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<PAGE> PAGE 6
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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] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 2,312,285,223
[INVESTMENTS-AT-VALUE] 3,066,496,338
[RECEIVABLES] 10,171,668
[ASSETS-OTHER] 360
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,076,668,366
[PAYABLE-FOR-SECURITIES] 4,134,963
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,881,636
[TOTAL-LIABILITIES] 10,016,599
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,217,941,506
[SHARES-COMMON-STOCK] 162,380,390
[SHARES-COMMON-PRIOR] 166,368,611
[ACCUMULATED-NII-CURRENT] 467,289
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 93,774,015
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 754,211,115
[NET-ASSETS] 3,066,651,767
[DIVIDEND-INCOME] 56,466,887
[INTEREST-INCOME] 20,385,339
[OTHER-INCOME] 0
[EXPENSES-NET] 35,089,499
[NET-INVESTMENT-INCOME] 41,762,727
[REALIZED-GAINS-CURRENT] 276,898,722
[APPREC-INCREASE-CURRENT] 388,853,268
[NET-CHANGE-FROM-OPS] 707,514,717
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 31,928,802
[DISTRIBUTIONS-OF-GAINS] 148,609,934
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,620,507
[NUMBER-OF-SHARES-REDEEMED] 26,276,992
[SHARES-REINVESTED] 14,668,264
[NET-CHANGE-IN-ASSETS] 509,811,960
[ACCUMULATED-NII-PRIOR] 1,640,913
[ACCUMULATED-GAINS-PRIOR] 53,090,046
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 12,764,132
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 35,089,499
[AVERAGE-NET-ASSETS] 1,811,254,257
[PER-SHARE-NAV-BEGIN] 10.15
[PER-SHARE-NII] 0.20
[PER-SHARE-GAIN-APPREC] 1.00
[PER-SHARE-DIVIDEND] 0.20
[PER-SHARE-DISTRIBUTIONS] 1.20
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.90
[EXPENSE-RATIO] 1.02
[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] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 2,312,285,223
[INVESTMENTS-AT-VALUE] 3,066,496,338
[RECEIVABLES] 10,171,668
[ASSETS-OTHER] 360
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,076,668,366
[PAYABLE-FOR-SECURITIES] 4,134,963
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,881,636
[TOTAL-LIABILITIES] 10,016,599
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,217,941,506
[SHARES-COMMON-STOCK] 83,198,578
[SHARES-COMMON-PRIOR] 75,052,109
[ACCUMULATED-NII-CURRENT] 467,289
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 93,774,015
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 754,211,115
[NET-ASSETS] 3,066,651,767
[DIVIDEND-INCOME] 56,466,887
[INTEREST-INCOME] 20,385,339
[OTHER-INCOME] 0
[EXPENSES-NET] 35,089,499
[NET-INVESTMENT-INCOME] 41,762,727
[REALIZED-GAINS-CURRENT] 276,898,722
[APPREC-INCREASE-CURRENT] 388,853,268
[NET-CHANGE-FROM-OPS] 707,514,717
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 9,069,362
[DISTRIBUTIONS-OF-GAINS] 75,634,724
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 14,923,988
[NUMBER-OF-SHARES-REDEEMED] 13,719,120
[SHARES-REINVESTED] 6,941,401
[NET-CHANGE-IN-ASSETS] 509,811,960
[ACCUMULATED-NII-PRIOR] 1,640,913
[ACCUMULATED-GAINS-PRIOR] 53,090,046
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 12,764,132
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 35,089,499
[AVERAGE-NET-ASSETS] 873,121,230
[PER-SHARE-NAV-BEGIN] 10.14
[PER-SHARE-NII] 0.11
[PER-SHARE-GAIN-APPREC] 1.00
[PER-SHARE-DIVIDEND] 0.11
[PER-SHARE-DISTRIBUTIONS] 1.11
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.88
[EXPENSE-RATIO] 1.77
[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] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 2,312,285,223
[INVESTMENTS-AT-VALUE] 3,066,496,338
[RECEIVABLES] 10,171,668
[ASSETS-OTHER] 360
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,076,668,366
[PAYABLE-FOR-SECURITIES] 4,134,963
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,881,636
[TOTAL-LIABILITIES] 10,016,599
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,217,941,506
[SHARES-COMMON-STOCK] 1,233,676
[SHARES-COMMON-PRIOR] 496,923
[ACCUMULATED-NII-CURRENT] 467,289
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 93,774,015
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 754,211,115
[NET-ASSETS] 3,066,651,767
[DIVIDEND-INCOME] 56,466,887
[INTEREST-INCOME] 20,385,339
[OTHER-INCOME] 0
[EXPENSES-NET] 35,089,499
[NET-INVESTMENT-INCOME] 41,762,727
[REALIZED-GAINS-CURRENT] 276,898,722
[APPREC-INCREASE-CURRENT] 388,853,268
[NET-CHANGE-FROM-OPS] 707,514,717
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 134,193
[DISTRIBUTIONS-OF-GAINS] 991,606
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,074,749
[NUMBER-OF-SHARES-REDEEMED] 432,791
[SHARES-REINVESTED] 94,795
[NET-CHANGE-IN-ASSETS] 509,811,960
[ACCUMULATED-NII-PRIOR] 1,640,913
[ACCUMULATED-GAINS-PRIOR] 53,090,046
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 12,764,132
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 35,089,499
[AVERAGE-NET-ASSETS] 8,804,141
[PER-SHARE-NAV-BEGIN] 10.14
[PER-SHARE-NII] 0.11
[PER-SHARE-GAIN-APPREC] 1.00
[PER-SHARE-DIVIDEND] 0.11
[PER-SHARE-DISTRIBUTIONS] 1.11
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.88
[EXPENSE-RATIO] 1.77
[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] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 2,312,285,223
[INVESTMENTS-AT-VALUE] 3,066,496,338
[RECEIVABLES] 10,171,668
[ASSETS-OTHER] 360
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,076,668,366
[PAYABLE-FOR-SECURITIES] 4,134,963
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,881,636
[TOTAL-LIABILITIES] 10,016,599
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,217,941,506
[SHARES-COMMON-STOCK] 0
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 467,289
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 93,774,015
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 754,211,115
[NET-ASSETS] 3,066,651,767
[DIVIDEND-INCOME] 56,466,887
[INTEREST-INCOME] 20,385,339
[OTHER-INCOME] 0
[EXPENSES-NET] 35,089,499
[NET-INVESTMENT-INCOME] 41,762,727
[REALIZED-GAINS-CURRENT] 276,898,722
[APPREC-INCREASE-CURRENT] 388,853,268
[NET-CHANGE-FROM-OPS] 707,514,717
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 161,210
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 973,805
[NUMBER-OF-SHARES-REDEEMED] 987,386
[SHARES-REINVESTED] 13,581
[NET-CHANGE-IN-ASSETS] 509,811,960
[ACCUMULATED-NII-PRIOR] 1,640,913
[ACCUMULATED-GAINS-PRIOR] 53,090,046
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 12,764,132
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 35,089,499
[AVERAGE-NET-ASSETS] 666,458
[PER-SHARE-NAV-BEGIN] 10.15
[PER-SHARE-NII] 0
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 0
[EXPENSE-RATIO] 0
[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] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 2,312,285,223
[INVESTMENTS-AT-VALUE] 3,066,496,338
[RECEIVABLES] 10,171,668
[ASSETS-OTHER] 360
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 3,076,668,366
[PAYABLE-FOR-SECURITIES] 4,134,963
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 5,881,636
[TOTAL-LIABILITIES] 10,016,599
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 2,217,941,506
[SHARES-COMMON-STOCK] 11,029,303
[SHARES-COMMON-PRIOR] 9,998,137
[ACCUMULATED-NII-CURRENT] 467,289
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 93,774,015
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 754,211,115
[NET-ASSETS] 3,066,651,767
[DIVIDEND-INCOME] 56,466,887
[INTEREST-INCOME] 20,385,339
[OTHER-INCOME] 0
[EXPENSES-NET] 35,089,499
[NET-INVESTMENT-INCOME] 41,762,727
[REALIZED-GAINS-CURRENT] 276,898,722
[APPREC-INCREASE-CURRENT] 388,853,268
[NET-CHANGE-FROM-OPS] 707,514,717
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 13,161,558
[NUMBER-OF-SHARES-REDEEMED] 1,345,826
[SHARES-REINVESTED] 1,060,434
[NET-CHANGE-IN-ASSETS] 509,811,960
[ACCUMULATED-NII-PRIOR] 1,640,913
[ACCUMULATED-GAINS-PRIOR] 53,090,046
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 12,764,132
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 35,089,499
[AVERAGE-NET-ASSETS] 121,568,862
[PER-SHARE-NAV-BEGIN] 10.16
[PER-SHARE-NII] 0.23
[PER-SHARE-GAIN-APPREC] 1.00
[PER-SHARE-DIVIDEND] 0.23
[PER-SHARE-DISTRIBUTIONS] 1.23
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 11.91
[EXPENSE-RATIO] 0.77
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
