<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000841489
<NAME> SMITH BARNEY PRINCIPAL RETURN FUND
<SERIES>
   <NUMBER> 2
   <NAME> ZEROS AND APPRECIATION SERIES 1998
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               NOV-30-1996
<INVESTMENTS-AT-COST>                       79,183,514
<INVESTMENTS-AT-VALUE>                      93,926,565
<RECEIVABLES>                                   78,341
<ASSETS-OTHER>                              93,927,414
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              94,005,755
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                            0
<TOTAL-LIABILITIES>                            213,022
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    79,127,356
<SHARES-COMMON-STOCK>                       12,466,750
<SHARES-COMMON-PRIOR>                       12,449,695
<ACCUMULATED-NII-CURRENT>                    8,994,940
<OVERDISTRIBUTION-NII>                       (446,834)
<ACCUMULATED-NET-GAINS>                      5,351,770
<OVERDISTRIBUTION-GAINS>                       369,162
<ACCUM-APPREC-OR-DEPREC>                    14,743,051
<NET-ASSETS>                                93,792,734
<DIVIDEND-INCOME>                              674,054
<INTEREST-INCOME>                               66,937
<OTHER-INCOME>                               4,583,546
<EXPENSES-NET>                                 901,911
<NET-INVESTMENT-INCOME>                      4,422,626
<REALIZED-GAINS-CURRENT>                     4,226,911
<APPREC-INCREASE-CURRENT>                    1,204,551
<NET-CHANGE-FROM-OPS>                        9,854,088
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (9,107,488)
<DISTRIBUTIONS-OF-GAINS>                   (5,316,894)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                (1,821,367)
<SHARES-REINVESTED>                          1,838,422
<NET-CHANGE-IN-ASSETS>                               0
<ACCUMULATED-NII-PRIOR>                      4,572,313
<ACCUMULATED-GAINS-PRIOR>                    1,124,859
<OVERDISTRIB-NII-PRIOR>                    (4,572,313)
<OVERDIST-NET-GAINS-PRIOR>                 (1,124,859)
<GROSS-ADVISORY-FEES>                          284,126
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                899,736
<AVERAGE-NET-ASSETS>                        99,697,204
<PER-SHARE-NAV-BEGIN>                             7.91
<PER-SHARE-NII>                                   0.38
<PER-SHARE-GAIN-APPREC>                           0.45
<PER-SHARE-DIVIDEND>                              0.78
<PER-SHARE-DISTRIBUTIONS>                         0.44
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.52
<EXPENSE-RATIO>                                   0.95
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>