<PAGE> PAGE 1
000 B000000 08/31/1999
000 C000000 277585
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<PAGE> PAGE 2
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SIGNATURE ANTHONY PACE
TITLE CONTROLLER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000277585
<NAME> SALOMON BROTHERS OPPORTUNITY FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 73,553,263
<INVESTMENTS-AT-VALUE> 188,713,177
<RECEIVABLES> 278,272
<ASSETS-OTHER> 2,220
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 188,993,669
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 250,149
<TOTAL-LIABILITIES> 250,149
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,636,459
<SHARES-COMMON-STOCK> 3,798,376
<SHARES-COMMON-PRIOR> 3,742,735
<ACCUMULATED-NII-CURRENT> 2,152,450
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,794,697
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 115,159,914
<NET-ASSETS> 188,743,520
<DIVIDEND-INCOME> 3,294,147
<INTEREST-INCOME> 1,876,328
<OTHER-INCOME> 0
<EXPENSES-NET> 2,186,159
<NET-INVESTMENT-INCOME> 2,984,316
<REALIZED-GAINS-CURRENT> 12,237,894
<APPREC-INCREASE-CURRENT> 13,762,924
<NET-CHANGE-FROM-OPS> 28,985,134
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,859,719
<DISTRIBUTIONS-OF-GAINS> 18,345,689
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 50,822
<NUMBER-OF-SHARES-REDEEMED> 329,146
<SHARES-REINVESTED> 333,965
<NET-CHANGE-IN-ASSETS> 11,474,374
<ACCUMULATED-NII-PRIOR> 1,027,853
<ACCUMULATED-GAINS-PRIOR> 14,902,492
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,186,159
<AVERAGE-NET-ASSETS> 192,170,658
<PER-SHARE-NAV-BEGIN> 47.36
<PER-SHARE-NII> 00.76
<PER-SHARE-GAIN-APPREC> 06.98
<PER-SHARE-DIVIDEND> 00.47
<PER-SHARE-DISTRIBUTIONS> 04.94
<RETURNS-OF-CAPITAL> 0
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<EXPENSE-RATIO> 01.14
</TABLE>
Report of Independent Accountants
To the Shareholders and Board of Directors of
Salomon Brothers Opportunity Fund Inc
In planning and performing our audit of the financial
statements of the Salomon Brothers Opportunity Fund Inc,
(hereafter referred to as the "Fund") for the year ended
August 31, 1999 we considered its internal control, including
control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented in
conformity with generally accepted accounting principles.
Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
fraud may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American
Institute of Certified Public Accountants. A material weakness
is a condition in which the design or operation of one or more
of the internal control components does not reduce to a
relatively low level the risk that misstatements caused by
error or fraud in amounts that would be material in relation to
the financial statements being audited may occur and not be
detected within a timely period by employees in the normal
course of performing their assigned functions. However, we
noted no matters involving internal control and its operation,
including controls for safeguarding securities, that we
consider to be material weaknesses as defined above as of
August 31, 1999.
This report is intended solely for the information and use of
management and the Board of Directors of the Fund and the
Securities and Exchange Commission.
October 15, 1999
To the Shareholders and Board of Directors of
Salomon Brothers Opportunity Fund Inc
(2)
