[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
   [NUMBER] 8
   [NAME] SMITH BARNEY HIGH INCOME BOND FUND, CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JUL-31-1997
[PERIOD-END]                               JAN-31-1997
[INVESTMENTS-AT-COST]                    1,074,869,422
[INVESTMENTS-AT-VALUE]                   1,118,406,725
[RECEIVABLES]                               52,271,068
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,170,677,793
[PAYABLE-FOR-SECURITIES]                     8,926,336
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    9,828,205
[TOTAL-LIABILITIES]                         18,754,541
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,346,069,167
[SHARES-COMMON-STOCK]                            8,578
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                   58,811,679
[OVERDISTRIBUTION-NII]                       1,236,017
[ACCUMULATED-NET-GAINS]                        833,974
[OVERDISTRIBUTION-GAINS]                 (238,919,160)
[ACCUM-APPREC-OR-DEPREC]                    43,537,228
[NET-ASSETS]                             1,151,923,252
[DIVIDEND-INCOME]                            2,845,115
[INTEREST-INCOME]                           55,966,564
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               7,190,620
[NET-INVESTMENT-INCOME]                     51,621,059
[REALIZED-GAINS-CURRENT]                       833,974
[APPREC-INCREASE-CURRENT]                   48,053,265
[NET-CHANGE-FROM-OPS]                      100,508,298
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      258,751
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                            846
[NUMBER-OF-SHARES-REDEEMED]                    666,461
[SHARES-REINVESTED]                             22,771
[NET-CHANGE-IN-ASSETS]                     187,548,233
[ACCUMULATED-NII-PRIOR]                     84,120,788
[ACCUMULATED-GAINS-PRIOR]                    5,895,839
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        3,803,731
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              7,190,620
[AVERAGE-NET-ASSETS]                         5,357,349
[PER-SHARE-NAV-BEGIN]                            10.99
[PER-SHARE-NII]                                  00.56
[PER-SHARE-GAIN-APPREC]                          00.52
[PER-SHARE-DIVIDEND]                             00.55
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.52
[EXPENSE-RATIO]                                  00.74
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>