Independent Auditors' Consent
To the Shareholders and Trustees of
Smith Barney Adjustable Rate Government Income Fund:
We consent to the incorporation by reference, in this Prospectus
and Statement of Additional Information, of our report dated July
13, 2000, on the statement of assets and liabilities of the Smith
Barney Adjustable Rate Government Income Fund (the Fund) as of May
31, 2000 and the related statement of operations for the year then
ended, the statements of changes in net assets for each of the
years in the two-year period then ended and the financial
highlights for each of the years in the five-year period then
ended. These financial statements and financial highlights and our
report thereon are included in the Annual Report of the Fund as
filed on Form N-30D. We also consent to the references to our firm
under the headings "Financial Highlights" in the Prospectus and
"Auditors" in the Statement of Additional Information.
KPMG LLP
New York, New York
September 28, 2000
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