Rule 497(e)
Registration Nos. 2-99861
811-4395
SMITH BARNEY MUNI FUNDS
Florida Portfolio
Limited Term Portfolio
New York Portfolio
Supplement dated October 4, 1995 to
Prospectuses dated July 31, 1995
The Trustees of Smith Barney Muni Funds (the "Fund")
have
approved a new management agreement on behalf of
each of the Florida Portfolio,
the Limited Term Portfolio and the New York Portfolio
(each a "Portfolio" and collectively, the "Portfolios") to
increase the effective management fee paid by the Fund on
behalf of each Portfolio.
Under the current management agreement the Fund
pays an effective management fee at an annual rate of 0.45%
of
each Portfolio's average daily net assets. Under the
proposed
management agreement the Fund would pay an effective
management fee at an annual rate of 0.50% of each
Portfolio's average daily net assets .
The proposed changes are subject to the approval of
each Portfolio's shareholders. Proxy materials describing
the proposed changes are being
mailed to the Fund's shareholders of record as of
September 29, 1995 in anticipation of the Special
Meeting of Shareholders scheduled to be held on
November 13, 1995. If the proposed management agreement
is not approved, the current management agreement will
remain in
effect.
FD 01035 10/95
