SMITH BARNEY SHEARSON INVESTMENT FUNDS INC
NSAR-B, EX-27, 2000-06-07
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS, INC.
<SERIES>
   <NUMBER> 2
   <NAME> SMITH BARNEY SMALL CAP GROWTH - CLASS Y

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                      236,845,867
<INVESTMENTS-AT-VALUE>                     254,001,574
<RECEIVABLES>                                9,393,911
<ASSETS-OTHER>                                     979
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             263,396,464
<PAYABLE-FOR-SECURITIES>                    11,511,637
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      311,639
<TOTAL-LIABILITIES>                         11,823,276
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   240,596,378
<SHARES-COMMON-STOCK>                        4,212,953
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    (571,834)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (5,607,063)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    17,155,707
<NET-ASSETS>                               251,573,188
<DIVIDEND-INCOME>                                6,276
<INTEREST-INCOME>                              218,852
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 747,066
<NET-INVESTMENT-INCOME>                      (521,938)
<REALIZED-GAINS-CURRENT>                   (5,607,063)
<APPREC-INCREASE-CURRENT>                   17,155,707
<NET-CHANGE-FROM-OPS>                       11,026,706
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,212,953
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     251,573,188
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          318,946
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                747,066
<AVERAGE-NET-ASSETS>                        64,021,513
<PER-SHARE-NAV-BEGIN>                            18.59
<PER-SHARE-NII>                                 (0.01)
<PER-SHARE-GAIN-APPREC>                         (0.86)
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<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              17.72
<EXPENSE-RATIO>                                   0.94


</TABLE>


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