<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS
<SERIES>
<NUMBER> 003
<NAME> CONCERT PEACHTREE GROWTH FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Dec-31-2000
<PERIOD-END> Jun-30-2000
<INVESTMENTS-AT-COST> 443,684,698
<INVESTMENTS-AT-VALUE> 467,102,449
<RECEIVABLES> 54,069,887
<ASSETS-OTHER> 308
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 521,172,644
<PAYABLE-FOR-SECURITIES> 9,869,772
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 52,724,486
<TOTAL-LIABILITIES> 62,594,258
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 358,030,213
<SHARES-COMMON-STOCK> 12,342,920
<SHARES-COMMON-PRIOR> 11,809,556
<ACCUMULATED-NII-CURRENT> (1,232,520)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78,362,942
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 23,417,751
<NET-ASSETS> 458,578,386
<DIVIDEND-INCOME> 1,581,665
<INTEREST-INCOME> 296,790
<OTHER-INCOME> 0
<EXPENSES-NET> 3,110,975
<NET-INVESTMENT-INCOME> (1,232,520)
<REALIZED-GAINS-CURRENT> 78,392,168
<APPREC-INCREASE-CURRENT> (78,158,681)
<NET-CHANGE-FROM-OPS> (999,033)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 5,523,061
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 610,639
<NUMBER-OF-SHARES-REDEEMED> 82,623
<SHARES-REINVESTED> 5,348
<NET-CHANGE-IN-ASSETS> 11,607,309
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 10,940,614
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,137,451
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,110,975
<AVERAGE-NET-ASSETS> 235,736,388
<PER-SHARE-NAV-BEGIN> 19.290
<PER-SHARE-NII> (0.020)
<PER-SHARE-GAIN-APPREC> 0.010
<PER-SHARE-DIVIDEND> 0.000
<PER-SHARE-DISTRIBUTIONS> 0.450
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 18.830
<EXPENSE-RATIO> 0.980
</TABLE>
