SMITH BARNEY SHEARSON INVESTMENT FUNDS INC
N-14AE, EX-99.14, 2000-07-18
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CONSENT OF INDEPENDENT AUDITORS





We consent to the reference to our firm under the captions
"Synopsis" and "Representations and Warranties" and to the use of
our report dated December 15, 1999, with respect to Small Cap Fund,
a series of Concert Investment Series, which is incorporated by
reference, in this Registration Statement on Form N-14 of Smith
Barney Investment Funds Inc.




/s/ Ernst & Young LLP
ERNST & YOUNG LLP


New York, New York
July 14, 2000





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