SMITH BARNEY SHEARSON OREGON MUNICIPAL FUND
497, 1995-07-26
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             SMITH BARNEY OREGON MUNICIPALS FUND
        Supplement to Prospectus dated June 29, 1995
      On July 19, 1995, the Board of Trustees of  Smith
Barney Oregon Municipals Fund (the "Fund") approved a
reduction in the investment advisory fee paid by the Fund to
Smith Barney Mutual Funds Management Inc.  Accordingly,
effective November 17, 1995, the Fund's investment advisory
fee will be decreased from 0.35% to 0.30% of the average
daily net assets of the Fund.

Supplement dated July 20, 1995












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