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THE INFORMATION IN THIS PROSPECTUS SUPPLEMENT IS NOT COMPLETE AND MAY BE
CHANGED. A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED
WITH THE SECURITIES AND EXCHANGE COMMISSION AND DECLARED EFFECTIVE. THIS
PROSPECTUS SUPPLEMENT IS NOT AN OFFER TO SELL THESE SECURITIES AND IT IS NOT
SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE
IS NOT PERMITTED.
PROSPECTUS SUPPLEMENT SAFETY FIRST(SM) INVESTMENTS
(To Prospectus Dated December 1, 1997)
Safety of Principal, Opportunity for Growth
SALOMON SMITH BARNEY HOLDINGS INC.
WORLD INDEX ALLOCATION SERIES 1998
Six Principal-Protected Equity Linked Notes
each based upon one of six international equity indexes:
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<S> <C>
S&P 500(R) Index Nikkei 225 Index
Russell 2000(R) Index Latin 15(TM) Index
FTSE Eurotop 100 Index Asia Tiger 100(TM) Index
</TABLE>
This booklet contains preliminary Prospectus Supplements and an
accompanying Prospectus that describe each of the six separate
Principal-Protected Equity Linked Notes included in Salomon Smith Barney
Holdings Inc.'s World Index Allocation Series 1998. You may purchase one, some
or all of the six Notes described herein, each of which is based upon one of the
indexes listed above and each of which is a separate security.
This preliminary Prospectus Supplement regarding the separate Notes
included in the World Index Allocation Series 1998 is only to be used together
with the six preliminary Prospectus Supplements for the Notes dated September
10, 1998 and the related Prospectus dated December 1, 1997.
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Salomon Smith Barney is a service mark of Solomon Smith Barney Inc.
