[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES INC.
[SERIES]
   [NUMBER] 3
   [NAME] CONSERVATIVE PORTFOLIO, CLASS Z
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JAN-31-1998
[PERIOD-END]                               JUL-31-1997
[INVESTMENTS-AT-COST]                       82,664,318
[INVESTMENTS-AT-VALUE]                      88,360,553
[RECEIVABLES]                                  100,358
[ASSETS-OTHER]                                     911
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              88,461,822
[PAYABLE-FOR-SECURITIES]                       391,594
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       17,359
[TOTAL-LIABILITIES]                            408,953
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    81,078,085
[SHARES-COMMON-STOCK]                           34,944
[SHARES-COMMON-PRIOR]                               44
[ACCUMULATED-NII-CURRENT]                      322,618
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                        948,951
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     5,696,235
[NET-ASSETS]                                88,052,869
[DIVIDEND-INCOME]                            2,367,574
[INTEREST-INCOME]                               19,479
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 315,439
[NET-INVESTMENT-INCOME]                      2,071,614
[REALIZED-GAINS-CURRENT]                             0
[APPREC-INCREASE-CURRENT]                    4,565,551
[NET-CHANGE-FROM-OPS]                        6,637,165
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                        4,617
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                         42,838
[NUMBER-OF-SHARES-REDEEMED]                      8,315
[SHARES-REINVESTED]                                377
[NET-CHANGE-IN-ASSETS]                      25,147,492
[ACCUMULATED-NII-PRIOR]                      1,043,293
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          315,439
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                315,439
[AVERAGE-NET-ASSETS]                           143,095
[PER-SHARE-NAV-BEGIN]                            11.90
[PER-SHARE-NII]                                  00.37
[PER-SHARE-GAIN-APPREC]                          00.68
[PER-SHARE-DIVIDEND]                             00.32
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.63
[EXPENSE-RATIO]                                  00.35
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>