<TABLE> <S> <C>

<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE JUNE 30,
1997 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF SMITH BARNEY HOLDINGS INC.
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FIANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000911562
<NAME> SMITH BARNEY HOLDINGS INC. AND SUBSIDIARIES
<MULTIPLIER> 1,000,000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               JUN-30-1997
<CASH>                                       $   1,653<F1>
<RECEIVABLES>                                    9,269<F2>
<SECURITIES-RESALE>                             14,610
<SECURITIES-BORROWED>                           13,340
<INSTRUMENTS-OWNED>                             14,014
<PP&E>                                             450
<TOTAL-ASSETS>                                  55,737
<SHORT-TERM>                                     4,268
<PAYABLES>                                       7,821<F3>
<REPOS-SOLD>                                    19,479
<SECURITIES-LOANED>                              6,431
<INSTRUMENTS-SOLD>                               9,640
<LONG-TERM>                                      2,959<F4>
<PREFERRED-MANDATORY>                                0<F5>
<PREFERRED>                                          0<F5>
<COMMON>                                             0<F5>
<OTHER-SE>                                       2,991<F6>
<TOTAL-LIABILITY-AND-EQUITY>                    55,737
<TRADING-REVENUE>                                  514
<INTEREST-DIVIDENDS>                             1,160
<COMMISSIONS>                                    1,183
<INVESTMENT-BANKING-REVENUES>                      518
<FEE-REVENUE>                                      762
<INTEREST-EXPENSE>                                 926
<COMPENSATION>                                   1,812
<INCOME-PRETAX>                                    787
<INCOME-PRE-EXTRAORDINARY>                         787
<EXTRAORDINARY>                                      0<F5>
<CHANGES>                                            0<F5>
<NET-INCOME>                                       469
<EPS-PRIMARY>                                        0<F5>
<EPS-DILUTED>                                        0<F5>
<FN>
<F1>INCLUDES THE FOLLOWING ITEMS FROM THE FINANCIAL STATEMENTS: CASH AND CASH
EQUIVALENTS $232; CASH SEGREGATED AND ON DEPOSITS FOR FEDERAL AND OTHER
REGULATIONS AND DEPOSITS WITH CLEARING ORGANIZATIONS $1,421.
<F2>INCLUDES THE FOLLOWING ITEMS FROM THE FINANCIAL STATEMENTS: RECIEVABLE FROM
BROKERS AND DEALERS $946; RECEIVABLE FROM CUSTOMERS $7,561; OTHER RECEIVABLES
$762.
<F3>INCLUDES THE FOLLOWING ITEMS FROM THE FINANCIAL STATEMENTS: PAYABLE TO BROKERS
AND DEALERS $258; PAYABLE TO CUSTOMERS $4,784; OTHER PAYABLES $2,779.
<F4>INCLUDES THE FOLLOWING ITEMS FROM THE FINANCIAL STATEMENTS: NOTES PAYABLE
$2,735; SUBORDINATED INDEBTEDNESS $224.
<F5>ITEMS WHICH ARE INAPPLICABLE RELATIVE TO THE UNDERLYING FINANCIAL STATEMENTS ARE
INDICATED WITH A ZERO AS REQUIRED.
<F6>INCLUDES THE FOLLOWING ITEMS FROM THE FINANCIAL STATEMENTS: ADDITIONAL PAID-IN
CAPITAL $1,803; RETAINED EARNINGS $1,183; CUMULATIVE TRANSLATION ADJUSTMENT $5.
</FN>
        

</TABLE>