SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-18F-1
Notification of Election Pursuant to Rule 18f-1
Under the Investment Company Act of 1940
NEUBERGER & BERMAN INCOME FUNDS
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, on behalf of the
following series: Neuberger & Berman High Yield Bond Fund ("Series"), hereby
notifies the Securities and Exchange Commission that the Series elects to commit
itself to pay in cash all redemptions by a shareholder of record as provided by
Rule 18f-1 under the Investment Company Act of 1940. It is understood that this
election is irrevocable while such Rule is in effect unless the Commission by
order upon application permits the withdrawal of this Notification of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the Investment Company
Act of 1940, the Registrant has caused this Notification of Election to be duly
executed on its behalf in the city of New York and the state of New York on this
25th day of February, 1998.
NEUBERGER & BERMAN INCOME FUNDS
By: /S/ Theodore P. Giuliano
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Theodore P. Giuliano
President
Attest:
/S/ Claudia Brandon
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Claudia Brandon
Secretary