[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. - CLASS A
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-END]                               DEC-31-1995
[INVESTMENTS-AT-COST]                    2,312,285,223
[INVESTMENTS-AT-VALUE]                   3,066,496,338
[RECEIVABLES]                               10,171,668
[ASSETS-OTHER]                                     360
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           3,076,668,366
[PAYABLE-FOR-SECURITIES]                     4,134,963
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    5,881,636
[TOTAL-LIABILITIES]                         10,016,599
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,217,941,506
[SHARES-COMMON-STOCK]                      162,380,390
[SHARES-COMMON-PRIOR]                      166,368,611
[ACCUMULATED-NII-CURRENT]                      467,289
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     93,774,015
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   754,211,115
[NET-ASSETS]                             3,066,651,767
[DIVIDEND-INCOME]                           56,466,887
[INTEREST-INCOME]                           20,385,339
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              35,089,499
[NET-INVESTMENT-INCOME]                     41,762,727
[REALIZED-GAINS-CURRENT]                   276,898,722
[APPREC-INCREASE-CURRENT]                  388,853,268
[NET-CHANGE-FROM-OPS]                      707,514,717
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   31,928,802
[DISTRIBUTIONS-OF-GAINS]                   148,609,934
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      7,620,507
[NUMBER-OF-SHARES-REDEEMED]                 26,276,992
[SHARES-REINVESTED]                         14,668,264
[NET-CHANGE-IN-ASSETS]                     509,811,960
[ACCUMULATED-NII-PRIOR]                      1,640,913
[ACCUMULATED-GAINS-PRIOR]                   53,090,046
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       12,764,132
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             35,089,499
[AVERAGE-NET-ASSETS]                     1,811,254,257
[PER-SHARE-NAV-BEGIN]                            10.15
[PER-SHARE-NII]                                   0.20
[PER-SHARE-GAIN-APPREC]                           1.00
[PER-SHARE-DIVIDEND]                              0.20
[PER-SHARE-DISTRIBUTIONS]                         1.20
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.90
[EXPENSE-RATIO]                                   1.02
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>



[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. - CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-END]                               DEC-31-1995
[INVESTMENTS-AT-COST]                    2,312,285,223
[INVESTMENTS-AT-VALUE]                   3,066,496,338
[RECEIVABLES]                               10,171,668
[ASSETS-OTHER]                                     360
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           3,076,668,366
[PAYABLE-FOR-SECURITIES]                     4,134,963
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    5,881,636
[TOTAL-LIABILITIES]                         10,016,599
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,217,941,506
[SHARES-COMMON-STOCK]                       83,198,578
[SHARES-COMMON-PRIOR]                       75,052,109
[ACCUMULATED-NII-CURRENT]                      467,289
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     93,774,015
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   754,211,115
[NET-ASSETS]                             3,066,651,767
[DIVIDEND-INCOME]                           56,466,887
[INTEREST-INCOME]                           20,385,339
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              35,089,499
[NET-INVESTMENT-INCOME]                     41,762,727
[REALIZED-GAINS-CURRENT]                   276,898,722
[APPREC-INCREASE-CURRENT]                  388,853,268
[NET-CHANGE-FROM-OPS]                      707,514,717
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    9,069,362
[DISTRIBUTIONS-OF-GAINS]                    75,634,724
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     14,923,988
[NUMBER-OF-SHARES-REDEEMED]                 13,719,120
[SHARES-REINVESTED]                          6,941,401
[NET-CHANGE-IN-ASSETS]                     509,811,960
[ACCUMULATED-NII-PRIOR]                      1,640,913
[ACCUMULATED-GAINS-PRIOR]                   53,090,046
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       12,764,132
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             35,089,499
[AVERAGE-NET-ASSETS]                       873,121,230
[PER-SHARE-NAV-BEGIN]                            10.14
[PER-SHARE-NII]                                   0.11
[PER-SHARE-GAIN-APPREC]                           1.00
[PER-SHARE-DIVIDEND]                              0.11
[PER-SHARE-DISTRIBUTIONS]                         1.11
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.88
[EXPENSE-RATIO]                                   1.77
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>


[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. - CLASS C
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-END]                               DEC-31-1995
[INVESTMENTS-AT-COST]                    2,312,285,223
[INVESTMENTS-AT-VALUE]                   3,066,496,338
[RECEIVABLES]                               10,171,668
[ASSETS-OTHER]                                     360
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           3,076,668,366
[PAYABLE-FOR-SECURITIES]                     4,134,963
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    5,881,636
[TOTAL-LIABILITIES]                         10,016,599
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,217,941,506
[SHARES-COMMON-STOCK]                        1,233,676
[SHARES-COMMON-PRIOR]                          496,923
[ACCUMULATED-NII-CURRENT]                      467,289
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     93,774,015
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   754,211,115
[NET-ASSETS]                             3,066,651,767
[DIVIDEND-INCOME]                           56,466,887
[INTEREST-INCOME]                           20,385,339
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              35,089,499
[NET-INVESTMENT-INCOME]                     41,762,727
[REALIZED-GAINS-CURRENT]                   276,898,722
[APPREC-INCREASE-CURRENT]                  388,853,268
[NET-CHANGE-FROM-OPS]                      707,514,717
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      134,193
[DISTRIBUTIONS-OF-GAINS]                       991,606
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,074,749
[NUMBER-OF-SHARES-REDEEMED]                    432,791
[SHARES-REINVESTED]                             94,795
[NET-CHANGE-IN-ASSETS]                     509,811,960
[ACCUMULATED-NII-PRIOR]                      1,640,913
[ACCUMULATED-GAINS-PRIOR]                   53,090,046
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       12,764,132
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             35,089,499
[AVERAGE-NET-ASSETS]                         8,804,141
[PER-SHARE-NAV-BEGIN]                            10.14
[PER-SHARE-NII]                                   0.11
[PER-SHARE-GAIN-APPREC]                           1.00
[PER-SHARE-DIVIDEND]                              0.11
[PER-SHARE-DISTRIBUTIONS]                         1.11
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.88
[EXPENSE-RATIO]                                   1.77
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>


[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. - CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-END]                               DEC-31-1995
[INVESTMENTS-AT-COST]                    2,312,285,223
[INVESTMENTS-AT-VALUE]                   3,066,496,338
[RECEIVABLES]                               10,171,668
[ASSETS-OTHER]                                     360
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           3,076,668,366
[PAYABLE-FOR-SECURITIES]                     4,134,963
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    5,881,636
[TOTAL-LIABILITIES]                         10,016,599
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,217,941,506
[SHARES-COMMON-STOCK]                                0
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                      467,289
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     93,774,015
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   754,211,115
[NET-ASSETS]                             3,066,651,767
[DIVIDEND-INCOME]                           56,466,887
[INTEREST-INCOME]                           20,385,339
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              35,089,499
[NET-INVESTMENT-INCOME]                     41,762,727
[REALIZED-GAINS-CURRENT]                   276,898,722
[APPREC-INCREASE-CURRENT]                  388,853,268
[NET-CHANGE-FROM-OPS]                      707,514,717
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                       161,210
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        973,805
[NUMBER-OF-SHARES-REDEEMED]                    987,386
[SHARES-REINVESTED]                             13,581
[NET-CHANGE-IN-ASSETS]                     509,811,960
[ACCUMULATED-NII-PRIOR]                      1,640,913
[ACCUMULATED-GAINS-PRIOR]                   53,090,046
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       12,764,132
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             35,089,499
[AVERAGE-NET-ASSETS]                           666,458
[PER-SHARE-NAV-BEGIN]                            10.15
[PER-SHARE-NII]                                      0
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                                  0
[EXPENSE-RATIO]                                      0
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>


[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. - CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1995
[PERIOD-END]                               DEC-31-1995
[INVESTMENTS-AT-COST]                    2,312,285,223
[INVESTMENTS-AT-VALUE]                   3,066,496,338
[RECEIVABLES]                               10,171,668
[ASSETS-OTHER]                                     360
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           3,076,668,366
[PAYABLE-FOR-SECURITIES]                     4,134,963
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    5,881,636
[TOTAL-LIABILITIES]                         10,016,599
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,217,941,506
[SHARES-COMMON-STOCK]                       11,029,303
[SHARES-COMMON-PRIOR]                        9,998,137
[ACCUMULATED-NII-CURRENT]                      467,289
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     93,774,015
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   754,211,115
[NET-ASSETS]                             3,066,651,767
[DIVIDEND-INCOME]                           56,466,887
[INTEREST-INCOME]                           20,385,339
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              35,089,499
[NET-INVESTMENT-INCOME]                     41,762,727
[REALIZED-GAINS-CURRENT]                   276,898,722
[APPREC-INCREASE-CURRENT]                  388,853,268
[NET-CHANGE-FROM-OPS]                      707,514,717
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     13,161,558
[NUMBER-OF-SHARES-REDEEMED]                  1,345,826
[SHARES-REINVESTED]                          1,060,434
[NET-CHANGE-IN-ASSETS]                     509,811,960
[ACCUMULATED-NII-PRIOR]                      1,640,913
[ACCUMULATED-GAINS-PRIOR]                   53,090,046
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       12,764,132
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             35,089,499
[AVERAGE-NET-ASSETS]                       121,568,862
[PER-SHARE-NAV-BEGIN]                            10.16
[PER-SHARE-NII]                                   0.23
[PER-SHARE-GAIN-APPREC]                           1.00
[PER-SHARE-DIVIDEND]                              0.23
[PER-SHARE-DISTRIBUTIONS]                         1.23
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.91
[EXPENSE-RATIO]                                   0.77
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>