SMITH BARNEY SHEARSON FUNDAMENTAL VALUE FUND INC
NSAR-B, 1996-11-26
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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-30-1996
[PERIOD-END]                               SEP-30-1996
[INVESTMENTS-AT-COST]                      805,421,789
[INVESTMENTS-AT-VALUE]                     981,417,153
[RECEIVABLES]                               10,705,450
[ASSETS-OTHER]                                     635
[OTHER-ITEMS-ASSETS]                       267,837,000
[TOTAL-ASSETS]                           1,259,960,238
[PAYABLE-FOR-SECURITIES]                     5,657,800
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    3,362,733
[TOTAL-LIABILITIES]                          9,020,533
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,003,838,553
[SHARES-COMMON-STOCK]                       49,235,698
[SHARES-COMMON-PRIOR]                       44,574,043
[ACCUMULATED-NII-CURRENT]                   13,747,541
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     56,562,900
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   176,655,866
[NET-ASSETS]                                 1,250,940
[DIVIDEND-INCOME]                           20,937,033
[INTEREST-INCOME]                           11,764,850
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              18,014,119
[NET-INVESTMENT-INCOME]                     14,687,764
[REALIZED-GAINS-CURRENT]                    74,028,199
[APPREC-INCREASE-CURRENT]                   52,597,728
[NET-CHANGE-FROM-OPS]                      141,313,691
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    8,960,139
[DISTRIBUTIONS-OF-GAINS]                    16,561,157
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     10,423,305
[NUMBER-OF-SHARES-REDEEMED]                  8,696,068
[SHARES-REINVESTED]                          2,934,418
[NET-CHANGE-IN-ASSETS]                     304,070,605
[ACCUMULATED-NII-PRIOR]                     11,394,177
[ACCUMULATED-GAINS-PRIOR]                   29,644,168
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        7,119,074
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             18,014,119
[AVERAGE-NET-ASSETS]                       423,329,674
[PER-SHARE-NAV-BEGIN]                             8.66
[PER-SHARE-NII]                                   0.20
[PER-SHARE-GAIN-APPREC]                           1.01
[PER-SHARE-DIVIDEND]                              0.19
[PER-SHARE-DISTRIBUTIONS]                         0.37
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               9.31
[EXPENSE-RATIO]                                   1.22
[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-30-1996
[PERIOD-END]                               SEP-30-1996
[INVESTMENTS-AT-COST]                      805,421,789
[INVESTMENTS-AT-VALUE]                     981,417,153
[RECEIVABLES]                               10,705,450
[ASSETS-OTHER]                                     635
[OTHER-ITEMS-ASSETS]                       267,837,000
[TOTAL-ASSETS]                           1,259,960,238
[PAYABLE-FOR-SECURITIES]                     5,657,800
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    3,362,733
[TOTAL-LIABILITIES]                          9,020,533
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,003,838,553
[SHARES-COMMON-STOCK]                       76,009,204
[SHARES-COMMON-PRIOR]                       62,452,558
[ACCUMULATED-NII-CURRENT]                   13,747,541
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     56,562,900
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   176,655,866
[NET-ASSETS]                                 1,250,940
[DIVIDEND-INCOME]                           20,937,033
[INTEREST-INCOME]                           11,764,850
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              18,014,119
[NET-INVESTMENT-INCOME]                     14,687,764
[REALIZED-GAINS-CURRENT]                    74,028,199
[APPREC-INCREASE-CURRENT]                   52,597,728
[NET-CHANGE-FROM-OPS]                      141,313,691
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    8,665,974
[DISTRIBUTIONS-OF-GAINS]                    23,794,789
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     21,765,620
[NUMBER-OF-SHARES-REDEEMED]                 11,904,915
[SHARES-REINVESTED]                          3,695,941
[NET-CHANGE-IN-ASSETS]                     304,070,605
[ACCUMULATED-NII-PRIOR]                     11,394,177
[ACCUMULATED-GAINS-PRIOR]                   29,644,168
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        7,119,074
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             18,014,119
[AVERAGE-NET-ASSETS]                       622,909,028
[PER-SHARE-NAV-BEGIN]                             8.62
[PER-SHARE-NII]                                   0.13
[PER-SHARE-GAIN-APPREC]                           1.01
[PER-SHARE-DIVIDEND]                              0.13
[PER-SHARE-DISTRIBUTIONS]                         0.37
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               9.26
[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-30-1996
[PERIOD-END]                               SEP-30-1996
[INVESTMENTS-AT-COST]                      805,421,789
[INVESTMENTS-AT-VALUE]                     981,417,153
[RECEIVABLES]                               10,705,450
[ASSETS-OTHER]                                     635
[OTHER-ITEMS-ASSETS]                       267,837,000
[TOTAL-ASSETS]                           1,259,960,238
[PAYABLE-FOR-SECURITIES]                     5,657,800
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    3,362,733
[TOTAL-LIABILITIES]                          9,020,533
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,003,838,553
[SHARES-COMMON-STOCK]                        4,811,659
[SHARES-COMMON-PRIOR]                        2,529,245
[ACCUMULATED-NII-CURRENT]                   13,747,541
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     56,562,900
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   176,655,866
[NET-ASSETS]                                 1,250,940
[DIVIDEND-INCOME]                           20,937,033
[INTEREST-INCOME]                           11,764,850
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              18,014,119
[NET-INVESTMENT-INCOME]                     14,687,764
[REALIZED-GAINS-CURRENT]                    74,028,199
[APPREC-INCREASE-CURRENT]                   52,597,728
[NET-CHANGE-FROM-OPS]                      141,313,691
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      402,226
[DISTRIBUTIONS-OF-GAINS]                     1,059,573
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      2,925,320
[NUMBER-OF-SHARES-REDEEMED]                    811,710
[SHARES-REINVESTED]                            168,804
[NET-CHANGE-IN-ASSETS]                     304,070,605
[ACCUMULATED-NII-PRIOR]                     11,394,177
[ACCUMULATED-GAINS-PRIOR]                   29,644,168
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        7,119,074
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             18,014,119
[AVERAGE-NET-ASSETS]                        33,900,757
[PER-SHARE-NAV-BEGIN]                             8.62
[PER-SHARE-NII]                                   0.14
[PER-SHARE-GAIN-APPREC]                           1.00
[PER-SHARE-DIVIDEND]                              0.13
[PER-SHARE-DISTRIBUTIONS]                         0.37
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               9.26
[EXPENSE-RATIO]                                   1.96
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>


[ARTICLE] 6
[CIK] 0000351934
[NAME] SMITH BARNEY FUNDAMENTAL VALUE FUND INC. CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          SEP-30-1996
[PERIOD-END]                               SEP-30-1996
[INVESTMENTS-AT-COST]                      805,421,789
[INVESTMENTS-AT-VALUE]                     981,417,153
[RECEIVABLES]                               10,705,450
[ASSETS-OTHER]                                     635
[OTHER-ITEMS-ASSETS]                       267,837,000
[TOTAL-ASSETS]                           1,259,960,238
[PAYABLE-FOR-SECURITIES]                     5,657,800
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    3,362,733
[TOTAL-LIABILITIES]                          9,020,533
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,003,838,553
[SHARES-COMMON-STOCK]                        4,788,885
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                   13,747,541
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     56,562,900
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   176,655,866
[NET-ASSETS]                                 1,250,940
[DIVIDEND-INCOME]                           20,937,033
[INTEREST-INCOME]                           11,764,850
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              18,014,119
[NET-INVESTMENT-INCOME]                     14,687,764
[REALIZED-GAINS-CURRENT]                    74,028,199
[APPREC-INCREASE-CURRENT]                   52,597,728
[NET-CHANGE-FROM-OPS]                      141,313,691
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      5,505,522
[NUMBER-OF-SHARES-REDEEMED]                    716,637
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                     304,070,605
[ACCUMULATED-NII-PRIOR]                     11,394,177
[ACCUMULATED-GAINS-PRIOR]                   29,644,168
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        7,119,074
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             18,014,119
[AVERAGE-NET-ASSETS]                        13,973,244
[PER-SHARE-NAV-BEGIN]                             8.78
[PER-SHARE-NII]                                   0.23
[PER-SHARE-GAIN-APPREC]                           0.31
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               9.32
[EXPENSE-RATIO]                                   0.75
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>



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