<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from
the Neuberger Berman High Yield Bond Fund Semi Annual Report and is
qualified in its entirety by reference to such document.
</LEGEND>
<CIK> 0000723620
<NAME> NEUBERGER BERMAN INCOME FUNDS
<SERIES>
<NUMBER> 11
<NAME> NEUBERGER BERMAN HIGH YIELD BOND FUND
<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> 14,719
<RECEIVABLES> 39
<ASSETS-OTHER> 41
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 14,799
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 77
<TOTAL-LIABILITIES> 77
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20,965
<SHARES-COMMON-STOCK> 1,944
<SHARES-COMMON-PRIOR> 2,744
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,088)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,155)
<NET-ASSETS> 14,722
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 981
<OTHER-INCOME> 0
<EXPENSES-NET> (90)
<NET-INVESTMENT-INCOME> 891
<REALIZED-GAINS-CURRENT> (2,840)
<APPREC-INCREASE-CURRENT> 289
<NET-CHANGE-FROM-OPS> (1,660)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (891)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 313
<NUMBER-OF-SHARES-REDEEMED> (1,174)
<SHARES-REINVESTED> 61
<NET-CHANGE-IN-ASSETS> (9,084)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,248)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 196
<AVERAGE-NET-ASSETS> 17,940
<PER-SHARE-NAV-BEGIN> 8.68
<PER-SHARE-NII> .40
<PER-SHARE-GAIN-APPREC> (1.11)
<PER-SHARE-DIVIDEND> (.40)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.57
<EXPENSE-RATIO> 1.00<F1>
<FN>
<F1>Annualized.
</FN>
</TABLE>
