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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 9
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 2
[NAME] TELECOMMUNICATION GROWTH CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 170,964,100
[INVESTMENTS-AT-VALUE] 189,915,375
[RECEIVABLES] 3,884,243
[ASSETS-OTHER] 1,773
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 193,801,391
[PAYABLE-FOR-SECURITIES] 1,571,970
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[OTHER-ITEMS-LIABILITIES] 272,620
[TOTAL-LIABILITIES] 1,844,590
[SENIOR-EQUITY] 0
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[SHARES-COMMON-STOCK] 4,653,6921
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[OVERDISTRIBUTION-NII] (986,965)
[ACCUMULATED-NET-GAINS] 22,098,904
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 18,951,275
[NET-ASSETS] 191,956,801
[DIVIDEND-INCOME] 533,721
[INTEREST-INCOME] 406,273
[OTHER-INCOME] 0
[EXPENSES-NET] 1,926,959
[NET-INVESTMENT-INCOME] (986,965)
[REALIZED-GAINS-CURRENT] 13,504,900
[APPREC-INCREASE-CURRENT] 4,512,750
[NET-CHANGE-FROM-OPS] 17,030,684
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 833,386
[NUMBER-OF-SHARES-REDEEMED] (1,769,768)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (35,278,718)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 8,594,004
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 796,253
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,926,959
[AVERAGE-NET-ASSETS] 60,160,126
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[PER-SHARE-NII] (00.02)
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[PER-SHARE-NAV-END] 13.79
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[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 2
[NAME] TELECOMMUNICATION GROWTH CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 170,964,100
[INVESTMENTS-AT-VALUE] 189,915,375
[RECEIVABLES] 3,884,243
[ASSETS-OTHER] 1,773
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 193,801,391
[PAYABLE-FOR-SECURITIES] 1,571,970
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 272,620
[TOTAL-LIABILITIES] 1,844,590
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 151,893,587
[SHARES-COMMON-STOCK] 9,394,434
[SHARES-COMMON-PRIOR] 12,409,796
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (986,965)
[ACCUMULATED-NET-GAINS] 22,098,904
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 18,951,275
[NET-ASSETS] 191,956,801
[DIVIDEND-INCOME] 533,721
[INTEREST-INCOME] 406,273
[OTHER-INCOME] 0
[EXPENSES-NET] 1,926,959
[NET-INVESTMENT-INCOME] (986,965)
[REALIZED-GAINS-CURRENT] 13,504,900
[APPREC-INCREASE-CURRENT] 4,512,750
[NET-CHANGE-FROM-OPS] 17,030,684
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
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[NUMBER-OF-SHARES-SOLD] 700,446
[NUMBER-OF-SHARES-REDEEMED] (3,715,808)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (35,278,718)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 8,594,004
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[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 796,253
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,926,959
[AVERAGE-NET-ASSETS] 125,353,983
[PER-SHARE-NAV-BEGIN] 12.51
[PER-SHARE-NII] (00.08)
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[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.51
[EXPENSE-RATIO] 02.08
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 2
[NAME] TELECOMMUNICATION GROWTH CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 170,964,100
[INVESTMENTS-AT-VALUE] 189,915,375
[RECEIVABLES] 3,884,243
[ASSETS-OTHER] 1,773
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 193,801,391
[PAYABLE-FOR-SECURITIES] 1,571,970
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 272,620
[TOTAL-LIABILITIES] 1,844,590
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 151,893,587
[SHARES-COMMON-STOCK] 62,705
[SHARES-COMMON-PRIOR] 75,121
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (986,965)
[ACCUMULATED-NET-GAINS] 22,098,904
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 18,951,275
[NET-ASSETS] 191,956,801
[DIVIDEND-INCOME] 533,721
[INTEREST-INCOME] 406,273
[OTHER-INCOME] 0
[EXPENSES-NET] 1,926,959
[NET-INVESTMENT-INCOME] (986,965)
[REALIZED-GAINS-CURRENT] 13,504,900
[APPREC-INCREASE-CURRENT] 4,512,750
[NET-CHANGE-FROM-OPS] 17,030,684
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 38,049
[NUMBER-OF-SHARES-REDEEMED] (50,465)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (35,278,718)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 8,594,004
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 796,253
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,926,959
[AVERAGE-NET-ASSETS] 875,657
[PER-SHARE-NAV-BEGIN] 12.71
[PER-SHARE-NII] (00.08)
[PER-SHARE-GAIN-APPREC] 01.10
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.73
[EXPENSE-RATIO] 02.08
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 1
[NAME] TELECOMMUNICATION INCOME
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 17,071,406
[INVESTMENTS-AT-VALUE] 69,159,110
[RECEIVABLES] 101,469
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 69,260,579
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,482,089
[TOTAL-LIABILITIES] 1,482,089
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 13,696,909
[SHARES-COMMON-STOCK] 606,965
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 96,110
[ACCUMULATED-NET-GAINS] 2,089,887
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 52,087,704
[NET-ASSETS] 67,778,490
[DIVIDEND-INCOME] 1,173,095
[INTEREST-INCOME] 0
[OTHER-INCOME] 0
[EXPENSES-NET] 329,184
[NET-INVESTMENT-INCOME] 875,898
[REALIZED-GAINS-CURRENT] 2,112,810
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 972,008
[DISTRIBUTIONS-OF-GAINS] 1,190,867
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 22,566
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (7,062,298)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 1,168,044
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 193,147
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 329,184
[AVERAGE-NET-ASSETS] 70,541
[PER-SHARE-NAV-BEGIN] 119.69
[PER-SHARE-NII] 001.44
[PER-SHARE-GAIN-APPREC] (05.93)
[PER-SHARE-DIVIDEND] 001.60
[PER-SHARE-DISTRIBUTIONS] 001.93
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 111.67
[EXPENSE-RATIO] 000.94
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
