SMITH BARNEY ADJUSTABLE RATE GOVERNMENT INCOME FUND
497, 1997-03-03
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SMITH BARNEY ADJUSTABLE RATE GOVERNMENT INCOME FUND 

Supplement dated March 3, 1997
to the Prospectus dated September 30, 1996

The following information supplements, and to the extent inconsistent 
therewith, supersedes, the information in the Prospectus under:  

						

Class Y Shares.         	Effective immediately Class Y Shares are no 
longer available for purchase.

FD 01275         3/97

G:\FUNDS\ARMS\1997\SECDOCS\YSTICKER.DOC



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