<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-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 1,192,859
<RECEIVABLES> 8,680
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,201,539
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,345
<TOTAL-LIABILITIES> 1,345
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,200,220
<SHARES-COMMON-STOCK> 1,200,220
<SHARES-COMMON-PRIOR> 1,104,191
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (26)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 1,200,194
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 32,949
<OTHER-INCOME> 0
<EXPENSES-NET> (3,387)
<NET-INVESTMENT-INCOME> 29,562
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 29,562
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (29,562)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,150,868
<NUMBER-OF-SHARES-REDEEMED> (1,084,121)
<SHARES-REINVESTED> 29,282
<NET-CHANGE-IN-ASSETS> 96,029
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (26)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,387
<AVERAGE-NET-ASSETS> 1,131,774
<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> .60<F1>
<FN>
<F1>Annualized.
</FN>
</TABLE>
