SMITH BARNEY SHEARSON NEW JERSEY MUNICIPALS FUND INC
497, 1995-07-26
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        SMITH BARNEY NEW JERSEY MUNICIPALS FUND INC.
         Supplement to Prospectus dated May 29, 1995
     On July 19, 1995, the Board of Directors of  Smith
Barney New Jersey Municipals Fund Inc. (the "Fund") approved
a reduction in the investment advisory fee paid by the Fund
to Smith Barney Mutual Funds Management Inc.  Accordingly,
effective November 17, 1995, the Fund's investment advisory
fee will be decreased from 0.35% to 0.30% of the average
daily net assets of the Fund.
Supplement dated July 20, 1995









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