[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES INC.
[SERIES]
   [NUMBER] 2
   [NAME] INCOME PORTFOLIO, CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          JAN-31-1998
[PERIOD-END]                               JAN-31-1998
[INVESTMENTS-AT-COST]                       59,501,083
[INVESTMENTS-AT-VALUE]                      60,614,662
[RECEIVABLES]                                  144,282
[ASSETS-OTHER]                                  13,861
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              60,772,804
[PAYABLE-FOR-SECURITIES]                       321,782
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       54,725
[TOTAL-LIABILITIES]                            376,507
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    58,837,564
[SHARES-COMMON-STOCK]                           58,781
[SHARES-COMMON-PRIOR]                               38
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                        445,154
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     1,113,579
[NET-ASSETS]                                60,396,297
[DIVIDEND-INCOME]                            3,487,638
[INTEREST-INCOME]                               24,141
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 411,096
[NET-INVESTMENT-INCOME]                      3,100,683
[REALIZED-GAINS-CURRENT]                     1,383,417
[APPREC-INCREASE-CURRENT]                      735,161
[NET-CHANGE-FROM-OPS]                        5,219,261
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                       27,704
[DISTRIBUTIONS-OF-GAINS]                        14,301
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        816,265
[NUMBER-OF-SHARES-REDEEMED]                     42,003
[SHARES-REINVESTED]                            165,113
[NET-CHANGE-IN-ASSETS]                      22,665,834
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                      441,634
[OVERDISTRIB-NII-PRIOR]                          5,395
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          138,136
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                411,096
[AVERAGE-NET-ASSETS]                           369,222
[PER-SHARE-NAV-BEGIN]                            11.53
[PER-SHARE-NII]                                  00.84
[PER-SHARE-GAIN-APPREC]                          00.49
[PER-SHARE-DIVIDEND]                             00.82
[PER-SHARE-DISTRIBUTIONS]                        00.29
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.76
[EXPENSE-RATIO]                                  00.35
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>