<PAGE> PAGE 1
000 B000000 02/28/97
000 C000000 319460
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SMITH BARNEY MANAGED MUNICIPALS FUND INC
001 B000000 811-3097
001 C000000 2128166550
002 A000000 388 GREENWICH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10013
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
015 A000001 PNC BANK
015 B000001 C
015 C010001 PHILADEPHIA
015 C020001 PA
015 C030001 19103
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 127
019 C000000 BARNEY0000
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020 C000007 0
020 C000008 0
020 C000009 0
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021 000000 0
022 A000001 MORGAN STANLEY
022 B000001 13-2655998
022 C000001 962512
022 D000001 1047954
022 A000002 MORGAN GUARANTY
022 B000002 N/A
022 C000002 635953
022 D000002 363774
<PAGE> PAGE 2
022 A000003 PAINE WEBBER
022 B000003 13-2638166
022 C000003 547422
022 D000003 433162
022 A000004 CROSS TRADES-VARIOUS FUNDS
022 B000004 N/A
022 C000004 465265
022 D000004 356380
022 A000005 LEHMAN BROTHERS
022 B000005 13-2518466
022 C000005 479014
022 D000005 187913
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006 355538
022 D000006 163914
022 A000007 BEAR STEARNS
022 B000007 13-3299429
022 C000007 211000
022 D000007 148506
022 A000008 WILLIAM E. SIMON
022 B000008 22-3017217
022 C000008 90868
022 D000008 260780
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009 195326
022 D000009 150565
022 A000010 BELLE HAVEN INVESTMENT, L.P.
022 B000010 N/A
022 C000010 58421
022 D000010 172395
023 C000000 4001319
023 D000000 3285343
024 000000 N
027 000000 Y
028 A010000 40327
028 A020000 8006
028 A030000 0
028 A040000 24168
028 B010000 45548
028 B020000 8059
028 B030000 0
028 B040000 35444
028 C010000 40507
028 C020000 56731
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028 D020000 8336
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<PAGE> PAGE 3
028 D040000 41682
028 E010000 77001
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028 E040000 35553
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029 000000 Y
030 A000000 3800
030 B000000 4.00
030 C000000 0.00
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035 000000 1238
036 A000000 Y
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043 000000 8484
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.000
048 A010000 500000
048 A020000 0.550
048 B010000 1000000
048 B020000 0.500
048 C010000 1500000
048 C020000 0.450
<PAGE> PAGE 4
048 D010000 0
048 D020000 0.000
048 E010000 0
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048 I010000 0
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048 K020000 0.000
055 A000000 N
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056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
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062 N000000 0.0
062 O000000 96.0
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062 Q000000 0.0
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<PAGE> PAGE 5
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 N
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 Y
070 I020000 Y
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
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070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
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070 R020000 N
071 A000000 3511216
071 B000000 2822387
071 C000000 2744905
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<PAGE> PAGE 6
072 J000000 111
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072DD010000 110934
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072EE000000 67618
073 A010000 0.9100
073 A020000 2.6000
073 B000000 0.3800
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074 A000000 106
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074 J000000 1025
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<PAGE> PAGE 7
074 U010000 128150
074 U020000 63017
074 V010000 15.61
074 V020000 15.60
074 W000000 0.0000
074 X000000 59661
074 Y000000 192607
075 A000000 0
075 B000000 2783427
076 000000 0.00
077 A000000 Y
077 O000000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE
080 C000000 78275
081 A000000 Y
081 B000000 127
082 A000000 N
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085 A000000 Y
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000319460
[NAME] SMITH BARNEY MANAGED MUNICIPALS FUND INC. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] FEB-28-1997
[PERIOD-END] FEB-28-1997
[INVESTMENTS-AT-COST] 3,048,635,582
[INVESTMENTS-AT-VALUE] 3,073,204,734
[RECEIVABLES] 57,797,838
[ASSETS-OTHER] 106,317
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,131,108,889
[PAYABLE-FOR-SECURITIES] 139,883,711
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,708,476
[TOTAL-LIABILITIES] 147,592,187
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,932,744,627
[SHARES-COMMON-STOCK] 128,150,139
[SHARES-COMMON-PRIOR] 116,792,173
[ACCUMULATED-NII-CURRENT] 5,591,152
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,839,387
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 24,523,840
[NET-ASSETS] 2,983,516,702
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 174,689,983
[OTHER-INCOME] 0
[EXPENSES-NET] 23,297,686
[NET-INVESTMENT-INCOME] 151,392,297
[REALIZED-GAINS-CURRENT] 95,197,754
[APPREC-INCREASE-CURRENT] (124,536,241)
[NET-CHANGE-FROM-OPS] 122,053,810
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 110,933,574
[DISTRIBUTIONS-OF-GAINS] 45,991,100
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 21,634,495
[NUMBER-OF-SHARES-REDEEMED] 16,525,197
[SHARES-REINVESTED] 6,248,668
[NET-CHANGE-IN-ASSETS] 315,404,576
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 4,259,719
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,518,184
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 23,297,686
[AVERAGE-NET-ASSETS] 1,916,887,785
[PER-SHARE-NAV-BEGIN] 16.20
[PER-SHARE-NII] 00.88
[PER-SHARE-GAIN-APPREC] (0.18)
[PER-SHARE-DIVIDEND] 00.91
[PER-SHARE-DISTRIBUTIONS] 00.38
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.61
[EXPENSE-RATIO] 00.68
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000319460
[NAME] SMITH BARNEY MANAGED MUNICIPALS FUND INC. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] FEB-28-1997
[PERIOD-END] FEB-28-1997
[INVESTMENTS-AT-COST] 3,048,635,582
[INVESTMENTS-AT-VALUE] 3,073,204,734
[RECEIVABLES] 57,797,838
[ASSETS-OTHER] 106,317
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,131,108,889
[PAYABLE-FOR-SECURITIES] 139,883,711
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,708,476
[TOTAL-LIABILITIES] 147,592,187
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,932,744,627
[SHARES-COMMON-STOCK] 58,019,654
[SHARES-COMMON-PRIOR] 45,053,250
[ACCUMULATED-NII-CURRENT] 5,591,152
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,839,387
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 24,523,840
[NET-ASSETS] 2,983,516,702
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 174,689,983
[OTHER-INCOME] 0
[EXPENSES-NET] 23,297,686
[NET-INVESTMENT-INCOME] 151,392,297
[REALIZED-GAINS-CURRENT] 95,197,754
[APPREC-INCREASE-CURRENT] (124,536,241)
[NET-CHANGE-FROM-OPS] 122,053,810
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 42,914,716
[DISTRIBUTIONS-OF-GAINS] 20,077,974
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 15,844,694
[NUMBER-OF-SHARES-REDEEMED] 5,546,150
[SHARES-REINVESTED] 2,667,860
[NET-CHANGE-IN-ASSETS] 315,404,576
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 4,259,719
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,518,184
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 23,297,686
[AVERAGE-NET-ASSETS] 808,470,399
[PER-SHARE-NAV-BEGIN] 16.20
[PER-SHARE-NII] 00.79
[PER-SHARE-GAIN-APPREC] (0.18)
[PER-SHARE-DIVIDEND] 00.83
[PER-SHARE-DISTRIBUTIONS] 00.38
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.60
[EXPENSE-RATIO] 01.19
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000319460
[NAME] SMITH BARNEY MANAGED MUNICIPALS FUND INC. CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] FEB-28-1997
[PERIOD-END] FEB-28-1997
[INVESTMENTS-AT-COST] 3,048,635,582
[INVESTMENTS-AT-VALUE] 3,073,204,734
[RECEIVABLES] 57,797,838
[ASSETS-OTHER] 106,317
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,131,108,889
[PAYABLE-FOR-SECURITIES] 139,883,711
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,708,476
[TOTAL-LIABILITIES] 147,592,187
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,932,744,627
[SHARES-COMMON-STOCK] 4,654,075
[SHARES-COMMON-PRIOR] 2,062,794
[ACCUMULATED-NII-CURRENT] 5,591,152
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,839,387
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 24,523,840
[NET-ASSETS] 2,983,516,702
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 174,689,983
[OTHER-INCOME] 0
[EXPENSES-NET] 23,297,686
[NET-INVESTMENT-INCOME] 151,392,297
[REALIZED-GAINS-CURRENT] 95,197,754
[APPREC-INCREASE-CURRENT] (124,536,241)
[NET-CHANGE-FROM-OPS] 122,053,810
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,783,586
[DISTRIBUTIONS-OF-GAINS] 1,425,318
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,427,266
[NUMBER-OF-SHARES-REDEEMED] 1,039,835
[SHARES-REINVESTED] 203,850
[NET-CHANGE-IN-ASSETS] 315,404,576
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 4,259,719
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,518,184
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 23,297,686
[AVERAGE-NET-ASSETS] 51,979,060
[PER-SHARE-NAV-BEGIN] 16.20
[PER-SHARE-NII] 00.79
[PER-SHARE-GAIN-APPREC] (0.18)
[PER-SHARE-DIVIDEND] 00.83
[PER-SHARE-DISTRIBUTIONS] 00.38
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.60
[EXPENSE-RATIO] 01.24
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000319460
[NAME] SMITH BARNEY MANAGED MUNICIPALS FUND INC. CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] FEB-28-1997
[PERIOD-END] FEB-28-1997
[INVESTMENTS-AT-COST] 3,048,635,582
[INVESTMENTS-AT-VALUE] 3,073,204,734
[RECEIVABLES] 57,797,838
[ASSETS-OTHER] 106,317
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,131,108,889
[PAYABLE-FOR-SECURITIES] 139,883,711
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,708,476
[TOTAL-LIABILITIES] 147,592,187
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,932,744,627
[SHARES-COMMON-STOCK] 342,908
[SHARES-COMMON-PRIOR] 760,136
[ACCUMULATED-NII-CURRENT] 5,591,152
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,839,387
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 24,523,840
[NET-ASSETS] 2,983,516,702
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 174,689,983
[OTHER-INCOME] 0
[EXPENSES-NET] 23,297,686
[NET-INVESTMENT-INCOME] 151,392,297
[REALIZED-GAINS-CURRENT] 95,197,754
[APPREC-INCREASE-CURRENT] (124,536,241)
[NET-CHANGE-FROM-OPS] 122,053,810
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 351,573
[DISTRIBUTIONS-OF-GAINS] 123,694
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 320,308
[NUMBER-OF-SHARES-REDEEMED] 766,895
[SHARES-REINVESTED] 29,359
[NET-CHANGE-IN-ASSETS] 315,404,576
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 4,259,719
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,518,184
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 23,297,686
[AVERAGE-NET-ASSETS] 6,089,881
[PER-SHARE-NAV-BEGIN] 16.20
[PER-SHARE-NII] 00.90
[PER-SHARE-GAIN-APPREC] (0.18)
[PER-SHARE-DIVIDEND] 00.94
[PER-SHARE-DISTRIBUTIONS] 00.38
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.60
[EXPENSE-RATIO] 00.52
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
SMITH BARNEY MANAGED MUNICIPALS FUND
10f-3 REPORT
FUND YEAR ENDED, FEBRUARY 28,1997
% of
Trade Par Purchase Fund %
of
Issuer Date Selling Dealer Amount Price
Assets Issue
New York City G.O. 3/6/96 J.P. Morgan $15,000,000 $98.798
0.55% 3.41%
5.75% due 3/15/07
NYS Drom Authority 3/11/96 Bear Stearns 2,000,000 93.599
0.07 0.62
5.125% due 8/15/21
NYS Health Facilities 3/21/96 J.P. Morgan 6,500,000 99.517
0.25 3.62
5.875% due 5/1/04
Brevard, FL 3/22/96 William R. Hough 1,625,000 94.250
0.06 2.70
5.50% due 7/1/16
Connecticut State G.O. 4/19/96 Morgan Stanley 5,000,000 99.186
0.19 3.46
5.625% due 5/15/13
First Florida Gov't Fin. 5/9/96 William R. Hough 1,000,000 98.238
0.04 3.28
5.75% due 7/1/16
NY City Water Fin 5/9/96 Lehman Brothers 20,150,000
93.892 0.73 4.00
5.75% due 6/15/26
Wisconsin Public
Power Auth. 5/9/96 Morgan Stanley 1,500,000 94.121
0.05 3.69
5.75% due 7/1/23
New York MTA 5/13/96 Bear Stearns 6,750,000 98.366
0.25 2.05
6.10% due 7/1/26 Lehman Brothers
Cambridge Partners
William E. Simon & Sons
Paine Webber
Dillon Read
Prudential Bache
Merrill Lynch
Washington Public Power 9/12/96 Goldman Sachs& Co. 5,000,000 99.096
0.18 1.03
5.70% due 7/1/09
Georgia Muni
Electric Auth. 9/18/96 J.P. Morgan 1,500,000 97.206
0.05 1.05
5.375% due 1/1/12
Illinois Metropolitan Pier. 9/19/96 Morgan Stanley 550,000
90.824 0.02 0.11
5.25% due 6/15/27 First Chicago
NYC Water & Sewer Rev 10/19/96 Paine Webber 5,000,000 94.000
0.16 3.83
5.375% due 6/15/26
City of Chicago Midway 11/1/96 Morgan Guaranty 2,000,000 94.669
0.07 3.86
5.50% due 1/1/29
Met Water Dist.
California 11/27/96 Paine Webber 5,250,000 92.500
0.17 3.97
5.00% due 7/1/27
Rhode Island
Health & Ed. 12/16/96 Bear Stearns 5,000,000 91.299
0.16 2.80
5.25% due 5/15/2026
Anaheim Pub. Fin. Auth 2/6/97 Paine Webber 5,500,000 87.60
0.16 2.55
5.00% due 3/1/37 Morgan Stanley
