SMITH BARNEY SHEARSON INCOME TRUST
24F-2NT, 1995-01-27
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549

Rule 24f-2 NOTICE

FOR

SMITH BARNEY INCOME TRUST                
(Name of Registrant)

	388 Greenwich Street, New York, New York 10013 
(Address of principal executive offices)

			            Beneficial Interest $.001 par value		
(Title of securities with respect to which Notice is filed)

File Nos. 33-43446 and 811-6444

The following information is required pursuant to Rule 24f-2(b) (1):

	(i)	Period for which Notice is filed:

			December 1, 1993 to November 30, 1994

	(ii)	Number or amount of securities of the same class or series 
which had been registered under the Securities Act of 1933, as amended, 
other than pursuant to Rule 24f-2 but which remained unsold at the 
beginning of such fiscal year:

	      (1)	Limited Maturity Municipals Fund			
	None
	      (2)	Intermediate Maturity New York Municipals Fund	
	None
	      (3)	Intermediate Maturity California Municipals Fund	
	None
	      (4)	Limited Maturity Treasury Fund			
	None 			
	(iii)	Number and amount of securities, if any, registered during such 
fiscal year other than pursuant to Rule 24f-2:

	      (1)	Limited Maturity Municipals Fund			
	None
	      (2)	Intermediate Maturity New York Municipals Fund	
	None
	      (3)	Intermediate Maturity California Municipals Fund	
	None
	      (4)	Limited Maturity Treasury Fund			
	None 							
	(iv)	Number and amount of securities sold during such fiscal year 
(excludes shares issued upon reinvestment of dividends):

	      (1)	Limited Maturity Municipals Fund
		3,189,253 shares
		$26,339,615
		
	      (2)	Intermediate Maturity New York Municipals Fund
		2,019,093 shares
		$17,035,076
		
	      (3)	Intermediate Maturity California Municipals Fund
		1,248,141 shares
		$10,413,548

	      (4)	Limited Maturity Treasury Fund
		7,915,664 shares
		$58,270,273

	(v).	Number and amount of securities sold during such fiscal year in 
reliance upon registration pursuant to Rule 24f-2 (excludes shares issued 
upon reinvestment of dividends):

	      (1)	Limited Maturity Municipals Fund
		3,189,253 shares
		$26,339,615
		
	      (2)	Intermediate Maturity New York Municipals Fund
		2,019,093 shares
		$17,035,076
		
	      (3)	Intermediate Maturity California Municipals Fund
		1,248,141 shares
		$10,413,548

	      (4)	Limited Maturity Treasury Fund
		7,915,664 shares
		$58,270,273


An opinion of counsel with respect to the legality of the above shares 
accompanies this Notice.

DATED:  January 27, 1995

						SMITH BARNEY INCOME TRUST                


						By: /s/ Christina Haage
						      Christina Haage
						      Assistant Treasurer                                                



	(1)  The actual aggregate sales price for which such securities were 
sold was $26,339,615.  During the fiscal year ended November 30, 1994 the 
actual aggregate redemption price of securities of the same class redeemed 
by the Registrant was $45,454,918.  No portion of such redemption price has 
been applied by the Registrant pursuant to Rule 24e-2(a) in a filing made 
pursuant to Section 24(e) (1) of the Investment Company Act of 1940, as 
amended.  Pursuant to Rule 24f-2(c), the registration fee with respect to 
the securities sold is calculated as follows:  $26,339,615 - $45,454,918 = 
($19,115,303) x $.00034483 = ($6,591.53).

	(2)  The actual aggregate sales price for which such securities were 
sold was $17,035,076.  During the fiscal year ended November 30, 1994 the 
actual aggregate redemption price of securities of the same class redeemed 
by the Registrant was $18,246,891.  No portion of such redemption price has 
been applied by the Registrant pursuant to Rule 24e-2(a) in a filing made 
pursuant to Section 24(e) (1) of the Investment Company Act of 1940, as 
amended.  Pursuant to Rule 24f-2(c), the registration fee with respect to 
the securities sold is calculated as follows:  $17,035,076 - $18,246,891 = 
($1,211,815) x $.00034483 = ($417.87).

	(3)  The actual aggregate sales price for which such securities were 
sold was $10,413,548.  During the fiscal year ended November 30, 1994 the 
actual aggregate redemption price of securities of the same class redeemed 
by the Registrant was $15,905,623.  No portion of such redemption price has 
been applied by the Registrant pursuant to Rule 24e-2(a) in a filing made 
pursuant to Section 24(e) (1) of the Investment Company Act of 1940, as 
amended.  Pursuant to Rule 24f-2(c), the registration fee with respect to 
the securities sold is calculated as follows:  $10,413,548 - $15,905,623 = 
($5,492,075) x $.00034483 = ($1,893.83).

	(4)  The actual aggregate sales price for which such securities were 
sold was $58,270,273.  During the fiscal year ended November 30, 1994 the 
actual aggregate redemption price of securities of the same class redeemed 
by the Registrant was $32,107,574.  No portion of such redemption price has 
been applied by the Registrant pursuant to Rule 24e-2(a) in a filing made 
pursuant to Section 24(e) (1) of the Investment Company Act of 1940, as 
amended.  Pursuant to Rule 24f-2(c), the registration fee with respect to 
the securities sold is calculated as follows:  $58,270,273 - $32,107,574 = 
26,162,699 x $.00034483 = $9,021.69.



funds/slit/24f-293c.doc











								January 27, 1995





Smith Barney Income Trust                
Two World Trade Center
New York, New York 10048

RE:	Rule 24f-2 Notice


Gentlemen:

	In connection with the filing by Smith Barney Income Trust, a 
Massachusetts business trust (the "Trust"), of a Notice (the "Notice") 
pursuant to Rule 24f-2 under the Investment Company Act of 1940, as amended 
(the "1940 Act"), for the Trust's fiscal year ended November 30, 1994 of 
various fund series of the Trust (collectively, the "Funds"), you have 
requested that the undersigned provide the legal opinion required by that 
Rule.

	In accordance with Rule 24f-2, the Trust has registered an indefinite 
number of shares of beneficial interest, $.001 par value, under the 
Securities Act of 1933, as amended (the "1933 Act").  The purpose of the 
Notice is to make definite the registration of the following shares of the 
Funds (set forth below) of the Trust (collectively, the "Shares")  sold in 
reliance upon the Rule during the fiscal year ended November 30, 1994.

Funds

Limited Maturity Municipals Fund				3,189,253 shares
Intermediate Maturity New York				2,019,093 shares
     Municipals Fund
Intermediate Maturity California				1,248,141 shares
     Municipals Fund
Limited Maturity Treasury Fund				7,915,664 shares




Smith Barney Income Trust               
January 27, 1995
Page Two

	The undersigned is Assistant Vice President and Counsel of The Boston 
Company Advisors, Inc., the Trust's sub-administrator, and in such 
capacity, from time to time and  for certain purposes, acts as counsel to 
the Trust.  I have examined copies of the Trust's Master Trust Agreement, 
its By-Laws, votes adopted by its Board of Trustees, and such other records 
and documents as I have deemed necessary for purposes of this opinion.  
Furthermore, I have examined a Certificate of the Assistant Treasurer of 
the Trust to the effect that the Trust received the cash consideration for 
each of the Shares in accordance with the aforementioned charter documents 
and votes.

	On the basis of the foregoing, and assuming all of the Shares were 
sold in accordance with the terms of the Trust's Prospectus in effect at 
the time of sale, I am of the opinion that the Shares have been duly 
authorized and validly issued and are fully paid and non-assessable.  This 
opinion is for the limited purposes expressed above and should not be 
deemed to be an expression of opinion as to compliance with the 1933 Act, 
the 1940 Act or applicable State "blue sky" laws in connection with the 
sales of the Shares.

	The Trust is an entity of the type commonly known as a "Massachusetts 
business trust."  Under Massachusetts law, shareholders could, under 
certain circumstances, be held personally liable for the obligations of the 
Trust.  However, the Trust's Master Trust Agreement provides that if a 
shareholder of any series of the Trust is charged or held personally liable 
solely by reason of being or having been a shareholder, the shareholder 
shall be entitled out of the assets of said series to be held harmless from 
and indemnified against all loss and expense arising from such  liability.  
Thus, the risk of shareholder liability is limited to circumstances in 
which that series itself would be unable to meet its obligations.		



						Very truly yours,


						/s/ Mark J. Duggan
						Mark J. Duggan				
						Assistant Vice President
						and Counsel







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