SMITH BARNEY CONCERT SERIES
Supplement dated February 24, 1997
to Prospectus dated August 5, 1996
The Board of Directors of the Smith Barney Concert Series Inc. (the "Series")
has voted to change the name of the Series to the Smith Barney Concert
Allocation Series Inc., effective February 24, 1997. Management believed
insertion of the word "allocation" is necessary to differentiate the
current Series portfolios with other funds that will carry the Concert
name.
This change in name does not represent a change in the investment policies
or objectives of the Series. Rather, by adding the word allocation, the
name will better define the Series investment strategy - to allocate
the investments of the individual portfolios in a number of other
Smith Barney Mutual Funds, based on the investment objective of each
portfolio.
FD 01273
