WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 2
   <NAME> SB HANSBERGER GLOBAL SMALL CAP VALUE FUND - CLASS B

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          APR-30-2000
<PERIOD-END>                               APR-30-2000
<INVESTMENTS-AT-COST>                       12,191,799
<INVESTMENTS-AT-VALUE>                      11,139,167
<RECEIVABLES>                                   66,642
<ASSETS-OTHER>                                  41,806
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              11,247,615
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       79,757
<TOTAL-LIABILITIES>                             79,757
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    16,827,446
<SHARES-COMMON-STOCK>                          462,603
<SHARES-COMMON-PRIOR>                          770,018
<ACCUMULATED-NII-CURRENT>                     (24,655)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                    (4,581,294)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (1,053,639)
<NET-ASSETS>                                11,167,858
<DIVIDEND-INCOME>                              338,628
<INTEREST-INCOME>                               38,941
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 398,417
<NET-INVESTMENT-INCOME>                       (20,848)
<REALIZED-GAINS-CURRENT>                   (3,013,630)
<APPREC-INCREASE-CURRENT>                      562,109
<NET-CHANGE-FROM-OPS>                      (2,472,369)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         29,549
<NUMBER-OF-SHARES-REDEEMED>                    336,964
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                     (6,172,614)
<ACCUMULATED-NII-PRIOR>                         28,962
<ACCUMULATED-GAINS-PRIOR>                  (1,601,595)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          153,718
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                431,036
<AVERAGE-NET-ASSETS>                         6,171,072
<PER-SHARE-NAV-BEGIN>                            10.16
<PER-SHARE-NII>                                 (0.06)
<PER-SHARE-GAIN-APPREC>                         (1.64)
<PER-SHARE-DIVIDEND>                              0.00
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                               8.46
<EXPENSE-RATIO>                                   3.21


</TABLE>