LEHMAN BROTHERS INCOME FUNDS
605 Third Avenue
New York, New York 10158-0180
November 5, 2008
VIA EDGAR
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Mr. H. Hallock
Division of Investment Management
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: Lehman Brothers Income Funds. - Post-Effective Amendment No. 68
--Neuberger Berman Cash Reserves, Investor Class
(File Nos. 002-85229 and 811-03802)
Form Type: 485APOS; Accession Number: 0000898432-08-000915
Application for Withdrawal
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Dear Mr. Hallock:
The Lehman Brothers Income Funds (the "Registrant") hereby requests,
pursuant to Rule 477 under the Securities Act of 1933, as amended, the
withdrawal of Post-Effective Amendment No. 68 (the "Post-Effective Amendment")
to the Registrant's Registration Statement on Form N-1A, which was filed as
EDGAR submission type 485APOS with the Securities and Exchange Commission on
September 8, 2008 (Accession No. 0000898432-08-000915). The Post-Effective
Amendment was filed to incorporate proposed changes to Neuberger Berman Cash
Reserves' investment policy, whereby the Fund would change to a hub-and-spoke
structure and would invest all of the its net investable assets in a
corresponding master fund. Subsequent to the filing of the Post-Effective
Amendment, the Registrant has determined that it would be in the Fund's best
interest not to enter into a hub-and-spoke structure at this time. Accordingly,
the Registrant requests the withdrawal of the Post-Effective Amendment. The
Registrant confirms that no securities were sold in connection with the proposed
offering pursuant to the Post-Effective Amendment.
If you have any questions concerning the foregoing, please do not hesitate
to contact Fatima Sulaiman of K&L Gates LLP, counsel to the Registrant, at (202)
778-9223.
Sincerely,
LEHMAN BROTHERS INCOME FUNDS
By: /s/ Robert Conti
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By: Robert Conti
Executive Vice President