SMITH BARNEY ADJUSTABLE RATE GOVERNMENT INCOME FUND
Supplement dated June14, 1995 to the Prospectus
Dividend Declaration
Beginning on July 1, 1995, Smith Barney Adjustable Rate Government Income
Fund (the "Fund") will declare dividends from its net investment income
daily. Dividends will be ordinarily paid by the Fund on the last Friday of
each month, to shareholders of record as of the preceding Tuesday.
Payment for and Redemption of Shares
In accordance with certain regulatory changes, payments for the Fund shares
due to Smith Barney or an Introducing Broker or an investment dealer in the
selling group on the third business day after the trade. In addition,
redemption proceeds will be remitted to shareholders no later than the third
business day after receipt of proper tender of a redemption request.
Prospectus dated July 30, 1994
