SMITH BARNEY INVESTMENT FUNDS INC.
On behalf of
SMITH BARNEY PREMIER SELECTIONS ALL CAP GROWTH FUND
and
SMITH BARNEY PREMIER SELECTIONS GLOBAL GROWTH FUND
Supplement dated May 24 2000 to
Prospectus dated May 24, 2000
Effective immediately the sub-heading "Class L
Shares" under the "Sales Charges" section of the
prospectus of Smith Barney Premier Selections All
Cap and Global Growth Funds is supplemented by
waiving the 1.00% sales charge on the offering
price for Class L shares during the initial
offering period scheduled to end on June 29, 2000.
FD 01893
C:\TEMP\Premier Selections Class L Sticker.doc