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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   <NUMBER> 9
   <NAME> SMITH BARNEY BALANCED FUND. CLASS O

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1999
<PERIOD-END>                               JUL-31-1999
<INVESTMENTS-AT-COST>                      783,511,342
<INVESTMENTS-AT-VALUE>                     885,947,739
<RECEIVABLES>                               87,176,241
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             973,123,980
<PAYABLE-FOR-SECURITIES>                     3,066,138
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   77,120,115
<TOTAL-LIABILITIES>                         80,186,253
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   781,315,856
<SHARES-COMMON-STOCK>                          477,686
<SHARES-COMMON-PRIOR>                          535,453
<ACCUMULATED-NII-CURRENT>                    4,537,718
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,764,264
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   102,319,889
<NET-ASSETS>                               892,937,727
<DIVIDEND-INCOME>                            9,046,991
<INTEREST-INCOME>                           31,932,925
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              13,523,508
<NET-INVESTMENT-INCOME>                     27,456,408
<REALIZED-GAINS-CURRENT>                     5,500,671
<APPREC-INCREASE-CURRENT>                   69,388,242
<NET-CHANGE-FROM-OPS>                      102,345,321
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      160,246
<DISTRIBUTIONS-OF-GAINS>                     1,644,023
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         12,802
<NUMBER-OF-SHARES-REDEEMED>                    204,621
<SHARES-REINVESTED>                            134,052
<NET-CHANGE-IN-ASSETS>                   (147,086,454)
<ACCUMULATED-NII-PRIOR>                         73,401
<ACCUMULATED-GAINS-PRIOR>                  222,106,519
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        6,098,820
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                             13,523,508
<AVERAGE-NET-ASSETS>                         6,997,235
<PER-SHARE-NAV-BEGIN>                            16.50
<PER-SHARE-NII>                                  00.39
<PER-SHARE-GAIN-APPREC>                          00.92
<PER-SHARE-DIVIDEND>                             00.32
<PER-SHARE-DISTRIBUTIONS>                        03.66
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.83
<EXPENSE-RATIO>                                  01.50


</TABLE>