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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 8
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY PREMIUM TOTAL RETURN FUND, CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 2,991,385,925
[INVESTMENTS-AT-VALUE] 4,164,418,526
[RECEIVABLES] 23,956,266
[ASSETS-OTHER] 551,623,866
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 4,739,998,658
[PAYABLE-FOR-SECURITIES] 3,526,174
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 588,727,052
[TOTAL-LIABILITIES] 592,253,226
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,901,431,680
[SHARES-COMMON-STOCK] 37,557,037
[SHARES-COMMON-PRIOR] 31,770,378
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 155,395,820
[ACCUMULATED-NET-GAINS] 191,115,485
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,210,594,087
[NET-ASSETS] 4,147,745,432
[DIVIDEND-INCOME] 76,679,657
[INTEREST-INCOME] 31,517,880
[OTHER-INCOME] 0
[EXPENSES-NET] 53,977,834
[NET-INVESTMENT-INCOME] 54,219,703
[REALIZED-GAINS-CURRENT] 246,317,401
[APPREC-INCREASE-CURRENT] 491,156,780
[NET-CHANGE-FROM-OPS] 791,693,884
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 44,640,266
[DISTRIBUTIONS-OF-GAINS] 12,555,088
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,107,852
[NUMBER-OF-SHARES-REDEEMED] 3,453,293
[SHARES-REINVESTED] 2,132,100
[NET-CHANGE-IN-ASSETS] 1,115,002,824
[ACCUMULATED-NII-PRIOR] 1,192,859
[ACCUMULATED-GAINS-PRIOR] 7,300,708
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 19,865,936
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,977,834
[AVERAGE-NET-ASSETS] 678,604,783
[PER-SHARE-NAV-BEGIN] 19.14
[PER-SHARE-NII] 00.39
[PER-SHARE-GAIN-APPREC] 04.29
[PER-SHARE-DIVIDEND] 00.41
[PER-SHARE-DISTRIBUTIONS] 01.22
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.19
[EXPENSE-RATIO] 01.11
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY PREMIUM TOTAL RETURN FUND, CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 2,991,385,925
[INVESTMENTS-AT-VALUE] 4,164,418,526
[RECEIVABLES] 23,956,266
[ASSETS-OTHER] 551,623,866
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 4,739,998,658
[PAYABLE-FOR-SECURITIES] 3,526,174
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 588,727,052
[TOTAL-LIABILITIES] 592,253,226
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,901,431,680
[SHARES-COMMON-STOCK] 142,960,574
[SHARES-COMMON-PRIOR] 123,077,239
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 155,395,820
[ACCUMULATED-NET-GAINS] 191,115,485
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,210,594,087
[NET-ASSETS] 4,147,745,432
[DIVIDEND-INCOME] 76,679,657
[INTEREST-INCOME] 31,517,880
[OTHER-INCOME] 0
[EXPENSES-NET] 53,977,834
[NET-INVESTMENT-INCOME] 54,219,703
[REALIZED-GAINS-CURRENT] 246,317,401
[APPREC-INCREASE-CURRENT] 491,156,780
[NET-CHANGE-FROM-OPS] 791,693,884
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 159,671,097
[DISTRIBUTIONS-OF-GAINS] 47,774,861
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 29,688,917
[NUMBER-OF-SHARES-REDEEMED] 17,135,886
[SHARES-REINVESTED] 7,330,304
[NET-CHANGE-IN-ASSETS] 1,115,002,824
[ACCUMULATED-NII-PRIOR] 1,192,859
[ACCUMULATED-GAINS-PRIOR] 7,300,708
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 19,865,936
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,977,834
[AVERAGE-NET-ASSETS] 2,603,955,895
[PER-SHARE-NAV-BEGIN] 19.14
[PER-SHARE-NII] 00.29
[PER-SHARE-GAIN-APPREC] 04.28
[PER-SHARE-DIVIDEND] 00.29
[PER-SHARE-DISTRIBUTIONS] 01.25
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.17
[EXPENSE-RATIO] 01.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY PREMIUM TOTAL RETURN FUND, CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 2,991,385,925
[INVESTMENTS-AT-VALUE] 4,164,418,526
[RECEIVABLES] 23,956,266
[ASSETS-OTHER] 551,623,866
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 4,739,998,658
[PAYABLE-FOR-SECURITIES] 3,526,174
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 588,727,052
[TOTAL-LIABILITIES] 592,253,226
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,901,431,680
[SHARES-COMMON-STOCK] 4,223,155
[SHARES-COMMON-PRIOR] 2,226,473
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 155,395,820
[ACCUMULATED-NET-GAINS] 191,115,485
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,210,594,087
[NET-ASSETS] 4,147,745,432
[DIVIDEND-INCOME] 76,679,657
[INTEREST-INCOME] 31,517,880
[OTHER-INCOME] 0
[EXPENSES-NET] 53,977,834
[NET-INVESTMENT-INCOME] 54,219,703
[REALIZED-GAINS-CURRENT] 246,317,401
[APPREC-INCREASE-CURRENT] 491,156,780
[NET-CHANGE-FROM-OPS] 791,693,884
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 3,938,093
[DISTRIBUTIONS-OF-GAINS] 1,406,470
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,288,586
[NUMBER-OF-SHARES-REDEEMED] 498,841
[SHARES-REINVESTED] 206,937
[NET-CHANGE-IN-ASSETS] 1,115,002,824
[ACCUMULATED-NII-PRIOR] 1,192,859
[ACCUMULATED-GAINS-PRIOR] 7,300,708
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 19,865,936
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,977,834
[AVERAGE-NET-ASSETS] 58,500,048
[PER-SHARE-NAV-BEGIN] 19.15
[PER-SHARE-NII] 00.30
[PER-SHARE-GAIN-APPREC] 04.28
[PER-SHARE-DIVIDEND] 00.30
[PER-SHARE-DISTRIBUTIONS] 01.25
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.18
[EXPENSE-RATIO] 01.56
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY PREMIUM TOTAL RETURN FUND, CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1997
[PERIOD-END] DEC-31-1997
[INVESTMENTS-AT-COST] 2,991,385,925
[INVESTMENTS-AT-VALUE] 4,164,418,526
[RECEIVABLES] 23,956,266
[ASSETS-OTHER] 551,623,866
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 4,739,998,658
[PAYABLE-FOR-SECURITIES] 3,526,174
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 588,727,052
[TOTAL-LIABILITIES] 592,253,226
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,901,431,680
[SHARES-COMMON-STOCK] 2,287,922
[SHARES-COMMON-PRIOR] 1,387,020
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 155,395,820
[ACCUMULATED-NET-GAINS] 191,115,485
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,210,594,087
[NET-ASSETS] 4,147,745,432
[DIVIDEND-INCOME] 76,679,657
[INTEREST-INCOME] 31,517,880
[OTHER-INCOME] 0
[EXPENSES-NET] 53,977,834
[NET-INVESTMENT-INCOME] 54,219,703
[REALIZED-GAINS-CURRENT] 246,317,401
[APPREC-INCREASE-CURRENT] 491,156,780
[NET-CHANGE-FROM-OPS] 791,693,884
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,558,926
[DISTRIBUTIONS-OF-GAINS] 767,205
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,113,070
[NUMBER-OF-SHARES-REDEEMED] 212,175
[SHARES-REINVESTED] 7
[NET-CHANGE-IN-ASSETS] 1,115,002,824
[ACCUMULATED-NII-PRIOR] 1,192,859
[ACCUMULATED-GAINS-PRIOR] 7,300,708
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 19,865,936
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,977,834
[AVERAGE-NET-ASSETS] 33,911,796
[PER-SHARE-NAV-BEGIN] 19.17
[PER-SHARE-NII] 00.47
[PER-SHARE-GAIN-APPREC] 04.29
[PER-SHARE-DIVIDEND] 00.43
[PER-SHARE-DISTRIBUTIONS] 01.26
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.24
[EXPENSE-RATIO] 00.76
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
