[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
   [NUMBER] 1
   [NAME] EQUITY INCOME PORTFOLIO, CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               JUN-30-1997
[INVESTMENTS-AT-COST]                      692,564,577
[INVESTMENTS-AT-VALUE]                     975,103,563
[RECEIVABLES]                                1,827,655
[ASSETS-OTHER]                                     671
[OTHER-ITEMS-ASSETS]                         1,501,977
[TOTAL-ASSETS]                             978,433,866
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      875,329
[TOTAL-LIABILITIES]                            875,329
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   644,280,966
[SHARES-COMMON-STOCK]                        1,224,058
[SHARES-COMMON-PRIOR]                        1,009,719
[ACCUMULATED-NII-CURRENT]                    1,158,018
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     51,335,305
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   282,538,986
[NET-ASSETS]                               977,558,537
[DIVIDEND-INCOME]                           10,208,161
[INTEREST-INCOME]                            2,100,954
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               4,083,780
[NET-INVESTMENT-INCOME]                      8,225,335
[REALIZED-GAINS-CURRENT]                    51,314,614
[APPREC-INCREASE-CURRENT]                   97,444,864
[NET-CHANGE-FROM-OPS]                      148,754,478
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      115,096
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        310,328
[NUMBER-OF-SHARES-REDEEMED]                    102,455
[SHARES-REINVESTED]                              6,466
[NET-CHANGE-IN-ASSETS]                     140,046,871
[ACCUMULATED-NII-PRIOR]                     18,225,859
[ACCUMULATED-GAINS-PRIOR]                   90,148,657
[OVERDISTRIB-NII-PRIOR]                   (18,560,723)
[OVERDIST-NET-GAINS-PRIOR]                (90,678,646)
[GROSS-ADVISORY-FEES]                        2,574,086
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              2,574,086
[AVERAGE-NET-ASSETS]                        17,666,484
[PER-SHARE-NAV-BEGIN]                            14.74
[PER-SHARE-NII]                                  00.09
[PER-SHARE-GAIN-APPREC]                          02.64
[PER-SHARE-DIVIDEND]                             00.10
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.36
[EXPENSE-RATIO]                                  01.71
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>