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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000720506
[NAME] SMITH BARNEY AGGRESSIVE GROWTH FUND INC. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 439,955,011
[INVESTMENTS-AT-VALUE] 818,380,939
[RECEIVABLES] 7,047,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 825,428,403
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14,996,189
[TOTAL-LIABILITIES] 14,996,189
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 393,110,521
[SHARES-COMMON-STOCK] 7,987,140
[SHARES-COMMON-PRIOR] 8,779,915
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,811
[ACCUMULATED-NET-GAINS] 38,846,576
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 378,425,928
[NET-ASSETS] 810,432,214
[DIVIDEND-INCOME] 1,653,832
[INTEREST-INCOME] 230,422
[OTHER-INCOME] 0
[EXPENSES-NET] 9,269,152
[NET-INVESTMENT-INCOME] 7,389,592
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 235,657,971
[NET-CHANGE-FROM-OPS] 267,548,490
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 7,100,306
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 12,458,917
[NUMBER-OF-SHARES-REDEEMED] 13,490,744
[SHARES-REINVESTED] 219,052
[NET-CHANGE-IN-ASSETS] 268,315,637
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 15,744,999
[OVERDISTRIB-NII-PRIOR] 534
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,956,238
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9,269,152
[AVERAGE-NET-ASSETS] 287,589,210
[PER-SHARE-NAV-BEGIN] 28.76
[PER-SHARE-NII] 00.33
[PER-SHARE-GAIN-APPREC] 14.18
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.81
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 41.80
[EXPENSE-RATIO] 01.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000720506
[NAME] SMITH BARNEY AGGRESSIVE GROWTH FUND INC. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 439,955,011
[INVESTMENTS-AT-VALUE] 818,380,939
[RECEIVABLES] 7,047,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 825,428,403
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14,996,189
[TOTAL-LIABILITIES] 14,996,189
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 393,110,521
[SHARES-COMMON-STOCK] 4,919,027
[SHARES-COMMON-PRIOR] 4,889,234
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,811
[ACCUMULATED-NET-GAINS] 38,846,576
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 378,425,928
[NET-ASSETS] 810,432,214
[DIVIDEND-INCOME] 1,653,832
[INTEREST-INCOME] 230,422
[OTHER-INCOME] 0
[EXPENSES-NET] 9,269,152
[NET-INVESTMENT-INCOME] 7,389,592
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 235,657,971
[NET-CHANGE-FROM-OPS] 267,548,490
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 3,912,008
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4,486,678
[NUMBER-OF-SHARES-REDEEMED] 4,583,116
[SHARES-REINVESTED] 126,231
[NET-CHANGE-IN-ASSETS] 268,315,637
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 15,744,999
[OVERDISTRIB-NII-PRIOR] 534
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,956,238
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9,269,152
[AVERAGE-NET-ASSETS] 169,424,780
[PER-SHARE-NAV-BEGIN] 27.88
[PER-SHARE-NII] 00.56
[PER-SHARE-GAIN-APPREC] 13.66
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.81
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 40.17
[EXPENSE-RATIO] 02.01
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000720506
[NAME] SMITH BARNEY AGGRESSIVE GROWTH FUND INC. CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 439,955,011
[INVESTMENTS-AT-VALUE] 818,380,939
[RECEIVABLES] 7,047,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 825,428,403
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14,996,189
[TOTAL-LIABILITIES] 14,996,189
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 393,110,521
[SHARES-COMMON-STOCK] 1,921,921
[SHARES-COMMON-PRIOR] 2,285,682
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,811
[ACCUMULATED-NET-GAINS] 38,846,576
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 378,425,928
[NET-ASSETS] 810,432,214
[DIVIDEND-INCOME] 1,653,832
[INTEREST-INCOME] 230,422
[OTHER-INCOME] 0
[EXPENSES-NET] 9,269,152
[NET-INVESTMENT-INCOME] 7,389,592
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 235,657,971
[NET-CHANGE-FROM-OPS] 267,548,490
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 1,770,758
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,248,662
[NUMBER-OF-SHARES-REDEEMED] 1,669,256
[SHARES-REINVESTED] 56,833
[NET-CHANGE-IN-ASSETS] 268,315,637
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 15,744,999
[OVERDISTRIB-NII-PRIOR] 534
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,956,238
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9,269,152
[AVERAGE-NET-ASSETS] 67,876,022
[PER-SHARE-NAV-BEGIN] 27.91
[PER-SHARE-NII] 00.59
[PER-SHARE-GAIN-APPREC] 13.71
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.81
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 40.22
[EXPENSE-RATIO] 01.97
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000720506
[NAME] SMITH BARNEY AGGRESSIVE GROWTH FUND INC. CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 439,955,011
[INVESTMENTS-AT-VALUE] 818,380,939
[RECEIVABLES] 7,047,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 825,428,403
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14,996,189
[TOTAL-LIABILITIES] 14,996,189
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 393,110,521
[SHARES-COMMON-STOCK] 3,759,314
[SHARES-COMMON-PRIOR] 2,033,626
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,811
[ACCUMULATED-NET-GAINS] 38,846,576
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 378,425,928
[NET-ASSETS] 810,432,214
[DIVIDEND-INCOME] 1,653,832
[INTEREST-INCOME] 230,422
[OTHER-INCOME] 0
[EXPENSES-NET] 9,269,152
[NET-INVESTMENT-INCOME] 7,389,592
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 235,657,971
[NET-CHANGE-FROM-OPS] 267,548,490
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 2,096,904
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,725,792
[NUMBER-OF-SHARES-REDEEMED] 107
[SHARES-REINVESTED] 3
[NET-CHANGE-IN-ASSETS] 268,315,637
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 15,744,999
[OVERDISTRIB-NII-PRIOR] 534
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,956,238
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9,269,152
[AVERAGE-NET-ASSETS] 108,606,846
[PER-SHARE-NAV-BEGIN] 28.84
[PER-SHARE-NII] 00.16
[PER-SHARE-GAIN-APPREC] 14.20
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.81
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 42.07
[EXPENSE-RATIO] 00.84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000720506
[NAME] SMITH BARNEY AGGRESSIVE GROWTH FUND INC. CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 439,955,011
[INVESTMENTS-AT-VALUE] 818,380,939
[RECEIVABLES] 7,047,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 825,428,403
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14,996,189
[TOTAL-LIABILITIES] 14,996,189
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 393,110,521
[SHARES-COMMON-STOCK] 1,022,356
[SHARES-COMMON-PRIOR] 1,056,263
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,811
[ACCUMULATED-NET-GAINS] 38,846,576
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 378,425,928
[NET-ASSETS] 810,432,214
[DIVIDEND-INCOME] 1,653,832
[INTEREST-INCOME] 230,422
[OTHER-INCOME] 0
[EXPENSES-NET] 9,269,152
[NET-INVESTMENT-INCOME] 7,389,592
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 235,657,971
[NET-CHANGE-FROM-OPS] 267,548,490
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 845,018
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 107,263
[NUMBER-OF-SHARES-REDEEMED] 167,718
[SHARES-REINVESTED] 26,548
[NET-CHANGE-IN-ASSETS] 268,315,637
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 15,744,999
[OVERDISTRIB-NII-PRIOR] 534
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,956,238
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9,269,152
[AVERAGE-NET-ASSETS] 36,146,066
[PER-SHARE-NAV-BEGIN] 29.20
[PER-SHARE-NII] 00.20
[PER-SHARE-GAIN-APPREC] 14.41
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.81
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 42.60
[EXPENSE-RATIO] 00.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
SMITH BARNEY AGGRESSIVE GROWTH FUND INC.
10f-3 REPORT
March 1, 1997 through August 31, 1997
% of
Trade Purchase Fund % of
Issuer Date Selling Dealer Shares Price
Assets Issue
Omni Quip 3/20/97 Morgan Stanley 25,000
$14.000 0.0500% 2.73%
Closure Medical Corp. 3/27/97 Lehman Brothers
25,000 12.875 0.0500 1.67
Flagstar Bancorp. 4/30/97 Lehman Brother
30,000 13.000 0.0600 0.60
Rambus Inc. 5/13/97 Morgan Stanley 250
12.000 0.0004 0.41
Amazon Comm. Inc. 5/15/97 Deutsche Morgan
5,000 18.000 0.0100 1.04
Grenfell
Hartford Life 5/21/97 Goldman Sachs 5,000
28.250 0.0200 0.26
Carey Int'l 5/27/97 Montgomery Sec.
25,000 10.500 0.0400 0.86
RyanAir Holdings 5/29/97 Morgan Stanley
500 14.730 0.0010 0.05
Iridium World Comm. 6/9/97 Merrill Lynch 2,000
20.000 0.63 0.02
Polo Ralph Lauren 6/11/97 Goldman Sachs
2,000 26.000 0.09 0.01
Great Plains Software 6/20/97 Goldman Sachs
52,000 16.000 0.25 0.05
Staff Leasing 6/25/97 Lehman Brothers
2,500 17.000 1.00 0.06
Equity Officer Properties 7/7/97 Merrill Lynch
1,000 21.000 0.19 0.00
At Home Network 7/11/97 Morgan Stanley
500 10.000 0.20 0.01
ARM Financial Group Inc. 8/7/97 DLJ 10,000
27.000 0.01 0.09
Dennison Hydraulic 8/7/97 Lehman Brothers
75,000 16.000 1.00 2.00
Ispat Int'l 8/7/97 DLJ 10,000
27.000 0.10 0.05
Gulf Mark Offshore Inc. 8/14/97 Lehman Brothers
15,000 32.000 1.00 1.50
To the Shareholders and Board of Directors of
Smith Barney Aggressive Growth Fund Inc.:
In planning and performing our audit of the financial statements
of Smith Barney Aggressive Growth Fund Inc. (the "Fund") for the
year ended August 31, 1997, we considered its internal control
structure, including procedures for safeguarding securities, in
order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of the Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use or
disposition and that transactions are executed in accordance with
management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, projection of any evaluation of the structure to
future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control
structure that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the
design or operation of the specific internal control structure
elements does not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be material in
relation to the financial statements being audited may occur and
not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted
no matters involving the internal control structure, including
procedures for safeguarding securities, which we consider to be
material weaknesses as defined above as of August 31, 1997.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
October 15, 1997