<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000764624
<NAME> Smith Barney Exchange Reserve Fund
<SERIES>
<NUMBER>005
<NAME>Smith Barney Income Funds
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> Jul-31-2000
<PERIOD-END> Jul-31-2000
<INVESTMENTS-AT-COST> 124,235,728
<INVESTMENTS-AT-VALUE> 124,235,728
<RECEIVABLES> 36,274
<ASSETS-OTHER> 280,807
<OTHER-ITEMS-ASSETS> 0
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<OTHER-ITEMS-LIABILITIES> 389,496
<TOTAL-LIABILITIES> 389,496
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 124,163,313
<SHARES-COMMON-STOCK> 29,258,241
<SHARES-COMMON-PRIOR> 27,333,775
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
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<NET-ASSETS> 124,163,313
<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 0
<EXPENSES-NET> 1,940,986
<NET-INVESTMENT-INCOME> 7,092,409
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<NET-CHANGE-FROM-OPS> 7,092,409
<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 586,342,842
<NUMBER-OF-SHARES-REDEEMED> 585,480,721
<SHARES-REINVESTED> 1,062,345
<NET-CHANGE-IN-ASSETS> (23,300,533)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
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<INTEREST-EXPENSE> 0
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<AVERAGE-NET-ASSETS> 31,466,946
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<PER-SHARE-DISTRIBUTIONS> 0.000
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 0.000
<EXPENSE-RATIO> 1.26
</TABLE>
