SMITH BARNEY SHEARSON SHORT TERM WORLD INCOME FUND, 497, 1994-01-12

SMITH BARNEY SHEARSON SHORT TERM WORLD INCOME FUND
497, 1994-01-12

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SMITH BARNEY SHEARSON 
SHORT-TERM WORLD INCOME FUND 
(the "Fund")

SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 1, 1993


	The Fund's Board of Trustees has approved proposed changes to the Fund's 
investment objective and policies. Under the proposed changes the one-year 
weighted average maturity limitation on the Fund's portfolio would be 
eliminated and the maximum remaining maturity restriction as to any of the 
Fund's securities would be extended from three years to four years.  In 
addition, the Trustees proposed a modification to the Fund's investment policy 
that would eliminate the requirement that the Fund invest at least 25% of its 
total assets in U.S. dollar-denominated securities.

	The proposed changes are subject to the approval of the Fund's 
shareholders.  Proxy materials describing the proposed changes were mailed to 
the Fund's shareholders of record as of December 2, 1993 in anticipation of 
the Special Meeting of Shareholders scheduled to be held on February 1, 1994.

Dated:  January 3, 1994
FD0468 A4

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