Independent Auditors' Consent
To the Shareholders and Board of Directors of the
Smith Barney Managed Municipals Fund Inc.:
We consent to the incorporation by reference, in this
Prospectus and Statement of Additional Information, of
our report dated April 13, 2000, on the statement of
assets and liabilities for the Smith Barney Managed
Municipals Fund Inc. as of February 29, 2000, and the
related statement of operations for the year then
ended, the statements of changes in net assets for
each of the years in the two-year period then ended
and the financial highlights for each of the years in
the five-year period then ended. These financial
statements and financial highlights and our report
thereon are included in the Annual Report of the Fund
as filed on Form N-30D.
We also consent to the references to our firm under
the headings "Financial Highlights" in the Prospectus
and "Auditors" in the Statement of Additional
Information.
KPMG LLP
New York, New York
June 22, 2000
