[ARTICLE] 6
[CIK] 0000841489
[NAME] SMITH BARNEY PRINCIPAL RETURN FUND
[SERIES]
   [NUMBER] 1
   [NAME] ZERO PLUS EMERGING GROWTH SERIES 2000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          NOV-30-1998
[PERIOD-END]                               MAY-31-1998
[INVESTMENTS-AT-COST]                       41,633,053
[INVESTMENTS-AT-VALUE]                      53,616,236
[RECEIVABLES]                                        0
[ASSETS-OTHER]                                 106,691
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              53,722,927
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      227,497
[TOTAL-LIABILITIES]                            227,497
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    39,311,478
[SHARES-COMMON-STOCK]                        6,450,308
[SHARES-COMMON-PRIOR]                        6,957,549
[ACCUMULATED-NII-CURRENT]                      701,012
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      1,499,757
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    11,983,183
[NET-ASSETS]                                53,495,430
[DIVIDEND-INCOME]                                3,125
[INTEREST-INCOME]                            1,204,000
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 311,725
[NET-INVESTMENT-INCOME]                        895,400
[REALIZED-GAINS-CURRENT]                     1,499,538
[APPREC-INCREASE-CURRENT]                  (1,095,662)
[NET-CHANGE-FROM-OPS]                        1,299,276
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,125,380
[DISTRIBUTIONS-OF-GAINS]                       165,984
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                    762,155
[SHARES-REINVESTED]                            254,914
[NET-CHANGE-IN-ASSETS]                     (5,342,331)
[ACCUMULATED-NII-PRIOR]                      1,930,992
[ACCUMULATED-GAINS-PRIOR]                      166,203
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          113,841
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                311,725
[AVERAGE-NET-ASSETS]                        57,127,646
[PER-SHARE-NAV-BEGIN]                             8.46
[PER-SHARE-NII]                                   0.14
[PER-SHARE-GAIN-APPREC]                           0.03
[PER-SHARE-DIVIDEND]                              0.31
[PER-SHARE-DISTRIBUTIONS]                         0.03
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.29
[EXPENSE-RATIO]                                   1.09
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>