SMITH BARNEY APPRECIATION FUND INC
NSAR-A, EX-27, 2000-08-29
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<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000089558
<NAME> Smith Barney Appreciation Fund Inc.

<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                               Dec-31-2000
<PERIOD-END>                                    Jun-30-2000
<INVESTMENTS-AT-COST>                         3,762,475,200
<INVESTMENTS-AT-VALUE>                        5,294,574,000
<RECEIVABLES>                                     6,418,800
<ASSETS-OTHER>                                  298,083,305
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                5,599,076,105
<PAYABLE-FOR-SECURITIES>                          9,097,027
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                       303,080,991
<TOTAL-LIABILITIES>                             312,178,018
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                      3,522,064,788
<SHARES-COMMON-STOCK>                            16,808,333
<SHARES-COMMON-PRIOR>                            17,038,424
<ACCUMULATED-NII-CURRENT>                        21,254,835
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                         211,479,664
<OVERDISTRIBUTION-GAINS>                                  0
<ACCUM-APPREC-OR-DEPREC>                      1,532,098,800
<NET-ASSETS>                                  5,286,898,087
<DIVIDEND-INCOME>                                28,094,743
<INTEREST-INCOME>                                23,001,308
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                   30,516,322
<NET-INVESTMENT-INCOME>                          20,579,729
<REALIZED-GAINS-CURRENT>                        217,218,683
<APPREC-INCREASE-CURRENT>                      (228,304,481)
<NET-CHANGE-FROM-OPS>                             9,493,931
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                                 0
<DISTRIBUTIONS-OF-GAINS>                          9,343,758
<DISTRIBUTIONS-OTHER>                                     0
<NUMBER-OF-SHARES-SOLD>                             663,761
<NUMBER-OF-SHARES-REDEEMED>                       1,508,978
<SHARES-REINVESTED>                                 615,126
<NET-CHANGE-IN-ASSETS>                         (322,098,266)
<ACCUMULATED-NII-PRIOR>                             675,106
<ACCUMULATED-GAINS-PRIOR>                       188,320,115
<OVERDISTRIB-NII-PRIOR>                                   0
<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                            14,961,574
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                  30,516,322
<AVERAGE-NET-ASSETS>                            255,959,330
<PER-SHARE-NAV-BEGIN>                                15.710
<PER-SHARE-NII>                                       0.100
<PER-SHARE-GAIN-APPREC>                               0.000
<PER-SHARE-DIVIDEND>                                  0.000
<PER-SHARE-DISTRIBUTIONS>                             0.580
<RETURNS-OF-CAPITAL>                                  0.000
<PER-SHARE-NAV-END>                                  15.220
<EXPENSE-RATIO>                                        0.58



</TABLE>


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