SMITH BARNEY SHEARSON MANAGED GOVERNMENTS FUND INC
NSAR-A, 1995-03-27
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<PAGE>      PAGE  1
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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> SMITH BARNEY MANAGED GOVERNMENTS FUND CLASS A
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       JUL-31-1994
<PERIOD-END>                            JAN-31-1995
<INVESTMENTS-AT-COST>                                     668,451,752
<INVESTMENTS-AT-VALUE>                                    673,531,198
<RECEIVABLES>                                             164,471,203
<ASSETS-OTHER>                                                      0
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<SENIOR-EQUITY>                                                     0
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<SHARES-COMMON-STOCK>                                      44,639,036
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<OVERDISTRIBUTION-NII>                                     (3,134,154)
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<OVERDISTRIBUTION-GAINS>                                 (191,051,190)
<ACCUM-APPREC-OR-DEPREC>                                    5,079,446
<NET-ASSETS>                                              676,953,282
<DIVIDEND-INCOME>                                                   0
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<OTHER-INCOME>                                                      0
<EXPENSES-NET>                                              4,393,241
<NET-INVESTMENT-INCOME>                                    23,295,479
<REALIZED-GAINS-CURRENT>                                  (46,852,939)
<APPREC-INCREASE-CURRENT>                                  25,476,015
<NET-CHANGE-FROM-OPS>                                       1,918,555
<EQUALIZATION>                                                      0
<DISTRIBUTIONS-OF-INCOME>                                  16,264,143
<DISTRIBUTIONS-OF-GAINS>                                            0
<DISTRIBUTIONS-OTHER>                                               0
<NUMBER-OF-SHARES-SOLD>                                    19,305,857
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<EXPENSE-RATIO>                                                  1.07
<AVG-DEBT-OUTSTANDING>                                              0
<AVG-DEBT-PER-SHARE>                                                0

<ARTICLE>  6
<SERIES>
              [NUMBER] 0
              <NAME> SMITH BARNEY MANAGED GOVERNMENTS FUND CLASS B
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       JUL-31-1994
<PERIOD-END>                            JAN-31-1995
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[AVG-DEBT-PER-SHARE]                                                0

<ARTICLE>  6
<SERIES>
              [NUMBER] 0
              <NAME> SMITH BARNEY MANAGED GOVERNMENTS FUND CLASS C
       
<S>                                     <C>
<PERIOD-TYPE>                           6-MOS
<FISCAL-YEAR-END>                       JUL-31-1994
<PERIOD-END>                            JAN-31-1995
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[SENIOR-LONG-TERM-DEBT]                                             0
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[SENIOR-EQUITY]                                                     0
[PAID-IN-CAPITAL-COMMON]                                  866,059,180
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[SHARES-COMMON-PRIOR]                                           5,788
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[OVERDISTRIBUTION-NII]                                     (3,134,154)
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[NET-CHANGE-IN-ASSETS]                                    (83,587,364)
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</TABLE>


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