<TABLE> <S> <C>

<ARTICLE> 6 
<CIK> 0000841489 
<NAME> SMITH BARNEY PRINCIPAL RETURN FUND 
<SERIES> 
   <NUMBER> 3 
   <NAME> ZEROS PLUS EMERGING GROWTH SERIES 1996 
        
<S>                             <C> 
<PERIOD-TYPE>                   YEAR 
<FISCAL-YEAR-END>                          NOV-30-1995 
<PERIOD-END>                               NOV-30-1995 
<INVESTMENTS-AT-COST>                       59,053,722 
<INVESTMENTS-AT-VALUE>                      65,064,283 
<RECEIVABLES>                                  130,871 
<ASSETS-OTHER>                                     992 
<OTHER-ITEMS-ASSETS>                                 0 
<TOTAL-ASSETS>                              65,196,149 
<PAYABLE-FOR-SECURITIES>                        84,935 
<SENIOR-LONG-TERM-DEBT>                              0 
<OTHER-ITEMS-LIABILITIES>                      146,720 
<TOTAL-LIABILITIES>                            231,655 
<SENIOR-EQUITY>                                      0 
<PAID-IN-CAPITAL-COMMON>                             0 
<SHARES-COMMON-STOCK>                        7,464,369 
<SHARES-COMMON-PRIOR>                        7,719,183 
<ACCUMULATED-NII-CURRENT>                    4,040,213 
<OVERDISTRIBUTION-NII>                               0 
<ACCUMULATED-NET-GAINS>                        399,417 
<OVERDISTRIBUTION-GAINS>                             0 
<ACCUM-APPREC-OR-DEPREC>                     6,010,561 
<NET-ASSETS>                                64,964,494 
<DIVIDEND-INCOME>                              520,480 
<INTEREST-INCOME>                            4,048,947 
<OTHER-INCOME>                                       0 
<EXPENSES-NET>                                 529,214 
<NET-INVESTMENT-INCOME>                      4,040,213 
<REALIZED-GAINS-CURRENT>                     5,344,856 
<APPREC-INCREASE-CURRENT>                       84,606 
<NET-CHANGE-FROM-OPS>                        9,469,675 
<EQUALIZATION>                                       0 
<DISTRIBUTIONS-OF-INCOME>                    4,356,018 
<DISTRIBUTIONS-OF-GAINS>                     9,770,284 
<DISTRIBUTIONS-OTHER>                                0 
<NUMBER-OF-SHARES-SOLD>                              0 
<NUMBER-OF-SHARES-REDEEMED>                  1,889,987 
<SHARES-REINVESTED>                          1,653,173 
<NET-CHANGE-IN-ASSETS>                     (7,567,936) 
<ACCUMULATED-NII-PRIOR>                      4,045,955 
<ACCUMULATED-GAINS-PRIOR>                    4,824,825 
<OVERDISTRIB-NII-PRIOR>                              0 
<OVERDIST-NET-GAINS-PRIOR>                           0 
<GROSS-ADVISORY-FEES>                          203,597 
<INTEREST-EXPENSE>                                   0 
<GROSS-EXPENSE>                                      0 
<AVERAGE-NET-ASSETS>                        67,865,764 
<PER-SHARE-NAV-BEGIN>                             9.40 
<PER-SHARE-NII>                                   0.53 
<PER-SHARE-GAIN-APPREC>                           0.67 
<PER-SHARE-DIVIDEND>                                 0 
<PER-SHARE-DISTRIBUTIONS>                       (1.90) 
<RETURNS-OF-CAPITAL>                                 0 
<PER-SHARE-NAV-END>                               8.70 
<EXPENSE-RATIO>                                   0.71 
<AVG-DEBT-OUTSTANDING>                               0 
<AVG-DEBT-PER-SHARE>                                 0 
        


</TABLE>