Neuberger & Berman Income Trust Registered
Supplement to the Prospectus dated February 3, 1997
The Board of Trustees voted on September 24, 1997 to recommend to the
shareholders of Neuberger & Berman Ultra Short Bond Trust ("Ultra Short") a
transaction in which Ultra Short would sell substantially all of its assets to
Neuberger & Berman Limited Maturity Bond Trust ("Limited Maturity"), effective
at the close of business on February 27, 1998. Shareholders of Ultra Short would
receive shares of Limited Maturity in exchange for their shares of Ultra Short,
and Ultra Short would cease operations.
The date of this Supplement is September 25, 1997.
