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SMITH BARNEY MUNI FUNDS - CALIFORNIA MONEY MARKET PORTFOLIO NEW YORK MONEY MARKET PORTFOLIO (the "Portfolios") Supplement to Prospectuses dated July 1, 1996 For South Dakota Investors: CLASS Y SHARES OF THE PORTFOLIOS ARE NOT AVAILABLE FOR PURCHASE BY RESIDENTS OF SOUTH DAKOTA. Supplement dated: January 17, 1997 FD 01260
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