<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000841489
<NAME> SMITH BARNEY PRINCIPAL RETURN FUND.
<SERIES>
   <NUMBER> 4
   <NAME> SECURITY AND GROWTH
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                      222,220,195
<INVESTMENTS-AT-VALUE>                     246,071,176
<RECEIVABLES>                                  737,961
<ASSETS-OTHER>                                  48,943
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             246,858,080
<PAYABLE-FOR-SECURITIES>                     2,137,500
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      713,977
<TOTAL-LIABILITIES>                          2,851,477
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   218,383,511
<SHARES-COMMON-STOCK>                       23,868,390
<SHARES-COMMON-PRIOR>                       29,017,588
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                     (2,022,857)
<ACCUMULATED-NET-GAINS>                      3,681,287
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                    23,964,662
<NET-ASSETS>                               244,006,603
<DIVIDEND-INCOME>                              174,000
<INTEREST-INCOME>                           10,271,675
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,669,108
<NET-INVESTMENT-INCOME>                      7,776,567
<REALIZED-GAINS-CURRENT>                    23,439,739
<APPREC-INCREASE-CURRENT>                  (2,101,994)
<NET-CHANGE-FROM-OPS>                       29,114,312
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   18,091,477
<DISTRIBUTIONS-OF-GAINS>                    19,663,133
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                  8,683,354
<SHARES-REINVESTED>                          3,534,156
<NET-CHANGE-IN-ASSETS>                    (65,815,513)
<ACCUMULATED-NII-PRIOR>                      8,292,053
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    (95,319)
<GROSS-ADVISORY-FEES>                          824,328
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              2,669,108
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            10.68
<PER-SHARE-NII>                                  00.33
<PER-SHARE-GAIN-APPREC>                          00.82
<PER-SHARE-DIVIDEND>                             00.70
<PER-SHARE-DISTRIBUTIONS>                        00.91
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              10.22
<EXPENSE-RATIO>                                  00.99
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>