SMITH BARNEY INCOME FUNDS
NSAR-A, EX-27, 2000-08-29
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000764624
<NAME> PREMIUM TOTAL RETURN

<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                               Dec-31-2000
<PERIOD-END>                                    Jun-30-2000
<INVESTMENTS-AT-COST>                         1,885,018,347
<INVESTMENTS-AT-VALUE>                        2,126,221,459
<RECEIVABLES>                                   135,231,773
<ASSETS-OTHER>                                          386
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                2,261,453,618
<PAYABLE-FOR-SECURITIES>                         18,798,410
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                       118,088,327
<TOTAL-LIABILITIES>                             136,886,737
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                      1,689,118,409
<SHARES-COMMON-STOCK>                            35,457,676
<SHARES-COMMON-PRIOR>                            36,933,643
<ACCUMULATED-NII-CURRENT>                        18,384,607
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                         177,802,334
<OVERDISTRIBUTION-GAINS>                                  0
<ACCUM-APPREC-OR-DEPREC>                        239,261,531
<NET-ASSETS>                                  2,124,566,881
<DIVIDEND-INCOME>                                22,614,997
<INTEREST-INCOME>                                46,243,597
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                   16,332,124
<NET-INVESTMENT-INCOME>                          52,526,470
<REALIZED-GAINS-CURRENT>                        133,673,548
<APPREC-INCREASE-CURRENT>                       (57,658,993)
<NET-CHANGE-FROM-OPS>                           128,541,025
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                        12,918,361
<DISTRIBUTIONS-OF-GAINS>                         31,461,029
<DISTRIBUTIONS-OTHER>                                     0
<NUMBER-OF-SHARES-SOLD>                           3,857,981
<NUMBER-OF-SHARES-REDEEMED>                       7,256,781
<SHARES-REINVESTED>                               1,922,833
<NET-CHANGE-IN-ASSETS>                         (420,329,019)
<ACCUMULATED-NII-PRIOR>                           7,790,038
<ACCUMULATED-GAINS-PRIOR>                       150,069,581
<OVERDISTRIB-NII-PRIOR>                                   0
<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                             8,424,409
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                  16,332,124
<AVERAGE-NET-ASSETS>                            630,653,877
<PER-SHARE-NAV-BEGIN>                                18.070
<PER-SHARE-NII>                                       0.450
<PER-SHARE-GAIN-APPREC>                               0.700
<PER-SHARE-DIVIDEND>                                  0.380
<PER-SHARE-DISTRIBUTIONS>                             0.920
<RETURNS-OF-CAPITAL>                                  0.000
<PER-SHARE-NAV-END>                                  17.920
<EXPENSE-RATIO>                                        1.12



</TABLE>


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