<DOCUMENT>
<TYPE>EX-99.2P
<SEQUENCE>17
<FILENAME>n533108.txt
<DESCRIPTION>LETTER OF INVESTMENT INTENT
<TEXT>

Neuberger Berman, LLC
605 Third Avenue
New York, New York 10158-0180






                               September 23, 2002


Neuberger Berman Intermediate Municipal Fund Inc.
605 Third Avenue
New York, New York 10158

Ladies and Gentlemen:

         We are writing to confirm the  purchase of 6,981 shares of common stock
of Neuberger  Berman  Intermediate  Municipal Fund Inc., which we have purchased
from  you at a  price  of $15 per  share.  This is to  advise  you  that we have
purchased these shares for investment only with no present  intention of selling
any such  shares,  and we do not now  have any  intention  of  selling  any such
shares.


                                                  Sincerely,


                                                  /s/   Peter E. Sundman
                                                  ------------------------
                                                  Name: Peter E. Sundman
                                                  Title:Executive Vice President


</TEXT>
</DOCUMENT>
