SMITH BARNEY NATURAL RESOURCES FUND INC
NSAR-B, 1996-01-17
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<PAGE>      PAGE  1
000 B000000 10/31/95
000 C000000 797480
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000 J000000 A
001 A000000 SMITH BARNEY PRECIOUS METALS & MINERALS FUND
001 B000000 811-4757
001 C000000 2127239218
002 A000000 388 GREENWICH STREET
002 B000000 NEW YORK
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008 A000001 SMITH BARNEY STRATEGY ADVISORS INC.
008 B000001 A
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008 D010001 NEW YORK
008 D020001 NY
008 D030001 10013
008 A000002 LEHMAN BROTHERS GLOBAL ASSET MANAGEMENT LTD.
008 B000002 S
008 C000002 801-000000
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10013
010 A000001 SMITH BARNEY MUTUAL FUNDS MANAGEMENT INC.
010 B000001 801-14437
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010 C020001 NY
010 C030001 10013
011 A000001 SMITH BARNEY INC.
011 B000001 8-000000
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10013
012 A000001 FIRST DATA INVESTOR SERVICES GROUP, INC.
012 B000001 84-000000
012 C010001 BOSTON
012 C020001 MA
012 C030001 02205
012 C040001 9134
013 A000001 KPMG PEAT MARWCIK LLP
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013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
015 A000001 MORGAN GUARANTY TRUST CO. OF NEW YORK
015 B000001 C
015 C010001 NEW YORK
015 C020001 NY
015 C030001 10260
015 C040001 0023
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020 A000001 MIDLAND WALWYN CAPITAL INC.
020 C000001     32
020 A000002 BAIN & CO.
020 C000002     29
020 A000003 PRUDENTIAL BACHE SECURITIES, LONDON
020 C000003     27
020 A000004 JAMES CAPAL LONDON
020 C000004     24
020 A000005 HAMBRUS BANK, LTD.
020 C000005     19
020 A000006 SCOTIA MCLEOD INC.
020 C000006     16
020 A000007 HAMBROS EQUITIES UK, LTD
020 C000007     16
020 A000008 ORD MINNETT
020 C000008     13
020 A000009 BANKERS TRUST INTERNATIONAL PLC.
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SIGNATURE   IRVING DAVID                                 
TITLE       CONTROLLER          
 


[ARTICLE] 6
[CIK] 0000797480
[NAME] SMITH BARNEY PRECIOUS METALS AND MINERALS FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          OCT-31-1995
[PERIOD-END]                               OCT-31-1995
[INVESTMENTS-AT-COST]                       53,856,824
[INVESTMENTS-AT-VALUE]                      54,663,959
[RECEIVABLES]                                5,371,692
[ASSETS-OTHER]                                  12,975
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              60,517,024
[PAYABLE-FOR-SECURITIES]                     6,117,918
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      195,669
[TOTAL-LIABILITIES]                          6,313,587
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    79,447,689
[SHARES-COMMON-STOCK]                        1,689,793
[SHARES-COMMON-PRIOR]                        1,929,617
[ACCUMULATED-NII-CURRENT]                    (820,799)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                   (24,906,318)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                       482,865
[NET-ASSETS]                                54,203,437
[DIVIDEND-INCOME]                              892,366
[INTEREST-INCOME]                              279,352
[OTHER-INCOME]                                (92,199)
[EXPENSES-NET]                               1,535,456
[NET-INVESTMENT-INCOME]                      (455,937)
[REALIZED-GAINS-CURRENT]                     3,103,162
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                     (18,931,243)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     20,611,514
[NUMBER-OF-SHARES-REDEEMED]               (20,851,338)
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                    (24,870,826)
[ACCUMULATED-NII-PRIOR]                      (658,340)
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          505,253
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,535,456
[AVERAGE-NET-ASSETS]                            28,580
[PER-SHARE-NAV-BEGIN]                            21.44
[PER-SHARE-NII]                                 (4.94)
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              16.50
[EXPENSE-RATIO]                                   1.99
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>

[ARTICLE] 6
[CIK] 0000797480
[NAME] SMITH BARNEY PRECIOUS METALS AND MINERALS - CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          OCT-31-1995
[PERIOD-END]                               OCT-31-1995
[INVESTMENTS-AT-COST]                       53,856,824
[INVESTMENTS-AT-VALUE]                      54,663,959
[RECEIVABLES]                                5,371,692
[ASSETS-OTHER]                                  12,975
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              60,517,024
[PAYABLE-FOR-SECURITIES]                     6,117,918
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      195,669
[TOTAL-LIABILITIES]                          6,313,587
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    79,447,689
[SHARES-COMMON-STOCK]                        1,593,919
[SHARES-COMMON-PRIOR]                        1,783,566
[ACCUMULATED-NII-CURRENT]                    (820,799)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                   (24,906,318)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                       482,865
[NET-ASSETS]                                54,203,437
[DIVIDEND-INCOME]                              892,366
[INTEREST-INCOME]                              279,352
[OTHER-INCOME]                                (92,199)
[EXPENSES-NET]                               1,535,456
[NET-INVESTMENT-INCOME]                      (455,937)
[REALIZED-GAINS-CURRENT]                     3,103,162
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                     (18,931,243)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      5,952,309
[NUMBER-OF-SHARES-REDEEMED]                (6,141,956)
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                    (24,870,826)
[ACCUMULATED-NII-PRIOR]                      (658,340)
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          505,253
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,535,456
[AVERAGE-NET-ASSETS]                            25,091
[PER-SHARE-NAV-BEGIN]                            21.14
[PER-SHARE-NII]                                 (4.99)
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              16.15
[EXPENSE-RATIO]                                   2.62
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>

[ARTICLE] 6
[CIK] 0000797480
[NAME] SMITH BARNEY PRECIOUS METALS AND MINERALS - CLASS C
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          OCT-31-1995
[PERIOD-END]                               OCT-31-1995
[INVESTMENTS-AT-COST]                       53,856,824
[INVESTMENTS-AT-VALUE]                      54,663,959
[RECEIVABLES]                                5,371,692
[ASSETS-OTHER]                                  12,975
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              60,517,024
[PAYABLE-FOR-SECURITIES]                     6,117,918
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      195,669
[TOTAL-LIABILITIES]                          6,313,587
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    79,447,689
[SHARES-COMMON-STOCK]                           35,361
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                    (820,799)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                   (24,906,318)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                       482,865
[NET-ASSETS]                                54,203,437
[DIVIDEND-INCOME]                              892,366
[INTEREST-INCOME]                              279,352
[OTHER-INCOME]                                (92,199)
[EXPENSES-NET]                               1,535,456
[NET-INVESTMENT-INCOME]                      (455,937)
[REALIZED-GAINS-CURRENT]                     3,103,162
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                     (18,931,243)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        179,087
[NUMBER-OF-SHARES-REDEEMED]                  (143,726)
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                    (24,870,826)
[ACCUMULATED-NII-PRIOR]                      (658,340)
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          505,253
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,535,456
[AVERAGE-NET-ASSETS]                               542
[PER-SHARE-NAV-BEGIN]                            20.63
[PER-SHARE-NII]                                 (4.47)
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              16.16
[EXPENSE-RATIO]                                   2.69
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>


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