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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 609,105,161
[INVESTMENTS-AT-VALUE] 620,319,315
[RECEIVABLES] 341,322
[ASSETS-OTHER] 5,010,168
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 62,567,005
[PAYABLE-FOR-SECURITIES] 49,213
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 33,152,405
[TOTAL-LIABILITIES] 33,201,618
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 649,067,224
[SHARES-COMMON-STOCK] 34,495,195
[SHARES-COMMON-PRIOR] 37,046,411
[ACCUMULATED-NII-CURRENT] 1,069,518
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (66,790,151)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 11,214,154
[NET-ASSETS] 592,469,187
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 22,023,371
[OTHER-INCOME] 0
[EXPENSES-NET] 3,320,697
[NET-INVESTMENT-INCOME] 18,702,674
[REALIZED-GAINS-CURRENT] 2,864,143
[APPREC-INCREASE-CURRENT] 8,167,957
[NET-CHANGE-FROM-OPS] 29,734,774
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 14,833,881
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,591,367
[NUMBER-OF-SHARES-REDEEMED] 4,815,255
[SHARES-REINVESTED] 672,672
[NET-CHANGE-IN-ASSETS] (1,386,938)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (3,500)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,391,902
[INTEREST-EXPENSE] 439,005
[GROSS-EXPENSE] 1,489,790
[AVERAGE-NET-ASSETS] 446,106,797
[PER-SHARE-NAV-BEGIN] 12.27
[PER-SHARE-NII] 00.42
[PER-SHARE-GAIN-APPREC] 00.21
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.48
[EXPENSE-RATIO] 01.03
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 609,105,161
[INVESTMENTS-AT-VALUE] 620,319,315
[RECEIVABLES] 341,322
[ASSETS-OTHER] 5,010,168
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 62,567,005
[PAYABLE-FOR-SECURITIES] 49,213
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 33,152,405
[TOTAL-LIABILITIES] 33,201,618
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 649,067,224
[SHARES-COMMON-STOCK] 8,318,578
[SHARES-COMMON-PRIOR] 9,021,160
[ACCUMULATED-NII-CURRENT] 1,069,518
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (66,790,151)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 11,214,154
[NET-ASSETS] 592,469,187
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 22,023,371
[OTHER-INCOME] 0
[EXPENSES-NET] 3,320,697
[NET-INVESTMENT-INCOME] 18,702,674
[REALIZED-GAINS-CURRENT] 2,864,143
[APPREC-INCREASE-CURRENT] 8,167,957
[NET-CHANGE-FROM-OPS] 29,734,774
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,323,301
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 382,563
[NUMBER-OF-SHARES-REDEEMED] 1,226,811
[SHARES-REINVESTED] 141,666
[NET-CHANGE-IN-ASSETS] (1,386,938)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (3,500)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,391,902
[INTEREST-EXPENSE] 439,005
[GROSS-EXPENSE] 1,489,790
[AVERAGE-NET-ASSETS] 108,256,363
[PER-SHARE-NAV-BEGIN] 12.27
[PER-SHARE-NII] 00.38
[PER-SHARE-GAIN-APPREC] 00.21
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.48
[EXPENSE-RATIO] 01.56
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 609,105,161
[INVESTMENTS-AT-VALUE] 620,319,315
[RECEIVABLES] 341,322
[ASSETS-OTHER] 5,010,168
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 62,567,005
[PAYABLE-FOR-SECURITIES] 49,213
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 33,152,405
[TOTAL-LIABILITIES] 33,201,618
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 649,067,224
[SHARES-COMMON-STOCK] 114,139
[SHARES-COMMON-PRIOR] 100,934
[ACCUMULATED-NII-CURRENT] 1,069,518
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (66,790,151)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 11,214,154
[NET-ASSETS] 592,469,187
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 22,023,371
[OTHER-INCOME] 0
[EXPENSES-NET] 3,320,697
[NET-INVESTMENT-INCOME] 18,702,674
[REALIZED-GAINS-CURRENT] 2,864,143
[APPREC-INCREASE-CURRENT] 8,167,957
[NET-CHANGE-FROM-OPS] 29,734,774
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 43,184
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 34,189
[NUMBER-OF-SHARES-REDEEMED] 23,083
[SHARES-REINVESTED] 2,099
[NET-CHANGE-IN-ASSETS] (1,386,938)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (3,500)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,391,902
[INTEREST-EXPENSE] 439,005
[GROSS-EXPENSE] 1,489,790
[AVERAGE-NET-ASSETS] 1,383,813
[PER-SHARE-NAV-BEGIN] 12.27
[PER-SHARE-NII] 00.38
[PER-SHARE-GAIN-APPREC] 00.21
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.47
[EXPENSE-RATIO] 01.52
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000748826
[NAME] SMITH BARNEY MANAGED GOVERNMENTS FUND INC. CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 609,105,161
[INVESTMENTS-AT-VALUE] 620,319,315
[RECEIVABLES] 341,322
[ASSETS-OTHER] 5,010,168
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 62,567,005
[PAYABLE-FOR-SECURITIES] 49,213
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 33,152,405
[TOTAL-LIABILITIES] 33,201,618
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 649,067,224
[SHARES-COMMON-STOCK] 4,550,224
[SHARES-COMMON-PRIOR] 2,219,224
[ACCUMULATED-NII-CURRENT] 1,069,518
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (66,790,151)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 11,214,154
[NET-ASSETS] 592,469,187
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 22,023,371
[OTHER-INCOME] 0
[EXPENSES-NET] 3,320,697
[NET-INVESTMENT-INCOME] 18,702,674
[REALIZED-GAINS-CURRENT] 2,864,143
[APPREC-INCREASE-CURRENT] 8,167,957
[NET-CHANGE-FROM-OPS] 29,734,774
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,568,325
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,331,000
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (1,386,938)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (3,500)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,391,902
[INTEREST-EXPENSE] 439,005
[GROSS-EXPENSE] 1,489,790
[AVERAGE-NET-ASSETS] 43,466,977
[PER-SHARE-NAV-BEGIN] 12.27
[PER-SHARE-NII] 00.44
[PER-SHARE-GAIN-APPREC] 00.21
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.48
[EXPENSE-RATIO] 00.64
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
