<PAGE> 1
Rule 424(b)(2)
Registration Nos. 333-17831 and 333-30175
PRICING SUPPLEMENT NO. 1 DATED SEPTEMBER 5, 1997
SMITH BARNEY HOLDINGS INC.
MEDIUM-TERM NOTES, THIRD SERIES,
DUE NINE MONTHS OR MORE FROM DATE OF ISSUE
This Pricing Supplement accompanies and supplements the Prospectus, dated July
17, 1997, as supplemented by the Prospectus Supplement, dated July 24, 1997 (the
"Prospectus Supplement").
The Notes have the following terms (as applicable):
<TABLE>
<S> <C> <C> <C> <C> <C>
Rate: [ ] Fixed Rate ([ ] Amortizing Note) [X] Floating Rate [ ] Zero Coupon [ ] Discount
Form: [X] Book-Entry [ ] Definitive
</TABLE>
Principal Amount: $25,000,000
-------------------------
Price to Public: 100% CUSIP No.: 83180Q AB 6
-------------------------- -----------
Underwriting Discount: .350%
------------
Price to Company: 99.650%
----------------
Original Issue Date: September 10, 1997
---------------------------------
Stated Maturity: September 10, 2002
---------------------------------
Earliest Redemption Date: N/A
----------------------
Redemption Price: N/A
----------------------
Date on Which Interest Begins to Accrue
(if other than Original Issue Date):
----------------------
Interest Rate Per Annum (for Fixed Rate Notes): %
--------------
Purchase of Notes at Option of Holder
- -------------------------------------
Purchase Purchase
Date(s): Price(s):
Specified Currency
(if other than U.S. dollars):
----------------------
Authorized Denominations:
----------------------
Designated Deposit Currency:
----------------------
If other than Citibank, N.A.:
Paying Agent:
----------------------
Calculation Agent:
----------------------
Exchange Rate Agent
(if applicable):
----------------------
Interest Rate Provisions (for Floating Rate Notes):
Initial Interest Rate: 5.86875% per annum
-------
Base Rate or Rates:
[ ] CD Rate
[ ] Commercial Paper Rate
[ ] LIBID
[X] LIBOR
[ ] Treasury Rate
[ ] Federal Funds Rate
[ ] Prime Rate
[ ] J.J. Kenny Rate
[ ] Eleventh District Cost of Funds Rate
[ ] CMT Rate
[ ] National Cost of Funds Rate
[ ] Other:
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Spread: 15 b.p.
---------------------------
Spread Multiplier: %
---------------------------
Index Maturity:
[ ] 1 Month
[ ] 3 Months
[ ] 6 Months
[ ] 1 Year
[ ] Other (specify)
---------------------------
Maximum Interest Rate: % per annum
----
Minimum Interest Rate: % per annum
----
Interest Payment Dates:
[ ] Third Wednesday of each month
[X] Third Wednesday of each March, June, September
and December
[ ] Third Wednesday of each and
----------- ---------
[ ] Third Wednesday of each
-----------
[ ] Other (specify)
-------------------
Regular Record Dates:
[X] Fifteenth day (whether or not a Business Day)
immediately preceding the related Interest Payment Date
[ ] Other (specify)
-------------------
Interest Payment Period:
[ ] Monthly
[X] Quarterly
[ ] Semiannually
[ ] Annually
Interest Reset Period:
[ ] Daily
[ ] Weekly
[ ] Monthly
[X] Quarterly
[ ] Semiannually
[ ] Annually
Interest Reset Dates:
[X] As specified in Prospectus Supplement
[ ] Other (specify)
--------------------
Inverse Floating Rate Note
[ ] Yes
[X] No
Other terms: The Underwriter will be obligated to purchase all of the Notes if
any are purchased.
The Notes are not Indexed Notes or Renewable Notes. The Stated Maturity may not
be extended by the Company. The Notes may not be redeemed by the Company prior
to their Stated Maturity nor may they be repaid at the option of the holder
prior to such Stated Maturity.
