SMITH BARNEY INVESTMENT FUNDS INC.
On behalf of the
Smith Barney Special Equities Fund (the "Fund")
Supplement dated November 24, 1998 to
Prospectus dated April 30, 1998
The following revises and supersedes, as applicable, the
discussion under "Portfolio Management":
Commencing November 6, 1998 Pamela P. Milunovich assumed
responsibility as Portfolio Manager of the Fund. Ms. Milunovich is
currently Vice President of Mutual Management Corp., the Fund's Investment
Adviser and Administrator and a Director of Salomon Brothers Asset Management.
FD01574
