<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 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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063 B000800 8.4
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 N
070 D010800 N
070 D020800 N
070 E010800 N
070 E020800 N
070 F010800 N
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
070 I010800 Y
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 525735
071 B000800 351231
071 C000800 978910
071 D000800 36
072 A000800 6
072 B000800 55967
<PAGE> PAGE 22
072 C000800 2845
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073 A010800 0.0900
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074 A000800 0
074 B000800 56150
074 C000800 0
074 D000800 987677
074 E000800 70283
074 F000800 3471
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<PAGE> PAGE 23
074 Q000800 0
074 R010800 0
074 R020800 0
074 R030800 0
074 R040800 9829
074 S000800 0
074 T000800 1151923
074 U010800 33671
074 U020800 54478
074 V010800 11.51
074 V020800 11.52
074 W000800 0.0000
074 X000800 55
074 Y000800 0
075 A000800 0
075 B000800 1081898
076 000800 0.00
028 A010900 7765
028 A020900 0
028 A030900 0
028 A040900 35040
028 B010900 8152
028 B020900 10386
028 B030900 0
028 B040900 44592
028 C010900 9077
028 C020900 5019
028 C030900 0
028 C040900 58176
028 D010900 10713
028 D020900 26706
028 D030900 0
028 D040900 56671
028 E010900 8916
028 E020900 9771
028 E030900 0
028 E040900 50270
028 F010900 6634
028 F020900 5
028 F030900 0
028 F040900 63256
028 G010900 51257
028 G020900 51887
028 G030900 0
028 G040900 308005
028 H000900 0
029 000900 Y
030 A000900 32
030 B000900 5.00
030 C000900 1.00
031 A000900 0
<PAGE> PAGE 24
031 B000900 0
032 000900 0
033 000900 32
034 000900 N
035 000900 0
036 B000900 0
037 000900 N
038 000900 0
039 000900 Y
040 000900 Y
041 000900 Y
042 A000900 0
042 B000900 0
042 C000900 0
042 D000900 0
042 E000900 0
042 F000900 0
042 G000900 0
042 H000900 0
043 000900 0
044 000900 5097
045 000900 Y
046 000900 N
047 000900 Y
048 000900 0.450
048 A010900 0
048 A020900 0.000
048 B010900 0
048 B020900 0.000
048 C010900 0
048 C020900 0.000
048 D010900 0
048 D020900 0.000
048 E010900 0
048 E020900 0.000
048 F010900 0
048 F020900 0.000
048 G010900 0
048 G020900 0.000
048 H010900 0
048 H020900 0.000
048 I010900 0
048 I020900 0.000
048 J010900 0
048 J020900 0.000
048 K010900 0
048 K020900 0.000
062 A000900 Y
062 B000900 0.0
062 C000900 0.0
062 D000900 0.3
<PAGE> PAGE 25
062 E000900 0.0
062 F000900 0.0
062 G000900 0.0
062 H000900 0.0
062 I000900 0.0
062 J000900 0.0
062 K000900 0.0
062 L000900 0.0
062 M000900 0.0
062 N000900 0.0
062 O000900 0.0
062 P000900 40.1
062 Q000900 1.0
062 R000900 58.6
063 A000900 0
063 B000900 30.4
064 A000900 Y
064 B000900 N
066 A000900 Y
066 D000900 Y
067 000900 N
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
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
<PAGE> PAGE 26
070 N020900 Y
070 O010900 Y
070 O020900 N
070 P010900 N
070 P020900 Y
070 Q010900 N
070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 297074
071 B000900 525109
071 C000900 1521472
071 D000900 20
072 A000900 6
072 B000900 24429
072 C000900 25479
072 D000900 0
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072CC020900 0
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072DD020900 0
072EE000900 32857
073 A010900 0.4100
073 A020900 0.0000
073 B000900 0.3200
073 C000900 0.0000
074 A000900 1596
<PAGE> PAGE 27
074 B000900 3873
074 C000900 0
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074 F000900 849276
074 G000900 0
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074 R040900 9133
074 S000900 0
074 T000900 1450420
074 U010900 97220
074 U020900 0
074 V010900 14.92
074 V020900 0.00
074 W000900 0.0000
074 X000900 0
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075 A000900 0
075 B000900 1557781
076 000900 0.00
028 A011000 41375
028 A021000 0
028 A031000 0
028 A041000 34670
028 B011000 37690
028 B021000 19579
028 B031000 0
028 B041000 37482
028 C011000 44223
028 C021000 9788
028 C031000 0
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028 D011000 45650
028 D021000 0
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028 D041000 39015
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028 E021000 19678
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<PAGE> PAGE 28
028 E041000 43409
028 F011000 47263
028 F021000 0
028 F031000 0
028 F041000 47940
028 G011000 261551
028 G021000 49045
028 G031000 0
028 G041000 246785
028 H001000 48793
029 001000 Y
030 A001000 1549
030 B001000 4.50
030 C001000 0.00
031 A001000 1549
031 B001000 0
032 001000 0
033 001000 0
034 001000 N
035 001000 0
036 B001000 0
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038 001000 0
039 001000 N
040 001000 Y
041 001000 Y
042 A001000 0
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042 F001000 0
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042 H001000 100
043 001000 9655
044 001000 0
045 001000 Y
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<PAGE> PAGE 29
048 F021000 0.000
048 G011000 0
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048 H021000 0.000
048 I011000 0
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048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
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050 001000 N
051 001000 N
052 001000 N
053 A001000 N
062 A001000 Y
062 B001000 0.0
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062 D001000 1.7
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062 R001000 0.1
063 A001000 0
063 B001000 13.1
066 A001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
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070 C021000 N
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070 D021000 N
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070 E021000 N
<PAGE> PAGE 30
070 F011000 N
070 F021000 N
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070 H011000 N
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070 I011000 N
070 I021000 N
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070 L011000 Y
070 L021000 Y
070 M011000 Y
070 M021000 Y
070 N011000 Y
070 N021000 N
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070 O021000 N
070 P011000 N
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
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<PAGE> PAGE 31
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
[NUMBER] 4
[NAME] TAX EXEMPT INCOME FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 810,330,128
[INVESTMENTS-AT-VALUE] 844,123,946
[RECEIVABLES] 14,481,216
[ASSETS-OTHER] 44,517
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 858,649,679
[PAYABLE-FOR-SECURITIES] 5,923,867
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,436,098
[TOTAL-LIABILITIES] 10,359,965
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 811,947,442
[SHARES-COMMON-STOCK] 13,519,097
[SHARES-COMMON-PRIOR] 13,376,651
[ACCUMULATED-NII-CURRENT] 325,922
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2,222,532
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,793,818
[NET-ASSETS] 848,289,714
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 28,278,198
[OTHER-INCOME] 0
[EXPENSES-NET] 5,254,030
[NET-INVESTMENT-INCOME] 23,024,168
[REALIZED-GAINS-CURRENT] 5,204,930
[APPREC-INCREASE-CURRENT] 7,977,460
[NET-CHANGE-FROM-OPS] 36,206,558
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 6,622,569
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 25,028,061
[NUMBER-OF-SHARES-REDEEMED] 25,776,473
[SHARES-REINVESTED] 3,246,472
[NET-CHANGE-IN-ASSETS] (37,033,146)
[ACCUMULATED-NII-PRIOR] 71,821
[ACCUMULATED-GAINS-PRIOR] (2,982,398)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,761,181
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5,254,030
[AVERAGE-NET-ASSETS] 236,299,823
[PER-SHARE-NAV-BEGIN] 17.31
[PER-SHARE-NII] 00.49
[PER-SHARE-GAIN-APPREC] 00.27
[PER-SHARE-DIVIDEND] 00.49
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.58
[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 FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 810,330,128
[INVESTMENTS-AT-VALUE] 844,123,946
[RECEIVABLES] 14,481,216
[ASSETS-OTHER] 44,517
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 858,649,679
[PAYABLE-FOR-SECURITIES] 5,923,867
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,436,098
[TOTAL-LIABILITIES] 10,359,965
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 811,947,442
[SHARES-COMMON-STOCK] 34,688,615
[SHARES-COMMON-PRIOR] 37,708,244
[ACCUMULATED-NII-CURRENT] 325,922
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2,222,532
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,793,818
[NET-ASSETS] 848,289,714
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 28,278,198
[OTHER-INCOME] 0
[EXPENSES-NET] 5,254,030
[NET-INVESTMENT-INCOME] 23,024,168
[REALIZED-GAINS-CURRENT] 5,204,930
[APPREC-INCREASE-CURRENT] 7,977,460
[NET-CHANGE-FROM-OPS] 36,206,558
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 16,133,219
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 9,583,053
[NUMBER-OF-SHARES-REDEEMED] 69,757,796
[SHARES-REINVESTED] 7,171,760
[NET-CHANGE-IN-ASSETS] (37,033,146)
[ACCUMULATED-NII-PRIOR] 71,821
[ACCUMULATED-GAINS-PRIOR] (2,982,398)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,761,181
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5,254,030
[AVERAGE-NET-ASSETS] 636,347,205
[PER-SHARE-NAV-BEGIN] 17.32
[PER-SHARE-NII] 00.45
[PER-SHARE-GAIN-APPREC] 00.27
[PER-SHARE-DIVIDEND] 00.45
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.59
[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 FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 810,330,128
[INVESTMENTS-AT-VALUE] 844,123,946
[RECEIVABLES] 14,481,216
[ASSETS-OTHER] 44,517
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 858,649,679
[PAYABLE-FOR-SECURITIES] 5,923,867
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,436,098
[TOTAL-LIABILITIES] 10,359,965
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 811,947,442
[SHARES-COMMON-STOCK] 33,532
[SHARES-COMMON-PRIOR] 31,538
[ACCUMULATED-NII-CURRENT] 325,922
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 2,222,532
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 33,793,818
[NET-ASSETS] 848,289,714
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 28,278,198
[OTHER-INCOME] 0
[EXPENSES-NET] 5,254,030
[NET-INVESTMENT-INCOME] 23,024,168
[REALIZED-GAINS-CURRENT] 5,204,930
[APPREC-INCREASE-CURRENT] 7,977,460
[NET-CHANGE-FROM-OPS] 36,206,558
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 14,279
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 54,602
[NUMBER-OF-SHARES-REDEEMED] 28,558
[SHARES-REINVESTED] 9,242
[NET-CHANGE-IN-ASSETS] (37,033,146)
[ACCUMULATED-NII-PRIOR] 71,821
[ACCUMULATED-GAINS-PRIOR] (2,982,398)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,761,181
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5,254,030
[AVERAGE-NET-ASSETS] 562,442
[PER-SHARE-NAV-BEGIN] 17.31
[PER-SHARE-NII] 00.43
[PER-SHARE-GAIN-APPREC] 00.26
[PER-SHARE-DIVIDEND] 00.44
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.56
[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 FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 146,686,728
[INVESTMENTS-AT-VALUE] 146,686,728
[RECEIVABLES] 602,975
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 1,277
[TOTAL-ASSETS] 147,290,980
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 134,656
[TOTAL-LIABILITIES] 134,656
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 147,197,111
[SHARES-COMMON-STOCK] 140,605,555
[SHARES-COMMON-PRIOR] 150,476,738
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 147,156,324
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4,220,176
[OTHER-INCOME] 0
[EXPENSES-NET] 896,148
[NET-INVESTMENT-INCOME] 3,324,028
[REALIZED-GAINS-CURRENT] 14,669
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 3,338,697
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 4,004,957
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 175,137,279
[NUMBER-OF-SHARES-REDEEMED] 187,693,939
[SHARES-REINVESTED] 2,685,476
[NET-CHANGE-IN-ASSETS] (12,709,013)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 231,584
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 896,148
[AVERAGE-NET-ASSETS] 145,593,538
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.022
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.022
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 1.16
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 146,686,728
[INVESTMENTS-AT-VALUE] 146,686,728
[RECEIVABLES] 602,975
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 1,277
[TOTAL-ASSETS] 147,290,980
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 134,656
[TOTAL-LIABILITIES] 134,656
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 147,197,111
[SHARES-COMMON-STOCK] 6,591,557
[SHARES-COMMON-PRIOR] 9,444,056
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 147,156,324
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 4,220,176
[OTHER-INCOME] 0
[EXPENSES-NET] 896,148
[NET-INVESTMENT-INCOME] 3,324,028
[REALIZED-GAINS-CURRENT] 14,669
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 3,338,697
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 215,219
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 43,198,238
[NUMBER-OF-SHARES-REDEEMED] 46,205,105
[SHARES-REINVESTED] 154,369
[NET-CHANGE-IN-ASSETS] (12,709,013)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 231,584
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 896,148
[AVERAGE-NET-ASSETS] 7,835,362
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.022
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.022
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 1.16
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 93,168,537
[INVESTMENTS-AT-VALUE] 96,953,250
[RECEIVABLES] 3,369,671
[ASSETS-OTHER] 134,945
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 100,457,866
[PAYABLE-FOR-SECURITIES] 2,570,821
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 635,648
[TOTAL-LIABILITIES] 3,206,469
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 91,978,145
[SHARES-COMMON-STOCK] 2,085,610
[SHARES-COMMON-PRIOR] 2,227,896
[ACCUMULATED-NII-CURRENT] 120,385
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,368,154
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,784,713
[NET-ASSETS] 97,251,397
[DIVIDEND-INCOME] 1,001,995
[INTEREST-INCOME] 1,831,816
[OTHER-INCOME] 0
[EXPENSES-NET] 679,570
[NET-INVESTMENT-INCOME] 2,136,241
[REALIZED-GAINS-CURRENT] 3,560,021
[APPREC-INCREASE-CURRENT] 4,542,579
[NET-CHANGE-FROM-OPS] 10,238,841
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 794,612
[DISTRIBUTIONS-OF-GAINS] 763,044
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 57,711
[NUMBER-OF-SHARES-REDEEMED] 271,323
[SHARES-REINVESTED] 71,326
[NET-CHANGE-IN-ASSETS] 3,980,925
[ACCUMULATED-NII-PRIOR] 29,042
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 130,406
[GROSS-ADVISORY-FEES] 237,685
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 697,570
[AVERAGE-NET-ASSETS] 35,573,212
[PER-SHARE-NAV-BEGIN] 15.66
[PER-SHARE-NII] 00.39
[PER-SHARE-GAIN-APPREC] 01.41
[PER-SHARE-DIVIDEND] 00.37
[PER-SHARE-DISTRIBUTIONS] 00.36
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.73
[EXPENSE-RATIO] 01.30
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 93,168,537
[INVESTMENTS-AT-VALUE] 96,953,250
[RECEIVABLES] 3,369,671
[ASSETS-OTHER] 134,945
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 100,457,866
[PAYABLE-FOR-SECURITIES] 2,570,821
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 635,648
[TOTAL-LIABILITIES] 3,206,469
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 91,978,145
[SHARES-COMMON-STOCK] 2,526,817
[SHARES-COMMON-PRIOR] 2,709,231
[ACCUMULATED-NII-CURRENT] 120,385
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,368,154
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,784,713
[NET-ASSETS] 97,251,397
[DIVIDEND-INCOME] 1,001,995
[INTEREST-INCOME] 1,831,816
[OTHER-INCOME] 0
[EXPENSES-NET] 679,570
[NET-INVESTMENT-INCOME] 2,136,241
[REALIZED-GAINS-CURRENT] 3,560,021
[APPREC-INCREASE-CURRENT] 4,542,579
[NET-CHANGE-FROM-OPS] 10,238,841
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 875,128
[DISTRIBUTIONS-OF-GAINS] 942,796
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 123,277
[NUMBER-OF-SHARES-REDEEMED] 387,329
[SHARES-REINVESTED] 81,638
[NET-CHANGE-IN-ASSETS] 3,980,925
[ACCUMULATED-NII-PRIOR] 29,042
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 130,406
[GROSS-ADVISORY-FEES] 237,685
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 697,570
[AVERAGE-NET-ASSETS] 43,531,891
[PER-SHARE-NAV-BEGIN] 15.66
[PER-SHARE-NII] 00.35
[PER-SHARE-GAIN-APPREC] 01.41
[PER-SHARE-DIVIDEND] 00.33
[PER-SHARE-DISTRIBUTIONS] 00.36
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.73
[EXPENSE-RATIO] 01.80
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 93,168,537
[INVESTMENTS-AT-VALUE] 96,953,250
[RECEIVABLES] 3,369,671
[ASSETS-OTHER] 134,945
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 100,457,866
[PAYABLE-FOR-SECURITIES] 2,570,821
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 635,648
[TOTAL-LIABILITIES] 3,206,469
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 91,978,145
[SHARES-COMMON-STOCK] 55,793
[SHARES-COMMON-PRIOR] 40,988
[ACCUMULATED-NII-CURRENT] 120,385
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,368,154
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,784,713
[NET-ASSETS] 97,251,397
[DIVIDEND-INCOME] 1,001,995
[INTEREST-INCOME] 1,831,816
[OTHER-INCOME] 0
[EXPENSES-NET] 679,570
[NET-INVESTMENT-INCOME] 2,136,241
[REALIZED-GAINS-CURRENT] 3,560,021
[APPREC-INCREASE-CURRENT] 4,542,579
[NET-CHANGE-FROM-OPS] 10,238,841
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 17,072
[DISTRIBUTIONS-OF-GAINS] 17,371
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 17,901
[NUMBER-OF-SHARES-REDEEMED] 4,674
[SHARES-REINVESTED] 1,578
[NET-CHANGE-IN-ASSETS] 3,980,925
[ACCUMULATED-NII-PRIOR] 29,042
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 130,406
[GROSS-ADVISORY-FEES] 237,685
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 697,570
[AVERAGE-NET-ASSETS] 820,172
[PER-SHARE-NAV-BEGIN] 15.64
[PER-SHARE-NII] 00.33
[PER-SHARE-GAIN-APPREC] 01.41
[PER-SHARE-DIVIDEND] 00.33
[PER-SHARE-DISTRIBUTIONS] 00.36
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.64
[EXPENSE-RATIO] 01.75
[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 Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 93,168,537
[INVESTMENTS-AT-VALUE] 96,953,250
[RECEIVABLES] 3,369,671
[ASSETS-OTHER] 134,945
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 100,457,866
[PAYABLE-FOR-SECURITIES] 2,570,821
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 635,648
[TOTAL-LIABILITIES] 3,206,469
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 91,978,145
[SHARES-COMMON-STOCK] 1,142,434
[SHARES-COMMON-PRIOR] 586,129
[ACCUMULATED-NII-CURRENT] 120,385
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 1,368,154
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,784,713
[NET-ASSETS] 97,251,397
[DIVIDEND-INCOME] 1,001,995
[INTEREST-INCOME] 1,831,816
[OTHER-INCOME] 0
[EXPENSES-NET] 679,570
[NET-INVESTMENT-INCOME] 2,136,241
[REALIZED-GAINS-CURRENT] 3,560,021
[APPREC-INCREASE-CURRENT] 4,542,579
[NET-CHANGE-FROM-OPS] 10,238,841
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 358,086
[DISTRIBUTIONS-OF-GAINS] 338,250
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 556,305
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 3,980,925
[ACCUMULATED-NII-PRIOR] 29,042
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 130,406
[GROSS-ADVISORY-FEES] 237,685
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 697,570
[AVERAGE-NET-ASSETS] 14,687,079
[PER-SHARE-NAV-BEGIN] 15.68
[PER-SHARE-NII] 00.43
[PER-SHARE-GAIN-APPREC] 01.41
[PER-SHARE-DIVIDEND] 00.39
[PER-SHARE-DISTRIBUTIONS] 00.36
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.77
[EXPENSE-RATIO] 00.88
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,074,869,422
[INVESTMENTS-AT-VALUE] 1,118,406,725
[RECEIVABLES] 52,271,068
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,170,677,793
[PAYABLE-FOR-SECURITIES] 8,926,336
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,828,205
[TOTAL-LIABILITIES] 18,754,541
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,346,069,167
[SHARES-COMMON-STOCK] 33,671,078
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 58,811,679
[OVERDISTRIBUTION-NII] 1,236,017
[ACCUMULATED-NET-GAINS] 833,974
[OVERDISTRIBUTION-GAINS] (238,919,160)
[ACCUM-APPREC-OR-DEPREC] 43,537,228
[NET-ASSETS] 1,151,923,252
[DIVIDEND-INCOME] 2,845,115
[INTEREST-INCOME] 55,966,564
[OTHER-INCOME] 0
[EXPENSES-NET] 7,190,620
[NET-INVESTMENT-INCOME] 51,621,059
[REALIZED-GAINS-CURRENT] 833,974
[APPREC-INCREASE-CURRENT] 48,053,265
[NET-CHANGE-FROM-OPS] 100,508,298
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 17,591,388
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,034,746
[NUMBER-OF-SHARES-REDEEMED] 3,137,120
[SHARES-REINVESTED] 726,088
[NET-CHANGE-IN-ASSETS] 187,548,233
[ACCUMULATED-NII-PRIOR] 84,120,788
[ACCUMULATED-GAINS-PRIOR] 5,895,839
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,803,731
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 7,190,620
[AVERAGE-NET-ASSETS] 368,235,359
[PER-SHARE-NAV-BEGIN] 10.98
[PER-SHARE-NII] 00.55
[PER-SHARE-GAIN-APPREC] 00.52
[PER-SHARE-DIVIDEND] 00.54
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.51
[EXPENSE-RATIO] 01.06
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,074,869,422
[INVESTMENTS-AT-VALUE] 1,118,406,725
[RECEIVABLES] 52,271,068
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,170,677,793
[PAYABLE-FOR-SECURITIES] 8,926,336
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,828,205
[TOTAL-LIABILITIES] 18,754,541
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,346,069,167
[SHARES-COMMON-STOCK] 54,478,391
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 58,811,679
[OVERDISTRIBUTION-NII] 1,236,017
[ACCUMULATED-NET-GAINS] 833,974
[OVERDISTRIBUTION-GAINS] (238,919,160)
[ACCUM-APPREC-OR-DEPREC] 43,537,228
[NET-ASSETS] 1,151,923,252
[DIVIDEND-INCOME] 2,845,115
[INTEREST-INCOME] 55,966,564
[OTHER-INCOME] 0
[EXPENSES-NET] 7,190,620
[NET-INVESTMENT-INCOME] 51,621,059
[REALIZED-GAINS-CURRENT] 833,974
[APPREC-INCREASE-CURRENT] 48,053,265
[NET-CHANGE-FROM-OPS] 100,508,298
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 27,215,776
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 6,656,142
[NUMBER-OF-SHARES-REDEEMED] 5,041,364
[SHARES-REINVESTED] 913,333
[NET-CHANGE-IN-ASSETS] 187,548,233
[ACCUMULATED-NII-PRIOR] 84,120,788
[ACCUMULATED-GAINS-PRIOR] 5,895,839
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,803,731
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 7,190,620
[AVERAGE-NET-ASSETS] 598,435,714
[PER-SHARE-NAV-BEGIN] 10.99
[PER-SHARE-NII] 00.53
[PER-SHARE-GAIN-APPREC] 00.52
[PER-SHARE-DIVIDEND] 00.52
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.52
[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] 8
[NAME] SMITH BARNEY HIGH INCOME BOND FUND, CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,074,869,422
[INVESTMENTS-AT-VALUE] 1,118,406,725
[RECEIVABLES] 52,271,068
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,170,677,793
[PAYABLE-FOR-SECURITIES] 8,926,336
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,828,205
[TOTAL-LIABILITIES] 18,754,541
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,346,069,167
[SHARES-COMMON-STOCK] 2,930,503
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 58,811,679
[OVERDISTRIBUTION-NII] 1,236,017
[ACCUMULATED-NET-GAINS] 833,974
[OVERDISTRIBUTION-GAINS] (238,919,160)
[ACCUM-APPREC-OR-DEPREC] 43,537,228
[NET-ASSETS] 1,151,923,252
[DIVIDEND-INCOME] 2,845,115
[INTEREST-INCOME] 55,966,564
[OTHER-INCOME] 0
[EXPENSES-NET] 7,190,620
[NET-INVESTMENT-INCOME] 51,621,059
[REALIZED-GAINS-CURRENT] 833,974
[APPREC-INCREASE-CURRENT] 48,053,265
[NET-CHANGE-FROM-OPS] 100,508,298
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,262,777
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,158,921
[NUMBER-OF-SHARES-REDEEMED] 194,710
[SHARES-REINVESTED] 52,678
[NET-CHANGE-IN-ASSETS] 187,548,233
[ACCUMULATED-NII-PRIOR] 84,120,788
[ACCUMULATED-GAINS-PRIOR] 5,895,839
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,803,731
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 7,190,620
[AVERAGE-NET-ASSETS] 27,104,185
[PER-SHARE-NAV-BEGIN] 11.00
[PER-SHARE-NII] 00.53
[PER-SHARE-GAIN-APPREC] 00.52
[PER-SHARE-DIVIDEND] 00.52
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.53
[EXPENSE-RATIO] 01.49
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,074,869,422
[INVESTMENTS-AT-VALUE] 1,118,406,725
[RECEIVABLES] 52,271,068
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,170,677,793
[PAYABLE-FOR-SECURITIES] 8,926,336
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,828,205
[TOTAL-LIABILITIES] 18,754,541
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,346,069,167
[SHARES-COMMON-STOCK] 8,910,350
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 58,811,679
[OVERDISTRIBUTION-NII] 1,236,017
[ACCUMULATED-NET-GAINS] 833,974
[OVERDISTRIBUTION-GAINS] (238,919,160)
[ACCUM-APPREC-OR-DEPREC] 43,537,228
[NET-ASSETS] 1,151,923,252
[DIVIDEND-INCOME] 2,845,115
[INTEREST-INCOME] 55,966,564
[OTHER-INCOME] 0
[EXPENSES-NET] 7,190,620
[NET-INVESTMENT-INCOME] 51,621,059
[REALIZED-GAINS-CURRENT] 833,974
[APPREC-INCREASE-CURRENT] 48,053,265
[NET-CHANGE-FROM-OPS] 100,508,298
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 4,077,102
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 8,760,453
[NUMBER-OF-SHARES-REDEEMED] 3,331,044
[SHARES-REINVESTED] 89,546
[NET-CHANGE-IN-ASSETS] 187,548,233
[ACCUMULATED-NII-PRIOR] 84,120,788
[ACCUMULATED-GAINS-PRIOR] 5,895,839
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,803,731
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 7,190,620
[AVERAGE-NET-ASSETS] 82,765,475
[PER-SHARE-NAV-BEGIN] 10.99
[PER-SHARE-NII] 00.56
[PER-SHARE-GAIN-APPREC] 00.52
[PER-SHARE-DIVIDEND] 00.55
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.52
[EXPENSE-RATIO] 00.73
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,074,869,422
[INVESTMENTS-AT-VALUE] 1,118,406,725
[RECEIVABLES] 52,271,068
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,170,677,793
[PAYABLE-FOR-SECURITIES] 8,926,336
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,828,205
[TOTAL-LIABILITIES] 18,754,541
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,346,069,167
[SHARES-COMMON-STOCK] 8,578
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 58,811,679
[OVERDISTRIBUTION-NII] 1,236,017
[ACCUMULATED-NET-GAINS] 833,974
[OVERDISTRIBUTION-GAINS] (238,919,160)
[ACCUM-APPREC-OR-DEPREC] 43,537,228
[NET-ASSETS] 1,151,923,252
[DIVIDEND-INCOME] 2,845,115
[INTEREST-INCOME] 55,966,564
[OTHER-INCOME] 0
[EXPENSES-NET] 7,190,620
[NET-INVESTMENT-INCOME] 51,621,059
[REALIZED-GAINS-CURRENT] 833,974
[APPREC-INCREASE-CURRENT] 48,053,265
[NET-CHANGE-FROM-OPS] 100,508,298
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 258,751
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 846
[NUMBER-OF-SHARES-REDEEMED] 666,461
[SHARES-REINVESTED] 22,771
[NET-CHANGE-IN-ASSETS] 187,548,233
[ACCUMULATED-NII-PRIOR] 84,120,788
[ACCUMULATED-GAINS-PRIOR] 5,895,839
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,803,731
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 7,190,620
[AVERAGE-NET-ASSETS] 5,357,349
[PER-SHARE-NAV-BEGIN] 10.99
[PER-SHARE-NII] 00.56
[PER-SHARE-GAIN-APPREC] 00.52
[PER-SHARE-DIVIDEND] 00.55
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.52
[EXPENSE-RATIO] 00.74
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,311,267,304
[INVESTMENTS-AT-VALUE] 1,435,166,425
[RECEIVABLES] 45,676,247
[ASSETS-OTHER] 1,595,651
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,482,438,323
[PAYABLE-FOR-SECURITIES] 22,884,789
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,133,047
[TOTAL-LIABILITIES] 32,017,836
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,313,769,277
[SHARES-COMMON-STOCK] 17,461,120
[SHARES-COMMON-PRIOR] 18,344,890
[ACCUMULATED-NII-CURRENT] 795,963
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 11,956,126
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 123,899,121
[NET-ASSETS] 1,450,420,487
[DIVIDEND-INCOME] 25,479,190
[INTEREST-INCOME] 24,428,980
[OTHER-INCOME] 0
[EXPENSES-NET] 11,372,130
[NET-INVESTMENT-INCOME] 38,536,040
[REALIZED-GAINS-CURRENT] 11,926,169
[APPREC-INCREASE-CURRENT] 67,170,637
[NET-CHANGE-FROM-OPS] 117,632,846
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 7,334
[DISTRIBUTIONS-OF-GAINS] 5,744
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,549,239
[NUMBER-OF-SHARES-REDEEMED] 3,061,959
[SHARES-REINVESTED] 628,950
[NET-CHANGE-IN-ASSETS] (72,474,148)
[ACCUMULATED-NII-PRIOR] 1,876,841
[ACCUMULATED-GAINS-PRIOR] 32,887,187
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,093,315
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,372,130
[AVERAGE-NET-ASSETS] 269,230,684
[PER-SHARE-NAV-BEGIN] 14.51
[PER-SHARE-NII] 00.40
[PER-SHARE-GAIN-APPREC] 00.74
[PER-SHARE-DIVIDEND] 00.41
[PER-SHARE-DISTRIBUTIONS] 00.32
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.92
[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 FUND CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,311,267,304
[INVESTMENTS-AT-VALUE] 1,435,166,425
[RECEIVABLES] 45,676,247
[ASSETS-OTHER] 1,595,651
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,482,438,323
[PAYABLE-FOR-SECURITIES] 22,884,789
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,133,047
[TOTAL-LIABILITIES] 32,017,836
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,313,769,277
[SHARES-COMMON-STOCK] 77,038,690
[SHARES-COMMON-PRIOR] 90,334,939
[ACCUMULATED-NII-CURRENT] 795,963
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 11,956,126
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 123,899,121
[NET-ASSETS] 1,450,420,487
[DIVIDEND-INCOME] 25,479,190
[INTEREST-INCOME] 24,428,980
[OTHER-INCOME] 0
[EXPENSES-NET] 11,372,130
[NET-INVESTMENT-INCOME] 38,536,040
[REALIZED-GAINS-CURRENT] 11,926,169
[APPREC-INCREASE-CURRENT] 67,170,637
[NET-CHANGE-FROM-OPS] 117,632,846
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 31,219
[DISTRIBUTIONS-OF-GAINS] 26,295
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,264,678
[NUMBER-OF-SHARES-REDEEMED] 17,324,133
[SHARES-REINVESTED] 2,763,206
[NET-CHANGE-IN-ASSETS] (72,474,148)
[ACCUMULATED-NII-PRIOR] 1,876,841
[ACCUMULATED-GAINS-PRIOR] 32,887,187
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,093,315
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,372,130
[AVERAGE-NET-ASSETS] 1,250,486,621
[PER-SHARE-NAV-BEGIN] 14.51
[PER-SHARE-NII] 00.36
[PER-SHARE-GAIN-APPREC] 00.74
[PER-SHARE-DIVIDEND] 00.37
[PER-SHARE-DISTRIBUTIONS] 00.32
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.92
[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 FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,311,267,304
[INVESTMENTS-AT-VALUE] 1,435,166,425
[RECEIVABLES] 45,676,247
[ASSETS-OTHER] 1,595,651
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,482,438,323
[PAYABLE-FOR-SECURITIES] 22,884,789
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,133,047
[TOTAL-LIABILITIES] 32,017,836
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,313,769,277
[SHARES-COMMON-STOCK] 716,765
[SHARES-COMMON-PRIOR] 788,654
[ACCUMULATED-NII-CURRENT] 795,963
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 11,956,126
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 123,899,121
[NET-ASSETS] 1,450,420,487
[DIVIDEND-INCOME] 25,479,190
[INTEREST-INCOME] 24,428,980
[OTHER-INCOME] 0
[EXPENSES-NET] 11,372,130
[NET-INVESTMENT-INCOME] 38,536,040
[REALIZED-GAINS-CURRENT] 11,926,169
[APPREC-INCREASE-CURRENT] 67,170,637
[NET-CHANGE-FROM-OPS] 117,632,846
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 286
[DISTRIBUTIONS-OF-GAINS] 236
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 50,134
[NUMBER-OF-SHARES-REDEEMED] 149,461
[SHARES-REINVESTED] 27,438
[NET-CHANGE-IN-ASSETS] (72,474,148)
[ACCUMULATED-NII-PRIOR] 1,876,841
[ACCUMULATED-GAINS-PRIOR] 32,887,187
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,093,315
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,372,130
[AVERAGE-NET-ASSETS] 11,315,249
[PER-SHARE-NAV-BEGIN] 14.51
[PER-SHARE-NII] 00.36
[PER-SHARE-GAIN-APPREC] 00.72
[PER-SHARE-DIVIDEND] 00.37
[PER-SHARE-DISTRIBUTIONS] 00.32
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.90
[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 FUND CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,311,267,304
[INVESTMENTS-AT-VALUE] 1,435,166,425
[RECEIVABLES] 45,676,247
[ASSETS-OTHER] 1,595,651
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,482,438,323
[PAYABLE-FOR-SECURITIES] 22,884,789
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,133,047
[TOTAL-LIABILITIES] 32,017,836
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,313,769,277
[SHARES-COMMON-STOCK] 1,069,007
[SHARES-COMMON-PRIOR] 524,592
[ACCUMULATED-NII-CURRENT] 795,963
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 11,956,126
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 123,899,121
[NET-ASSETS] 1,450,420,487
[DIVIDEND-INCOME] 25,479,190
[INTEREST-INCOME] 24,428,980
[OTHER-INCOME] 0
[EXPENSES-NET] 11,372,130
[NET-INVESTMENT-INCOME] 38,536,040
[REALIZED-GAINS-CURRENT] 11,926,169
[APPREC-INCREASE-CURRENT] 67,170,637
[NET-CHANGE-FROM-OPS] 117,632,846
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 363
[DISTRIBUTIONS-OF-GAINS] 273
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 544,579
[NUMBER-OF-SHARES-REDEEMED] 168
[SHARES-REINVESTED] 4
[NET-CHANGE-IN-ASSETS] (72,474,148)
[ACCUMULATED-NII-PRIOR] 1,876,841
[ACCUMULATED-GAINS-PRIOR] 32,887,187
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,093,315
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,372,130
[AVERAGE-NET-ASSETS] 14,491,723
[PER-SHARE-NAV-BEGIN] 14.52
[PER-SHARE-NII] 00.42
[PER-SHARE-GAIN-APPREC] 00.74
[PER-SHARE-DIVIDEND] 00.42
[PER-SHARE-DISTRIBUTIONS] 00.32
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.94
[EXPENSE-RATIO] 00.73
[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-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 1,311,267,304
[INVESTMENTS-AT-VALUE] 1,435,166,425
[RECEIVABLES] 45,676,247
[ASSETS-OTHER] 1,595,651
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,482,438,323
[PAYABLE-FOR-SECURITIES] 22,884,789
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 9,133,047
[TOTAL-LIABILITIES] 32,017,836
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,313,769,277
[SHARES-COMMON-STOCK] 934,054
[SHARES-COMMON-PRIOR] 999,717
[ACCUMULATED-NII-CURRENT] 795,963
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 11,956,126
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 123,899,121
[NET-ASSETS] 1,450,420,487
[DIVIDEND-INCOME] 25,479,190
[INTEREST-INCOME] 24,428,980
[OTHER-INCOME] 0
[EXPENSES-NET] 11,372,130
[NET-INVESTMENT-INCOME] 38,536,040
[REALIZED-GAINS-CURRENT] 11,926,169
[APPREC-INCREASE-CURRENT] 67,170,637
[NET-CHANGE-FROM-OPS] 117,632,846
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 415
[DISTRIBUTIONS-OF-GAINS] 312
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 43,047
[NUMBER-OF-SHARES-REDEEMED] 152,799
[SHARES-REINVESTED] 44,089
[NET-CHANGE-IN-ASSETS] (72,474,148)
[ACCUMULATED-NII-PRIOR] 1,876,841
[ACCUMULATED-GAINS-PRIOR] 32,887,187
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5,093,315
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 11,372,130
[AVERAGE-NET-ASSETS] 12,256,814
[PER-SHARE-NAV-BEGIN] 14.52
[PER-SHARE-NII] 00.43
[PER-SHARE-GAIN-APPREC] 00.74
[PER-SHARE-DIVIDEND] 00.42
[PER-SHARE-DISTRIBUTIONS] 00.32
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.95
[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] 10
[NAME] DIVERSIFIED STRATEGIC INCOME FUND CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 2,654,457,996
[INVESTMENTS-AT-VALUE] 2,743,791,864
[RECEIVABLES] 71,557,427
[ASSETS-OTHER] 2,779,246
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,818,128,537
[PAYABLE-FOR-SECURITIES] 9,974,813
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 22,469,321
[TOTAL-LIABILITIES] 32,444,134
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,792,500,911
[SHARES-COMMON-STOCK] 29,290,415
[SHARES-COMMON-PRIOR] 25,930,321
[ACCUMULATED-NII-CURRENT] 5,032,624
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (100,960,629)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,111,497
[NET-ASSETS] 2,785,684,403
[DIVIDEND-INCOME] 2,599,612
[INTEREST-INCOME] 109,735,168
[OTHER-INCOME] 0
[EXPENSES-NET] 20,240,864
[NET-INVESTMENT-INCOME] 92,093,916
[REALIZED-GAINS-CURRENT] 34,861,464
[APPREC-INCREASE-CURRENT] 36,239,658
[NET-CHANGE-FROM-OPS] 163,195,038
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 9,247,831
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 6,060,486
[NUMBER-OF-SHARES-REDEEMED] 3,245,883
[SHARES-REINVESTED] 545,491
[NET-CHANGE-IN-ASSETS] 118,074,958
[ACCUMULATED-NII-PRIOR] 26,273,688
[ACCUMULATED-GAINS-PRIOR] (104,940,161)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6,248,696
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 20,240,864
[AVERAGE-NET-ASSETS] 189,096,506
[PER-SHARE-NAV-BEGIN] 7.82
[PER-SHARE-NII] 0.48
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.33
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.97
[EXPENSE-RATIO] 1.04
[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] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 2,654,457,996
[INVESTMENTS-AT-VALUE] 2,743,791,864
[RECEIVABLES] 71,557,427
[ASSETS-OTHER] 2,779,246
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,818,128,537
[PAYABLE-FOR-SECURITIES] 9,974,813
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 22,469,321
[TOTAL-LIABILITIES] 32,444,134
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,792,500,911
[SHARES-COMMON-STOCK] 302,829,560
[SHARES-COMMON-PRIOR] 303,841,930
[ACCUMULATED-NII-CURRENT] 5,032,624
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (100,960,629)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,111,497
[NET-ASSETS] 2,785,684,403
[DIVIDEND-INCOME] 2,599,612
[INTEREST-INCOME] 109,735,168
[OTHER-INCOME] 0
[EXPENSES-NET] 20,240,864
[NET-INVESTMENT-INCOME] 92,093,916
[REALIZED-GAINS-CURRENT] 34,861,464
[APPREC-INCREASE-CURRENT] 36,239,658
[NET-CHANGE-FROM-OPS] 163,195,038
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 94,619,233
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 20,278,344
[NUMBER-OF-SHARES-REDEEMED] 26,647,792
[SHARES-REINVESTED] 5,537,078
[NET-CHANGE-IN-ASSETS] 118,074,958
[ACCUMULATED-NII-PRIOR] 26,273,688
[ACCUMULATED-GAINS-PRIOR] (104,940,161)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6,248,696
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 20,240,864
[AVERAGE-NET-ASSETS] 2,390,774,338
[PER-SHARE-NAV-BEGIN] 7.83
[PER-SHARE-NII] 0.47
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.31
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.99
[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] 10
[NAME] DIVERSIFIED STRATEGIC INCOME FUND CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 2,654,457,996
[INVESTMENTS-AT-VALUE] 2,743,791,864
[RECEIVABLES] 71,557,427
[ASSETS-OTHER] 2,779,246
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,818,128,537
[PAYABLE-FOR-SECURITIES] 9,974,813
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 22,469,321
[TOTAL-LIABILITIES] 32,444,134
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,792,500,911
[SHARES-COMMON-STOCK] 7,584,010
[SHARES-COMMON-PRIOR] 5,403,149
[ACCUMULATED-NII-CURRENT] 5,032,624
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (100,960,629)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,111,497
[NET-ASSETS] 2,785,684,403
[DIVIDEND-INCOME] 2,599,612
[INTEREST-INCOME] 109,735,168
[OTHER-INCOME] 0
[EXPENSES-NET] 20,240,864
[NET-INVESTMENT-INCOME] 92,093,916
[REALIZED-GAINS-CURRENT] 34,861,464
[APPREC-INCREASE-CURRENT] 36,239,658
[NET-CHANGE-FROM-OPS] 163,195,038
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,031,340
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,435,469
[NUMBER-OF-SHARES-REDEEMED] 408,363
[SHARES-REINVESTED] 153,755
[NET-CHANGE-IN-ASSETS] 118,074,958
[ACCUMULATED-NII-PRIOR] 26,273,688
[ACCUMULATED-GAINS-PRIOR] (104,940,161)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6,248,696
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 20,240,864
[AVERAGE-NET-ASSETS] 26,832,965
[PER-SHARE-NAV-BEGIN] 7.81
[PER-SHARE-NII] 0.48
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.31
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.98
[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] 10
[NAME] DIVERSIFIED STRATEGIC INCOME FUND CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 2,654,457,996
[INVESTMENTS-AT-VALUE] 2,743,791,864
[RECEIVABLES] 71,557,427
[ASSETS-OTHER] 2,779,246
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,818,128,537
[PAYABLE-FOR-SECURITIES] 9,974,813
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 22,469,321
[TOTAL-LIABILITIES] 32,444,134
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,792,500,911
[SHARES-COMMON-STOCK] 6,636,654
[SHARES-COMMON-PRIOR] 3,445,891
[ACCUMULATED-NII-CURRENT] 5,032,624
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (100,960,629)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,111,497
[NET-ASSETS] 2,785,684,403
[DIVIDEND-INCOME] 2,599,612
[INTEREST-INCOME] 109,735,168
[OTHER-INCOME] 0
[EXPENSES-NET] 20,240,864
[NET-INVESTMENT-INCOME] 92,093,916
[REALIZED-GAINS-CURRENT] 34,861,464
[APPREC-INCREASE-CURRENT] 36,239,658
[NET-CHANGE-FROM-OPS] 163,195,038
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,850,583
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,354,610
[NUMBER-OF-SHARES-REDEEMED] 166,209
[SHARES-REINVESTED] 2,362
[NET-CHANGE-IN-ASSETS] 118,074,958
[ACCUMULATED-NII-PRIOR] 26,273,688
[ACCUMULATED-GAINS-PRIOR] (104,940,161)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6,248,696
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 20,240,864
[AVERAGE-NET-ASSETS] 8,915,207
[PER-SHARE-NAV-BEGIN] 7.82
[PER-SHARE-NII] 0.50
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.35
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.97
[EXPENSE-RATIO] 0.70
[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] 6-MOS
[FISCAL-YEAR-END] JUL-31-1997
[PERIOD-END] JAN-31-1997
[INVESTMENTS-AT-COST] 2,654,457,996
[INVESTMENTS-AT-VALUE] 2,743,791,864
[RECEIVABLES] 71,557,427
[ASSETS-OTHER] 2,779,246
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,818,128,537
[PAYABLE-FOR-SECURITIES] 9,974,813
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 22,469,321
[TOTAL-LIABILITIES] 32,444,134
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,792,500,911
[SHARES-COMMON-STOCK] 2,285,660
[SHARES-COMMON-PRIOR] 2,080,516
[ACCUMULATED-NII-CURRENT] 5,032,624
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (100,960,629)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 89,111,497
[NET-ASSETS] 2,785,684,403
[DIVIDEND-INCOME] 2,599,612
[INTEREST-INCOME] 109,735,168
[OTHER-INCOME] 0
[EXPENSES-NET] 20,240,864
[NET-INVESTMENT-INCOME] 92,093,916
[REALIZED-GAINS-CURRENT] 34,861,464
[APPREC-INCREASE-CURRENT] 36,239,658
[NET-CHANGE-FROM-OPS] 163,195,038
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 732,155
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 244,083
[NUMBER-OF-SHARES-REDEEMED] 114,430
[SHARES-REINVESTED] 75,491
[NET-CHANGE-IN-ASSETS] 118,074,958
[ACCUMULATED-NII-PRIOR] 26,273,688
[ACCUMULATED-GAINS-PRIOR] (104,940,161)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 6,248,696
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 20,240,864
[AVERAGE-NET-ASSETS] 15,047,290
[PER-SHARE-NAV-BEGIN] 7.82
[PER-SHARE-NII] 0.51
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.35
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.98
[EXPENSE-RATIO] 0.69
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
