<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> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-END> OCT-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 29,169
<RECEIVABLES> 17
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 29,186
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 501
<TOTAL-LIABILITIES> 501
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 28,790
<SHARES-COMMON-STOCK> 2,609
<SHARES-COMMON-PRIOR> 3,244
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (308)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 203
<NET-ASSETS> 28,685
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1,519
<OTHER-INCOME> 0
<EXPENSES-NET> (202)
<NET-INVESTMENT-INCOME> 1,317
<REALIZED-GAINS-CURRENT> (183)
<APPREC-INCREASE-CURRENT> 781
<NET-CHANGE-FROM-OPS> 1,915
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,317)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 793
<NUMBER-OF-SHARES-REDEEMED> (1,518)
<SHARES-REINVESTED> 90
<NET-CHANGE-IN-ASSETS> (6,272)
<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> 382
<AVERAGE-NET-ASSETS> 30,977
<PER-SHARE-NAV-BEGIN> 10.78
<PER-SHARE-NII> .46
<PER-SHARE-GAIN-APPREC> .22
<PER-SHARE-DIVIDEND> (.46)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.00
<EXPENSE-RATIO> 0.65
</TABLE>
