[ARTICLE] 6
[CIK] 0000764624
[NAME] SMITH BARNEY INCOME FUNDS
[SERIES]
   [NUMBER] 9
   [NAME] SMITH BARNEY BALANCED FUND, CLASS A
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          JUL-31-1998
[PERIOD-END]                               JUL-31-1998
[INVESTMENTS-AT-COST]                    1,074,319,164
[INVESTMENTS-AT-VALUE]                   1,107,265,953
[RECEIVABLES]                               21,041,296
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                        98,231,361
[TOTAL-ASSETS]                           1,226,538,610
[PAYABLE-FOR-SECURITIES]                    86,700,858
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   99,813,571
[TOTAL-LIABILITIES]                        186,514,429
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   784,912,614
[SHARES-COMMON-STOCK]                       16,874,588
[SHARES-COMMON-PRIOR]                       16,000,118
[ACCUMULATED-NII-CURRENT]                       73,401
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                    222,106,519
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    32,931,647
[NET-ASSETS]                             1,040,024,181
[DIVIDEND-INCOME]                           27,402,427
[INTEREST-INCOME]                           33,709,044
[OTHER-INCOME]                              61,111,471
[EXPENSES-NET]                              15,867,294
[NET-INVESTMENT-INCOME]                     45,244,177
[REALIZED-GAINS-CURRENT]                   253,609,314
[APPREC-INCREASE-CURRENT]                (125,861,240)
[NET-CHANGE-FROM-OPS]                      172,992,251
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   11,026,424
[DISTRIBUTIONS-OF-GAINS]                    13,177,093
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      4,158,346
[NUMBER-OF-SHARES-REDEEMED]                  4,466,979
[SHARES-REINVESTED]                          1,183,103
[NET-CHANGE-IN-ASSETS]                   (207,397,260)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                   24,563,550
[OVERDISTRIB-NII-PRIOR]                          3,238
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        5,097,517
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             15,867,294
[AVERAGE-NET-ASSETS]                       266,775,240
[PER-SHARE-NAV-BEGIN]                            15.53
[PER-SHARE-NII]                                  00.70
[PER-SHARE-GAIN-APPREC]                          01.80
[PER-SHARE-DIVIDEND]                             00.68
[PER-SHARE-DISTRIBUTIONS]                        00.83
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              16.52
[EXPENSE-RATIO]                                  01.05
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>