CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
We consent to the references to our firm under the captions "Financial
Highlights" in the Prospectus dated March 1, 2000, and "Reports to
Shareholders," "Independent Auditors" and "Financial Statements" in the
Statement of Additional Information dated March 1, 2000, of the Neuberger Berman
Income Funds, and to the incorporation by reference of our reports dated
December 3, 1999 with respect to the financial statements and financial
highlights of the Neuberger Berman Income Funds and the Neuberger Berman Income
Managers Trust included in the October 31, 1999 Annual Reports to Shareholders
dated March 1, 2000, which Prospectus and Statement of Additional Information
are incorporated by reference in the Combined Proxy Statement and Prospectus
included in this Registration Statement on Form N-14 (File No. 2-85229) of
Neuberger Berman Income Funds.
/s/ ERNST & YOUNG LLP
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ERNST & YOUNG LLP
Boston, Massachusetts
July 28, 2000
