<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 721648
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 SMITH BARNEY TELECOMMUNICATIONS TRUST
001 B000000 811-3763
001 C000000 2128166577
002 A000000 388 GREENWICH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10013
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 INCOME
007 C030100 N
007 C010200 2
007 C020200 GROWTH
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SMITH BARNEY
008 B00AA01 S
008 C00AA01 801-14437
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10013
012 A00AA01 FIRST DATA CORP
012 B00AA01 84-9999
012 C01AA01 BOSTON
012 C02AA01 NY
012 C03AA01 02109
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 NEW YORK
013 B02AA01 NY
013 B03AA01 10015
<PAGE> PAGE 2
015 A00AA01 PROVIDENT NATIONAL BANK
015 B00AA01 C
015 C01AA01 PHILIDELPHIA
015 C02AA01 PA
015 C03AA01 19101
015 E01AA01 X
020 A000001 SMITH BARNEY
020 B000001 13-1912900
020 C000001 61761
020 A000002 BOSTON INSTITUTIONAL SVS
020 B000002 13-3147131
020 C000002 15484
020 A000003 PAINE WEBBER
020 B000003 13-2638166
020 C000003 14858
020 A000004 INSTINET
020 B000004 13-3443395
020 C000004 14344
020 A000005 BEAR STERNS
020 B000005 13-3299429
020 C000005 13770
020 A000006 COWEN
020 B000006 13-5616116
020 C000006 12444
020 A000007 DONALDON LUFKIN & JENRETTE
020 B000007 13-2741729
020 C000007 11700
020 A000008 LEHMAN BROTHERS
020 B000008 13-2518466
020 C000008 7050
020 A000009 GORDON HASKETT
020 B000009 06-1367465
020 C000009 7000
020 A000010 MERRILL LYNCH
020 B000010 13-5674085
020 C000010 6000
021 000000 164409
022 A000001 CITIBANK
022 B000001 13-5266470
022 C000001 834197
022 D000001 0
022 A000002 SALOMON BROTHERS
022 B000002 13-3082694
022 C000002 709093
022 D000002 986
022 A000003 BANKERS TRUST
022 B000003 13-4941247
022 C000003 579635
022 D000003 0
022 A000004 MORGAN STANLEY
022 B000004 13-2655998
<PAGE> PAGE 3
022 C000004 115250
022 D000004 0
022 A000005 UBS SECURITIES
022 B000005 13-2932996
022 C000005 60381
022 D000005 2223
022 A000006 SMITH BARNEY
022 B000006 13-1912900
022 C000006 20227
022 D000006 28638
022 A000007 BEAR STEARNS
022 B000007 13-3299429
022 C000007 4015
022 D000007 13410
022 A000008 CHEMICAL SECURITIES
022 B000008 13-5227302
022 C000008 13874
022 D000008 0
022 A000009 INSTINET
022 B000009 13-2443395
022 C000009 5008
022 D000009 5545
022 A000010 MONTGOMERY SECURITIES
022 B000010 94-1701676
022 C000010 6075
022 D000010 0
023 C000000 2347755
023 D000000 50802
027 000000 Y
077 A000000 N
080 A00AA00 FIDELITY BOND/ICI MUTUAL INSURANCE
080 C00AA00 78275
081 A00AA00 Y
081 B00AA00 114
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
<PAGE> PAGE 4
086 E020000 0
086 F010000 0
086 F020000 0
024 000100 N
028 A010100 0
028 A020100 0
028 A030100 0
028 A040100 411
028 B010100 0
028 B020100 0
028 B030100 0
028 B040100 253
028 C010100 0
028 C020100 0
028 C030100 0
028 C040100 335
028 D010100 0
028 D020100 339
028 D030100 0
028 D040100 465
028 E010100 0
028 E020100 1946
028 E030100 0
028 E040100 396
028 F010100 5
028 F020100 360
028 F030100 0
028 F040100 352
028 G010100 5
028 G020100 2645
028 G030100 0
028 G040100 2212
028 H000100 0
029 000100 N
030 A000100 0
030 B000100 0.00
030 C000100 0.00
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
<PAGE> PAGE 5
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 C000100 Y
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
071 A000100 0
071 B000100 11019
071 C000100 70282
071 D000100 0
072 A000100 12
072 B000100 58
072 C000100 2785
072 D000100 0
072 E000100 0
072 F000100 374
072 G000100 136
072 H000100 0
072 I000100 20
072 J000100 14
072 K000100 0
072 L000100 23
072 M000100 22
072 N000100 0
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 0
072 S000100 25
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 32
072 X000100 646
072 Y000100 0
072 Z000100 2197
072AA000100 7813
072BB000100 0
072CC010100 61674
072CC020100 0
072DD010100 2199
072DD020100 0
072EE000100 7066
073 A010100 3.5800
073 A020100 0.0000
073 B000100 11.5000
073 C000100 0.0000
<PAGE> PAGE 6
074 A000100 0
074 B000100 328
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 73495
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 1513
074 K000100 226
074 L000100 0
074 M000100 0
074 N000100 75562
074 O000100 0
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 721
074 S000100 0
074 T000100 74841
074 U010100 625299
074 U020100 0
074 V010100 119.69
074 V020100 0.00
074 W000100 0.0000
074 X000100 0
074 Y000100 0
075 A000100 0
075 B000100 67927
076 000100 0.00
028 A010200 583
028 A020200 0
028 A030200 0
028 A040200 1429
028 B010200 656
028 B020200 0
028 B030200 0
028 B040200 1259
028 C010200 2498
028 C020200 0
028 C030200 0
028 C040200 2961
028 D010200 199
028 D020200 0
028 D030200 0
028 D040200 1522
028 E010200 204
028 E020200 1113
<PAGE> PAGE 7
028 E030200 0
028 E040200 1734
028 F010200 202
028 F020200 0
028 F030200 0
028 F040200 2663
028 G010200 4342
028 G020200 1113
028 G030200 0
028 G040200 11568
028 H000200 0
029 000200 N
030 A000200 0
030 B000200 0.00
030 C000200 0.00
034 000200 Y
035 000200 785
036 A000200 Y
036 B000200 0
037 000200 N
038 000200 0
039 000200 Y
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 100
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 0
043 000200 1941
044 000200 0
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
<PAGE> PAGE 8
062 R000200 0.0
066 A000200 Y
066 D000200 Y
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
071 A000200 65391
071 B000200 120833
071 C000200 242390
071 D000200 27
072 A000200 12
072 B000200 552
072 C000200 2090
072 D000200 0
072 E000200 0
072 F000200 1393
072 G000200 507
072 H000200 0
072 I000200 432
072 J000200 41
072 K000200 0
072 L000200 50
072 M000200 18
072 N000200 90
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 0
072 S000200 39
072 T000200 1941
072 U000200 0
072 V000200 0
072 W000200 24
072 X000200 4535
072 Y000200 0
072 Z000200 -1893
072AA000200 21753
072BB000200 0
072CC010200 14438
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 3981
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.2100
073 C000200 0.0000
074 A000200 0
074 B000200 5231
074 C000200 0
<PAGE> PAGE 9
074 D000200 0
074 E000200 0
074 F000200 220421
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 6487
074 K000200 0
074 L000200 462
074 M000200 0
074 N000200 232601
074 O000200 4511
074 P000200 0
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 854
074 S000200 0
074 T000200 227236
074 U010200 18075
074 U020200 0
074 V010200 12.57
074 V020200 0.00
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 254368
076 000200 0.00
SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 1
[NAME] GROWTH FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 211,213,859
[INVESTMENTS-AT-VALUE] 225,652,384
[RECEIVABLES] 6,948,116
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 232,600,500
[PAYABLE-FOR-SECURITIES] 4,510,777
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 855,068
[TOTAL-LIABILITIES] 5,365,845
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 5,590,074
[SHARES-COMMON-PRIOR] 7,047,820
[ACCUMULATED-NII-CURRENT] (1,893,489)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8,594,004
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 14,438,525
[NET-ASSETS] 227,235,519
[DIVIDEND-INCOME] 2,089,953
[INTEREST-INCOME] 551,582
[OTHER-INCOME] 0
[EXPENSES-NET] 4,535,024
[NET-INVESTMENT-INCOME] (1,893,489)
[REALIZED-GAINS-CURRENT] 21,753,455
[APPREC-INCREASE-CURRENT] (637,997)
[NET-CHANGE-FROM-OPS] 19,221,909
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 1,227,899
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 439,191
[NUMBER-OF-SHARES-REDEEMED] 1,986,028
[SHARES-REINVESTED] 89,091
[NET-CHANGE-IN-ASSETS] (58,055,097)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (7,505,910)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 107,406
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,535,024
[AVERAGE-NET-ASSETS] 79,256,869
[PER-SHARE-NAV-BEGIN] 11,91
[PER-SHARE-NII] (0.03)
[PER-SHARE-GAIN-APPREC] 1.04
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.21)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.71
[EXPENSE-RATIO] 1.27
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 1
[NAME] GROWTH FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 211,213,859
[INVESTMENTS-AT-VALUE] 225,652,384
[RECEIVABLES] 6,948,116
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 232,600,500
[PAYABLE-FOR-SECURITIES] 4,510,777
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 855,068
[TOTAL-LIABILITIES] 5,365,845
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 12,409,796
[SHARES-COMMON-PRIOR] 15,740,770
[ACCUMULATED-NII-CURRENT] (1,893,489)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8,594,004
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 14,438,525
[NET-ASSETS] 227,235,519
[DIVIDEND-INCOME] 2,089,953
[INTEREST-INCOME] 551,582
[OTHER-INCOME] 0
[EXPENSES-NET] 4,535,024
[NET-INVESTMENT-INCOME] (1,893,489)
[REALIZED-GAINS-CURRENT] 21,753,455
[APPREC-INCREASE-CURRENT] (637,997)
[NET-CHANGE-FROM-OPS] 19,221,909
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 2,735,242
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,428,073
[NUMBER-OF-SHARES-REDEEMED] 4,973,188
[SHARES-REINVESTED] 214,141
[NET-CHANGE-IN-ASSETS] (58,055,097)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (7,505,910)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 107,406
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,535,024
[AVERAGE-NET-ASSETS] 174,448,631
[PER-SHARE-NAV-BEGIN] 11.82
[PER-SHARE-NII] (0.12)
[PER-SHARE-GAIN-APPREC] 1.02
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.21)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.51
[EXPENSE-RATIO] 2.02
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 1
[NAME] GROWTH FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 211,213,859
[INVESTMENTS-AT-VALUE] 225,652,384
[RECEIVABLES] 6,948,116
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 232,600,500
[PAYABLE-FOR-SECURITIES] 4,510,777
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 855,068
[TOTAL-LIABILITIES] 5,365,845
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 75,121
[SHARES-COMMON-PRIOR] 12,601
[ACCUMULATED-NII-CURRENT] (1,893,489)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8,594,004
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 14,438,525
[NET-ASSETS] 227,235,519
[DIVIDEND-INCOME] 2,089,953
[INTEREST-INCOME] 551,582
[OTHER-INCOME] 0
[EXPENSES-NET] 4,535,024
[NET-INVESTMENT-INCOME] (1,893,489)
[REALIZED-GAINS-CURRENT] 21,753,455
[APPREC-INCREASE-CURRENT] (637,997)
[NET-CHANGE-FROM-OPS] 19,221,909
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 17,623
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 76,994
[NUMBER-OF-SHARES-REDEEMED] 15,863
[SHARES-REINVESTED] 1,389
[NET-CHANGE-IN-ASSETS] (58,055,097)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (7,505,910)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 107,406
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,535,024
[AVERAGE-NET-ASSETS] 662,009
[PER-SHARE-NAV-BEGIN] 12.00
[PER-SHARE-NII] (0.13)
[PER-SHARE-GAIN-APPREC] 1.05
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.21)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.71
[EXPENSE-RATIO] 2.02
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
[NUMBER] 2
[NAME] INCOME FUND
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 15,968,417
[INVESTMENTS-AT-VALUE] 73,822,542
[RECEIVABLES] 1,739,164
[ASSETS-OTHER] 61
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 75,561,767
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 720,979
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 625,299
[SHARES-COMMON-PRIOR] 640,586
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 2,842,796
[ACCUMULATED-NET-GAINS] 1,168,044
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 61,674,156
[NET-ASSETS] 227,235,519
[DIVIDEND-INCOME] 2,786,516
[INTEREST-INCOME] 58,117
[OTHER-INCOME] (1,838)
[EXPENSES-NET] 646,002
[NET-INVESTMENT-INCOME] 2,842,796
[REALIZED-GAINS-CURRENT] 7,813,425
[APPREC-INCREASE-CURRENT] 14,357,375
[NET-CHANGE-FROM-OPS] 24,367,594
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,198,544
[DISTRIBUTIONS-OF-GAINS] 7,065,562
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 45,522
[SHARES-REINVESTED] 30,235
[NET-CHANGE-IN-ASSETS] 13,584,990
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 373,600
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 646,002
[AVERAGE-NET-ASSETS] 67,927,370
[PER-SHARE-NAV-BEGIN] 95.62
[PER-SHARE-NII] 3.57
[PER-SHARE-GAIN-APPREC] 35.58
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (15.08)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 119.69
[EXPENSE-RATIO] 0.95
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
