[ARTICLE] 6
[CIK] 0000275811
[NAME] SMITH BARNEY MONEY FUNDS, INC.
[SERIES]
   [NUMBER] 2
   [NAME] GOVERNMENT PORTFOLIO, CLASS Y
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               JUN-30-1998
[INVESTMENTS-AT-COST]                    4,801,765,238
[INVESTMENTS-AT-VALUE]                   4,801,765,238
[RECEIVABLES]                                4,626,918
[ASSETS-OTHER]                                     948
[OTHER-ITEMS-ASSETS]                           656,662
[TOTAL-ASSETS]                           4,807,049,766
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   12,490,755
[TOTAL-LIABILITIES]                         12,490,755
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 4,794,559,011
[SHARES-COMMON-STOCK]                        8,473,935
[SHARES-COMMON-PRIOR]                        7,429,607
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0        
[NET-ASSETS]                             4,794,559,011
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                          134,846,671
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              14,317,748
[NET-INVESTMENT-INCOME]                    120,528,923
[REALIZED-GAINS-CURRENT]                         4,549
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                      120,533,472
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      211,966
[DISTRIBUTIONS-OF-GAINS]                             8
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     49,724,404
[NUMBER-OF-SHARES-REDEEMED]                 48,941,568
[SHARES-REINVESTED]                            261,492
[NET-CHANGE-IN-ASSETS]                     163,716,872
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       10,273,714
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             14,317,748
[AVERAGE-NET-ASSETS]                        12,354,090
[PER-SHARE-NAV-BEGIN]                            1.000
[PER-SHARE-NII]                                  0.025
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                             0.025
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              1.000
[EXPENSE-RATIO]                                  0.490
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>