COMMON-STOCK> 965
<SHARES-COMMON-PRIOR> 967
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (362)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (109)
<NET-ASSETS> 9,504
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 229
<OTHER-INCOME> 0
<EXPENSES-NET> 32
<NET-INVESTMENT-INCOME> 197
<REALIZED-GAINS-CURRENT> 11
<APPREC-INCREASE-CURRENT> (117)
<NET-CHANGE-FROM-OPS> 91
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (197)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 57
<NUMBER-OF-SHARES-REDEEMED> (71)
<SHARES-REINVESTED> 12
<NET-CHANGE-IN-ASSETS> (131)
<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> 99
<AVERAGE-NET-ASSETS> 9,678
<PER-SHARE-NAV-BEGIN> 9.96
<PER-SHARE-NII> .20
<PER-SHARE-GAIN-APPREC> (.11)
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.85
<EXPENSE-RATIO> .66<F1>
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<FN>
<F1>Annualized.
</FN>
</TABLE>
