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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND, INC - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 2,428,193,145
[INVESTMENTS-AT-VALUE] 3,253,138,139
[RECEIVABLES] 21,952,362
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,275,090,501
[PAYABLE-FOR-SECURITIES] 24,785,393
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,254,504
[TOTAL-LIABILITIES] 28,039,897
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,155,903,676
[SHARES-COMMON-STOCK] 155,627,829
[SHARES-COMMON-PRIOR] 162,380,390
[ACCUMULATED-NII-CURRENT] 20,435,563
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 245,513,454
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 824,944,994
[NET-ASSETS] 3,247,050,604
[DIVIDEND-INCOME] 29,175,066
[INTEREST-INCOME] 10,681,029
[OTHER-INCOME] 0
[EXPENSES-NET] 19,887,821
[NET-INVESTMENT-INCOME] 19,968,274
[REALIZED-GAINS-CURRENT] 151,739,439
[APPREC-INCREASE-CURRENT] 70,733,879
[NET-CHANGE-FROM-OPS] 242,441,592
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,230,627
[NUMBER-OF-SHARES-REDEEMED] 11,983,188
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 180,398,837
[ACCUMULATED-NII-PRIOR] 467,289
[ACCUMULATED-GAINS-PRIOR] 93,774,015
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 9,597,137
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,887,821
[AVERAGE-NET-ASSETS] 1,997,417,864
[PER-SHARE-NAV-BEGIN] 11.90
[PER-SHARE-NII] 0.09
[PER-SHARE-GAIN-APPREC] 0.87
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.86
[EXPENSE-RATIO] 1.03
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND, INC - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 2,428,193,145
[INVESTMENTS-AT-VALUE] 3,253,138,139
[RECEIVABLES] 21,952,362
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,275,090,501
[PAYABLE-FOR-SECURITIES] 24,785,393
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,254,504
[TOTAL-LIABILITIES] 28,039,897
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,155,903,676
[SHARES-COMMON-STOCK] 82,049,820
[SHARES-COMMON-PRIOR] 83,198,378
[ACCUMULATED-NII-CURRENT] 20,435,563
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 245,513,454
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 824,944,994
[NET-ASSETS] 3,247,050,604
[DIVIDEND-INCOME] 29,175,066
[INTEREST-INCOME] 10,681,029
[OTHER-INCOME] 0
[EXPENSES-NET] 19,887,821
[NET-INVESTMENT-INCOME] 19,968,274
[REALIZED-GAINS-CURRENT] 151,739,439
[APPREC-INCREASE-CURRENT] 70,733,879
[NET-CHANGE-FROM-OPS] 242,441,592
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,660,237
[NUMBER-OF-SHARES-REDEEMED] 8,808,795
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 180,398,837
[ACCUMULATED-NII-PRIOR] 467,289
[ACCUMULATED-GAINS-PRIOR] 93,774,015
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 9,597,137
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,887,821
[AVERAGE-NET-ASSETS] 1,033,265,205
[PER-SHARE-NAV-BEGIN] 11.88
[PER-SHARE-NII] 0.05
[PER-SHARE-GAIN-APPREC] 0.86
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.79
[EXPENSE-RATIO] 1.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND, INC - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 2,428,193,145
[INVESTMENTS-AT-VALUE] 3,253,138,139
[RECEIVABLES] 21,952,362
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,275,090,501
[PAYABLE-FOR-SECURITIES] 24,785,393
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,254,504
[TOTAL-LIABILITIES] 28,039,897
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,155,903,676
[SHARES-COMMON-STOCK] 1,106,607
[SHARES-COMMON-PRIOR] 1,233,676
[ACCUMULATED-NII-CURRENT] 20,435,563
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 245,513,454
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 824,944,994
[NET-ASSETS] 3,247,050,604
[DIVIDEND-INCOME] 29,175,066
[INTEREST-INCOME] 10,681,029
[OTHER-INCOME] 0
[EXPENSES-NET] 19,887,821
[NET-INVESTMENT-INCOME] 19,968,274
[REALIZED-GAINS-CURRENT] 151,739,439
[APPREC-INCREASE-CURRENT] 70,733,879
[NET-CHANGE-FROM-OPS] 242,441,592
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 524,199
[NUMBER-OF-SHARES-REDEEMED] 151,268
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 180,398,837
[ACCUMULATED-NII-PRIOR] 467,289
[ACCUMULATED-GAINS-PRIOR] 93,774,015
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 9,597,137
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,887,821
[AVERAGE-NET-ASSETS] 18,234,835
[PER-SHARE-NAV-BEGIN] 11.88
[PER-SHARE-NII] 0.06
[PER-SHARE-GAIN-APPREC] 0.85
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.79
[EXPENSE-RATIO] 1.69
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND, INC - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 2,428,193,145
[INVESTMENTS-AT-VALUE] 3,253,138,139
[RECEIVABLES] 21,952,362
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,275,090,501
[PAYABLE-FOR-SECURITIES] 24,785,393
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,254,504
[TOTAL-LIABILITIES] 28,039,897
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,155,903,676
[SHARES-COMMON-STOCK] 2,541,640
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 20,435,563
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 245,513,454
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 824,944,994
[NET-ASSETS] 3,247,050,604
[DIVIDEND-INCOME] 29,175,066
[INTEREST-INCOME] 10,681,029
[OTHER-INCOME] 0
[EXPENSES-NET] 19,887,821
[NET-INVESTMENT-INCOME] 19,968,274
[REALIZED-GAINS-CURRENT] 151,739,439
[APPREC-INCREASE-CURRENT] 70,733,879
[NET-CHANGE-FROM-OPS] 242,441,592
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,541,640
[NUMBER-OF-SHARES-REDEEMED] 0
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 180,398,837
[ACCUMULATED-NII-PRIOR] 467,289
[ACCUMULATED-GAINS-PRIOR] 93,774,015
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 9,597,137
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,887,821
[AVERAGE-NET-ASSETS] 13,781,120
[PER-SHARE-NAV-BEGIN] 12.10
[PER-SHARE-NII] 0.11
[PER-SHARE-GAIN-APPREC] 0.67
[PER-SHARE-DIVIDEND] 0
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[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.79
[EXPENSE-RATIO] 0.74
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND, INC - CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] 6-MOS
[FISCAL-YEAR-END] DEC-31-1996
[PERIOD-END] JUN-30-1996
[INVESTMENTS-AT-COST] 2,428,193,145
[INVESTMENTS-AT-VALUE] 3,253,138,139
[RECEIVABLES] 21,952,362
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,275,090,501
[PAYABLE-FOR-SECURITIES] 24,785,393
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3,254,504
[TOTAL-LIABILITIES] 28,039,897
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,155,903,676
[SHARES-COMMON-STOCK] 11,091,264
[SHARES-COMMON-PRIOR] 11,029,303
[ACCUMULATED-NII-CURRENT] 20,435,563
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 245,513,454
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 824,944,994
[NET-ASSETS] 3,247,050,604
[DIVIDEND-INCOME] 29,175,066
[INTEREST-INCOME] 10,681,029
[OTHER-INCOME] 0
[EXPENSES-NET] 19,887,821
[NET-INVESTMENT-INCOME] 19,968,274
[REALIZED-GAINS-CURRENT] 151,739,439
[APPREC-INCREASE-CURRENT] 70,733,879
[NET-CHANGE-FROM-OPS] 242,441,592
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 770,179
[NUMBER-OF-SHARES-REDEEMED] 708,218
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 180,398,837
[ACCUMULATED-NII-PRIOR] 467,289
[ACCUMULATED-GAINS-PRIOR] 93,774,015
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 9,597,137
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 19,887,821
[AVERAGE-NET-ASSETS] 141,146,740
[PER-SHARE-NAV-BEGIN] 11.91
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[EXPENSE-RATIO] 0.68
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</TABLE>
