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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000748826
[NAME] SMITH BARNEY MANAGED GOVERNMENTS FUND INC - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 678,174,187
[INVESTMENTS-AT-VALUE] 692,885,432
[RECEIVABLES] 4,526,384
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 697,411,816
[PAYABLE-FOR-SECURITIES] 58,842,525
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 832,722
[TOTAL-LIABILITIES] 59,675,247
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 21,173,294
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (11,290,634)
[NET-ASSETS] 637,736,568
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 26,498,975
[OTHER-INCOME] (1,474,664)
[EXPENSES-NET] 3,851,113
[NET-INVESTMENT-INCOME] 21,173,294
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 21,639,283
[NET-CHANGE-FROM-OPS] (105,701)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 16,093,621
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 473,345
[NUMBER-OF-SHARES-REDEEMED] 3,395,519
[SHARES-REINVESTED] 855,379
[NET-CHANGE-IN-ASSETS] (23,977,353)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (3,134,154)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 569,553
[INTEREST-EXPENSE] (1,474,568)
[GROSS-EXPENSE] 3,851,113
[AVERAGE-NET-ASSETS] 511,410
[PER-SHARE-NAV-BEGIN] 12.63
[PER-SHARE-NII] 0.44
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.19
[PER-SHARE-DISTRIBUTIONS] 0.40
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.86
[EXPENSE-RATIO] 1.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000748826
[NAME] SMITH BARNEY MANAGED GOVERNMENTS FUND INC - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 678,174,187
[INVESTMENTS-AT-VALUE] 692,885,432
[RECEIVABLES] 4,526,384
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 697,411,816
[PAYABLE-FOR-SECURITIES] 58,842,525
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 832,722
[TOTAL-LIABILITIES] 59,675,247
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 21,173,294
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (11,290,634)
[NET-ASSETS] 637,736,568
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 26,498,975
[OTHER-INCOME] (1,474,664)
[EXPENSES-NET] 3,851,113
[NET-INVESTMENT-INCOME] 21,173,294
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 21,639,283
[NET-CHANGE-FROM-OPS] (105,701)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,674,890
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 443,825
[NUMBER-OF-SHARES-REDEEMED] 1,421,111
[SHARES-REINVESTED] 208,507
[NET-CHANGE-IN-ASSETS] (23,977,353)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (3,134,154)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 569,553
[INTEREST-EXPENSE] (1,474,568)
[GROSS-EXPENSE] 3,851,113
[AVERAGE-NET-ASSETS] 125,374
[PER-SHARE-NAV-BEGIN] 12.63
[PER-SHARE-NII] 0.42
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.18
[PER-SHARE-DISTRIBUTIONS] 0.37
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.86
[EXPENSE-RATIO] 1.56
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000748826
[NAME] SMITH BARNEY MANAGED GOVERNMENTS FUND INC - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 678,174,187
[INVESTMENTS-AT-VALUE] 692,885,432
[RECEIVABLES] 4,526,384
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 697,411,816
[PAYABLE-FOR-SECURITIES] 58,842,525
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 832,722
[TOTAL-LIABILITIES] 59,675,247
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 0
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 21,173,294
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (11,290,634)
[NET-ASSETS] 637,736,568
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 26,498,975
[OTHER-INCOME] (1,474,664)
[EXPENSES-NET] 3,851,113
[NET-INVESTMENT-INCOME] 21,173,294
[REALIZED-GAINS-CURRENT] 0
[APPREC-INCREASE-CURRENT] 21,639,283
[NET-CHANGE-FROM-OPS] (105,701)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 17,934
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 57,831
[NUMBER-OF-SHARES-REDEEMED] 8,777
[SHARES-REINVESTED] 208,507
[NET-CHANGE-IN-ASSETS] (23,977,353)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (3,134,154)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 569,553
[INTEREST-EXPENSE] (1,474,568)
[GROSS-EXPENSE] 3,851,113
[AVERAGE-NET-ASSETS] 952
[PER-SHARE-NAV-BEGIN] 12.63
[PER-SHARE-NII] 0.42
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.17
[PER-SHARE-DISTRIBUTIONS] 0.37
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.85
[EXPENSE-RATIO] 1.51
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
