[ARTICLE] 6
[CIK] 0000091157
[NAME] SMITH BARNEY FUNDS, INC.
[SERIES]
   [NUMBER] 1
   [NAME] EQUITY INCOME CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1996
[PERIOD-END]                               DEC-31-1996
[INVESTMENTS-AT-COST]                      646,910,228
[INVESTMENTS-AT-VALUE]                     832,004,350
[RECEIVABLES]                                6,793,229
[ASSETS-OTHER]                                     642
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             838,798,221
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,286,555
[TOTAL-LIABILITIES]                          1,286,555
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   632,166,778
[SHARES-COMMON-STOCK]                        7,634,136
[SHARES-COMMON-PRIOR]                        6,752,593
[ACCUMULATED-NII-CURRENT]                      230,075
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                         20,691
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   185,094,122
[NET-ASSETS]                               837,511,666
[DIVIDEND-INCOME]                           20,840,817
[INTEREST-INCOME]                            5,075,103
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               7,690,061
[NET-INVESTMENT-INCOME]                     18,225,859
[REALIZED-GAINS-CURRENT]                    90,148,657
[APPREC-INCREASE-CURRENT]                   10,795,938
[NET-CHANGE-FROM-OPS]                      119,170,454
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,840,389
[DISTRIBUTIONS-OF-GAINS]                    90,660,800
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        432,255
[NUMBER-OF-SHARES-REDEEMED]                    592,793
[SHARES-REINVESTED]                          1,042,081
[NET-CHANGE-IN-ASSETS]                      75,665,829
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,622,817
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              7,465,654
[AVERAGE-NET-ASSETS]                       107,571,177
[PER-SHARE-NAV-BEGIN]                            14.61
[PER-SHARE-NII]                                  00.42
[PER-SHARE-GAIN-APPREC]                          01.99
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        02.20
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.82
[EXPENSE-RATIO]                                  00.64
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>