SMITH BARNEY INVESTMENT TRUST
SMITH BARNEY LARGE CAPITALIZATION GROWTH FUND
CLASS [ ] SHARES
INCORPORATED UNDER THE LAWS OF THE STATE OF MASSACHUSETTS

ACCOUNT NO.						CUSIP

THIS IS TO CERTIFY THAT

IS THE OWNER OF

FULLY PAID AND NON-ASSESSABLE CLASS B SHARES OF BENEFICIAL INTEREST
OF THE PAR VALUE OF $0.1 EACH OF SMITH BARNEY LARGE CAPITALIZATION GROWTH FUND

("the Trust") transferable on the books of the Trust by the holder hereof in 
person or by duly authorized attorney, upon surrender of this certificate 
properly endorsed.  This certificate is not valid until countersigned by the 
Transfer Agent.

WITNESS the facsimile Seal of the Trust and the facsimile signatures of its 
duly authorized officers.

DATED


____________________				______________________
CHAIRMAN					SECRETARY

						Countersigned and Registered:
						FIRST DATA INVESTORS SERVICES GROUP, INC.
						a subsidiary of First Data Corporation 
Transfer Agent
						(Boston, Massachusetts)

						BY______________________
						     AUTHORIZED SIGNATURE




	The following abbreviations, when used in the inscription on the face of 
this certificate, shall be construed as though they were written out in full 
according to applicable laws or regulations.


TEN COM    -	as tenants in common		UNIF GIFT MIN ACT - 
 ...........Custodian...............
									(Cust)                  
(Minor)
TEN ENT     -	as tenants by the entireties			         	        
under Uniform Gifts to Minors

JT TEN	       -	as joint tenants with right 				
	Act.....................................
                	of survivorship and not as                     			
	(State)
                	tenants in common

		Additional abbreviations may also be used though not in the above 
list.

	For value received, ________________________________________ hereby 
sell, assign and transfer unto

 PLEASE INSERT SOCIAL SECURITY OR OTHER
      IDENTIFYING NUMBER OF ASSIGNEE





	PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS INCLUDING POSTAL ZIP CODE OF 
ASSIGNEE





											Class B 
Shares
of the beneficial interest represented by the within Certificate, and do 
hereby irrevocable constitute and appoint

											Attorney
to transfer the said shares on the books of the within-named Trust with full 
power of substitution in the premises.


Dated: 


							NOTICE:  The signature to this 
assignment must correspond with the 						
	name as written upon the face of the Certificate, in every particular, 	
							without alteration or enlargement, 
or any change whatever.




The Trust is authorized to issue two or more classes of beneficial interest.  
The Trust will furnish to any stockholder on request and without charge a full 
statement of the designation and any preferences, conversion and other rights, 
voting powers, restrictions, limitations as to dividends, qualifications and 
terms and conditions of redemption of the beneficial interest of each class 
which the Trust is authorized to issue and, if the Trust is authorized to 
issue any preferred or special class in series, of the differences in the 
relative rights and preferences between the shares of each series to the 
extent they have been set and the authority of the Board of Directors to set 
the relative rights and preferences of subsequent series.