<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001000077
<NAME> SMITH BARNEY CONCERT SERIES
<SERIES>
   <NUMBER> 012
   <NAME> BALANCED PORTFOLIO - CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-1996
<PERIOD-END>                               JUL-31-1996
<INVESTMENTS-AT-COST>                      102,518,706
<INVESTMENTS-AT-VALUE>                     101,172,584
<RECEIVABLES>                                1,168,374
<ASSETS-OTHER>                                     544
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             102,291,502
<PAYABLE-FOR-SECURITIES>                     2,143,097
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       68,424
<TOTAL-LIABILITIES>                          2,211,521
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   101,269,738
<SHARES-COMMON-STOCK>                        4,673,298
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    1,004,456
<OVERDISTRIBUTION-NII>                         206,365
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (1,396,122)
<NET-ASSETS>                               100,079,981
<DIVIDEND-INCOME>                               36,822
<INTEREST-INCOME>                            1,207,266
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 239,632
<NET-INVESTMENT-INCOME>                      1,004,456
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                  (1,396,122)
<NET-CHANGE-FROM-OPS>                        (391,666)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      391,657
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      4,743,863
<NUMBER-OF-SHARES-REDEEMED>                    103,104
<SHARES-REINVESTED>                             32,539
<NET-CHANGE-IN-ASSETS>                     100,079,981
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           76,777
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                239,632
<AVERAGE-NET-ASSETS>                        24,801,147
<PER-SHARE-NAV-BEGIN>                            11.40
<PER-SHARE-NII>                                   0.19
<PER-SHARE-GAIN-APPREC>                           0.21
<PER-SHARE-DIVIDEND>                              0.13
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.25
<EXPENSE-RATIO>                                   1.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>