April 5, 1995
VIA EDGAR
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washingotn, D.C. 20549
ATTN: Office of Filings, Information and Consumer Services
RE: Smith Barney Principal Return Fund (the "Fund")
Zeros and Appreciation Series 1996
Zeros and Appreciation Series 1998
Zeros Plus Emerging Growth Series 2000
File Nos. 33-25087 and 811-3019
Gentlemen:
Pursuant to Rule 497(j) under the Securites Act of 1933, as amended,
please accept this letter as certification that the prospectus and
statement of additional information for the above-referenced Fund does not
differ from that contained in Post-Effective Amendment No. 17 (the
"Amendment") to the Fund's Registration Statement on From N-1A. The
Amendment was filed electronically on March 29, 1995.
Any comments on this filing should be directed to James B. O'Connell,
Senior Legal Product Manager, at (617) 722-3931.
Please return an electronic transmittal as evidence of your receipt
of this filing.
Very truly yours,
/s/ Robert Vegliante
Robert Vegliante
Assistant Secretary
prtn\497j.doc