[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
   [NUMBER] 4
   [NAME] SHORT-TERM HIGH GRADE BOND FUND. CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               DEC-31-1998
[INVESTMENTS-AT-COST]                      113,161,934
[INVESTMENTS-AT-VALUE]                     113,925,538
[RECEIVABLES]                                1,641,291
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             115,566,829
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,480,946
[TOTAL-LIABILITIES]                          1,480,946
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   119,266,834
[SHARES-COMMON-STOCK]                       10,902,716
[SHARES-COMMON-PRIOR]                        7,276,295
[ACCUMULATED-NII-CURRENT]                        8,437
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                     5,952,992
[ACCUM-APPREC-OR-DEPREC]                       763,604
[NET-ASSETS]                               114,085,883
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            6,209,419
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 901,930
[NET-INVESTMENT-INCOME]                      5,307,489
[REALIZED-GAINS-CURRENT]                       957,511
[APPREC-INCREASE-CURRENT]                       17,286
[NET-CHANGE-FROM-OPS]                        6,282,286
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,004,337
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      3,626,421
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                      12,939,043
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                   6,902,066
[GROSS-ADVISORY-FEES]                          470,058
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                901,930
[AVERAGE-NET-ASSETS]                        36,977,319
[PER-SHARE-NAV-BEGIN]                             4.09
[PER-SHARE-NII]                                   0.22
[PER-SHARE-GAIN-APPREC]                           0.04
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                         0.22
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               4.13
[EXPENSE-RATIO]                                   0.56
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>