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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000091157
<NAME> SMITH BARNEY FUNDS, INC.
<SERIES>
   <NUMBER> 1
   <NAME> EQUITY INCOME CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               DEC-31-1996
<INVESTMENTS-AT-COST>                      646,910,228
<INVESTMENTS-AT-VALUE>                     832,004,350
<RECEIVABLES>                                6,793,229
<ASSETS-OTHER>                                     642
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             838,798,221
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    1,286,555
<TOTAL-LIABILITIES>                          1,286,555
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   632,166,778
<SHARES-COMMON-STOCK>                        1,009,719
<SHARES-COMMON-PRIOR>                          417,083
<ACCUMULATED-NII-CURRENT>                      230,075
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         20,691
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   185,094,122
<NET-ASSETS>                               837,511,666
<DIVIDEND-INCOME>                           20,840,817
<INTEREST-INCOME>                            5,075,103
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,690,061
<NET-INVESTMENT-INCOME>                     18,225,859
<REALIZED-GAINS-CURRENT>                    90,148,657
<APPREC-INCREASE-CURRENT>                   10,795,938
<NET-CHANGE-FROM-OPS>                      119,170,454
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      175,569
<DISTRIBUTIONS-OF-GAINS>                    71,650,552
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        620,537
<NUMBER-OF-SHARES-REDEEMED>                    140,079
<SHARES-REINVESTED>                            112,178
<NET-CHANGE-IN-ASSETS>                      75,665,829
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        4,622,817
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,465,654
<AVERAGE-NET-ASSETS>                        10,723,857
<PER-SHARE-NAV-BEGIN>                            14.54
<PER-SHARE-NII>                                  00.24
<PER-SHARE-GAIN-APPREC>                          01.99
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        02.03
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              14.74
<EXPENSE-RATIO>                                  01.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>