[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
   [NUMBER] 4
   [NAME] SHORT-TERM HIGH GRADE BOND FUND, CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               JUN-30-1998
[INVESTMENTS-AT-COST]                      100,304,093
[INVESTMENTS-AT-VALUE]                     101,162,070
[RECEIVABLES]                                1,148,380
[ASSETS-OTHER]                                     490
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              12,310,940
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      289,470
[TOTAL-LIABILITIES]                            289,470
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   108,064,746
[SHARES-COMMON-STOCK]                        8,994,979 
[SHARES-COMMON-PRIOR]                        7,276,295
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                    (6,901,253)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                       857,977
[NET-ASSETS]                               102,021,470
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            3,073,495
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 431,259
[NET-INVESTMENT-INCOME]                      2,642,236
[REALIZED-GAINS-CURRENT]                           813
[APPREC-INCREASE-CURRENT]                      111,659
[NET-CHANGE-FROM-OPS]                        2,754,708
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      917,367
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,718,684
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                         874,630
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                  (6,902,066)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          227,689
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                431,259
[AVERAGE-NET-ASSETS]                        33,639,110
[PER-SHARE-NAV-BEGIN]                             4.09
[PER-SHARE-NII]                                   0.11
[PER-SHARE-GAIN-APPREC]                           0.01
[PER-SHARE-DIVIDEND]                              0.11
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               4.10
[EXPENSE-RATIO]                                   0.54
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>