WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000355747
<NAME> SMITH BARNEY INVESTMENT FUNDS INC.
<SERIES>
   <NUMBER> 1
   <NAME> SMITH BARNEY HANSBERGER GLOBAL VALUE FUND. CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          APR-30-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                      140,134,390
<INVESTMENTS-AT-VALUE>                     148,493,099
<RECEIVABLES>                                8,931,487
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               282
<TOTAL-ASSETS>                             157,424,868
<PAYABLE-FOR-SECURITIES>                    16,733,346
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      213,127
<TOTAL-LIABILITIES>                         16,946,473
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   131,742,581
<SHARES-COMMON-STOCK>                        3,513,268
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                      510,503
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (150,225)
<ACCUM-APPREC-OR-DEPREC>                     8,375,536
<NET-ASSETS>                               140,478,395
<DIVIDEND-INCOME>                              513,175
<INTEREST-INCOME>                              246,503
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 654,010
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<REALIZED-GAINS-CURRENT>                       200,904
<APPREC-INCREASE-CURRENT>                    8,375,536
<NET-CHANGE-FROM-OPS>                        8,779,373
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       47,618
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                     41,419,420
<NUMBER-OF-SHARES-REDEEMED>                    599,114
<SHARES-REINVESTED>                             45,877
<NET-CHANGE-IN-ASSETS>                     140,478,395
<ACCUMULATED-NII-PRIOR>                              0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                654,010
<AVERAGE-NET-ASSETS>                        36,042,015
<PER-SHARE-NAV-BEGIN>                            11.40
<PER-SHARE-NII>                                  00.02
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<PER-SHARE-DIVIDEND>                             00.02
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<EXPENSE-RATIO>                                  02.48
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>