[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
   [NUMBER] 1
   [NAME] PREMIUM TOTAL RETURN CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          JUL-31-1996
[PERIOD-END]                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,259,369,699
[INVESTMENTS-AT-VALUE]                   2,653,557,534
[RECEIVABLES]                                9,216,550
[ASSETS-OTHER]                                     737
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           2,662,774,821
[PAYABLE-FOR-SECURITIES]                    25,436,899
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   37,974,406
[TOTAL-LIABILITIES]                         63,411,305
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,137,747,734
[SHARES-COMMON-STOCK]                          757,375
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                   (126,375,833)
[ACCUMULATED-NET-GAINS]                    181,827,478
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   406,164,137
[NET-ASSETS]                             2,599,363,516
[DIVIDEND-INCOME]                           56,374,841
[INTEREST-INCOME]                           22,784,773
[OTHER-INCOME]                               2,226,997
[EXPENSES-NET]                              36,555,268
[NET-INVESTMENT-INCOME]                     44,831,343
[REALIZED-GAINS-CURRENT]                   183,041,217
[APPREC-INCREASE-CURRENT]                   88,232,117
[NET-CHANGE-FROM-OPS]                      316,104,677
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      244,100
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    417,476,828
[NUMBER-OF-SHARES-REDEEMED]                 26,539,686
[SHARES-REINVESTED]                         60,728,442
[NET-CHANGE-IN-ASSETS]                     459,688,336
[ACCUMULATED-NII-PRIOR]                        319,650
[ACCUMULATED-GAINS-PRIOR]                  (1,213,739)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       13,381,076
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             36,555,268
[AVERAGE-NET-ASSETS]                         5,926,892
[PER-SHARE-NAV-BEGIN]                            17.57
[PER-SHARE-NII]                                  00.20
[PER-SHARE-GAIN-APPREC]                          00.32
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.67
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.42
[EXPENSE-RATIO]                                  00.87
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>