SMITH BARNEY EUROPEAN FUND (the "Fund"),
A SERIES OF SMITH BARNEY INVESTMENT FUNDS INC.
(the "Company")
Supplement to the Statement of Additional Information
Dated November 7, 1994
The following information updates the disclosure found on page one
of the Company's Statement of Additional Information:
The Statement of Additional Information dated November 7, 1994 is valid
in reference to Smith Barney European Fund only and is incorporated by
reference into its Prospectus in its entirety.
Additional information about Smith Barney Government Securities Fund,
Smith Barney Special Equities Fund, Smith Barney Investment Grade Bond
Fund and the Company is contained in a Statement of Additional
Information dated March 1, 1995.
_____________________________
Dated March 1, 1995
