<PAGE> PAGE 1
000 A000000 05/31/95
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008 A00AA02 DELETE
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010 B00AA01 801-8314
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<PAGE> PAGE 2
011 B00AA01 8-12-8510
011 C01AA01 NEW YORK
011 C02AA01 NY
011 C03AA01 10105
012 A00AA01 THE SHAREHOLDER SERVICES GROUP, INC.
012 B00AA01 84-9999999
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012 C03AA01 02109
013 A00AA01 KPMG PEAT MARWICK
013 B01AA01 BOSTON
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013 B03AA01 02108
014 A00AA01 SMITH BARNEY INC.
014 B00AA01 8-12-8510
015 A00AA01 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B00AA01 C
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020 A000003 DONALDSON LUFKIN
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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070 D020100 N
070 E010100 N
070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
070 H010100 N
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
070 K010100 N
070 K020100 N
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070 L020100 Y
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<PAGE> PAGE 8
070 R010100 N
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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055 B000200 N
056 000200 Y
057 000200 N
058 A000200 N
059 000200 Y
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060 B000200 Y
061 000200 0
070 A010200 Y
070 A020200 Y
070 B010200 N
070 B020200 N
070 C010200 N
070 C020200 N
070 D010200 N
070 D020200 N
070 E010200 N
070 E020200 N
070 F010200 N
070 F020200 N
070 G010200 N
<PAGE> PAGE 11
070 G020200 N
070 H010200 N
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 N
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 Y
070 O010200 Y
070 O020200 Y
070 P010200 N
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 3656
071 B000200 17116
071 C000200 98112
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<PAGE> PAGE 12
072 Y000200 0
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<PAGE> PAGE 13
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<PAGE> PAGE 14
055 B000300 N
056 000300 Y
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060 A000300 Y
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070 D020300 N
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070 E020300 N
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070 F020300 N
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070 G020300 N
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070 H020300 N
070 I010300 N
070 I020300 N
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070 J020300 N
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070 K020300 N
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070 R020300 N
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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SIGNATURE CHRISTINA HAAGE
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>1
<NUMBER>
<NAME> SB PRINCIPLE RETURN FUND-1996
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1955
<PERIOD-END> NOV-30-1995
<INVESTMENTS-AT-COST> 60,182,285
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<NET-CHANGE-IN-ASSETS> (4,723,168)
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[NUMBER]
<NAME> SB PRINCIPLE RETURN FUND-1998
<S> <C>
<PERIOD-TYPE> 6-MOS
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[SENIOR-LONG-TERM-DEBT] 0
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[SENIOR-EQUITY] 0
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[SHARES-COMMON-PRIOR] 13,085,790
[ACCUMULATED-NII-CURRENT] 2,434,947
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[OVERDISTRIBUTION-GAINS] 0
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[NET-ASSETS] 100,798,473
[DIVIDEND-INCOME] 429,801
[INTEREST-INCOME] 2,395,873
[OTHER-INCOME] 0
[EXPENSES-NET] 517,583
[NET-INVESTMENT-INCOME] 2,308,091
[REALIZED-GAINS-CURRENT] 2,295,963
[APPREC-INCREASE-CURRENT] 7,262,382
[NET-CHANGE-FROM-OPS] 11,866,436
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 5,094,684
[DISTRIBUTIONS-OF-GAINS] 5,231,913
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 1,659,619
[SHARES-REINVESTED] 1,447,280
[NET-CHANGE-IN-ASSETS] (589,961)
[ACCUMULATED-NII-PRIOR] 5,221,540
[ACCUMULATED-GAINS-PRIOR] 5,561,099
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[GROSS-ADVISORY-FEES] 149,097
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[PER-SHARE-NII] 0.18
[PER-SHARE-GAIN-APPREC] 0.69
[PER-SHARE-DIVIDEND] 0.39
[PER-SHARE-DISTRIBUTIONS] 0.40
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 7.83
[EXPENSE-RATIO] 1.04
[AVG-DEBT-OUTSTANDING] 12,088
[AVG-DEBT-PER-SHARE] 0.00
<ARTICLE> 6
<SERIES>3
[NUMBER]
<NAME> SB PRINCIPLE RETURN FUND-2000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAY-31-1955
<PERIOD-END> NOV-30-1995
[INVESTMENTS-AT-COST] 60,900,459
[INVESTMENTS-AT-VALUE] 74,917,715
[RECEIVABLES] 82,277
[ASSETS-OTHER] 127,562
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 75,127,554
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 470,387
[TOTAL-LIABILITIES] 470,387
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 58,994,173
[SHARES-COMMON-STOCK] 8,576,060
[SHARES-COMMON-PRIOR] 9,169,036
[ACCUMULATED-NII-CURRENT] 1,000,659
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 645,079
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 14,017,256
[NET-ASSETS] 74,657,167
[DIVIDEND-INCOME] 13,490
[INTEREST-INCOME] 1,645,106
[OTHER-INCOME] 0
[EXPENSES-NET] 442,331
[NET-INVESTMENT-INCOME] 1,216,265
[REALIZED-GAINS-CURRENT] 2,103,994
[APPREC-INCREASE-CURRENT] 3,980,105
[NET-CHANGE-FROM-OPS] 7,300,364
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,464,055
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 890,492
[SHARES-REINVESTED] 297,516
[NET-CHANGE-IN-ASSETS] (93,946)
[ACCUMULATED-NII-PRIOR] 2,248,449
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (1,458,915)
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 147,332
[INTEREST-EXPENSE] 13,341
[GROSS-EXPENSE] 442,331
[AVERAGE-NET-ASSETS] 73,868,383
[PER-SHARE-NAV-BEGIN] 8.15
[PER-SHARE-NII] 0.14
[PER-SHARE-GAIN-APPREC] 0.69
[PER-SHARE-DIVIDEND] 0.27
[PER-SHARE-DISTRIBUTIONS] 0.00
[RETURNS-OF-CAPITAL] 0.00
[PER-SHARE-NAV-END] 8.71
[EXPENSE-RATIO] 1.16
[AVG-DEBT-OUTSTANDING] 415,385
[AVG-DEBT-PER-SHARE] 0.01
</TABLE>
