SCHEDULE A The Series of Income Managers Trust currently subject to this Agreement are as follows: Neuberger & Berman Cash Reserves Portfolio Neuberger & Berman Government Money Portfolio Neuberger & Berman High Yield Bond Portfolio Neuberger & Berman...

                   XXXXXXXXX & XXXXXX MANAGEMENT INCORPORATED
                             SUB-ADVISORY 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 
Xxxxxxxxx & Xxxxxx Ultra Short Bond Portfolio




DATED:  March 2, 1998