SMITH BARNEY SHEARSON FUNDAMENTAL VALUE FUND INC
NSAR-B, 1996-02-01
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000 B000000 09/30/95
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001 A000000 SMITH BARNEY FUNDAMENTAL VALUE FUND INC
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SIGNATURE   THOMAS M. REYNOLDS                           
TITLE       CONTROLLER          
 


[ARTICLE] 6
[CIK] 0000351934
[NAME] SMITH BARNEY FUNDAMENTAL VALUE FUND INC.-CLASS A
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          SEP-30-1995
[PERIOD-END]                               SEP-30-1995
[INVESTMENTS-AT-COST]                      827,515,523
[INVESTMENTS-AT-VALUE]                     949,313,027
[RECEIVABLES]                               11,866,949
[ASSETS-OTHER]                                     873
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             961,180,844
[PAYABLE-FOR-SECURITIES]                    10,000,000
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,311,749
[TOTAL-LIABILITIES]                         14,311,749
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   781,772,017
[SHARES-COMMON-STOCK]                       44,574,043
[SHARES-COMMON-PRIOR]                       32,284,892
[ACCUMULATED-NII-CURRENT]                   11,394,177
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     29,644,168
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   124,058,138
[NET-ASSETS]                               946,869,100
[DIVIDEND-INCOME]                           15,217,964
[INTEREST-INCOME]                           11,421,946
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              13,389,838
[NET-INVESTMENT-INCOME]                     13,250,072
[REALIZED-GAINS-CURRENT]                    30,805,367
[APPREC-INCREASE-CURRENT]                  103,644,618
[NET-CHANGE-FROM-OPS]                      147,700,057
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    4,134,821
[DISTRIBUTIONS-OF-GAINS]                    26,306,579
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     15,354,854
[NUMBER-OF-SHARES-REDEEMED]                  7,371,514
[SHARES-REINVESTED]                          4,305,816
[NET-CHANGE-IN-ASSETS]                     319,197,950
[ACCUMULATED-NII-PRIOR]                      5,795,416
[ACCUMULATED-GAINS-PRIOR]                   62,617,181
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,135,113
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             13,389,838
[AVERAGE-NET-ASSETS]                       386,130,347
[PER-SHARE-NAV-BEGIN]                             8.20
[PER-SHARE-NII]                                    .17
[PER-SHARE-GAIN-APPREC]                           1.23
[PER-SHARE-DIVIDEND]                             (.13)
[PER-SHARE-DISTRIBUTIONS]                        (.81)
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.66
[EXPENSE-RATIO]                                   1.34
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>

[ARTICLE] 6
[CIK] 0000351934
[NAME] SMITH BARNEY FUNDAMENTAL VALUE FUND INC.-CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          SEP-30-1995
[PERIOD-END]                               SEP-30-1995
[INVESTMENTS-AT-COST]                      827,515,523
[INVESTMENTS-AT-VALUE]                     949,313,027
[RECEIVABLES]                               11,866,949
[ASSETS-OTHER]                                     873
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             961,180,849
[PAYABLE-FOR-SECURITIES]                    10,000,000
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,311,749
[TOTAL-LIABILITIES]                         14,311,749
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   781,772,617
[SHARES-COMMON-STOCK]                       62,452,558
[SHARES-COMMON-PRIOR]                       44,263,976
[ACCUMULATED-NII-CURRENT]                   11,394,177
[OVERDISTRIBUTION-NII]                    029,,644,168
[ACCUMULATED-NET-GAINS]                     29,644,168
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   124,058,138
[NET-ASSETS]                              9446,869,100
[DIVIDEND-INCOME]                           15,217,964
[INTEREST-INCOME]                           11,421,946
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              13,389,838
[NET-INVESTMENT-INCOME]                     13,250,072
[REALIZED-GAINS-CURRENT]                    30,805,367
[APPREC-INCREASE-CURRENT]                  103,644,618
[NET-CHANGE-FROM-OPS]                      147,700,057
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    3,494,933
[DISTRIBUTIONS-OF-GAINS]                    37,156,653
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     24,032,545
[NUMBER-OF-SHARES-REDEEMED]                 11,543,825
[SHARES-REINVESTED]                          5,698,862
[NET-CHANGE-IN-ASSETS]                     319,197,950
[ACCUMULATED-NII-PRIOR]                      5,795,416
[ACCUMULATED-GAINS-PRIOR]                   62,617,181
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,135,113
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             13,389,838
[AVERAGE-NET-ASSETS]                       538,010,473
[PER-SHARE-NAV-BEGIN]                             8.16
[PER-SHARE-NII]                                    .12
[PER-SHARE-GAIN-APPREC]                           1.23
[PER-SHARE-DIVIDEND]                             (.08)
[PER-SHARE-DISTRIBUTIONS]                        (.81)
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.62
[EXPENSE-RATIO]                                   2.09
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>

[ARTICLE] 6
[CIK] 0000351934
[NAME] SMITH BARNEY FUNDAMENTAL VALUE FUND INC.-CLASS C
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          SEP-30-1995
[PERIOD-END]                               SEP-30-1995
[INVESTMENTS-AT-COST]                      827,515,523
[INVESTMENTS-AT-VALUE]                     949,313,027
[RECEIVABLES]                               11,866,949
[ASSETS-OTHER]                                     873
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             961,180,849
[PAYABLE-FOR-SECURITIES]                    10,000,000
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,311,749
[TOTAL-LIABILITIES]                         14,311,749
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   781,772,617
[SHARES-COMMON-STOCK]                        2,529,245
[SHARES-COMMON-PRIOR]                          202,305
[ACCUMULATED-NII-CURRENT]                   11,394,177
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     29,644,168
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   124,058,138
[NET-ASSETS]                               946,869,100
[DIVIDEND-INCOME]                           15,217,964
[INTEREST-INCOME]                           11,421,946
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              13,389,838
[NET-INVESTMENT-INCOME]                     13,250,072
[REALIZED-GAINS-CURRENT]                    30,805,367
[APPREC-INCREASE-CURRENT]                  103,644,618
[NET-CHANGE-FROM-OPS]                      147,700,057
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                       32,049
[DISTRIBUTIONS-OF-GAINS]                       304,657
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      2,540,546
[NUMBER-OF-SHARES-REDEEMED]                     26,289
[SHARES-REINVESTED]                             48,683
[NET-CHANGE-IN-ASSETS]                     319,197,950
[ACCUMULATED-NII-PRIOR]                      5,795,416
[ACCUMULATED-GAINS-PRIOR]                   62,617,181
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,135,113
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             13,389,838
[AVERAGE-NET-ASSETS]                        21,670,341
[PER-SHARE-NAV-BEGIN]                             8.16
[PER-SHARE-NII]                                    .12
[PER-SHARE-GAIN-APPREC]                           1.24
[PER-SHARE-DIVIDEND]                             (.09)
[PER-SHARE-DISTRIBUTIONS]                        (.81)
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.62
[EXPENSE-RATIO]                                   2.09
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>


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