<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001000077
<NAME> BALANCED PORTFOLIO
<SERIES>
   <NUMBER> 1
   <NAME> SMITH BARNEY CONCERT ALLOCATION SERIES, INC.

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-2000
<PERIOD-END>                               JAN-31-2000
<INVESTMENTS-AT-COST>                      531,262,921
<INVESTMENTS-AT-VALUE>                     527,257,470
<RECEIVABLES>                                  432,952
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
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<PAYABLE-FOR-SECURITIES>                             0
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                        2,835,746
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<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<OTHER-INCOME>                                       0
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<APPREC-INCREASE-CURRENT>                 (22,339,498)
<NET-CHANGE-FROM-OPS>                       21,074,579
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,301,101
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<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        945,905
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<NET-CHANGE-IN-ASSETS>                    (22,568,844)
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<OVERDISTRIB-NII-PRIOR>                              0
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<AVERAGE-NET-ASSETS>                        32,851,610
<PER-SHARE-NAV-BEGIN>                            12.95
<PER-SHARE-NII>                                   0.45
<PER-SHARE-GAIN-APPREC>                           0.13
<PER-SHARE-DIVIDEND>                              0.52
<PER-SHARE-DISTRIBUTIONS>                         0.46
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              12.55
<EXPENSE-RATIO>                                   0.35


</TABLE>