SMITH BARNEY MANAGED MUNICIPALS FUND INC
N-14AE, EX-99.14B, 2000-07-17
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CONSENT OF INDEPENDENT AUDITORS





We consent to the reference to our firm under the captions
"Synopsis" and "Representations and Warranties"  and to the use of
our report dated December 15, 1999, with respect to Municipal Bond
Fund, a series of Concert Investment Series, which is incorporated
by reference, in this Registration Statement on Form N-14 of Smith
Barney Managed Municipals Fund Inc.




/S/ERNST & YOUNG LLP
ERNST & YOUNG LLP


New York, New York
July 14, 2000





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