<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM N-18F-1
Notification of Election Pursuant to Rule 18f-1
Under the Investment Company Act of 1940
NEUBERGER & BERMAN INCOME TRUST
NOTIFICATION OF ELECTION
The undersigned registered open-end investment company, on behalf
of the following series: Neuberger & Berman Limited Maturity Bond Trust
and Neuberger & Berman Ultra Short Bond Trust (each, a "Series"), hereby
notifies the Securities and Exchange Commission that each Series elects to
commit itself to pay in cash all redemptions by a shareholder of record as
provided by Rule 18f-1 under the Investment Company Act of 1940. It is
understood that this election is irrevocable while such Rule is in effect
unless the Commission by order upon application permits the withdrawal of
this Notification of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the Investment
Company Act of 1940, the Registrant has caused this Notification of
Election to be duly executed on its behalf in the County of New York and
the State New York on the 12th day of August, 1996.
NEUBERGER & BERMAN INCOME TRUST
By /s/ Michael J.Weiner
--------------------------------
Michael J. Weiner
Vice President
--------------------------------
Title
Attest:
/s/ Claudia A. Brandon
Claudia A. Brandon
Secretary
<PAGE>
