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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000748826
<NAME> SMITH BARNEY MANAGED GOVERNMENTS FUND INC. CLASS L
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1998
<PERIOD-END>                               JAN-31-1999
<INVESTMENTS-AT-COST>                      619,158,213
<INVESTMENTS-AT-VALUE>                     627,483,796
<RECEIVABLES>                              322,002,438
<ASSETS-OTHER>                                 131,898
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             943,618,132
<PAYABLE-FOR-SECURITIES>                   400,217,967
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,813,767
<TOTAL-LIABILITIES>                        402,031,734
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   557,121,397
<SHARES-COMMON-STOCK>                          220,935
<SHARES-COMMON-PRIOR>                          145,307
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                       1,316,529
<ACCUMULATED-NET-GAINS>                   (16,514,053)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     2,325,583
<NET-ASSETS>                               541,586,398
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           37,955,453
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,940,082
<NET-INVESTMENT-INCOME>                     32,015,371
<REALIZED-GAINS-CURRENT>                    30,990,214
<APPREC-INCREASE-CURRENT>                 (33,401,741)
<NET-CHANGE-FROM-OPS>                       29,103,844
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      137,427
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        118,157
<NUMBER-OF-SHARES-REDEEMED>                     50,435
<SHARES-REINVESTED>                              7,906
<NET-CHANGE-IN-ASSETS>                    (56,791,283)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                 (47,534,267)
<OVERDISTRIB-NII-PRIOR>                         13,750
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        3,616,039
<INTEREST-EXPENSE>                           (698,652)
<GROSS-EXPENSE>                              5,940,082
<AVERAGE-NET-ASSETS>                         2,341,568
<PER-SHARE-NAV-BEGIN>                            12.84
<PER-SHARE-NII>                                  00.67
<PER-SHARE-GAIN-APPREC>                         (0.04)
<PER-SHARE-DIVIDEND>                             00.74
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.73
<EXPENSE-RATIO>                                  01.62
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>