[ARTICLE] 6
[CIK] 0000787514
[NAME] SMITH BARNEY EQUITY FUNDS
[SERIES]
   [NUMBER] 2
   [NAME] GROWTH AND INCOME, CLASS B
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JAN-31-1998
[PERIOD-END]                               JUL-31-1997
[INVESTMENTS-AT-COST]                      278,377,475
[INVESTMENTS-AT-VALUE]                     434,727,783
[RECEIVABLES]                                  677,740
[ASSETS-OTHER]                                  41,287
[OTHER-ITEMS-ASSETS]                           581,579
[TOTAL-ASSETS]                             436,028,389
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      323,755
[TOTAL-LIABILITIES]                            323,755
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   271,954,228
[SHARES-COMMON-STOCK]                        9,485,623
[SHARES-COMMON-PRIOR]                        9,575,491
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         362,418
[ACCUMULATED-NET-GAINS]                      7,736,428
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   156,350,308
[NET-ASSETS]                               435,704,634
[DIVIDEND-INCOME]                            3,782,602
[INTEREST-INCOME]                              890,386
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               2,223,637
[NET-INVESTMENT-INCOME]                      2,428,958
[REALIZED-GAINS-CURRENT]                     5,616,255
[APPREC-INCREASE-CURRENT]                   55,838,873
[NET-CHANGE-FROM-OPS]                       63,884,086
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      695,539
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,147,489
[NUMBER-OF-SHARES-REDEEMED]                  1,277,137
[SHARES-REINVESTED]                             39,780
[NET-CHANGE-IN-ASSETS]                     (2,572,301)
[ACCUMULATED-NII-PRIOR]                    (3,848,619)
[ACCUMULATED-GAINS-PRIOR]                  (4,202,531)
[OVERDISTRIB-NII-PRIOR]                      (219,075)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,213,242
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,213,242
[AVERAGE-NET-ASSETS]                           141,699
[PER-SHARE-NAV-BEGIN]                            14.33
[PER-SHARE-NII]                                  00.07
[PER-SHARE-GAIN-APPREC]                          02.37
[PER-SHARE-DIVIDEND]                             00.07
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              16.70
[EXPENSE-RATIO]                                  01.59
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>