[ARTICLE] 6
[CIK] 0001000077
[NAME] SMITH BARNEY CONCERT ALLOCATION SERIES INC.        
[SERIES]
   [NUMBER] 1
   [NAME] BALANCED PORTFOLIO, CLASS A
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          JAN-31-1998
[PERIOD-END]                               JUL-31-1997
[INVESTMENTS-AT-COST]                      302,204,322
[INVESTMENTS-AT-VALUE]                     331,516,004
[RECEIVABLES]                                  261,107
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             331,777,111
[PAYABLE-FOR-SECURITIES]                     1,003,291
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      281,429
[TOTAL-LIABILITIES]                          1,284,720
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   296,623,459
[SHARES-COMMON-STOCK]                       10,627,464
[SHARES-COMMON-PRIOR]                        7,490,061
[ACCUMULATED-NII-CURRENT]                    5,294,735
[OVERDISTRIBUTION-NII]                         553,434
[ACCUMULATED-NET-GAINS]                      4,003,816
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    22,967,416
[NET-ASSETS]                               330,492,391
[DIVIDEND-INCOME]                            6,630,679
[INTEREST-INCOME]                               68,392
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,404,336
[NET-INVESTMENT-INCOME]                      5,294,735
[REALIZED-GAINS-CURRENT]                             0
[APPREC-INCREASE-CURRENT]                   22,976,416
[NET-CHANGE-FROM-OPS]                       28,262,151
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,175,149
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      3,898,283
[NUMBER-OF-SHARES-REDEEMED]                    935,060
[SHARES-REINVESTED]                            174,180
[NET-CHANGE-IN-ASSETS]                     107,017,977
[ACCUMULATED-NII-PRIOR]                      4,704,927
[ACCUMULATED-GAINS-PRIOR]                    4,003,816
[OVERDISTRIB-NII-PRIOR]                       (35,195)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          102,985
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,404,336
[AVERAGE-NET-ASSETS]                       113,164,817
[PER-SHARE-NAV-BEGIN]                            12.14
[PER-SHARE-NII]                                  00.26
[PER-SHARE-GAIN-APPREC]                          00.97
[PER-SHARE-DIVIDEND]                             00.24
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              13.13
[EXPENSE-RATIO]                                  00.60
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>