[ARTICLE] 6
[CIK] 0000841489
[NAME] SMITH BARNEY PRINCIPAL RETURN FUND
[SERIES]
   [NUMBER] 1
   [NAME] SERIES 2000
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          NOV-30-1997
[PERIOD-END]                               MAY-31-1997
[INVESTMENTS-AT-COST]                       46,685,378
[INVESTMENTS-AT-VALUE]                      60,080,778
[RECEIVABLES]                                  204,368
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              60,285,146
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       71,555
[TOTAL-LIABILITIES]                             71,555
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    42,831,638
[SHARES-COMMON-STOCK]                        6,778,713
[SHARES-COMMON-PRIOR]                        7,579,650
[ACCUMULATED-NII-CURRENT]                      991,223
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      2,995,330
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    13,395,400
[NET-ASSETS]                                60,213,591
[DIVIDEND-INCOME]                                5,000
[INTEREST-INCOME]                            1,366,290
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 333,659
[NET-INVESTMENT-INCOME]                      1,037,631
[REALIZED-GAINS-CURRENT]                     2,587,582
[APPREC-INCREASE-CURRENT]                  (1,781,724)
[NET-CHANGE-FROM-OPS]                        1,843,489
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                              0
[NUMBER-OF-SHARES-REDEEMED]                    800,937
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                     (5,218,486)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                      407,748
[OVERDISTRIB-NII-PRIOR]                       (46,408)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          125,268
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                333,659
[AVERAGE-NET-ASSETS]                        62,690,975
[PER-SHARE-NAV-BEGIN]                             8.63
[PER-SHARE-NII]                                   0.15
[PER-SHARE-GAIN-APPREC]                           0.10
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.88
[EXPENSE-RATIO]                                   1.06
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>