SMITH BARNEY PRECIOUS METALS AND MINERALS FUND INC.
(the "Fund")
Supplement to Prospectus and
Statement of Additional Information
dated December 30, 1994
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 sub-
administrator 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 11, 1995
