[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
   [NUMBER] 5
   [NAME] HIGH GROWTH PORTFOLIO CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          JAN-31-1997
[PERIOD-END]                               JAN-31-1997
[INVESTMENTS-AT-COST]                      301,499,038
[INVESTMENTS-AT-VALUE]                     315,555,587
[RECEIVABLES]                                1,644,082
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                       315,789,412
[TOTAL-ASSETS]                             317,433,494
[PAYABLE-FOR-SECURITIES]                     2,292,392
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      486,679
[TOTAL-LIABILITIES]                          2,779,071
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   297,959,916
[SHARES-COMMON-STOCK]                       11,377,869
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                    5,088,115
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                               314,654,423
[DIVIDEND-INCOME]                            4,934,888
[INTEREST-INCOME]                              153,227
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,496,232
[NET-INVESTMENT-INCOME]                      3,591,883
[REALIZED-GAINS-CURRENT]                     3,081,396
[APPREC-INCREASE-CURRENT]                   14,056,549
[NET-CHANGE-FROM-OPS]                       20,729,828
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      937,259
[DISTRIBUTIONS-OF-GAINS]                       241,142
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     11,836,415
[NUMBER-OF-SHARES-REDEEMED]                    556,322
[SHARES-REINVESTED]                             97,776
[NET-CHANGE-IN-ASSETS]                     314,554,423
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                                0
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,496,232
[AVERAGE-NET-ASSETS]                        69,300,644
[PER-SHARE-NAV-BEGIN]                            11.40
[PER-SHARE-NII]                                  00.16
[PER-SHARE-GAIN-APPREC]                          01.43
[PER-SHARE-DIVIDEND]                             00.58
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.41
[EXPENSE-RATIO]                                  01.35
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>