SMITH BARNEY SHEARSON TELECOMMUNICATIONS TRUST
NSAR-A, 1997-08-15
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<PAGE>      PAGE  1
000 A000000 06/30/97
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 Y
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      3
020 A000002 AUTRANET
020 B000002 13-3488904
020 C000002      1
020 A000003 LEHMAN BROTHERS
020 B000003 13-2518466
020 C000003      1
020 A000004 GLAZER
020 B000004 N/A
020 C000004      1
020 A000005 PAINE WEBBER
020 B000005 13-2638166
020 C000005      1
020 C000006      0
020 C000007      0
020 C000008      0
020 C000009      0
020 C000010      0
021  000000        7
022 A000001 CHASE SECURITIES
022 B000001 13-3112953
022 C000001     60166
022 D000001         0
022 A000002 GOLDMAN SACHS
022 B000002 13-5108880
022 C000002      1039
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<PAGE>      PAGE  3
023 C000000      61205
023 D000000          0
027  000000 Y
077 A000000 N
080 A00AA00 FIDELITY BOND/ICI MUTUAL INSURANCE
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081 A00AA00 Y
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<PAGE>      PAGE  4
028 F030100         0
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039  000100 N
040  000100 N
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<PAGE>      PAGE  5
048 H020100 0.000
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066 A000100 Y
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067  000100 N
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069  000100 N
070 A010100 Y
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070 B020100 N
070 C010100 N
070 C020100 N
070 D010100 N
070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
<PAGE>      PAGE  6
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 N
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 N
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE>      PAGE  7
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073 A010100   1.4200
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076  000100     0.00
028 A010200      2163
028 A020200         0
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028 B010200      6282
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028 B040200     13875
028 C010200      5332
028 C020200         0
<PAGE>      PAGE  8
028 C030200         0
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028 D010200      3259
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028 G010200     20912
028 G020200         0
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028 H000200     11183
029  000200 Y
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030 B000200  5.26
030 C000200  0.00
031 A000200      0
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032  000200      0
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034  000200 Y
035  000200    405
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039  000200 Y
040  000200 Y
041  000200 Y
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042 E000200   0
042 F000200   0
042 G000200   0
042 H000200   0
043  000200    804
044  000200      0
045  000200 Y
046  000200 N
047  000200 Y
048  000200  0.550
048 A010200        0
<PAGE>      PAGE  9
048 A020200 0.000
048 B010200        0
048 B020200 0.000
048 C010200        0
048 C020200 0.000
048 D010200        0
048 D020200 0.000
048 E010200        0
048 E020200 0.000
048 F010200        0
048 F020200 0.000
048 G010200        0
048 G020200 0.000
048 H010200        0
048 H020200 0.000
048 I010200        0
048 I020200 0.000
048 J010200        0
048 J020200 0.000
048 K010200        0
048 K020200 0.000
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
062 R000200   0.0
066 A000200 Y
066 D000200 Y
067  000200 N
068 A000200 N
068 B000200 N
069  000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 N
070 C020200 N
<PAGE>      PAGE  10
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200     33356
071 B000200    130560
071 C000200    195626
071 D000200   17
072 A000200  6
072 B000200      406
072 C000200      534
072 D000200        0
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072 F000200      584
072 G000200      212
072 H000200        0
072 I000200       59
072 J000200       24
072 K000200        0
072 L000200       13
072 M000200        9
072 N000200       11
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072 Q000200        0
<PAGE>      PAGE  11
072 R000200       24
072 S000200        0
072 T000200      804
072 U000200        0
072 V000200        0
072 W000200      187
072 X000200     1927
072 Y000200        0
072 Z000200     -987
072AA000200    13505
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072CC020200        0
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072DD020200        0
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074 D000200        0
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074 F000200   141234
074 G000200        0
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074 N000200   193801
074 O000200     1572
074 P000200        0
074 Q000200        0
074 R010200      273
074 R020200        0
074 R030200        0
074 R040200        0
074 S000200        0
074 T000200   191956
074 U010200     4654
074 U020200     9394
074 V010200    13.79
074 V020200    13.51
074 W000200   0.0000
074 X000200       23
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075 A000200        0
<PAGE>      PAGE  12
075 B000200    31065
076  000200     0.00
SIGNATURE   THOMAS M. REYNOLDS                           
TITLE       CONTROLLER          
 


[ARTICLE] 6
[CIK] 0000721648
[NAME] SMITH BARNEY TELECOMMUNICATIONS TRUST
[SERIES]
   [NUMBER] 1
   [NAME] INCOME
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               JUN-30-1997
[INVESTMENTS-AT-COST]                       12,897,684
[INVESTMENTS-AT-VALUE]                      68,255,048
[RECEIVABLES]                                  371,898
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              68,626,946
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      201,665
[TOTAL-LIABILITIES]                            201,665
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                     8,834,662
[SHARES-COMMON-STOCK]                          562,299
[SHARES-COMMON-PRIOR]                          602,017
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         (9,891)
[ACCUMULATED-NET-GAINS]                      4,243,146
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    55,357,364
[NET-ASSETS]                                68,425,281
[DIVIDEND-INCOME]                            1,088,125
[INTEREST-INCOME]                               11,773
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 297,195
[NET-INVESTMENT-INCOME]                        802,703
[REALIZED-GAINS-CURRENT]                     3,369,310
[APPREC-INCREASE-CURRENT]                    6,419,829
[NET-CHANGE-FROM-OPS]                       10,591,842
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      812,594
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                     42,381
[SHARES-REINVESTED]                              2,663
[NET-CHANGE-IN-ASSETS]                       5,443,711
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                      873,836
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          175,498
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                297,195
[AVERAGE-NET-ASSETS]                        64,552,789
[PER-SHARE-NAV-BEGIN]                           104.62
[PER-SHARE-NII]                                 001.40
[PER-SHARE-GAIN-APPREC]                         017.09
[PER-SHARE-DIVIDEND]                            001.42
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                             121.69
[EXPENSE-RATIO]                                 000.93
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>



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