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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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