[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES INC.
[SERIES]
   [NUMBER] 3
   [NAME] CONSERVATIVE PORTFOLIO, CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          JAN-31-1998
[PERIOD-END]                               JAN-31-1998
[INVESTMENTS-AT-COST]                      105,092,055
[INVESTMENTS-AT-VALUE]                     106,206,072
[RECEIVABLES]                                  305,261
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                            28,079
[TOTAL-ASSETS]                             106,539,412
[PAYABLE-FOR-SECURITIES]                       561,593
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      137,144
[TOTAL-LIABILITIES]                            698,737
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   102,394,149
[SHARES-COMMON-STOCK]                           52,431
[SHARES-COMMON-PRIOR]                               89
[ACCUMULATED-NII-CURRENT]                      425,584
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      1,906,925
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     1,114,017
[NET-ASSETS]                               105,840,675
[DIVIDEND-INCOME]                            5,721,147
[INTEREST-INCOME]                               53,054
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 725,070
[NET-INVESTMENT-INCOME]                      5,049,131
[REALIZED-GAINS-CURRENT]                     4,203,421
[APPREC-INCREASE-CURRENT]                     (16,667)
[NET-CHANGE-FROM-OPS]                        9,235,885
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                       22,992
[DISTRIBUTIONS-OF-GAINS]                        18,586
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                         70,965
[NUMBER-OF-SHARES-REDEEMED]                     22,043
[SHARES-REINVESTED]                              3,420
[NET-CHANGE-IN-ASSETS]                      42,935,298
[ACCUMULATED-NII-PRIOR]                         50,761
[ACCUMULATED-GAINS-PRIOR]                      948,951
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          242,153
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                725,070
[AVERAGE-NET-ASSETS]                           338,588
[PER-SHARE-NAV-BEGIN]                            11.90
[PER-SHARE-NII]                                  00.84
[PER-SHARE-GAIN-APPREC]                          00.56
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.13
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.17
[EXPENSE-RATIO]                                  00.35
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>