<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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 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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<PAGE> PAGE 22
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<PAGE> PAGE 23
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 1
[NAME] SMITH BARNEY PREMIUM TOTAL RETURN - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,039,709,117
[INVESTMENTS-AT-VALUE] 2,523,391,724
[RECEIVABLES] 5,226,729
[ASSETS-OTHER] 4,846,528
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,533,464,981
[PAYABLE-FOR-SECURITIES] 1,281,186
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 64,312,920
[TOTAL-LIABILITIES] 65,594,106
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,999,339,617
[SHARES-COMMON-STOCK] 29,896,696
[SHARES-COMMON-PRIOR] 28,881,893
[ACCUMULATED-NII-CURRENT] 23,165,958
[OVERDISTRIBUTION-NII] (59,622,184)
[ACCUMULATED-NET-GAINS] 80,184,643
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 483,682,607
[NET-ASSETS] 2,467,870,875
[DIVIDEND-INCOME] 28,902,279
[INTEREST-INCOME] 11,338,869
[OTHER-INCOME] 0
[EXPENSES-NET] 17,075,190
[NET-INVESTMENT-INCOME] 23,165,958
[REALIZED-GAINS-CURRENT] 80,184,643
[APPREC-INCREASE-CURRENT] 130,789,328
[NET-CHANGE-FROM-OPS] 234,139,929
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 17,486,814
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,876,582
[NUMBER-OF-SHARES-REDEEMED] 1,723,756
[SHARES-REINVESTED] 861,977
[NET-CHANGE-IN-ASSETS] 328,195,695
[ACCUMULATED-NII-PRIOR] 46,438,616
[ACCUMULATED-GAINS-PRIOR] 32,038,891
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 17,566,601
[GROSS-ADVISORY-FEES] 6,324,962
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 17,075,190
[AVERAGE-NET-ASSETS] 489,873,159
[PER-SHARE-NAV-BEGIN] 16.33
[PER-SHARE-NII] 0.20
[PER-SHARE-GAIN-APPREC] 1.55
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.20)
[RETURNS-OF-CAPITAL] (0.44)
[PER-SHARE-NAV-END] 17.44
[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] 1
[NAME] SMITH BARNEY PREMIUM TOTAL RETURN - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,039,709,117
[INVESTMENTS-AT-VALUE] 2,523,391,724
[RECEIVABLES] 5,226,729
[ASSETS-OTHER] 4,846,528
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,533,464,981
[PAYABLE-FOR-SECURITIES] 1,281,186
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 64,312,920
[TOTAL-LIABILITIES] 65,594,106
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,999,339,617
[SHARES-COMMON-STOCK] 110,316,850
[SHARES-COMMON-PRIOR] 101,367,578
[ACCUMULATED-NII-CURRENT] 23,165,958
[OVERDISTRIBUTION-NII] (59,622,184)
[ACCUMULATED-NET-GAINS] 80,184,643
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 483,682,607
[NET-ASSETS] 2,467,870,875
[DIVIDEND-INCOME] 28,902,279
[INTEREST-INCOME] 11,338,869
[OTHER-INCOME] 0
[EXPENSES-NET] 17,075,190
[NET-INVESTMENT-INCOME] 23,165,958
[REALIZED-GAINS-CURRENT] 80,184,643
[APPREC-INCREASE-CURRENT] 130,789,328
[NET-CHANGE-FROM-OPS] 234,139,929
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 64,525,198
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 13,369,956
[NUMBER-OF-SHARES-REDEEMED] 121,545,320
[SHARES-REINVESTED] 2,754,471
[NET-CHANGE-IN-ASSETS] 328,195,695
[ACCUMULATED-NII-PRIOR] 46,438,616
[ACCUMULATED-GAINS-PRIOR] 32,038,891
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 17,566,601
[GROSS-ADVISORY-FEES] 6,324,962
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 17,075,190
[AVERAGE-NET-ASSETS] 1,775,473,498
[PER-SHARE-NAV-BEGIN] 16.33
[PER-SHARE-NII] 0.16
[PER-SHARE-GAIN-APPREC] 1.55
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.16)
[RETURNS-OF-CAPITAL] (0.44)
[PER-SHARE-NAV-END] 17.44
[EXPENSE-RATIO] 1.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 1
[NAME] SMITH BARNEY PREMIUM TOTAL RETURN - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,039,709,117
[INVESTMENTS-AT-VALUE] 2,523,391,724
[RECEIVABLES] 5,226,729
[ASSETS-OTHER] 4,846,528
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,533,464,981
[PAYABLE-FOR-SECURITIES] 1,281,186
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 64,312,920
[TOTAL-LIABILITIES] 65,594,106
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,999,339,617
[SHARES-COMMON-STOCK] 1,326,926
[SHARES-COMMON-PRIOR] 792,180
[ACCUMULATED-NII-CURRENT] 23,165,958
[OVERDISTRIBUTION-NII] (59,622,184)
[ACCUMULATED-NET-GAINS] 80,184,643
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 483,682,607
[NET-ASSETS] 2,467,870,875
[DIVIDEND-INCOME] 28,902,279
[INTEREST-INCOME] 11,338,869
[OTHER-INCOME] 0
[EXPENSES-NET] 17,075,190
[NET-INVESTMENT-INCOME] 23,165,958
[REALIZED-GAINS-CURRENT] 80,184,643
[APPREC-INCREASE-CURRENT] 130,789,328
[NET-CHANGE-FROM-OPS] 234,139,929
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 776,130
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 596,564
[NUMBER-OF-SHARES-REDEEMED] 1,592,403
[SHARES-REINVESTED] 31,462
[NET-CHANGE-IN-ASSETS] 328,195,695
[ACCUMULATED-NII-PRIOR] 46,438,616
[ACCUMULATED-GAINS-PRIOR] 32,038,891
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 17,566,601
[GROSS-ADVISORY-FEES] 6,324,962
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 17,075,190
[AVERAGE-NET-ASSETS] 17,663,265
[PER-SHARE-NAV-BEGIN] 16.33
[PER-SHARE-NII] 0.16
[PER-SHARE-GAIN-APPREC] 1.55
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.16)
[RETURNS-OF-CAPITAL] (0.44)
[PER-SHARE-NAV-END] 17.44
[EXPENSE-RATIO] 1.55
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 4
[NAME] SMITH BARNEY TAX EXEMPT INCOME FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 909,275,067
[INVESTMENTS-AT-VALUE] 964,372,375
[RECEIVABLES] 5,030,107
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 983,467,832
[PAYABLE-FOR-SECURITIES] 12,594,194
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,219,485
[TOTAL-LIABILITIES] 19,813,679
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 911,448,445
[SHARES-COMMON-STOCK] 231,552,264
[SHARES-COMMON-PRIOR] 237,209,744
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (342,001)
[ACCUMULATED-NET-GAINS] (2,549,599)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 55,097,308
[NET-ASSETS] 963,654,153
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 31,817,133
[OTHER-INCOME] 0
[EXPENSES-NET] 5,877,457
[NET-INVESTMENT-INCOME] 25,939,676
[REALIZED-GAINS-CURRENT] 5,249,008
[APPREC-INCREASE-CURRENT] 28,638,505
[NET-CHANGE-FROM-OPS] 59,827,189
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 6,839,427
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 12,432,105
[NUMBER-OF-SHARES-REDEEMED] 22,243,040
[SHARES-REINVESTED] 4,153,456
[NET-CHANGE-IN-ASSETS] 59,827,189
[ACCUMULATED-NII-PRIOR] 57,517,554
[ACCUMULATED-GAINS-PRIOR] (7,798,607)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,950,579
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,926,878
[AVERAGE-NET-ASSETS] 965,958,181
[PER-SHARE-NAV-BEGIN] 17.25
[PER-SHARE-NII] 0.50
[PER-SHARE-GAIN-APPREC] 0.62
[PER-SHARE-DIVIDEND] (0.51)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.86
[EXPENSE-RATIO] 0.84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 4
[NAME] SMITH BARNEY TAX EXEMPT INCOME FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 909,275,067
[INVESTMENTS-AT-VALUE] 964,372,375
[RECEIVABLES] 5,030,107
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 983,467,832
[PAYABLE-FOR-SECURITIES] 12,594,194
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,219,485
[TOTAL-LIABILITIES] 19,813,679
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 911,448,445
[SHARES-COMMON-STOCK] 679,421,932
[SHARES-COMMON-PRIOR] 718,415,672
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (342,001)
[ACCUMULATED-NET-GAINS] (2,549,599)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 55,097,308
[NET-ASSETS] 963,654,153
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 31,817,133
[OTHER-INCOME] 0
[EXPENSES-NET] 5,877,457
[NET-INVESTMENT-INCOME] 25,939,676
[REALIZED-GAINS-CURRENT] 5,249,008
[APPREC-INCREASE-CURRENT] 28,638,505
[NET-CHANGE-FROM-OPS] 59,827,189
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 19,091,340
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 15,114,162
[NUMBER-OF-SHARES-REDEEMED] 64,470,459
[SHARES-REINVESTED] 10,362,558
[NET-CHANGE-IN-ASSETS] 59,827,189
[ACCUMULATED-NII-PRIOR] 57,517,554
[ACCUMULATED-GAINS-PRIOR] (7,798,607)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,950,579
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,926,878
[AVERAGE-NET-ASSETS] 965,958,181
[PER-SHARE-NAV-BEGIN] 17.26
[PER-SHARE-NII] 0.46
[PER-SHARE-GAIN-APPREC] 0.62
[PER-SHARE-DIVIDEND] (0.47)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.87
[EXPENSE-RATIO] 1.33
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 4
[NAME] SMITH BARNEY TAX EXEMPT INCOME FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JUL-31-1996
[INVESTMENTS-AT-COST] 909,275,067
[INVESTMENTS-AT-VALUE] 964,372,375
[RECEIVABLES] 5,030,107
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 983,467,832
[PAYABLE-FOR-SECURITIES] 12,594,194
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 7,219,485
[TOTAL-LIABILITIES] 19,813,679
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 911,448,445
[SHARES-COMMON-STOCK] 474,249
[SHARES-COMMON-PRIOR] 205,764
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (342,001)
[ACCUMULATED-NET-GAINS] (2,549,599)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 55,097,308
[NET-ASSETS] 963,654,153
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 31,817,133
[OTHER-INCOME] 0
[EXPENSES-NET] 5,877,457
[NET-INVESTMENT-INCOME] 25,939,676
[REALIZED-GAINS-CURRENT] 5,249,008
[APPREC-INCREASE-CURRENT] 28,638,505
[NET-CHANGE-FROM-OPS] 59,827,189
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 8,892
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 283,932
[NUMBER-OF-SHARES-REDEEMED] 23,176
[SHARES-REINVESTED] 7,729
[NET-CHANGE-IN-ASSETS] 59,827,189
[ACCUMULATED-NII-PRIOR] 57,517,554
[ACCUMULATED-GAINS-PRIOR] (7,798,607)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,950,579
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,926,878
[AVERAGE-NET-ASSETS] 965,958,181
[PER-SHARE-NAV-BEGIN] 17.25
[PER-SHARE-NII] 0.44
[PER-SHARE-GAIN-APPREC] 0.63
[PER-SHARE-DIVIDEND] (0.46)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.86
[EXPENSE-RATIO] 1.37
[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 FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 143,557,115
[INVESTMENTS-AT-VALUE] 143,557,115
[RECEIVABLES] 351,172
[ASSETS-OTHER] 232
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 143,908,519
[PAYABLE-FOR-SECURITIES] 5,007,190
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 564,663
[TOTAL-LIABILITIES] 5,571,853
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 138,400,193
[SHARES-COMMON-STOCK] 136,136,651
[SHARES-COMMON-PRIOR] 160,503,249
[ACCUMULATED-NII-CURRENT] (63,527)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 138,336,666
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4,503,628
[OTHER-INCOME] 0
[EXPENSES-NET] 900,271
[NET-INVESTMENT-INCOME] 3,603,357
[REALIZED-GAINS-CURRENT] 7,726
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 3,611,083
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,529,994
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 128,994,463
[NUMBER-OF-SHARES-REDEEMED] (156,531,505)
[SHARES-REINVESTED] 3,170,444
[NET-CHANGE-IN-ASSETS] (24,953,350)
[ACCUMULATED-NII-PRIOR] 7,953,182
[ACCUMULATED-GAINS-PRIOR] 36,423
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 388,036
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 900,271
[AVERAGE-NET-ASSETS] 150,646,747
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.023
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.023)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 0.012
[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 FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 143,557,115
[INVESTMENTS-AT-VALUE] 143,557,115
[RECEIVABLES] 351,172
[ASSETS-OTHER] 232
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 143,908,519
[PAYABLE-FOR-SECURITIES] 5,007,190
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 564,663
[TOTAL-LIABILITIES] 5,571,853
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 138,400,193
[SHARES-COMMON-STOCK] 2,263,542
[SHARES-COMMON-PRIOR] 2,850,294
[ACCUMULATED-NII-CURRENT] (63,527)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 138,336,666
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4,503,628
[OTHER-INCOME] 0
[EXPENSES-NET] 900,271
[NET-INVESTMENT-INCOME] 3,603,357
[REALIZED-GAINS-CURRENT] 7,726
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 3,611,083
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 73,363
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 36,517,210
[NUMBER-OF-SHARES-REDEEMED] (37,170,444)
[SHARES-REINVESTED] 66,482
[NET-CHANGE-IN-ASSETS] (24,953,350)
[ACCUMULATED-NII-PRIOR] 7,953,182
[ACCUMULATED-GAINS-PRIOR] 36,423
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 388,036
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 900,271
[AVERAGE-NET-ASSETS] 3,140,677
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.023
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.023)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 0.012
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 6
[NAME] SMITH BARNEY CONVERTIBLE FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1995
[INVESTMENTS-AT-COST] 79,676,666
[INVESTMENTS-AT-VALUE] 82,770,394
[RECEIVABLES] 733,537
[ASSETS-OTHER] 14
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 83,504,908
[PAYABLE-FOR-SECURITIES] 1,013,097
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 1,275,072
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 82,229,836
[SHARES-COMMON-STOCK] 198,050
[SHARES-COMMON-PRIOR] 2,416,840
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,841
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 82,229,836
[DIVIDEND-INCOME] 1,080,857
[INTEREST-INCOME] 1,281,990
[OTHER-INCOME] 74,486
[EXPENSES-NET] 699,352
[NET-INVESTMENT-INCOME] 1,813,534
[REALIZED-GAINS-CURRENT] 3,216,573
[APPREC-INCREASE-CURRENT] 670,279
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 955,425
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,754,514
[NUMBER-OF-SHARES-REDEEMED] (5,735,111)
[SHARES-REINVESTED] 666,610
[NET-CHANGE-IN-ASSETS] (540,557)
[ACCUMULATED-NII-PRIOR] 2,075,413
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 34,555
[OVERDIST-NET-GAINS-PRIOR] (5,113,905)
[GROSS-ADVISORY-FEES] 203,982
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 699,352
[AVERAGE-NET-ASSETS] 35,711,724
[PER-SHARE-NAV-BEGIN] 15.27
[PER-SHARE-NII] 0.37
[PER-SHARE-GAIN-APPREC] 0.75
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0.37
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.02
[EXPENSE-RATIO] 1.43
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 6
[NAME] SMITH BARNEY CONVERTIBLE FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1995
[INVESTMENTS-AT-COST] 79,676,666
[INVESTMENTS-AT-VALUE] 82,770,394
[RECEIVABLES] 733,537
[ASSETS-OTHER] 14
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 83,504,908
[PAYABLE-FOR-SECURITIES] 1,013,097
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 1,275,072
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 82,229,836
[SHARES-COMMON-STOCK] 146,129
[SHARES-COMMON-PRIOR] 260,183
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,841
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 82,229,836
[DIVIDEND-INCOME] 1,080,857
[INTEREST-INCOME] 1,281,990
[OTHER-INCOME] 74,486
[EXPENSES-NET] 699,352
[NET-INVESTMENT-INCOME] 1,813,534
[REALIZED-GAINS-CURRENT] 3,216,573
[APPREC-INCREASE-CURRENT] 670,279
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 704,939
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,911,681
[NUMBER-OF-SHARES-REDEEMED] (5,000,910)
[SHARES-REINVESTED] 614,434
[NET-CHANGE-IN-ASSETS] (540,557)
[ACCUMULATED-NII-PRIOR] 2,075,413
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 34,555
[OVERDIST-NET-GAINS-PRIOR] (5,113,905)
[GROSS-ADVISORY-FEES] 203,982
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 699,352
[AVERAGE-NET-ASSETS] 45,922,479
[PER-SHARE-NAV-BEGIN] 15.27
[PER-SHARE-NII] 0.33
[PER-SHARE-GAIN-APPREC] 0.75
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.02
[EXPENSE-RATIO] 1.93
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 6
[NAME] SMITH BARNEY CONVERTIBLE FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1995
[INVESTMENTS-AT-COST] 79,676,666
[INVESTMENTS-AT-VALUE] 82,770,394
[RECEIVABLES] 733,537
[ASSETS-OTHER] 14
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 83,504,908
[PAYABLE-FOR-SECURITIES] 1,013,097
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 1,275,072
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 82,229,836
[SHARES-COMMON-STOCK] 34,025
[SHARES-COMMON-PRIOR] 5,273
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 10,841
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 82,229,836
[DIVIDEND-INCOME] 1,080,857
[INTEREST-INCOME] 1,281,990
[OTHER-INCOME] 74,486
[EXPENSES-NET] 699,352
[NET-INVESTMENT-INCOME] 1,813,534
[REALIZED-GAINS-CURRENT] 3,216,573
[APPREC-INCREASE-CURRENT] 670,279
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 164,011
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 536,928
[NUMBER-OF-SHARES-REDEEMED] (245,803)
[SHARES-REINVESTED] 6,791
[NET-CHANGE-IN-ASSETS] (540,557)
[ACCUMULATED-NII-PRIOR] 2,075,413
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 34,555
[OVERDIST-NET-GAINS-PRIOR] (5,113,905)
[GROSS-ADVISORY-FEES] 203,982
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 699,352
[AVERAGE-NET-ASSETS] 374,367
[PER-SHARE-NAV-BEGIN] 15.27
[PER-SHARE-NII] 0.33
[PER-SHARE-GAIN-APPREC] 0.74
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.01
[EXPENSE-RATIO] 2.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] SMITH BARNEY HIGH INCOME BOND FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 889,247,353
[INVESTMENTS-AT-VALUE] 916,372,796
[RECEIVABLES] 19,104,888
[ASSETS-OTHER] 5,722
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 935,483,406
[PAYABLE-FOR-SECURITIES] 14,297,317
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,430,803
[TOTAL-LIABILITIES] 15,728,120
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,138,058
[SHARES-COMMON-STOCK] 29,678
[SHARES-COMMON-PRIOR] 28,531
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 681,323
[ACCUMULATED-NET-GAINS] 2,255,370
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 27,125,443
[NET-ASSETS] 919,755,286
[DIVIDEND-INCOME] 2,590,016
[INTEREST-INCOME] 44,128,568
[OTHER-INCOME] 0
[EXPENSES-NET] 6,063,693
[NET-INVESTMENT-INCOME] 40,654,891
[REALIZED-GAINS-CURRENT] 2,255,370
[APPREC-INCREASE-CURRENT] 15,433,897
[NET-CHANGE-FROM-OPS] 58,344,158
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 15,725,114
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,601,705
[NUMBER-OF-SHARES-REDEEMED] 2,254,458
[SHARES-REINVESTED] 799,397
[NET-CHANGE-IN-ASSETS] 80,218,660
[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] 2,147,334
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,063,693
[AVERAGE-NET-ASSETS] 324,690,079
[PER-SHARE-NAV-BEGIN] 11.10
[PER-SHARE-NII] 0.58
[PER-SHARE-GAIN-APPREC] 0.19
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.54)
[RETURNS-OF-CAPITAL] 7.13
[PER-SHARE-NAV-END] 11.33
[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] 8
[NAME] SMITH BARNEY HIGH INCOME BOND FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 889,247,353
[INVESTMENTS-AT-VALUE] 916,372,796
[RECEIVABLES] 19,104,888
[ASSETS-OTHER] 5,722
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 935,483,406
[PAYABLE-FOR-SECURITIES] 14,297,317
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,430,803
[TOTAL-LIABILITIES] 15,728,120
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,138,058
[SHARES-COMMON-STOCK] 47,685
[SHARES-COMMON-PRIOR] 43,081
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 681,323
[ACCUMULATED-NET-GAINS] 2,255,370
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 27,125,443
[NET-ASSETS] 919,755,286
[DIVIDEND-INCOME] 2,590,016
[INTEREST-INCOME] 44,128,568
[OTHER-INCOME] 0
[EXPENSES-NET] 6,063,693
[NET-INVESTMENT-INCOME] 40,654,891
[REALIZED-GAINS-CURRENT] 2,255,370
[APPREC-INCREASE-CURRENT] 15,433,897
[NET-CHANGE-FROM-OPS] 58,344,158
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 23,294,889
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,671,772
[NUMBER-OF-SHARES-REDEEMED] 4,062,777
[SHARES-REINVESTED] 995,468
[NET-CHANGE-IN-ASSETS] 80,218,660
[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] 2,147,334
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,063,693
[AVERAGE-NET-ASSETS] 504,874,935
[PER-SHARE-NAV-BEGIN] 11.11
[PER-SHARE-NII] 0.55
[PER-SHARE-GAIN-APPREC] 0.18
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.51)
[RETURNS-OF-CAPITAL] 6.77
[PER-SHARE-NAV-END] 11.33
[EXPENSE-RATIO] 1.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] SMITH BARNEY HIGH INCOME BOND FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 889,247,353
[INVESTMENTS-AT-VALUE] 916,372,796
[RECEIVABLES] 19,104,888
[ASSETS-OTHER] 5,722
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 935,483,406
[PAYABLE-FOR-SECURITIES] 14,297,317
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,430,803
[TOTAL-LIABILITIES] 15,728,120
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,138,058
[SHARES-COMMON-STOCK] 1,166
[SHARES-COMMON-PRIOR] 541
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 681,323
[ACCUMULATED-NET-GAINS] 2,255,370
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 27,125,443
[NET-ASSETS] 919,755,286
[DIVIDEND-INCOME] 2,590,016
[INTEREST-INCOME] 44,128,568
[OTHER-INCOME] 0
[EXPENSES-NET] 6,063,693
[NET-INVESTMENT-INCOME] 40,654,891
[REALIZED-GAINS-CURRENT] 2,255,370
[APPREC-INCREASE-CURRENT] 15,433,897
[NET-CHANGE-FROM-OPS] 58,344,158
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 441,306
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 666,168
[NUMBER-OF-SHARES-REDEEMED] 63,623
[SHARES-REINVESTED] 22,580
[NET-CHANGE-IN-ASSETS] 80,218,660
[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] 2,147,334
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,063,693
[AVERAGE-NET-ASSETS] 9,918,187
[PER-SHARE-NAV-BEGIN] 11.11
[PER-SHARE-NII] 0.56
[PER-SHARE-GAIN-APPREC] 0.18
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.52)
[RETURNS-OF-CAPITAL] 6.89
[PER-SHARE-NAV-END] 11.33
[EXPENSE-RATIO] 1.55
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] SMITH BARNEY HIGH INCOME BOND FUND - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 889,247,353
[INVESTMENTS-AT-VALUE] 916,372,796
[RECEIVABLES] 19,104,888
[ASSETS-OTHER] 5,722
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 935,483,406
[PAYABLE-FOR-SECURITIES] 14,297,317
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,430,803
[TOTAL-LIABILITIES] 15,728,120
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,138,058
[SHARES-COMMON-STOCK] 1,854
[SHARES-COMMON-PRIOR] 928
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 681,323
[ACCUMULATED-NET-GAINS] 2,255,370
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 27,125,443
[NET-ASSETS] 919,755,286
[DIVIDEND-INCOME] 2,590,016
[INTEREST-INCOME] 44,128,568
[OTHER-INCOME] 0
[EXPENSES-NET] 6,063,693
[NET-INVESTMENT-INCOME] 40,654,891
[REALIZED-GAINS-CURRENT] 2,255,370
[APPREC-INCREASE-CURRENT] 15,433,897
[NET-CHANGE-FROM-OPS] 58,344,158
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 512,241
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,782,050
[NUMBER-OF-SHARES-REDEEMED] 1,902,295
[SHARES-REINVESTED] 45,842
[NET-CHANGE-IN-ASSETS] 80,218,660
[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] 2,147,334
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,063,693
[AVERAGE-NET-ASSETS] 9,912,510
[PER-SHARE-NAV-BEGIN] 11.10
[PER-SHARE-NII] 0.41
[PER-SHARE-GAIN-APPREC] 0.19
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.37)
[RETURNS-OF-CAPITAL] 5.49
[PER-SHARE-NAV-END] 11.33
[EXPENSE-RATIO] 0.85
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 8
[NAME] SMITH BARNEY HIGH INCOME BOND FUND - CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 889,247,353
[INVESTMENTS-AT-VALUE] 916,372,796
[RECEIVABLES] 19,104,888
[ASSETS-OTHER] 5,722
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 935,483,406
[PAYABLE-FOR-SECURITIES] 14,297,317
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,430,803
[TOTAL-LIABILITIES] 15,728,120
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,138,058
[SHARES-COMMON-STOCK] 784
[SHARES-COMMON-PRIOR] 894
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 681,323
[ACCUMULATED-NET-GAINS] 2,255,370
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 27,125,443
[NET-ASSETS] 919,755,286
[DIVIDEND-INCOME] 2,590,016
[INTEREST-INCOME] 44,128,568
[OTHER-INCOME] 0
[EXPENSES-NET] 6,063,693
[NET-INVESTMENT-INCOME] 40,654,891
[REALIZED-GAINS-CURRENT] 2,255,370
[APPREC-INCREASE-CURRENT] 15,433,897
[NET-CHANGE-FROM-OPS] 58,344,158
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 458,610
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 313
[NUMBER-OF-SHARES-REDEEMED] 151,886
[SHARES-REINVESTED] 41,268
[NET-CHANGE-IN-ASSETS] 80,218,660
[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] 2,147,334
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,063,693
[AVERAGE-NET-ASSETS] 9,245,590
[PER-SHARE-NAV-BEGIN] 11.09
[PER-SHARE-NII] 0.59
[PER-SHARE-GAIN-APPREC] 0.19
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.55)
[RETURNS-OF-CAPITAL] 7.27
[PER-SHARE-NAV-END] 11.32
[EXPENSE-RATIO] 0.85
[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 FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 1,678,127,382
[INVESTMENTS-AT-VALUE] 1,919,026,044
[RECEIVABLES] 27,589,920
[ASSETS-OTHER] 255
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,946,616,219
[PAYABLE-FOR-SECURITIES] 1,421,750
[SENIOR-LONG-TERM-DEBT] 3,022,850
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 4,444,600
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,703,932,806
[SHARES-COMMON-STOCK] 16,274,786
[SHARES-COMMON-PRIOR] 12,046,494
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3,921,924)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 240,898,662
[NET-ASSETS] 1,942,261,619
[DIVIDEND-INCOME] 29,399,682
[INTEREST-INCOME] 32,352,073
[OTHER-INCOME] (13,222)
[EXPENSES-NET] 13,961,061
[NET-INVESTMENT-INCOME] 47,777,472
[REALIZED-GAINS-CURRENT] 29,592,319
[APPREC-INCREASE-CURRENT] 180,715,463
[NET-CHANGE-FROM-OPS] 258,085,254
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 5,691,748
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,223,458
[NUMBER-OF-SHARES-REDEEMED] (1,765,359)
[SHARES-REINVESTED] 296,787
[NET-CHANGE-IN-ASSETS] (29,416,276)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,194,135
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 203,416,934
[PER-SHARE-NAV-BEGIN] 14.03
[PER-SHARE-NII] 0.42
[PER-SHARE-GAIN-APPREC] 1.69
[PER-SHARE-DIVIDEND] (0.41)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.73
[EXPENSE-RATIO] 1.07
[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 FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 1,678,127,382
[INVESTMENTS-AT-VALUE] 1,919,026,044
[RECEIVABLES] 27,589,920
[ASSETS-OTHER] 255
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,946,616,219
[PAYABLE-FOR-SECURITIES] 1,421,750
[SENIOR-LONG-TERM-DEBT] 3,022,850
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 4,444,600
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,703,932,806
[SHARES-COMMON-STOCK] 105,210,358
[SHARES-COMMON-PRIOR] 112,179,525
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3,921,924)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 240,898,662
[NET-ASSETS] 1,942,261,619
[DIVIDEND-INCOME] 29,399,682
[INTEREST-INCOME] 32,352,073
[OTHER-INCOME] (13,222)
[EXPENSES-NET] 13,961,061
[NET-INVESTMENT-INCOME] 47,777,472
[REALIZED-GAINS-CURRENT] 29,592,319
[APPREC-INCREASE-CURRENT] 180,715,463
[NET-CHANGE-FROM-OPS] 258,085,254
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 40,180,763
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,422,176
[NUMBER-OF-SHARES-REDEEMED] (12,560,884)
[SHARES-REINVESTED] 2,038,833
[NET-CHANGE-IN-ASSETS] (29,416,276)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,194,135
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 1,612,959,758
[PER-SHARE-NAV-BEGIN] 14.02
[PER-SHARE-NII] 0.39
[PER-SHARE-GAIN-APPREC] 1.69
[PER-SHARE-DIVIDEND] (0.37)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.73
[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] 9
[NAME] SMITH BARNEY UTILITIES FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 1,678,127,382
[INVESTMENTS-AT-VALUE] 1,919,026,044
[RECEIVABLES] 27,589,920
[ASSETS-OTHER] 255
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,946,616,219
[PAYABLE-FOR-SECURITIES] 1,421,750
[SENIOR-LONG-TERM-DEBT] 3,022,850
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 4,444,600
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,703,932,806
[SHARES-COMMON-STOCK] 822,759
[SHARES-COMMON-PRIOR] 279,981
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3,921,924)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 240,898,662
[NET-ASSETS] 1,942,261,619
[DIVIDEND-INCOME] 29,399,682
[INTEREST-INCOME] 32,352,073
[OTHER-INCOME] (13,222)
[EXPENSES-NET] 13,961,061
[NET-INVESTMENT-INCOME] 47,777,472
[REALIZED-GAINS-CURRENT] 29,592,319
[APPREC-INCREASE-CURRENT] 180,715,463
[NET-CHANGE-FROM-OPS] 258,085,254
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 205,290
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 139,448
[NUMBER-OF-SHARES-REDEEMED] (94,568)
[SHARES-REINVESTED] 11,460
[NET-CHANGE-IN-ASSETS] (29,416,276)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,194,135
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 7,644,775
[PER-SHARE-NAV-BEGIN] 14.02
[PER-SHARE-NII] 0.39
[PER-SHARE-GAIN-APPREC] 1.69
[PER-SHARE-DIVIDEND] (0.37)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.73
[EXPENSE-RATIO] 1.52
[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 FUND - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 1,678,127,382
[INVESTMENTS-AT-VALUE] 1,919,026,044
[RECEIVABLES] 27,589,920
[ASSETS-OTHER] 255
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,946,616,219
[PAYABLE-FOR-SECURITIES] 1,421,750
[SENIOR-LONG-TERM-DEBT] 3,022,850
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 4,444,600
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,703,932,806
[SHARES-COMMON-STOCK] 160,553
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3,921,924)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 240,898,662
[NET-ASSETS] 1,942,261,619
[DIVIDEND-INCOME] 29,399,682
[INTEREST-INCOME] 32,352,073
[OTHER-INCOME] (13,222)
[EXPENSES-NET] 13,961,061
[NET-INVESTMENT-INCOME] 47,777,472
[REALIZED-GAINS-CURRENT] 29,592,319
[APPREC-INCREASE-CURRENT] 180,715,463
[NET-CHANGE-FROM-OPS] 258,085,254
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 45,080
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 157,618
[NUMBER-OF-SHARES-REDEEMED] (94,568)
[SHARES-REINVESTED] 2,935
[NET-CHANGE-IN-ASSETS] (29,416,276)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,194,135
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 2,411,968
[PER-SHARE-NAV-BEGIN] 14.88
[PER-SHARE-NII] 0.28
[PER-SHARE-GAIN-APPREC] 0.86
[PER-SHARE-DIVIDEND] (0.28)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.74
[EXPENSE-RATIO] 0.82
[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 FUND - CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 1,678,127,382
[INVESTMENTS-AT-VALUE] 1,919,026,044
[RECEIVABLES] 27,589,920
[ASSETS-OTHER] 255
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,946,616,219
[PAYABLE-FOR-SECURITIES] 1,421,750
[SENIOR-LONG-TERM-DEBT] 3,022,850
[OTHER-ITEMS-LIABILITIES] 0
[TOTAL-LIABILITIES] 4,444,600
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,703,932,806
[SHARES-COMMON-STOCK] 994,200
[SHARES-COMMON-PRIOR] 1,043,265
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3,921,924)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 240,898,662
[NET-ASSETS] 1,942,261,619
[DIVIDEND-INCOME] 29,399,682
[INTEREST-INCOME] 32,352,073
[OTHER-INCOME] (13,222)
[EXPENSES-NET] 13,961,061
[NET-INVESTMENT-INCOME] 47,777,472
[REALIZED-GAINS-CURRENT] 29,592,319
[APPREC-INCREASE-CURRENT] 180,715,463
[NET-CHANGE-FROM-OPS] 258,085,254
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 425,979
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 55,935
[NUMBER-OF-SHARES-REDEEMED] (133,330)
[SHARES-REINVESTED] 28,330
[NET-CHANGE-IN-ASSETS] (29,416,276)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,194,135
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 14,874,173
[PER-SHARE-NAV-BEGIN] 14.02
[PER-SHARE-NII] 0.44
[PER-SHARE-GAIN-APPREC] 1.71
[PER-SHARE-DIVIDEND] (0.43)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.74
[EXPENSE-RATIO] 0.82
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,536,387,107
[INVESTMENTS-AT-VALUE] 2,624,678,616
[RECEIVABLES] 128,973,672
[ASSETS-OTHER] 25,692,742
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,779,345,030
[PAYABLE-FOR-SECURITIES] 7,693,971
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 107,340,136
[TOTAL-LIABILITIES] 115,034,107
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,694,369
[SHARES-COMMON-STOCK] 24,056,858
[SHARES-COMMON-PRIOR] 22,583,437
[ACCUMULATED-NII-CURRENT] 98,892,732
[OVERDISTRIBUTION-NII] (20,362,107)
[ACCUMULATED-NET-GAINS] (104,492,886)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 94,462,478
[NET-ASSETS] 2,664,310,923
[DIVIDEND-INCOME] 2,718,721
[INTEREST-INCOME] 116,402,848
[OTHER-INCOME] 0
[EXPENSES-NET] 19,945,928
[NET-INVESTMENT-INCOME] 98,892,732
[REALIZED-GAINS-CURRENT] (6,445,666)
[APPREC-INCREASE-CURRENT] 47,423,601
[NET-CHANGE-FROM-OPS] 139,870,667
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,131,902
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,418,442
[NUMBER-OF-SHARES-REDEEMED] 4,527,822
[SHARES-REINVESTED] 582,801
[NET-CHANGE-IN-ASSETS] 139,870,667
[ACCUMULATED-NII-PRIOR] 194,342,067
[ACCUMULATED-GAINS-PRIOR] (102,365,054)
[OVERDISTRIB-NII-PRIOR] (11,805,103)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,866,673
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,945,928
[AVERAGE-NET-ASSETS] 180,780,496
[PER-SHARE-NAV-BEGIN] 7.76
[PER-SHARE-NII] 0.29
[PER-SHARE-GAIN-APPREC] 0.15
[PER-SHARE-DIVIDEND] 0.055
[PER-SHARE-DISTRIBUTIONS] 0.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.96
[EXPENSE-RATIO] 1.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,536,387,107
[INVESTMENTS-AT-VALUE] 2,624,678,616
[RECEIVABLES] 128,973,672
[ASSETS-OTHER] 25,692,742
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,779,345,030
[PAYABLE-FOR-SECURITIES] 7,693,971
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 107,340,136
[TOTAL-LIABILITIES] 115,034,107
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,694,369
[SHARES-COMMON-STOCK] 304,669,068
[SHARES-COMMON-PRIOR] 301,043,025
[ACCUMULATED-NII-CURRENT] 98,892,732
[OVERDISTRIBUTION-NII] (20,362,107)
[ACCUMULATED-NET-GAINS] (104,492,886)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 94,462,478
[NET-ASSETS] 2,664,310,923
[DIVIDEND-INCOME] 2,718,721
[INTEREST-INCOME] 116,402,848
[OTHER-INCOME] 0
[EXPENSES-NET] 19,945,928
[NET-INVESTMENT-INCOME] 98,892,732
[REALIZED-GAINS-CURRENT] (6,445,666)
[APPREC-INCREASE-CURRENT] 47,423,601
[NET-CHANGE-FROM-OPS] 139,870,667
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,131,902
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 22,421,878
[NUMBER-OF-SHARES-REDEEMED] 25,422,423
[SHARES-REINVESTED] 6,626,588
[NET-CHANGE-IN-ASSETS] 139,870,667
[ACCUMULATED-NII-PRIOR] 194,342,067
[ACCUMULATED-GAINS-PRIOR] (102,365,054)
[OVERDISTRIB-NII-PRIOR] (11,805,103)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,866,673
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,945,928
[AVERAGE-NET-ASSETS] 2,382,038,326
[PER-SHARE-NAV-BEGIN] 7.76
[PER-SHARE-NII] 0.27
[PER-SHARE-GAIN-APPREC] 0.15
[PER-SHARE-DIVIDEND] 0.052
[PER-SHARE-DISTRIBUTIONS] 0.31
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.97
[EXPENSE-RATIO] 1.56
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,536,387,107
[INVESTMENTS-AT-VALUE] 2,624,678,616
[RECEIVABLES] 128,973,672
[ASSETS-OTHER] 25,692,742
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,779,345,030
[PAYABLE-FOR-SECURITIES] 7,693,971
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 107,340,136
[TOTAL-LIABILITIES] 115,034,107
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,694,369
[SHARES-COMMON-STOCK] 3,338,201
[SHARES-COMMON-PRIOR] 1,623,067
[ACCUMULATED-NII-CURRENT] 98,892,732
[OVERDISTRIBUTION-NII] (20,362,107)
[ACCUMULATED-NET-GAINS] (104,492,886)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 94,462,478
[NET-ASSETS] 2,664,310,923
[DIVIDEND-INCOME] 2,718,721
[INTEREST-INCOME] 116,402,848
[OTHER-INCOME] 0
[EXPENSES-NET] 19,945,928
[NET-INVESTMENT-INCOME] 98,892,732
[REALIZED-GAINS-CURRENT] (6,445,666)
[APPREC-INCREASE-CURRENT] 47,423,601
[NET-CHANGE-FROM-OPS] 139,870,667
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,131,902
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,777,687
[NUMBER-OF-SHARES-REDEEMED] 139,379
[SHARES-REINVESTED] 76,826
[NET-CHANGE-IN-ASSETS] 139,870,667
[ACCUMULATED-NII-PRIOR] 194,342,067
[ACCUMULATED-GAINS-PRIOR] (102,365,054)
[OVERDISTRIB-NII-PRIOR] (11,805,103)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,866,673
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,945,928
[AVERAGE-NET-ASSETS] 18,821,408
[PER-SHARE-NAV-BEGIN] 7.76
[PER-SHARE-NII] 0.27
[PER-SHARE-GAIN-APPREC] 0.15
[PER-SHARE-DIVIDEND] 0.052
[PER-SHARE-DISTRIBUTIONS] 0.31
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.97
[EXPENSE-RATIO] 0.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,536,387,107
[INVESTMENTS-AT-VALUE] 2,624,678,616
[RECEIVABLES] 128,973,672
[ASSETS-OTHER] 25,692,742
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,779,345,030
[PAYABLE-FOR-SECURITIES] 7,693,971
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 107,340,136
[TOTAL-LIABILITIES] 115,034,107
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,694,369
[SHARES-COMMON-STOCK] 306,470
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 98,892,732
[OVERDISTRIBUTION-NII] (20,362,107)
[ACCUMULATED-NET-GAINS] (104,492,886)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 94,462,478
[NET-ASSETS] 2,664,310,923
[DIVIDEND-INCOME] 2,718,721
[INTEREST-INCOME] 116,402,848
[OTHER-INCOME] 0
[EXPENSES-NET] 19,945,928
[NET-INVESTMENT-INCOME] 98,892,732
[REALIZED-GAINS-CURRENT] (6,445,666)
[APPREC-INCREASE-CURRENT] 47,423,601
[NET-CHANGE-FROM-OPS] 139,870,667
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,131,902
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 297,678
[NUMBER-OF-SHARES-REDEEMED] 1
[SHARES-REINVESTED] 8,793
[NET-CHANGE-IN-ASSETS] 139,870,667
[ACCUMULATED-NII-PRIOR] 194,342,067
[ACCUMULATED-GAINS-PRIOR] (102,365,054)
[OVERDISTRIB-NII-PRIOR] (11,805,103)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,866,673
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,945,928
[AVERAGE-NET-ASSETS] 2,467,557
[PER-SHARE-NAV-BEGIN] 7.76
[PER-SHARE-NII] 0.18
[PER-SHARE-GAIN-APPREC] 0.13
[PER-SHARE-DIVIDEND] 0.058
[PER-SHARE-DISTRIBUTIONS] 0.23
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.97
[EXPENSE-RATIO] 0.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 10
[NAME] SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND - CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 2,536,387,107
[INVESTMENTS-AT-VALUE] 2,624,678,616
[RECEIVABLES] 128,973,672
[ASSETS-OTHER] 25,692,742
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,779,345,030
[PAYABLE-FOR-SECURITIES] 7,693,971
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 107,340,136
[TOTAL-LIABILITIES] 115,034,107
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,694,369
[SHARES-COMMON-STOCK] 1,834,935
[SHARES-COMMON-PRIOR] 1,829,176
[ACCUMULATED-NII-CURRENT] 98,892,732
[OVERDISTRIBUTION-NII] (20,362,107)
[ACCUMULATED-NET-GAINS] (104,492,886)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 94,462,478
[NET-ASSETS] 2,664,310,923
[DIVIDEND-INCOME] 2,718,721
[INTEREST-INCOME] 116,402,848
[OTHER-INCOME] 0
[EXPENSES-NET] 19,945,928
[NET-INVESTMENT-INCOME] 98,892,732
[REALIZED-GAINS-CURRENT] (6,445,666)
[APPREC-INCREASE-CURRENT] 47,423,601
[NET-CHANGE-FROM-OPS] 139,870,667
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 103,131,902
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 156,239
[NUMBER-OF-SHARES-REDEEMED] 231,313
[SHARES-REINVESTED] 80,833
[NET-CHANGE-IN-ASSETS] 139,870,667
[ACCUMULATED-NII-PRIOR] 194,342,067
[ACCUMULATED-GAINS-PRIOR] (102,365,054)
[OVERDISTRIB-NII-PRIOR] (11,805,103)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,866,673
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,945,928
[AVERAGE-NET-ASSETS] 14,546,113
[PER-SHARE-NAV-BEGIN] 7.76
[PER-SHARE-NII] 0.30
[PER-SHARE-GAIN-APPREC] 0.15
[PER-SHARE-DIVIDEND] 0.058
[PER-SHARE-DISTRIBUTIONS] 0.34
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.96
[EXPENSE-RATIO] 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
