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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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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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072 F000600 418
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074 A000600 0
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<PAGE> PAGE 22
074 L000600 848
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074 V020600 0.00
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074 X000600 0
074 Y000600 0
075 A000600 0
075 B000600 83514
076 000600 0.00
083 A000600 N
083 B000600 0
084 A000600 N
084 B000600 0
085 A000600 N
085 B000600 N
028 A010800 32224
028 A020800 3789
028 A030800 0
028 A040800 40753
028 B010800 56961
028 B020800 0
028 B030800 0
028 B040800 25025
028 C010800 37307
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028 D030800 0
028 D040800 17323
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028 E030800 0
028 E040800 38302
028 F010800 26378
028 F020800 7381
028 F030800 0
<PAGE> PAGE 23
028 F040800 14982
028 G010800 213900
028 G020800 22160
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028 G040800 163315
028 H000800 14938
029 000800 Y
030 A000800 593
030 B000800 4.50
030 C000800 0.00
031 A000800 0
031 B000800 0
032 000800 0
033 000800 593
034 000800 Y
035 000800 921
036 A000800 Y
036 B000800 0
037 000800 N
038 000800 0
039 000800 N
040 000800 Y
041 000800 N
042 A000800 0
042 B000800 0
042 C000800 0
042 D000800 0
042 E000800 0
042 F000800 0
042 G000800 0
042 H000800 0
043 000800 0
044 000800 0
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.500
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
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048 F020800 0.000
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048 G020800 0.000
<PAGE> PAGE 24
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
054 A000800 Y
054 B000800 Y
054 C000800 Y
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 Y
054 H000800 Y
054 I000800 N
054 J000800 Y
054 K000800 N
054 L000800 Y
054 M000800 Y
054 N000800 N
054 O000800 N
055 A000800 N
055 B000800 N
056 000800 N
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 1000
062 A000800 Y
062 B000800 0.0
062 C000800 0.0
062 D000800 9.7
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<PAGE> PAGE 25
062 O000800 0.0
062 P000800 84.0
062 Q000800 5.0
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063 A000800 0
063 B000800 7.1
064 A000800 N
064 B000800 N
066 A000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 N
070 B020800 N
070 C010800 Y
070 C020800 Y
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 Y
070 H010800 N
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 N
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 Y
070 N010800 Y
070 N020800 N
070 O010800 Y
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 729828
071 B000800 598753
<PAGE> PAGE 26
071 C000800 831194
071 D000800 72
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072 B000800 91425
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<PAGE> PAGE 27
074 M000800 7
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074 Y000800 0
075 A000800 0
075 B000800 330178
076 000800 0.00
083 A000800 N
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084 A000800 N
084 B000800 0
085 A000800 N
085 B000800 N
028 A010900 43736
028 A020900 5918
028 A030900 0
028 A040900 78971
028 B010900 20636
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028 F040900 41587
<PAGE> PAGE 28
028 G010900 109501
028 G020900 33624
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029 000900 Y
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030 B000900 5.26
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032 000900 0
033 000900 228
034 000900 Y
035 000900 3399
036 A000900 Y
036 B000900 0
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038 000900 0
039 000900 N
040 000900 Y
041 000900 Y
042 A000900 0
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043 000900 12152
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045 000900 Y
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047 000900 Y
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<PAGE> PAGE 29
048 H020900 0.000
048 I010900 0
048 I020900 0.000
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048 K020900 0.000
062 A000900 Y
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062 D000900 0.2
062 E000900 0.0
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062 H000900 0.0
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062 J000900 0.0
062 K000900 0.0
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062 O000900 0.0
062 P000900 41.0
062 Q000900 0.0
062 R000900 58.6
063 A000900 0
063 B000900 29.4
066 A000900 Y
066 D000900 Y
067 000900 Y
068 A000900 N
068 B000900 N
069 000900 N
070 A010900 Y
070 A020900 Y
070 B010900 Y
070 B020900 N
070 C010900 N
070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 N
070 G020900 N
070 H010900 N
070 H020900 N
070 I010900 Y
070 I020900 N
<PAGE> PAGE 30
070 J010900 Y
070 J020900 N
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 N
070 M010900 Y
070 M020900 N
070 N010900 Y
070 N020900 N
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 N
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 994405
071 B000900 1134975
071 C000900 1723302
071 D000900 54
072 A000900 12
072 B000900 62018
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<PAGE> PAGE 31
072CC020900 3455
072DD010900 90695
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074 A000900 0
074 B000900 6402
074 C000900 0
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074 E000900 650294
074 F000900 929892
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074 L000900 16581
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074 O000900 4627
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074 R040900 2723
074 S000900 0
074 T000900 1610123
074 U010900 110993
074 U020900 0
074 V010900 14.51
074 V020900 0.00
074 W000900 0.0000
074 X000900 0
074 Y000900 0
075 A000900 0
075 B000900 1787215
076 000900 0.00
083 A000900 N
083 B000900 0
084 A000900 N
084 B000900 0
085 A000900 N
085 B000900 N
028 A011000 47844
028 A021000 9875
028 A031000 0
028 A041000 37375
<PAGE> PAGE 32
028 B011000 44373
028 B021000 0
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028 D041000 45464
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029 001000 Y
030 A001000 792
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030 C001000 0.00
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<PAGE> PAGE 33
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050 001000 N
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052 001000 N
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066 A001000 N
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068 A001000 N
<PAGE> PAGE 34
068 B001000 N
069 001000 N
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070 I011000 N
070 I021000 N
070 J011000 Y
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070 M011000 Y
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070 R011000 N
070 R021000 N
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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SIGNATURE THOMAS REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 1
[NAME] PREMIUM TOTAL RETURN CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,259,369,699
[INVESTMENTS-AT-VALUE] 2,653,557,534
[RECEIVABLES] 9,216,550
[ASSETS-OTHER] 737
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,662,774,821
[PAYABLE-FOR-SECURITIES] 25,436,899
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 37,974,406
[TOTAL-LIABILITIES] 63,411,305
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,137,747,734
[SHARES-COMMON-STOCK] 30,700,2796
[SHARES-COMMON-PRIOR] 28,881,893
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (126,375,833)
[ACCUMULATED-NET-GAINS] 181,827,478
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 406,164,137
[NET-ASSETS] 2,599,363,516
[DIVIDEND-INCOME] 56,374,841
[INTEREST-INCOME] 22,784,773
[OTHER-INCOME] 2,226,997
[EXPENSES-NET] 36,555,268
[NET-INVESTMENT-INCOME] 44,831,343
[REALIZED-GAINS-CURRENT] 183,041,217
[APPREC-INCREASE-CURRENT] 88,232,117
[NET-CHANGE-FROM-OPS] 316,104,677
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 38,039,471
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4,407,887
[NUMBER-OF-SHARES-REDEEMED] 1,719,698
[SHARES-REINVESTED] 4,309,199
[NET-CHANGE-IN-ASSETS] 459,688,336
[ACCUMULATED-NII-PRIOR] 319,650
[ACCUMULATED-GAINS-PRIOR] (1,213,739)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,381,076
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 36,555,268
[AVERAGE-NET-ASSETS] 509,622,725
[PER-SHARE-NAV-BEGIN] 16.33
[PER-SHARE-NII] 00.39
[PER-SHARE-GAIN-APPREC] 02.07
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 01.39
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.40
[EXPENSE-RATIO] 01.12
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 1
[NAME] PREMIUM TOTAL RETURN CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,259,369,699
[INVESTMENTS-AT-VALUE] 2,653,557,534
[RECEIVABLES] 9,216,550
[ASSETS-OTHER] 737
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,662,774,821
[PAYABLE-FOR-SECURITIES] 25,436,899
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 37,974,406
[TOTAL-LIABILITIES] 63,411,305
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,137,747,734
[SHARES-COMMON-STOCK] 116,123,502
[SHARES-COMMON-PRIOR] 101,367,578
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (126,375,833)
[ACCUMULATED-NET-GAINS] 181,827,478
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 406,164,137
[NET-ASSETS] 2,599,363,516
[DIVIDEND-INCOME] 56,374,841
[INTEREST-INCOME] 22,784,773
[OTHER-INCOME] 2,226,997
[EXPENSES-NET] 36,555,268
[NET-INVESTMENT-INCOME] 44,831,343
[REALIZED-GAINS-CURRENT] 183,041,217
[APPREC-INCREASE-CURRENT] 88,232,117
[NET-CHANGE-FROM-OPS] 316,104,677
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 131,635,056
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 74,401,892
[NUMBER-OF-SHARES-REDEEMED] 29,658,966
[SHARES-REINVESTED] 74,624,179
[NET-CHANGE-IN-ASSETS] 459,688,336
[ACCUMULATED-NII-PRIOR] 319,650
[ACCUMULATED-GAINS-PRIOR] (1,213,739)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,381,076
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 36,555,268
[AVERAGE-NET-ASSETS] 1,878,612,076
[PER-SHARE-NAV-BEGIN] 16.33
[PER-SHARE-NII] 00.30
[PER-SHARE-GAIN-APPREC] 02.07
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 01.30
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.40
[EXPENSE-RATIO] 01.62
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 1
[NAME] PREMIUM TOTAL RETURN CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,259,369,699
[INVESTMENTS-AT-VALUE] 2,653,557,534
[RECEIVABLES] 9,216,550
[ASSETS-OTHER] 737
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,662,774,821
[PAYABLE-FOR-SECURITIES] 25,436,899
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 37,974,406
[TOTAL-LIABILITIES] 63,411,305
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,137,747,734
[SHARES-COMMON-STOCK] 1,783,030
[SHARES-COMMON-PRIOR] 792,180
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (126,375,833)
[ACCUMULATED-NET-GAINS] 181,827,478
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 406,164,137
[NET-ASSETS] 2,599,363,516
[DIVIDEND-INCOME] 56,374,841
[INTEREST-INCOME] 22,784,773
[OTHER-INCOME] 2,226,997
[EXPENSES-NET] 36,555,268
[NET-INVESTMENT-INCOME] 44,831,343
[REALIZED-GAINS-CURRENT] 183,041,217
[APPREC-INCREASE-CURRENT] 88,232,117
[NET-CHANGE-FROM-OPS] 316,104,677
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,608,199
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 26,713,759
[NUMBER-OF-SHARES-REDEEMED] 1,700,397
[SHARES-REINVESTED] 3,846,700
[NET-CHANGE-IN-ASSETS] 459,688,336
[ACCUMULATED-NII-PRIOR] 319,650
[ACCUMULATED-GAINS-PRIOR] (1,213,739)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,381,076
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 36,555,268
[AVERAGE-NET-ASSETS] 20,872,660
[PER-SHARE-NAV-BEGIN] 16.33
[PER-SHARE-NII] 00.31
[PER-SHARE-GAIN-APPREC] 02.07
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 01.30
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.41
[EXPENSE-RATIO] 01.57
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 1
[NAME] PREMIUM TOTAL RETURN CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,259,369,699
[INVESTMENTS-AT-VALUE] 2,653,557,534
[RECEIVABLES] 9,216,550
[ASSETS-OTHER] 737
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,662,774,821
[PAYABLE-FOR-SECURITIES] 25,436,899
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 37,974,406
[TOTAL-LIABILITIES] 63,411,305
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,137,747,734
[SHARES-COMMON-STOCK] 757,375
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (126,375,833)
[ACCUMULATED-NET-GAINS] 181,827,478
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 406,164,137
[NET-ASSETS] 2,599,363,516
[DIVIDEND-INCOME] 56,374,841
[INTEREST-INCOME] 22,784,773
[OTHER-INCOME] 2,226,997
[EXPENSES-NET] 36,555,268
[NET-INVESTMENT-INCOME] 44,831,343
[REALIZED-GAINS-CURRENT] 183,041,217
[APPREC-INCREASE-CURRENT] 88,232,117
[NET-CHANGE-FROM-OPS] 316,104,677
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 244,100
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 417,476,828
[NUMBER-OF-SHARES-REDEEMED] 26,539,686
[SHARES-REINVESTED] 60,728,442
[NET-CHANGE-IN-ASSETS] 459,688,336
[ACCUMULATED-NII-PRIOR] 319,650
[ACCUMULATED-GAINS-PRIOR] (1,213,739)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 13,381,076
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 36,555,268
[AVERAGE-NET-ASSETS] 5,926,892
[PER-SHARE-NAV-BEGIN] 17.57
[PER-SHARE-NII] 00.20
[PER-SHARE-GAIN-APPREC] 00.32
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.67
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.42
[EXPENSE-RATIO] 00.87
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 4
[NAME] TAX-EXEMPT INCOME CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 856,573,272
[INVESTMENTS-AT-VALUE] 882,389,630
[RECEIVABLES] 18,001,577
[ASSETS-OTHER] 90,170
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 900,481,377
[PAYABLE-FOR-SECURITIES] 13,822,024
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,336,493
[TOTAL-LIABILITIES] 15,158,517
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 862,365,963
[SHARES-COMMON-STOCK] 13,376,651
[SHARES-COMMON-PRIOR] 13,777,081
[ACCUMULATED-NII-CURRENT] 50,346,526
[OVERDISTRIBUTION-NII] 71,821
[ACCUMULATED-NET-GAINS] (2,982,398)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 25,816,358
[NET-ASSETS] 885,322,860
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 61,696,811
[OTHER-INCOME] 0
[EXPENSES-NET] 11,350,285
[NET-INVESTMENT-INCOME] 50,346,526
[REALIZED-GAINS-CURRENT] 4,816,209
[APPREC-INCREASE-CURRENT] (642,445)
[NET-CHANGE-FROM-OPS] 54,520,290
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 13,528,117
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 29,741,505
[NUMBER-OF-SHARES-REDEEMED] 44,691,662
[SHARES-REINVESTED] 8,042,396
[NET-CHANGE-IN-ASSETS] (89,168,516)
[ACCUMULATED-NII-PRIOR] 57,517,554
[ACCUMULATED-GAINS-PRIOR] (7,798,607)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,771,279
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,350,285
[AVERAGE-NET-ASSETS] 236,027,827
[PER-SHARE-NAV-BEGIN] 17.25
[PER-SHARE-NII] 01.00
[PER-SHARE-GAIN-APPREC] 00.06
[PER-SHARE-DIVIDEND] 01.00
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.31
[EXPENSE-RATIO] 00.84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 4
[NAME] TAX-EXEMPT INCOME CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 856,573,272
[INVESTMENTS-AT-VALUE] 882,389,630
[RECEIVABLES] 18,001,577
[ASSETS-OTHER] 90,170
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 900,481,377
[PAYABLE-FOR-SECURITIES] 13,822,024
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,336,493
[TOTAL-LIABILITIES] 15,158,517
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 862,365,963
[SHARES-COMMON-STOCK] 37,708,244
[SHARES-COMMON-PRIOR] 42,684,958
[ACCUMULATED-NII-CURRENT] 50,346,526
[OVERDISTRIBUTION-NII] 71,821
[ACCUMULATED-NET-GAINS] (2,982,398)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 25,816,358
[NET-ASSETS] 885,322,860
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 61,696,811
[OTHER-INCOME] 0
[EXPENSES-NET] 11,350,285
[NET-INVESTMENT-INCOME] 50,346,526
[REALIZED-GAINS-CURRENT] 4,816,209
[APPREC-INCREASE-CURRENT] (642,445)
[NET-CHANGE-FROM-OPS] 54,520,290
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 36,723,425
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 25,090,157
[NUMBER-OF-SHARES-REDEEMED] 131,511,049
[SHARES-REINVESTED] 19,575,379
[NET-CHANGE-IN-ASSETS] (89,168,516)
[ACCUMULATED-NII-PRIOR] 57,517,554
[ACCUMULATED-GAINS-PRIOR] (7,798,607)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,771,279
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,350,285
[AVERAGE-NET-ASSETS] 703,566,606
[PER-SHARE-NAV-BEGIN] 17.26
[PER-SHARE-NII] 00.92
[PER-SHARE-GAIN-APPREC] 00.06
[PER-SHARE-DIVIDEND] 00.92
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.32
[EXPENSE-RATIO] 01.33
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 4
[NAME] TAX-EXEMPT INCOME CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 856,573,272
[INVESTMENTS-AT-VALUE] 882,389,630
[RECEIVABLES] 18,001,577
[ASSETS-OTHER] 90,170
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 900,481,377
[PAYABLE-FOR-SECURITIES] 13,822,024
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,336,493
[TOTAL-LIABILITIES] 15,158,517
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 862,365,963
[SHARES-COMMON-STOCK] 31,538
[SHARES-COMMON-PRIOR] 12,232
[ACCUMULATED-NII-CURRENT] 50,346,526
[OVERDISTRIBUTION-NII] 71,821
[ACCUMULATED-NET-GAINS] (2,982,398)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 25,816,358
[NET-ASSETS] 885,322,860
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 61,696,811
[OTHER-INCOME] 0
[EXPENSES-NET] 11,350,285
[NET-INVESTMENT-INCOME] 50,346,526
[REALIZED-GAINS-CURRENT] 4,816,209
[APPREC-INCREASE-CURRENT] (642,445)
[NET-CHANGE-FROM-OPS] 54,520,290
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 23,163
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 372,612
[NUMBER-OF-SHARES-REDEEMED] 50,954
[SHARES-REINVESTED] 17,515
[NET-CHANGE-IN-ASSETS] (89,168,516)
[ACCUMULATED-NII-PRIOR] 57,517,554
[ACCUMULATED-GAINS-PRIOR] (7,798,607)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,771,279
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,350,285
[AVERAGE-NET-ASSETS] 436,146
[PER-SHARE-NAV-BEGIN] 17.25
[PER-SHARE-NII] 00.89
[PER-SHARE-GAIN-APPREC] 00.07
[PER-SHARE-DIVIDEND] 00.90
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.31
[EXPENSE-RATIO] 01.39
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 5
[NAME] EXCHANGE RESERVE CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 159,940,029
[INVESTMENTS-AT-VALUE] 159,940,029
[RECEIVABLES] 441,974
[ASSETS-OTHER] 579
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 160,382,582
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 517,245
[TOTAL-LIABILITIES] 517,245
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 150,920,793
[SHARES-COMMON-STOCK] 150,476,738
[SHARES-COMMON-PRIOR] 160,503,251
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 159,865,337
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 8,390,077
[OTHER-INCOME] 0
[EXPENSES-NET] 1,743,466
[NET-INVESTMENT-INCOME] 6,646,611
[REALIZED-GAINS-CURRENT] 15,797
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 6,662,408
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 6,465,988
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 343,531,203
[NUMBER-OF-SHARES-REDEEMED] 357,269,797
[SHARES-REINVESTED] 5,711,961
[NET-CHANGE-IN-ASSETS] (3,432,750)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 748,208
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,743,466
[AVERAGE-NET-ASSETS] 145,361,297
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.044
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0.044
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 1.17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 5
[NAME] EXCHANGE RESERVE CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 159,940,029
[INVESTMENTS-AT-VALUE] 159,940,029
[RECEIVABLES] 441,974
[ASSETS-OTHER] 579
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 160,382,582
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 517,245
[TOTAL-LIABILITIES] 517,245
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 150,920,793
[SHARES-COMMON-STOCK] 9,444,055
[SHARES-COMMON-PRIOR] 2,850,294
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 159,865,337
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 8,390,077
[OTHER-INCOME] 0
[EXPENSES-NET] 1,743,466
[NET-INVESTMENT-INCOME] 6,646,611
[REALIZED-GAINS-CURRENT] 15,797
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 6,662,408
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 180,420
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 76,141,732
[NUMBER-OF-SHARES-REDEEMED] 69,702,737
[SHARES-REINVESTED] 154,768
[NET-CHANGE-IN-ASSETS] (3,432,750)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 748,208
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,743,466
[AVERAGE-NET-ASSETS] 4,112,007
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.044
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0.044
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 1.17
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 6
[NAME] CONVERTIBLE CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 86,864,303
[INVESTMENTS-AT-VALUE] 86,106,438
[RECEIVABLES] 1,391,055
[ASSETS-OTHER] 86,106,693
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 87,497,748
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 359,758
[TOTAL-LIABILITIES] 359,758
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 87,997,220
[SHARES-COMMON-STOCK] 2,227,896
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 29,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (130,406)
[ACCUM-APPREC-OR-DEPREC] (757,866)
[NET-ASSETS] 87,137,990
[DIVIDEND-INCOME] 2,090,711
[INTEREST-INCOME] 2,981,681
[OTHER-INCOME] 5,072,392
[EXPENSES-NET] 1,391,571
[NET-INVESTMENT-INCOME] 3,680,821
[REALIZED-GAINS-CURRENT] 4,983,498
[APPREC-INCREASE-CURRENT] (3,181,315)
[NET-CHANGE-FROM-OPS] 5,483,004
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 24,708
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 343,603
[NUMBER-OF-SHARES-REDEEMED] 506,755
[SHARES-REINVESTED] 83,599
[NET-CHANGE-IN-ASSETS] 5,483,004
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (4,005,843)
[OVERDIST-NET-GAINS-PRIOR] (5,113,905)
[GROSS-ADVISORY-FEES] 417,942
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,391,571
[AVERAGE-NET-ASSETS] 35,556,394
[PER-SHARE-NAV-BEGIN] 15.27
[PER-SHARE-NII] 00.74
[PER-SHARE-GAIN-APPREC] 00.38
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.73
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.66
[EXPENSE-RATIO] 01.40
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 6
[NAME] CONVERTIBLE CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 86,864,303
[INVESTMENTS-AT-VALUE] 86,106,438
[RECEIVABLES] 1,391,055
[ASSETS-OTHER] 86,106,693
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 87,497,748
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 359,758
[TOTAL-LIABILITIES] 359,758
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 87,997,220
[SHARES-COMMON-STOCK] 2,709,231
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 29,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (130,406)
[ACCUM-APPREC-OR-DEPREC] (757,866)
[NET-ASSETS] 87,137,990
[DIVIDEND-INCOME] 2,090,711
[INTEREST-INCOME] 2,981,681
[OTHER-INCOME] 5,072,392
[EXPENSES-NET] 1,391,571
[NET-INVESTMENT-INCOME] 3,680,821
[REALIZED-GAINS-CURRENT] 4,983,498
[APPREC-INCREASE-CURRENT] (3,181,315)
[NET-CHANGE-FROM-OPS] 5,483,004
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 14,191
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 374,014
[NUMBER-OF-SHARES-REDEEMED] 727,414
[SHARES-REINVESTED] 82,158
[NET-CHANGE-IN-ASSETS] 5,483,004
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (4,005,843)
[OVERDIST-NET-GAINS-PRIOR] (5,113,905)
[GROSS-ADVISORY-FEES] 417,942
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,391,571
[AVERAGE-NET-ASSETS] 45,461,246
[PER-SHARE-NAV-BEGIN] 15.27
[PER-SHARE-NII] 00.67
[PER-SHARE-GAIN-APPREC] 00.38
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.66
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.66
[EXPENSE-RATIO] 01.90
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 6
[NAME] CONVERTIBLE CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 86,864,303
[INVESTMENTS-AT-VALUE] 86,106,438
[RECEIVABLES] 1,391,055
[ASSETS-OTHER] 86,106,693
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 87,497,748
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 359,758
[TOTAL-LIABILITIES] 359,758
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 87,997,220
[SHARES-COMMON-STOCK] 40,988
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 29,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (130,406)
[ACCUM-APPREC-OR-DEPREC] (757,866)
[NET-ASSETS] 87,137,990
[DIVIDEND-INCOME] 2,090,711
[INTEREST-INCOME] 2,981,681
[OTHER-INCOME] 5,072,392
[EXPENSES-NET] 1,391,571
[NET-INVESTMENT-INCOME] 3,680,821
[REALIZED-GAINS-CURRENT] 4,983,498
[APPREC-INCREASE-CURRENT] (3,181,315)
[NET-CHANGE-FROM-OPS] 5,483,004
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 516
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 55,056
[NUMBER-OF-SHARES-REDEEMED] 20,518
[SHARES-REINVESTED] 1,049
[NET-CHANGE-IN-ASSETS] 5,483,004
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (4,005,843)
[OVERDIST-NET-GAINS-PRIOR] (5,113,905)
[GROSS-ADVISORY-FEES] 417,942
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,391,571
[AVERAGE-NET-ASSETS] 449,442
[PER-SHARE-NAV-BEGIN] 15.27
[PER-SHARE-NII] 00.66
[PER-SHARE-GAIN-APPREC] 00.38
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.67
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.64
[EXPENSE-RATIO] 01.87
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 6
[NAME] CONVERTIBLE CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 86,864,303
[INVESTMENTS-AT-VALUE] 86,106,438
[RECEIVABLES] 1,391,055
[ASSETS-OTHER] 86,106,693
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 87,497,748
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 359,758
[TOTAL-LIABILITIES] 359,758
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 87,997,220
[SHARES-COMMON-STOCK] 586,129
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 29,042
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] (130,406)
[ACCUM-APPREC-OR-DEPREC] (757,866)
[NET-ASSETS] 87,137,990
[DIVIDEND-INCOME] 2,090,711
[INTEREST-INCOME] 2,981,681
[OTHER-INCOME] 5,072,392
[EXPENSES-NET] 1,391,571
[NET-INVESTMENT-INCOME] 3,680,821
[REALIZED-GAINS-CURRENT] 4,983,498
[APPREC-INCREASE-CURRENT] (3,181,315)
[NET-CHANGE-FROM-OPS] 5,483,004
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 9,341
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 586,130
[NUMBER-OF-SHARES-REDEEMED] 1
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 5,483,004
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (4,005,843)
[OVERDIST-NET-GAINS-PRIOR] (5,113,905)
[GROSS-ADVISORY-FEES] 417,942
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,391,571
[AVERAGE-NET-ASSETS] 4,142,820
[PER-SHARE-NAV-BEGIN] 16.15
[PER-SHARE-NII] 00.38
[PER-SHARE-GAIN-APPREC] (00.46)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.39
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.68
[EXPENSE-RATIO] 01.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] HIGH INCOME CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 956,594,248
[INVESTMENTS-AT-VALUE] 952,078,256
[RECEIVABLES] 19,074,715
[ASSETS-OTHER] 7,453
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 971,160,424
[PAYABLE-FOR-SECURITIES] 5,307,025
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,478,380
[TOTAL-LIABILITIES] 6,785,405
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,211,712,343
[SHARES-COMMON-STOCK] 31,047,364
[SHARES-COMMON-PRIOR] 28,531,134
[ACCUMULATED-NII-CURRENT] 84,120,788
[OVERDISTRIBUTION-NII] 20,751
[ACCUMULATED-NET-GAINS] (242,842,038)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (4,516,037)
[NET-ASSETS] 964,375,019
[DIVIDEND-INCOME] 91,425,418
[INTEREST-INCOME] 5,115,821
[OTHER-INCOME] 1,238
[EXPENSES-NET] 12,419,213
[NET-INVESTMENT-INCOME] 84,120,788
[REALIZED-GAINS-CURRENT] 5,895,839
[APPREC-INCREASE-CURRENT] (16,205,851)
[NET-CHANGE-FROM-OPS] 73,810,776
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 31,987,396
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 8,308,861
[NUMBER-OF-SHARES-REDEEMED] 7,405,625
[SHARES-REINVESTED] 1,612,994
[NET-CHANGE-IN-ASSETS] 142,750,391
[ACCUMULATED-NII-PRIOR] 71,957,052
[ACCUMULATED-GAINS-PRIOR] (41,846,542)
[OVERDISTRIB-NII-PRIOR] (61,531)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,506,352
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,506,352
[AVERAGE-NET-ASSETS] 331,052,809
[PER-SHARE-NAV-BEGIN] 11.10
[PER-SHARE-NII] 01.08
[PER-SHARE-GAIN-APPREC] (0.12)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 01.08
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.98
[EXPENSE-RATIO] 01.09
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] HIGH INCOME CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 956,594,248
[INVESTMENTS-AT-VALUE] 952,078,256
[RECEIVABLES] 19,074,715
[ASSETS-OTHER] 7,453
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 971,160,424
[PAYABLE-FOR-SECURITIES] 5,307,025
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,478,380
[TOTAL-LIABILITIES] 6,785,405
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,211,712,343
[SHARES-COMMON-STOCK] 50,950,280
[SHARES-COMMON-PRIOR] 43,080,844
[ACCUMULATED-NII-CURRENT] 84,120,788
[OVERDISTRIBUTION-NII] 20,751
[ACCUMULATED-NET-GAINS] (242,842,038)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (4,516,037)
[NET-ASSETS] 964,375,019
[DIVIDEND-INCOME] 91,425,418
[INTEREST-INCOME] 5,115,821
[OTHER-INCOME] 1,238
[EXPENSES-NET] 12,419,213
[NET-INVESTMENT-INCOME] 84,120,788
[REALIZED-GAINS-CURRENT] 5,895,839
[APPREC-INCREASE-CURRENT] (16,205,851)
[NET-CHANGE-FROM-OPS] 73,810,776
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 48,694,812
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 15,087,459
[NUMBER-OF-SHARES-REDEEMED] 9,273,067
[SHARES-REINVESTED] 2,055,044
[NET-CHANGE-IN-ASSETS] 142,750,391
[ACCUMULATED-NII-PRIOR] 71,957,052
[ACCUMULATED-GAINS-PRIOR] (41,846,542)
[OVERDISTRIB-NII-PRIOR] (61,531)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,506,352
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,506,352
[AVERAGE-NET-ASSETS] 528,988,163
[PER-SHARE-NAV-BEGIN] 11.11
[PER-SHARE-NII] 01.02
[PER-SHARE-GAIN-APPREC] (0.12)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 01.02
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.99
[EXPENSE-RATIO] 01.59
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] HIGH INCOME CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 956,594,248
[INVESTMENTS-AT-VALUE] 952,078,256
[RECEIVABLES] 19,074,715
[ASSETS-OTHER] 7,453
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 971,160,424
[PAYABLE-FOR-SECURITIES] 5,307,025
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,478,380
[TOTAL-LIABILITIES] 6,785,405
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,211,712,343
[SHARES-COMMON-STOCK] 1,913,614
[SHARES-COMMON-PRIOR] 541,014
[ACCUMULATED-NII-CURRENT] 84,120,788
[OVERDISTRIBUTION-NII] 20,751
[ACCUMULATED-NET-GAINS] (242,842,038)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (4,516,037)
[NET-ASSETS] 964,375,019
[DIVIDEND-INCOME] 91,425,418
[INTEREST-INCOME] 5,115,821
[OTHER-INCOME] 1,238
[EXPENSES-NET] 12,419,213
[NET-INVESTMENT-INCOME] 84,120,788
[REALIZED-GAINS-CURRENT] 5,895,839
[APPREC-INCREASE-CURRENT] (16,205,851)
[NET-CHANGE-FROM-OPS] 73,810,776
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,283,936
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,609,793
[NUMBER-OF-SHARES-REDEEMED] 303,748
[SHARES-REINVESTED] 66,555
[NET-CHANGE-IN-ASSETS] 142,750,391
[ACCUMULATED-NII-PRIOR] 71,957,052
[ACCUMULATED-GAINS-PRIOR] (41,846,542)
[OVERDISTRIB-NII-PRIOR] (61,531)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,506,352
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,506,352
[AVERAGE-NET-ASSETS] 13,556,208
[PER-SHARE-NAV-BEGIN] 11.11
[PER-SHARE-NII] 01.03
[PER-SHARE-GAIN-APPREC] (0.11)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 01.03
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.00
[EXPENSE-RATIO] 01.51
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] HIGH INCOME CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 956,594,248
[INVESTMENTS-AT-VALUE] 952,078,256
[RECEIVABLES] 19,074,715
[ASSETS-OTHER] 7,453
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 971,160,424
[PAYABLE-FOR-SECURITIES] 5,307,025
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,478,380
[TOTAL-LIABILITIES] 6,785,405
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,211,712,343
[SHARES-COMMON-STOCK] 3,193,395
[SHARES-COMMON-PRIOR] 928,254
[ACCUMULATED-NII-CURRENT] 84,120,788
[OVERDISTRIBUTION-NII] 20,751
[ACCUMULATED-NET-GAINS] (242,842,038)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (4,516,037)
[NET-ASSETS] 964,375,019
[DIVIDEND-INCOME] 91,425,418
[INTEREST-INCOME] 5,115,821
[OTHER-INCOME] 1,238
[EXPENSES-NET] 12,419,213
[NET-INVESTMENT-INCOME] 84,120,788
[REALIZED-GAINS-CURRENT] 5,895,839
[APPREC-INCREASE-CURRENT] (16,205,851)
[NET-CHANGE-FROM-OPS] 73,810,776
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,081,172
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,916,081
[NUMBER-OF-SHARES-REDEEMED] 5,727,363
[SHARES-REINVESTED] 76,423
[NET-CHANGE-IN-ASSETS] 142,750,391
[ACCUMULATED-NII-PRIOR] 71,957,052
[ACCUMULATED-GAINS-PRIOR] (41,846,542)
[OVERDISTRIB-NII-PRIOR] (61,531)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,506,352
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,506,352
[AVERAGE-NET-ASSETS] 18,137,036
[PER-SHARE-NAV-BEGIN] 11.10
[PER-SHARE-NII] 00.92
[PER-SHARE-GAIN-APPREC] (0.11)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.92
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.99
[EXPENSE-RATIO] 00.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] HIGH INCOME CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 956,594,248
[INVESTMENTS-AT-VALUE] 952,078,256
[RECEIVABLES] 19,074,715
[ASSETS-OTHER] 7,453
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 971,160,424
[PAYABLE-FOR-SECURITIES] 5,307,025
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,478,380
[TOTAL-LIABILITIES] 6,785,405
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,211,712,343
[SHARES-COMMON-STOCK] 651,422
[SHARES-COMMON-PRIOR] 893,841
[ACCUMULATED-NII-CURRENT] 84,120,788
[OVERDISTRIBUTION-NII] 20,751
[ACCUMULATED-NET-GAINS] (242,842,038)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (4,516,037)
[NET-ASSETS] 964,375,019
[DIVIDEND-INCOME] 91,425,418
[INTEREST-INCOME] 5,115,821
[OTHER-INCOME] 1,238
[EXPENSES-NET] 12,419,213
[NET-INVESTMENT-INCOME] 84,120,788
[REALIZED-GAINS-CURRENT] 5,895,839
[APPREC-INCREASE-CURRENT] (16,205,851)
[NET-CHANGE-FROM-OPS] 73,810,776
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 885,782
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 340
[NUMBER-OF-SHARES-REDEEMED] 322,209
[SHARES-REINVESTED] 79,450
[NET-CHANGE-IN-ASSETS] 142,750,391
[ACCUMULATED-NII-PRIOR] 71,957,052
[ACCUMULATED-GAINS-PRIOR] (41,846,542)
[OVERDISTRIB-NII-PRIOR] (61,531)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,506,352
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,506,352
[AVERAGE-NET-ASSETS] 8,941,185
[PER-SHARE-NAV-BEGIN] 11.09
[PER-SHARE-NII] 01.11
[PER-SHARE-GAIN-APPREC] (0.10)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 01.11
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.99
[EXPENSE-RATIO] 00.77
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 9
[NAME] SMITH BARNEY UTILITIES CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 1,529,859,768
[INVESTMENTS-AT-VALUE] 1,586,588,252
[RECEIVABLES] 30,884,684
[ASSETS-OTHER] 589
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,617,473,525
[PAYABLE-FOR-SECURITIES] 2,993,127
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,357,386
[TOTAL-LIABILITIES] 7,305,513
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,518,925,809
[SHARES-COMMON-STOCK] 18,334,890
[SHARES-COMMON-PRIOR] 10,046,494
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,876,999
[ACCUMULATED-NET-GAINS] 32,891,720
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,728,484
[NET-ASSETS] 1,610,123,012
[DIVIDEND-INCOME] 56,955,307
[INTEREST-INCOME] 62,018,482
[OTHER-INCOME] 0
[EXPENSES-NET] 26,401,646
[NET-INVESTMENT-INCOME] 92,572,143
[REALIZED-GAINS-CURRENT] 66,405,963
[APPREC-INCREASE-CURRENT] (3,454,715)
[NET-CHANGE-FROM-OPS] 155,523,391
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 13,201,879
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 9,996,048
[NUMBER-OF-SHARES-REDEEMED] 4,384,228
[SHARES-REINVESTED] 686,576
[NET-CHANGE-IN-ASSETS] (214,846,736)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (33,514,243)
[OVERDISTRIB-NII-PRIOR] (43,610)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,094,511
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 238,400,248
[PER-SHARE-NAV-BEGIN] 14.03
[PER-SHARE-NII] 00.82
[PER-SHARE-GAIN-APPREC] 00.47
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.81
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.51
[EXPENSE-RATIO] 01.05
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 9
[NAME] SMITH BARNEY UTILITIES CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 1,529,859,768
[INVESTMENTS-AT-VALUE] 1,586,588,252
[RECEIVABLES] 30,884,684
[ASSETS-OTHER] 589
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,617,473,525
[PAYABLE-FOR-SECURITIES] 2,993,127
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,357,386
[TOTAL-LIABILITIES] 7,305,513
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,518,925,809
[SHARES-COMMON-STOCK] 90,334,939
[SHARES-COMMON-PRIOR] 112,179,525
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,876,999
[ACCUMULATED-NET-GAINS] 32,891,720
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,728,484
[NET-ASSETS] 1,610,123,012
[DIVIDEND-INCOME] 56,955,307
[INTEREST-INCOME] 62,018,482
[OTHER-INCOME] 0
[EXPENSES-NET] 26,401,646
[NET-INVESTMENT-INCOME] 92,572,143
[REALIZED-GAINS-CURRENT] 66,405,963
[APPREC-INCREASE-CURRENT] (3,454,715)
[NET-CHANGE-FROM-OPS] 155,523,391
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 75,948,662
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,729,301
[NUMBER-OF-SHARES-REDEEMED] 31,436,995
[SHARES-REINVESTED] 3,863,108
[NET-CHANGE-IN-ASSETS] (214,846,736)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (33,514,243)
[OVERDISTRIB-NII-PRIOR] (43,610)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,094,511
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 1,520,576,926
[PER-SHARE-NAV-BEGIN] 14.02
[PER-SHARE-NII] 00.77
[PER-SHARE-GAIN-APPREC] 00.47
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.75
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.51
[EXPENSE-RATIO] 01.55
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 9
[NAME] SMITH BARNEY UTILITIES CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 1,529,859,768
[INVESTMENTS-AT-VALUE] 1,586,588,252
[RECEIVABLES] 30,884,684
[ASSETS-OTHER] 589
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,617,473,525
[PAYABLE-FOR-SECURITIES] 2,993,127
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,357,386
[TOTAL-LIABILITIES] 7,305,513
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,518,925,809
[SHARES-COMMON-STOCK] 788,654
[SHARES-COMMON-PRIOR] 279,981
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,876,999
[ACCUMULATED-NET-GAINS] 32,891,720
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,728,484
[NET-ASSETS] 1,610,123,012
[DIVIDEND-INCOME] 56,955,307
[INTEREST-INCOME] 62,018,482
[OTHER-INCOME] 0
[EXPENSES-NET] 26,401,646
[NET-INVESTMENT-INCOME] 92,572,143
[REALIZED-GAINS-CURRENT] 66,405,963
[APPREC-INCREASE-CURRENT] (3,454,715)
[NET-CHANGE-FROM-OPS] 155,523,391
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 507,295
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 739,232
[NUMBER-OF-SHARES-REDEEMED] 258,618
[SHARES-REINVESTED] 28,059
[NET-CHANGE-IN-ASSETS] (214,846,736)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (33,514,243)
[OVERDISTRIB-NII-PRIOR] (43,610)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,094,511
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 9,773,375
[PER-SHARE-NAV-BEGIN] 14.02
[PER-SHARE-NII] 00.77
[PER-SHARE-GAIN-APPREC] 00.47
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.75
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.51
[EXPENSE-RATIO] 01.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 9
[NAME] SMITH BARNEY UTILITIES CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 1,529,859,768
[INVESTMENTS-AT-VALUE] 1,586,588,252
[RECEIVABLES] 30,884,684
[ASSETS-OTHER] 589
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,617,473,525
[PAYABLE-FOR-SECURITIES] 2,993,127
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,357,386
[TOTAL-LIABILITIES] 7,305,513
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,518,925,809
[SHARES-COMMON-STOCK] 524,592
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,876,999
[ACCUMULATED-NET-GAINS] 32,891,720
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,728,484
[NET-ASSETS] 1,610,123,012
[DIVIDEND-INCOME] 56,955,307
[INTEREST-INCOME] 62,018,482
[OTHER-INCOME] 0
[EXPENSES-NET] 26,401,646
[NET-INVESTMENT-INCOME] 92,572,143
[REALIZED-GAINS-CURRENT] 66,405,963
[APPREC-INCREASE-CURRENT] (3,454,715)
[NET-CHANGE-FROM-OPS] 155,523,391
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 179,297
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 681,967
[NUMBER-OF-SHARES-REDEEMED] 162,055
[SHARES-REINVESTED] 4,680
[NET-CHANGE-IN-ASSETS] (214,846,736)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (33,514,243)
[OVERDISTRIB-NII-PRIOR] (43,610)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,094,511
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 3,553,329
[PER-SHARE-NAV-BEGIN] 14.88
[PER-SHARE-NII] 00.64
[PER-SHARE-GAIN-APPREC] 00.29
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.71
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.52
[EXPENSE-RATIO] 00.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 9
[NAME] SMITH BARNEY UTILITIES CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 1,529,859,768
[INVESTMENTS-AT-VALUE] 1,586,588,252
[RECEIVABLES] 30,884,684
[ASSETS-OTHER] 589
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,617,473,525
[PAYABLE-FOR-SECURITIES] 2,993,127
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,357,386
[TOTAL-LIABILITIES] 7,305,513
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,518,925,809
[SHARES-COMMON-STOCK] 999,717
[SHARES-COMMON-PRIOR] 1,043,265
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,876,999
[ACCUMULATED-NET-GAINS] 32,891,720
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 56,728,484
[NET-ASSETS] 1,610,123,012
[DIVIDEND-INCOME] 56,955,307
[INTEREST-INCOME] 62,018,482
[OTHER-INCOME] 0
[EXPENSES-NET] 26,401,646
[NET-INVESTMENT-INCOME] 92,572,143
[REALIZED-GAINS-CURRENT] 66,405,963
[APPREC-INCREASE-CURRENT] (3,454,715)
[NET-CHANGE-FROM-OPS] 155,523,391
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 857,993
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 147,037
[NUMBER-OF-SHARES-REDEEMED] 247,957
[SHARES-REINVESTED] 57,372
[NET-CHANGE-IN-ASSETS] (214,846,736)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (33,514,243)
[OVERDISTRIB-NII-PRIOR] (43,610)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,094,511
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 14,930,814
[PER-SHARE-NAV-BEGIN] 14.02
[PER-SHARE-NII] 00.88
[PER-SHARE-GAIN-APPREC] 00.47
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.85
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.52
[EXPENSE-RATIO] 00.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] DIVERSIFIED STRATEGIC INCOME FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,723,959,882
[INVESTMENTS-AT-VALUE] 2,780,459,906
[RECEIVABLES] 65,498,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 2,003,245
[TOTAL-ASSETS] 2,847,961,615
[PAYABLE-FOR-SECURITIES] 171,523,724
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 8,828,446
[TOTAL-LIABILITIES] 180,352,170
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,745,951,455
[SHARES-COMMON-STOCK] 25,930,321
[SHARES-COMMON-PRIOR] 22,583,437
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 26,273,688
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 104,940,161
[ACCUM-APPREC-OR-DEPREC] 52,871,839
[NET-ASSETS] 2,667,609,445
[DIVIDEND-INCOME] 4,912,706
[INTEREST-INCOME] 210,999,542
[OTHER-INCOME] 0
[EXPENSES-NET] 58,750,708
[NET-INVESTMENT-INCOME] 177,161,540
[REALIZED-GAINS-CURRENT] 14,882,931
[APPREC-INCREASE-CURRENT] 5,832,962
[NET-CHANGE-FROM-OPS] 197,877,433
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 16,044,044
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 10,064,712
[NUMBER-OF-SHARES-REDEEMED] 7,912,833
[SHARES-REINVESTED] 1,195,006
[NET-CHANGE-IN-ASSETS] 107,713,118
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 11,805,103
[OVERDIST-NET-GAINS-PRIOR] 102,365,054
[GROSS-ADVISORY-FEES] 11,818,108
[INTEREST-EXPENSE] 783,833
[GROSS-EXPENSE] 38,750,708
[AVERAGE-NET-ASSETS] 189,096,506
[PER-SHARE-NAV-BEGIN] 7.85
[PER-SHARE-NII] 0.67
[PER-SHARE-GAIN-APPREC] (.03)
[PER-SHARE-DIVIDEND] 0.67
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.82
[EXPENSE-RATIO] 1.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] DIVERSIFIED STRATEGIC INCOME FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,723,959,882
[INVESTMENTS-AT-VALUE] 2,780,459,906
[RECEIVABLES] 65,498,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 2,003,245
[TOTAL-ASSETS] 2,847,961,615
[PAYABLE-FOR-SECURITIES] 171,523,724
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 8,828,446
[TOTAL-LIABILITIES] 180,352,170
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,745,951,455
[SHARES-COMMON-STOCK] 303,841,930
[SHARES-COMMON-PRIOR] 301,043,025
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 26,273,688
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 104,940,161
[ACCUM-APPREC-OR-DEPREC] 52,871,839
[NET-ASSETS] 2,667,609,445
[DIVIDEND-INCOME] 4,912,706
[INTEREST-INCOME] 210,999,542
[OTHER-INCOME] 0
[EXPENSES-NET] 58,750,708
[NET-INVESTMENT-INCOME] 177,161,540
[REALIZED-GAINS-CURRENT] 14,882,931
[APPREC-INCREASE-CURRENT] 5,832,962
[NET-CHANGE-FROM-OPS] 197,877,433
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 188,829,809
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 42,794,620
[NUMBER-OF-SHARES-REDEEMED] 53,265,139
[SHARES-REINVESTED] 13,269,424
[NET-CHANGE-IN-ASSETS] 107,713,118
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 11,805,103
[OVERDIST-NET-GAINS-PRIOR] 102,365,054
[GROSS-ADVISORY-FEES] 11,818,108
[INTEREST-EXPENSE] 783,833
[GROSS-EXPENSE] 38,750,708
[AVERAGE-NET-ASSETS] 2,390,774,338
[PER-SHARE-NAV-BEGIN] 7.86
[PER-SHARE-NII] 0.63
[PER-SHARE-GAIN-APPREC] (.04)
[PER-SHARE-DIVIDEND] 0.62
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.83
[EXPENSE-RATIO] 1.57
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] DIVERSIFIED STRATEGIC INCOME FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,723,959,882
[INVESTMENTS-AT-VALUE] 2,780,459,906
[RECEIVABLES] 65,498,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 2,003,245
[TOTAL-ASSETS] 2,847,961,615
[PAYABLE-FOR-SECURITIES] 171,523,724
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 8,828,446
[TOTAL-LIABILITIES] 180,352,170
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,745,951,455
[SHARES-COMMON-STOCK] 5,403,149
[SHARES-COMMON-PRIOR] 1,623,067
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 26,273,688
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 104,940,161
[ACCUM-APPREC-OR-DEPREC] 52,871,839
[NET-ASSETS] 2,667,609,445
[DIVIDEND-INCOME] 4,912,706
[INTEREST-INCOME] 210,999,542
[OTHER-INCOME] 0
[EXPENSES-NET] 58,750,708
[NET-INVESTMENT-INCOME] 177,161,540
[REALIZED-GAINS-CURRENT] 14,882,931
[APPREC-INCREASE-CURRENT] 5,832,962
[NET-CHANGE-FROM-OPS] 197,877,433
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,185,239
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4,096,751
[NUMBER-OF-SHARES-REDEEMED] 217,478
[SHARES-REINVESTED] 534,146
[NET-CHANGE-IN-ASSETS] 107,713,118
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 11,805,103
[OVERDIST-NET-GAINS-PRIOR] 102,365,054
[GROSS-ADVISORY-FEES] 11,818,108
[INTEREST-EXPENSE] 783,833
[GROSS-EXPENSE] 38,750,708
[AVERAGE-NET-ASSETS] 26,832,965
[PER-SHARE-NAV-BEGIN] 7.84
[PER-SHARE-NII] 0.61
[PER-SHARE-GAIN-APPREC] (.02)
[PER-SHARE-DIVIDEND] 0.62
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.81
[EXPENSE-RATIO] 1.53
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 10
<NAME> DIVERSIFIED STRATEGIC INCOME FUND CLASS Y
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JUL-31-1996
<INVESTMENTS-AT-COST> 2,723,959,882
<INVESTMENTS-AT-VALUE> 2,780,459,906
<RECEIVABLES> 65,498,464
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 2,003,245
<TOTAL-ASSETS> 2,847,961,615
<PAYABLE-FOR-SECURITIES> 171,523,724
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 8,828,446
<TOTAL-LIABILITIES> 180,352,170
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2,745,951,455
<SHARES-COMMON-STOCK> 3,445,891
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 26,273,688
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 104,940,161
<ACCUM-APPREC-OR-DEPREC> 52,871,839
<NET-ASSETS> 2,667,609,445
<DIVIDEND-INCOME> 4,912,706
<INTEREST-INCOME> 210,999,542
<OTHER-INCOME> 0
<EXPENSES-NET> 58,750,708
<NET-INVESTMENT-INCOME> 177,161,540
<REALIZED-GAINS-CURRENT> 14,882,931
<APPREC-INCREASE-CURRENT> 5,832,962
<NET-CHANGE-FROM-OPS> 197,877,433
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 707,539
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,547,674
<NUMBER-OF-SHARES-REDEEMED> 121,413
<SHARES-REINVESTED> 19,630
<NET-CHANGE-IN-ASSETS> 107,713,118
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 11,805,103
<OVERDIST-NET-GAINS-PRIOR> 102,365,054
<GROSS-ADVISORY-FEES> 11,818,108
<INTEREST-EXPENSE> 783,833
<GROSS-EXPENSE> 38,750,708
<AVERAGE-NET-ASSETS> 8,915,207
<PER-SHARE-NAV-BEGIN> 7.89
<PER-SHARE-NII> 0.50
<PER-SHARE-GAIN-APPREC> (.02)
<PER-SHARE-DIVIDEND> 0.55
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.82
<EXPENSE-RATIO> 0.75
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] DIVERSIFIED STRATEGIC INCOME FUND CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 2,723,959,882
[INVESTMENTS-AT-VALUE] 2,780,459,906
[RECEIVABLES] 65,498,464
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 2,003,245
[TOTAL-ASSETS] 2,847,961,615
[PAYABLE-FOR-SECURITIES] 171,523,724
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 8,828,446
[TOTAL-LIABILITIES] 180,352,170
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,745,951,455
[SHARES-COMMON-STOCK] 2,080,516
[SHARES-COMMON-PRIOR] 1,829,176
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 26,273,688
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 104,940,161
[ACCUM-APPREC-OR-DEPREC] 52,871,839
[NET-ASSETS] 2,667,609,445
[DIVIDEND-INCOME] 4,912,706
[INTEREST-INCOME] 210,999,542
[OTHER-INCOME] 0
[EXPENSES-NET] 58,750,708
[NET-INVESTMENT-INCOME] 177,161,540
[REALIZED-GAINS-CURRENT] 14,882,931
[APPREC-INCREASE-CURRENT] 5,832,962
[NET-CHANGE-FROM-OPS] 197,877,433
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,321,532
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 391,370
[NUMBER-OF-SHARES-REDEEMED] 308,090
[SHARES-REINVESTED] 168,060
[NET-CHANGE-IN-ASSETS] 107,713,118
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 11,805,103
[OVERDIST-NET-GAINS-PRIOR] 102,365,054
[GROSS-ADVISORY-FEES] 11,818,108
[INTEREST-EXPENSE] 783,833
[GROSS-EXPENSE] 38,750,708
[AVERAGE-NET-ASSETS] 15,047,290
[PER-SHARE-NAV-BEGIN] 7.85
[PER-SHARE-NII] 0.70
[PER-SHARE-GAIN-APPREC] (.04)
[PER-SHARE-DIVIDEND] 0.69
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.82
[EXPENSE-RATIO] 0.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
