SMITH BARNEY MUNI FUNDS
N-14/A, 1999-11-10
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   AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON NOVEMBER 10, 1999.

                        SECURITIES ACT FILE NO. 333-88929

================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549
                               -------------------

                                    FORM N-14
                             REGISTRATION STATEMENT
                                      UNDER
                         THE SECURITIES ACT OF 1933 [X]

                       PRE-EFFECTIVE AMENDMENT NO. 1 [ X ]

                        POST-EFFECTIVE AMENDMENT NO. [ ]

                             SMITH BARNEY MUNI FUNDS
               (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

                 388 Greenwich Street, New York, New York 10013
               (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)

                                 (212) 816-6474
                  (REGISTRANT'S AREA CODE AND TELEPHONE NUMBER)

                            CHRISTINA T. SYDOR, ESQ.
                             Smith Barney Muni Funds
                              388 Greenwich Street,
                            New York, New York 10013
                     (NAME AND ADDRESS OF AGENT FOR SERVICE)

                                 WITH COPIES TO:

 BURTON M. LEIBERT, ESQ.                          DAVID M. CARTER, ESQ.
Willkie Farr & Gallagher                            Hunton & Williams
   787 Seventh Avenue                     600 Peachtree Street, N.E., Suite 4100
 New York, NY 10019-6099                       Atlanta, Georgia 30308-2216


     APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING: As soon as practicable after
this Registration Statement becomes effective.

                      TITLE OF SECURITIES BEING REGISTERED:
    Shares of Beneficial Interest ($.001 par value) of the Georgia Portfolio,
                           a Series of the Registrant
                               -------------------

     The Registrant has registered an indefinite amount of securities under the
Securities Act of 1933 pursuant to Section 24(f) under the Investment Company
Act of 1940, as amended; accordingly, no fee is payable herewith because of
reliance upon Section 24(f).


     Registrant hereby amends this Registration Statement on such date or dates
as may be necessary to delay its effective date until the Registrant shall file
a further amendment which specifically states that this Registration Statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the Registration Statement shall become
effective on such date as the Commission, acting pursuant to said Section 8(a),
may determine.

================================================================================



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                                     PART A
             INFORMATION REQUIRED IN THE PROXY STATEMENT/PROSPECTUS

                                     PART B
         INFORMATION REQUIRED IN THE STATEMENT OF ADDITIONAL INFORMATION

                                     PART C
                                OTHER INFORMATION

Parts A, B and C of this Registration Statement on Form N-14 (the "Registration
Statement") are incorporated by reference into this Pre-Effective Amendment No.
1 to the Registration Statement from the initial filing of the Registration
Statement with the Securities and Exchange Commission on October 13, 1999,
except for part 14(a) of Item 16 of the Registration Statement which is amended
as indicated in Part C.




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                                     PART C

                                OTHER INFORMATION

ITEM 16. EXHIBITS

     14. (a)   Consent of KPMG LLP. Filed herewith.



<PAGE>


                                   SIGNATURES

     Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant has duly caused this amendment to
the Registration Statement on Form N-14 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York and State of New
York on the 5th day of November, 1999.


                                      SMITH BARNEY MUNI FUNDS

                                      By:  /s/ Heath B. McLendon
                                           ------------------------------
                                           Heath B. McLendon
                                           President and Chief Executive Officer

     Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.

<TABLE>
<CAPTION>

SIGNATURE                              TITLE                       DATE
- ---------                              -----                       ----
<S>                                    <C>                         <C>
/s/ Heath B. McLendon                  President,                  November 5, 1999
- ----------------------------------     Chief Executive Officer
Heath B. McLendon                      and Trustee

/s/ Lee Abraham*                       Trustee                     November 5, 1999
- ----------------------------------
Lee Abraham

/s/ Allan J. Bloostein*                Trustee                     November 5, 1999
- ----------------------------------
Allan J. Bloostein

/s/ Jane F. Dasher*                    Trustee                     November 5, 1999
- ----------------------------------
Jane F. Dasher

/s/ Donald R. Foley*                   Trustee                     November 5, 1999
- ----------------------------------
Donald R. Foley

/s/ Paul Hardin III*                   Trustee                     November 5, 1999
- ----------------------------------
Paul Hardin III

/s/ Richard E. Hanson*                 Trustee                     November 5, 1999
- ----------------------------------
Richard E. Hanson



<PAGE>


/s/ Roderick C. Rasmussen*             Trustee                     November 5, 1999
- ----------------------------------
Roderick C. Rasmussen

/s/ John P. Toolan*                    Trustee                     November 5, 1999
- ----------------------------------
John P. Toolan

/s/ Lewis E. Daidone                   Senior Vice President       November 5, 1999
- ----------------------------------     and Treasurer
Lewis E. Daidone

*By: /s/ Christina T. Sydor            Secretary                   November 5, 1999
     -----------------------------
     Christina T. Sydor
     Pursuant to Power of Attorney
</TABLE>





<PAGE>


                                                                   EXHIBIT 14(a)

                          Independent Auditors' Consent

To the Shareholders and Trustees of
Smith Barney Muni Funds - Georgia Portfolio:

We consent to the incorporation by reference, of our report dated May 12, 1999
and to the reference to our firm, with respect to the Smith Barney Muni Funds -
Georgia Portfolio, under the heading "Representations and Warranties" in Exhibit
A, included in the Prospectus/Proxy Statement included in this Registration
Statement on Form N-14 for Smith Barney Muni Funds.


                                       /s/ KPMG LLP
                                       -----------------------------------
                                       KPMG LLP


New York, New York
October 28, 1999





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