SMITH BARNEY FUNDS INC
497, 1996-04-11
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          SMITH BARNEY FUNDS, INC. - INCOME RETURN
                      ACCOUNT PORTFOLIO




             Supplement dated April 11, 1996 to
               Prospectus dated April 1, 1996






Effective April 11, 1996 shares of the Income Return Account
Portfolio will no longer be available for purchase through
the Smith Barney 401(k) Program.












FD 01116  4/96











g:\funds\sbfi\1996\edgar\incstk.ans




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