[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
   [NUMBER] 2
   [NAME] U.S. GOVERNMENT SECURITIES PORTFOLIO, CLASS L
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               JUN-30-1998
[INVESTMENTS-AT-COST]                      332,469,976
[INVESTMENTS-AT-VALUE]                     335,003,944
[RECEIVABLES]                                1,629,135
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             336,633,079
[PAYABLE-FOR-SECURITIES]                    22,578,012
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      282,674
[TOTAL-LIABILITIES]                         22,860,686
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   309,064,727
[SHARES-COMMON-STOCK]                        1,067,135
[SHARES-COMMON-PRIOR]                        1,063,457
[ACCUMULATED-NII-CURRENT]                    8,694,294
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      3,658,676
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (3,255,966)
[NET-ASSETS]                               313,722,393
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           10,163,106
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,304,808
[NET-INVESTMENT-INCOME]                      8,694,294
[REALIZED-GAINS-CURRENT]                     3,658,676
[APPREC-INCREASE-CURRENT]                  (3,255,966)
[NET-CHANGE-FROM-OPS]                        9,097,004
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      423,058
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                         91,346
[NUMBER-OF-SHARES-REDEEMED]                    105,450
[SHARES-REINVESTED]                             17,782
[NET-CHANGE-IN-ASSETS]                     313,772,393
[ACCUMULATED-NII-PRIOR]                     21,650,743
[ACCUMULATED-GAINS-PRIOR]                    5,629,941
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          734,418
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                734,418
[AVERAGE-NET-ASSETS]                        14,379,964
[PER-SHARE-NAV-BEGIN]                            13.60
[PER-SHARE-NII]                                  00.34
[PER-SHARE-GAIN-APPREC]                          00.01
[PER-SHARE-DIVIDEND]                             00.40
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              13.55
[EXPENSE-RATIO]                                  01.27
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>