[ARTICLE] 6
[CIK] 0000888127
[NAME] SMITH BARNEY MUNICIPALS FUND, INC.
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               DEC-31-1998
[INVESTMENTS-AT-COST]                       61,059,432
[INVESTMENTS-AT-VALUE]                      64,630,861
[RECEIVABLES]                                1,284,117
[ASSETS-OTHER]                                 107,235
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              66,022,213
[PAYABLE-FOR-SECURITIES]                     2,107,645
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      281,311
[TOTAL-LIABILITIES]                          2,388,956
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    60,065,398
[SHARES-COMMON-STOCK]                        4,021,162
[SHARES-COMMON-PRIOR]                        4,021,162
[ACCUMULATED-NII-CURRENT]                      (2,914)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                         (656)
[ACCUM-APPREC-OR-DEPREC]                     3,571,429
[NET-ASSETS]                                63,633,257
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            3,690,376
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 551,493
[NET-INVESTMENT-INCOME]                      3,138,883
[REALIZED-GAINS-CURRENT]                       133,568
[APPREC-INCREASE-CURRENT]                       57,136
[NET-CHANGE-FROM-OPS]                        3,329,587
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    3,240,994
[DISTRIBUTIONS-OF-GAINS]                       133,568
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                        (44,975)
[ACCUMULATED-NII-PRIOR]                        (2,350)
[ACCUMULATED-GAINS-PRIOR]                        (656)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          445,553
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                551,493
[AVERAGE-NET-ASSETS]                        63,711,272
[PER-SHARE-NAV-BEGIN]                            15.84
[PER-SHARE-NII]                                  00.78
[PER-SHARE-GAIN-APPREC]                          00.04
[PER-SHARE-DIVIDEND]                             00.81
[PER-SHARE-DISTRIBUTIONS]                        00.03
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              15.82
[EXPENSE-RATIO]                                  00.87
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>