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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000787514
<NAME> SMITH BARNEY EQUITY FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> SMITH BARNEY GROWTH AND INCOME FUND, CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-END>                               JAN-31-1998
<INVESTMENTS-AT-COST>                      304,141,332
<INVESTMENTS-AT-VALUE>                     433,548,585
<RECEIVABLES>                                1,992,531
<ASSETS-OTHER>                              22,954,664
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             458,495,780
<PAYABLE-FOR-SECURITIES>                     5,427,049
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   23,456,731
<TOTAL-LIABILITIES>                         28,883,780
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   291,325,458
<SHARES-COMMON-STOCK>                        9,775,639
<SHARES-COMMON-PRIOR>                        9,575,491
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         225,094
<ACCUMULATED-NET-GAINS>                      9,104,383
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   129,407,253
<NET-ASSETS>                               429,612,000
<DIVIDEND-INCOME>                            8,064,924
<INTEREST-INCOME>                            1,731,810
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               4,705,928
<NET-INVESTMENT-INCOME>                      5,090,806
<REALIZED-GAINS-CURRENT>                    24,987,653
<APPREC-INCREASE-CURRENT>                   28,895,818
<NET-CHANGE-FROM-OPS>                       58,974,277
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    1,398,916
<DISTRIBUTIONS-OF-GAINS>                       363,073
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,910,597
<NUMBER-OF-SHARES-REDEEMED>                  2,161,382
<SHARES-REINVESTED>                            450,933
<NET-CHANGE-IN-ASSETS>                      78,002,467
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                    2,120,173
<OVERDISTRIB-NII-PRIOR>                        219,075
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,594,506
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              4,705,928
<AVERAGE-NET-ASSETS>                       147,531,675
<PER-SHARE-NAV-BEGIN>                            14.33
<PER-SHARE-NII>                                  00.13
<PER-SHARE-GAIN-APPREC>                          02.10
<PER-SHARE-DIVIDEND>                             00.14
<PER-SHARE-DISTRIBUTIONS>                        00.70
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.72
<EXPENSE-RATIO>                                  01.58
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>