SMITH BARNEY SHEARSON INVESTMENT FUNDS INC
NSAR-A, EX-27, 2001-01-10
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> Smith Barney Premier Selections All Cap Growth Fund
<SERIES>
   <NUMBER>004
   <NAME>Smith Barney Investment Funds, Inc.

<S>                             <C>
<PERIOD-TYPE>                  6 Mos
<FISCAL-YEAR-END>                               Apr-30-2001
<PERIOD-END>                                    Oct-31-2000
<INVESTMENTS-AT-COST>                           669,412,332
<INVESTMENTS-AT-VALUE>                          669,595,203
<RECEIVABLES>                                     1,628,299
<ASSETS-OTHER>                                          436
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                  671,223,938
<PAYABLE-FOR-SECURITIES>                          2,114,204
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                           946,415
<TOTAL-LIABILITIES>                               3,060,619
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                        692,837,268
<SHARES-COMMON-STOCK>                             8,245,708
<SHARES-COMMON-PRIOR>                                     0
<ACCUMULATED-NII-CURRENT>                        (2,462,589)
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                         (22,394,231)
<OVERDISTRIBUTION-GAINS>                                  0
<ACCUM-APPREC-OR-DEPREC>                            182,871
<NET-ASSETS>                                    668,163,319
<DIVIDEND-INCOME>                                   695,260
<INTEREST-INCOME>                                   959,844
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                    4,117,693
<NET-INVESTMENT-INCOME>                          (2,462,589)
<REALIZED-GAINS-CURRENT>                        (22,394,231)
<APPREC-INCREASE-CURRENT>                           182,871
<NET-CHANGE-FROM-OPS>                           (24,673,949)
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                                 0
<DISTRIBUTIONS-OF-GAINS>                                  0
<DISTRIBUTIONS-OTHER>                                     0
<NUMBER-OF-SHARES-SOLD>                           8,371,749
<NUMBER-OF-SHARES-REDEEMED>                         126,041
<SHARES-REINVESTED>                                       0
<NET-CHANGE-IN-ASSETS>                          668,163,319
<ACCUMULATED-NII-PRIOR>                                   0
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<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                             1,627,544
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                   4,117,693
<AVERAGE-NET-ASSETS>                             78,089,254
<PER-SHARE-NAV-BEGIN>                                11.400
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<RETURNS-OF-CAPITAL>                                  0.000
<PER-SHARE-NAV-END>                                  11.030
<EXPENSE-RATIO>                                        1.96



</TABLE>


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