[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES
[SERIES]
   [NUMBER] 4
   [NAME] GROWTH PORTFOLIO CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          JAN-31-1997
[PERIOD-END]                               JAN-31-1997
[INVESTMENTS-AT-COST]                      389,223,004
[INVESTMENTS-AT-VALUE]                     403,949,050
[RECEIVABLES]                                3,949,338
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                               123
[TOTAL-ASSETS]                             407,898,511
[PAYABLE-FOR-SECURITIES]                     3,647,741
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      505,675
[TOTAL-LIABILITIES]                          4,153,416
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   382,996,064
[SHARES-COMMON-STOCK]                              488
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                   10,498,109
[OVERDISTRIBUTION-NII]                         541,947
[ACCUMULATED-NET-GAINS]                      3,809,172
[OVERDISTRIBUTION-GAINS]                     3,481,038
[ACCUM-APPREC-OR-DEPREC]                    16,726,046
[NET-ASSETS]                               403,745,095
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                              171,500
[OTHER-INCOME]                              10,326,609
[EXPENSES-NET]                               2,050,254
[NET-INVESTMENT-INCOME]                      8,447,855
[REALIZED-GAINS-CURRENT]                     3,809,172
[APPREC-INCREASE-CURRENT]                   16,726,046
[NET-CHANGE-FROM-OPS]                       28,983,073
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                            488
[NUMBER-OF-SHARES-REDEEMED]                          0 
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                     403,745,095
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          678,365
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              2,050,254
[AVERAGE-NET-ASSETS]                             3,064
[PER-SHARE-NAV-BEGIN]                            12.18
[PER-SHARE-NII]                                  00.02
[PER-SHARE-GAIN-APPREC]                          00.12
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.32
[EXPENSE-RATIO]                                  00.35
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>