<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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<PAGE> PAGE 20
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] LARGE CAP BLEND FUND, CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 322,471,343
[INVESTMENTS-AT-VALUE] 471,519,812
[RECEIVABLES] 7,688,874
[ASSETS-OTHER] 50,550,700
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 529,759,386
[PAYABLE-FOR-SECURITIES] 1,918,388
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 59,957,155
[TOTAL-LIABILITIES] 61,875,543
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 305,794,530
[SHARES-COMMON-STOCK] 9,904,693
[SHARES-COMMON-PRIOR] 9,652,673
[ACCUMULATED-NII-CURRENT] (210,746)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 13,251,590
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 149,048,469
[NET-ASSETS] 467,883,843
[DIVIDEND-INCOME] 4,503,819
[INTEREST-INCOME] 607,745
[OTHER-INCOME] 0
[EXPENSES-NET] 2,725,386
[NET-INVESTMENT-INCOME] 2,386,178
[REALIZED-GAINS-CURRENT] 13,247,713
[APPREC-INCREASE-CURRENT] 19,641,216
[NET-CHANGE-FROM-OPS] 35,275,107
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 916,772
[DISTRIBUTIONS-OF-GAINS] 3,228,481
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,026,366
[NUMBER-OF-SHARES-REDEEMED] 823,583
[SHARES-REINVESTED] 49,237
[NET-CHANGE-IN-ASSETS] 38,271,843
[ACCUMULATED-NII-PRIOR] (225,094)
[ACCUMULATED-GAINS-PRIOR] 9,104,383
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,546,050
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,725,386
[AVERAGE-NET-ASSETS] 170,973,332
[PER-SHARE-NAV-BEGIN] 15.72
[PER-SHARE-NII] 00.09
[PER-SHARE-GAIN-APPREC] 01.21
[PER-SHARE-DIVIDEND] 00.09
[PER-SHARE-DISTRIBUTIONS] 00.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.60
[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] LARGE CAP BLEND FUND, CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 322,471,343
[INVESTMENTS-AT-VALUE] 471,519,812
[RECEIVABLES] 7,688,874
[ASSETS-OTHER] 50,550,700
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 529,759,386
[PAYABLE-FOR-SECURITIES] 1,918,388
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 59,957,155
[TOTAL-LIABILITIES] 61,875,543
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 305,794,530
[SHARES-COMMON-STOCK] 9,234,674
[SHARES-COMMON-PRIOR] 9,775,639
[ACCUMULATED-NII-CURRENT] (210,746)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 13,251,590
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 149,048,469
[NET-ASSETS] 467,883,843
[DIVIDEND-INCOME] 4,503,819
[INTEREST-INCOME] 607,745
[OTHER-INCOME] 0
[EXPENSES-NET] 2,725,386
[NET-INVESTMENT-INCOME] 2,386,178
[REALIZED-GAINS-CURRENT] 13,247,713
[APPREC-INCREASE-CURRENT] 19,641,216
[NET-CHANGE-FROM-OPS] 35,275,107
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 613,551
[DISTRIBUTIONS-OF-GAINS] 3,006,695
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 565,986
[NUMBER-OF-SHARES-REDEEMED] 1,136,469
[SHARES-REINVESTED] 29,516
[NET-CHANGE-IN-ASSETS] 38,271,843
[ACCUMULATED-NII-PRIOR] (225,094)
[ACCUMULATED-GAINS-PRIOR] 9,104,383
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,546,050
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,725,386
[AVERAGE-NET-ASSETS] 162,953,247
[PER-SHARE-NAV-BEGIN] 15.72
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 01.20
[PER-SHARE-DIVIDEND] 00.07
[PER-SHARE-DISTRIBUTIONS] 00.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.59
[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] LARGE CAP BLEND FUND, CLASS L
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 322,471,343
[INVESTMENTS-AT-VALUE] 471,519,812
[RECEIVABLES] 7,688,874
[ASSETS-OTHER] 50,550,700
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 529,759,386
[PAYABLE-FOR-SECURITIES] 1,918,388
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 59,957,155
[TOTAL-LIABILITIES] 61,875,543
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 305,794,530
[SHARES-COMMON-STOCK] 20,706
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] (210,746)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 13,251,590
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 149,048,469
[NET-ASSETS] 467,883,843
[DIVIDEND-INCOME] 4,503,819
[INTEREST-INCOME] 607,745
[OTHER-INCOME] 0
[EXPENSES-NET] 2,725,386
[NET-INVESTMENT-INCOME] 2,386,178
[REALIZED-GAINS-CURRENT] 13,247,713
[APPREC-INCREASE-CURRENT] 19,641,216
[NET-CHANGE-FROM-OPS] 35,275,107
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 233
[DISTRIBUTIONS-OF-GAINS] 6,224
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 20,693
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 13
[NET-CHANGE-IN-ASSETS] 38,271,843
[ACCUMULATED-NII-PRIOR] (225,094)
[ACCUMULATED-GAINS-PRIOR] 9,104,383
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,546,050
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,725,386
[AVERAGE-NET-ASSETS] 227,910
[PER-SHARE-NAV-BEGIN] 16.89
[PER-SHARE-NII] 00.02
[PER-SHARE-GAIN-APPREC] 00.06
[PER-SHARE-DIVIDEND] 00.03
[PER-SHARE-DISTRIBUTIONS] 00.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.61
[EXPENSE-RATIO] 01.71
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] LARGE CAP BLEND FUND, CLASS O
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 322,471,343
[INVESTMENTS-AT-VALUE] 471,519,812
[RECEIVABLES] 7,688,874
[ASSETS-OTHER] 50,550,700
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 529,759,386
[PAYABLE-FOR-SECURITIES] 1,918,388
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 59,957,155
[TOTAL-LIABILITIES] 61,875,543
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 305,794,530
[SHARES-COMMON-STOCK] 354,729
[SHARES-COMMON-PRIOR] 318,456
[ACCUMULATED-NII-CURRENT] (210,746)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 13,251,590
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 149,048,469
[NET-ASSETS] 467,883,843
[DIVIDEND-INCOME] 4,503,819
[INTEREST-INCOME] 607,745
[OTHER-INCOME] 0
[EXPENSES-NET] 2,725,386
[NET-INVESTMENT-INCOME] 2,386,178
[REALIZED-GAINS-CURRENT] 13,247,713
[APPREC-INCREASE-CURRENT] 19,641,216
[NET-CHANGE-FROM-OPS] 35,275,107
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 23,126
[DISTRIBUTIONS-OF-GAINS] 115,872
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 61,564
[NUMBER-OF-SHARES-REDEEMED] 26,494
[SHARES-REINVESTED] 1,203
[NET-CHANGE-IN-ASSETS] 38,271,843
[ACCUMULATED-NII-PRIOR] (225,094)
[ACCUMULATED-GAINS-PRIOR] 9,104,383
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,546,050
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,725,386
[AVERAGE-NET-ASSETS] 6,251,426
[PER-SHARE-NAV-BEGIN] 15.72
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 01.21
[PER-SHARE-DIVIDEND] 00.07
[PER-SHARE-DISTRIBUTIONS] 00.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.60
[EXPENSE-RATIO] 01.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
[NUMBER] 2
[NAME] LARGE CAP BLEND FUND, CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 322,471,343
[INVESTMENTS-AT-VALUE] 471,519,812
[RECEIVABLES] 7,688,874
[ASSETS-OTHER] 50,550,700
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 529,759,386
[PAYABLE-FOR-SECURITIES] 1,918,388
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 59,957,155
[TOTAL-LIABILITIES] 61,875,543
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 305,794,530
[SHARES-COMMON-STOCK] 8,655,594
[SHARES-COMMON-PRIOR] 7,583,794
[ACCUMULATED-NII-CURRENT] (210,746)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 13,251,590
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 149,048,469
[NET-ASSETS] 467,883,843
[DIVIDEND-INCOME] 4,503,819
[INTEREST-INCOME] 607,745
[OTHER-INCOME] 0
[EXPENSES-NET] 2,725,386
[NET-INVESTMENT-INCOME] 2,386,178
[REALIZED-GAINS-CURRENT] 13,247,713
[APPREC-INCREASE-CURRENT] 19,641,216
[NET-CHANGE-FROM-OPS] 35,275,107
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 818,148
[DISTRIBUTIONS-OF-GAINS] 2,743,234
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,071,800
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 38,271,843
[ACCUMULATED-NII-PRIOR] (225,094)
[ACCUMULATED-GAINS-PRIOR] 9,104,383
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,546,050
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,725,386
[AVERAGE-NET-ASSETS] 138,253,036
[PER-SHARE-NAV-BEGIN] 15.73
[PER-SHARE-NII] 00.12
[PER-SHARE-GAIN-APPREC] 01.22
[PER-SHARE-DIVIDEND] 00.10
[PER-SHARE-DISTRIBUTIONS] 00.33
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 16.64
[EXPENSE-RATIO] 00.69
[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 A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 291,598,957
[INVESTMENTS-AT-VALUE] 424,781,164
[RECEIVABLES] 2,172,538
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 43,535,802
[TOTAL-ASSETS] 470,489,504
[PAYABLE-FOR-SECURITIES] 43,535,802
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,855,008
[TOTAL-LIABILITIES] 47,396,810
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 282,045,606
[SHARES-COMMON-STOCK] 10,595,261
[SHARES-COMMON-PRIOR] 9,822,231
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 254,658
[ACCUMULATED-NET-GAINS] 8,125,539
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 133,182,207
[NET-ASSETS] 423,098,694
[DIVIDEND-INCOME] 1,601,270
[INTEREST-INCOME] 3,873,141
[OTHER-INCOME] 0
[EXPENSES-NET] 3,162,551
[NET-INVESTMENT-INCOME] 2,311,860
[REALIZED-GAINS-CURRENT] 8,145,491
[APPREC-INCREASE-CURRENT] 38,314,688
[NET-CHANGE-FROM-OPS] 48,772,039
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,864,794
[DISTRIBUTIONS-OF-GAINS] 1,891,900
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,705,935
[NUMBER-OF-SHARES-REDEEMED] 1,010,542
[SHARES-REINVESTED] 77,637
[NET-CHANGE-IN-ASSETS] 41,564,234
[ACCUMULATED-NII-PRIOR] 21,900
[ACCUMULATED-GAINS-PRIOR] 3,275,052
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,147,902
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,147,902
[AVERAGE-NET-ASSETS] 237,088,590
[PER-SHARE-NAV-BEGIN] 20.57
[PER-SHARE-NII] 00.16
[PER-SHARE-GAIN-APPREC] 02.52
[PER-SHARE-DIVIDEND] 00.18
[PER-SHARE-DISTRIBUTIONS] 00.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.89
[EXPENSE-RATIO] 01.20
[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-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 291,598,957
[INVESTMENTS-AT-VALUE] 424,781,164
[RECEIVABLES] 2,172,538
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 43,535,802
[TOTAL-ASSETS] 470,489,504
[PAYABLE-FOR-SECURITIES] 43,535,802
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,855,008
[TOTAL-LIABILITIES] 47,396,810
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 282,045,606
[SHARES-COMMON-STOCK] 7,456,909
[SHARES-COMMON-PRIOR] 8,343,093
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 254,658
[ACCUMULATED-NET-GAINS] 8,125,539
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 133,182,207
[NET-ASSETS] 423,098,694
[DIVIDEND-INCOME] 1,601,270
[INTEREST-INCOME] 3,873,141
[OTHER-INCOME] 0
[EXPENSES-NET] 3,162,551
[NET-INVESTMENT-INCOME] 2,311,860
[REALIZED-GAINS-CURRENT] 8,145,491
[APPREC-INCREASE-CURRENT] 38,314,688
[NET-CHANGE-FROM-OPS] 48,772,039
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 690,822
[DISTRIBUTIONS-OF-GAINS] 1,330,772
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 691,234
[NUMBER-OF-SHARES-REDEEMED] 605,518
[SHARES-REINVESTED] 28,100
[NET-CHANGE-IN-ASSETS] 41,564,234
[ACCUMULATED-NII-PRIOR] 21,900
[ACCUMULATED-GAINS-PRIOR] 3,275,052
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,147,902
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,147,902
[AVERAGE-NET-ASSETS] 173,769,518
[PER-SHARE-NAV-BEGIN] 20.63
[PER-SHARE-NII] 00.08
[PER-SHARE-GAIN-APPREC] 02.52
[PER-SHARE-DIVIDEND] 00.09
[PER-SHARE-DISTRIBUTIONS] 00.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.96
[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 L
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] JAN-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 291,598,957
[INVESTMENTS-AT-VALUE] 424,781,164
[RECEIVABLES] 2,172,538
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 43,535,802
[TOTAL-ASSETS] 470,489,504
[PAYABLE-FOR-SECURITIES] 43,535,802
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,855,008
[TOTAL-LIABILITIES] 47,396,810
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 282,045,606
[SHARES-COMMON-STOCK] 400,727
[SHARES-COMMON-PRIOR] 346,895
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 254,658
[ACCUMULATED-NET-GAINS] 8,125,539
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 133,182,207
[NET-ASSETS] 423,098,694
[DIVIDEND-INCOME] 1,601,270
[INTEREST-INCOME] 3,873,141
[OTHER-INCOME] 0
[EXPENSES-NET] 3,162,551
[NET-INVESTMENT-INCOME] 2,311,860
[REALIZED-GAINS-CURRENT] 8,145,491
[APPREC-INCREASE-CURRENT] 38,314,688
[NET-CHANGE-FROM-OPS] 48,772,039
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 31,560
[DISTRIBUTIONS-OF-GAINS] 71,243
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 147,038
[NUMBER-OF-SHARES-REDEEMED] 94,554
[SHARES-REINVESTED] 1,348
[NET-CHANGE-IN-ASSETS] 41,564,234
[ACCUMULATED-NII-PRIOR] 21,900
[ACCUMULATED-GAINS-PRIOR] 3,275,052
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,147,902
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,147,902
[AVERAGE-NET-ASSETS] 7,989,990
[PER-SHARE-NAV-BEGIN] 20.68
[PER-SHARE-NII] 00.08
[PER-SHARE-GAIN-APPREC] 02.52
[PER-SHARE-DIVIDEND] 00.09
[PER-SHARE-DISTRIBUTIONS] 00.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 23.01
[EXPENSE-RATIO] 01.95
[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-31-1999
[PERIOD-END] JUL-31-1998
[INVESTMENTS-AT-COST] 291,598,957
[INVESTMENTS-AT-VALUE] 424,781,164
[RECEIVABLES] 2,172,538
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 43,535,802
[TOTAL-ASSETS] 470,489,504
[PAYABLE-FOR-SECURITIES] 43,535,802
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,855,008
[TOTAL-LIABILITIES] 47,396,810
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 282,045,606
[SHARES-COMMON-STOCK] 6,098
[SHARES-COMMON-PRIOR] 10,688
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 254,658
[ACCUMULATED-NET-GAINS] 8,125,539
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 133,182,207
[NET-ASSETS] 423,098,694
[DIVIDEND-INCOME] 1,601,270
[INTEREST-INCOME] 3,873,141
[OTHER-INCOME] 0
[EXPENSES-NET] 3,162,551
[NET-INVESTMENT-INCOME] 2,311,860
[REALIZED-GAINS-CURRENT] 8,145,491
[APPREC-INCREASE-CURRENT] 38,314,688
[NET-CHANGE-FROM-OPS] 48,772,039
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,242
[DISTRIBUTIONS-OF-GAINS] 1,089
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 4,590
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 41,564,234
[ACCUMULATED-NII-PRIOR] 21,900
[ACCUMULATED-GAINS-PRIOR] 3,275,052
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,147,902
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,147,902
[AVERAGE-NET-ASSETS] 151,181
[PER-SHARE-NAV-BEGIN] 20.62
[PER-SHARE-NII] 00.22
[PER-SHARE-GAIN-APPREC] 02.50
[PER-SHARE-DIVIDEND] 00.20
[PER-SHARE-DISTRIBUTIONS] 00.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 22.96
[EXPENSE-RATIO] 00.84
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>