As filed with the Securities and Exchange Commission on September 29, 2009

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF
REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-21168

NEUBERGER BERMAN INTERMEDIATE MUNICIPAL FUND INC.
(Exact Name of the Registrant as Specified in Charter)

605 Third Avenue, 2nd Floor
New York, New York 10158-0180
(Address of Principal Executive Offices – Zip Code)

Registrant's telephone number, including area code: (212) 476-8800

Robert Conti, Chief Executive Officer
Neuberger Berman Intermediate Municipal Fund Inc.
605 Third Avenue, 2nd Floor
New York, New York 10158-0180

Arthur Delibert, Esq.

K&L Gates LLP

1601 K Street, N.W.
Washington, D.C. 20006-1600
(Names and addresses of agents for service)

Date of fiscal year end: October 31, 2009

Date of reporting period: July 31, 2009

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission not later than 60 days after the close of their first and third fiscal quarters, pursuant to Rule 30b1-5 under the Investment Company Act of 1940 (“1940 Act”) (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.


Item 1. Schedule of Investments.

July 31, 2009

Schedule of Investments Intermediate Municipal Fund Inc.
(UNAUDITED)
 

Principal Amount

 

Security @

     

Value†

($000's omitted)

       

($000's omitted)

Alabama (1.7%)

   

4,210

 

DCH Hlth. Care Au. Hlth. Care Fac. Rev., Ser. 2002, 5.25%, due 6/1/14

 

4,294

 

Arizona (9.0%)

   

1,465

 

Arizona Energy Management Svcs. (Main) LLC Energy Conservation Rev. (Arizona St. Univ. Proj.-Main Campus), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 7/1/17

 

1,552

 
   

5,000

 

Arizona Sch. Fac. Board Cert. of Participation, Ser. 2008, (AGC Insured), 5.13%, due 9/1/21

 

5,272

 
   

2,000

 

Arizona St. Trans. Board Hwy. Rev., Ser. 2008-A, 5.00%, due 7/1/26

 

2,107

 
   

2,265

 

Arizona Wtr. Infrastructure Fin. Au. Rev. (Wtr. Quality), Ser. 2008-A, 5.00%, due 10/1/22

 

2,518

 
   

5,000

 

Mohave Co. Ind. Dev. Au. Correctional Fac. Contract Rev. (Mohave Prison LLC Expansion Proj.), Ser. 2008, 7.50%, due 5/1/19

 

5,481

ß

   

1,840

 

Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/18

 

1,888

 
   

1,155

 

Pinal Co. Cert. of Participation, Ser. 2004, 5.25%, due 12/1/22

 

1,147

 
   

1,750

 

Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2003, 6.15%, due 7/15/17

 

1,555

 
   

2,325

 

Verrado Comm. Fac. Dist. Number 1 G.O., Ser. 2006, 5.05%, due 7/15/18

 

1,852

 
   

23,372

California (10.7%)

   

2,810

 

California HFA Rev. (Home Mtge.), Ser. 2007-E, 5.00%, due 2/1/42

 

2,658

 
   

3,460

 

California St. Dept. of Wtr. Res. Pwr. Supply Rev., Ser. 2002-A, 5.38%, due 5/1/22 Pre-Refunded 5/1/12

 

3,926

 
   

1,845

 

California St. G.O., Ser. 2005, 5.00%, due 3/1/19

 

1,919

 
   

1,500

 

California St. Pub. Works Board Lease Rev., Ser. 2002-A, (AMBAC Insured), 5.25%, due 12/1/17

 

1,526

 
   

4,000

 

California St. Var. Purp. G.O., Ser. 2009, 5.63%, due 4/1/25

 

4,205

 
   

1,240

 

California Statewide CDA Hlth. Fac. Rev. (Mem. Hlth. Svcs.), Ser. 2003-A, 6.00%, due 10/1/16

 

1,307

ß

   

1,270

 

California Statewide CDA Rev. (California Baptist Univ.), Ser. 2007-A, 5.30%, due 11/1/18

 

1,041

ß

   

2,525

 

Golden St. Tobacco Securitization Corp. Tobacco Settlement Rev., Ser. 2003-A1, 6.25%, due 6/1/33

 

2,824

 
   

2,080

 

Oakland Redev. Agcy. Sub. Tax Allocation Rev. (Central Dist. Redev. Proj.), Ser. 2003, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/18

 

2,041

 
   

2,000

 

San Bernardino Comm. College Dist. G.O. Cap. Appreciation (Election), Ser. 2009-B, due 8/1/19

 

1,002

µ

   

740

 

San Diego Redev. Agcy. Sub. Parking Rev. (Centre City Redev. Proj.), Ser. 2003-B, 5.00%, due 9/1/17

 

730

 
   

9,070

 

Victor Valley Comm. College Dist. G.O. Cap. Appreciation (Election 2008), Ser. 2009-C, due 8/1/19

 

4,590

µ

   

27,769

Colorado (6.3%)

   

600

 

Colorado Ed. & Cultural Facs. Au. Rev. (Nat'l Jewish Federal Board Prog.), Ser. 2004, (LOC: Bank of America), 0.38%, due 8/3/09

 

600

µß

   

4,220

 

Colorado Springs Util. Sys. Sub. Lien Ref. Rev., Ser. 2002-A, (AMBAC Insured), 5.38%, due 11/15/18

 

4,561

 
   

1,580

 

Denver City & Co. Arpt. Sys. Ref. Rev., Ser. 1991-D, (XLCA Insured), 7.75%, due 11/15/13

 

1,715

 
   

4,000

 

Denver City & Co. Arpt. Sys. Ref. Rev., Ser. 2002-E, (National Public Finance Guarantee Corp. Insured), 5.25%, due 11/15/14

 

4,102

 
   

4,610

 

Thornton Cert. of Participation, Ser. 2002, (AMBAC Insured), 5.38%, due 12/1/16 Pre-Refunded 12/1/12

 

5,253

 
   

16,231

   

Connecticut (0.8%)

   

2,400

 

Mashantucket Western Pequot Tribe Spec. Rev., Ser. 1997-B, 5.70%, due 9/1/12

 

2,127

ñ

District of Columbia (2.3%)

   

4,495

 

Dist. of Columbia (Washington, D.C.) Ref. G.O., Ser. 2002-C, (XLCA Insured), 5.25%, due 6/1/13

 

4,846

 
   

1,000

 

Metro. Washington Dist. of Columbia Arpt. Au. Sys., Ser. 2008-A, 5.50%, due 10/1/18

 

1,056

 
   

5,902

Florida (4.5%)

   

2,085

 

Fiddlers Creek Comm. Dev. Dist. Number 2 Spec. Assessment Rev., Ser. 2003-A, 6.00%, due 5/1/16

 

1,260

 
   

1,000

 

Hillsborough Co. Ind. Dev. Au. IDR (Hlth. Facs.), Ser. 2008-B, 8.00%, due 8/15/32

 

1,005

ßØ

   

985

 

Miami Beach Hlth. Fac. Au. Hosp. Ref. Rev. (Mount Sinai Med. Ctr. of Florida Proj.), Ser. 2004, 6.25%, due 11/15/09

 

984

ß

   

7,000

 

Palm Beach Co. Sch. Board Cert. of Participation, Ser. 2001-B, (AMBAC Insured), 5.38%, due 8/1/17

 

7,336

 
   

1,000

 

Sarasota Co. Util. Sys. Ref. Rev., Ser. 2002-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 10/1/20

 

1,036

 
   

11,621

Georgia (3.0%)

   

4,575

 

Henry Co. Wtr. & Swr. Au. Ref. Rev., Ser. 2002-A, (National Public Finance Guarantee Corp. Insured), 5.13%, due 2/1/17

 

5,001

 
   

2,710

 

Newnan Hosp. Au. Rev. Anticipation Cert. (Newnan Hosp., Inc. Proj.), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.50%, due 1/1/18

 

2,785

ß

   

7,786

Illinois (12.8%)

   

5,905

 

Bartlett Tax Increment Ref. Rev. (Quarry Redev. Proj.), Ser. 2007, 5.35%, due 1/1/17

 

4,993

 
   

5,940

 

Chicago G.O., Ser. 2002-A, (AMBAC Insured), 5.38%, due 1/1/17 Pre-Refunded 7/1/12

 

6,690

 
   

180

 

Chicago G.O. (Unrefunded Bal.), Ser. 2002-A, (AMBAC Insured), 5.38%, due 1/1/17

 

192

 
   

1,500

 

Chicago Metro. Wtr. Reclamation Dist. Cap. Imp. G.O., Ser. 2002-C, 5.38%, due 12/1/16 Pre-Refunded 12/1/12

 

1,714

 
   

1,970

 

Cook Co. Township High Sch. Dist. Number 225 Northfield Township, Ser. 2008, 5.00%, due 12/1/25

 

2,124

 
   

5,130

 

Illinois Ed. Fac. Au. Rev. (Field Museum of Natural History), Ser. 2002, 4.30%, due 11/1/36 Putable 11/1/13

 

5,187

µß

   

4,000

 

Illinois Fin. Au. Rev. (Clare Oaks Proj.), Ser. 2006-A, 5.75%, due 11/15/16

 

3,430

ß

   

3,000

 

Illinois Hlth. Fac. Au. Rev. (Loyola Univ. Hlth. Sys.) (Unrefunded Bal.), Ser. 1997-A, (National Public Finance Guarantee Corp. Insured), 6.00%, due 7/1/14

 

3,164

ß

   

1,670

 

Illinois Metro. Pier & Exposition Au. Dedicated St. Tax Ref. Rev., Ser. 1998-A, (FGIC Insured), 5.50%, due 6/15/17

 

1,990

 
   

2,000

 

Kane, Cooke, & DuPage Cos. Elgin Sch. Dist. Number U-46 G.O., Ser. 1998, (FSA Insured), 5.35%, due 1/1/15

 

2,095

 
   

2,250

 

Southwestern Illinois Local Gov't Dev. Au. Rev., (Collinsville Ltd.), Ser. 2007, 5.00%, due 3/1/25

 

1,593

 
   

33,172

Indiana (12.5%)

   

1,995

 

Indiana Bond Bank Rev. (St. Revolving Fund Prog.), Ser. 2001-A, 5.38%, due 2/1/17 Pre-Refunded 2/1/13

 

2,297

 
   

760

 

Indiana Bond Bank Rev. (St. Revolving Fund Prog.), Ser. 2002-B, 5.25%, due 2/1/18 Pre-Refunded 2/1/13

 

865

 
   

8,005

 

Indiana Bond Bank Rev. (Unrefunded Bal. Revolving Fund Prog.), Ser. 2001-A, 5.38%, due 2/1/17

 

8,708

 
   

2,800

 

Indiana Bond Bank Rev. (Unrefunded Bal. Revolving Fund Prog.), Ser. 2002-B, 5.25%, due 2/1/18

 

3,011

 
   

4,000

 

Indiana Hlth. & Ed. Fac. Fin. Au. Hosp. Ref. Rev. (Clarian Hlth. Oblig. Group), Ser. 2006-B, 5.00%, due 2/15/21

 

3,749

ßØØ

   

1,000

 

Indiana Muni. Pwr. Agcy. Pwr. Supply Sys. Rev., Ser. 2003-B, (National Public Finance Guarantee Corp. Insured), 5.25%, due 1/1/18

 

1,058

 
   

2,050

 

Indiana St. Hlth. Fac. Fin. Au. Rev. (Hlth. Sys. Sisters of St. Francis), Ser. 2001, 5.35%, due 11/1/15

 

2,141

ß

   

1,065

 

Indiana St. Recreational Dev. Comm. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 7/1/18

 

1,123

 
   

1,125

 

Indiana St. Recreational Dev. Comm. Rev., Ser. 2002, (AMBAC Insured), 5.25%, due 7/1/19

 

1,180

 
   

3,055

 

Indiana Trans. Fin. Au. Hwy. Ref. Rev., Ser. 2004-B, (National Public Finance Guarantee Corp. Insured), 5.75%, due 12/1/21

 

3,584

 
   

2,580

 

Indianapolis Local Pub. Imp. Rev. (Indianapolis Arpt. Au. Proj.), Ser. 2003-A, (FSA Insured), 5.63%, due 1/1/17

 

2,649

 
   

2,000

 

Jasper Hosp. Au. Hosp. Fac. Ref. Rev. (Mem. Hosp. & Hlth. Care Ctr. Proj.), Ser. 2002, (Radian Insured), 5.50%, due 11/1/17

 

2,041

ß

   

32,406

Iowa (5.0%)

   

1,000

 

Coralville Urban Renewal Rev., Tax Increment, Ser. 2007-C, 5.00%, due 6/1/15

 

1,022

 
   

5,110

 

Iowa Fin. Au. Rev. (St. Revolving Fund Prog.), Ser. 2008, 5.50%, due 8/1/22

 

5,783

 
   

2,875

 

Iowa Tobacco Settlement Au. Tobacco Settlement Asset-Backed Rev., Ser. 2001-B, 5.30%, due 6/1/25 Pre-Refunded 6/1/11

 

3,079

 
   

3,000

 

Iowa Tobacco Settlement Au. Tobacco Settlement Asset-Backed Rev., Ser. 2005-C, 5.38%, due 6/1/38

 

1,873

 
   

1,005

 

Kirkwood Comm. College Iowa New Jobs Training Cert. G.O. (Merged Area X), Ser. 2007-1B, 5.00%, due 6/1/17

 

1,061

 
   

12,818

Louisiana (0.4%)

   

1,000

 

Tobacco Settlement Fin. Corp. Tobacco Settlement Asset-Backed Rev., Ser. 2001-B, 5.50%, due 5/15/30

 

973

 

Maryland (0.4%)

   

1,000

 

Maryland St. Hlth. & Higher Ed. Fac. Au. Rev. (Union Hosp. of Cecil Co.), Ser. 2002, 5.50%, due 7/1/14

 

1,030

ß

Massachusetts (8.6%)

   

1,850

 

Massachusetts St. G.O., Ser. 2002-E, (National Public Finance Guarantee Corp. Insured), 5.38%, due 1/1/18 Pre-Refunded 1/1/13

 

2,083

 
   

2,070

 

Massachusetts St. Hlth. & Ed. Fac. Au. Rev. (Caritas Christi Oblig. Group), Ser. 1999-A, 5.70%, due 7/1/15

 

2,028

ß

   

1,990

 

Massachusetts St. Hlth. & Ed. Fac. Au. Rev. (Milford-Whitinsville Reg. Hosp.), Ser. 1998-C, 5.75%, due 7/15/13

 

1,971

ß

   

4,935

 

Massachusetts St. Hlth. & Ed. Fac. Au. Rev. (New England Med. Ctr. Hosp.), Ser. 2002-H, (FGIC Insured), 5.38%, due 5/15/16 Pre-Refunded 5/15/12

 

5,481

ß

   

5,030

 

Massachusetts St. Wtr. Poll. Abatement Trust Rev. (MWRA Prog.), Ser. 2002-A, 5.25%, due 8/1/19

 

5,491

 
   

2,775

 

Massachusetts St. Wtr. Poll. Abatement Trust Rev. (Unrefunded Bal. Rev. Pool Prog.), Ser. 2001-7, 5.25%, due 2/1/16

 

2,941

 
   

2,000

 

Massachusetts St. Wtr. Poll. Abatement Trust. Rev. (Pool Prog.), Ser. 2001-7, 5.25%, due 2/1/16 Pre-Refunded 8/1/11

 

2,163

 
   

22,158

Michigan (4.1%)

   

1,070

 

Ingham & Clinton Cos. East Lansing Bldg. Au. Ref. G.O., Ser. 1999, 5.25%, due 10/1/16

 

1,078

 
   

1,375

 

Macomb Co. New Haven Comm. Sch. Bldg. & Site G.O., Ser. 2002, 5.25%, due 5/1/17 Pre-Refunded 11/1/12

 

1,554

 
   

1,500

 

Michigan St. Bldg. Au. Rev. (Fac. Prog.), Ser. 2001-II, 5.50%, due 10/15/18 Pre-Refunded 10/15/11

 

1,653

 
   

3,850

 

Royal Oak Hosp. Fin. Au. Hosp. Ref. Rev. (William Beaumont Hosp.), Ser. 1996, 6.25%, due 1/1/12

 

4,062

ß

   

2,000

 

Summit Academy North Pub. Sch. Academy Ref. Rev., Ser. 2005, 5.25%, due 11/1/20

 

1,510

 
   

880

 

Summit Academy Pub. Sch. Academy Ref. Rev., Ser. 2005, 6.00%, due 11/1/15

 

775

 
   

10,632

Minnesota (2.6%)

   

2,000

 

Freeborn Co. Hsg. & Redev. Au. Lease Rev. (Criminal Justice Ctr. Proj.), Ser. 2002, 5.38%, due 2/1/17

 

2,063

 
   

2,000

 

Maple Grove Hlth. Care Sys. Rev. (Maple Grove Hosp. Corp.), Ser. 2007, 5.00%, due 5/1/17

 

2,025

ß

   

2,540

 

St. Paul Port Au. Lease Rev. (Office Bldg.), Ser. 2002, 5.00%, due 12/1/17

 

2,717

 
   

6,805

Mississippi (0.6%)

   

1,500

 

Mississippi Dev. Bank Spec. Oblig. (Wilkinson Co. Correctional), Ser. 2008-D, 5.00%, due 8/1/15

 

1,636

ß

Missouri (5.5%)

   

3,495

 

Bi State Dev. Agcy. Metro. Dist. Rev. (Metrolink Cross Co. Extension Proj.), Ser. 2002-B, (FSA Insured), 5.25%, due 10/1/16

 

3,689

 
   

2,000

 

Boone Co. Hosp. Ref. Rev. (Boone Hosp. Ctr.), Ser. 2002, 5.05%, due 8/1/20

 

1,974

ß

   

2,425

 

Branson Dev. Fin. Board Infrastructure Fac. Board Rev., Ser. 2003-A, 5.00%, due 12/1/17

 

2,346

 
   

705

 

Branson Ind. Dev. Au. Tax Increment Rev. (Branson Landing-Retail Proj.), Ser. 2005, 5.25%, due 6/1/21

 

511

 
   

2,000

 

Missouri St. Env. Imp. & Energy Res. Au. Wtr. Poll. Ctrl. & Drinking Wtr. Rev., Ser. 2002-B, 5.50%, due 7/1/16

 

2,220

 
   

400

 

Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-II, (FHA Insured), 5.25%, due 12/1/16

 

408

a

   

110

 

Missouri St. Hsg. Dev. Comm. Multi-Family Hsg. Rev., Ser. 2001-III, (FHA Insured), 5.05%, due 12/1/15

 

111

 
   

2,965

 

Missouri St. Univ. Auxiliary Enterprise Sys. Rev., Ser. 2007-A, (XLCA Insured), 5.00%, due 4/1/26

 

2,982

 
   

14,241

Nevada (4.8%)

   

1,635

 

Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 6.50%, due 6/15/17

 

1,686

 
   

3,545

 

Las Vegas Redev. Agcy. Tax Increment Rev., Ser. 2009-A, 7.50%, due 6/15/23

 

3,669

 
   

4,355

 

Las Vegas Valley Wtr. Dist. Ref. & Wtr. Imp. G.O., Ser. 2003-A, (National Public Finance Guarantee Corp. Insured), 5.25%, due 6/1/16

 

4,644

 
   

2,295

 

Truckee Meadows Wtr. Au. Wtr. Rev., Ser. 2001-A, (FSA Insured), 5.50%, due 7/1/15

 

2,452

 
   

12,451

New Hampshire (1.7%)

   

2,310

 

New Hampshire Hlth. & Ed. Fac. Au. Rev. (Univ. Sys. of New Hampshire), Ser. 2001, (AMBAC Insured), 5.38%, due 7/1/17 Pre-Refunded 7/1/11

 

2,535

 
   

1,700

 

New Hampshire Hlth. & Ed. Fac. Au. Rev. (Univ. Sys. of New Hampshire) (Unrefunded Bal.), Ser. 2001, (AMBAC Insured), 5.38%, due 7/1/17

 

1,805

 
   

4,340

New Jersey (3.6%)

   

1,500

 

New Jersey Econ. Dev. Au. Cigarette Tax Rev., Ser. 2004, 5.63%, due 6/15/19

 

1,388

ØØ

   

6,900

 

New Jersey Ed. Fac. Au. Rev. (Stevens Institute of Technology), Ser. 2002-C, 5.25%, due 7/1/17 Pre-Refunded 7/1/13

 

7,875

ß

   

9,263

New York (6.6%)

   

740

 

Lyons Comm. Hlth. Initiatives Corp. Fac. Rev., Ser. 2004, 5.50%, due 9/1/14

 

836

 
   

3,250

 

New York City G.O., Ser. 2002-C, 5.50%, due 8/1/15

 

3,548

 
   

2,580

 

New York City IDA Civic Fac. Rev. (Lycee Francais de New York Proj.), Ser. 2002-A, (ACA Insured), 5.50%, due 6/1/14

 

2,565

ß

   

650

 

New York City IDA Civic Fac. Rev. (Vaughn College of Aeronautics and Technology), Ser. 2006-A, 5.00%, due 12/1/21

 

498

ß

   

2,750

 

New York City IDA Liberty Rev. (7 World Trade Ctr., LLC Proj.), Ser. 2005-A, 6.25%, due 3/1/15

 

2,432

 
   

1,100

 

New York Liberty Dev. Corp. Rev. (Nat'l Sports Museum Proj.), Ser. 2006-A, 6.13%, due 2/15/19

 

1

#‡

   

1,700

 

New York St. Dorm. Au. Personal Income Tax Rev., Ser. 2003-A, 5.38%, due 3/15/20 Pre-Refunded 3/15/13

 

1,953

 
   

2,000

 

New York St. Urban Dev. Corp. Rev., Ser. 2008-D, 5.25%, due 1/1/20

 

2,157

 
   

3,000

 

Tobacco Settlement Fin. Corp., Ser. 2003-B-1C, 5.50%, due 6/1/21

 

3,105

 
   

17,095

North Carolina (0.4%)

   

1,000

 

Oak Island Enterprise Sys. Rev., Ser. 2009, 5.63%, due 6/1/24

 

1,035

 

North Dakota (1.6%)

   

4,100

 

Fargo Hlth. Sys. Rev. (Meritcare Obligated Group), Ser. 2002-A, (AMBAC Insured), 5.63%, due 6/1/17

 

4,186

ß

Ohio (1.5%)

   

3,760

 

Ohio St. Air Quality Dev. Au. Env. Imp. Ref. Rev. (USX Corp. Proj.), Ser. 1995, 5.00%, due 11/1/15 Putable 11/1/11

 

3,834

µß

Oregon (0.6%)

   

1,500

 

Oregon St. G.O. (Veterans Welfare), Ser. 2007-89B, (LOC: Dexia Credit Locale de France), 0.30%, due 8/3/09

 

1,500

µ

Pennsylvania (5.8%)

   

1,765

 

Cumberland Co. West Shore Area Au. Hosp. Rev. (Holy Spirit Hosp. of the Sisters of Christian Charity Proj.), Ser. 2001, 6.05%, due 1/1/19

 

1,716

ß

   

565

 

Delaware River Joint Toll Bridge Comm. Sys. Rev., Ser. 2003, 5.25%, due 7/1/18 Pre-Refunded 7/1/13

 

650

 
   

435

 

Delaware River Joint Toll Bridge Comm. Sys. Rev. (Unrefunded Bal.), Ser. 2003, 5.25%, due 7/1/18

 

459

 
   

2,000

 

Lancaster Co. Hosp. Au. Rev. (Brethren Village Proj.), Ser. 2008-A, 6.10%, due 7/1/22

 

1,901

ß

   

2,000

 

Lehigh Co. Gen. Purp. Au. Rev. (KidsPeace Oblig. Group), Ser. 1998, 6.00%, due 11/1/23

 

1,237

ß

   

5,000

 

Montgomery Co. Higher Ed. & Hlth. Au. Hosp. Rev. (Abington Mem. Hosp. Proj.), Ser. 2002-A, 5.00%, due 6/1/19

 

4,942

ß

   

2,000

 

Philadelphia Arpt. Ref. Rev. (Philadelphia Arpt. Sys.), Ser. 1998, (National Public Finance Guarantee Corp. Insured), 5.38%, due 6/15/14

 

2,015

 
   

1,480

 

Sayre Hlth. Care Fac. Au. Rev., (Guthrie Hlth. Proj.), Ser. 2002-A, 5.75%, due 12/1/21 Pre-Refunded 12/1/11

 

1,658

ß

   

520

 

Sayre Hlth. Care Fac. Au. Rev. (Unrefunded Bal.), (Guthrie Hlth. Proj.), Ser. 2002-A, 5.75%, due 12/1/21

 

526

ß

   

15,104

Puerto Rico (1.2%)

   

3,000

 

Puerto Rico Sales Tax Fin. Corp. Sales Tax Rev., Subser. 2009-A, 5.00%, due 8/1/39 Putable 8/1/11

 

3,037

µ

South Carolina (4.6%)

   

1,100

 

Charleston Co. Sch. Dist. G.O., Ser. 2001, (FSA Insured), 5.00%, due 2/1/18

 

1,150

 
   

2,140

 

Mt. Pleasant Town Waterworks & Swr. Sys. Ref. & Imp. Rev., Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 12/1/17

 

2,318

 
   

4,665

 

South Carolina St. Pub. Svc. Au. Rev., Ser. 2002-B, (FSA Insured), 5.38%, due 1/1/18

 

4,942

 
   

3,500

 

Union Co. IDR (Federal Paper Board Co., Inc. Proj.), Ser. 1989, 4.55%, due 11/1/09

 

3,514

ß

   

11,924

 

       

 

Tennessee (1.3%)

   

1,655

 

Knox Co. Hlth. Ed. & Hsg. Fac. Board Hosp. Fac. Rev., Ser. 2002-A, (FSA Insured), 5.50%, due 1/1/18 Pre-Refunded 1/1/13

 

1,888

ß

   

1,360

 

Knox Co. Hlth. Ed. & Hsg. Fac. Board Hosp. Fac. Rev. (Unrefunded Bal.), Ser. 2002-A, (FSA Insured), 5.50%, due 1/1/18

 

1,479

ß

   

3,367

Texas (23.5%)

   

4,145

 

Anson Ed. Fac. Corp. Std. Hsg. Rev. (Univ. of Texas at Dallas-Waterview Park Proj.), Ser. 2002, (ACA Insured), 5.00%, due 1/1/23

 

2,648

ß

   

865

 

Austin Convention Enterprises, Inc. Convention Ctr. Hotel First Tier Rev., Ser. 2001-A, 6.38%, due 1/1/16 Pre-Refunded 1/1/11

 

921

 
   

3,600

 

Corpus Christi Tax & Muni. Hotel Occupancy Tax G.O., Ser. 2002, (FSA Insured), 5.50%, due 9/1/17

 

3,873

 
   

1,935

 

Dallas-Fort Worth Int'l Arpt. Imp. Rev., Ser. 2004-B, (FSA Insured), 5.50%, due 11/1/18

 

1,975

 
   

1,750

 

Ector Co. Hosp. Dist. Hosp. Rev., Ser. 2002-A, 5.63%, due 4/15/16

 

1,752

 
   

1,745

 

Ector Co. Hosp. Dist. Hosp. Rev., Ser. 2002-A, 5.63%, due 4/15/17

 

1,747

 
   

2,300

 

Harris Co. Perm. Imp. Ref. G.O., Ser. 2008-B, 5.00%, due 10/1/19

 

2,603

 
   

2,900

 

Harris Co. Toll Road Sr. Lien Rev., Ser. 2008-B, 5.00%, due 8/15/33

 

2,896

 
   

2,210

 

Harris Co. Toll Road Sr. Lien Rev., (Unrefunded Bal.), Ser. 2002, (FSA Insured), 5.38%, due 8/15/16

 

2,423

 
   

4,790

 

Harris Co. Toll Road Sr. Lien Rev., Ser. 2002, (FSA Insured), 5.38%, due 8/15/16 Pre-Refunded 8/15/12

 

5,420

 
   

610

 

HFDC Ctr. Texas, Inc. Retirement Fac. Rev., Ser. 2006-A, 5.25%, due 11/1/15

 

538

ß

   

3,235

 

Houston Arpt. Sys. Sub. Lien. Ref. Rev., Ser. 2001-A, (National Public Finance Guarantee Corp. Insured), 5.50%, due 7/1/16

 

3,274

 
   

4,955

 

Houston Pub. Imp. Ref. G.O., Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.25%, due 3/1/17

 

5,278

 
   

1,000

 

Houston Pub. Imp. Ref. G.O., Ser. 2008-A, 5.00%, due 3/1/20

 

1,105

 
   

4,780

 

North Central Hlth. Fac. Dev. Corp. Hosp. Ref. Rev. (Baylor Hlth. Care Sys. Proj.), Ser. 1998, 5.10%, due 5/15/13

 

4,875

ß

   

950

 

Northwest Texas Independent Sch. Dist. Sch. Bldg., Ser. 2002, (PSF Insured), 5.50%, due 8/15/17 Pre-Refunded 2/15/13

 

1,092

 
   

50

 

Northwest Texas Independent Sch. Dist. Sch. Bldg. (Unrefunded Bal.), Ser. 2002, (PSF Insured), 5.50%, due 8/15/17

 

55

 
   

20

 

San Antonio Cert. of Obligation G.O., Ser. 2002, 5.00%, due 2/1/14 Pre-Refunded 2/1/12

 

22

 
   

1,240

 

San Antonio Cert. of Obligation G.O. (Unrefunded Balance), Ser. 2002, 5.00%, due 2/1/14

 

1,337

 
   

6,795

 

San Antonio Independent Sch. Dist. Unlimited Tax G.O., Ser. 2001-B, (PSF Insured), 5.38%, due 8/15/17

 

7,223

 
   

500

 

San Leanna Ed. Fac. Corp. Higher Ed. Ref. Rev., (St. Edwards Univ. Proj.), Ser. 2007, 5.00%, due 6/1/19

 

483

ß

   

910

 

Southmost Reg. Wtr. Au. Wtr. Supply Contract Rev., Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/19 Pre-Refunded 9/1/12

 

1,035

 
   

1,000

 

Southmost Reg. Wtr. Au. Wtr. Supply Contract Rev. (Unrefunded Bal.), Ser. 2002, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/19

 

1,050

 
   

4,200

 

Tarrant Reg. Wtr. Dist. Wtr. Ref. & Imp. Rev., Ser. 2002, (FSA Insured), 5.38%, due 3/1/16

 

4,630

 
   

300

 

Texas Std. Hsg. Corp. Std. Hsg. Rev. (Midwestern St. Univ. Proj.), Ser. 2002, 5.50%, due 9/1/12

 

318

 
   

1,000

 

Trinity River Au. Imp. & Ref. Rev. (Tarrant Co. Wtr. Proj.), Ser. 2003, (National Public Finance Guarantee Corp. Insured), 5.50%, due 2/1/16 Pre-Refunded 2/1/13

 

1,146

 
   

1,085

 

Tyler Hlth. Fac. Dev. Corp. Hosp. Rev. (Mother Frances Hosp. Reg. Hlth. Care Ctr. Proj.), Ser. 2003, 5.25%, due 7/1/13

 

1,064

 
   

60,783

Utah (0.5%)

   

1,200

 

Uintah Co. Muni. Bldg. Au. Lease Rev., Ser. 2008, 5.25%, due 6/1/20

 

1,275

 

 

       

 

Virginia (1.1%)

   

2,620

 

Peninsula Ports Au. Res. Care Fac. Ref. Rev. (VA Baptist Homes), Ser. 2006-C, 5.25%, due 12/1/21

 

2,068

ß

   

1,000

 

Virginia Beach Dev. Au. Residential Care Fac. Mtge. Ref. Rev. (Westminster-Canterbury of Hampton Roads, Inc.), Ser. 2005, 5.00%, due 11/1/22

 

794

ß

   

2,862

Washington (8.1%)

   

5,000

 

King & Snohomish Cos. Northshore Sch. Dist. Number 417 G.O., Ser. 2002, (FSA Insured), 5.50%, due 12/1/17 Pre-Refunded 6/1/12

 

5,631

 
   

6,250

 

Port of Seattle Sub. Lien Rev., Ser. 2002-B, (National Public Finance Guarantee Corp. Insured), 5.50%, due 9/1/16

 

6,380

 
   

1,000

 

Skagit Co. Pub. Hosp. Dist. Number 1 Ref. Rev., Ser. 2007, 5.63%, due 12/1/25

 

895

 
   

1,000

 

Skagit Co. Pub. Hosp. Dist. Ref. Rev., Ser. 2003, 6.00%, due 12/1/23

 

949

 
   

1,625

 

Skagit Co. Pub. Hosp. Dist. Ref. Rev., Ser. 2003, 6.00%, due 12/1/18

 

1,603

 
   

2,500

 

Tacoma Wtr. Sys. Rev., Ser. 2001, (National Public Finance Guarantee Corp. Insured), 5.13%, due 12/1/19

 

2,594

 
   

3,125

 

Washington St. Hlth. Care Fac. Au. Rev. (Yakima Valley Mem. Hosp. Assoc.), Ser. 2002, (ACA Insured), 5.00%, due 12/1/17

 

2,867

ß

   

20,919

West Virginia (0.4%)

   

1,000

 

West Virginia Sch. Bldg. Au. Excess Lottery Rev., Ser. 2008, 5.00%, due 7/1/19

 

1,116

 

Wisconsin (7.5%)

   

995

 

Badger Tobacco Asset Securitization Corp. Tobacco Settlement Asset-Backed Rev., Ser. 2002, 6.13%, due 6/1/27

 

1,090

 
   

1,900

 

Univ. of Wisconsin Hosp. & Clinics Au. Hosp. Rev., Ser. 2002-B, 5.50%, due 4/1/12

 

1,973

 
   

1,370

 

Wisconsin Hlth. & Ed. Fac. Au. Rev. (Aurora Med. Group, Inc. Proj.), Ser. 1996, (FSA Insured), 6.00%, due 11/15/11

 

1,464

ß

   

1,000

 

Wisconsin Hlth. & Ed. Fac. Au. Rev., (Franciscan Sisters Hlth. Care), Ser. 2007, 5.00%, due 9/1/14

 

990

ß

   

7,205

 

Wisconsin St. G.O., Ser. 2002-C, (National Public Finance Guarantee Corp. Insured), 5.25%, due 5/1/17 Pre-Refunded 5/1/12

 

7,997

 
   

2,780

 

Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Kenosha Hosp. & Med. Ctr., Inc. Proj.), Ser. 1999, 5.50%, due 5/15/15

 

2,805

ß

   

3,000

 

Wisconsin St. Hlth. & Ed. Fac. Au. Rev. (Meriter Hosp., Inc.), Ser. 2009, 5.63%, due 12/1/29

 

2,927

Ø

   

19,246

Wyoming (1.9%)

   

4,895

 

Wyoming Comm. Dev. Au. Hsg. Rev., Ser. 2006-6, 5.00%, due 12/1/21

 

4,806

 

Other (1.5%)

   

2,000

 

MuniMae Subordinated Cumulative Perpetual Preferred Shares, Ser. C, 4.70%, due 6/30/49 Putable 9/30/09

 

1,240

ñ

   

3,000

 

Non-Profit Pfd. Fdg. Trust I, Ser. 2006-C, 4.72%, due 9/15/37

 

2,590

Ñ

   

3,830

 

Total Investments (169.0%) (Cost $436,490)

 

436,946

##

 

Cash, receivables and other assets, less liabilities (0.4%)

 

977

 
 

Liquidation Value of Auction Market Preferred Shares [(69.4%)]

 

(179,400)

 
 

Total Net Assets Applicable to Common Shareholders (100.0%)

$258,523

See Notes to Schedule of Investments


Notes to Schedule of Investments (Unaudited)

The value of investments in securities by Neuberger Berman California Intermediate Municipal Fund Inc. ("California"), Neuberger Berman Intermediate Municipal Fund Inc. ("Intermediate"), and Neuberger Berman New York Intermediate Municipal Fund Inc. ("New York") (individually a "Fund", and collectively, the "Funds") is determined by Neuberger Berman Management LLC (“Management”) primarily by obtaining valuations from independent pricing services based on readily available bid quotations, or if quotations are not available, by methods which include considerations such as: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. If a valuation is not available from an independent pricing service, the Funds seek to obtain quotations from principal market makers. If such quotations are not readily available, securities are valued using methods each Fund’s Board of Directors has approved on the belief that they reflect fair value. Numerous factors may be considered when determining the fair value of a security, including available analyst, media or other reports, trading in futures or ADRs and whether the issuer of the security being fair valued has other securities outstanding. Short-term debt securities with less than 60 days until maturity may be valued at cost which, when combined with interest earned, is expected to approximate market value.

     
 

In accordance with Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“FAS 157"), investments held by a Fund are carried at “fair value” on a recurring basis. Fair value is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs are used in determining the value of the Funds’ investments some of which are discussed above.

     
 

In addition, effective July 31, 2009, the Funds adopted FASB Staff position (“FSP”) No. 157-4, “Determining Fair Value When the Volume and Level of Activity for the Asset or Liability Have Significantly Decreased and Identifying Transactions That Are Not Orderly” (“FSP No. 157-4”). FSP No. 157-4 emphasizes that the objective of fair value measurement described in FAS 157 remains unchanged and provides additional guidance for estimating fair value in accordance with FAS 157 when the volume and level of activity for the asset or liability have significantly decreased, as well as identifying circumstances that indicate that transactions are not orderly. FSP No. 157-4 identifies factors to be considered when determining whether or not a market is inactive and indicates that if a market is determined to be inactive and/or current market prices are reflective of “distressed sales ” significant management judgment may be necessary to estimate fair value in accordance with FAS 157.

     
 

In addition to defining fair value, FAS 157 established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

     
   

·     

Level 1 – quoted prices in active markets for identical investments

   

·     

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

   

·     

Level 3 – significant unobservable inputs (including the Funds’ own assumptions in determining the fair value of investments)

     
 

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

     
 

The following is a summary, by category of Level, of inputs used to value the Funds’ investments as of July 31, 2009:

   

Neuberger Berman (000’s omitted)

 

Investments in Securities:

 

Level 1

 

Level 2

 

Level 3

Total

California

       

Municipal Debt Securities^

$-

$141,892

$-

$141,892

Intermediate

       

Municipal Debt Securities^

-

436,946

-

436,946

New York

       

Municipal Debt Securities^

-

116,029

-

116,029



^

The Schedule of Investments provides information on the state categorization for the portfolio.



 

##

At July 31, 2009, selected Fund information on a U.S. federal income tax basis was as follows:



Neuberger Berman
(000’s omitted)

Cost

Gross Unrealized Appreciation

Gross Unrealized Depreciation

Net Unrealized

Appreciation

(Depreciation)

California

$142,818

$2,873

$3,799

$(926)

Intermediate

436,490

14,024

13,568

456

New York

117,667

2,249

3,887

(1,638)



@

At time of investment, municipal securities purchased by the Funds are within the four highest rating categories (with respect to at least 80% of total assets) assigned by a nationally recognized statistical rating organization ("NRSRO") such as Moody's Investors Service, Inc., Standard & Poor's, or Fitch Investors Services, Inc. or, where not rated, are determined by the Funds' investment manager to be of comparable quality. Approximately 73%, 61%, and 65% of the municipal securities held by California, Intermediate, and New York, respectively, have credit enhancement features backing them, which the Funds may rely on, such as letters of credit, insurance, or guarantees. Without these credit enhancement features the securities may or may not meet the quality standards of the Funds. Pre-refunded bonds are supported by securities in escrow issued or guaranteed by the U.S. Government, its agencies, or instrumentalities. The amount escrowed is sufficient to pay the periodic interest due and the principal of these bonds. Putable bonds give the Funds the right to sell back the issue on the date specified.

   

ß

Security is guaranteed by the corporate or non-profit obligor.

   

Ø

All or a portion of this security was purchased on a when-issued basis. At July 31, 2009, these securities amounted to $3,932,000 for Intermediate.

   

ñ

Restricted security subject to restrictions on resale under federal securities laws. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended, and have been deemed by the investment manager to be liquid. At July 31, 2009, these securities amounted to approximately $3,367,000 or 1.3% of net assets applicable to common shareholders for Intermediate.

   

ñ

These securities have been deemed by the investment manager to be illiquid. At July 31, 2009, these securities amounted to $2,590,000 or 1.0% of net assets applicable to common shareholders for Intermediate.

   

ØØ

All or a portion of this security is segregated in connection with obligations for when-issued purchase commitments.

   

µ

Floating rate securities are securities whose yields vary with a designated market index or market rate. These securities are shown at their current rates as of July 31, 2009.

   

a

Security is subject to a guarantee provided by Bayerische Landesbank, backing 100% of the total principal.

   

p

Security is subject to a guarantee provided by Dexia Credit Locale de France, backing 100% of the total principal.

   

Security is in default.

   

#

Restricted security subject to restrictions on resale under federal securities laws. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended, and have been deemed by the investment manager to be illiquid and restricted. At July 31, 2009, these securities amounted to approximately $1,000 or

0.0% of net assets applicable to common shareholders for Intermediate and approximately $1,000 or 0.0% of net assets applicable to common shareholders for New York.



 

(000’s omitted)

Restricted Security

Acquisition Date

Acquisition Cost

Acquisition
Cost
Percentage
of
Net Assets
Applicable to Common Shareholders as of Acquisition Date

Value as of July 31, 2009

Fair Value Percentage of Net Assets Applicable to Common Shareholders as of July 31, 2009

Intermediate

New York Liberty
Dev. Corp. Rev.
(Nat’l Sports
Museum Proj.),
Ser. 2006-A, 6.13%,

due 2/15/19

8/4/2006

$1,100

0.4%

$1

0.0%

New York

New York Liberty
Dev. Corp. Rev.
(Nat’l Sports
Museum Proj.),

Ser. 2006-A, 6.13%,

due 2/15/19

8/4/2006

660

0.8

1

0.0%



For information on the Funds’ significant accounting policies, please refer to the Funds’ most recent shareholder reports.


Item 2. Controls and Procedures.

(a)

Based on an evaluation of the disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (“1940 Act”)), as of a date within 90 days of the filing date of this document, the Chief Executive Officer and Treasurer and Principal Financial and Accounting Officer of the Registrant have concluded that such disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the Registrant on Form N-CSR and Form N-Q is accumulated and communicated to the Registrant’s management to allow timely decisions regarding required disclosure.

   

(b)

There were no significant changes in the Registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.



Item 3. Exhibits

The certifications required by Rule 30a-2(a) of the 1940 Act are filed herewith.     


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and 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.

Neuberger Berman Intermediate Municipal Fund Inc.
 

By:

/s/ Robert Conti

 

Robert Conti

 

Chief Executive Officer



Date: September 22, 2009
 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
 

By:

/s/ Robert Conti

 

Robert Conti

 

Chief Executive Officer

   

Date: September 22, 2009

   

By:

/s/ John M. McGovern

 

John M. McGovern

 

Treasurer and Principal Financial

 

and Accounting Officer

   

Date: September 22, 2009