<PAGE> PAGE 1
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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 5
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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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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] CONCERT SOCIAL AWARENESS FUND, CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 288,622,979
[INVESTMENTS-AT-VALUE] 381,664,603
[RECEIVABLES] 12,528,547
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 394,193,150
[PAYABLE-FOR-SECURITIES] 6,260,856
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 342,610
[TOTAL-LIABILITIES] 6,603,466
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 265,064,425
[SHARES-COMMON-STOCK] 8,965,687
[SHARES-COMMON-PRIOR] 9,196,849
[ACCUMULATED-NII-CURRENT] 699,147
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 28,784,488
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 93,041,624
[NET-ASSETS] 387,589,684
[DIVIDEND-INCOME] 1,549,403
[INTEREST-INCOME] 5,595,090
[OTHER-INCOME] 0
[EXPENSES-NET] 2,881,726
[NET-INVESTMENT-INCOME] 4,262,767
[REALIZED-GAINS-CURRENT] 19,056,453
[APPREC-INCREASE-CURRENT] 28,560,863
[NET-CHANGE-FROM-OPS] 51,880,083
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,602,241
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 848,680
[NUMBER-OF-SHARES-REDEEMED] 1,204,344
[SHARES-REINVESTED] 124,502
[NET-CHANGE-IN-ASSETS] 2,778,033
[ACCUMULATED-NII-PRIOR] 1,049,534
[ACCUMULATED-GAINS-PRIOR] 9,728,035
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 999,977
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,881,726
[AVERAGE-NET-ASSETS] 179,968,562
[PER-SHARE-NAV-BEGIN] 19.36
[PER-SHARE-NII] 00.28
[PER-SHARE-GAIN-APPREC] 02.66
[PER-SHARE-DIVIDEND] 00.29
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.01
[EXPENSE-RATIO] 01.22
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] CONCERT SOCIAL AWARENESS FUND, CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 288,622,979
[INVESTMENTS-AT-VALUE] 381,664,603
[RECEIVABLES] 12,528,547
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 394,193,150
[PAYABLE-FOR-SECURITIES] 6,260,856
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 342,610
[TOTAL-LIABILITIES] 6,603,466
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 265,064,425
[SHARES-COMMON-STOCK] 8,356,226
[SHARES-COMMON-PRIOR] 10,433,620
[ACCUMULATED-NII-CURRENT] 699,147
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 28,784,488
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 93,041,624
[NET-ASSETS] 387,589,684
[DIVIDEND-INCOME] 1,549,403
[INTEREST-INCOME] 5,595,090
[OTHER-INCOME] 0
[EXPENSES-NET] 2,881,726
[NET-INVESTMENT-INCOME] 4,262,767
[REALIZED-GAINS-CURRENT] 19,056,453
[APPREC-INCREASE-CURRENT] 28,560,863
[NET-CHANGE-FROM-OPS] 51,880,083
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,958,884
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 682,021
[NUMBER-OF-SHARES-REDEEMED] 2,851,738
[SHARES-REINVESTED] 92,323
[NET-CHANGE-IN-ASSETS] 2,778,033
[ACCUMULATED-NII-PRIOR] 1,049,534
[ACCUMULATED-GAINS-PRIOR] 9,728,035
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 999,977
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,881,726
[AVERAGE-NET-ASSETS] 182,613,721
[PER-SHARE-NAV-BEGIN] 19.42
[PER-SHARE-NII] 00.21
[PER-SHARE-GAIN-APPREC] 02.66
[PER-SHARE-DIVIDEND] 00.22
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.07
[EXPENSE-RATIO] 01.97
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] CONCERT SOCIAL AWARENESS FUND, CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 288,622,979
[INVESTMENTS-AT-VALUE] 381,664,603
[RECEIVABLES] 12,528,547
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 394,193,150
[PAYABLE-FOR-SECURITIES] 6,260,856
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 342,610
[TOTAL-LIABILITIES] 6,603,466
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 265,064,425
[SHARES-COMMON-STOCK] 257,640
[SHARES-COMMON-PRIOR] 205,578
[ACCUMULATED-NII-CURRENT] 699,147
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 28,784,488
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 93,041,624
[NET-ASSETS] 387,589,684
[DIVIDEND-INCOME] 1,549,403
[INTEREST-INCOME] 5,595,090
[OTHER-INCOME] 0
[EXPENSES-NET] 2,881,726
[NET-INVESTMENT-INCOME] 4,262,767
[REALIZED-GAINS-CURRENT] 19,056,453
[APPREC-INCREASE-CURRENT] 28,560,863
[NET-CHANGE-FROM-OPS] 51,880,083
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 49,676
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 107,198
[NUMBER-OF-SHARES-REDEEMED] 57,604
[SHARES-REINVESTED] 2,468
[NET-CHANGE-IN-ASSETS] 2,778,033
[ACCUMULATED-NII-PRIOR] 1,049,534
[ACCUMULATED-GAINS-PRIOR] 9,728,035
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 999,977
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,881,726
[AVERAGE-NET-ASSETS] 4,443,397
[PER-SHARE-NAV-BEGIN] 19.46
[PER-SHARE-NII] 00.21
[PER-SHARE-GAIN-APPREC] 02.66
[PER-SHARE-DIVIDEND] 00.22
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.11
[EXPENSE-RATIO] 01.96
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 1
[NAME] CONCERT SOCIAL AWARENESS FUND, CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 288,622,979
[INVESTMENTS-AT-VALUE] 381,664,603
[RECEIVABLES] 12,528,547
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 394,193,150
[PAYABLE-FOR-SECURITIES] 6,260,856
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 342,610
[TOTAL-LIABILITIES] 6,603,466
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 265,064,425
[SHARES-COMMON-STOCK] 7,380
[SHARES-COMMON-PRIOR] 7,380
[ACCUMULATED-NII-CURRENT] 699,147
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 28,784,488
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 93,041,624
[NET-ASSETS] 387,589,684
[DIVIDEND-INCOME] 1,549,403
[INTEREST-INCOME] 5,595,090
[OTHER-INCOME] 0
[EXPENSES-NET] 2,881,726
[NET-INVESTMENT-INCOME] 4,262,767
[REALIZED-GAINS-CURRENT] 19,056,453
[APPREC-INCREASE-CURRENT] 28,560,863
[NET-CHANGE-FROM-OPS] 51,880,083
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,353
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 2,778,033
[ACCUMULATED-NII-PRIOR] 1,049,534
[ACCUMULATED-GAINS-PRIOR] 9,728,035
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 999,977
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,881,726
[AVERAGE-NET-ASSETS] 147,487
[PER-SHARE-NAV-BEGIN] 19.39
[PER-SHARE-NII] 00.31
[PER-SHARE-GAIN-APPREC] 02.67
[PER-SHARE-DIVIDEND] 00.32
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.05
[EXPENSE-RATIO] 00.87
[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, CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 278,377,475
[INVESTMENTS-AT-VALUE] 434,727,783
[RECEIVABLES] 677,740
[ASSETS-OTHER] 41,287
[OTHER-ITEMS-ASSETS] 581,579
[TOTAL-ASSETS] 436,028,389
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 323,755
[TOTAL-LIABILITIES] 323,755
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 271,954,228
[SHARES-COMMON-STOCK] 9,350,611
[SHARES-COMMON-PRIOR] 9,317,249
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 362,418
[ACCUMULATED-NET-GAINS] 7,736,428
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 156,350,308
[NET-ASSETS] 435,704,634
[DIVIDEND-INCOME] 3,782,602
[INTEREST-INCOME] 890,386
[OTHER-INCOME] 0
[EXPENSES-NET] 2,223,637
[NET-INVESTMENT-INCOME] 2,428,958
[REALIZED-GAINS-CURRENT] 5,616,255
[APPREC-INCREASE-CURRENT] 55,838,873
[NET-CHANGE-FROM-OPS] 63,884,086
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 927,485
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 784,732
[NUMBER-OF-SHARES-REDEEMED] 810,602
[SHARES-REINVESTED] 59,232
[NET-CHANGE-IN-ASSETS] (2,572,301)
[ACCUMULATED-NII-PRIOR] (3,848,619)
[ACCUMULATED-GAINS-PRIOR] (4,202,531)
[OVERDISTRIB-NII-PRIOR] (219,075)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,213,242
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,213,242
[AVERAGE-NET-ASSETS] 138,453
[PER-SHARE-NAV-BEGIN] 14.30
[PER-SHARE-NII] 00.10
[PER-SHARE-GAIN-APPREC] 02.39
[PER-SHARE-DIVIDEND] 00.10
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.69
[EXPENSE-RATIO] 01.09
[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, CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 278,377,475
[INVESTMENTS-AT-VALUE] 434,727,783
[RECEIVABLES] 677,740
[ASSETS-OTHER] 41,287
[OTHER-ITEMS-ASSETS] 581,579
[TOTAL-ASSETS] 436,028,389
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 323,755
[TOTAL-LIABILITIES] 323,755
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 271,954,228
[SHARES-COMMON-STOCK] 9,485,623
[SHARES-COMMON-PRIOR] 9,575,491
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 362,418
[ACCUMULATED-NET-GAINS] 7,736,428
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 156,350,308
[NET-ASSETS] 435,704,634
[DIVIDEND-INCOME] 3,782,602
[INTEREST-INCOME] 890,386
[OTHER-INCOME] 0
[EXPENSES-NET] 2,223,637
[NET-INVESTMENT-INCOME] 2,428,958
[REALIZED-GAINS-CURRENT] 5,616,255
[APPREC-INCREASE-CURRENT] 55,838,873
[NET-CHANGE-FROM-OPS] 63,884,086
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 695,539
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,147,489
[NUMBER-OF-SHARES-REDEEMED] 1,277,137
[SHARES-REINVESTED] 39,780
[NET-CHANGE-IN-ASSETS] (2,572,301)
[ACCUMULATED-NII-PRIOR] (3,848,619)
[ACCUMULATED-GAINS-PRIOR] (4,202,531)
[OVERDISTRIB-NII-PRIOR] (219,075)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,213,242
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,213,242
[AVERAGE-NET-ASSETS] 141,699
[PER-SHARE-NAV-BEGIN] 14.33
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 02.37
[PER-SHARE-DIVIDEND] 00.07
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.70
[EXPENSE-RATIO] 01.59
[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, CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 278,377,475
[INVESTMENTS-AT-VALUE] 434,727,783
[RECEIVABLES] 677,740
[ASSETS-OTHER] 41,287
[OTHER-ITEMS-ASSETS] 581,579
[TOTAL-ASSETS] 436,028,389
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 323,755
[TOTAL-LIABILITIES] 323,755
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 271,954,228
[SHARES-COMMON-STOCK] 273,866
[SHARES-COMMON-PRIOR] 206,423
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 362,418
[ACCUMULATED-NET-GAINS] 7,736,428
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 156,350,308
[NET-ASSETS] 435,704,634
[DIVIDEND-INCOME] 3,782,602
[INTEREST-INCOME] 890,386
[OTHER-INCOME] 0
[EXPENSES-NET] 2,223,637
[NET-INVESTMENT-INCOME] 2,428,958
[REALIZED-GAINS-CURRENT] 5,616,255
[APPREC-INCREASE-CURRENT] 55,838,873
[NET-CHANGE-FROM-OPS] 63,884,086
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 17,564
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 76,743
[NUMBER-OF-SHARES-REDEEMED] 10,403
[SHARES-REINVESTED] 1,103
[NET-CHANGE-IN-ASSETS] (2,572,301)
[ACCUMULATED-NII-PRIOR] (3,848,619)
[ACCUMULATED-GAINS-PRIOR] (4,202,531)
[OVERDISTRIB-NII-PRIOR] (219,075)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,213,242
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,213,242
[AVERAGE-NET-ASSETS] 3,538
[PER-SHARE-NAV-BEGIN] 14.33
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 02.38
[PER-SHARE-DIVIDEND] 00.07
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.71
[EXPENSE-RATIO] 01.58
[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, CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1998
[PERIOD-END] JUL-31-1997
[INVESTMENTS-AT-COST] 278,377,475
[INVESTMENTS-AT-VALUE] 434,727,783
[RECEIVABLES] 677,740
[ASSETS-OTHER] 41,287
[OTHER-ITEMS-ASSETS] 581,579
[TOTAL-ASSETS] 436,028,389
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 323,755
[TOTAL-LIABILITIES] 323,755
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 271,954,228
[SHARES-COMMON-STOCK] 6,978,329
[SHARES-COMMON-PRIOR] 5,451,703
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 362,418
[ACCUMULATED-NET-GAINS] 7,736,428
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 156,350,308
[NET-ASSETS] 435,704,634
[DIVIDEND-INCOME] 3,782,602
[INTEREST-INCOME] 890,386
[OTHER-INCOME] 0
[EXPENSES-NET] 2,223,637
[NET-INVESTMENT-INCOME] 2,428,958
[REALIZED-GAINS-CURRENT] 5,616,255
[APPREC-INCREASE-CURRENT] 55,838,873
[NET-CHANGE-FROM-OPS] 63,884,086
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 931,713
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,526,625
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] (2,572,301)
[ACCUMULATED-NII-PRIOR] (3,848,619)
[ACCUMULATED-GAINS-PRIOR] (4,202,531)
[OVERDISTRIB-NII-PRIOR] (219,075)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,213,242
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,213,242
[AVERAGE-NET-ASSETS] 94,205
[PER-SHARE-NAV-BEGIN] 14.34
[PER-SHARE-NII] 00.13
[PER-SHARE-GAIN-APPREC] 02.38
[PER-SHARE-DIVIDEND] 00.14
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.71
[EXPENSE-RATIO] 01.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
SMITH BARNEY EQUITY FUNDS
January 1, 1997 through June 30, 1997
10f-3 Report
% of
Trade Purchase Fund % of
Issuer Date Selling Dealer Shares Price
Assets Issue
Kilrou Realty Corp 1/28/97 Pru Bache 18,500 $23.00
0.12% 0.16%
Knightsbridge Tankers 2/26/97 Goldman, Sachs 45,000
20.00 0.26 0.36
Provident Companies 5/5/97 Morgan Stanley 15,000 53.00
0.22 2.87
New Jersey 6/26/97 Morgan Stanley $1,000,000
100.00 0.27 0.04
