<PAGE> PAGE 1
000 B000000 04/30/96
000 C000000 920058
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 SMITH BARNEY OREGON MUNICIPALS FUND
001 B000000 811-7149
001 C000000 2128166550
002 A000000 388 GREENWICH STREET
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10013
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 SMITH BARNEY
008 B000001 A
008 C000001 801-3389
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10013
010 A000001 SMITH BARNEY
010 B000001 801-14437
010 C010001 NEW YORK
010 C020001 NY
010 C030001 10013
011 A000001 SMITH BARNEY
011 B000001 8-81777
011 C010001 NEW YORK
011 C020001 NY
011 C030001 10013
012 A000001 FIRST DATA INVESTOR SERVICES GROUP
012 B000001 84-0000
012 C010001 BOSTON
<PAGE> PAGE 2
012 C020001 MA
012 C030001 02104
013 A000001 KPMG PEAT MARWICK LLP
013 B010001 NEW YORK
013 B020001 NY
013 B030001 10154
015 A000001 PNC BANK
015 B000001 C
015 C010001 PHILADELPHIA
015 C020001 PA
015 C030001 19103
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 127
019 C000000 BARNEY0000
022 A000001 MERRILL LYNCH
022 C000001 3500
022 D000001 3962
022 A000002 SEATTLE NORTHWEST
022 C000002 3508
022 D000002 1433
022 A000003 PAINE WEBBER
022 C000003 1746
022 D000003 1843
022 A000004 OPPENHEIMER AND CO.
022 C000004 503
022 D000004 996
022 A000005 FIRST ALBANY
022 C000005 485
022 D000005 953
022 A000006 US BANK OF OREGON
022 C000006 1051
022 D000006 0
022 A000007 DAIN BOSWORTH
022 C000007 0
022 D000007 957
022 A000008 CHEMICAL SECURITIES
022 C000008 0
022 D000008 900
022 A000009 BEAR STEARNS
022 C000009 500
022 D000009 301
022 A000010 SAMUEL A. RAMIREZ
022 C000010 699
022 D000010 0
023 C000000 22004
023 D000000 18396
024 000000 N
025 D000001 0
025 D000002 0
<PAGE> PAGE 3
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
027 000000 Y
028 A010000 715
028 A020000 46
028 A030000 0
028 A040000 147
028 B010000 512
028 B020000 48
028 B030000 0
028 B040000 161
028 C010000 595
028 C020000 49
028 C030000 0
028 C040000 106
028 D010000 777
028 D020000 51
028 D030000 0
028 D040000 139
028 E010000 493
028 E020000 53
028 E030000 0
028 E040000 82
028 F010000 567
028 F020000 53
028 F030000 0
028 F040000 83
028 G010000 3659
028 G020000 300
028 G030000 0
028 G040000 718
028 H000000 1305
029 000000 Y
030 A000000 59
030 B000000 4.50
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 59
034 000000 Y
035 000000 13
036 A000000 Y
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
<PAGE> PAGE 4
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 67
044 000000 0
045 000000 Y
046 000000 N
047 000000 Y
048 000000 0.300
048 A010000 0
048 A020000 0.000
048 B010000 0
048 B020000 0.000
048 C010000 0
048 C020000 0.000
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
055 A000000 Y
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 N
060 B000000 N
061 000000 1000
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
<PAGE> PAGE 5
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 4.1
062 M000000 0.0
062 N000000 0.0
062 O000000 95.9
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 21.0
064 A000000 Y
064 B000000 N
071 A000000 15603
071 B000000 11095
071 C000000 14812
071 D000000 75
072 A000000 12
072 B000000 895
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 50
072 G000000 31
072 H000000 0
072 I000000 14
072 J000000 2
072 K000000 0
072 L000000 0
072 M000000 29
072 N000000 20
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 26
072 S000000 25
072 T000000 67
072 U000000 7
072 V000000 38
072 W000000 6
072 X000000 315
072 Y000000 166
072 Z000000 746
072AA000000 102
072BB000000 0
072CC010000 96
<PAGE> PAGE 6
072CC020000 0
072DD010000 338
072DD020000 408
072EE000000 92
073 A010000 0.5400
073 A020000 0.9580
073 B000000 0.0603
073 C000000 0.0000
074 A000000 577
074 B000000 0
074 C000000 0
074 D000000 17253
074 E000000 0
074 F000000 0
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 85
074 L000000 580
074 M000000 86
074 N000000 18581
074 O000000 496
074 P000000 9
074 Q000000 0
074 R010000 81
074 R020000 0
074 R030000 0
074 R040000 0
074 S000000 0
074 T000000 17995
074 U010000 733
074 U020000 1022
074 V010000 10.26
074 V020000 10.26
074 W000000 0.0000
074 X000000 593
074 Y000000 0
075 A000000 0
075 B000000 15303
076 000000 0.00
077 A000000 N
080 A000000 ICI MUTUAL INSURANCE CO.
080 C000000 78275
081 A000000 Y
081 B000000 127
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
<PAGE> PAGE 7
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000920058
[NAME] SMITH BARNEY OREGON MUNICIPALS FUND-CLASS A
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1996
[PERIOD-END] APR-30-1996
[INVESTMENTS-AT-COST] 17,005,605
[INVESTMENTS-AT-VALUE] 17,253,244
[RECEIVABLES] 665,126
[ASSETS-OTHER] 65,715
[OTHER-ITEMS-ASSETS] 597,051
[TOTAL-ASSETS] 18,581,136
[PAYABLE-FOR-SECURITIES] 496,344
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 89,868
[TOTAL-LIABILITIES] 586,212
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,754,003
[SHARES-COMMON-STOCK] 733,200
[SHARES-COMMON-PRIOR] 626,807
[ACCUMULATED-NII-CURRENT] 472,638
[OVERDISTRIBUTION-NII] 6,797
[ACCUMULATED-NET-GAINS] (20)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 247,639
[NET-ASSETS] 17,994,924
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 895,076
[OTHER-INCOME] 0
[EXPENSES-NET] 149,110
[NET-INVESTMENT-INCOME] 745,966
[REALIZED-GAINS-CURRENT] 102,274
[APPREC-INCREASE-CURRENT] 96,355
[NET-CHANGE-FROM-OPS] 944,595
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 338,287
[DISTRIBUTIONS-OF-GAINS] 38,545
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 240,150
[NUMBER-OF-SHARES-REDEEMED] 157,979
[SHARES-REINVESTED] 24,222
[NET-CHANGE-IN-ASSETS] 5,115,358
[ACCUMULATED-NII-PRIOR] 472,638
[ACCUMULATED-GAINS-PRIOR] (13,541)
[OVERDISTRIB-NII-PRIOR] 3,823
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 50,110
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 315,271
[AVERAGE-NET-ASSETS] 15,302,627
[PER-SHARE-NAV-BEGIN] 10.09
[PER-SHARE-NII] 0.55
[PER-SHARE-GAIN-APPREC] 0.22
[PER-SHARE-DIVIDEND] 0.54
[PER-SHARE-DISTRIBUTIONS] 0.06
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.26
[EXPENSE-RATIO] 0.66
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000920058
[NAME] SMITH BARNEY OREGON MUNICIPALS FUND-CLASS B
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1996
[PERIOD-END] APR-30-1996
[INVESTMENTS-AT-COST] 17,005,605
[INVESTMENTS-AT-VALUE] 17,253,244
[RECEIVABLES] 665,126
[ASSETS-OTHER] 65,715
[OTHER-ITEMS-ASSETS] 597,051
[TOTAL-ASSETS] 18,581,136
[PAYABLE-FOR-SECURITIES] 496,344
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 89,868
[TOTAL-LIABILITIES] 586,212
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,754,003
[SHARES-COMMON-STOCK] 962,062
[SHARES-COMMON-PRIOR] 649,941
[ACCUMULATED-NII-CURRENT] 472,638
[OVERDISTRIBUTION-NII] 6,797
[ACCUMULATED-NET-GAINS] (20)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 247,639
[NET-ASSETS] 17,994,924
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 895,076
[OTHER-INCOME] 0
[EXPENSES-NET] 149,110
[NET-INVESTMENT-INCOME] 745,966
[REALIZED-GAINS-CURRENT] 102,274
[APPREC-INCREASE-CURRENT] 96,355
[NET-CHANGE-FROM-OPS] 944,595
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 390,803
[DISTRIBUTIONS-OF-GAINS] 50,529
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 376,867
[NUMBER-OF-SHARES-REDEEMED] 92,345
[SHARES-REINVESTED] 27,599
[NET-CHANGE-IN-ASSETS] 5,115,358
[ACCUMULATED-NII-PRIOR] 472,638
[ACCUMULATED-GAINS-PRIOR] (13,541)
[OVERDISTRIB-NII-PRIOR] 3,823
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 50,110
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 315,271
[AVERAGE-NET-ASSETS] 15,302,627
[PER-SHARE-NAV-BEGIN] 10.09
[PER-SHARE-NII] 0.49
[PER-SHARE-GAIN-APPREC] 0.22
[PER-SHARE-DIVIDEND] 0.49
[PER-SHARE-DISTRIBUTIONS] 0.06
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.25
[EXPENSE-RATIO] 1.21
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000920058
[NAME] SMITH BARNEY OREGON MUNICIPALS FUND-CLASS C
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] APR-30-1996
[PERIOD-END] APR-30-1996
[INVESTMENTS-AT-COST] 17,005,605
[INVESTMENTS-AT-VALUE] 17,253,244
[RECEIVABLES] 665,126
[ASSETS-OTHER] 65,715
[OTHER-ITEMS-ASSETS] 597,051
[TOTAL-ASSETS] 18,581,136
[PAYABLE-FOR-SECURITIES] 496,344
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 89,868
[TOTAL-LIABILITIES] 586,212
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 17,754,003
[SHARES-COMMON-STOCK] 59,822
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 472,638
[OVERDISTRIBUTION-NII] 6,797
[ACCUMULATED-NET-GAINS] (20)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 247,639
[NET-ASSETS] 17,994,924
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 895,076
[OTHER-INCOME] 0
[EXPENSES-NET] 149,110
[NET-INVESTMENT-INCOME] 745,966
[REALIZED-GAINS-CURRENT] 102,274
[APPREC-INCREASE-CURRENT] 96,355
[NET-CHANGE-FROM-OPS] 944,595
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 16,870
[DISTRIBUTIONS-OF-GAINS] 2,580
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 59,834
[NUMBER-OF-SHARES-REDEEMED] 1,340
[SHARES-REINVESTED] 1,328
[NET-CHANGE-IN-ASSETS] 5,115,358
[ACCUMULATED-NII-PRIOR] 472,638
[ACCUMULATED-GAINS-PRIOR] (13,541)
[OVERDISTRIB-NII-PRIOR] 3,823
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 50,110
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 315,271
[AVERAGE-NET-ASSETS] 15,302,627
[PER-SHARE-NAV-BEGIN] 10.28
[PER-SHARE-NII] 0.45
[PER-SHARE-GAIN-APPREC] 0.06
[PER-SHARE-DIVIDEND] 0.47
[PER-SHARE-DISTRIBUTIONS] 0.06
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.26
[EXPENSE-RATIO] 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>