SMITH BARNEY SHEARSON INVESTMENT FUNDS INC
NSAR-A, 2000-01-19
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<PAGE>      PAGE  1
000 A000000 10/31/1999
000 C000000 355747
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001 A000000 SMITH BARNEY INVESTMENT FUNDS INC.
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002 A000000 388 GREENWICH STREET
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003  000000 N
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007 C010100  1
007 C020100 SMITH BARNEY HANSBERGER GLOBAL VALUE FUND
007 C030100 N
007 C010200  2
007 C020200 SB HANSBERGER GLOBAL SMALL CAP VALUE FUND
007 C030200 N
007 C010300  3
007 C020300 SMITH BARNEY PREMIER SELECTIONS FUND
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011 A00AA01 CFBDS, INC.
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012 A00AA01 SMITH BARNEY PRIVATE TRUST COMPANY
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<PAGE>      PAGE  2
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012 A00AA02 PFPC GLOBAL FUND SERVICES
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008 A000202 HANSBERGER GLOBAL INVESTORS, INC.
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<PAGE>      PAGE  10
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SIGNATURE   PAUL BROOK
TITLE       CONTROLLER


WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 1
   <NAME> SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS A

<S>                             <C>
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<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-EXPENSE>                              1,491,424
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<PER-SHARE-NAV-BEGIN>                            12.00
<PER-SHARE-NII>                                  00.03
<PER-SHARE-GAIN-APPREC>                          00.48
<PER-SHARE-DIVIDEND>                                 0
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.51
<EXPENSE-RATIO>                                  01.48


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 1
   <NAME> SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS B

<S>                             <C>
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<PER-SHARE-NII>                                  (0.02)
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<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.43
<EXPENSE-RATIO>                                  02.23


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 1
   <NAME> SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS L

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PER-SHARE-NAV-BEGIN>                            11.97
<PER-SHARE-NII>                                  (0.02)
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<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.43
<EXPENSE-RATIO>                                  02.23


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 1
   <NAME> SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS Y

<S>                             <C>
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<EXPENSE-RATIO>                                  01.09


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 2
   <NAME> SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS A

<S>                             <C>
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<EXPENSE-RATIO>                                  02.56


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 2
   <NAME> SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS B

<S>                             <C>
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<EXPENSE-RATIO>                                  03.34


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 2
   <NAME> SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS L

<S>                             <C>
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<EXPENSE-RATIO>                                  03.43


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 2
   <NAME> SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS Y

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