<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 091157
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<PAGE> PAGE 2
012 A00AA01 FIRST DATA CORP
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012 C01AA01 BOSTON
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013 B01AA01 NEW YORK
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020 A000001 SMITH BARNEY
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
070 B020200 N
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
042 E000300 100
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 1
[NAME] EQUITY INCOME PORTFOLIO - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 575,962,374
[INVESTMENTS-AT-VALUE] 750,260,558
[RECEIVABLES] 2,933,688
[ASSETS-OTHER] 80,792
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 753,275,038
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,360,286
[TOTAL-LIABILITIES] 1,360,286
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 576,729,268
[SHARES-COMMON-STOCK] 42,324,270
[SHARES-COMMON-PRIOR] 40,953,900
[ACCUMULATED-NII-CURRENT] 19,447,507
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 56,593,756
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 174,298,184
[NET-ASSETS] 751,914,752
[DIVIDEND-INCOME] 21,517,038
[INTEREST-INCOME] 4,714,644
[OTHER-INCOME] 0
[EXPENSES-NET] 6,784,175
[NET-INVESTMENT-INCOME] 19,447,507
[REALIZED-GAINS-CURRENT] 56,593,756
[APPREC-INCREASE-CURRENT] 123,193,695
[NET-CHANGE-FROM-OPS] 199,234,958
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 1,257,466
[NUMBER-OF-SHARES-REDEEMED] 7,565,480
[SHARES-REINVESTED] 3,940,421
[NET-CHANGE-IN-ASSETS] 99,471,852
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 371,933
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,093,396
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6,784,175
[AVERAGE-NET-ASSETS] 576,045,664
[PER-SHARE-NAV-BEGIN] 12.18
[PER-SHARE-NII] 0.39
[PER-SHARE-GAIN-APPREC] 3.59
[PER-SHARE-DIVIDEND] 0.39
[PER-SHARE-DISTRIBUTIONS] 1.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.59
[EXPENSE-RATIO] 1.02
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 1
[NAME] EQUITY INCOME PORTFOLIO - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 575,962,374
[INVESTMENTS-AT-VALUE] 750,260,558
[RECEIVABLES] 2,933,688
[ASSETS-OTHER] 80,792
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 753,275,038
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,360,286
[TOTAL-LIABILITIES] 1,360,286
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 576,729,268
[SHARES-COMMON-STOCK] 417,083
[SHARES-COMMON-PRIOR] 122,283
[ACCUMULATED-NII-CURRENT] 19,447,507
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 56,593,756
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 174,298,184
[NET-ASSETS] 751,914,752
[DIVIDEND-INCOME] 21,517,038
[INTEREST-INCOME] 4,714,644
[OTHER-INCOME] 0
[EXPENSES-NET] 6,784,175
[NET-INVESTMENT-INCOME] 19,447,507
[REALIZED-GAINS-CURRENT] 56,593,756
[APPREC-INCREASE-CURRENT] 123,193,695
[NET-CHANGE-FROM-OPS] 199,234,958
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 383,746
[NUMBER-OF-SHARES-REDEEMED] 28,716
[SHARES-REINVESTED] 32,917
[NET-CHANGE-IN-ASSETS] 99,471,852
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 371,933
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,093,396
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 2,421,647
[PER-SHARE-NAV-BEGIN] 12.15
[PER-SHARE-NII] 0.29
[PER-SHARE-GAIN-APPREC] 3.57
[PER-SHARE-DIVIDEND] 0.29
[PER-SHARE-DISTRIBUTIONS] 1.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.54
[EXPENSE-RATIO] 1.73
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 1
[NAME] EQUITY INCOME PORTFOLIO - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 575,962,374
[INVESTMENTS-AT-VALUE] 750,260,558
[RECEIVABLES] 2,933,688
[ASSETS-OTHER] 80,792
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 753,275,038
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,360,286
[TOTAL-LIABILITIES] 1,360,286
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 576,729,268
[SHARES-COMMON-STOCK] 2,042,769
[SHARES-COMMON-PRIOR] 1,899,724
[ACCUMULATED-NII-CURRENT] 19,447,507
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 56,593,756
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 174,298,184
[NET-ASSETS] 751,914,752
[DIVIDEND-INCOME] 21,517,038
[INTEREST-INCOME] 4,714,644
[OTHER-INCOME] 0
[EXPENSES-NET] 6,784,175
[NET-INVESTMENT-INCOME] 19,447,507
[REALIZED-GAINS-CURRENT] 56,593,756
[APPREC-INCREASE-CURRENT] 123,193,695
[NET-CHANGE-FROM-OPS] 199,234,958
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 240,559
[NUMBER-OF-SHARES-REDEEMED] 636,749
[SHARES-REINVESTED] 180,858
[NET-CHANGE-IN-ASSETS] 99,471,852
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 371,933
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,093,396
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 27,568,013
[PER-SHARE-NAV-BEGIN] 12.18
[PER-SHARE-NII] 0.29
[PER-SHARE-GAIN-APPREC] 3.57
[PER-SHARE-DIVIDEND] 0.29
[PER-SHARE-DISTRIBUTIONS] 1.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.57
[EXPENSE-RATIO] 1.79
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 1
[NAME] EQUITY INCOME PORTFOLIO - CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 575,962,374
[INVESTMENTS-AT-VALUE] 750,260,558
[RECEIVABLES] 2,933,688
[ASSETS-OTHER] 80,792
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 753,275,038
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,360,286
[TOTAL-LIABILITIES] 1,360,286
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 576,729,268
[SHARES-COMMON-STOCK] 6,752,593
[SHARES-COMMON-PRIOR] 6,609,585
[ACCUMULATED-NII-CURRENT] 19,447,507
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 56,593,756
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 174,298,184
[NET-ASSETS] 751,914,752
[DIVIDEND-INCOME] 21,517,038
[INTEREST-INCOME] 4,714,644
[OTHER-INCOME] 0
[EXPENSES-NET] 6,784,175
[NET-INVESTMENT-INCOME] 19,447,507
[REALIZED-GAINS-CURRENT] 56,593,756
[APPREC-INCREASE-CURRENT] 123,193,695
[NET-CHANGE-FROM-OPS] 199,234,958
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 665,866
[NUMBER-OF-SHARES-REDEEMED] 1,185,176
[SHARES-REINVESTED] 709,558
[NET-CHANGE-IN-ASSETS] 99,471,852
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 371,933
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 4,093,396
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 91,429,642
[PER-SHARE-NAV-BEGIN] 12.19
[PER-SHARE-NII] 0.42
[PER-SHARE-GAIN-APPREC] 3.60
[PER-SHARE-DIVIDEND] 0.42
[PER-SHARE-DISTRIBUTIONS] 1.18
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.61
[EXPENSE-RATIO] 1.69
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 2
[NAME] US GOVERNMENT PORTFOLIO - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 451,885,990
[INVESTMENTS-AT-VALUE] 464,046,485
[RECEIVABLES] 3,011,760
[ASSETS-OTHER] 5,416
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 467,063,661
[PAYABLE-FOR-SECURITIES] 20,468,750
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,470,646
[TOTAL-LIABILITIES] 21,939,396
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 442,743,006
[SHARES-COMMON-STOCK] 28,289,208
[SHARES-COMMON-PRIOR] 28,644,268
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (100,007)
[ACCUMULATED-NET-GAINS] (9,679,229)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 12,160,495
[NET-ASSETS] 445,124,265
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 32,195,158
[OTHER-INCOME] 0
[EXPENSES-NET] 3,395,346
[NET-INVESTMENT-INCOME] 28,799,812
[REALIZED-GAINS-CURRENT] 9,369,017
[APPREC-INCREASE-CURRENT] 26,284,851
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 25,086,601
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,881,014
[NUMBER-OF-SHARES-REDEEMED] 5,309,396
[SHARES-REINVESTED] 1,073,322
[NET-CHANGE-IN-ASSETS] 31,814,982
[ACCUMULATED-NII-PRIOR] 27,604
[ACCUMULATED-GAINS-PRIOR] 33,354,060
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,869,768
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,395,346
[AVERAGE-NET-ASSETS] 365,829,137
[PER-SHARE-NAV-BEGIN] 12.50
[PER-SHARE-NII] 0.92
[PER-SHARE-GAIN-APPREC] 1.09
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.92)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.59
[EXPENSE-RATIO] 0.79
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 2
[NAME] US GOVERNMENT PORTFOLIO - CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 451,885,990
[INVESTMENTS-AT-VALUE] 464,046,485
[RECEIVABLES] 3,011,760
[ASSETS-OTHER] 5,416
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 467,063,661
[PAYABLE-FOR-SECURITIES] 20,468,750
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,470,646
[TOTAL-LIABILITIES] 21,939,396
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 442,743,006
[SHARES-COMMON-STOCK] 816,870
[SHARES-COMMON-PRIOR] 122,195
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (100,007)
[ACCUMULATED-NET-GAINS] (9,679,229)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 12,160,495
[NET-ASSETS] 445,124,265
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 32,195,158
[OTHER-INCOME] 0
[EXPENSES-NET] 3,395,346
[NET-INVESTMENT-INCOME] 28,799,812
[REALIZED-GAINS-CURRENT] 9,369,017
[APPREC-INCREASE-CURRENT] 26,284,851
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 438,330
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 800,188
[NUMBER-OF-SHARES-REDEEMED] 129,358
[SHARES-REINVESTED] 23,845
[NET-CHANGE-IN-ASSETS] 31,814,982
[ACCUMULATED-NII-PRIOR] 27,604
[ACCUMULATED-GAINS-PRIOR] 33,354,060
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,869,768
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,395,346
[AVERAGE-NET-ASSETS] 6,126,523
[PER-SHARE-NAV-BEGIN] 12.51
[PER-SHARE-NII] 0.80
[PER-SHARE-GAIN-APPREC] 1.16
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.86)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.61
[EXPENSE-RATIO] 1.28
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 2
[NAME] US GOVERNMENT PORTFOLIO - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 451,885,990
[INVESTMENTS-AT-VALUE] 464,046,485
[RECEIVABLES] 3,011,760
[ASSETS-OTHER] 5,416
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 467,063,661
[PAYABLE-FOR-SECURITIES] 20,468,750
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,470,646
[TOTAL-LIABILITIES] 21,939,396
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 442,743,006
[SHARES-COMMON-STOCK] 1,587,202
[SHARES-COMMON-PRIOR] 1,700,884
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (100,007)
[ACCUMULATED-NET-GAINS] (9,679,229)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 12,160,495
[NET-ASSETS] 445,124,265
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 32,195,158
[OTHER-INCOME] 0
[EXPENSES-NET] 3,395,346
[NET-INVESTMENT-INCOME] 28,799,812
[REALIZED-GAINS-CURRENT] 9,369,017
[APPREC-INCREASE-CURRENT] 26,284,851
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,388,048
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 458,383
[NUMBER-OF-SHARES-REDEEMED] 641,755
[SHARES-REINVESTED] 69,690
[NET-CHANGE-IN-ASSETS] 31,814,982
[ACCUMULATED-NII-PRIOR] 27,604
[ACCUMULATED-GAINS-PRIOR] 33,354,060
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,869,768
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,395,346
[AVERAGE-NET-ASSETS] 21,744,504
[PER-SHARE-NAV-BEGIN] 12.50
[PER-SHARE-NII] 0.86
[PER-SHARE-GAIN-APPREC] 1.09
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.87)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.58
[EXPENSE-RATIO] 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 2
[NAME] US GOVERNMENT PORTFOLIO - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 451,885,990
[INVESTMENTS-AT-VALUE] 464,046,485
[RECEIVABLES] 3,011,760
[ASSETS-OTHER] 5,416
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 467,063,661
[PAYABLE-FOR-SECURITIES] 20,468,750
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,470,646
[TOTAL-LIABILITIES] 21,939,396
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 442,743,006
[SHARES-COMMON-STOCK] 513,698,262
[SHARES-COMMON-PRIOR] 1,111,451
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (100,007)
[ACCUMULATED-NET-GAINS] (9,679,229)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 12,160,495
[NET-ASSETS] 445,124,265
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 32,195,158
[OTHER-INCOME] 0
[EXPENSES-NET] 3,395,346
[NET-INVESTMENT-INCOME] 28,799,812
[REALIZED-GAINS-CURRENT] 9,369,017
[APPREC-INCREASE-CURRENT] 26,284,851
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 550,065
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,330
[NUMBER-OF-SHARES-REDEEMED] 613,583
[SHARES-REINVESTED] 12,500
[NET-CHANGE-IN-ASSETS] 31,814,982
[ACCUMULATED-NII-PRIOR] 27,604
[ACCUMULATED-GAINS-PRIOR] 33,354,060
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,869,768
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,395,346
[AVERAGE-NET-ASSETS] 8,772,449
[PER-SHARE-NAV-BEGIN] 12.51
[PER-SHARE-NII] 1.00
[PER-SHARE-GAIN-APPREC] 1.06
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.96)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.61
[EXPENSE-RATIO] 0.49
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 2
[NAME] US GOVERNMENT PORTFOLIO - CLASS Z
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 451,885,990
[INVESTMENTS-AT-VALUE] 464,046,485
[RECEIVABLES] 3,011,760
[ASSETS-OTHER] 5,416
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 467,063,661
[PAYABLE-FOR-SECURITIES] 20,468,750
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,470,646
[TOTAL-LIABILITIES] 21,939,396
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 442,743,006
[SHARES-COMMON-STOCK] 1,538,469
[SHARES-COMMON-PRIOR] 1,486,353
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] (100,007)
[ACCUMULATED-NET-GAINS] (9,679,229)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 12,160,495
[NET-ASSETS] 445,124,265
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 32,195,158
[OTHER-INCOME] 0
[EXPENSES-NET] 3,395,346
[NET-INVESTMENT-INCOME] 28,799,812
[REALIZED-GAINS-CURRENT] 9,369,017
[APPREC-INCREASE-CURRENT] 26,284,851
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,464,379
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 212,929
[NUMBER-OF-SHARES-REDEEMED] 271,382
[SHARES-REINVESTED] 110,569
[NET-CHANGE-IN-ASSETS] 31,814,982
[ACCUMULATED-NII-PRIOR] 27,604
[ACCUMULATED-GAINS-PRIOR] 33,354,060
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 1,869,768
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,395,346
[AVERAGE-NET-ASSETS] 20,233,352
[PER-SHARE-NAV-BEGIN] 12.50
[PER-SHARE-NII] 0.94
[PER-SHARE-GAIN-APPREC] 1.11
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.95)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 13.60
[EXPENSE-RATIO] 0.50
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 3
[NAME] INCOME RETURN ACCOUNT PORTFOLIO - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 24,994,070
[INVESTMENTS-AT-VALUE] 25,255,580
[RECEIVABLES] 453,401
[ASSETS-OTHER] 726
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 25,709,707
[PAYABLE-FOR-SECURITIES] 89,066
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 56,126
[TOTAL-LIABILITIES] 145,192
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,689,033
[SHARES-COMMON-STOCK] 1,700,013
[SHARES-COMMON-PRIOR] 2,026,123
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 17,808
[ACCUMULATED-NET-GAINS] (1,713,384)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 261,510
[NET-ASSETS] 25,564,515
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,719,313
[OTHER-INCOME] 0
[EXPENSES-NET] 205,925
[NET-INVESTMENT-INCOME] 1,513,388
[REALIZED-GAINS-CURRENT] 102,837
[APPREC-INCREASE-CURRENT] 724,801
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (933,516)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 225,444
[NUMBER-OF-SHARES-REDEEMED] 629,762
[SHARES-REINVESTED] 78,208
[NET-CHANGE-IN-ASSETS] (6,726,780)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 17,393,778
[PER-SHARE-NAV-BEGIN] 9.34
[PER-SHARE-NII] 0.51
[PER-SHARE-GAIN-APPREC] 0.26
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.51)
[RETURNS-OF-CAPITAL] 8.43
[PER-SHARE-NAV-END] 9.60
[EXPENSE-RATIO] 0.69
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 3
[NAME] INCOME RETURN ACCOUNT PORTFOLIO - CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 24,994,070
[INVESTMENTS-AT-VALUE] 25,255,580
[RECEIVABLES] 453,401
[ASSETS-OTHER] 726
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 25,709,707
[PAYABLE-FOR-SECURITIES] 89,066
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 56,126
[TOTAL-LIABILITIES] 145,192
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,689,033
[SHARES-COMMON-STOCK] 262,459
[SHARES-COMMON-PRIOR] 327,182
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 17,808
[ACCUMULATED-NET-GAINS] (1,713,384)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 261,510
[NET-ASSETS] 25,564,515
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,719,313
[OTHER-INCOME] 0
[EXPENSES-NET] 205,925
[NET-INVESTMENT-INCOME] 1,513,388
[REALIZED-GAINS-CURRENT] 102,837
[APPREC-INCREASE-CURRENT] 724,801
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (137,074)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 31,564
[NUMBER-OF-SHARES-REDEEMED] 106,686
[SHARES-REINVESTED] 10,399
[NET-CHANGE-IN-ASSETS] (6,726,780)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 2,710,661
[PER-SHARE-NAV-BEGIN] 9.34
[PER-SHARE-NII] 0.48
[PER-SHARE-GAIN-APPREC] 0.26
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.48)
[RETURNS-OF-CAPITAL] 8.06
[PER-SHARE-NAV-END] 9.60
[EXPENSE-RATIO] 1.02
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 3
[NAME] INCOME RETURN ACCOUNT PORTFOLIO - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 24,994,070
[INVESTMENTS-AT-VALUE] 25,255,580
[RECEIVABLES] 453,401
[ASSETS-OTHER] 726
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 25,709,707
[PAYABLE-FOR-SECURITIES] 89,066
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 56,126
[TOTAL-LIABILITIES] 145,192
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,689,033
[SHARES-COMMON-STOCK] 99,116
[SHARES-COMMON-PRIOR] 346,380
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 17,808
[ACCUMULATED-NET-GAINS] (1,713,384)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 261,510
[NET-ASSETS] 25,564,515
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,719,313
[OTHER-INCOME] 0
[EXPENSES-NET] 205,925
[NET-INVESTMENT-INCOME] 1,513,388
[REALIZED-GAINS-CURRENT] 102,837
[APPREC-INCREASE-CURRENT] 724,801
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (83,679)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 0
[NUMBER-OF-SHARES-REDEEMED] 254,016
[SHARES-REINVESTED] 6,753
[NET-CHANGE-IN-ASSETS] (6,726,780)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 1,529,677
[PER-SHARE-NAV-BEGIN] 9.34
[PER-SHARE-NII] 0.51
[PER-SHARE-GAIN-APPREC] 0.26
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.51)
[RETURNS-OF-CAPITAL] 8.43
[PER-SHARE-NAV-END] 9.60
[EXPENSE-RATIO] 0.73
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 3
[NAME] INCOME RETURN ACCOUNT PORTFOLIO - CLASS Y
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 24,994,070
[INVESTMENTS-AT-VALUE] 25,255,580
[RECEIVABLES] 453,401
[ASSETS-OTHER] 726
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 25,709,707
[PAYABLE-FOR-SECURITIES] 89,066
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 56,126
[TOTAL-LIABILITIES] 145,192
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,689,033
[SHARES-COMMON-STOCK] 600,282
[SHARES-COMMON-PRIOR] 757,905
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 17,808
[ACCUMULATED-NET-GAINS] (1,713,384)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 261,510
[NET-ASSETS] 25,564,515
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 1,719,313
[OTHER-INCOME] 0
[EXPENSES-NET] 205,925
[NET-INVESTMENT-INCOME] 1,513,388
[REALIZED-GAINS-CURRENT] 102,837
[APPREC-INCREASE-CURRENT] 724,801
[NET-CHANGE-FROM-OPS] 0
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (356,550)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,206
[NUMBER-OF-SHARES-REDEEMED] 200,256
[SHARES-REINVESTED] 37,427
[NET-CHANGE-IN-ASSETS] (6,726,780)
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 0
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 0
[AVERAGE-NET-ASSETS] 6,638,649
[PER-SHARE-NAV-BEGIN] 9.35
[PER-SHARE-NII] 0.50
[PER-SHARE-GAIN-APPREC] 0.27
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] (0.51)
[RETURNS-OF-CAPITAL] 8.89
[PER-SHARE-NAV-END] 9.61
[EXPENSE-RATIO] 0.70
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
[NUMBER] 4
[NAME] SHORT-TERM US TREASURY PORTFOLIO - CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] DEC-31-1995
[PERIOD-END] DEC-31-1995
[INVESTMENTS-AT-COST] 102,100,725
[INVESTMENTS-AT-VALUE] 106,024,492
[RECEIVABLES] 1,244,211
[ASSETS-OTHER] 110,445
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 107,379,148
[PAYABLE-FOR-SECURITIES] 77,249
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 202,805
[TOTAL-LIABILITIES] 280,054
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 111,229,353
[SHARES-COMMON-STOCK] 25,568,994
[SHARES-COMMON-PRIOR] 22,684,266
[ACCUMULATED-NII-CURRENT] 7,334,575
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 8,054,026
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 3,923,767
[NET-ASSETS] 107,099,094
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 5,624,350
[OTHER-INCOME] 0
[EXPENSES-NET] 877,418
[NET-INVESTMENT-INCOME] 4,746,932
[REALIZED-GAINS-CURRENT] (1,124,138)
[APPREC-INCREASE-CURRENT] 7,502,923
[NET-CHANGE-FROM-OPS] 11,125,717
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,203,747
[DISTRIBUTIONS-OF-GAINS] (547,137)
[DISTRIBUTIONS-OTHER] 313,569
[NUMBER-OF-SHARES-SOLD] 10,999,038
[NUMBER-OF-SHARES-REDEEMED] (56,878,050)
[SHARES-REINVESTED] 3,983,544
[NET-CHANGE-IN-ASSETS] 12,013,716
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 403,161
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 877,418
[AVERAGE-NET-ASSETS] 0
[PER-SHARE-NAV-BEGIN] 3.91
[PER-SHARE-NII] 0.22
[PER-SHARE-GAIN-APPREC] 0.28
[PER-SHARE-DIVIDEND] (0.22)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 13.16
[PER-SHARE-NAV-END] 4.19
[EXPENSE-RATIO] 0.98
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
