<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-31-2000
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 30,372
<RECEIVABLES> 15
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 30,387
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 95
<TOTAL-LIABILITIES> 95
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 31,232
<SHARES-COMMON-STOCK> 2,833
<SHARES-COMMON-PRIOR> 3,244
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (277)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (663)
<NET-ASSETS> 30,292
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 796
<OTHER-INCOME> 0
<EXPENSES-NET> (104)
<NET-INVESTMENT-INCOME> 692
<REALIZED-GAINS-CURRENT> (152)
<APPREC-INCREASE-CURRENT> (85)
<NET-CHANGE-FROM-OPS> 455
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (692)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 674
<NUMBER-OF-SHARES-REDEEMED> (1,127)
<SHARES-REINVESTED> 42
<NET-CHANGE-IN-ASSETS> (4,665)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (125)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 208
<AVERAGE-NET-ASSETS> 32,395
<PER-SHARE-NAV-BEGIN> 10.78
<PER-SHARE-NII> .23
<PER-SHARE-GAIN-APPREC> (.09)
<PER-SHARE-DIVIDEND> (.23)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.69
<EXPENSE-RATIO> .65<F1>
<FN>
<F1>Annualized.
</FN>
</TABLE>
