SMITH BARNEY MANAGED GROWTH FUND
(the "Fund")
Supplement dated April 16, 1998 to
Prospectus dated April 30, 1997
The following information supersedes the
information set forth in the Fund's Prospectus
entitled "Management of the Fund:"
PORTFOLIO MANAGEMENT
John Stoeser serves as Portfolio Manager of
the Fund and is responsible for management of the
assets of the Fund. Mr. Stoeser was Vice
President and Research Analyst of the Fund since
July 1997. Prior to joining Smith Barney, Mr.
Stoeser was Assistant Vice President, Portfolio
Manager and Research Analyst with Safeco Asset
Management since 1992. Mr. Stoeser had portfolio
management responsibility for a number of equity
and fixed income portfolios including
responsibility as portfolio manager of Safeco
Defined Benefit Plan and Safeco Trust Company and
co-portfolio manager of Safeco High Yield Fund.
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