[ARTICLE] 6
[CIK] 0000748826
[NAME] SMITH BARNEY MANAGED GOVERNMENTS FUND INC. CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JUL-31-1997
[PERIOD-END]                               JAN-31-1997
[INVESTMENTS-AT-COST]                      609,105,161
[INVESTMENTS-AT-VALUE]                     620,319,315
[RECEIVABLES]                                  341,322
[ASSETS-OTHER]                               5,010,168
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              62,567,005
[PAYABLE-FOR-SECURITIES]                        49,213
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   33,152,405
[TOTAL-LIABILITIES]                         33,201,618
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   649,067,224
[SHARES-COMMON-STOCK]                        4,550,224
[SHARES-COMMON-PRIOR]                        2,219,224
[ACCUMULATED-NII-CURRENT]                    1,069,518
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                   (66,790,151)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    11,214,154
[NET-ASSETS]                               592,469,187
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           22,023,371
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               3,320,697
[NET-INVESTMENT-INCOME]                     18,702,674
[REALIZED-GAINS-CURRENT]                     2,864,143
[APPREC-INCREASE-CURRENT]                    8,167,957
[NET-CHANGE-FROM-OPS]                       29,734,774
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,568,325
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      2,331,000
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                      (1,386,938)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                         (3,500)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        1,391,902
[INTEREST-EXPENSE]                             439,005
[GROSS-EXPENSE]                              1,489,790
[AVERAGE-NET-ASSETS]                        43,466,977
[PER-SHARE-NAV-BEGIN]                            12.27
[PER-SHARE-NII]                                  00.44
[PER-SHARE-GAIN-APPREC]                          00.21
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.48
[EXPENSE-RATIO]                                  00.64
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>