SMITH BARNEY ADJUSTABLE RATE GOVERNMENT INCOME FUND
Supplement dated May 2, 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 Purchase of
Shares.
Investors in Class A and Class B shares may open an account by making an
initial investment of at least $1000 for each account, or $250 for an IRA or
a Self-Employed Retirement Plan in the Fund. Investors in Class I shares may
open an account by making an initial investment of $100,000. Subsequent
investments of at least $50 may be made for all classes. For participants in
retirement plans qualified under Section 403(b)(7) or Section 401(a) of the
Code, the minimum initial investment requirement for Class A, Class B and
Class C shares and the subsequent investment requirement for all Classes in
the Fund is $25.
FD 01296 5/97
