Neuberger Berman High Yield Strategies Fund N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number			811-21342
Lehman Brothers First Trust Income Opportunity Fund
(Exact name of registrant as specified in charter)
399 Park Avenue, New York, NY					10022
(Address of principal executive offices)					(Zip code)
Bradley Tank Lehman Brothers First Trust Income Opportunity Fund 399 Park Avenue New York, NY 10022
(Name and address of agent for service)
Registrant's telephone number, including area code:				(212) 526-7000
Date of fiscal year end:	12/31/05
Date of reporting period:		7/1/04 - 6/30/05

Item 1. Proxy Voting Record.

The registrant did not hold any portfolio securities with respect to which the registrant was entitled to vote during the period from July 1, 2004 through June 30, 2005.

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)		Lehman Brothers First Trust Income Opportunity Fund
By (Signature and Title)				/s/ Bradley Tank
			Bradley Tank, President
	Date		August 25, 2005

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