[ARTICLE] 6
[CIK] 0000841489
[NAME] SMITH BARNEY PRINCIPAL RETURN FUND.
[SERIES]
   [NUMBER] 1
   [NAME] ZEROS PLUS EMERGING GROWTH SERIES 2000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          NOV-30-1996
[PERIOD-END]                               NOV-30-1996
[INVESTMENTS-AT-COST]                       50,739,805
[INVESTMENTS-AT-VALUE]                      65,916,929
[RECEIVABLES]                                        0
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              65,916,929
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      484,852
[TOTAL-LIABILITIES]                            484,852
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    49,893,613
[SHARES-COMMON-STOCK]                        7,579,650
[SHARES-COMMON-PRIOR]                        8,253,332
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                        (88,928)
[ACCUMULATED-NET-GAINS]                        450,268
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    15,177,124
[NET-ASSETS]                                65,432,077
[DIVIDEND-INCOME]                               12,000
[INTEREST-INCOME]                            2,953,246
[OTHER-INCOME]                               2,965,246
[EXPENSES-NET]                                 773,950
[NET-INVESTMENT-INCOME]                      2,191,296
[REALIZED-GAINS-CURRENT]                     1,363,972
[APPREC-INCREASE-CURRENT]                  (2,664,005)
[NET-CHANGE-FROM-OPS]                          891,263
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    4,406,146
[DISTRIBUTIONS-OF-GAINS]                     1,589,632
[DISTRIBUTIONS-OTHER]                        5,995,778
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                  1,335,970
[SHARES-REINVESTED]                            662,288
[NET-CHANGE-IN-ASSETS]                    (11,131,102)
[ACCUMULATED-NII-PRIOR]                      2,125,922
[ACCUMULATED-GAINS-PRIOR]                      675,928
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                              279
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                    279
[AVERAGE-NET-ASSETS]                        69,644,866
[PER-SHARE-NAV-BEGIN]                             9.20
[PER-SHARE-NII]                                   0.30
[PER-SHARE-GAIN-APPREC]                         (0.16)
[PER-SHARE-DIVIDEND]                              0.57
[PER-SHARE-DISTRIBUTIONS]                         0.22
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.63
[EXPENSE-RATIO]                                   1.11
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>