[ARTICLE] 6
[CIK] 0000841489
[NAME] SMITH BARNEY PRINCIPAL RETURN FUND
[SERIES]
   [NUMBER] 2
   [NAME] ZEROS AND APPRECIATION SERIES 1998
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          NOV-30-1996
[PERIOD-END]                               NOV-30-1996
[INVESTMENTS-AT-COST]                       79,183,514
[INVESTMENTS-AT-VALUE]                      93,926,565
[RECEIVABLES]                                   78,341
[ASSETS-OTHER]                              93,927,414
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              94,005,755
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                            0
[TOTAL-LIABILITIES]                            213,022
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    79,127,356
[SHARES-COMMON-STOCK]                       12,466,750
[SHARES-COMMON-PRIOR]                       12,449,695
[ACCUMULATED-NII-CURRENT]                    8,994,940
[OVERDISTRIBUTION-NII]                       (446,834)
[ACCUMULATED-NET-GAINS]                      5,351,770
[OVERDISTRIBUTION-GAINS]                       369,162
[ACCUM-APPREC-OR-DEPREC]                    14,743,051
[NET-ASSETS]                                93,792,734
[DIVIDEND-INCOME]                              674,054
[INTEREST-INCOME]                               66,937
[OTHER-INCOME]                               4,583,546
[EXPENSES-NET]                                 901,911
[NET-INVESTMENT-INCOME]                      4,422,626
[REALIZED-GAINS-CURRENT]                     4,226,911
[APPREC-INCREASE-CURRENT]                    1,204,551
[NET-CHANGE-FROM-OPS]                        9,854,088
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                  (9,107,488)
[DISTRIBUTIONS-OF-GAINS]                   (5,316,894)
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                (1,821,367)
[SHARES-REINVESTED]                          1,838,422
[NET-CHANGE-IN-ASSETS]                               0
[ACCUMULATED-NII-PRIOR]                      4,572,313
[ACCUMULATED-GAINS-PRIOR]                    1,124,859
[OVERDISTRIB-NII-PRIOR]                    (4,572,313)
[OVERDIST-NET-GAINS-PRIOR]                 (1,124,859)
[GROSS-ADVISORY-FEES]                          284,126
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                899,736
[AVERAGE-NET-ASSETS]                        99,697,204
[PER-SHARE-NAV-BEGIN]                             7.91
[PER-SHARE-NII]                                   0.38
[PER-SHARE-GAIN-APPREC]                           0.45
[PER-SHARE-DIVIDEND]                              0.78
[PER-SHARE-DISTRIBUTIONS]                         0.44
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.52
[EXPENSE-RATIO]                                   0.95
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>