March 7, 1994
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street N.W.
Washington, D.C. 20549
ATTN: Office of Filings, Information and Consumer Services
RE: Smith Barney Shearson Investment Funds Inc. (the "Company")
Smith Barney Shearon Government Securities Fund
Smith Barney Shearon Investment Grade Bond Fund
Smith Barney Shearon Special Equities Fund
Smith Barney Shearon European Fund
File No. 2-74288 & 811-3275,
Dear Sir or Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, as amended,
please accept this letter as certification that the prospectus and statement
of additional infomation for the above-referenced Funds do not differ from
that contained in Post-Effective Amendment No. 32 (the "Amendment") to the
Company's Registration Statement on Form N-1A. This Amendment was filed
electronically via EDGAR on March 1, 1994.
Any comments on this filing should be directed to Paul D. Furcinito,
Senior Legal Product Manager at (617) 248-3480.
Kindly show receipt of this transmission through acknowledgment via
Compuserve Mailbox Number 72741,322.
Very truly yours,
/s/ Mary E. Moran
Mary E. Moran
Vice President and
Associate General Counsel
SLIV\LETTERS\EDGAR497
