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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 Y
070 K010400 N
<PAGE> PAGE 22
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 N
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 387223
071 B000400 0
071 C000400 207939
071 D000400 0
072 A000400 12
072 B000400 171
072 C000400 0
072 D000400 0
072 E000400 10327
072 F000400 678
072 G000400 0
072 H000400 0
072 I000400 0
072 J000400 0
072 K000400 0
072 L000400 0
072 M000400 0
072 N000400 0
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 1372
072 U000400 0
072 V000400 0
072 W000400 0
072 X000400 2050
072 Y000400 0
072 Z000400 8448
072AA000400 3809
072BB000400 0
072CC010400 16726
072CC020400 0
072DD010400 3809
072DD020400 3556
<PAGE> PAGE 23
072EE000400 328
073 A010400 0.3100
073 A020400 0.2200
073 B000400 0.0200
073 C000400 0.0000
074 A000400 0
074 B000400 3810
074 C000400 0
074 D000400 0
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 400139
074 J000400 3189
074 K000400 0
074 L000400 761
074 M000400 0
074 N000400 407899
074 O000400 3648
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 506
074 S000400 0
074 T000400 403745
074 U010400 13070
074 U020400 17154
074 V010400 12.32
074 V020400 12.33
074 W000400 0.0000
074 X000400 57
074 Y000400 0
075 A000400 0
075 B000400 207939
076 000400 0.00
028 A010500 2473
028 A020500 0
028 A030500 0
028 A040500 230
028 B010500 2093
028 B020500 0
028 B030500 0
028 B040500 35
028 C010500 2676
028 C020500 0
028 C030500 0
028 C040500 127
028 D010500 2010
<PAGE> PAGE 24
028 D020500 74
028 D030500 0
028 D040500 277
028 E010500 1937
028 E020500 97
028 E030500 0
028 E040500 295
028 F010500 2484
028 F020500 165
028 F030500 0
028 F040500 690
028 G010500 13673
028 G020500 336
028 G030500 0
028 G040500 1654
028 H000500 6942
029 000500 Y
030 A000500 908
030 B000500 5.00
030 C000500 0.00
031 A000500 0
031 B000500 0
032 000500 0
033 000500 908
034 000500 Y
035 000500 90
036 A000500 Y
036 B000500 0
037 000500 N
038 000500 0
039 000500 N
040 000500 Y
041 000500 Y
042 A000500 0
042 B000500 0
042 C000500 0
042 D000500 0
042 E000500 0
042 F000500 0
042 G000500 0
042 H000500 0
043 000500 967
044 000500 0
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.350
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
<PAGE> PAGE 25
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 N
054 A000500 N
054 B000500 N
054 C000500 N
054 D000500 N
054 E000500 N
054 F000500 N
054 G000500 N
054 H000500 N
054 I000500 N
054 J000500 N
054 K000500 N
054 L000500 N
054 M000500 N
054 N000500 N
054 O000500 N
055 A000500 N
055 B000500 N
056 000500 N
057 000500 N
058 A000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 1000
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
<PAGE> PAGE 26
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 Y
066 E000500 N
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 N
070 A010500 Y
070 A020500 Y
070 B010500 N
070 B020500 N
070 C010500 N
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 N
070 J020500 N
070 K010500 Y
070 K020500 Y
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
<PAGE> PAGE 27
070 N010500 N
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 N
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 298735
071 B000500 0
071 C000500 161716
071 D000500 0
072 A000500 12
072 B000500 153
072 C000500 4935
072 D000500 0
072 E000500 0
072 F000500 529
072 G000500 0
072 H000500 0
072 I000500 0
072 J000500 0
072 K000500 0
072 L000500 0
072 M000500 0
072 N000500 0
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 0
072 S000500 0
072 T000500 967
072 U000500 0
072 V000500 0
072 W000500 0
072 X000500 1496
072 Y000500 0
072 Z000500 3592
072AA000500 3081
072BB000500 0
072CC010500 14057
072CC020500 0
072DD010500 2433
072DD020500 937
072EE000500 0
073 A010500 0.2000
073 A020500 0.1600
073 B000500 0.4200
073 C000500 0.0000
<PAGE> PAGE 28
074 A000500 234
074 B000500 3164
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 1644
074 K000500 0
074 L000500 484
074 M000500 311907
074 N000500 317433
074 O000500 2292
074 P000500 487
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 0
074 S000500 0
074 T000500 314654
074 U010500 12412
074 U020500 11378
074 V010500 12.41
074 V020500 12.41
074 W000500 0.0000
074 X000500 90446
074 Y000500 0
075 A000500 0
075 B000500 143127
076 000500 0.00
SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 1
[NAME] BALANCED PORTFOLIO CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 216,098,495
[INVESTMENTS-AT-VALUE] 222,442,761
[RECEIVABLES] 2,315,402
[ASSETS-OTHER] 971
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 224,759,134
[PAYABLE-FOR-SECURITIES] 1,490,751
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 442,314
[TOTAL-LIABILITIES] 1,933,065
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 212,315,182
[SHARES-COMMON-STOCK] 7,490,061
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 4,704,927
[OVERDISTRIBUTION-NII] (35,195)
[ACCUMULATED-NET-GAINS] 4,003,816
[OVERDISTRIBUTION-GAINS] 4,003,816
[ACCUM-APPREC-OR-DEPREC] 6,344,266
[NET-ASSETS] 222,826,069
[DIVIDEND-INCOME] 5,726,449
[INTEREST-INCOME] 96,676
[OTHER-INCOME] 0
[EXPENSES-NET] 1,118,198
[NET-INVESTMENT-INCOME] 4,704,927
[REALIZED-GAINS-CURRENT] 4,003,816
[APPREC-INCREASE-CURRENT] 6,344,266
[NET-CHANGE-FROM-OPS] 15,053,009
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,094,578
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,749,149
[NUMBER-OF-SHARES-REDEEMED] 434,645
[SHARES-REINVESTED] 175,557
[NET-CHANGE-IN-ASSETS] 222,826,069
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 369,783
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,118,198
[AVERAGE-NET-ASSETS] 41,901,168
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.45
[PER-SHARE-GAIN-APPREC] 00.74
[PER-SHARE-DIVIDEND] 00.45
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.14
[EXPENSE-RATIO] 00.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 1
[NAME] BALANCED PORTFOLIO CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 216,098,495
[INVESTMENTS-AT-VALUE] 222,442,761
[RECEIVABLES] 2,315,402
[ASSETS-OTHER] 971
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 224,759,134
[PAYABLE-FOR-SECURITIES] 1,490,751
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 442,314
[TOTAL-LIABILITIES] 1,933,065
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 212,315,182
[SHARES-COMMON-STOCK] 9,220,667
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 4,704,927
[OVERDISTRIBUTION-NII] (35,195)
[ACCUMULATED-NET-GAINS] 4,003,816
[OVERDISTRIBUTION-GAINS] 4,003,816
[ACCUM-APPREC-OR-DEPREC] 6,344,266
[NET-ASSETS] 222,826,069
[DIVIDEND-INCOME] 5,726,449
[INTEREST-INCOME] 96,676
[OTHER-INCOME] 0
[EXPENSES-NET] 1,118,198
[NET-INVESTMENT-INCOME] 4,704,927
[REALIZED-GAINS-CURRENT] 4,003,816
[APPREC-INCREASE-CURRENT] 6,344,266
[NET-CHANGE-FROM-OPS] 15,053,009
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,224,021
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 9,437,519
[NUMBER-OF-SHARES-REDEEMED] 397,658
[SHARES-REINVESTED] 180,806
[NET-CHANGE-IN-ASSETS] 222,826,069
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 369,783
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,118,198
[AVERAGE-NET-ASSETS] 55,179,984
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.37
[PER-SHARE-GAIN-APPREC] 00.74
[PER-SHARE-DIVIDEND] 00.37
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.14
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 1
[NAME] BALANCED PORTFOLIO CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 216,098,495
[INVESTMENTS-AT-VALUE] 222,442,761
[RECEIVABLES] 2,315,402
[ASSETS-OTHER] 971
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 224,759,134
[PAYABLE-FOR-SECURITIES] 1,490,751
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 442,314
[TOTAL-LIABILITIES] 1,933,065
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 212,315,182
[SHARES-COMMON-STOCK] 1,645,411
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 4,704,927
[OVERDISTRIBUTION-NII] (35,195)
[ACCUMULATED-NET-GAINS] 4,003,816
[OVERDISTRIBUTION-GAINS] 4,003,816
[ACCUM-APPREC-OR-DEPREC] 6,344,266
[NET-ASSETS] 222,826,069
[DIVIDEND-INCOME] 5,726,449
[INTEREST-INCOME] 96,676
[OTHER-INCOME] 0
[EXPENSES-NET] 1,118,198
[NET-INVESTMENT-INCOME] 4,704,927
[REALIZED-GAINS-CURRENT] 4,003,816
[APPREC-INCREASE-CURRENT] 6,344,266
[NET-CHANGE-FROM-OPS] 15,053,009
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 421,523
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,709,183
[NUMBER-OF-SHARES-REDEEMED] 92,877
[SHARES-REINVESTED] 29,105
[NET-CHANGE-IN-ASSETS] 222,826,069
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 369,783
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,118,198
[AVERAGE-NET-ASSETS] 10,649,704
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.37
[PER-SHARE-GAIN-APPREC] 00.74
[PER-SHARE-DIVIDEND] 00.37
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.14
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 1
[NAME] BALANCED PORTFOLIO CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 216,098,495
[INVESTMENTS-AT-VALUE] 222,442,761
[RECEIVABLES] 2,315,402
[ASSETS-OTHER] 971
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 224,759,134
[PAYABLE-FOR-SECURITIES] 1,490,751
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 442,314
[TOTAL-LIABILITIES] 1,933,065
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 212,315,182
[SHARES-COMMON-STOCK] 211
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 4,704,927
[OVERDISTRIBUTION-NII] (35,195)
[ACCUMULATED-NET-GAINS] 4,003,816
[OVERDISTRIBUTION-GAINS] 4,003,816
[ACCUM-APPREC-OR-DEPREC] 6,344,266
[NET-ASSETS] 222,826,069
[DIVIDEND-INCOME] 5,726,449
[INTEREST-INCOME] 96,676
[OTHER-INCOME] 0
[EXPENSES-NET] 1,118,198
[NET-INVESTMENT-INCOME] 4,704,927
[REALIZED-GAINS-CURRENT] 4,003,816
[APPREC-INCREASE-CURRENT] 6,344,266
[NET-CHANGE-FROM-OPS] 15,053,009
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 211
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 222,826,069
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 369,783
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,118,198
[AVERAGE-NET-ASSETS] 1,278
[PER-SHARE-NAV-BEGIN] 12.10
[PER-SHARE-NII] 0
[PER-SHARE-GAIN-APPREC] 00.03
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.13
[EXPENSE-RATIO] 00.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 2
[NAME] INCOME PORTFOLIO CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 37,751,136
[INVESTMENTS-AT-VALUE] 38,129,554
[RECEIVABLES] 685,654
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 37,570,457
[TOTAL-ASSETS] 38,256,111
[PAYABLE-FOR-SECURITIES] 459,884
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 65,764
[TOTAL-LIABILITIES] 525,640
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 36,915,806
[SHARES-COMMON-STOCK] 1,545,691
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,372,727
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 37,730,463
[DIVIDEND-INCOME] 1,356,405
[INTEREST-INCOME] 16,322
[OTHER-INCOME] 0
[EXPENSES-NET] 172,845
[NET-INVESTMENT-INCOME] 1,199,882
[REALIZED-GAINS-CURRENT] 378,418
[APPREC-INCREASE-CURRENT] 378,418
[NET-CHANGE-FROM-OPS] 2,019,934
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 564,732
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,693,882
[NUMBER-OF-SHARES-REDEEMED] 187,425
[SHARES-REINVESTED] 39,234
[NET-CHANGE-IN-ASSETS] 36,915,806
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 172,845
[AVERAGE-NET-ASSETS] 8,987,415
[PER-SHARE-NAV-BEGIN] 11.46
[PER-SHARE-NII] 00.63
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.63
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.53
[EXPENSE-RATIO] 00.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 2
[NAME] INCOME PORTFOLIO CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 37,751,136
[INVESTMENTS-AT-VALUE] 38,129,554
[RECEIVABLES] 685,654
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 37,570,457
[TOTAL-ASSETS] 38,256,111
[PAYABLE-FOR-SECURITIES] 459,884
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 65,764
[TOTAL-LIABILITIES] 525,640
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 36,915,806
[SHARES-COMMON-STOCK] 1,544,079
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,372,727
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 37,730,463
[DIVIDEND-INCOME] 1,356,405
[INTEREST-INCOME] 16,322
[OTHER-INCOME] 0
[EXPENSES-NET] 172,845
[NET-INVESTMENT-INCOME] 1,199,882
[REALIZED-GAINS-CURRENT] 378,418
[APPREC-INCREASE-CURRENT] 378,418
[NET-CHANGE-FROM-OPS] 2,019,934
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 570,195
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,782,748
[NUMBER-OF-SHARES-REDEEMED] 272,729
[SHARES-REINVESTED] 34,060
[NET-CHANGE-IN-ASSETS] 36,915,806
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 172,845
[AVERAGE-NET-ASSETS] 9,911,026
[PER-SHARE-NAV-BEGIN] 11.46
[PER-SHARE-NII] 00.55
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.58
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.53
[EXPENSE-RATIO] 01.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 2
[NAME] INCOME PORTFOLIO CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 37,751,136
[INVESTMENTS-AT-VALUE] 38,129,554
[RECEIVABLES] 685,654
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 37,570,457
[TOTAL-ASSETS] 38,256,111
[PAYABLE-FOR-SECURITIES] 459,884
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 65,764
[TOTAL-LIABILITIES] 525,640
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 36,915,806
[SHARES-COMMON-STOCK] 183,305
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,372,727
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 37,730,463
[DIVIDEND-INCOME] 1,356,405
[INTEREST-INCOME] 16,322
[OTHER-INCOME] 0
[EXPENSES-NET] 172,845
[NET-INVESTMENT-INCOME] 1,199,882
[REALIZED-GAINS-CURRENT] 378,418
[APPREC-INCREASE-CURRENT] 378,418
[NET-CHANGE-FROM-OPS] 2,019,934
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 70,349
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 206,039
[NUMBER-OF-SHARES-REDEEMED] 26,502
[SHARES-REINVESTED] 3,768
[NET-CHANGE-IN-ASSETS] 36,915,806
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 172,845
[AVERAGE-NET-ASSETS] 1,209,220
[PER-SHARE-NAV-BEGIN] 11.46
[PER-SHARE-NII] 00.59
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.59
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.53
[EXPENSE-RATIO] 01.05
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 2
[NAME] INCOME PORTFOLIO CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 37,751,136
[INVESTMENTS-AT-VALUE] 38,129,554
[RECEIVABLES] 685,654
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 37,570,457
[TOTAL-ASSETS] 38,256,111
[PAYABLE-FOR-SECURITIES] 459,884
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 65,764
[TOTAL-LIABILITIES] 525,640
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 36,915,806
[SHARES-COMMON-STOCK] 38
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,372,727
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 37,730,463
[DIVIDEND-INCOME] 1,356,405
[INTEREST-INCOME] 16,322
[OTHER-INCOME] 0
[EXPENSES-NET] 172,845
[NET-INVESTMENT-INCOME] 1,199,882
[REALIZED-GAINS-CURRENT] 378,418
[APPREC-INCREASE-CURRENT] 378,418
[NET-CHANGE-FROM-OPS] 2,019,934
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 28
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 36,915,806
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 172,845
[AVERAGE-NET-ASSETS] 215
[PER-SHARE-NAV-BEGIN] 11.55
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] (00.03)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.06
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.53
[EXPENSE-RATIO] 00.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 3
[NAME] CONSERVATIVE PORTFOLIO CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 62,179,344
[INVESTMENTS-AT-VALUE] 63,310,028
[RECEIVABLES] 950,961
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 63,310,154
[TOTAL-ASSETS] 64,260,715
[PAYABLE-FOR-SECURITIES] 1,021,888
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 333,450
[TOTAL-LIABILITIES] 1,355,338
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 60,774,981
[SHARES-COMMON-STOCK] 2,561,867
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,952,915
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 62,905,377
[DIVIDEND-INCOME] 1,920,695
[INTEREST-INCOME] 32,220
[OTHER-INCOME] 0
[EXPENSES-NET] 267,804
[NET-INVESTMENT-INCOME] 1,685,111
[REALIZED-GAINS-CURRENT] 948,951
[APPREC-INCREASE-CURRENT] 1,130,684
[NET-CHANGE-FROM-OPS] 3,764,746
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 832,102
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,705,133
[NUMBER-OF-SHARES-REDEEMED] 213,394
[SHARES-REINVESTED] 70,128
[NET-CHANGE-IN-ASSETS] 60,774,981
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 267,804
[AVERAGE-NET-ASSETS] 15,148,814
[PER-SHARE-NAV-BEGIN] 11.46
[PER-SHARE-NII] 00.48
[PER-SHARE-GAIN-APPREC] 00.71
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.45
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.14
[EXPENSE-RATIO] 00.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 3
[NAME] CONSERVATIVE PORTFOLIO CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 62,179,344
[INVESTMENTS-AT-VALUE] 63,310,028
[RECEIVABLES] 950,961
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 63,310,154
[TOTAL-ASSETS] 64,260,715
[PAYABLE-FOR-SECURITIES] 1,021,888
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 333,450
[TOTAL-LIABILITIES] 1,355,338
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 60,774,981
[SHARES-COMMON-STOCK] 2,380,393
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,952,915
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 62,905,377
[DIVIDEND-INCOME] 1,920,695
[INTEREST-INCOME] 32,220
[OTHER-INCOME] 0
[EXPENSES-NET] 267,804
[NET-INVESTMENT-INCOME] 1,685,111
[REALIZED-GAINS-CURRENT] 948,951
[APPREC-INCREASE-CURRENT] 1,130,684
[NET-CHANGE-FROM-OPS] 3,764,746
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 699,107
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,565,271
[NUMBER-OF-SHARES-REDEEMED] 240,377
[SHARES-REINVESTED] 55,499
[NET-CHANGE-IN-ASSETS] 60,774,981
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 267,804
[AVERAGE-NET-ASSETS] 14,343,062
[PER-SHARE-NAV-BEGIN] 11.46
[PER-SHARE-NII] 00.40
[PER-SHARE-GAIN-APPREC] 00.71
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.37
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.14
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 3
[NAME] CONSERVATIVE PORTFOLIO CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 62,179,344
[INVESTMENTS-AT-VALUE] 63,310,028
[RECEIVABLES] 950,961
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 63,310,154
[TOTAL-ASSETS] 64,260,715
[PAYABLE-FOR-SECURITIES] 1,021,888
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 333,450
[TOTAL-LIABILITIES] 1,355,338
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 60,774,981
[SHARES-COMMON-STOCK] 347,342
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,952,915
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 62,905,377
[DIVIDEND-INCOME] 1,920,695
[INTEREST-INCOME] 32,220
[OTHER-INCOME] 0
[EXPENSES-NET] 267,804
[NET-INVESTMENT-INCOME] 1,685,111
[REALIZED-GAINS-CURRENT] 948,951
[APPREC-INCREASE-CURRENT] 1,130,684
[NET-CHANGE-FROM-OPS] 3,764,746
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,141
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 389,145
[NUMBER-OF-SHARES-REDEEMED] 49,504
[SHARES-REINVESTED] 7,781
[NET-CHANGE-IN-ASSETS] 60,774,981
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 267,804
[AVERAGE-NET-ASSETS] 2,121,077
[PER-SHARE-NAV-BEGIN] 11.46
[PER-SHARE-NII] 00.41
[PER-SHARE-GAIN-APPREC] 00.70
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.37
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.14
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 3
[NAME] CONSERVATIVE PORTFOLIO CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 62,179,344
[INVESTMENTS-AT-VALUE] 63,310,028
[RECEIVABLES] 950,961
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 63,310,154
[TOTAL-ASSETS] 64,260,715
[PAYABLE-FOR-SECURITIES] 1,021,888
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 333,450
[TOTAL-LIABILITIES] 1,355,338
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 60,774,981
[SHARES-COMMON-STOCK] 89
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 1,952,915
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 62,905,377
[DIVIDEND-INCOME] 1,920,695
[INTEREST-INCOME] 32,220
[OTHER-INCOME] 0
[EXPENSES-NET] 267,804
[NET-INVESTMENT-INCOME] 1,685,111
[REALIZED-GAINS-CURRENT] 948,951
[APPREC-INCREASE-CURRENT] 1,130,684
[NET-CHANGE-FROM-OPS] 3,764,746
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 89
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 60,774,981
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 267,804
[AVERAGE-NET-ASSETS] 526
[PER-SHARE-NAV-BEGIN] 11.89
[PER-SHARE-NII] 00.04
[PER-SHARE-GAIN-APPREC] 00.01
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.37
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.13
[EXPENSE-RATIO] 00.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 4
[NAME] GROWTH PORTFOLIO CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 389,223,004
[INVESTMENTS-AT-VALUE] 403,949,050
[RECEIVABLES] 3,949,338
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 123
[TOTAL-ASSETS] 407,898,511
[PAYABLE-FOR-SECURITIES] 3,647,741
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 505,675
[TOTAL-LIABILITIES] 4,153,416
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 382,996,064
[SHARES-COMMON-STOCK] 13,069,698
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 10,498,109
[OVERDISTRIBUTION-NII] 541,947
[ACCUMULATED-NET-GAINS] 3,809,172
[OVERDISTRIBUTION-GAINS] 3,481,038
[ACCUM-APPREC-OR-DEPREC] 16,726,046
[NET-ASSETS] 403,745,095
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 171,500
[OTHER-INCOME] 10,326,609
[EXPENSES-NET] 2,050,254
[NET-INVESTMENT-INCOME] 8,447,855
[REALIZED-GAINS-CURRENT] 3,809,172
[APPREC-INCREASE-CURRENT] 16,726,046
[NET-CHANGE-FROM-OPS] 28,983,073
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,809,252
[DISTRIBUTIONS-OF-GAINS] 130,464
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 13,495,334
[NUMBER-OF-SHARES-REDEEMED] 750,670
[SHARES-REINVESTED] 325,034
[NET-CHANGE-IN-ASSETS] 403,745,095
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 678,365
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,050,254
[AVERAGE-NET-ASSETS] 77,009,711
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.32
[PER-SHARE-GAIN-APPREC] 00.93
[PER-SHARE-DIVIDEND] 00.31
[PER-SHARE-DISTRIBUTIONS] 00.02
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.32
[EXPENSE-RATIO] 00.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 4
[NAME] GROWTH PORTFOLIO CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 389,223,004
[INVESTMENTS-AT-VALUE] 403,949,050
[RECEIVABLES] 3,949,338
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 123
[TOTAL-ASSETS] 407,898,511
[PAYABLE-FOR-SECURITIES] 3,647,741
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 505,675
[TOTAL-LIABILITIES] 4,153,416
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 382,996,064
[SHARES-COMMON-STOCK] 17,154,346
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 10,498,109
[OVERDISTRIBUTION-NII] 541,947
[ACCUMULATED-NET-GAINS] 3,809,172
[OVERDISTRIBUTION-GAINS] 3,481,038
[ACCUM-APPREC-OR-DEPREC] 16,726,046
[NET-ASSETS] 403,745,095
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 171,500
[OTHER-INCOME] 10,326,609
[EXPENSES-NET] 2,050,254
[NET-INVESTMENT-INCOME] 8,447,855
[REALIZED-GAINS-CURRENT] 3,809,172
[APPREC-INCREASE-CURRENT] 16,726,046
[NET-CHANGE-FROM-OPS] 28,983,073
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,556,082
[DISTRIBUTIONS-OF-GAINS] 171,534
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 17,577,354
[NUMBER-OF-SHARES-REDEEMED] 727,849
[SHARES-REINVESTED] 304,841
[NET-CHANGE-IN-ASSETS] 403,745,095
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 678,365
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,050,254
[AVERAGE-NET-ASSETS] 104,070,936
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.23
[PER-SHARE-GAIN-APPREC] 00.94
[PER-SHARE-DIVIDEND] 00.22
[PER-SHARE-DISTRIBUTIONS] 00.02
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.33
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 4
[NAME] GROWTH PORTFOLIO CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 389,223,004
[INVESTMENTS-AT-VALUE] 403,949,050
[RECEIVABLES] 3,949,338
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 123
[TOTAL-ASSETS] 407,898,511
[PAYABLE-FOR-SECURITIES] 3,647,741
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 505,675
[TOTAL-LIABILITIES] 4,153,416
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 382,996,064
[SHARES-COMMON-STOCK] 2,537,474
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 10,498,109
[OVERDISTRIBUTION-NII] 541,947
[ACCUMULATED-NET-GAINS] 3,809,172
[OVERDISTRIBUTION-GAINS] 3,481,038
[ACCUM-APPREC-OR-DEPREC] 16,726,046
[NET-ASSETS] 403,745,095
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 171,500
[OTHER-INCOME] 10,326,609
[EXPENSES-NET] 2,050,254
[NET-INVESTMENT-INCOME] 8,447,855
[REALIZED-GAINS-CURRENT] 3,809,172
[APPREC-INCREASE-CURRENT] 16,726,046
[NET-CHANGE-FROM-OPS] 28,983,073
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 540,574
[DISTRIBUTIONS-OF-GAINS] 26,136
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,610,438
[NUMBER-OF-SHARES-REDEEMED] 118,648
[SHARES-REINVESTED] 45,684
[NET-CHANGE-IN-ASSETS] 403,745,095
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 678,365
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,050,254
[AVERAGE-NET-ASSETS] 16,537,613
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.24
[PER-SHARE-GAIN-APPREC] 00.93
[PER-SHARE-DIVIDEND] 00.22
[PER-SHARE-DISTRIBUTIONS] 00.02
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.33
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 4
[NAME] GROWTH PORTFOLIO CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 389,223,004
[INVESTMENTS-AT-VALUE] 403,949,050
[RECEIVABLES] 3,949,338
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 123
[TOTAL-ASSETS] 407,898,511
[PAYABLE-FOR-SECURITIES] 3,647,741
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 505,675
[TOTAL-LIABILITIES] 4,153,416
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 382,996,064
[SHARES-COMMON-STOCK] 488
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 10,498,109
[OVERDISTRIBUTION-NII] 541,947
[ACCUMULATED-NET-GAINS] 3,809,172
[OVERDISTRIBUTION-GAINS] 3,481,038
[ACCUM-APPREC-OR-DEPREC] 16,726,046
[NET-ASSETS] 403,745,095
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 171,500
[OTHER-INCOME] 10,326,609
[EXPENSES-NET] 2,050,254
[NET-INVESTMENT-INCOME] 8,447,855
[REALIZED-GAINS-CURRENT] 3,809,172
[APPREC-INCREASE-CURRENT] 16,726,046
[NET-CHANGE-FROM-OPS] 28,983,073
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 488
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 403,745,095
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 678,365
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,050,254
[AVERAGE-NET-ASSETS] 3,064
[PER-SHARE-NAV-BEGIN] 12.18
[PER-SHARE-NII] 00.02
[PER-SHARE-GAIN-APPREC] 00.12
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.32
[EXPENSE-RATIO] 00.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 5
[NAME] HIGH GROWTH PORTFOLIO CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 301,499,038
[INVESTMENTS-AT-VALUE] 315,555,587
[RECEIVABLES] 1,644,082
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 315,789,412
[TOTAL-ASSETS] 317,433,494
[PAYABLE-FOR-SECURITIES] 2,292,392
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 486,679
[TOTAL-LIABILITIES] 2,779,071
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 297,959,916
[SHARES-COMMON-STOCK] 12,412,308
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 5,088,115
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 314,654,423
[DIVIDEND-INCOME] 4,934,888
[INTEREST-INCOME] 153,227
[OTHER-INCOME] 0
[EXPENSES-NET] 1,496,232
[NET-INVESTMENT-INCOME] 3,591,883
[REALIZED-GAINS-CURRENT] 3,081,396
[APPREC-INCREASE-CURRENT] 14,056,549
[NET-CHANGE-FROM-OPS] 20,729,828
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,433,284
[DISTRIBUTIONS-OF-GAINS] 260,483
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 13,124,757
[NUMBER-OF-SHARES-REDEEMED] 937,223
[SHARES-REINVESTED] 224,774
[NET-CHANGE-IN-ASSETS] 314,554,423
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,496,232
[AVERAGE-NET-ASSETS] 72,878,740
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.20
[PER-SHARE-GAIN-APPREC] 01.43
[PER-SHARE-DIVIDEND] 00.62
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.41
[EXPENSE-RATIO] 00.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 5
[NAME] HIGH GROWTH PORTFOLIO CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 301,499,038
[INVESTMENTS-AT-VALUE] 315,555,587
[RECEIVABLES] 1,644,082
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 315,789,412
[TOTAL-ASSETS] 317,433,494
[PAYABLE-FOR-SECURITIES] 2,292,392
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 486,679
[TOTAL-LIABILITIES] 2,779,071
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 297,959,916
[SHARES-COMMON-STOCK] 11,377,869
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 5,088,115
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 314,654,423
[DIVIDEND-INCOME] 4,934,888
[INTEREST-INCOME] 153,227
[OTHER-INCOME] 0
[EXPENSES-NET] 1,496,232
[NET-INVESTMENT-INCOME] 3,591,883
[REALIZED-GAINS-CURRENT] 3,081,396
[APPREC-INCREASE-CURRENT] 14,056,549
[NET-CHANGE-FROM-OPS] 20,729,828
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 937,259
[DISTRIBUTIONS-OF-GAINS] 241,142
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 11,836,415
[NUMBER-OF-SHARES-REDEEMED] 556,322
[SHARES-REINVESTED] 97,776
[NET-CHANGE-IN-ASSETS] 314,554,423
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,496,232
[AVERAGE-NET-ASSETS] 69,300,644
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.16
[PER-SHARE-GAIN-APPREC] 01.43
[PER-SHARE-DIVIDEND] 00.58
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.41
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 5
[NAME] HIGH GROWTH PORTFOLIO CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 301,499,038
[INVESTMENTS-AT-VALUE] 315,555,587
[RECEIVABLES] 1,644,082
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 315,789,412
[TOTAL-ASSETS] 317,433,494
[PAYABLE-FOR-SECURITIES] 2,292,392
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 486,679
[TOTAL-LIABILITIES] 2,779,071
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 297,959,916
[SHARES-COMMON-STOCK] 1,557,244
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 5,088,115
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 314,654,423
[DIVIDEND-INCOME] 4,934,888
[INTEREST-INCOME] 153,227
[OTHER-INCOME] 0
[EXPENSES-NET] 1,496,232
[NET-INVESTMENT-INCOME] 3,591,883
[REALIZED-GAINS-CURRENT] 3,081,396
[APPREC-INCREASE-CURRENT] 14,056,549
[NET-CHANGE-FROM-OPS] 20,729,828
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 129,394
[DISTRIBUTIONS-OF-GAINS] 33,759
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,654,072
[NUMBER-OF-SHARES-REDEEMED] 110,317
[SHARES-REINVESTED] 13,489
[NET-CHANGE-IN-ASSETS] 314,554,423
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,496,232
[AVERAGE-NET-ASSETS] 9,754,277
[PER-SHARE-NAV-BEGIN] 11.40
[PER-SHARE-NII] 00.16
[PER-SHARE-GAIN-APPREC] 01.44
[PER-SHARE-DIVIDEND] 00.58
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.42
[EXPENSE-RATIO] 01.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
[NUMBER] 5
[NAME] HIGH GROWTH PORTFOLIO CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 301,499,038
[INVESTMENTS-AT-VALUE] 315,555,587
[RECEIVABLES] 1,644,082
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 315,789,412
[TOTAL-ASSETS] 317,433,494
[PAYABLE-FOR-SECURITIES] 2,292,392
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 486,679
[TOTAL-LIABILITIES] 2,779,071
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 297,959,916
[SHARES-COMMON-STOCK] 340
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 5,088,115
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 314,654,423
[DIVIDEND-INCOME] 4,934,888
[INTEREST-INCOME] 153,227
[OTHER-INCOME] 0
[EXPENSES-NET] 1,496,232
[NET-INVESTMENT-INCOME] 3,591,883
[REALIZED-GAINS-CURRENT] 3,081,396
[APPREC-INCREASE-CURRENT] 14,056,549
[NET-CHANGE-FROM-OPS] 20,729,828
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 340
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 314,554,423
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,496,232
[AVERAGE-NET-ASSETS] 19
[PER-SHARE-NAV-BEGIN] 12.24
[PER-SHARE-NII] 00.01
[PER-SHARE-GAIN-APPREC] 00.16
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.41
[EXPENSE-RATIO] 00.35
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
