[ARTICLE] 6
[CIK] 0000841489
[NAME] SMITH BARNEY PRINCIPAL RETURN FUND
[SERIES]
   [NUMBER] 2
   [NAME] PRINCIPAL 1998
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          NOV-30-1998
[PERIOD-END]                                MAY-3-1998
[INVESTMENTS-AT-COST]                       72,088,039
[INVESTMENTS-AT-VALUE]                      83,746,681
[RECEIVABLES]                                   46,873
[ASSETS-OTHER]                                     190
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              83,793,744
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       84,204
[TOTAL-LIABILITIES]                         83,709,540
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    63,323,288
[SHARES-COMMON-STOCK]                       10,479,629
[SHARES-COMMON-PRIOR]                       10,957,991
[ACCUMULATED-NII-CURRENT]                    1,669,614
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      7,057,996
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    11,658,648
[NET-ASSETS]                                83,709,540
[DIVIDEND-INCOME]                              225,998
[INTEREST-INCOME]                            2,160,022
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 405,668
[NET-INVESTMENT-INCOME]                      1,980,352
[REALIZED-GAINS-CURRENT]                     7,275,338
[APPREC-INCREASE-CURRENT]                  (3,521,403)
[NET-CHANGE-FROM-OPS]                        5,734,287
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    4,212,229
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                  1,020,255
[SHARES-REINVESTED]                            541,893
[NET-CHANGE-IN-ASSETS]                       (478,362)
[ACCUMULATED-NII-PRIOR]                      3,901,491
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                   (217,342)
[GROSS-ADVISORY-FEES]                          127,650
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                405,668
[AVERAGE-NET-ASSETS]                        85,294,128
[PER-SHARE-NAV-BEGIN]                             7.86
[PER-SHARE-NII]                                   0.20
[PER-SHARE-GAIN-APPREC]                           0.32
[PER-SHARE-DIVIDEND]                              0.39
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.99
[EXPENSE-RATIO]                                   0.96
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>