<PAGE> PAGE 1
000 A000000 08/31/98
000 C000000 319460
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 MUTUAL MANAGEMENT CORP.
008 B000001 A
008 C000001 801-3389
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10013
010 A000001 MUTUAL MANAGEMENT CORP.
010 B000001 801-14437
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10013
011 A000001 SMITH BARNEY
011 B000001 8-81777
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10013
012 A000001 FIRST DATA INVESTOR SERVICES GROUP
012 B000001 84-0000000
012 C010001 BOSTON
<PAGE> PAGE 2
012 C020001 MA
012 C030001 02104
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
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 147
019 C000000 BARNEY0000
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 MORGAN STANLEY
022 B000001 13-2655998
022 C000001 454556
022 D000001 404897
022 A000002 CHASE SECURITIES
022 B000002 13-3112953
022 C000002 580500
022 D000002 0
022 A000003 PEINE WEBBER
022 B000003 13-2638166
022 C000003 258182
022 D000003 262873
022 A000004 CITIBANK
022 B000004 13-5266470
022 C000004 302550
022 D000004 200500
022 A000005 BEAR STEARNS
022 B000005 13-3299429
022 C000005 141293
022 D000005 86503
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006 110132
022 D000006 74989
<PAGE> PAGE 3
022 A000007 MORGAN GUARANTY
022 B000007 N/A
022 C000007 82999
022 D000007 93030
022 A000008 LEHMAN BROTHERS
022 B000008 13-2518466
022 C000008 102979
022 D000008 49346
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
022 C000009 49503
022 D000009 68748
022 A000010 SAMUEL A. RAMIREZ
022 B000010 N/A
022 C000010 29374
022 D000010 49551
023 C000000 2112068
023 D000000 1290437
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 Y
028 A010000 73864
028 A020000 8946
028 A030000 0
028 A040000 39483
028 B010000 66821
028 B020000 8977
028 B030000 0
028 B040000 43163
028 C010000 75808
028 C020000 8999
028 C030000 0
028 C040000 50851
028 D010000 53343
028 D020000 9039
028 D030000 0
028 D040000 42315
028 E010000 53251
028 E020000 9089
028 E030000 0
028 E040000 36621
028 F010000 47207
028 F020000 8717
028 F030000 0
<PAGE> PAGE 4
028 F040000 28870
028 G010000 370294
028 G020000 53767
028 G030000 0
028 G040000 241303
028 H000000 255005
029 000000 Y
030 A000000 2581
030 B000000 4.00
030 C000000 0.00
031 A000000 2581
031 B000000 0
032 000000 0
033 000000 0
034 000000 Y
035 000000 787
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 6102
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 1500000
048 B020000 0.500
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
<PAGE> PAGE 5
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 1500000
048 K020000 0.450
055 A000000 N
055 B000000 N
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
062 E000000 1.8
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.2
062 M000000 0.0
062 N000000 0.0
062 O000000 98.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 19.8
064 A000000 Y
064 B000000 Y
065 000000 N
066 A000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
<PAGE> PAGE 6
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 Y
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 N
070 J020000 N
070 K010000 N
070 K020000 N
070 L010000 N
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 1166284
071 B000000 861851
071 C000000 3710174
071 D000000 24
072 A000000 6
072 B000000 100025
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 5755
072 G000000 3210
072 H000000 0
072 I000000 501
072 J000000 78
072 K000000 0
072 L000000 0
072 M000000 28
072 N000000 162
072 O000000 0
072 P000000 0
072 Q000000 0
<PAGE> PAGE 7
072 R000000 28
072 S000000 18
072 T000000 6102
072 U000000 0
072 V000000 89
072 W000000 60
072 X000000 16033
072 Y000000 0
072 Z000000 83992
072AA000000 5865
072BB000000 0
072CC010000 6563
072CC020000 0
072DD010000 60482
072DD020000 25869
072EE000000 0
073 A010000 0.4100
073 A020000 0.3600
073 B000000 0.0000
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 69865
074 D000000 3742171
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 22233
074 K000000 0
074 L000000 4982
074 M000000 49357
074 N000000 3888608
074 O000000 65021
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 4033
074 S000000 0
074 T000000 3819554
074 U010000 151655
074 U020000 72418
074 V010000 16.22
074 V020000 16.21
074 W000000 0.0000
074 X000000 63312
074 Y000000 683127
075 A000000 0
<PAGE> PAGE 8
075 B000000 3593655
076 000000 0.00
077 A000000 N
078 000000 N
080 A000000 ICI MUTUAL INSURANCE
080 C000000 105000
081 A000000 Y
081 B000000 147
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE PAUL BROOK
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000319460
[NAME] SMITH BARNEY MANAGED MUNICIPALS FUND INC. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] FEB-28-1999
[PERIOD-END] AUG-31-1998
[INVESTMENTS-AT-COST] 3,639,151,668
[INVESTMENTS-AT-VALUE] 3,812,035,708
[RECEIVABLES] 76,572,178
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,888,607,886
[PAYABLE-FOR-SECURITIES] 65,020,985
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,032,750
[TOTAL-LIABILITIES] 69,053,735
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,640,951,481
[SHARES-COMMON-STOCK] 151,654,965
[SHARES-COMMON-PRIOR] 146,163,867
[ACCUMULATED-NII-CURRENT] (11,958,457)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,680,987
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 158,880,140
[NET-ASSETS] 3,819,554,151
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 100,025,354
[OTHER-INCOME] 0
[EXPENSES-NET] 16,033,373
[NET-INVESTMENT-INCOME] 83,991,981
[REALIZED-GAINS-CURRENT] 5,864,537
[APPREC-INCREASE-CURRENT] 6,562,501
[NET-CHANGE-FROM-OPS] 96,419,019
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 60,482,519
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 207,950,392
[NUMBER-OF-SHARES-REDEEMED] 155,952,399
[SHARES-REINVESTED] 35,648,492
[NET-CHANGE-IN-ASSETS] 96,419,019
[ACCUMULATED-NII-PRIOR] (5,846,251)
[ACCUMULATED-GAINS-PRIOR] 25,816,450
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,965,564
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 16,033,373
[AVERAGE-NET-ASSETS] 2,403,139,363
[PER-SHARE-NAV-BEGIN] 16.19
[PER-SHARE-NII] 00.38
[PER-SHARE-GAIN-APPREC] 00.06
[PER-SHARE-DIVIDEND] 00.41
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.22
[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] 6-MOS
[FISCAL-YEAR-END] FEB-28-1999
[PERIOD-END] AUG-31-1998
[INVESTMENTS-AT-COST] 3,639,151,668
[INVESTMENTS-AT-VALUE] 3,812,035,708
[RECEIVABLES] 76,572,178
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,888,607,886
[PAYABLE-FOR-SECURITIES] 65,020,985
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,032,750
[TOTAL-LIABILITIES] 69,053,735
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,640,951,481
[SHARES-COMMON-STOCK] 72,418,413
[SHARES-COMMON-PRIOR] 69,491,736
[ACCUMULATED-NII-CURRENT] (11,958,457)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,680,987
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 158,880,140
[NET-ASSETS] 3,819,554,151
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 100,025,354
[OTHER-INCOME] 0
[EXPENSES-NET] 16,033,373
[NET-INVESTMENT-INCOME] 83,991,981
[REALIZED-GAINS-CURRENT] 5,864,537
[APPREC-INCREASE-CURRENT] 6,562,501
[NET-CHANGE-FROM-OPS] 96,419,019
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 25,869,288
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 102,820,012
[NUMBER-OF-SHARES-REDEEMED] 70,693,971
[SHARES-REINVESTED] 15,639,575
[NET-CHANGE-IN-ASSETS] 96,419,019
[ACCUMULATED-NII-PRIOR] (5,846,251)
[ACCUMULATED-GAINS-PRIOR] 25,816,450
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,965,564
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 16,033,373
[AVERAGE-NET-ASSETS] 1,144,251,592
[PER-SHARE-NAV-BEGIN] 16.19
[PER-SHARE-NII] 00.34
[PER-SHARE-GAIN-APPREC] 00.04
[PER-SHARE-DIVIDEND] 00.36
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.21
[EXPENSE-RATIO] 01.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000319460
[NAME] SMITH BARNEY MANAGED MUNICIPALS FUND INC. CLASS L
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] FEB-28-1999
[PERIOD-END] AUG-31-1998
[INVESTMENTS-AT-COST] 3,639,151,668
[INVESTMENTS-AT-VALUE] 3,812,035,708
[RECEIVABLES] 76,572,178
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,888,607,886
[PAYABLE-FOR-SECURITIES] 65,020,985
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,032,750
[TOTAL-LIABILITIES] 69,053,735
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,640,951,481
[SHARES-COMMON-STOCK] 9,991,381
[SHARES-COMMON-PRIOR] 7,833,894
[ACCUMULATED-NII-CURRENT] (11,958,457)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,680,987
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 158,880,140
[NET-ASSETS] 3,819,554,151
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 100,025,354
[OTHER-INCOME] 0
[EXPENSES-NET] 16,033,373
[NET-INVESTMENT-INCOME] 83,991,981
[REALIZED-GAINS-CURRENT] 5,864,537
[APPREC-INCREASE-CURRENT] 6,562,501
[NET-CHANGE-FROM-OPS] 96,419,019
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,229,848
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 47,055,251
[NUMBER-OF-SHARES-REDEEMED] 14,251,700
[SHARES-REINVESTED] 2,315,744
[NET-CHANGE-IN-ASSETS] 96,419,019
[ACCUMULATED-NII-PRIOR] (5,846,251)
[ACCUMULATED-GAINS-PRIOR] 25,816,450
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,965,564
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 16,033,373
[AVERAGE-NET-ASSETS] 143,292,169
[PER-SHARE-NAV-BEGIN] 16.18
[PER-SHARE-NII] 00.34
[PER-SHARE-GAIN-APPREC] 00.04
[PER-SHARE-DIVIDEND] 00.36
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.20
[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] 6-MOS
[FISCAL-YEAR-END] FEB-28-1999
[PERIOD-END] AUG-31-1998
[INVESTMENTS-AT-COST] 3,639,151,668
[INVESTMENTS-AT-VALUE] 3,812,035,708
[RECEIVABLES] 76,572,178
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,888,607,886
[PAYABLE-FOR-SECURITIES] 65,020,985
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,032,750
[TOTAL-LIABILITIES] 69,053,735
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,640,951,481
[SHARES-COMMON-STOCK] 1,502,532
[SHARES-COMMON-PRIOR] 734,546
[ACCUMULATED-NII-CURRENT] (11,958,457)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 31,680,987
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 158,880,140
[NET-ASSETS] 3,819,554,151
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 100,025,354
[OTHER-INCOME] 0
[EXPENSES-NET] 16,033,373
[NET-INVESTMENT-INCOME] 83,991,981
[REALIZED-GAINS-CURRENT] 5,864,537
[APPREC-INCREASE-CURRENT] 6,562,501
[NET-CHANGE-FROM-OPS] 96,419,019
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 522,532
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 12,468,726
[NUMBER-OF-SHARES-REDEEMED] 404,788
[SHARES-REINVESTED] 162,737
[NET-CHANGE-IN-ASSETS] 96,419,019
[ACCUMULATED-NII-PRIOR] (5,846,251)
[ACCUMULATED-GAINS-PRIOR] 25,816,450
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,965,564
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 16,033,373
[AVERAGE-NET-ASSETS] 19,491,066
[PER-SHARE-NAV-BEGIN] 16.19
[PER-SHARE-NII] 00.37
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 00.42
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.21
[EXPENSE-RATIO] 00.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>