<PAGE> PAGE 1
000 A000000 08/31/96
000 C000000 895523
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SMITH BARNEY MANAGED HIGH INCOME FUND, INC
001 B000000 811-7396
001 C000000 2128166550
002 A000000 388 GREENWICH ST.
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10013
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007 C011000 10
012 A000001 FIRST DATA INVESTOR SERVICES GROUP
012 B000001 84-
012 C010001 BOSTON
012 C020001 MA
012 C030001 02109
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
015 A000001 PNC BANK
015 B000001 C
015 C010001 PHILADELPHIA
015 C020001 PA
015 C030001 19103
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 127
019 C000000 BARNEY0000
<PAGE> PAGE 2
020 A000001 PAINE WEBBER
020 B000001 13-2638166
020 C000001 102
020 A000002 DONALDSON, LUFKIN & JENRETTE
020 B000002 N/A
020 C000002 4
020 A000003 CS FIRST BOSTON
020 B000003 N/A
020 C000003 1
020 C000004 0
020 C000005 0
020 C000006 0
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020 C000008 0
020 C000009 0
020 C000010 0
021 000000 107
022 A000001 CHASE SECURITIES
022 B000001 13-3112953
022 C000001 700802
022 D000001 2536
022 A000002 DONALDSON, LUFKIN & JENRETTE
022 B000002 N/A
022 C000002 13230
022 D000002 12323
022 A000003 GRANCHESTER
022 B000003 N/A
022 C000003 5174
022 D000003 8146
022 A000004 SALOMON BROTHERS
022 B000004 13-3082694
022 C000004 8675
022 D000004 4604
022 A000005 LEHMAN BROTHERS
022 B000005 N/A
022 C000005 6962
022 D000005 4767
022 A000006 BANKERS TRUST
022 B000006 13-4941247
022 C000006 5475
022 D000006 4351
022 A000007 CITIBANK
022 B000007 13-5266470
022 C000007 8379
022 D000007 987
022 A000008 SCOTIA MCLEOD
022 B000008 N/A
022 C000008 4125
022 D000008 3973
022 A000009 MERRILL LYNCH
022 B000009 13-5674085
<PAGE> PAGE 3
022 C000009 5896
022 D000009 1874
022 A000010 MORGAN STANLEY
022 B000010 13-2655998
022 C000010 4827
022 D000010 1581
023 C000000 873666
023 D000000 892101
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<PAGE> PAGE 4
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<PAGE> PAGE 5
058 A000000 N
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<PAGE> PAGE 6
070 J010000 Y
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070 M010000 Y
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<PAGE> PAGE 7
072CC020000 1654
072DD010000 1491
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073 A010000 0.5600
073 A020000 0.0000
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074 T000000 463090
074 U010000 42078
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074 V020000 0.00
074 W000000 11.0000
074 X000000 0
074 Y000000 6056
075 A000000 0
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077 A000000 N
078 000000 N
080 A000000 ICI MUTUAL MUTUAL INSURANCE COMPANY
080 C000000 78275
081 A000000 Y
081 B000000 127
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<PAGE> PAGE 8
084 A000000 N
084 B000000 0
085 A000000 N
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SIGNATURE THOMAS REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000895523
[NAME] MANAGED HIGH INCOME PORTFOLIO INC.
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] FEB-29-1996
[PERIOD-END] AUG-31-1996
[INVESTMENTS-AT-COST] 454,436,774
[INVESTMENTS-AT-VALUE] 452,782,796
[RECEIVABLES] 13,118,261
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 465,901,057
[PAYABLE-FOR-SECURITIES] 466,444
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,344,814
[TOTAL-LIABILITIES] 2,811,258
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 503,200,818
[SHARES-COMMON-STOCK] 42,078,306
[SHARES-COMMON-PRIOR] 41,981,589
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 1,004,468
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 37,452,530
[ACCUM-APPREC-OR-DEPREC] (1,654,021)
[NET-ASSETS] 463,089,799
[DIVIDEND-INCOME] 1,491,126
[INTEREST-INCOME] 24,757,866
[OTHER-INCOME] 0
[EXPENSES-NET] 2,902,166
[NET-INVESTMENT-INCOME] 23,346,826
[REALIZED-GAINS-CURRENT] (1,119,139)
[APPREC-INCREASE-CURRENT] (13,843,402)
[NET-CHANGE-FROM-OPS] 8,384,285
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 23,182,639
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 96,717
[NET-CHANGE-IN-ASSETS] (13,734,466)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] (1,379,815)
[OVERDIST-NET-GAINS-PRIOR] (36,122,231)
[GROSS-ADVISORY-FEES] 2,116,164
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,902,826
[AVERAGE-NET-ASSETS] 467,628,269
[PER-SHARE-NAV-BEGIN] 11.36
[PER-SHARE-NII] 00.57
[PER-SHARE-GAIN-APPREC] (00.36)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 00.56
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.01
[EXPENSE-RATIO] 01.23
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
