[ARTICLE] 6
[CIK] 0000089558
[NAME] SMITH BARNEY APPRECIATION FUND INC. CLASS A
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               DEC-31-1997
[INVESTMENTS-AT-COST]                    2,926,507,966
[INVESTMENTS-AT-VALUE]                   4,242,923,442
[RECEIVABLES]                               14,941,440
[ASSETS-OTHER]                                  15,681
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           4,259,880,563
[PAYABLE-FOR-SECURITIES]                    14,266,445
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    8,835,378
[TOTAL-LIABILITIES]                         23,101,823
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,842,435,818
[SHARES-COMMON-STOCK]                      181,451,832
[SHARES-COMMON-PRIOR]                      163,392,466
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,964,848
[ACCUMULATED-NET-GAINS]                     73,962,598
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                 1,316,415,476
[NET-ASSETS]                             4,234,778,740
[DIVIDEND-INCOME]                           62,311,249
[INTEREST-INCOME]                           33,623,647
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              47,394,092
[NET-INVESTMENT-INCOME]                     48,540,804
[REALIZED-GAINS-CURRENT]                   541,703,300
[APPREC-INCREASE-CURRENT]                  307,655,353
[NET-CHANGE-FROM-OPS]                      849,358,653
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,204,098
[DISTRIBUTIONS-OF-GAINS]                     9,807,550
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     17,513,526
[NUMBER-OF-SHARES-REDEEMED]                 24,395,501
[SHARES-REINVESTED]                         24,941,341
[NET-CHANGE-IN-ASSETS]                     446,488,191
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                   81,727,277
[OVERDISTRIB-NII-PRIOR]                          6,493
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       23,133,933
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             47,012,287
[AVERAGE-NET-ASSETS]                     2,347,369,894
[PER-SHARE-NAV-BEGIN]                            12.85
[PER-SHARE-NII]                                  00.19
[PER-SHARE-GAIN-APPREC]                          03.17
[PER-SHARE-DIVIDEND]                             00.20
[PER-SHARE-DISTRIBUTIONS]                        02.09
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              13.92
[EXPENSE-RATIO]                                  00.95
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>