SMITH BARNEY CALIFORNIA MUNICIPALS FUND INC.
Supplement dated July 9, 1998
to the Prospectus dated June 26, 1998
The following information supplements, and to the extent
inconsistent therewith, supercedes the information contained in
the Prospectus under "Prospectus Summary."
EXAMPLE
The following example is intended to assist an investor in
understanding the various costs that an investor in the Fund will
bear directly or indirectly. The example assumes payment by the
Fund of operating expenses. See "Purchase of Shares," "Redemption
of Shares" and "Management of the Fund" in the accompanying
Prospectus for more information.
1 year 3 years 5 years 10 years
An investor would pay the following
expenses on a $1,000 investment,
assuming (1) 5.00% annual return and
(2) redemption at the end of each time
period:
Class L 33 50 78 161
An investor would pay the following
Expenses on the same investment, assuming
the same annual return and no redemption:
Class L 23 50 78 161
The example also provides a means for the investor to compare
expense levels of funds with different fee structures over varying
investment periods. To facilitate such comparison, all funds are
required to utilize a 5.00% annual return assumption. However, the
Fund's actual return will vary and may be greater or less than
5.00%. This example should not be considered a representation of
past or future expenses and actual expenses may be greater or less
than those shown.
FD 01512
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