SMITH BARNEY SHEARSON MANAGED GOVERNMENTS FUND INC
NSAR-B, 1994-10-13
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SIGNATURE   CHRISTINA HAAGE                              
TITLE       ASSISTANT TREASURER 
 

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE>  6
<SERIES>
              <NUMBER> 0
              <NAME> SBS MANAGED GOVERNMENTS FUND CLASS A
       
<S>                                        <C>
<PERIOD-TYPE>                              12-MOS
<FISCAL-YEAR-END>                          JULY-31-1994
<PERIOD-END>                               JULY-31-1994
<INVESTMENTS-AT-COST>                                        804,524,256
<INVESTMENTS-AT-VALUE>                                       784,612,062
<RECEIVABLES>                                                141,764,347
<ASSETS-OTHER>                                                         0
<OTHER-ITEMS-ASSETS>                                          51,916,758
<TOTAL-ASSETS>                                               978,293,167
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<SENIOR-LONG-TERM-DEBT>                                                0
<OTHER-ITEMS-LIABILITIES>                                     58,221,880
<TOTAL-LIABILITIES>                                          217,752,521
<SENIOR-EQUITY>                                                        0
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<SHARES-COMMON-STOCK>                                         29,693,662
<SHARES-COMMON-PRIOR>                                         34,823,759
<ACCUMULATED-NII-CURRENT>                                              0
<OVERDISTRIBUTION-NII>                                        (4,031,227)
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<OVERDISTRIBUTION-GAINS>                                    (144,198,251)
<ACCUM-APPREC-OR-DEPREC>                                     (20,396,569)
<NET-ASSETS>                                                 760,540,646
<DIVIDEND-INCOME>                                                      0
<INTEREST-INCOME>                                             58,156,713
<OTHER-INCOME>                                                         0
<EXPENSES-NET>                                                12,651,251
<NET-INVESTMENT-INCOME>                                       45,505,462
<REALIZED-GAINS-CURRENT>                                     (12,910,592)
<APPREC-INCREASE-CURRENT>                                    (34,482,577)
<NET-CHANGE-FROM-OPS>                                         (1,887,707)
<EQUALIZATION>                                                         0
<DISTRIBUTIONS-OF-INCOME>                                     19,784,696
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<PER-SHARE-NII>                                                     0.75
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<PER-SHARE-DIVIDEND>                                                0.61
<PER-SHARE-DISTRIBUTIONS>                                           0.00
<RETURNS-OF-CAPITAL>                                                0.19
<PER-SHARE-NAV-END>                                                12.50
<EXPENSE-RATIO>                                                     1.03
<AVG-DEBT-OUTSTANDING>                                              4931
<AVG-DEBT-PER-SHARE>                                                   0



<ARTICLE>  6
<SERIES>
              [NUMBER] 0
              <NAME> SBS MANAGED GOVERNMENTS FUND CLASS B
       
<S>                                        <C>
<PERIOD-TYPE>                              12-MOS
<FISCAL-YEAR-END>                          JULY-31-1994
<PERIOD-END>                               JULY-31-1994
[INVESTMENTS-AT-COST]                                        804,524,256
[INVESTMENTS-AT-VALUE]                                       784,612,062
[RECEIVABLES]                                                141,764,347
[ASSETS-OTHER]                                                         0
[OTHER-ITEMS-ASSETS]                                          51,916,758
[TOTAL-ASSETS]                                               978,293,167
[PAYABLE-FOR-SECURITIES]                                     159,530,641
[SENIOR-LONG-TERM-DEBT]                                                0
[OTHER-ITEMS-LIABILITIES]                                     58,221,880
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[SENIOR-EQUITY]                                                        0
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[REALIZED-GAINS-CURRENT]                                     (12,910,592)
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[NET-CHANGE-FROM-OPS]                                         (1,887,707)
[EQUALIZATION]                                                         0
[DISTRIBUTIONS-OF-INCOME]                                     18,683,840
[DISTRIBUTIONS-OF-GAINS]                                               0
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[OVERDISTRIB-NII-PRIOR]                                       (1,569,028)
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[EXPENSE-RATIO]                                                     1.55
[AVG-DEBT-OUTSTANDING]                                              4931
[AVG-DEBT-PER-SHARE]                                                   0



<ARTICLE>  6
<SERIES>
              [NUMBER] 0
              <NAME> SBS MANAGED GOVERNMENTS FUND CLASS D
       
<S>                                        <C>
<PERIOD-TYPE>                              12-MOS
<FISCAL-YEAR-END>                          JULY-31-1994
<PERIOD-END>                               JULY-31-1994
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[INVESTMENTS-AT-VALUE]                                       784,612,062
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[PAYABLE-FOR-SECURITIES]                                     159,530,641
[SENIOR-LONG-TERM-DEBT]                                                0
[OTHER-ITEMS-LIABILITIES]                                     58,221,880
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[SENIOR-EQUITY]                                                        0
[PAID-IN-CAPITAL-COMMON]                                     929,166,693
[SHARES-COMMON-STOCK]                                              5,788
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[APPREC-INCREASE-CURRENT]                                    (34,482,577)
[NET-CHANGE-FROM-OPS]                                         (1,887,707)
[EQUALIZATION]                                                         0
[DISTRIBUTIONS-OF-INCOME]                                          2,699
[DISTRIBUTIONS-OF-GAINS]                                               0
<DISTRIBUTION-OTHER>                                                 820
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[EXPENSE-RATIO]                                                     1.46
[AVG-DEBT-OUTSTANDING]                                              4931
[AVG-DEBT-PER-SHARE]                                                   0




</TABLE>


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