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<PAGE> PAGE 2
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SIGNATURE PAUL BROOK
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 3,191,964,250
[INVESTMENTS-AT-VALUE] 4,862,524,953
[RECEIVABLES] 73,010,341
[ASSETS-OTHER] 850,440,640
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 5,785,975,934
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 860,011,171
[TOTAL-LIABILITIES] 860,011,171
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,113,931,586
[SHARES-COMMON-STOCK] 193,252,744
[SHARES-COMMON-PRIOR] 181,451,832
[ACCUMULATED-NII-CURRENT] (9,654)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 141,482,128
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,670,560,703
[NET-ASSETS] 0
[DIVIDEND-INCOME] 55,700,662
[INTEREST-INCOME] 42,526,170
[OTHER-INCOME] 0
[EXPENSES-NET] 53,612,746
[NET-INVESTMENT-INCOME] 44,614,086
[REALIZED-GAINS-CURRENT] 437,867,108
[APPREC-INCREASE-CURRENT] 354,145,227
[NET-CHANGE-FROM-OPS] 836,626,421
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 34,728,302
[DISTRIBUTIONS-OF-GAINS] 223,131,512
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31,944,426
[NUMBER-OF-SHARES-REDEEMED] 36,385,814
[SHARES-REINVESTED] 16,242,300
[NET-CHANGE-IN-ASSETS] 691,186,023
[ACCUMULATED-NII-PRIOR] 1,962,348
[ACCUMULATED-GAINS-PRIOR] 73,965,098
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 25,853,265
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,612,746
[AVERAGE-NET-ASSETS] 4,498,586,616
[PER-SHARE-NAV-BEGIN] 13.92
[PER-SHARE-NII] 00.18
[PER-SHARE-GAIN-APPREC] 02.62
[PER-SHARE-DIVIDEND] (0.18)
[PER-SHARE-DISTRIBUTIONS] (1.23)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.31
[EXPENSE-RATIO] 00.95
[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-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 3,191,964,250
[INVESTMENTS-AT-VALUE] 4,862,524,953
[RECEIVABLES] 73,010,341
[ASSETS-OTHER] 850,440,640
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 5,785,975,934
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 860,011,171
[TOTAL-LIABILITIES] 860,011,171
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,113,931,586
[SHARES-COMMON-STOCK] 101,776,160
[SHARES-COMMON-PRIOR] 101,607,793
[ACCUMULATED-NII-CURRENT] (9,654)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 141,482,128
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,670,560,703
[NET-ASSETS] 0
[DIVIDEND-INCOME] 55,700,662
[INTEREST-INCOME] 42,526,170
[OTHER-INCOME] 0
[EXPENSES-NET] 53,612,746
[NET-INVESTMENT-INCOME] 44,614,086
[REALIZED-GAINS-CURRENT] 437,867,108
[APPREC-INCREASE-CURRENT] 354,145,227
[NET-CHANGE-FROM-OPS] 836,626,421
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 5,748,574
[DISTRIBUTIONS-OF-GAINS] 117,152,016
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 14,958,279
[NUMBER-OF-SHARES-REDEEMED] 22,640,705
[SHARES-REINVESTED] 7,850,793
[NET-CHANGE-IN-ASSETS] 691,186,023
[ACCUMULATED-NII-PRIOR] 1,962,348
[ACCUMULATED-GAINS-PRIOR] 73,965,098
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 25,853,265
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,612,746
[AVERAGE-NET-ASSETS] 4,498,586,616
[PER-SHARE-NAV-BEGIN] 13.88
[PER-SHARE-NII] 00.06
[PER-SHARE-GAIN-APPREC] 02.61
[PER-SHARE-DIVIDEND] (0.06)
[PER-SHARE-DISTRIBUTIONS] (1.23)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.26
[EXPENSE-RATIO] 01.73
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. CLASS L
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 3,191,964,250
[INVESTMENTS-AT-VALUE] 4,862,524,953
[RECEIVABLES] 73,010,341
[ASSETS-OTHER] 850,440,640
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 5,785,975,934
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 860,011,171
[TOTAL-LIABILITIES] 860,011,171
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,113,931,586
[SHARES-COMMON-STOCK] 5,453,903
[SHARES-COMMON-PRIOR] 3,449,192
[ACCUMULATED-NII-CURRENT] (9,654)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 141,482,128
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,670,560,703
[NET-ASSETS] 0
[DIVIDEND-INCOME] 55,700,662
[INTEREST-INCOME] 42,526,170
[OTHER-INCOME] 0
[EXPENSES-NET] 53,612,746
[NET-INVESTMENT-INCOME] 44,614,086
[REALIZED-GAINS-CURRENT] 437,867,108
[APPREC-INCREASE-CURRENT] 354,145,227
[NET-CHANGE-FROM-OPS] 836,626,421
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 307,063
[DISTRIBUTIONS-OF-GAINS] 5,747,858
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,887,128
[NUMBER-OF-SHARES-REDEEMED] 1,276,184
[SHARES-REINVESTED] 393,767
[NET-CHANGE-IN-ASSETS] 691,186,023
[ACCUMULATED-NII-PRIOR] 1,962,348
[ACCUMULATED-GAINS-PRIOR] 73,965,098
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 25,853,265
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,612,746
[AVERAGE-NET-ASSETS] 4,498,586,616
[PER-SHARE-NAV-BEGIN] 13.88
[PER-SHARE-NII] 00.06
[PER-SHARE-GAIN-APPREC] 02.61
[PER-SHARE-DIVIDEND] (0.06)
[PER-SHARE-DISTRIBUTIONS] (1.23)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.26
[EXPENSE-RATIO] 01.73
[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-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 3,191,964,250
[INVESTMENTS-AT-VALUE] 4,862,524,953
[RECEIVABLES] 73,010,341
[ASSETS-OTHER] 850,440,640
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 5,785,975,934
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 860,011,171
[TOTAL-LIABILITIES] 860,011,171
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,113,931,586
[SHARES-COMMON-STOCK] 5,698,007
[SHARES-COMMON-PRIOR] 4,040,851
[ACCUMULATED-NII-CURRENT] (9,654)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 141,482,128
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,670,560,703
[NET-ASSETS] 0
[DIVIDEND-INCOME] 55,700,662
[INTEREST-INCOME] 42,526,170
[OTHER-INCOME] 0
[EXPENSES-NET] 53,612,746
[NET-INVESTMENT-INCOME] 44,614,086
[REALIZED-GAINS-CURRENT] 437,867,108
[APPREC-INCREASE-CURRENT] 354,145,227
[NET-CHANGE-FROM-OPS] 836,626,421
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,565,730
[DISTRIBUTIONS-OF-GAINS] 7,644,793
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,956,701
[NUMBER-OF-SHARES-REDEEMED] 1,299,545
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 691,186,023
[ACCUMULATED-NII-PRIOR] 1,962,348
[ACCUMULATED-GAINS-PRIOR] 73,965,098
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 25,853,265
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,612,746
[AVERAGE-NET-ASSETS] 4,498,586,616
[PER-SHARE-NAV-BEGIN] 13.93
[PER-SHARE-NII] 00.24
[PER-SHARE-GAIN-APPREC] 02.63
[PER-SHARE-DIVIDEND] (0.29)
[PER-SHARE-DISTRIBUTIONS] (1.23)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.28
[EXPENSE-RATIO] 00.59
[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-31-1998
[PERIOD-END] DEC-31-1998
[INVESTMENTS-AT-COST] 3,191,964,250
[INVESTMENTS-AT-VALUE] 4,862,524,953
[RECEIVABLES] 73,010,341
[ASSETS-OTHER] 850,440,640
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 5,785,975,934
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 860,011,171
[TOTAL-LIABILITIES] 860,011,171
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 3,113,931,586
[SHARES-COMMON-STOCK] 15,931,792
[SHARES-COMMON-PRIOR] 13,917,395
[ACCUMULATED-NII-CURRENT] (9,654)
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 141,482,128
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,670,560,703
[NET-ASSETS] 0
[DIVIDEND-INCOME] 55,700,662
[INTEREST-INCOME] 42,526,170
[OTHER-INCOME] 0
[EXPENSES-NET] 53,612,746
[NET-INVESTMENT-INCOME] 44,614,086
[REALIZED-GAINS-CURRENT] 437,867,108
[APPREC-INCREASE-CURRENT] 354,145,227
[NET-CHANGE-FROM-OPS] 836,626,421
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 4,120,276
[DISTRIBUTIONS-OF-GAINS] 16,790,042
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 2,085,157
[NUMBER-OF-SHARES-REDEEMED] 1,447,123
[SHARES-REINVESTED] 1,376,363
[NET-CHANGE-IN-ASSETS] 691,186,023
[ACCUMULATED-NII-PRIOR] 1,962,348
[ACCUMULATED-GAINS-PRIOR] 73,965,098
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 25,853,265
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 53,612,746
[AVERAGE-NET-ASSETS] 4,498,586,616
[PER-SHARE-NAV-BEGIN] 13.94
[PER-SHARE-NII] 00.24
[PER-SHARE-GAIN-APPREC] 02.63
[PER-SHARE-DIVIDEND] (0.29)
[PER-SHARE-DISTRIBUTIONS] (1.23)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 15.29
[EXPENSE-RATIO] 00.59
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
