NEUBERGER & BERMAN MANAGEMENT INCORPORATED MANAGEMENT AGREEMENT

                 

                   XXXXXXXXX & XXXXXX MANAGEMENT INCORPORATED
                              MANAGEMENT AGREEMENT

                                   SCHEDULE A


The Series of Income Managers Trust  currently  subject to this
Agreement are as follows:

Xxxxxxxxx & Xxxxxx Cash Reserves  Portfolio
Xxxxxxxxx & Xxxxxx Government Money Portfolio
Xxxxxxxxx  & Xxxxxx  High Yield  Bond  Portfolio
Xxxxxxxxx  & Xxxxxx Limited  Maturity Bond Portfolio
Xxxxxxxxx & Xxxxxx  Municipal  Money Portfolio
Xxxxxxxxx & Xxxxxx Municipal Securities Portfolio







DATED:  March 2, 1998