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SMITH BARNEY MASSACHUSETTS MUNICIPALS FUND Supplement to Prospectus dated January 29, 1995 Beginning on July 1, 1995, Smith Barney Massachusetts Municipals Fund (the "Fund") began declaring dividends from its net investment income daily. Dividends will ordinarily be paid by the Fund on the last Friday of each month, to shareholders of record as of the preceding Tuesday. Supplement dated January 12, 1995 FD01072 1/96
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