WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 2
   <NAME> SMITH BARNEY HANSBERGER GLOBAL SMALL CAP VALUE FUND. CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                       23,737,283
<INVESTMENTS-AT-VALUE>                      25,305,241
<RECEIVABLES>                                  303,150
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              25,608,391
<PAYABLE-FOR-SECURITIES>                     1,722,177
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       68,012
<TOTAL-LIABILITIES>                          1,790,189
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    22,089,958
<SHARES-COMMON-STOCK>                          940,717
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      143,223
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         19,406
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                23,818,202
<DIVIDEND-INCOME>                              162,658
<INTEREST-INCOME>                               61,571
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 170,277
<NET-INVESTMENT-INCOME>                         59,952
<REALIZED-GAINS-CURRENT>                       110,277
<APPREC-INCREASE-CURRENT>                    1,565,615
<NET-CHANGE-FROM-OPS>                        1,735,844
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       10,839
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     10,919,021
<NUMBER-OF-SHARES-REDEEMED>                     10,711
<SHARES-REINVESTED>                            177,383
<NET-CHANGE-IN-ASSETS>                      23,818,202
<ACCUMULATED-NII-PRIOR>                              0
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<OVERDISTRIB-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                261,622
<AVERAGE-NET-ASSETS>                         6,507,766
<PER-SHARE-NAV-BEGIN>                            11.40
<PER-SHARE-NII>                                  00.02
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<PER-SHARE-DIVIDEND>                             00.01
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                  02.68
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>