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<PAGE> PAGE 12
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<PAGE> PAGE 15
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<PAGE> PAGE 17
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<PAGE> PAGE 21
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048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
055 A001000 N
055 B001000 N
056 001000 Y
057 001000 N
062 A001000 N
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062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
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062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 N
066 D001000 Y
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 Y
069 001000 N
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070 A021000 Y
<PAGE> PAGE 22
070 B011000 N
070 B021000 N
070 C011000 N
070 C021000 N
070 D011000 N
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 Y
070 I021000 N
070 J011000 Y
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070 K011000 Y
070 K021000 N
070 L011000 Y
070 L021000 Y
070 M011000 Y
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070 O021000 Y
070 P011000 Y
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070 Q011000 N
070 Q021000 N
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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SIGNATURE CHRISTINA HAAGE
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> Smith Barney Investment Grade Bond Fund - Class A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
<INVESTMENTS-AT-COST> 437,931,193
<INVESTMENTS-AT-VALUE> 396,401,801
<RECEIVABLES> 11,232,667
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 622
<TOTAL-ASSETS> 407,635,090
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,182,394
<TOTAL-LIABILITIES> 4,182,394
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 445,841,688
<SHARES-COMMON-STOCK> 16,997,989
<SHARES-COMMON-PRIOR> 779,050
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 859,600
<ACCUM-APPREC-OR-DEPREC> (41,529,392)
<NET-ASSETS> 403,452,696
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 36,216,097
<OTHER-INCOME> 0
<EXPENSES-NET> 6,455,334
<NET-INVESTMENT-INCOME> 29,760,763
<REALIZED-GAINS-CURRENT> 2,616,051
<APPREC-INCREASE-CURRENT> (76,397,864)
<NET-CHANGE-FROM-OPS> (44,021,050)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,485,918
<DISTRIBUTIONS-OF-GAINS> 5,098,443
<DISTRIBUTIONS-OTHER> 173,244
<NUMBER-OF-SHARES-SOLD> 16,784,949
<NUMBER-OF-SHARES-REDEEMED> 1,245,217
<SHARES-REINVESTED> 679,207
<NET-CHANGE-IN-ASSETS> (82,899,815)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 7,840,829
<OVERDISTRIB-NII-PRIOR> 212,081
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,926,359
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,455,334
<AVERAGE-NET-ASSETS> 428,079,672
<PER-SHARE-NAV-BEGIN> 13.01
<PER-SHARE-NII> 0.74
<PER-SHARE-GAIN-APPREC> (1.88)
<PER-SHARE-DIVIDEND> 0.86
<PER-SHARE-DISTRIBUTIONS> 0.31
<RETURNS-OF-CAPITAL> 0.03
<PER-SHARE-NAV-END> 10.67
<EXPENSE-RATIO> 1.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<ARTICLE> 6
<SERIES>
[NUMBER] 2
<NAME> Smith Barney Investment Grade Bond Fund - Class B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
[INVESTMENTS-AT-COST] 437,931,193
[INVESTMENTS-AT-VALUE] 396,401,801
[RECEIVABLES] 11,232,667
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 622
[TOTAL-ASSETS] 407,635,090
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,182,394
[TOTAL-LIABILITIES] 4,182,394
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 445,841,688
[SHARES-COMMON-STOCK] 20,725,884
[SHARES-COMMON-PRIOR] 36,588,263
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 859,600
[ACCUM-APPREC-OR-DEPREC] (41,529,392)
[NET-ASSETS] 403,452,696
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 36,216,097
[OTHER-INCOME] 0
[EXPENSES-NET] 6,455,334
[NET-INVESTMENT-INCOME] 29,760,763
[REALIZED-GAINS-CURRENT] 2,616,051
[APPREC-INCREASE-CURRENT] (76,397,864)
[NET-CHANGE-FROM-OPS] (44,021,050)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 25,035,743
[DISTRIBUTIONS-OF-GAINS] 6,190,272
[DISTRIBUTIONS-OTHER] 949,145
[NUMBER-OF-SHARES-SOLD] 5,403,618
[NUMBER-OF-SHARES-REDEEMED] 23,258,589
[SHARES-REINVESTED] 1,992,592
[NET-CHANGE-IN-ASSETS] (82,899,815)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 7,840,829
[OVERDISTRIB-NII-PRIOR] 212,081
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,926,359
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,455,334
[AVERAGE-NET-ASSETS] 428,079,672
[PER-SHARE-NAV-BEGIN] 13.01
[PER-SHARE-NII] 0.82
[PER-SHARE-GAIN-APPREC] (2.02)
[PER-SHARE-DIVIDEND] 0.80
[PER-SHARE-DISTRIBUTIONS] 0.31
[RETURNS-OF-CAPITAL] 0.03
[PER-SHARE-NAV-END] 10.67
[EXPENSE-RATIO] 1.57
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<ARTICLE> 6
<SERIES>
[NUMBER] 2
<NAME> Smith Barney Investment Grade Bond Fund - Class C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
[INVESTMENTS-AT-COST] 437,931,193
[INVESTMENTS-AT-VALUE] 396,401,801
[RECEIVABLES] 11,232,667
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 622
[TOTAL-ASSETS] 407,635,090
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,182,394
[TOTAL-LIABILITIES] 4,182,394
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 445,841,688
[SHARES-COMMON-STOCK] 93,690
[SHARES-COMMON-PRIOR] 15,998
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 859,600
[ACCUM-APPREC-OR-DEPREC] (41,529,392)
[NET-ASSETS] 403,452,696
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 36,216,097
[OTHER-INCOME] 0
[EXPENSES-NET] 6,455,334
[NET-INVESTMENT-INCOME] 29,760,763
[REALIZED-GAINS-CURRENT] 2,616,051
[APPREC-INCREASE-CURRENT] (76,397,864)
[NET-CHANGE-FROM-OPS] (44,021,050)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 27,021
[DISTRIBUTIONS-OF-GAINS] 27,765
[DISTRIBUTIONS-OTHER] 1,041
[NUMBER-OF-SHARES-SOLD] 82,608
[NUMBER-OF-SHARES-REDEEMED] 9,852
[SHARES-REINVESTED] 4,936
[NET-CHANGE-IN-ASSETS] (82,899,815)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 7,840,829
[OVERDISTRIB-NII-PRIOR] 212,081
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,926,359
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,455,334
[AVERAGE-NET-ASSETS] 428,079,672
[PER-SHARE-NAV-BEGIN] 13.01
[PER-SHARE-NII] 0.75
[PER-SHARE-GAIN-APPREC] (1.95)
[PER-SHARE-DIVIDEND] 0.80
[PER-SHARE-DISTRIBUTIONS] 0.31
[RETURNS-OF-CAPITAL] 0.03
[PER-SHARE-NAV-END] 10.67
[EXPENSE-RATIO] 1.57
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> Smith Barney Special Equities Fund - Class A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
<INVESTMENTS-AT-COST> 166,951,531
<INVESTMENTS-AT-VALUE> 198,846,796
<RECEIVABLES> 4,492,822
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 543
<TOTAL-ASSETS> 203,340,161
<PAYABLE-FOR-SECURITIES> 6,207,545
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 631,986
<TOTAL-LIABILITIES> 6,839,531
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 170,467,797
<SHARES-COMMON-STOCK> 5,289,999
<SHARES-COMMON-PRIOR> 2,478,169
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 5,862,432
<ACCUM-APPREC-OR-DEPREC> 31,895,265
<NET-ASSETS> 196,500,630
<DIVIDEND-INCOME> 291,049
<INTEREST-INCOME> 765,033
<OTHER-INCOME> 0
<EXPENSES-NET> 3,805,492
<NET-INVESTMENT-INCOME> (2,749,410)
<REALIZED-GAINS-CURRENT> (5,296,726)
<APPREC-INCREASE-CURRENT> (3,369,494)
<NET-CHANGE-FROM-OPS> (11,415,630)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6,100,691
<NUMBER-OF-SHARES-REDEEMED> 3,288,861
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7,793,583
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 270,779
<GROSS-ADVISORY-FEES> 1,052,635
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,805,492
<AVERAGE-NET-ASSETS> 191,388,129
<PER-SHARE-NAV-BEGIN> 20.23
<PER-SHARE-NII> (0.13)
<PER-SHARE-GAIN-APPREC> (1.00)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 19.10
<EXPENSE-RATIO> 1.49
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<ARTICLE> 6
<SERIES>
[NUMBER] 4
<NAME> Smith Barney Special Equities Fund - Class B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
[INVESTMENTS-AT-COST] 166,951,531
[INVESTMENTS-AT-VALUE] 198,846,796
[RECEIVABLES] 4,492,822
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 543
[TOTAL-ASSETS] 203,340,161
[PAYABLE-FOR-SECURITIES] 6,207,545
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 631,986
[TOTAL-LIABILITIES] 6,839,531
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 170,467,797
[SHARES-COMMON-STOCK] 4,989,720
[SHARES-COMMON-PRIOR] 6,894,192
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 5,862,432
[ACCUM-APPREC-OR-DEPREC] 31,895,265
[NET-ASSETS] 196,500,630
[DIVIDEND-INCOME] 291,049
[INTEREST-INCOME] 765,033
[OTHER-INCOME] 0
[EXPENSES-NET] 3,805,492
[NET-INVESTMENT-INCOME] (2,749,410)
[REALIZED-GAINS-CURRENT] (5,296,726)
[APPREC-INCREASE-CURRENT] (3,369,494)
[NET-CHANGE-FROM-OPS] (11,415,630)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 6,054,365
[NUMBER-OF-SHARES-REDEEMED] 7,958,837
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 7,793,583
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 270,779
[GROSS-ADVISORY-FEES] 1,052,635
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,805,492
[AVERAGE-NET-ASSETS] 191,388,129
[PER-SHARE-NAV-BEGIN] 20.08
[PER-SHARE-NII] (0.27)
[PER-SHARE-GAIN-APPREC] (0.99)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 18.82
[EXPENSE-RATIO] 2.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<ARTICLE> 6
<SERIES>
[NUMBER] 4
<NAME> Smith Barney Special Equities Fund - Class C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
[INVESTMENTS-AT-COST] 166,951,531
[INVESTMENTS-AT-VALUE] 198,846,796
[RECEIVABLES] 4,492,822
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 543
[TOTAL-ASSETS] 203,340,161
[PAYABLE-FOR-SECURITIES] 6,207,545
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 631,986
[TOTAL-LIABILITIES] 6,839,531
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 170,467,797
[SHARES-COMMON-STOCK] 81,175
[SHARES-COMMON-PRIOR] 9,212
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 5,862,432
[ACCUM-APPREC-OR-DEPREC] 31,895,265
[NET-ASSETS] 196,500,630
[DIVIDEND-INCOME] 291,049
[INTEREST-INCOME] 765,033
[OTHER-INCOME] 0
[EXPENSES-NET] 3,805,492
[NET-INVESTMENT-INCOME] (2,749,410)
[REALIZED-GAINS-CURRENT] (5,296,726)
[APPREC-INCREASE-CURRENT] (3,369,494)
[NET-CHANGE-FROM-OPS] (11,415,630)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 75,807
[NUMBER-OF-SHARES-REDEEMED] 3,844
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 7,793,583
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 270,779
[GROSS-ADVISORY-FEES] 1,052,635
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,805,492
[AVERAGE-NET-ASSETS] 191,388,129
[PER-SHARE-NAV-BEGIN] 20.08
[PER-SHARE-NII] (0.25)
[PER-SHARE-GAIN-APPREC] (1.01)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 18.82
[EXPENSE-RATIO] 2.15
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> SB GOVERNMENT SECURITIES - CLASS A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 654,843,986
<INVESTMENTS-AT-VALUE> 651,631,445
<RECEIVABLES> 224,155,869
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 115,000,361
<TOTAL-ASSETS> 990,787,675
<PAYABLE-FOR-SECURITIES> 217,517,543
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 117,514,407
<TOTAL-LIABILITIES> 335,031,950
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,281,245,819
<SHARES-COMMON-STOCK> 52,579,944
<SHARES-COMMON-PRIOR> 705,750
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (622,061,928)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,428,166)
<NET-ASSETS> 655,755,725
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 54,732,208
<OTHER-INCOME> 0
<EXPENSES-NET> 12,156,647
<NET-INVESTMENT-INCOME> 42,575,561
<REALIZED-GAINS-CURRENT> (72,596,844)
<APPREC-INCREASE-CURRENT> 3,598,171
<NET-CHANGE-FROM-OPS> (26,423,112)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 7,072,146
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 1,068,824
<NUMBER-OF-SHARES-SOLD> 55,125,066
<NUMBER-OF-SHARES-REDEEMED> 3,827,269
<SHARES-REINVESTED> 576,397
<NET-CHANGE-IN-ASSETS> (202,874,435)
<ACCUMULATED-NII-PRIOR> 92,682
<ACCUMULATED-GAINS-PRIOR> (556,625,868)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,578,209
<INTEREST-EXPENSE> 1,868,717
<GROSS-EXPENSE> 12,156,647
<AVERAGE-NET-ASSETS> 736,631,154
<PER-SHARE-NAV-BEGIN> 10.01
<PER-SHARE-NII> 0.52
<PER-SHARE-GAIN-APPREC> (0.80)
<PER-SHARE-DIVIDEND> 0.49
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.07
<PER-SHARE-NAV-END> 9.17
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 68,664,230
<AVG-DEBT-PER-SHARE> 0.96
<ARTICLE> 6
<SERIES>
[NUMBER] 6
<NAME> SB GOVERNMENT SECURITIES - CLASS B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 654,843,986
[INVESTMENTS-AT-VALUE] 651,631,445
[RECEIVABLES] 224,155,869
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 115,000,361
[TOTAL-ASSETS] 990,787,675
[PAYABLE-FOR-SECURITIES] 217,517,543
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 117,514,407
[TOTAL-LIABILITIES] 335,031,950
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,281,245,819
[SHARES-COMMON-STOCK] 18,824,589
[SHARES-COMMON-PRIOR] 85,011,511
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (622,061,928)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (3,428,166)
[NET-ASSETS] 655,755,725
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 54,732,208
[OTHER-INCOME] 0
[EXPENSES-NET] 12,156,647
[NET-INVESTMENT-INCOME] 42,575,561
[REALIZED-GAINS-CURRENT] (72,596,844)
[APPREC-INCREASE-CURRENT] 3,598,171
[NET-CHANGE-FROM-OPS] (26,423,112)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 28,417,180
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 4,294,729
[NUMBER-OF-SHARES-SOLD] 3,129,510
[NUMBER-OF-SHARES-REDEEMED] 71,498,609
[SHARES-REINVESTED] 2,182,177
[NET-CHANGE-IN-ASSETS] (202,874,435)
[ACCUMULATED-NII-PRIOR] 92,682
[ACCUMULATED-GAINS-PRIOR] (556,625,868)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,578,209
[INTEREST-EXPENSE] 1,868,717
[GROSS-EXPENSE] 12,156,647
[AVERAGE-NET-ASSETS] 736,631,154
[PER-SHARE-NAV-BEGIN] 10.01
[PER-SHARE-NII] 0.46
[PER-SHARE-GAIN-APPREC] (0.78)
[PER-SHARE-DIVIDEND] 0.45
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.07
[PER-SHARE-NAV-END] 9.17
[EXPENSE-RATIO] 1.48
[AVG-DEBT-OUTSTANDING] 68,664,230
[AVG-DEBT-PER-SHARE] 0.96
<ARTICLE> 6
<SERIES>
[NUMBER] 6
<NAME> SB GOVERNMENT SECURITIES - CLASS C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
[INVESTMENTS-AT-COST] 654,843,986
[INVESTMENTS-AT-VALUE] 651,631,445
[RECEIVABLES] 224,155,869
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 115,000,361
[TOTAL-ASSETS] 990,787,675
[PAYABLE-FOR-SECURITIES] 217,517,543
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 117,514,407
[TOTAL-LIABILITIES] 335,031,950
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,281,245,819
[SHARES-COMMON-STOCK] 70,470
[SHARES-COMMON-PRIOR] 21,288
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (622,061,928)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (3,428,166)
[NET-ASSETS] 655,755,725
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 54,732,208
[OTHER-INCOME] 0
[EXPENSES-NET] 12,156,647
[NET-INVESTMENT-INCOME] 42,575,561
[REALIZED-GAINS-CURRENT] (72,596,844)
[APPREC-INCREASE-CURRENT] 3,598,171
[NET-CHANGE-FROM-OPS] (26,423,112)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 18,133
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 2,740
[NUMBER-OF-SHARES-SOLD] 58,124
[NUMBER-OF-SHARES-REDEEMED] 11,143
[SHARES-REINVESTED] 2,201
[NET-CHANGE-IN-ASSETS] (202,874,435)
[ACCUMULATED-NII-PRIOR] 92,682
[ACCUMULATED-GAINS-PRIOR] (556,625,868)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,578,209
[INTEREST-EXPENSE] 1,868,717
[GROSS-EXPENSE] 12,156,647
[AVERAGE-NET-ASSETS] 736,631,154
[PER-SHARE-NAV-BEGIN] 10.01
[PER-SHARE-NII] 0.49
[PER-SHARE-GAIN-APPREC] (0.81)
[PER-SHARE-DIVIDEND] 0.45
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.07
[PER-SHARE-NAV-END] 9.17
[EXPENSE-RATIO] 1.47
[AVG-DEBT-OUTSTANDING] 68,664,230
[AVG-DEBT-PER-SHARE] 0.96
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 10
<NAME> Smith Barney European Fund - Class A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
<INVESTMENTS-AT-COST> 31,074,885
<INVESTMENTS-AT-VALUE> 34,622,500
<RECEIVABLES> 223,951
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 601,493
<TOTAL-ASSETS> 35,447,944
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 217,539
<TOTAL-LIABILITIES> 217,539
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 32,950,127
<SHARES-COMMON-STOCK> 517,734
<SHARES-COMMON-PRIOR> 118,021
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 10,271
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 1,253,910
<ACCUM-APPREC-OR-DEPREC> 3,544,459
<NET-ASSETS> 35,230,405
<DIVIDEND-INCOME> 844,891
<INTEREST-INCOME> 99,963
<OTHER-INCOME> 0
<EXPENSES-NET> 1,237,197
<NET-INVESTMENT-INCOME> (292,343)
<REALIZED-GAINS-CURRENT> 609,825
<APPREC-INCREASE-CURRENT> (1,445,473)
<NET-CHANGE-FROM-OPS> (1,127,991)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,041,259
<NUMBER-OF-SHARES-REDEEMED> 641,546
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (2,174,961)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 1,923,050
<GROSS-ADVISORY-FEES> 278,074
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,237,197
<AVERAGE-NET-ASSETS> 39,683,478
<PER-SHARE-NAV-BEGIN> 14.47
<PER-SHARE-NII> (0.02)
<PER-SHARE-GAIN-APPREC> (0.33)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 14.12
<EXPENSE-RATIO> 2.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
<ARTICLE> 6
<SERIES>
[NUMBER] 10
<NAME> Smith Barney European Fund - Class B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
[INVESTMENTS-AT-COST] 31,074,885
[INVESTMENTS-AT-VALUE] 34,622,500
[RECEIVABLES] 223,951
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 601,493
[TOTAL-ASSETS] 35,447,944
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 217,539
[TOTAL-LIABILITIES] 217,539
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 32,950,127
[SHARES-COMMON-STOCK] 2,001,869
[SHARES-COMMON-PRIOR] 2,479,040
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,271
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 1,253,910
[ACCUM-APPREC-OR-DEPREC] 3,544,459
[NET-ASSETS] 35,230,405
[DIVIDEND-INCOME] 844,891
[INTEREST-INCOME] 99,963
[OTHER-INCOME] 0
[EXPENSES-NET] 1,237,197
[NET-INVESTMENT-INCOME] (292,343)
[REALIZED-GAINS-CURRENT] 609,825
[APPREC-INCREASE-CURRENT] (1,445,473)
[NET-CHANGE-FROM-OPS] (1,127,991)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,781,395
[NUMBER-OF-SHARES-REDEEMED] 3,258,566
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (2,174,961)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 1,923,050
[GROSS-ADVISORY-FEES] 278,074
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,237,197
[AVERAGE-NET-ASSETS] 39,683,478
[PER-SHARE-NAV-BEGIN] 14.40
[PER-SHARE-NII] (0.12)
[PER-SHARE-GAIN-APPREC] (0.33)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 13.95
[EXPENSE-RATIO] 3.19
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<ARTICLE> 6
<SERIES>
[NUMBER] 10
<NAME> Smith Barney European Fund - Class C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> Dec-31-1994
<PERIOD-END> Dec-31-1994
[INVESTMENTS-AT-COST] 31,074,885
[INVESTMENTS-AT-VALUE] 34,622,500
[RECEIVABLES] 223,951
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 601,493
[TOTAL-ASSETS] 35,447,944
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 217,539
[TOTAL-LIABILITIES] 217,539
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 32,950,127
[SHARES-COMMON-STOCK] 19
[SHARES-COMMON-PRIOR] 1
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,271
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 1,253,910
[ACCUM-APPREC-OR-DEPREC] 3,544,459
[NET-ASSETS] 35,230,405
[DIVIDEND-INCOME] 844,891
[INTEREST-INCOME] 99,963
[OTHER-INCOME] 0
[EXPENSES-NET] 1,237,197
[NET-INVESTMENT-INCOME] (292,343)
[REALIZED-GAINS-CURRENT] 609,825
[APPREC-INCREASE-CURRENT] (1,445,473)
[NET-CHANGE-FROM-OPS] (1,127,991)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 18
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (2,174,961)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 1,923,050
[GROSS-ADVISORY-FEES] 278,074
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,237,197
[AVERAGE-NET-ASSETS] 39,683,478
[PER-SHARE-NAV-BEGIN] 14.41
[PER-SHARE-NII] (0.03)
[PER-SHARE-GAIN-APPREC] (0.43)
[PER-SHARE-DIVIDEND] 0.00
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 13.95
[EXPENSE-RATIO] 3.29
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
