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SMITH BARNEY INVESTMENT FUNDS INC. GROWTH OPPORTUNITY FUND Supplement dated December 19, 1997 to Prospectus dated April 30, 1997 The Board of Directors of Smith Barney Investment Funds Inc. has voted to change the name of Growth Opportunity Fund, one of the funds making up Smith Barney Investment Funds Inc., to Concert Peachtree Growth Fund, effective December 19, 1997. This name change does not represent a change in either investment objective or investment policies. FD01367
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