SMITH BARNEY PRECIOUS METALS AND MINERALS FUND
INC. (the "Fund")
Supplement to Prospectus and
Statement of Additional Information
dated March 1, 1995
On June 19, 1995, Smith Barney Mutual Funds
Management Inc. assumed responsibility for all
administrative functions for the Fund, including functions
previously performed by The Boston Company Advisors, Inc.
("Boston Advisors"). As of that date, Boston Advisors
ceased to serve as subadministrator to the Fund.
Also as of June 19, 1995, Morgan Guaranty Trust
Company of New York ("Morgan Guaranty") assumed
responsibility as the custodian for the Fund. As of that
date, Boston Safe Deposit and Trust Company, an affiliate
of Boston Advisors, ceased to serve as the Fund's
custodian. Morgan Guaranty is located at 60 Wall Street,
New York, New York 10260.
Supplement dated July 26, 1995
