<PAGE> PAGE 1
000 B000000 12/31/97
000 C000000 0000074575
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 SALOMON BROTHERS INVESTORS FUND INC
001 B000000 811-805
001 C000000 2127837483
002 A000000 7 WORLD TRADE CENTER, 38TH FLOOOR
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10048
002 D020000 1102
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
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 A000001 SALOMON BROTHERS ASSET MANAGEMENT INC
008 B000001 A
008 C000001 801-32046
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10048
010 A000001 INVESTORS BANK & TRUST COMPANY
010 C010001 BOSTON
010 C020001 MA
010 C030001 02111
012 A000001 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B000001 84-01761
012 C010001 BOSTON
012 C020001 MA
012 C030001 02205
012 C040001 9109
013 A000001 PRICE WATERHOUSE LLP
013 B010001 NEW YORK
<PAGE> PAGE 2
013 B020001 NY
013 B030001 10036
014 A000001 SALOMON BROTHERS INC
014 B000001 8-26920
015 A000001 INVESTORS BANK & TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
015 A000002 CITIBANK
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10043
015 E040002 X
015 A000003 NATIONAL AUSTRALIA BANK LIMITED
015 B000003 S
015 C010003 MELBOURNE
015 D010003 AUSTRALIA
015 E040003 X
015 A000004 EUROCLEAR
015 B000004 S
015 C010004 BRUSSELS
015 D010004 BELGIUM
015 E040004 X
015 A000005 BANK OF BOSTON
015 B000005 S
015 C010005 BOSTON
015 C020005 MA
015 C030005 02110
015 E040005 X
015 A000006 STANDARD CHARTERED BANK
015 B000006 S
015 C010006 LONDON
015 D010006 UNITED KINGDOM
015 E040006 X
015 A000007 STANDARD BANK OF SOUTH AFRICA
015 B000007 S
015 C010007 JOHANNESBURG
015 D010007 SOUTH AFRICA
015 E040007 X
015 A000008 BARCLAYS BANK
015 B000008 S
015 C010008 LONDON
015 D010008 UNITED KINGDOM
015 E040008 X
015 A000009 ROYAL TRUST CORPORATION OF CANADA
015 B000009 S
015 C010009 TORONTO
015 D010009 CANADA
<PAGE> PAGE 3
015 E040009 X
015 A000010 STATE BANK OF INDIA
015 B000010 S
015 C010010 BOMBAY
015 D010010 INDIA
015 E040010 X
015 A000011 CHASE MANHATTAN BANK
015 B000011 S
015 C010011 NEW YORK
015 C020011 NY
015 C030011 11245
015 E040011 X
015 A000012 BANK OF IRELAND
015 B000012 S
015 C010012 DUBLIN
015 D010012 IRELAND
015 D020012 2
015 E040012 X
015 A000013 BANCOMER S.A.
015 B000013 S
015 C010013 MEXICO CITY
015 D010013 MEXICO
015 D020013 03339
015 E040013 X
015 A000014 CREDITANSTALT BANKVEREIN
015 B000014 S
015 C010014 VIENNA
015 D010014 AUSTRIA
015 E040014 X
015 A000015 MEESPIERSON
015 B000015 S
015 C010015 AMSTERDAM
015 D010015 THE NETHERLANDS
015 E040015 X
015 A000016 SVENSKA HANDELSBANKEN
015 B000016 S
015 C010016 STOCKHOLM
015 D010016 SWEDEN
015 E040016 X
015 A000017 BANK LEU LIMITED
015 B000017 S
015 C010017 ZURICH
015 D010017 SWITZERLAND
015 E040017 X
015 A000018 FIRST CHICAGO CLEARING CENTRE
015 B000018 S
015 C010018 LONDON
015 D010018 UNITED KINGDOM
015 E040018 X
018 000000 Y
019 A000000 Y
<PAGE> PAGE 4
019 B000000 10
019 C000000 SALOMONFDS
020 A000001 SALOMON BROTHERS INC.
020 B000001 13-3082694
020 C000001 69
020 A000002 JEFFRIES & COMPANY INC
020 B000002 94-1737782
020 C000002 65
020 A000003 JONES AND ASSOCIATES,INC.
020 B000003 95-3583143
020 C000003 58
020 A000004 BEAR STEARNS & CO INC
020 B000004 13-4946705
020 C000004 51
020 A000005 LYNCH JONES & RYAN
020 B000005 13-3356934
020 C000005 50
020 A000006 GOLDMAN SACHS & CO
020 B000006 13-5108880
020 C000006 48
020 A000007 MORGAN STANLEY
020 B000007 13-2655998
020 C000007 47
020 A000008 SC BERNSTEIN
020 B000008 13-2625874
020 C000008 43
020 A000009 MERRILL LYNCH PIERCE, FENNER & SMITH INC
020 B000009 13-5674085
020 C000009 39
020 A000010 SMITH BARNEY INC
020 B000010 13-1912900
020 C000010 39
021 000000 924
022 A000001 JP MORGAN SECURITIES INC
022 B000001 13-3224016
022 C000001 7447661
022 D000001 0
022 A000002 UBS SECURITIES
022 B000002 13-3873456
022 C000002 2008216
022 D000002 0
022 A000003 MERRILL LYNCH, PIERCE, FENNER & SMITH
022 B000003 13-5674085
022 C000003 1327826
022 D000003 19145
022 A000004 GOLDMAN SACHS & CO
022 B000004 13-5108880
022 C000004 17734
022 D000004 20594
022 A000005 MORGAN STANLEY
022 B000005 13-2655988
<PAGE> PAGE 5
022 C000005 10984
022 D000005 4183
022 A000006 SMITH BARNEY INC.
022 B000006 13-1912900
022 C000006 10128
022 D000006 4735
022 A000007 LEHMAN BROTHERS
022 B000007 13-2518466
022 C000007 3536
022 D000007 9489
022 A000008 PERSHING DIVISION OF DLJ
022 B000008 13-5315200
022 C000008 7441
022 D000008 4599
022 A000009 BEAR STEARNS AND CO.
022 B000009 13-4946705
022 C000009 8182
022 D000009 0
022 A000010 FIRST BOSTON
022 B000010 13-5659485
022 C000010 5287
022 D000010 770
023 C000000 10883869
023 D000000 92017
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
028 A010000 6900
028 A020000 2915
028 A030000 0
028 A040000 3837
028 B010000 7103
028 B020000 0
028 B030000 0
028 B040000 3849
<PAGE> PAGE 6
028 C010000 7203
028 C020000 0
028 C030000 0
028 C040000 3320
028 D010000 5548
028 D020000 0
028 D030000 0
028 D040000 4787
028 E010000 4796
028 E020000 56180
028 E030000 0
028 E040000 3820
028 F010000 4746
028 F020000 0
028 F030000 0
028 F040000 5254
028 G010000 36296
028 G020000 59095
028 G030000 0
028 G040000 24867
028 H000000 6474
029 000000 Y
030 A000000 620
030 B000000 4.75
030 C000000 0.00
031 A000000 6
031 B000000 0
032 000000 614
033 000000 0
034 000000 Y
035 000000 62
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 N
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 242
045 000000 Y
046 000000 N
047 000000 N
<PAGE> PAGE 7
048 000000 0.000
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 Y
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
058 B000000 N
058 C000000 N
058 D000000 N
<PAGE> PAGE 8
058 E000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 500
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 N
066 D000000 Y
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 Y
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
<PAGE> PAGE 9
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 403454
071 B000000 375139
071 C000000 604524
071 D000000 62
072 A000000 12
072 B000000 2634
072 C000000 9264
072 D000000 0
072 E000000 0
072 F000000 3361
072 G000000 0
072 H000000 0
072 I000000 462
072 J000000 75
072 K000000 0
072 L000000 196
072 M000000 63
072 N000000 34
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 93
072 S000000 169
072 T000000 478
072 U000000 0
072 V000000 0
072 W000000 38
072 X000000 4969
072 Y000000 0
072 Z000000 6929
<PAGE> PAGE 10
072AA000000 101576
072BB000000 15087
072CC010000 55513
072CC020000 0
072DD010000 395
072DD020000 6570
072EE000000 74524
073 A010000 0.0000
073 A020000 0.0000
073 B000000 2.3800
073 C000000 0.0000
074 A000000 0
074 B000000 43055
074 C000000 0
074 D000000 0
074 E000000 2695
074 F000000 686407
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 853
074 K000000 0
074 L000000 1091
074 M000000 26
074 N000000 734127
074 O000000 5428
074 P000000 1112
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 594
074 S000000 0
074 T000000 726993
074 U010000 2705
074 U020000 31715
074 V010000 0.00
074 V020000 0.00
074 W000000 0.0000
074 X000000 21428
074 Y000000 0
075 A000000 0
075 B000000 648776
076 000000 0.00
077 A000000 Y
077 B000000 Y
077 O000000 Y
077 Q010000 Y
078 000000 N
080 A000000 GULF INSURANCE CO
080 C000000 16400
<PAGE> PAGE 11
081 A000000 Y
081 B000000 24
082 A000000 Y
082 B000000 25
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 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
086 E020000 0
086 F010000 0
086 F020000 0
SIGNATURE ALAN MANDEL
TITLE TREASURER
SALOMON BROTHERS INVESTORS FUND
PURCHASE PURSUANT TO
RULE 10f-3 OF ICA
NAME OF STOCK: Glenborough Realty Trust
DATE OF PURCHASE: July 10, 1997
NUMBER OF SHARES PURCHASED: 110,200
AGGREGATE PURCHASE PRICE: $2,493,275
PRICE PER SHARE: $22.625
UNDERWRITING SPREAD: $1.12
% GROSS UNDERWRITING SPREAD: 4.95%
SHARES OFFERED: 6,300,000
TOTAL OFFERING: $142,537,500
4% OF OFFERING: $5,701,500
3% OF TOTAL ASSETS: $20,564,673(3% of 685,489,107)
BROKER: Bear Stearns
Note: A total of 147,700 shares was purchased by funds in the Salomon Brothers
complex for an aggregate purchase price of $3,341,713.
The above purchase was made in accordance with the procedures adopted by the
Board of Directors pursuant to Rule 10(f)3 of the Investment Company Act of
1940, as amended.
Underwriters
Bear, Stearns & Co., Inc.
Robertson, Stephens & Company LLC
Salomon Brothers Inc
Jefferies & Company, Inc.
<PAGE>
SALOMON BROTHERS INVESTORS FUND
PURCHASE PURSUANT TO
RULE 10f-3 OF ICA
NAME OF STOCK: Glenborough Realty Trust
DATE OF PURCHASE: October 10, 1997
NUMBER OF SHARES PURCHASED: 88,300
AGGREGATE PURCHASE PRICE: $2,207,500
PRICE PER SHARE: $25.00
UNDERWRITING SPREAD: $1.275
% GROSS UNDERWRITING SPREAD: 5.10%
SHARES OFFERED: 10,000,000
TOTAL OFFERING: $250,000,000
4% OF OFFERING: $10,000,000
3% OF TOTAL ASSETS: $22,403,306(3% of 746,776,864)
BROKER: Bear Stearns
McDonald
Note: A total of 103,300 shares was purchased by funds in the Salomon Brothers
complex for an aggregate purchase price of $2,582,500.
The above purchase was made in accordance with the procedures adopted by the
Board of Directors pursuant to Rule 10(f)3 of the Investment Company Act of
1940, as amended.
Underwriters
Bear, Stearns & Co., Inc.
Salomon Brothers Inc
Smith Barney Inc.
BancAmerica Robertson Stephens
Jefferies & Company, Inc.
McDonald & Company Securities, Inc.
<PAGE>
SALOMON BROTHERS INVESTORS FUND
PURCHASE PURSUANT TO
RULE 10f-3 OF ICA
NAME OF STOCK: Virgin Express Holdings
DATE OF PURCHASE: November 13, 1997
NUMBER OF SHARES PURCHASED: 39,000
AGGREGATE PURCHASE PRICE: $585,000
PRICE PER SHARE: $15.00
UNDERWRITING SPREAD: $.90
% GROSS UNDERWRITING SPREAD: 6.00%
SHARES OFFERED: 2,140,000
TOTAL OFFERING: $96,300,000
25% OF OFFERING: $24,075,000
BROKER: Merrill Lynch
Note: A total of 49,200 shares was purchased by funds in the Salomon Brothers
complex for an aggregate purchase price of $738,000.
The above purchase was made in accordance with the procedures adopted by the
Board of Directors pursuant to Rule 10(f)3 of the Investment Company Act of
1940, as amended.
Underwriters
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Credit Suisse First Boston Corporation
Salomon Brothers Inc
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Paine Webber Incorporated
The Robinson - Humphrey Company LLC
Smith Barney Inc.
Merrill Lynch International
Credit Suisse First Boston (Europe) Limited
Petercam S.A./N.V.
Salomon Brothers International Limited
<PAGE>
SALOMON BROTHERS INVESTORS FUND
PURCHASE PURSUANT TO
RULE 10f-3 OF ICA
NAME OF STOCK: The CIT Group
DATE OF PURCHASE: November 13, 1997
NUMBER OF SHARES PURCHASED: 27,400
AGGREGATE PURCHASE PRICE: $739,800
PRICE PER SHARE: $27.00
UNDERWRITING SPREAD: $1.35
% GROSS UNDERWRITING SPREAD: 5.00%
SHARES OFFERED: 31,500,000
TOTAL OFFERING: $850,500,000
25% OF OFFERING: $212,625,000
BROKER: JP Morgan
Note: A total of 99,400 shares was purchased by funds in the Salomon Brothers
complex for an aggregate purchase price of $2,683,800.
The above purchase was made in accordance with the procedures adopted by the
Board of Directors pursuant to Rule 10(f)3 of the Investment Company Act of
1940, as amended.
Underwriters
J.P. Morgan Securities Inc.
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Credit Suisse First Boston Corporation
Lehman Brothers Inc.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Salomon Brothers Inc
UBS Securities LLC
Bear, Stearns & Co., Inc.
BT Alex. Brown Incorporated
Chase Securities, Inc.
CIBC Oppenheimer Corp
Donaldson, Lufkin & Jenrette Securities Corporation
Dresdner Kleinwort Benson North America LLC
SBC Warburg Dillon Read Inc.
Charles Schwab & Co., Inc.
Chatsworth Securities LLC
Gruntal & Co. LLC
Kankaku Securities (America), Inc.
Nesbitt Burns Securities Inc.
Piper Jaffray Inc.
RBC Dominion Securities Corporation
Scotia Capital Markets (USA) Inc.
<PAGE>
SALOMON BROTHERS INVESTORS FUND
PURCHASE PURSUANT TO
RULE 10f-3 OF ICA
NAME OF STOCK: AMF Bowling
DATE OF PURCHASE: November 3, 1997
NUMBER OF SHARES PURCHASED: 39,000
AGGREGATE PURCHASE PRICE: $760,500
PRICE PER SHARE: $19.50
UNDERWRITING SPREAD: $1.22
% GROSS UNDERWRITING SPREAD: 6.26%
SHARES OFFERED: 13,500,000
TOTAL OFFERING: $263,250,000
25% OF OFFERING: $65,812,500
BROKER: Goldman Sachs
Note: A total of 49,200 shares was purchased by funds in the Salomon Brothers
complex for an aggregate purchase price of $959,400.
The above purchase was made in accordance with the procedures adopted by the
Board of Directors pursuant to Rule 10(f)3 of the Investment Company Act of
1940, as amended.
Underwriters
Goldman, Sachs & Co.
Morgan Stanley & Co. Incorporated
Cowen & Company
Schroder & Co. Inc.
CIBC Oppenheimer Corp
A.G. Edwards & Sons, Inc.
EVEREN Securities, Inc.
Paine Webber Incorporated
Salomon Brothers Inc
Smith Barney, Inc.
Wasserstein Perella Securities, Inc.
Wheat First Butcher Singer
Advest, Inc.
Dain Bosworth Incorporated
Davenport & Co. Incorporated
Gruntal & Co., L.L.C
Interstate/Johnson Lane Corporation
Jefferies & Company, Inc.
Edward D. Jones & Co., L.P.
Ladenburg, Thalman & Co., Inc.
McDonald & Company Securities, Inc.
Principal Financial Securities, Inc.
Raymond James & Associates, Inc.
Roney & Co., LLC
Scott & Stringfellow, Inc.
Stephens, Inc.
Tucker Anthony Incorporated
<PAGE>
SALOMON BROTHERS INVESTORS FUND
PURCHASE PURSUANT TO
RULE 10f-3 OF ICA
NAME OF STOCK: Teligent
DATE OF PURCHASE: November 21, 1997
NUMBER OF SHARES PURCHASED: 3,900
AGGREGATE PURCHASE PRICE: $83,850
PRICE PER SHARE: $21.50
UNDERWRITING SPREAD: $1.40
% GROSS UNDERWRITING SPREAD: 6.51%
SHARES OFFERED: 5,500,000
TOTAL OFFERING: $118,250,000
25% OF OFFERING: $29,562,500
BROKER: Merrill Lynch
Note: A total of 4,900 shares was purchased by funds in the Salomon Brothers
complex for an aggregate purchase price of $105,350.
The above purchase was made in accordance with the procedures adopted by the
Board of Directors pursuant to Rule 10(f)3 of the Investment Company Act of
1940, as amended.
Underwriters
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Salomon Brothers Inc
Bear, Stearns & Co., Inc.
Goldman, Sachs & Co.
CIBC Oppenheimer Corp
EVEREN Securities, Inc.
Friedman, Billings, Ramsey & Co., Inc.
Furman Selz LLC
Lazard Freres & Co. LLC
Legg Mason Wood Walker Incorporated
Lehman Brothers Inc.
Morgan Stanley & Co. Incorporated
NationsBanc Montgomery Securities, Inc.
Paine Webber Incorporated
Prime Charter LTD
SBC Capital Markets Inc.
SBC Warburg Dillon Read Inc.
Smith Barney, Inc.
UBS Securities LLC
Arnhold & S. Bleichroeder, Inc.
Robert W. Baird & Co. Incorporated
George K. Baum & Company
Cowen & Company
Gabelli & Company, Inc.
Janney Montgomery Scott Inc.
Parker / Hunter Incorporated
Brad Peery Inc.
Scott & Stringfellow, Inc.
SoundView Financial Group, Inc.
Wheat First Securities, Inc.
February 23, 1998
To the Shareholders and Board of Directors of
Salomon Brothers Investors Fund Inc
In planning and performing our audit of the financial statements of Salomon
Brothers Investors Fund Inc (the "Fund") for the year ended December 31, 1997,
we considered its internal control, including control activities 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 internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
control activities. Generally, control activities that are relevant to an audit
pertain to the entity's objective of preparing financial statements for external
purposes that are fairly presented in conformity with generally accepted
accounting principles. Those control activities include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or irregularities
may occur and not be detected. Also, projection of any evaluation of internal
control 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 internal control would not necessarily disclose all matters
in internal control 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 any
specific internal control components 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 internal control,
including control activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of December 31, 1997.
This report is intended solely for the information and use of management and the
Board of Directors of the Fund and the Securities and Exchange Commission.
PRICE WATERHOUSE LLP
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Salomon Brothers Investors Fund Inc
form N-SAR for the period ended December 31, 1997
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 01
<NAME> Salomon Brothers Investors Fund Inc Class A
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 505,409,514
<INVESTMENTS-AT-VALUE> 732,157,426
<RECEIVABLES> 1,943,560
<ASSETS-OTHER> 25,767
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 734,126,753
<PAYABLE-FOR-SECURITIES> 5,428,326
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,705,576
<TOTAL-LIABILITIES> 7,133,902
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 482,444,752
<SHARES-COMMON-STOCK> 2,705,397
<SHARES-COMMON-PRIOR> 577,173
<ACCUMULATED-NII-CURRENT> 164,292
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,635,725
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 226,748,082
<NET-ASSETS> 57,105,293
<DIVIDEND-INCOME> 500,233
<INTEREST-INCOME> 142,240
<OTHER-INCOME> 0
<EXPENSES-NET> 339,956
<NET-INVESTMENT-INCOME> 302,517
<REALIZED-GAINS-CURRENT> 4,336,363
<APPREC-INCREASE-CURRENT> 2,765,949
<NET-CHANGE-FROM-OPS> 7,404,829
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 394,641
<DISTRIBUTIONS-OF-GAINS> 5,343,337
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,135,627
<NUMBER-OF-SHARES-REDEEMED> 278,167
<SHARES-REINVESTED> 270,764
<NET-CHANGE-IN-ASSETS> 46,200,313
<ACCUMULATED-NII-PRIOR> 2,113
<ACCUMULATED-GAINS-PRIOR> 5,869,408
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,360,670
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,136
<AVERAGE-NET-ASSETS> 35,757,364
<PER-SHARE-NAV-BEGIN> 18.89
<PER-SHARE-NII> 0.16
<PER-SHARE-GAIN-APPREC> 4.64
<PER-SHARE-DIVIDEND> (0.20)
<PER-SHARE-DISTRIBUTIONS> (2.38)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.11
<EXPENSE-RATIO> 0.95
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Salomon Brothers Investors Fund Inc
form N-SAR for the period ended December 31, 1997
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 02
<NAME> Salomon Brothers Investors Fund Inc Class B
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 505,409,514
<INVESTMENTS-AT-VALUE> 732,157,426
<RECEIVABLES> 1,943,560
<ASSETS-OTHER> 25,767
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 734,126,753
<PAYABLE-FOR-SECURITIES> 5,428,326
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,705,576
<TOTAL-LIABILITIES> 7,133,902
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 482,444,752
<SHARES-COMMON-STOCK> 2,370,932
<SHARES-COMMON-PRIOR> 500,214
<ACCUMULATED-NII-CURRENT> 164,292
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,635,725
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 226,748,082
<NET-ASSETS> 49,785,608
<DIVIDEND-INCOME> 444,652
<INTEREST-INCOME> 126,435
<OTHER-INCOME> 0
<EXPENSES-NET> 531,498
<NET-INVESTMENT-INCOME> 39,589
<REALIZED-GAINS-CURRENT> 3,955,135
<APPREC-INCREASE-CURRENT> 2,416,511
<NET-CHANGE-FROM-OPS> 6,411,235
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 127,662
<DISTRIBUTIONS-OF-GAINS> 4,567,031
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,807,337
<NUMBER-OF-SHARES-REDEEMED> 147,459
<SHARES-REINVESTED> 210,840
<NET-CHANGE-IN-ASSETS> 40,352,585
<ACCUMULATED-NII-PRIOR> 2,113
<ACCUMULATED-GAINS-PRIOR> 5,869,408
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,360,670
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,136
<AVERAGE-NET-ASSETS> 31,276,902
<PER-SHARE-NAV-BEGIN> 18.86
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 4.58
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (2.38)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.00
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Salomon Brothers Investors Fund Inc
form N-SAR for the period ended December 31, 1997
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 03
<NAME> Salomon Brothers Investors Fund Inc Class C
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 505,409,514
<INVESTMENTS-AT-VALUE> 732,157,426
<RECEIVABLES> 1,943,560
<ASSETS-OTHER> 25,767
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 734,126,753
<PAYABLE-FOR-SECURITIES> 5,428,326
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,705,576
<TOTAL-LIABILITIES> 7,133,902
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 482,444,752
<SHARES-COMMON-STOCK> 557,056
<SHARES-COMMON-PRIOR> 103,835
<ACCUMULATED-NII-CURRENT> 164,292
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,635,725
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 226,748,082
<NET-ASSETS> 11,701,161
<DIVIDEND-INCOME> 111,163
<INTEREST-INCOME> 31,609
<OTHER-INCOME> 0
<EXPENSES-NET> 129,535
<NET-INVESTMENT-INCOME> 13,237
<REALIZED-GAINS-CURRENT> 974,721
<APPREC-INCREASE-CURRENT> 605,520
<NET-CHANGE-FROM-OPS> 1,593,478
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 31,038
<DISTRIBUTIONS-OF-GAINS> 1,068,601
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 439,633
<NUMBER-OF-SHARES-REDEEMED> 38,639
<SHARES-REINVESTED> 52,227
<NET-CHANGE-IN-ASSETS> 9,742,369
<ACCUMULATED-NII-PRIOR> 2,113
<ACCUMULATED-GAINS-PRIOR> 5,869,408
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,360,670
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,136
<AVERAGE-NET-ASSETS> 7,619,987
<PER-SHARE-NAV-BEGIN> 18.86
<PER-SHARE-NII> 0.04
<PER-SHARE-GAIN-APPREC> 4.59
<PER-SHARE-DIVIDEND> (0.10)
<PER-SHARE-DISTRIBUTIONS> (2.38)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.01
<EXPENSE-RATIO> 1.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from Salomon Brothers Investors Fund Inc
form N-SAR for the period ended December 31, 1997
and is qualified in its entirety by reference to
such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 04
<NAME> Salomon Brothers Investors Fund Inc Class O
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-END> DEC-31-1997
<INVESTMENTS-AT-COST> 505,409,514
<INVESTMENTS-AT-VALUE> 732,157,426
<RECEIVABLES> 1,943,560
<ASSETS-OTHER> 25,767
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 734,126,753
<PAYABLE-FOR-SECURITIES> 5,428,326
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,705,576
<TOTAL-LIABILITIES> 7,133,902
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 482,444,752
<SHARES-COMMON-STOCK> 28,786,802
<SHARES-COMMON-PRIOR> 27,430,775
<ACCUMULATED-NII-CURRENT> 164,292
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 17,835,789
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 226,748,082
<NET-ASSETS> 608,400,789
<DIVIDEND-INCOME> 8,207,534
<INTEREST-INCOME> 2,333,781
<OTHER-INCOME> 0
<EXPENSES-NET> 3,967,757
<NET-INVESTMENT-INCOME> 6,573,558
<REALIZED-GAINS-CURRENT> 77,222,539
<APPREC-INCREASE-CURRENT> 49,725,433
<NET-CHANGE-FROM-OPS> 133,521,530
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6,411,465
<DISTRIBUTIONS-OF-GAINS> 63,545,388
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 327,714
<NUMBER-OF-SHARES-REDEEMED> 1,648,238
<SHARES-REINVESTED> 2,676,551
<NET-CHANGE-IN-ASSETS> 90,039,758
<ACCUMULATED-NII-PRIOR> 2,113
<ACCUMULATED-GAINS-PRIOR> 5,869,408
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,360,670
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,491,136
<AVERAGE-NET-ASSETS> 574,121,716
<PER-SHARE-NAV-BEGIN> 18.90
<PER-SHARE-NII> 0.24
<PER-SHARE-GAIN-APPREC> 4.60
<PER-SHARE-DIVIDEND> (0.23)
<PER-SHARE-DISTRIBUTIONS> (2.38)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.13
<EXPENSE-RATIO> 0.69
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0.00
</TABLE>
