NEUBERGER & BERMAN INCOME TRUST
497, 1995-12-28
Previous: DREYFUS ASSET ALLOCATION FUND INC, NSAR-A, 1995-12-28
Next: NEUBERGER & BERMAN INCOME TRUST, N-30D, 1995-12-28



<PAGE>

<PAGE>
NEUBERGER&BERMAN
INCOME TRUST -SM-

This information supplements the Prospectus dated March 1, 1995.

  Neuberger&Berman GOVERNMENT INCOME Trust
  Neuberger&Berman LIMITED MATURITY BOND Trust
  Neuberger&Berman ULTRA SHORT BOND Trust
          (each, a "Fund")

  At  a meeting  of the  Trustees on  December 20,  1995, the  Trustees voted to
approve the dissolution of Government Income Trust, effective January 19,  1996.
Investors  holding shares of the Fund on  that date will receive proceeds in the
amount of the net  asset value of their  shares as of the  close of business  on
that  date. Effective January 2, 1996, sales  of new shares of Government Income
Fund will be suspended.

          Investment Manager, Administrator,
          Distributor, and Sub-Adviser

- ---------------------------------------------------------

  Theresa A. Havell, the President  and a Trustee of  the Trust and of  Managers
Trust,  is  a  general  partner  of Neuberger&Berman  and  a  director  and Vice
President of N&B Management. Ms. Havell is the Manager of the Fixed Income Group
of Neuberger&Berman,  which she  established  in 1984.  The Fixed  Income  Group
manages fixed income accounts that had approximately $12 billion of assets as of
June  30, 1995. Ms. Havell has overall  responsibility for the activities of the
Fixed Income  Group, providing  guidance and  reviewing portfolio  strategy  and
structure.
  The  following members of the Fixed Income Group are primarily responsible for
the day-to-day management of the listed Portfolios:
  Neuberger&Berman ULTRA SHORT Bond Portfolio  -- Josephine P. Mahaney, who  has
been  a  Senior Portfolio  Manager  in the  Fixed  Income Group  since  1984, an
Assistant Vice  President  of  N&B Management  from  1986  to 1994  and  a  Vice
President of N&B Management since November 1994.
<PAGE>
  Neuberger&Berman  LIMITED  MATURITY Bond  Portfolio --  Theresa A.  Havell and
Thomas G. Wolfe.  Mr. Wolfe has  been a  Senior Portfolio Manager  in the  Fixed
Income  Group since  July 1993, Director  of Fixed Income  Credit Research since
July 1993  and a  Vice President  of  N&B Management  since October  1995.  From
November  1987  to June  1993 he  was  Vice President  in the  Corporate Finance
Department of the Standard & Poor's Rating Group.
  Neuberger&Berman GOVERNMENT INCOME Portfolio -- Theresa A. Havell and  William
H.  Cunningham. Mr. Cunningham has been a member of the Fixed Income Group since
March 1993, a Senior Portfolio Manager in the Fixed Income Group since June 1995
and a Vice President of N&B Management  since October 1995. From August 1989  to
February 1993 he was a manager in the Corporate Finance, Merger and Acquisitions
and Capital Markets Groups for a major corporation.

               The date of this Supplement is December 27, 1995.

        PRINTED ON RECYCLED PAPER
RECYCLE LOGO
        WITH SOY BASED INKS
                                                                    NBII00131196

<PAGE>



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission