[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES INC.
[SERIES]
   [NUMBER] 2
   [NAME] INCOME PORTFOLIO, CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JAN-31-1999
[PERIOD-END]                               JUL-31-1998
[INVESTMENTS-AT-COST]                       68,370,033
[INVESTMENTS-AT-VALUE]                      69,184,334
[RECEIVABLES]                                   66,613
[ASSETS-OTHER]                                     642
[OTHER-ITEMS-ASSETS]                        69,184,334
[TOTAL-ASSETS]                              69,251,589
[PAYABLE-FOR-SECURITIES]                       246,495
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      784,532
[TOTAL-LIABILITIES]                          1,031,027
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    67,371,148
[SHARES-COMMON-STOCK]                          123,605
[SHARES-COMMON-PRIOR]                           58,781
[ACCUMULATED-NII-CURRENT]                    1,876,570
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     (299,278)
[NET-ASSETS]                                68,220,562
[DIVIDEND-INCOME]                            2,104,844
[INTEREST-INCOME]                               28,061
[OTHER-INCOME]                                  16,071
[EXPENSES-NET]                                 272,406
[NET-INVESTMENT-INCOME]                      1,876,570
[REALIZED-GAINS-CURRENT]                        92,492
[APPREC-INCREASE-CURRENT]                    (299,278)
[NET-CHANGE-FROM-OPS]                        1,669,784
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                       34,096
[DISTRIBUTIONS-OF-GAINS]                         9,422
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                         65,378
[NUMBER-OF-SHARES-REDEEMED]                      2,778
[SHARES-REINVESTED]                              2,224
[NET-CHANGE-IN-ASSETS]                       1,669,784
[ACCUMULATED-NII-PRIOR]                      3,100,683
[ACCUMULATED-GAINS-PRIOR]                    1,383,417
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                                0
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                272,406
[AVERAGE-NET-ASSETS]                         1,009,309
[PER-SHARE-NAV-BEGIN]                            11.75
[PER-SHARE-NII]                                  00.35
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.47
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.63
[EXPENSE-RATIO]                                  00.35
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>