SMITH BARNEY FUNDAMENTAL VALUE FUND INC.
(the "Fund")
Supplement Dated April 21, 1998
To Prospectus Dated January 28, 1998
In addition to the investment strategies described in the
Prospectus under "Investment Objectives and Management Policies-
Options on Securities" and "Options on Broad-Based Domestic Stock
Indexes", the Fund may, for hedging purposes and/or to generate
income, write put options on securities or stock indexes traded on
national securities exchanges as well as in the over-the-counter
market ("OTC Options"). There are certain risks associated with
option transactions. Writing a put option, for example, could
force the Fund to purchase securities at inopportune times or for
prices higher or lower than the current market value. Please see
the Prospectus for further information on the use of option
transactions.
