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> 1
   <NAME> CONCERT SOCIAL AWARENESS FUND, CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-1998
<PERIOD-END>                               JAN-31-1998
<INVESTMENTS-AT-COST>                      282,866,911
<INVESTMENTS-AT-VALUE>                     377,734,430
<RECEIVABLES>                               12,091,214
<ASSETS-OTHER>                                     554
<OTHER-ITEMS-ASSETS>                        21,934,000
<TOTAL-ASSETS>                             411,760,198
<PAYABLE-FOR-SECURITIES>                     7,625,269
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   22,600,469
<TOTAL-LIABILITIES>                         30,225,738
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   283,369,989
<SHARES-COMMON-STOCK>                        8,343,093
<SHARES-COMMON-PRIOR>                       10,433,620
<ACCUMULATED-NII-CURRENT>                       21,900
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      3,275,052
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    94,867,519
<NET-ASSETS>                               381,534,460
<DIVIDEND-INCOME>                            2,814,860
<INTEREST-INCOME>                           10,303,048
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               5,818,397
<NET-INVESTMENT-INCOME>                      7,359,457
<REALIZED-GAINS-CURRENT>                    27,912,262
<APPREC-INCREASE-CURRENT>                   30,386,758
<NET-CHANGE-FROM-OPS>                       65,658,477
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    3,465,658
<DISTRIBUTIONS-OF-GAINS>                    15,734,587
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                      1,152,327
<NUMBER-OF-SHARES-REDEEMED>                  4,134,755
<SHARES-REINVESTED>                            891,901
<NET-CHANGE-IN-ASSETS>                     (3,277,191)
<ACCUMULATED-NII-PRIOR>                      1,049,534
<ACCUMULATED-GAINS-PRIOR>                    9,728,035
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,036,365
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              5,818,397
<AVERAGE-NET-ASSETS>                       178,316,259
<PER-SHARE-NAV-BEGIN>                            19.42
<PER-SHARE-NII>                                  00.33
<PER-SHARE-GAIN-APPREC>                          03.27
<PER-SHARE-DIVIDEND>                             00.40
<PER-SHARE-DISTRIBUTIONS>                        01.99
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              20.63
<EXPENSE-RATIO>                                  01.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>