Independent Auditors' Consent
To the Shareholders and Board of Directors of
Smith Barney Managed Governments Fund Inc.:
We consent to the incorporation by reference, in this
Prospectus and Statement of Additional Information, of
our report dated September 11, 2000, on the statement
of assets and liabilities for the Smith Barney Managed
Governments Fund Inc. (the "Fund") as of July 31, 2000
and the related statement of operations for the year
then ended, the statements of changes in net assets
for each of the years in the two-year period then
ended and the financial highlights for each of the
years in the five-year period then ended. These
financial statements and financial highlights and our
report thereon are included in the Annual Report of
the Fund as filed on Form N-30D.
We also consent to the references to our firm under
the headings "Financial Highlights" in the Prospectus
and "Auditors" in the Statement of Additional
Information.
KPMG
LLP
New York, New York
November 21, 2000
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