[ARTICLE] 6
[CIK] 0000841489
[NAME] SMITH BARNEY PRINCIPAL RETURN FUND
[SERIES]
   [NUMBER] 4
   [NAME] SECURITY AND GROWTH
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          NOV-30-1997
[PERIOD-END]                               MAY-31-1997
[INVESTMENTS-AT-COST]                      193,067,634
[INVESTMENTS-AT-VALUE]                     207,030,988
[RECEIVABLES]                                  519,584
[ASSETS-OTHER]                                     478
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             207,551,050
[PAYABLE-FOR-SECURITIES]                         7,365
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      418,865
[TOTAL-LIABILITIES]                            426,230
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   179,867,629
[SHARES-COMMON-STOCK]                       20,082,148
[SHARES-COMMON-PRIOR]                       23,868,390
[ACCUMULATED-NII-CURRENT]                    2,679,075
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     10,614,762
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    13,963,354
[NET-ASSETS]                               207,124,820
[DIVIDEND-INCOME]                               86,000
[INTEREST-INCOME]                            3,808,803
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,023,357
[NET-INVESTMENT-INCOME]                      2,871,446
[REALIZED-GAINS-CURRENT]                     8,763,961
[APPREC-INCREASE-CURRENT]                 (10,001,308)
[NET-CHANGE-FROM-OPS]                        1,634,099
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                  3,786,242
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                    (36,881,783)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                    1,850,801
[OVERDISTRIB-NII-PRIOR]                      (192,371)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          556,674
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,023,357
[AVERAGE-NET-ASSETS]                       223,723,465
[PER-SHARE-NAV-BEGIN]                            10.22
[PER-SHARE-NII]                                  00.14
[PER-SHARE-GAIN-APPREC]                         (0.05)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              10.31
[EXPENSE-RATIO]                                  00.92
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>