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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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<PAGE> PAGE 7
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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-31-1998
[PERIOD-END] JAN-31-1998
[INVESTMENTS-AT-COST] 531,902,731
[INVESTMENTS-AT-VALUE] 648,003,241
[RECEIVABLES] 2,926,272
[ASSETS-OTHER] 19,825
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 650,949,338
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 98,980,855
[TOTAL-LIABILITIES] 551,968,483
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 560,785,406
[SHARES-COMMON-STOCK] 30,206,471
[SHARES-COMMON-PRIOR] 32,290,057
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 235,055
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16,100,510
[NET-ASSETS] 551,968,483
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 20,416,968
[OTHER-INCOME] 0
[EXPENSES-NET] 3,045,516
[NET-INVESTMENT-INCOME] 17,371,452
[REALIZED-GAINS-CURRENT] 22,809,122
[APPREC-INCREASE-CURRENT] (20,126,814)
[NET-CHANGE-FROM-OPS] 20,053,760
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 12,452,612
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 6,650,591
[NUMBER-OF-SHARES-REDEEMED] 9,279,206
[SHARES-REINVESTED] 545,029
[NET-CHANGE-IN-ASSETS] (48,870,201)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 927,389
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,278,888
[INTEREST-EXPENSE] 292,831
[GROSS-EXPENSE] 3,045,516
[AVERAGE-NET-ASSETS] 398,473,778
[PER-SHARE-NAV-BEGIN] 12.84
[PER-SHARE-NII] 00.40
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 00.40
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.91
[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-31-1998
[PERIOD-END] JAN-31-1998
[INVESTMENTS-AT-COST] 531,902,731
[INVESTMENTS-AT-VALUE] 648,003,241
[RECEIVABLES] 2,926,272
[ASSETS-OTHER] 19,825
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 650,949,338
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 98,980,855
[TOTAL-LIABILITIES] 551,968,483
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 560,785,406
[SHARES-COMMON-STOCK] 6,644,555
[SHARES-COMMON-PRIOR] 7,535,886
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 235,055
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16,100,510
[NET-ASSETS] 551,968,483
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 20,416,968
[OTHER-INCOME] 0
[EXPENSES-NET] 3,045,516
[NET-INVESTMENT-INCOME] 17,371,452
[REALIZED-GAINS-CURRENT] 22,809,122
[APPREC-INCREASE-CURRENT] (20,126,814)
[NET-CHANGE-FROM-OPS] 20,053,760
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,561,838
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 233,233
[NUMBER-OF-SHARES-REDEEMED] 1,231,189
[SHARES-REINVESTED] 106,625
[NET-CHANGE-IN-ASSETS] (48,870,201)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 927,389
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,278,888
[INTEREST-EXPENSE] 292,831
[GROSS-EXPENSE] 3,045,516
[AVERAGE-NET-ASSETS] 89,063,828
[PER-SHARE-NAV-BEGIN] 12.84
[PER-SHARE-NII] 00.36
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 00.37
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.90
[EXPENSE-RATIO] 01.55
[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-31-1998
[PERIOD-END] JAN-31-1998
[INVESTMENTS-AT-COST] 531,902,731
[INVESTMENTS-AT-VALUE] 648,003,241
[RECEIVABLES] 2,926,272
[ASSETS-OTHER] 19,825
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 650,949,338
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 98,980,855
[TOTAL-LIABILITIES] 551,968,483
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 560,785,406
[SHARES-COMMON-STOCK] 188,577
[SHARES-COMMON-PRIOR] 145,307
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 235,055
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16,100,510
[NET-ASSETS] 551,968,483
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 20,416,968
[OTHER-INCOME] 0
[EXPENSES-NET] 3,045,516
[NET-INVESTMENT-INCOME] 17,371,452
[REALIZED-GAINS-CURRENT] 22,809,122
[APPREC-INCREASE-CURRENT] (20,126,814)
[NET-CHANGE-FROM-OPS] 20,053,760
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 61,886
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 55,772
[NUMBER-OF-SHARES-REDEEMED] 15,222
[SHARES-REINVESTED] 2,720
[NET-CHANGE-IN-ASSETS] (48,870,201)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 927,389
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,278,888
[INTEREST-EXPENSE] 292,831
[GROSS-EXPENSE] 3,045,516
[AVERAGE-NET-ASSETS] 2,090,527
[PER-SHARE-NAV-BEGIN] 12.84
[PER-SHARE-NII] 00.36
[PER-SHARE-GAIN-APPREC] 00.08
[PER-SHARE-DIVIDEND] 00.37
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.91
[EXPENSE-RATIO] 01.49
[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-31-1998
[PERIOD-END] JAN-31-1998
[INVESTMENTS-AT-COST] 531,902,731
[INVESTMENTS-AT-VALUE] 648,003,241
[RECEIVABLES] 2,926,272
[ASSETS-OTHER] 19,825
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 650,949,338
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 98,980,855
[TOTAL-LIABILITIES] 551,968,483
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 560,785,406
[SHARES-COMMON-STOCK] 5,727,538
[SHARES-COMMON-PRIOR] 6,634,456
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 235,055
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 16,100,510
[NET-ASSETS] 551,968,483
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 20,416,968
[OTHER-INCOME] 0
[EXPENSES-NET] 3,045,516
[NET-INVESTMENT-INCOME] 17,371,452
[REALIZED-GAINS-CURRENT] 22,809,122
[APPREC-INCREASE-CURRENT] (20,126,814)
[NET-CHANGE-FROM-OPS] 20,053,760
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,215,421
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,649,191
[NUMBER-OF-SHARES-REDEEMED] 2,556,109
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (48,870,201)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 927,389
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,278,888
[INTEREST-EXPENSE] 292,831
[GROSS-EXPENSE] 3,045,516
[AVERAGE-NET-ASSETS] 78,426,237
[PER-SHARE-NAV-BEGIN] 12.84
[PER-SHARE-NII] 00.42
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 00.42
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.91
[EXPENSE-RATIO] 00.68
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>