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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] STRATEGIC INVESTORS FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 342,590,995
[INVESTMENTS-AT-VALUE] 403,012,553
[RECEIVABLES] 2,882,772
[ASSETS-OTHER] 231,517
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 406,126,842
[PAYABLE-FOR-SECURITIES] 545,000
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 818,846
[TOTAL-LIABILITIES] 1,363,846
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 337,135,662
[SHARES-COMMON-STOCK] 9,210,887
[SHARES-COMMON-PRIOR] 10,012,321
[ACCUMULATED-NII-CURRENT] 1,589,330
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 5,616,446
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 60,421,558
[NET-ASSETS] 404,762,996
[DIVIDEND-INCOME] 5,156,736
[INTEREST-INCOME] 11,507,493
[OTHER-INCOME] 0
[EXPENSES-NET] 6,268,083
[NET-INVESTMENT-INCOME] 10,396,146
[REALIZED-GAINS-CURRENT] 15,912,267
[APPREC-INCREASE-CURRENT] 63,677,310
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 4,794,402
[DISTRIBUTIONS-OF-GAINS] 4,657,750
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 541,718
[NUMBER-OF-SHARES-REDEEMED] 1,845,569
[SHARES-REINVESTED] 502,417
[NET-CHANGE-IN-ASSETS] 27,509,401
[ACCUMULATED-NII-PRIOR] 1,367,230
[ACCUMULATED-GAINS-PRIOR] 1,213,519
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,856,886
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,268,083
[AVERAGE-NET-ASSETS] 164,487,070
[PER-SHARE-NAV-BEGIN] 15.91
[PER-SHARE-NII] 0.61
[PER-SHARE-GAIN-APPREC] 3.52
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (1.04)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 19.00
[EXPENSE-RATIO] 1.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] STRATEGIC INVESTORS FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 342,590,995
[INVESTMENTS-AT-VALUE] 403,012,553
[RECEIVABLES] 2,882,772
[ASSETS-OTHER] 231,517
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 406,126,842
[PAYABLE-FOR-SECURITIES] 545,000
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 818,846
[TOTAL-LIABILITIES] 1,363,846
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 337,135,662
[SHARES-COMMON-STOCK] 11,883,207
[SHARES-COMMON-PRIOR] 13,527,240
[ACCUMULATED-NII-CURRENT] 1,589,330
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 5,616,446
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 60,421,558
[NET-ASSETS] 404,762,996
[DIVIDEND-INCOME] 5,156,736
[INTEREST-INCOME] 11,507,493
[OTHER-INCOME] 0
[EXPENSES-NET] 6,268,083
[NET-INVESTMENT-INCOME] 10,396,146
[REALIZED-GAINS-CURRENT] 15,912,267
[APPREC-INCREASE-CURRENT] 63,677,310
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 5,223,352
[DISTRIBUTIONS-OF-GAINS] 6,253,844
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,095,309
[NUMBER-OF-SHARES-REDEEMED] 3,328,074
[SHARES-REINVESTED] 588,732
[NET-CHANGE-IN-ASSETS] 27,509,401
[ACCUMULATED-NII-PRIOR] 1,367,230
[ACCUMULATED-GAINS-PRIOR] 1,213,519
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,856,886
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,268,083
[AVERAGE-NET-ASSETS] 223,500,946
[PER-SHARE-NAV-BEGIN] 15.97
[PER-SHARE-NII] 0.49
[PER-SHARE-GAIN-APPREC] 3.53
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.94)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 19.05
[EXPENSE-RATIO] 1.94
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] STRATEGIC INVESTORS FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 342,590,995
[INVESTMENTS-AT-VALUE] 403,012,553
[RECEIVABLES] 2,882,772
[ASSETS-OTHER] 231,517
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 406,126,842
[PAYABLE-FOR-SECURITIES] 545,000
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 818,846
[TOTAL-LIABILITIES] 1,363,846
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 337,135,662
[SHARES-COMMON-STOCK] 177,973
[SHARES-COMMON-PRIOR] 123,475
[ACCUMULATED-NII-CURRENT] 1,589,330
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 5,616,446
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 60,421,558
[NET-ASSETS] 404,762,996
[DIVIDEND-INCOME] 5,156,736
[INTEREST-INCOME] 11,507,493
[OTHER-INCOME] 0
[EXPENSES-NET] 6,268,083
[NET-INVESTMENT-INCOME] 10,396,146
[REALIZED-GAINS-CURRENT] 15,912,267
[APPREC-INCREASE-CURRENT] 63,677,310
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 60,558
[DISTRIBUTIONS-OF-GAINS] 83,748
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 111,657
[NUMBER-OF-SHARES-REDEEMED] 64,317
[SHARES-REINVESTED] 7,158
[NET-CHANGE-IN-ASSETS] 27,509,401
[ACCUMULATED-NII-PRIOR] 1,367,230
[ACCUMULATED-GAINS-PRIOR] 1,213,519
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,856,886
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,268,083
[AVERAGE-NET-ASSETS] 2,497,529
[PER-SHARE-NAV-BEGIN] 15.97
[PER-SHARE-NII] 0.45
[PER-SHARE-GAIN-APPREC] 3.60
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.94)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 19.08
[EXPENSE-RATIO] 1.94
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] GROWTH AND INCOME FUND - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 161,807,297
[INVESTMENTS-AT-VALUE] 216,593,748
[RECEIVABLES] 891,298
[ASSETS-OTHER] 8,554,469
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 226,039,515
[PAYABLE-FOR-SECURITIES] 1,633,752
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 459,338
[TOTAL-LIABILITIES] 2,093,090
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 168,844,212
[SHARES-COMMON-STOCK] 9,053,395
[SHARES-COMMON-PRIOR] 9,877,686
[ACCUMULATED-NII-CURRENT] 3,229,789
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3,941,135
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 54,786,450
[NET-ASSETS] 223,946,425
[DIVIDEND-INCOME] 4,772,452
[INTEREST-INCOME] 1,130,671
[OTHER-INCOME] 0
[EXPENSES-NET] 2,842,475
[NET-INVESTMENT-INCOME] 3,060,649
[REALIZED-GAINS-CURRENT] 3,447,017
[APPREC-INCREASE-CURRENT] 47,361,227
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1,858,597)
[DISTRIBUTIONS-OF-GAINS] (1,825,712)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4,510,317
[NUMBER-OF-SHARES-REDEEMED] (16,678,832)
[SHARES-REINVESTED] 3,512,515
[NET-CHANGE-IN-ASSETS] (10,359,516)
[ACCUMULATED-NII-PRIOR] 169,140
[ACCUMULATED-GAINS-PRIOR] 494,119
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 918,110
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,842,475
[AVERAGE-NET-ASSETS] 102,444,667
[PER-SHARE-NAV-BEGIN] 9.62
[PER-SHARE-NII] 0.20
[PER-SHARE-GAIN-APPREC] 2.74
[PER-SHARE-DIVIDEND] (0.20)
[PER-SHARE-DISTRIBUTIONS] (0.20)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.16
[EXPENSE-RATIO] 1.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] GROWTH AND INCOME FUND - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 161,807,297
[INVESTMENTS-AT-VALUE] 216,593,748
[RECEIVABLES] 891,298
[ASSETS-OTHER] 8,554,469
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 226,039,515
[PAYABLE-FOR-SECURITIES] 1,633,752
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 459,338
[TOTAL-LIABILITIES] 2,093,090
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 168,844,212
[SHARES-COMMON-STOCK] 9,261,004
[SHARES-COMMON-PRIOR] 9,553,177
[ACCUMULATED-NII-CURRENT] 3,229,789
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3,941,135
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 54,786,450
[NET-ASSETS] 223,946,425
[DIVIDEND-INCOME] 4,772,452
[INTEREST-INCOME] 1,130,671
[OTHER-INCOME] 0
[EXPENSES-NET] 2,842,475
[NET-INVESTMENT-INCOME] 3,060,649
[REALIZED-GAINS-CURRENT] 3,447,017
[APPREC-INCREASE-CURRENT] 47,361,227
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (1,331,232)
[DISTRIBUTIONS-OF-GAINS] (1,823,336)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 16,587,042
[NUMBER-OF-SHARES-REDEEMED] (21,878,316)
[SHARES-REINVESTED] 2,793,248
[NET-CHANGE-IN-ASSETS] (10,359,516)
[ACCUMULATED-NII-PRIOR] 169,140
[ACCUMULATED-GAINS-PRIOR] 494,119
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 918,110
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,842,475
[AVERAGE-NET-ASSETS] 101,139,353
[PER-SHARE-NAV-BEGIN] 9.65
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] 2.75
[PER-SHARE-DIVIDEND] (0.15)
[PER-SHARE-DISTRIBUTIONS] (0.20)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.19
[EXPENSE-RATIO] 1.65
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] GROWTH AND INCOME FUND - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] JAN-31-1996
[PERIOD-END] JAN-31-1996
[INVESTMENTS-AT-COST] 161,807,297
[INVESTMENTS-AT-VALUE] 216,593,748
[RECEIVABLES] 891,298
[ASSETS-OTHER] 8,554,469
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 226,039,515
[PAYABLE-FOR-SECURITIES] 1,633,752
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 459,338
[TOTAL-LIABILITIES] 2,093,090
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 168,844,212
[SHARES-COMMON-STOCK] 78,803
[SHARES-COMMON-PRIOR] 8,857
[ACCUMULATED-NII-CURRENT] 3,229,789
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 3,941,135
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 54,786,450
[NET-ASSETS] 223,946,425
[DIVIDEND-INCOME] 4,772,452
[INTEREST-INCOME] 1,130,671
[OTHER-INCOME] 0
[EXPENSES-NET] 2,842,475
[NET-INVESTMENT-INCOME] 3,060,649
[REALIZED-GAINS-CURRENT] 3,447,017
[APPREC-INCREASE-CURRENT] 47,361,227
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (6,052)
[DISTRIBUTIONS-OF-GAINS] (10,235)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 839,162
[NUMBER-OF-SHARES-REDEEMED] (65,321)
[SHARES-REINVESTED] 15,678
[NET-CHANGE-IN-ASSETS] (10,359,516)
[ACCUMULATED-NII-PRIOR] 169,140
[ACCUMULATED-GAINS-PRIOR] 494,119
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 918,110
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,842,475
[AVERAGE-NET-ASSETS] 439,908
[PER-SHARE-NAV-BEGIN] 9.65
[PER-SHARE-NII] 0.13
[PER-SHARE-GAIN-APPREC] 2.76
[PER-SHARE-DIVIDEND] (0.15)
[PER-SHARE-DISTRIBUTIONS] (0.20)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.19
[EXPENSE-RATIO] 1.62
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
