[ARTICLE] 6
[CIK] 0000748826
[NAME] SMITH BARNEY MANAGED GOVERNMENTS FUND INC. CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JUL-31-1998
[PERIOD-END]                               JAN-31-1998
[INVESTMENTS-AT-COST]                      531,902,731
[INVESTMENTS-AT-VALUE]                     648,003,241
[RECEIVABLES]                                2,926,272
[ASSETS-OTHER]                                  19,825
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             650,949,338
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   98,980,855
[TOTAL-LIABILITIES]                        551,968,483
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   560,785,406
[SHARES-COMMON-STOCK]                        5,727,538
[SHARES-COMMON-PRIOR]                        6,634,456
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         235,055
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    16,100,510
[NET-ASSETS]                               551,968,483
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           20,416,968
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               3,045,516
[NET-INVESTMENT-INCOME]                     17,371,452
[REALIZED-GAINS-CURRENT]                    22,809,122
[APPREC-INCREASE-CURRENT]                 (20,126,814)
[NET-CHANGE-FROM-OPS]                       20,053,760
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,215,421
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,649,191
[NUMBER-OF-SHARES-REDEEMED]                  2,556,109
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                    (48,870,201)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                        927,389
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,278,888
[INTEREST-EXPENSE]                             292,831
[GROSS-EXPENSE]                              3,045,516
[AVERAGE-NET-ASSETS]                        78,426,237
[PER-SHARE-NAV-BEGIN]                            12.84
[PER-SHARE-NII]                                  00.42
[PER-SHARE-GAIN-APPREC]                          00.07
[PER-SHARE-DIVIDEND]                             00.42
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.91
[EXPENSE-RATIO]                                  00.68
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>