[ARTICLE] 6
[CIK] 0000841489
[NAME] SMITH BARNEY PRINCIPAL RETURN FUND
[SERIES]
   [NUMBER] 2
   [NAME] SERIES 98
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          NOV-30-1997
[PERIOD-END]                               MAY-31-1997
[INVESTMENTS-AT-COST]                       75,105,003
[INVESTMENTS-AT-VALUE]                      88,767,030
[RECEIVABLES]                                   78,878
[ASSETS-OTHER]                                     199
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              88,846,107
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       84,443
[TOTAL-LIABILITIES]                             84,443
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    69,463,119
[SHARES-COMMON-STOCK]                           11,207
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                    2,049,254
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      3,575,977
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    13,662,027
[NET-ASSETS]                                88,761,664
[DIVIDEND-INCOME]                              330,538
[INTEREST-INCOME]                            2,262,546
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 431,281
[NET-INVESTMENT-INCOME]                      2,161,803
[REALIZED-GAINS-CURRENT]                     3,541,101
[APPREC-INCREASE-CURRENT]                  (1,081,024)
[NET-CHANGE-FROM-OPS]                        4,621,880
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                  1,260,065
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                     (9,652,950)
[ACCUMULATED-NII-PRIOR]                    (9,107,488)
[ACCUMULATED-GAINS-PRIOR]                  (5,316,894)
[OVERDISTRIB-NII-PRIOR]                      (122,549)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          225,237
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                225,237
[AVERAGE-NET-ASSETS]                        90,414,093
[PER-SHARE-NAV-BEGIN]                             7.52
[PER-SHARE-NII]                                   0.19
[PER-SHARE-GAIN-APPREC]                           0.21
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.92
[EXPENSE-RATIO]                                   0.96
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>