[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
   [NUMBER] 1
   [NAME] EQUITY INCOME PORTFOLIO, CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               DEC-31-1997
[INVESTMENTS-AT-COST]                      781,551,345
[INVESTMENTS-AT-VALUE]                    1,093628,877
[RECEIVABLES]                                6,904,137
[ASSETS-OTHER]                           1,174,106,328
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,181,010,465
[PAYABLE-FOR-SECURITIES]                    80,477,361
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   15,487,142
[TOTAL-LIABILITIES]                         95,964,503
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   772,891,044
[SHARES-COMMON-STOCK]                        8,413,016
[SHARES-COMMON-PRIOR]                        7,634,136
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       2,674,495
[ACCUMULATED-NET-GAINS]                      2,751,881
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   312,077,532
[NET-ASSETS]                             1,085,045,962
[DIVIDEND-INCOME]                           21,201,122
[INTEREST-INCOME]                            4,127,189
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               8,732,601
[NET-INVESTMENT-INCOME]                     16,595,710
[REALIZED-GAINS-CURRENT]                    88,456,915
[APPREC-INCREASE-CURRENT]                  126,983,410
[NET-CHANGE-FROM-OPS]                      232,036,035
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      634,120
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      7,963,435
[NUMBER-OF-SHARES-REDEEMED]                  9,278,007
[SHARES-REINVESTED]                         14,387,232
[NET-CHANGE-IN-ASSETS]                     247,534,296
[ACCUMULATED-NII-PRIOR]                     18,225,296
[ACCUMULATED-GAINS-PRIOR]                   90,148,657
[OVERDISTRIB-NII-PRIOR]                     18,560,723
[OVERDIST-NET-GAINS-PRIOR]                  90,678,646
[GROSS-ADVISORY-FEES]                        5,536,984
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              5,536,984
[AVERAGE-NET-ASSETS]                       132,182,455
[PER-SHARE-NAV-BEGIN]                            14.82
[PER-SHARE-NII]                                  00.35
[PER-SHARE-GAIN-APPREC]                          03.80
[PER-SHARE-DIVIDEND]                             00.40
[PER-SHARE-DISTRIBUTIONS]                        01.45
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.12
[EXPENSE-RATIO]                                  00.60
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>