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 Limited Maturity Bond Portfolio Neuberger &...

                      ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ MANAGEMENT INCORPORATED
                                SUB-ADVISORY AGREEMENT

                                     SCHEDULE A

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


     ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Cash Reserves Portfolio
     ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Government Money Portfolio
     ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Limited Maturity Bond Portfolio
     ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Municipal Money Portfolio
     ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Municipal Securities Portfolio
     ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ New York Insured Intermediate Portfolio
     ▇▇▇▇▇▇▇▇▇ & ▇▇▇▇▇▇ Ultra Short Bond Portfolio


     DATED:  February 2, 1996