WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001000077
<NAME> SMITH BARNEY CONCERT ALLOCATION SERIES INC.
<SERIES>
   <NUMBER> 3
   <NAME> CONSERVATIVE PORTFOLIO. CLASS L

<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          JAN-31-2000
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                      152,237,872
<INVESTMENTS-AT-VALUE>                     150,016,046
<RECEIVABLES>                                  672,237
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             150,688,283
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    2,639,485
<TOTAL-LIABILITIES>                          2,639,485
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   149,321,749
<SHARES-COMMON-STOCK>                          607,718
<SHARES-COMMON-PRIOR>                          573,764
<ACCUMULATED-NII-CURRENT>                      594,224
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        354,651
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   (2,221,826)
<NET-ASSETS>                               148,048,798
<DIVIDEND-INCOME>                            2,622,888
<INTEREST-INCOME>                               20,542
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 627,071
<NET-INVESTMENT-INCOME>                      3,016,359
<REALIZED-GAINS-CURRENT>                       355,321
<APPREC-INCREASE-CURRENT>                  (1,948,413)
<NET-CHANGE-FROM-OPS>                        1,423,267
<EQUALIZATION>                                       0
*<DISTRIBUTIONS-OF-INCOME>                     126,793
<DISTRIBUTIONS-OF-GAINS>                       101,035
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         95,667
<NUMBER-OF-SHARES-REDEEMED>                     71,500
<SHARES-REINVESTED>                              9,787
<NET-CHANGE-IN-ASSETS>                       4,583,492
<ACCUMULATED-NII-PRIOR>                        373,120
<ACCUMULATED-GAINS-PRIOR>                    2,128,785
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                                0
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                627,071
<AVERAGE-NET-ASSETS>                         7,065,648
<PER-SHARE-NAV-BEGIN>                            12.02
<PER-SHARE-NII>                                  00.24
<PER-SHARE-GAIN-APPREC>                         (0.13)
<PER-SHARE-DIVIDEND>                             00.22
<PER-SHARE-DISTRIBUTIONS>                        00.17
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.74
<EXPENSE-RATIO>                                  01.05


</TABLE>