[ARTICLE] 6
[CIK] 0000748826
[NAME] SMITH BARNEY MANAGED GOVERNMENT FUND INC. CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          JUL-31-1997
[PERIOD-END]                               JUL-31-1997
[INVESTMENTS-AT-COST]                      557,591,160
[INVESTMENTS-AT-VALUE]                     593,818,484
[RECEIVABLES]                                1,198,997
[ASSETS-OTHER]                               3,790,997
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             598,807,899
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      430,218
[TOTAL-LIABILITIES]                            430,218
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   638,128,820
[SHARES-COMMON-STOCK]                        6,616,900
[SHARES-COMMON-PRIOR]                        2,203,434
[ACCUMULATED-NII-CURRENT]                      927,389
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                   (75,097,680)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    36,227,324
[NET-ASSETS]                               598,377,681
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           44,187,039
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               6,369,670
[NET-INVESTMENT-INCOME]                     37,817,369
[REALIZED-GAINS-CURRENT]                   (5,443,386)
[APPREC-INCREASE-CURRENT]                   33,181,127
[NET-CHANGE-FROM-OPS]                       65,555,110
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    3,983,592
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      4,415,232
[NUMBER-OF-SHARES-REDEEMED]                          0
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                       4,521,555
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                      (927,389)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        2,661,308
[INTEREST-EXPENSE]                           1,301,442
[GROSS-EXPENSE]                              2,406,920
[AVERAGE-NET-ASSETS]                        56,265,457
[PER-SHARE-NAV-BEGIN]                            12.27
[PER-SHARE-NII]                                  00.84
[PER-SHARE-GAIN-APPREC]                          00.59
[PER-SHARE-DIVIDEND]                             00.86
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.84
[EXPENSE-RATIO]                                  00.90
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>