November 6, 1998
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: Smith Barney Investment Funds Inc. (the "Registrant")
File No. 2-74288
Dear Sirs:
Pursuant to Rule 497(e) under the Securities Act of 1933, enclosed
for filing on behalf of the Registrant is an EDGAR copy of a
supplement to the Prospectus of the Smith Barney Special Equities
Fund, a series of the Registrant, dated April 30, 1998.
Please return an electronic transmittal as evidence of your receipt
of this filing.
Very truly yours,
/s/Robert Nelson
Robert Nelson
