CONCERT ALLOCATION SERIES
BALANCED PORTFOLIO
GLOBAL PORTFOLIO
GROWTH PORTFOLIO
HIGH GROWTH PORTFOLIO
CONCERT PEACHTREE GROWTH FUND
CONCERT SOCIAL AWARENESS FUND
SMITH BARNEY AGGRESSIVE GROWTH FUND
SMITH BARNEY APPRECIATION FUND
SMITH BARNEY FUNDAMENTAL VALUE FUND
SMITH BARNEY BALANCED FUND
SMITH BARNEY CONVERTIBLE FUND
SMITH BARNEY EMERGING MARKETS PORTFOLIO
SMITH BARNEY EUROPEAN PORTFOLIO
SMITH BARNEY FINANCIAL SERVICES FUND
SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND
SMITH BARNEY HANSBERGER GLOBAL VALUE FUND
SMITH BARNEY HEALTH SCIENCES FUND
SMITH BARNEY INTERNATIONAL EQUITY PORTFOLIO
SMITH BARNEY LARGE CAP BLEND FUND
SMITH BARNEY LARGE CAP VALUE FUND
SMITH BARNEY LARGE CAPITALIZATION GROWTH FUND
SMITH BARNEY MID CAP BLEND FUND
SMITH BARNEY NATURAL RESOURCES FUND
SMITH BARNEY PACIFIC PORTFOLIO
SMITH BARNEY PREMIER SELECTIONS LARGE CAP FUND
SMITH BARNEY PREMIUM TOTAL RETURN FUND
SMITH BARNEY SMALL CAP BLEND FUND
SMITH BARNEY SMALL CAP GROWTH FUND
SMITH BARNEY SMALL CAP VALUE FUND
SMITH BARNEY TECHNOLOGY FUND
SUPPLEMENT DATED MAY 15, 2000 TO PROSPECTUSES*
________________________
Effective June 5, 2000, the sales charge table and the section
entitled " Investments of $500,000 or more" under "Sales charge -
Class A shares" is revised as follows:
Sales Charge as a % of
Offering Net amount
Amount of purchase price (%) invested (%)
Less than $25,000 5.00 5.26
$25,000 but less than $50,000 4.25 4.44
$50,000 but less than $100,000 3.75 3.90
$100,000 but less than $250,000 3.25 3.36
$250,000 but less than $500,000 2.75 2.83
$500,000 but less than $1,000,000 2.00 2.04
$1,000,000 or more -0- -0-
Investments of $1,000,000 or more You do not pay an initial sales
charge when you buy $1,000,000 or more of Class A shares.
However, if you redeem these Class A shares within one year of
purchase, you will pay a deferred sales charge of 1%.
*Prospectuses dated:
SMITH BARNEY AGGRESSIVE GROWTH FUND INC. December 20, 1999
SMITH BARNEY APPRECIATION FUND INC. April 28, 2000
SMITH BARNEY CONCERT ALLOCATION SERIES INC. June 1, 1999
BALANCED PORTFOLIO
GLOBAL PORTFOLIO
GROWTH PORTFOLIO
HIGH GROWTH PORTFOLIO
SMITH BARNEY EQUITY FUNDS
CONCERT SOCIAL AWARENESS FUND May 31, 1999
SMITH BARNEY LARGE CAP BLEND FUND May 31, 1999
SMITH BARNEY FUNDAMENTAL VALUE FUND INC.
January 28, 2000
SMITH BARNEY FUNDS, INC.
LARGE CAP VALUE FUND April 28, 2000
SMITH BARNEY INCOME FUNDS
SMITH BARNEY BALANCED FUND November 28, 1999
SMITH BARNEY CONVERTIBLE FUND November 28, 1999
SMITH BARNEY PREMIUM TOTAL RETURN FUND April 28, 2000
SMITH BARNEY INVESTMENT FUNDS INC.
CONCERT PEACHTREE GROWTH FUND March 13, 2000
SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND August 30, 1999
SMITH BARNEY HANSBERGER GLOBAL VALUE FUND August 30, 1999
SMITH BARNEY PREMIER SELECTIONS LARGE CAP FUND July 16, 1999,
as amended
March 6, 2000
SMITH BARNEY SMALL CAP VALUE FUND January 28, 2000
SMITH BARNEY SMALL CAP GROWTH FUND October 11, 1999
SMITH BARNEY INVESTMENT TRUST
SMITH BARNEY LARGE CAPITALIZATION GROWTH FUND March 29, 2000
SMITH BARNEY MID CAP BLEND FUND March 29, 2000
SMITH BARNEY SECTOR SERIES INC. February 14, 2000
SMITH BARNEY FINANCIAL SERVICES FUND
SMITH BARNEY HEALTH SCIENCES FUND
SMITH BARNEY NATURAL RESOURCES FUND
SMITH BARNEY TECHNOLOGY FUND
SMITH BARNEY SMALL CAP BLEND FUND, INC. April 28, 2000
SMITH BARNEY WORLD FUNDS, INC.
EMERGING MARKETS PORTFOLIO February 28, 2000
EUROPEAN PORTFOLIO February 28, 2000
INTERNATIONAL EQUITY PORTFOLIO February 28, 2000
PACIFIC PORTFOLIO February 28, 2000
