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> 4
   <NAME> GROWTH PORTFOLIO CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JAN-31-1997
<PERIOD-END>                               JAN-31-1997
<INVESTMENTS-AT-COST>                      389,223,004
<INVESTMENTS-AT-VALUE>                     403,949,050
<RECEIVABLES>                                3,949,338
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               123
<TOTAL-ASSETS>                             407,898,511
<PAYABLE-FOR-SECURITIES>                     3,647,741
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      505,675
<TOTAL-LIABILITIES>                          4,153,416
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   382,996,064
<SHARES-COMMON-STOCK>                       17,154,346
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                   10,498,109
<OVERDISTRIBUTION-NII>                         541,947
<ACCUMULATED-NET-GAINS>                      3,809,172
<OVERDISTRIBUTION-GAINS>                     3,481,038
<ACCUM-APPREC-OR-DEPREC>                    16,726,046
<NET-ASSETS>                               403,745,095
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                              10,326,609
<EXPENSES-NET>                               2,050,254
<NET-INVESTMENT-INCOME>                      8,447,855
<REALIZED-GAINS-CURRENT>                     3,809,172
<APPREC-INCREASE-CURRENT>                   16,726,046
<NET-CHANGE-FROM-OPS>                       28,983,073
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    3,556,082
<DISTRIBUTIONS-OF-GAINS>                       171,534
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     17,577,354
<NUMBER-OF-SHARES-REDEEMED>                    727,849
<SHARES-REINVESTED>                            304,841
<NET-CHANGE-IN-ASSETS>                     403,745,095
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,050,254
<AVERAGE-NET-ASSETS>                       104,070,936
<PER-SHARE-NAV-BEGIN>                            11.40
<PER-SHARE-NII>                                  00.23
<PER-SHARE-GAIN-APPREC>                          00.94
<PER-SHARE-DIVIDEND>                             00.22
<PER-SHARE-DISTRIBUTIONS>                        00.02
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              12.33
<EXPENSE-RATIO>                                  01.35
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>