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<PAGE> PAGE 2
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<PAGE> PAGE 3
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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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048 C010800 0
<PAGE> PAGE 21
048 C020800 0.000
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048 E010800 0
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048 I010800 0
048 I020800 0.000
048 J010800 0
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048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 N
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054 B000800 Y
054 C000800 Y
054 D000800 N
054 E000800 N
054 F000800 N
054 G000800 Y
054 H000800 Y
054 I000800 N
054 J000800 Y
054 K000800 N
054 L000800 Y
054 M000800 Y
054 N000800 N
054 O000800 N
055 A000800 Y
055 B000800 N
056 000800 N
057 000800 N
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 1000
062 A000800 Y
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<PAGE> PAGE 22
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
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062 O000800 0.0
062 P000800 97.3
062 Q000800 0.0
062 R000800 1.7
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063 B000800 7.9
064 A000800 Y
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 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
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 N
<PAGE> PAGE 23
070 O020800 N
070 P010800 N
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 Y
070 R020800 N
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<PAGE> PAGE 24
074 D000800 1586819
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015 A000901 PNC BANK
015 B000901 C
015 C010901 PHILADELPHIA
015 C020901 PA
015 C030901 19103
015 E010901 X
028 A010900 10828
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<PAGE> PAGE 25
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<PAGE> PAGE 26
048 D010900 0
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048 I020900 0.000
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063 A000900 0
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069 000900 N
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070 A020900 Y
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070 B020900 N
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070 C020900 N
070 D010900 Y
070 D020900 N
070 E010900 Y
<PAGE> PAGE 27
070 E020900 N
070 F010900 Y
070 F020900 N
070 G010900 Y
070 G020900 N
070 H010900 Y
070 H020900 N
070 I010900 N
070 I020900 N
070 J010900 Y
070 J020900 Y
070 K010900 N
070 K020900 N
070 L010900 Y
070 L020900 Y
070 M010900 Y
070 M020900 Y
070 N010900 Y
070 N020900 Y
070 O010900 Y
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070 P010900 N
070 P020900 N
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070 Q020900 N
070 R010900 Y
070 R020900 N
071 A000900 560942
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<PAGE> PAGE 28
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076 000900 0.00
015 A001001 CHASE MANHATTAN BANK
<PAGE> PAGE 29
015 B001001 C
015 C011001 BROOKLYN
015 C021001 NY
015 C031001 11245
015 E011001 X
028 A011000 93774
028 A021000 7888
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028 B011000 108770
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028 G011000 602507
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029 001000 Y
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032 001000 0
033 001000 1999
034 001000 Y
035 001000 2368
036 A001000 Y
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039 001000 N
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041 001000 Y
<PAGE> PAGE 30
042 A001000 0
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048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 N
055 A001000 N
055 B001000 N
056 001000 N
057 001000 N
058 A001000 N
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<PAGE> PAGE 31
062 B001000 0.0
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062 P001000 28.1
062 Q001000 12.7
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063 B001000 5.0
064 A001000 N
064 B001000 N
066 A001000 N
067 001000 N
068 A001000 N
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<PAGE> PAGE 32
070 M021000 Y
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<PAGE> PAGE 33
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015 A001101 PNC BANK
015 B001101 C
015 C011101 PHILADELPHIA
015 C021101 PA
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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SIGNATURE PAUL BROOK
TITLE CONTROLLER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
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<NAME> SMITH BARNEY MUNICIPAL HIGH INCOME FUND. CLASS A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
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<NAME> SMITH BARNEY MUNICIPAL HIGH INCOME FUND. CLASS B
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<TABLE> <S> <C>
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<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
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<NUMBER> 4
<NAME> SMITH BARNEY MUNICIPAL HIGH INCOME FUND. CLASS B
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
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<NUMBER> 5
<NAME> SMITH BARNEY EXCHANGE RESERVE FUND. CLASS B
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<TABLE> <S> <C>
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<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 5
<NAME> SMITH BARNEY EXCHANGE RESERVE FUND. CLASS L
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 6
<NAME> SMITH BARNEY CONVERTIBLE FUND. CLASS A
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 6
<NAME> SMITH BARNEY CONVERTIBLE FUND. CLASS B
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 6
<NAME> SMITH BARNEY CONVERTIBLE FUND. CLASS L
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 6
<NAME> SMITH BARNEY CONVERTIBLE FUND. CLASS O
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 6
<NAME> SMITH BARNEY CONVERTIBLE FUND. CLASS Y
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
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<NAME> SMITH BARNEY BALANCED FUND. CLASS A
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 9
<NAME> SMITH BARNEY BALANCED FUND. CLASS B
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 9
<NAME> SMITH BARNEY BALANCED FUND. CLASS L
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 9
<NAME> SMITH BARNEY BALANCED FUND. CLASS O
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 9
<NAME> SMITH BARNEY BALANCED FUND. CLASS Y
<S> <C>
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<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 9
<NAME> SMITH BARNEY BALANCED FUND. CLASS Z
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 8
<NAME> SMITH BARNEY HIGH INCOME FUND. CLASS A
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 8
<NAME> SMITH BARNEY HIGH INCOME FUND. CLASS B
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 8
<NAME> SMITH BARNEY HIGH INCOME FUND. CLASS L
<S> <C>
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<PER-SHARE-NAV-END> 10.32
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 8
<NAME> SMITH BARNEY HIGH INCOME FUND. CLASS Y
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 8
<NAME> SMITH BARNEY HIGH INCOME FUND. CLASS Z
<S> <C>
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 10
<NAME> SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND. CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 10
<NAME> SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND. CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 10
<NAME> SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND. CLASS L
<S> <C>
<PERIOD-TYPE> YEAR
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</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 10
<NAME> SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND. CLASS Y
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
<NUMBER> 10
<NAME> SMITH BARNEY DIVERSIFIED STRATEGIC INCOME FUND. CLASS Z
<S> <C>
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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