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<PAGE> PAGE 2
012 C020001 MA
012 C030001 02104
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015 B000001 C
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015 C030001 19103
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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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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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000811706
[NAME] SMITH BARNEY ARIZONA MUNICIPALS FUND INC. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAY-31-1998
[PERIOD-END] NOV-30-1997
[INVESTMENTS-AT-COST] 57,796,506
[INVESTMENTS-AT-VALUE] 60,988,679
[RECEIVABLES] 3,793,197
[ASSETS-OTHER] 76,596
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 64,858,472
[PAYABLE-FOR-SECURITIES] 2,979,058
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 350,084
[TOTAL-LIABILITIES] 3,329,142
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 58,371,342
[SHARES-COMMON-STOCK] 3,947,546
[SHARES-COMMON-PRIOR] 3,652,071
[ACCUMULATED-NII-CURRENT] 40,697
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 6,512
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,192,173
[NET-ASSETS] 61,529,330
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,720,859
[OTHER-INCOME] 0
[EXPENSES-NET] 325,675
[NET-INVESTMENT-INCOME] 1,395,184
[REALIZED-GAINS-CURRENT] 320,702
[APPREC-INCREASE-CURRENT] 1,199,856
[NET-CHANGE-FROM-OPS] 2,915,742
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,005,309
[DISTRIBUTIONS-OF-GAINS] 178,373
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 406,764
[NUMBER-OF-SHARES-REDEEMED] 167,322
[SHARES-REINVESTED] 56,033
[NET-CHANGE-IN-ASSETS] 3,516,947
[ACCUMULATED-NII-PRIOR] 46,255
[ACCUMULATED-GAINS-PRIOR] (46,058)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 147,800
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 325,675
[AVERAGE-NET-ASSETS] 39,006,223
[PER-SHARE-NAV-BEGIN] 10.21
[PER-SHARE-NII] 00.26
[PER-SHARE-GAIN-APPREC] 00.27
[PER-SHARE-DIVIDEND] 00.27
[PER-SHARE-DISTRIBUTIONS] 00.05
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.42
[EXPENSE-RATIO] 00.91
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000811706
[NAME] SMITH BARNEY ARIZONA MUNICIPALS FUND INC. CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAY-31-1998
[PERIOD-END] NOV-30-1997
[INVESTMENTS-AT-COST] 57,796,506
[INVESTMENTS-AT-VALUE] 60,988,679
[RECEIVABLES] 3,793,197
[ASSETS-OTHER] 76,596
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 64,858,472
[PAYABLE-FOR-SECURITIES] 2,979,058
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 350,084
[TOTAL-LIABILITIES] 3,329,142
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 58,371,342
[SHARES-COMMON-STOCK] 1,877,862
[SHARES-COMMON-PRIOR] 1,947,276
[ACCUMULATED-NII-CURRENT] 40,697
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 6,512
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,192,173
[NET-ASSETS] 61,529,330
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,720,859
[OTHER-INCOME] 0
[EXPENSES-NET] 325,675
[NET-INVESTMENT-INCOME] 1,395,184
[REALIZED-GAINS-CURRENT] 320,702
[APPREC-INCREASE-CURRENT] 1,199,856
[NET-CHANGE-FROM-OPS] 2,915,742
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 457,591
[DISTRIBUTIONS-OF-GAINS] 85,967
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 127,338
[NUMBER-OF-SHARES-REDEEMED] 222,588
[SHARES-REINVESTED] 25,836
[NET-CHANGE-IN-ASSETS] 3,516,947
[ACCUMULATED-NII-PRIOR] 46,255
[ACCUMULATED-GAINS-PRIOR] (46,058)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 147,800
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 325,675
[AVERAGE-NET-ASSETS] 19,801,280
[PER-SHARE-NAV-BEGIN] 10.21
[PER-SHARE-NII] 00.23
[PER-SHARE-GAIN-APPREC] 00.27
[PER-SHARE-DIVIDEND] 00.24
[PER-SHARE-DISTRIBUTIONS] 00.05
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.42
[EXPENSE-RATIO] 01.43
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000811706
[NAME] SMITH BARNEY ARIZONA MUNICIPALS FUND INC. CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] MAY-31-1998
[PERIOD-END] NOV-30-1997
[INVESTMENTS-AT-COST] 57,796,506
[INVESTMENTS-AT-VALUE] 60,988,679
[RECEIVABLES] 3,793,197
[ASSETS-OTHER] 76,596
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 64,858,472
[PAYABLE-FOR-SECURITIES] 2,979,058
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 350,084
[TOTAL-LIABILITIES] 3,329,142
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 58,371,342
[SHARES-COMMON-STOCK] 78,939
[SHARES-COMMON-PRIOR] 80,627
[ACCUMULATED-NII-CURRENT] 40,697
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 6,512
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,192,173
[NET-ASSETS] 61,529,330
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,720,859
[OTHER-INCOME] 0
[EXPENSES-NET] 325,675
[NET-INVESTMENT-INCOME] 1,395,184
[REALIZED-GAINS-CURRENT] 320,702
[APPREC-INCREASE-CURRENT] 1,199,856
[NET-CHANGE-FROM-OPS] 2,915,742
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 19,236
[DISTRIBUTIONS-OF-GAINS] 3,792
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,798
[NUMBER-OF-SHARES-REDEEMED] 6,192
[SHARES-REINVESTED] 1,706
[NET-CHANGE-IN-ASSETS] 3,516,947
[ACCUMULATED-NII-PRIOR] 46,255
[ACCUMULATED-GAINS-PRIOR] (46,058)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 147,800
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 325,675
[AVERAGE-NET-ASSETS] 843,687
[PER-SHARE-NAV-BEGIN] 10.21
[PER-SHARE-NII] 00.23
[PER-SHARE-GAIN-APPREC] 00.27
[PER-SHARE-DIVIDEND] 00.24
[PER-SHARE-DISTRIBUTIONS] 00.05
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.42
[EXPENSE-RATIO] 01.46
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
SMITH BARNEY ARIZONA MUNICIPALS FUND
10f-3 REPORT
September 1, 1997 through November 30, 1997
Trade Par Purchase
% of
Issuer Date Selling Dealer Amount
Price Issue
Puerto Rico Infrastructure 11/21/97 Morgan Stanley
$500,000 $95.77 3.38%
5.00% due 7/1/2028 J.P. Morgan
