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NEUBERGER&BERMAN
INCOME TRUST -SM-
This information supplements the Prospectus dated March 1, 1995, and supersedes
prior supplements.
Neuberger&Berman GOVERNMENT INCOME Trust
Neuberger&Berman LIMITED MATURITY BOND Trust
Neuberger&Berman ULTRA SHORT BOND Trust
(each, a "Fund")
Effective January 19, 1996, Neuberger&Berman GOVERNMENT INCOME Trust has been
dissolved. Institutions holding shares of the Fund will receive proceeds in the
amount of the net asset value of their shares as of the close of business on
that day. Proceeds will be paid to Institutions in accordance with the Fund's
usual procedures for redemption of shares. Each Institution will distribute
proceeds to its clients pursuant to its established policies.
Investment Manager, Administrator,
Distributor, and Sub-Adviser
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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.
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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.
The date of this Supplement is January 19, 1996.
PRINTED ON RECYCLED PAPER
RECYCLE LOGO
WITH SOY BASED INKS NBII00131196
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