SMITH BARNEY SHEARSON INVESTMENT FUNDS INC
497, 2000-09-18
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SMITH BARNEY INVESTMENT FUNDS INC
on behalf of
Smith Barney Group Spectrum Fund


Supplement dated September 18, 2000 to
Prospectus dated September 14, 2000


Effective immediately the sub-heading "Class L shares" under the  Sales
 Charges"
section of the
prospectus of Smith Barney Group Spectrum Fund 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 October
25, 2000.






FD02029




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