WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001000077
<NAME> SMITH BARNEY CONCERT ALLOCATION SERIES
<SERIES>
   <NUMBER> 5
   <NAME> HIGH GROWTH PORTFOLIO CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                      301,499,038
<INVESTMENTS-AT-VALUE>                     315,555,587
<RECEIVABLES>                                1,644,082
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                       315,789,412
<TOTAL-ASSETS>                             317,433,494
<PAYABLE-FOR-SECURITIES>                     2,292,392
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      486,679
<TOTAL-LIABILITIES>                          2,779,071
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   297,959,916
<SHARES-COMMON-STOCK>                       11,377,869
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                    5,088,115
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               314,654,423
<DIVIDEND-INCOME>                            4,934,888
<INTEREST-INCOME>                              153,227
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               1,496,232
<NET-INVESTMENT-INCOME>                      3,591,883
<REALIZED-GAINS-CURRENT>                     3,081,396
<APPREC-INCREASE-CURRENT>                   14,056,549
<NET-CHANGE-FROM-OPS>                       20,729,828
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      937,259
<DISTRIBUTIONS-OF-GAINS>                       241,142
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     11,836,415
<NUMBER-OF-SHARES-REDEEMED>                    556,322
<SHARES-REINVESTED>                             97,776
<NET-CHANGE-IN-ASSETS>                     314,554,423
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,496,232
<AVERAGE-NET-ASSETS>                        69,300,644
<PER-SHARE-NAV-BEGIN>                            11.40
<PER-SHARE-NII>                                  00.16
<PER-SHARE-GAIN-APPREC>                          01.43
<PER-SHARE-DIVIDEND>                             00.58
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.41
<EXPENSE-RATIO>                                  01.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>