EXHIBIT 77 to Lehman Brothers Income Funds Form NSAR 06/30/08

File Number: 81103802
CIK Number: 0000723620

SubItem 77C:

On January 15, 2008, Neuberger Berman, LLC,
as the holder of shares representing a
majority of the voting power, approved a
change to Lehman Brothers Strategic Income
Funds fundamental policy on industry
concentration to clarify that the Fund will not be
required to invest in the real estate industry.
The number of votes cast in favor of the
change to the investment policy was 932,963.13.
There were no votes cast against the
change.

SubItem 77D:

There have been changes to the investment
policies of certain series of Lehman Brothers
Income Funds that may be considered
material.  Lehman Brothers Core Bond Funds
principal investment policies were amended
to permit the Fund to invest, as part of the
Funds principal investment strategy, in
nonU.S. dollardenominated debt securities,
derivatives and municipal obligations.
Several changes were made to the principal
investment policies and strategies of Lehman
Brothers Strategic Income Fund.  First, the
Fund will no longer be managed by an asset
allocation committee and will no longer
dedicate a portion of its assets to dividendpaying
equity securities.  Second, the Funds
principal investment policies were amended to
permit the Fund to (1) invest without limit
in securities rated belowinvestmentgrade,
(2) invest without limit in foreign securities,
(3) invest in municipal obligations, and
(4) use derivatives for nonhedging purposes.  Third,
the Fund no longer has a targetaverage duration.
Fourth, the Fund also obtained shareholder approval to
change its fundamental limitation on industry
concentration to clarify that the Fund is not
required to invest in the real estate industry.

SubItem 77Q1

The following amendment has been made to
the Amended and Restated ByLaws Lehman
Brothers Income Funds:

Section 1 of Article III, which relates to the
establishment of committees of the Trust,
was amended to allow members of a committee to
elect the chair and vicechair of that
committee.