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> 011
   <NAME> CONVERTIBLE CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
<INVESTMENTS-AT-COST>                       86,864,303
<INVESTMENTS-AT-VALUE>                      86,106,438
<RECEIVABLES>                                1,391,055
<ASSETS-OTHER>                              86,106,693
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              87,497,748
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      359,758
<TOTAL-LIABILITIES>                            359,758
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    87,997,220
<SHARES-COMMON-STOCK>                        2,227,896
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       29,042
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                     (130,406)
<ACCUM-APPREC-OR-DEPREC>                     (757,866)
<NET-ASSETS>                                87,137,990
<DIVIDEND-INCOME>                            2,090,711
<INTEREST-INCOME>                            2,981,681
<OTHER-INCOME>                               5,072,392
<EXPENSES-NET>                               1,391,571
<NET-INVESTMENT-INCOME>                      3,680,821
<REALIZED-GAINS-CURRENT>                     4,983,498
<APPREC-INCREASE-CURRENT>                  (3,181,315)
<NET-CHANGE-FROM-OPS>                        5,483,004
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       24,708
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        343,603
<NUMBER-OF-SHARES-REDEEMED>                    506,755
<SHARES-REINVESTED>                             83,599
<NET-CHANGE-IN-ASSETS>                       5,483,004
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                    (4,005,843)
<OVERDIST-NET-GAINS-PRIOR>                 (5,113,905)
<GROSS-ADVISORY-FEES>                          417,942
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              1,391,571
<AVERAGE-NET-ASSETS>                        35,556,394
<PER-SHARE-NAV-BEGIN>                            15.27
<PER-SHARE-NII>                                  00.74
<PER-SHARE-GAIN-APPREC>                          00.38
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        00.73
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.66
<EXPENSE-RATIO>                                  01.40
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER]012
   <NAME> CONVERTIBLE CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                       86,864,303
[INVESTMENTS-AT-VALUE]                      86,106,438
[RECEIVABLES]                                1,391,055
[ASSETS-OTHER]                              86,106,693
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              87,497,748
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      359,758
[TOTAL-LIABILITIES]                            359,758
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    87,997,220
[SHARES-COMMON-STOCK]                        2,709,231
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                       29,042
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                     (130,406)
[ACCUM-APPREC-OR-DEPREC]                     (757,866)
[NET-ASSETS]                                87,137,990
[DIVIDEND-INCOME]                            2,090,711
[INTEREST-INCOME]                            2,981,681
[OTHER-INCOME]                               5,072,392
[EXPENSES-NET]                               1,391,571
[NET-INVESTMENT-INCOME]                      3,680,821
[REALIZED-GAINS-CURRENT]                     4,983,498
[APPREC-INCREASE-CURRENT]                  (3,181,315)
[NET-CHANGE-FROM-OPS]                        5,483,004
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                       14,191
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        374,014
[NUMBER-OF-SHARES-REDEEMED]                    727,414
[SHARES-REINVESTED]                             82,158
[NET-CHANGE-IN-ASSETS]                       5,483,004
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                    (4,005,843)
[OVERDIST-NET-GAINS-PRIOR]                 (5,113,905)
[GROSS-ADVISORY-FEES]                          417,942
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,391,571
[AVERAGE-NET-ASSETS]                        45,461,246
[PER-SHARE-NAV-BEGIN]                            15.27
[PER-SHARE-NII]                                  00.67
[PER-SHARE-GAIN-APPREC]                          00.38
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.66
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              15.66
[EXPENSE-RATIO]                                  01.90
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 013
   <NAME> CONVERTIBLE CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                       86,864,303
[INVESTMENTS-AT-VALUE]                      86,106,438
[RECEIVABLES]                                1,391,055
[ASSETS-OTHER]                              86,106,693
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              87,497,748
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      359,758
[TOTAL-LIABILITIES]                            359,758
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    87,997,220
[SHARES-COMMON-STOCK]                           40,988
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                       29,042
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                     (130,406)
[ACCUM-APPREC-OR-DEPREC]                     (757,866)
[NET-ASSETS]                                87,137,990
[DIVIDEND-INCOME]                            2,090,711
[INTEREST-INCOME]                            2,981,681
[OTHER-INCOME]                               5,072,392
[EXPENSES-NET]                               1,391,571
[NET-INVESTMENT-INCOME]                      3,680,821
[REALIZED-GAINS-CURRENT]                     4,983,498
[APPREC-INCREASE-CURRENT]                  (3,181,315)
[NET-CHANGE-FROM-OPS]                        5,483,004
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                          516
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                         55,056
[NUMBER-OF-SHARES-REDEEMED]                     20,518
[SHARES-REINVESTED]                              1,049
[NET-CHANGE-IN-ASSETS]                       5,483,004
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                    (4,005,843)
[OVERDIST-NET-GAINS-PRIOR]                 (5,113,905)
[GROSS-ADVISORY-FEES]                          417,942
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,391,571
[AVERAGE-NET-ASSETS]                           449,442
[PER-SHARE-NAV-BEGIN]                            15.27
[PER-SHARE-NII]                                  00.66
[PER-SHARE-GAIN-APPREC]                          00.38
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.67
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              15.64
[EXPENSE-RATIO]                                  01.87
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER]014
   <NAME> CONVERTIBLE CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                       86,864,303
[INVESTMENTS-AT-VALUE]                      86,106,438
[RECEIVABLES]                                1,391,055
[ASSETS-OTHER]                              86,106,693
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              87,497,748
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      359,758
[TOTAL-LIABILITIES]                            359,758
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    87,997,220
[SHARES-COMMON-STOCK]                          586,129
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                       29,042
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                     (130,406)
[ACCUM-APPREC-OR-DEPREC]                     (757,866)
[NET-ASSETS]                                87,137,990
[DIVIDEND-INCOME]                            2,090,711
[INTEREST-INCOME]                            2,981,681
[OTHER-INCOME]                               5,072,392
[EXPENSES-NET]                               1,391,571
[NET-INVESTMENT-INCOME]                      3,680,821
[REALIZED-GAINS-CURRENT]                     4,983,498
[APPREC-INCREASE-CURRENT]                  (3,181,315)
[NET-CHANGE-FROM-OPS]                        5,483,004
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                        9,341
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        586,130
[NUMBER-OF-SHARES-REDEEMED]                          1
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                       5,483,004
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                    (4,005,843)
[OVERDIST-NET-GAINS-PRIOR]                 (5,113,905)
[GROSS-ADVISORY-FEES]                          417,942
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,391,571
[AVERAGE-NET-ASSETS]                         4,142,820
[PER-SHARE-NAV-BEGIN]                            16.15
[PER-SHARE-NII]                                  00.38
[PER-SHARE-GAIN-APPREC]                         (00.46)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.39
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              15.68
[EXPENSE-RATIO]                                  01.00
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 021
   <NAME> DIVERSIFIED STRATEGIC INCOME FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,723,959,882
[INVESTMENTS-AT-VALUE]                   2,780,459,906
[RECEIVABLES]                               65,498,464
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                         2,003,245
[TOTAL-ASSETS]                           2,847,961,615
[PAYABLE-FOR-SECURITIES]                   171,523,724
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    8,828,446
[TOTAL-LIABILITIES]                        180,352,170
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,745,951,455
[SHARES-COMMON-STOCK]                       25,930,321
[SHARES-COMMON-PRIOR]                       22,583,437
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                      26,273,688
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                   104,940,161
[ACCUM-APPREC-OR-DEPREC]                    52,871,839
[NET-ASSETS]                             2,667,609,445
[DIVIDEND-INCOME]                            4,912,706
[INTEREST-INCOME]                          210,999,542
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              58,750,708
[NET-INVESTMENT-INCOME]                    177,161,540
[REALIZED-GAINS-CURRENT]                    14,882,931
[APPREC-INCREASE-CURRENT]                    5,832,962
[NET-CHANGE-FROM-OPS]                      197,877,433
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   16,044,044
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     10,064,712
[NUMBER-OF-SHARES-REDEEMED]                  7,912,833
[SHARES-REINVESTED]                          1,195,006
[NET-CHANGE-IN-ASSETS]                     107,713,118
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                     11,805,103
[OVERDIST-NET-GAINS-PRIOR]                 102,365,054
[GROSS-ADVISORY-FEES]                       11,818,108
[INTEREST-EXPENSE]                             783,833
[GROSS-EXPENSE]                             38,750,708
[AVERAGE-NET-ASSETS]                       189,096,506
[PER-SHARE-NAV-BEGIN]                             7.85
[PER-SHARE-NII]                                   0.67
[PER-SHARE-GAIN-APPREC]                          (.03)
[PER-SHARE-DIVIDEND]                              0.67
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.82
[EXPENSE-RATIO]                                   1.10
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 022
   <NAME> DIVERSIFIED STRATEGIC INCOME FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,723,959,882
[INVESTMENTS-AT-VALUE]                   2,780,459,906
[RECEIVABLES]                               65,498,464
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                         2,003,245
[TOTAL-ASSETS]                           2,847,961,615
[PAYABLE-FOR-SECURITIES]                   171,523,724
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    8,828,446
[TOTAL-LIABILITIES]                        180,352,170
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,745,951,455
[SHARES-COMMON-STOCK]                      303,841,930
[SHARES-COMMON-PRIOR]                      301,043,025
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                      26,273,688
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                   104,940,161
[ACCUM-APPREC-OR-DEPREC]                    52,871,839
[NET-ASSETS]                             2,667,609,445
[DIVIDEND-INCOME]                            4,912,706
[INTEREST-INCOME]                          210,999,542
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              58,750,708
[NET-INVESTMENT-INCOME]                    177,161,540
[REALIZED-GAINS-CURRENT]                    14,882,931
[APPREC-INCREASE-CURRENT]                    5,832,962
[NET-CHANGE-FROM-OPS]                      197,877,433
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                  188,829,809
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     42,794,620
[NUMBER-OF-SHARES-REDEEMED]                 53,265,139
[SHARES-REINVESTED]                         13,269,424
[NET-CHANGE-IN-ASSETS]                     107,713,118
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                     11,805,103
[OVERDIST-NET-GAINS-PRIOR]                 102,365,054
[GROSS-ADVISORY-FEES]                       11,818,108
[INTEREST-EXPENSE]                             783,833
[GROSS-EXPENSE]                             38,750,708
[AVERAGE-NET-ASSETS]                     2,390,774,338
[PER-SHARE-NAV-BEGIN]                             7.86
[PER-SHARE-NII]                                   0.63
[PER-SHARE-GAIN-APPREC]                          (.04)
[PER-SHARE-DIVIDEND]                              0.62
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.83
[EXPENSE-RATIO]                                   1.57
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 023
   <NAME> DIVERSIFIED STRATEGIC INCOME FUND CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,723,959,882
[INVESTMENTS-AT-VALUE]                   2,780,459,906
[RECEIVABLES]                               65,498,464
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                         2,003,245
[TOTAL-ASSETS]                           2,847,961,615
[PAYABLE-FOR-SECURITIES]                   171,523,724
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    8,828,446
[TOTAL-LIABILITIES]                        180,352,170
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,745,951,455
[SHARES-COMMON-STOCK]                        5,403,149
[SHARES-COMMON-PRIOR]                        1,623,067
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                      26,273,688
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                   104,940,161
[ACCUM-APPREC-OR-DEPREC]                    52,871,839
[NET-ASSETS]                             2,667,609,445
[DIVIDEND-INCOME]                            4,912,706
[INTEREST-INCOME]                          210,999,542
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              58,750,708
[NET-INVESTMENT-INCOME]                    177,161,540
[REALIZED-GAINS-CURRENT]                    14,882,931
[APPREC-INCREASE-CURRENT]                    5,832,962
[NET-CHANGE-FROM-OPS]                      197,877,433
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,185,239
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      4,096,751
[NUMBER-OF-SHARES-REDEEMED]                    217,478
[SHARES-REINVESTED]                            534,146
[NET-CHANGE-IN-ASSETS]                     107,713,118
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                     11,805,103
[OVERDIST-NET-GAINS-PRIOR]                 102,365,054
[GROSS-ADVISORY-FEES]                       11,818,108
[INTEREST-EXPENSE]                             783,833
[GROSS-EXPENSE]                             38,750,708
[AVERAGE-NET-ASSETS]                        26,832,965
[PER-SHARE-NAV-BEGIN]                             7.84
[PER-SHARE-NII]                                   0.61
[PER-SHARE-GAIN-APPREC]                          (.02)
[PER-SHARE-DIVIDEND]                              0.62
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.81
[EXPENSE-RATIO]                                   1.53
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 024
   <NAME> DIVERSIFIED STRATEGIC INCOME FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,723,959,882
[INVESTMENTS-AT-VALUE]                   2,780,459,906
[RECEIVABLES]                               65,498,464
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                         2,003,245
[TOTAL-ASSETS]                           2,847,961,615
[PAYABLE-FOR-SECURITIES]                   171,523,724
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    8,828,446
[TOTAL-LIABILITIES]                        180,352,170
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,745,951,455
[SHARES-COMMON-STOCK]                        3,445,891
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                      26,273,688
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                   104,940,161
[ACCUM-APPREC-OR-DEPREC]                    52,871,839
[NET-ASSETS]                             2,667,609,445
[DIVIDEND-INCOME]                            4,912,706
[INTEREST-INCOME]                          210,999,542
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              58,750,708
[NET-INVESTMENT-INCOME]                    177,161,540
[REALIZED-GAINS-CURRENT]                    14,882,931
[APPREC-INCREASE-CURRENT]                    5,832,962
[NET-CHANGE-FROM-OPS]                      197,877,433
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      707,539
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      3,547,674
[NUMBER-OF-SHARES-REDEEMED]                    121,413
[SHARES-REINVESTED]                             19,630
[NET-CHANGE-IN-ASSETS]                     107,713,118
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                     11,805,103
[OVERDIST-NET-GAINS-PRIOR]                 102,365,054
[GROSS-ADVISORY-FEES]                       11,818,108
[INTEREST-EXPENSE]                             783,833
[GROSS-EXPENSE]                             38,750,708
[AVERAGE-NET-ASSETS]                         8,915,207
[PER-SHARE-NAV-BEGIN]                             7.89
[PER-SHARE-NII]                                   0.50
[PER-SHARE-GAIN-APPREC]                          (.02)
[PER-SHARE-DIVIDEND]                              0.55
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.82
[EXPENSE-RATIO]                                   0.75
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 025
   <NAME> DIVERSIFIED STRATEGIC INCOME FUND CLASS Z
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,723,959,882
[INVESTMENTS-AT-VALUE]                   2,780,459,906
[RECEIVABLES]                               65,498,464
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                         2,003,245
[TOTAL-ASSETS]                           2,847,961,615
[PAYABLE-FOR-SECURITIES]                   171,523,724
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    8,828,446
[TOTAL-LIABILITIES]                        180,352,170
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,745,951,455
[SHARES-COMMON-STOCK]                        2,080,516
[SHARES-COMMON-PRIOR]                        1,829,176
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                      26,273,688
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                   104,940,161
[ACCUM-APPREC-OR-DEPREC]                    52,871,839
[NET-ASSETS]                             2,667,609,445
[DIVIDEND-INCOME]                            4,912,706
[INTEREST-INCOME]                          210,999,542
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              58,750,708
[NET-INVESTMENT-INCOME]                    177,161,540
[REALIZED-GAINS-CURRENT]                    14,882,931
[APPREC-INCREASE-CURRENT]                    5,832,962
[NET-CHANGE-FROM-OPS]                      197,877,433
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,321,532
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        391,370
[NUMBER-OF-SHARES-REDEEMED]                    308,090
[SHARES-REINVESTED]                            168,060
[NET-CHANGE-IN-ASSETS]                     107,713,118
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                     11,805,103
[OVERDIST-NET-GAINS-PRIOR]                 102,365,054
[GROSS-ADVISORY-FEES]                       11,818,108
[INTEREST-EXPENSE]                             783,833
[GROSS-EXPENSE]                             38,750,708
[AVERAGE-NET-ASSETS]                        15,047,290
[PER-SHARE-NAV-BEGIN]                             7.85
[PER-SHARE-NII]                                   0.70
[PER-SHARE-GAIN-APPREC]                          (.04)
[PER-SHARE-DIVIDEND]                              0.69
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               7.82
[EXPENSE-RATIO]                                   0.76
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER]032
   <NAME> EXCHANGE RESERVE CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      159,940,029
[INVESTMENTS-AT-VALUE]                     159,940,029
[RECEIVABLES]                                  441,974
[ASSETS-OTHER]                                     579
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             160,382,582
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      517,245
[TOTAL-LIABILITIES]                            517,245
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   150,920,793
[SHARES-COMMON-STOCK]                      150,476,738
[SHARES-COMMON-PRIOR]                      160,503,251
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                               159,865,337
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            8,390,077
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,743,466
[NET-INVESTMENT-INCOME]                      6,646,611
[REALIZED-GAINS-CURRENT]                        15,797
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                        6,662,408
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    6,465,988
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    343,531,203
[NUMBER-OF-SHARES-REDEEMED]                357,269,797
[SHARES-REINVESTED]                          5,711,961
[NET-CHANGE-IN-ASSETS]                     (3,432,750)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          748,208
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,743,466
[AVERAGE-NET-ASSETS]                       145,361,297
[PER-SHARE-NAV-BEGIN]                             1.00
[PER-SHARE-NII]                                  0.044
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        0.044
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               1.00
[EXPENSE-RATIO]                                   1.17
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 033
   <NAME> EXCHANGE RESERVE CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      159,940,029
[INVESTMENTS-AT-VALUE]                     159,940,029
[RECEIVABLES]                                  441,974
[ASSETS-OTHER]                                     579
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             160,382,582
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      517,245
[TOTAL-LIABILITIES]                            517,245
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   150,920,793
[SHARES-COMMON-STOCK]                        9,444,055
[SHARES-COMMON-PRIOR]                        2,850,294
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                               159,865,337
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            8,390,077
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,743,466
[NET-INVESTMENT-INCOME]                      6,646,611
[REALIZED-GAINS-CURRENT]                        15,797
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                        6,662,408
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      180,420
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     76,141,732
[NUMBER-OF-SHARES-REDEEMED]                 69,702,737
[SHARES-REINVESTED]                            154,768
[NET-CHANGE-IN-ASSETS]                     (3,432,750)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          748,208
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,743,466
[AVERAGE-NET-ASSETS]                         4,112,007
[PER-SHARE-NAV-BEGIN]                             1.00
[PER-SHARE-NII]                                  0.044
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        0.044
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               1.00
[EXPENSE-RATIO]                                   1.17
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 041
   <NAME> HIGH INCOME CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      956,594,248
[INVESTMENTS-AT-VALUE]                     952,078,256
[RECEIVABLES]                               19,074,715
[ASSETS-OTHER]                                   7,453
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             971,160,424
[PAYABLE-FOR-SECURITIES]                     5,307,025
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,478,380
[TOTAL-LIABILITIES]                          6,785,405
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,211,712,343
[SHARES-COMMON-STOCK]                       31,047,364
[SHARES-COMMON-PRIOR]                       28,531,134
[ACCUMULATED-NII-CURRENT]                   84,120,788
[OVERDISTRIBUTION-NII]                          20,751
[ACCUMULATED-NET-GAINS]                  (242,842,038)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (4,516,037)
[NET-ASSETS]                               964,375,019
[DIVIDEND-INCOME]                           91,425,418
[INTEREST-INCOME]                            5,115,821
[OTHER-INCOME]                                   1,238
[EXPENSES-NET]                              12,419,213
[NET-INVESTMENT-INCOME]                     84,120,788
[REALIZED-GAINS-CURRENT]                     5,895,839
[APPREC-INCREASE-CURRENT]                 (16,205,851)
[NET-CHANGE-FROM-OPS]                       73,810,776
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   31,987,396
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      8,308,861
[NUMBER-OF-SHARES-REDEEMED]                  7,405,625
[SHARES-REINVESTED]                          1,612,994
[NET-CHANGE-IN-ASSETS]                     142,750,391
[ACCUMULATED-NII-PRIOR]                     71,957,052
[ACCUMULATED-GAINS-PRIOR]                 (41,846,542)
[OVERDISTRIB-NII-PRIOR]                       (61,531)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,506,352
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,506,352
[AVERAGE-NET-ASSETS]                       331,052,809
[PER-SHARE-NAV-BEGIN]                            11.10
[PER-SHARE-NII]                                  01.08
[PER-SHARE-GAIN-APPREC]                         (0.12)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.08
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              10.98
[EXPENSE-RATIO]                                  01.09
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 042
   <NAME> HIGH INCOME CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      956,594,248
[INVESTMENTS-AT-VALUE]                     952,078,256
[RECEIVABLES]                               19,074,715
[ASSETS-OTHER]                                   7,453
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             971,160,424
[PAYABLE-FOR-SECURITIES]                     5,307,025
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,478,380
[TOTAL-LIABILITIES]                          6,785,405
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,211,712,343
[SHARES-COMMON-STOCK]                       50,950,280
[SHARES-COMMON-PRIOR]                       43,080,844
[ACCUMULATED-NII-CURRENT]                   84,120,788
[OVERDISTRIBUTION-NII]                          20,751
[ACCUMULATED-NET-GAINS]                  (242,842,038)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (4,516,037)
[NET-ASSETS]                               964,375,019
[DIVIDEND-INCOME]                           91,425,418
[INTEREST-INCOME]                            5,115,821
[OTHER-INCOME]                                   1,238
[EXPENSES-NET]                              12,419,213
[NET-INVESTMENT-INCOME]                     84,120,788
[REALIZED-GAINS-CURRENT]                     5,895,839
[APPREC-INCREASE-CURRENT]                 (16,205,851)
[NET-CHANGE-FROM-OPS]                       73,810,776
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   48,694,812
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     15,087,459
[NUMBER-OF-SHARES-REDEEMED]                  9,273,067
[SHARES-REINVESTED]                          2,055,044
[NET-CHANGE-IN-ASSETS]                     142,750,391
[ACCUMULATED-NII-PRIOR]                     71,957,052
[ACCUMULATED-GAINS-PRIOR]                 (41,846,542)
[OVERDISTRIB-NII-PRIOR]                       (61,531)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,506,352
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,506,352
[AVERAGE-NET-ASSETS]                       528,988,163
[PER-SHARE-NAV-BEGIN]                            11.11
[PER-SHARE-NII]                                  01.02
[PER-SHARE-GAIN-APPREC]                         (0.12)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.02
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              10.99
[EXPENSE-RATIO]                                  01.59
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 043
   <NAME> HIGH INCOME CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      956,594,248
[INVESTMENTS-AT-VALUE]                     952,078,256
[RECEIVABLES]                               19,074,715
[ASSETS-OTHER]                                   7,453
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             971,160,424
[PAYABLE-FOR-SECURITIES]                     5,307,025
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,478,380
[TOTAL-LIABILITIES]                          6,785,405
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,211,712,343
[SHARES-COMMON-STOCK]                        1,913,614
[SHARES-COMMON-PRIOR]                          541,014
[ACCUMULATED-NII-CURRENT]                   84,120,788
[OVERDISTRIBUTION-NII]                          20,751
[ACCUMULATED-NET-GAINS]                  (242,842,038)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (4,516,037)
[NET-ASSETS]                               964,375,019
[DIVIDEND-INCOME]                           91,425,418
[INTEREST-INCOME]                            5,115,821
[OTHER-INCOME]                                   1,238
[EXPENSES-NET]                              12,419,213
[NET-INVESTMENT-INCOME]                     84,120,788
[REALIZED-GAINS-CURRENT]                     5,895,839
[APPREC-INCREASE-CURRENT]                 (16,205,851)
[NET-CHANGE-FROM-OPS]                       73,810,776
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,283,936
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,609,793
[NUMBER-OF-SHARES-REDEEMED]                    303,748
[SHARES-REINVESTED]                             66,555
[NET-CHANGE-IN-ASSETS]                     142,750,391
[ACCUMULATED-NII-PRIOR]                     71,957,052
[ACCUMULATED-GAINS-PRIOR]                 (41,846,542)
[OVERDISTRIB-NII-PRIOR]                       (61,531)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,506,352
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,506,352
[AVERAGE-NET-ASSETS]                        13,556,208
[PER-SHARE-NAV-BEGIN]                            11.11
[PER-SHARE-NII]                                  01.03
[PER-SHARE-GAIN-APPREC]                         (0.11)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.03
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.00
[EXPENSE-RATIO]                                  01.51
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 044
   <NAME> HIGH INCOME CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      956,594,248
[INVESTMENTS-AT-VALUE]                     952,078,256
[RECEIVABLES]                               19,074,715
[ASSETS-OTHER]                                   7,453
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             971,160,424
[PAYABLE-FOR-SECURITIES]                     5,307,025
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,478,380
[TOTAL-LIABILITIES]                          6,785,405
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,211,712,343
[SHARES-COMMON-STOCK]                        3,193,395
[SHARES-COMMON-PRIOR]                          928,254
[ACCUMULATED-NII-CURRENT]                   84,120,788
[OVERDISTRIBUTION-NII]                          20,751
[ACCUMULATED-NET-GAINS]                  (242,842,038)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (4,516,037)
[NET-ASSETS]                               964,375,019
[DIVIDEND-INCOME]                           91,425,418
[INTEREST-INCOME]                            5,115,821
[OTHER-INCOME]                                   1,238
[EXPENSES-NET]                              12,419,213
[NET-INVESTMENT-INCOME]                     84,120,788
[REALIZED-GAINS-CURRENT]                     5,895,839
[APPREC-INCREASE-CURRENT]                 (16,205,851)
[NET-CHANGE-FROM-OPS]                       73,810,776
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,081,172
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      7,916,081
[NUMBER-OF-SHARES-REDEEMED]                  5,727,363
[SHARES-REINVESTED]                             76,423
[NET-CHANGE-IN-ASSETS]                     142,750,391
[ACCUMULATED-NII-PRIOR]                     71,957,052
[ACCUMULATED-GAINS-PRIOR]                 (41,846,542)
[OVERDISTRIB-NII-PRIOR]                       (61,531)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,506,352
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,506,352
[AVERAGE-NET-ASSETS]                        18,137,036
[PER-SHARE-NAV-BEGIN]                            11.10
[PER-SHARE-NII]                                  00.92
[PER-SHARE-GAIN-APPREC]                         (0.11)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.92
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              10.99
[EXPENSE-RATIO]                                  00.76
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 045
   <NAME> HIGH INCOME CLASS Z
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      956,594,248
[INVESTMENTS-AT-VALUE]                     952,078,256
[RECEIVABLES]                               19,074,715
[ASSETS-OTHER]                                   7,453
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             971,160,424
[PAYABLE-FOR-SECURITIES]                     5,307,025
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,478,380
[TOTAL-LIABILITIES]                          6,785,405
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,211,712,343
[SHARES-COMMON-STOCK]                          651,422
[SHARES-COMMON-PRIOR]                          893,841
[ACCUMULATED-NII-CURRENT]                   84,120,788
[OVERDISTRIBUTION-NII]                          20,751
[ACCUMULATED-NET-GAINS]                  (242,842,038)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (4,516,037)
[NET-ASSETS]                               964,375,019
[DIVIDEND-INCOME]                           91,425,418
[INTEREST-INCOME]                            5,115,821
[OTHER-INCOME]                                   1,238
[EXPENSES-NET]                              12,419,213
[NET-INVESTMENT-INCOME]                     84,120,788
[REALIZED-GAINS-CURRENT]                     5,895,839
[APPREC-INCREASE-CURRENT]                 (16,205,851)
[NET-CHANGE-FROM-OPS]                       73,810,776
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      885,782
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                            340
[NUMBER-OF-SHARES-REDEEMED]                    322,209
[SHARES-REINVESTED]                             79,450
[NET-CHANGE-IN-ASSETS]                     142,750,391
[ACCUMULATED-NII-PRIOR]                     71,957,052
[ACCUMULATED-GAINS-PRIOR]                 (41,846,542)
[OVERDISTRIB-NII-PRIOR]                       (61,531)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,506,352
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,506,352
[AVERAGE-NET-ASSETS]                         8,941,185
[PER-SHARE-NAV-BEGIN]                            11.09
[PER-SHARE-NII]                                  01.11
[PER-SHARE-GAIN-APPREC]                         (0.10)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.11
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              10.99
[EXPENSE-RATIO]                                  00.77
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER]051
   <NAME> PREMIUM TOTAL RETURN CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,259,369,699
[INVESTMENTS-AT-VALUE]                   2,653,557,534
[RECEIVABLES]                                9,216,550
[ASSETS-OTHER]                                     737
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           2,662,774,821
[PAYABLE-FOR-SECURITIES]                    25,436,899
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   37,974,406
[TOTAL-LIABILITIES]                         63,411,305
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,137,747,734
[SHARES-COMMON-STOCK]                      30,700,2796
[SHARES-COMMON-PRIOR]                       28,881,893
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                   (126,375,833)
[ACCUMULATED-NET-GAINS]                    181,827,478
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   406,164,137
[NET-ASSETS]                             2,599,363,516
[DIVIDEND-INCOME]                           56,374,841
[INTEREST-INCOME]                           22,784,773
[OTHER-INCOME]                               2,226,997
[EXPENSES-NET]                              36,555,268
[NET-INVESTMENT-INCOME]                     44,831,343
[REALIZED-GAINS-CURRENT]                   183,041,217
[APPREC-INCREASE-CURRENT]                   88,232,117
[NET-CHANGE-FROM-OPS]                      316,104,677
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   38,039,471
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      4,407,887
[NUMBER-OF-SHARES-REDEEMED]                  1,719,698
[SHARES-REINVESTED]                          4,309,199
[NET-CHANGE-IN-ASSETS]                     459,688,336
[ACCUMULATED-NII-PRIOR]                        319,650
[ACCUMULATED-GAINS-PRIOR]                  (1,213,739)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       13,381,076
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             36,555,268
[AVERAGE-NET-ASSETS]                       509,622,725
[PER-SHARE-NAV-BEGIN]                            16.33
[PER-SHARE-NII]                                  00.39
[PER-SHARE-GAIN-APPREC]                          02.07
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.39
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.40
[EXPENSE-RATIO]                                  01.12
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 052
   <NAME> PREMIUM TOTAL RETURN CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,259,369,699
[INVESTMENTS-AT-VALUE]                   2,653,557,534
[RECEIVABLES]                                9,216,550
[ASSETS-OTHER]                                     737
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           2,662,774,821
[PAYABLE-FOR-SECURITIES]                    25,436,899
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   37,974,406
[TOTAL-LIABILITIES]                         63,411,305
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,137,747,734
[SHARES-COMMON-STOCK]                      116,123,502
[SHARES-COMMON-PRIOR]                      101,367,578
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                   (126,375,833)
[ACCUMULATED-NET-GAINS]                    181,827,478
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   406,164,137
[NET-ASSETS]                             2,599,363,516
[DIVIDEND-INCOME]                           56,374,841
[INTEREST-INCOME]                           22,784,773
[OTHER-INCOME]                               2,226,997
[EXPENSES-NET]                              36,555,268
[NET-INVESTMENT-INCOME]                     44,831,343
[REALIZED-GAINS-CURRENT]                   183,041,217
[APPREC-INCREASE-CURRENT]                   88,232,117
[NET-CHANGE-FROM-OPS]                      316,104,677
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                  131,635,056
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     74,401,892
[NUMBER-OF-SHARES-REDEEMED]                 29,658,966
[SHARES-REINVESTED]                         74,624,179
[NET-CHANGE-IN-ASSETS]                     459,688,336
[ACCUMULATED-NII-PRIOR]                        319,650
[ACCUMULATED-GAINS-PRIOR]                  (1,213,739)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       13,381,076
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             36,555,268
[AVERAGE-NET-ASSETS]                     1,878,612,076
[PER-SHARE-NAV-BEGIN]                            16.33
[PER-SHARE-NII]                                  00.30
[PER-SHARE-GAIN-APPREC]                          02.07
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.30
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.40
[EXPENSE-RATIO]                                  01.62
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 053
   <NAME> PREMIUM TOTAL RETURN CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,259,369,699
[INVESTMENTS-AT-VALUE]                   2,653,557,534
[RECEIVABLES]                                9,216,550
[ASSETS-OTHER]                                     737
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           2,662,774,821
[PAYABLE-FOR-SECURITIES]                    25,436,899
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   37,974,406
[TOTAL-LIABILITIES]                         63,411,305
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,137,747,734
[SHARES-COMMON-STOCK]                        1,783,030
[SHARES-COMMON-PRIOR]                          792,180
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                   (126,375,833)
[ACCUMULATED-NET-GAINS]                    181,827,478
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   406,164,137
[NET-ASSETS]                             2,599,363,516
[DIVIDEND-INCOME]                           56,374,841
[INTEREST-INCOME]                           22,784,773
[OTHER-INCOME]                               2,226,997
[EXPENSES-NET]                              36,555,268
[NET-INVESTMENT-INCOME]                     44,831,343
[REALIZED-GAINS-CURRENT]                   183,041,217
[APPREC-INCREASE-CURRENT]                   88,232,117
[NET-CHANGE-FROM-OPS]                      316,104,677
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,608,199
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     26,713,759
[NUMBER-OF-SHARES-REDEEMED]                  1,700,397
[SHARES-REINVESTED]                          3,846,700
[NET-CHANGE-IN-ASSETS]                     459,688,336
[ACCUMULATED-NII-PRIOR]                        319,650
[ACCUMULATED-GAINS-PRIOR]                  (1,213,739)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       13,381,076
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             36,555,268
[AVERAGE-NET-ASSETS]                        20,872,660
[PER-SHARE-NAV-BEGIN]                            16.33
[PER-SHARE-NII]                                  00.31
[PER-SHARE-GAIN-APPREC]                          02.07
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        01.30
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.41
[EXPENSE-RATIO]                                  01.57
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 054
   <NAME> PREMIUM TOTAL RETURN CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    2,259,369,699
[INVESTMENTS-AT-VALUE]                   2,653,557,534
[RECEIVABLES]                                9,216,550
[ASSETS-OTHER]                                     737
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           2,662,774,821
[PAYABLE-FOR-SECURITIES]                    25,436,899
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   37,974,406
[TOTAL-LIABILITIES]                         63,411,305
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 2,137,747,734
[SHARES-COMMON-STOCK]                          757,375
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                   (126,375,833)
[ACCUMULATED-NET-GAINS]                    181,827,478
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   406,164,137
[NET-ASSETS]                             2,599,363,516
[DIVIDEND-INCOME]                           56,374,841
[INTEREST-INCOME]                           22,784,773
[OTHER-INCOME]                               2,226,997
[EXPENSES-NET]                              36,555,268
[NET-INVESTMENT-INCOME]                     44,831,343
[REALIZED-GAINS-CURRENT]                   183,041,217
[APPREC-INCREASE-CURRENT]                   88,232,117
[NET-CHANGE-FROM-OPS]                      316,104,677
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      244,100
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    417,476,828
[NUMBER-OF-SHARES-REDEEMED]                 26,539,686
[SHARES-REINVESTED]                         60,728,442
[NET-CHANGE-IN-ASSETS]                     459,688,336
[ACCUMULATED-NII-PRIOR]                        319,650
[ACCUMULATED-GAINS-PRIOR]                  (1,213,739)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                       13,381,076
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             36,555,268
[AVERAGE-NET-ASSETS]                         5,926,892
[PER-SHARE-NAV-BEGIN]                            17.57
[PER-SHARE-NII]                                  00.20
[PER-SHARE-GAIN-APPREC]                          00.32
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.67
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.42
[EXPENSE-RATIO]                                  00.87
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 061
   <NAME> TAX-EXEMPT INCOME CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      856,573,272
[INVESTMENTS-AT-VALUE]                     882,389,630
[RECEIVABLES]                               18,001,577
[ASSETS-OTHER]                                  90,170
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             900,481,377
[PAYABLE-FOR-SECURITIES]                    13,822,024
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,336,493
[TOTAL-LIABILITIES]                         15,158,517
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   862,365,963
[SHARES-COMMON-STOCK]                       13,376,651
[SHARES-COMMON-PRIOR]                       13,777,081
[ACCUMULATED-NII-CURRENT]                   50,346,526
[OVERDISTRIBUTION-NII]                          71,821
[ACCUMULATED-NET-GAINS]                    (2,982,398)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    25,816,358
[NET-ASSETS]                               885,322,860
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           61,696,811
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              11,350,285
[NET-INVESTMENT-INCOME]                     50,346,526
[REALIZED-GAINS-CURRENT]                     4,816,209
[APPREC-INCREASE-CURRENT]                    (642,445)
[NET-CHANGE-FROM-OPS]                       54,520,290
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   13,528,117
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     29,741,505
[NUMBER-OF-SHARES-REDEEMED]                 44,691,662
[SHARES-REINVESTED]                          8,042,396
[NET-CHANGE-IN-ASSETS]                    (89,168,516)
[ACCUMULATED-NII-PRIOR]                     57,517,554
[ACCUMULATED-GAINS-PRIOR]                  (7,798,607)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        3,771,279
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             11,350,285
[AVERAGE-NET-ASSETS]                       236,027,827
[PER-SHARE-NAV-BEGIN]                            17.25
[PER-SHARE-NII]                                  01.00
[PER-SHARE-GAIN-APPREC]                          00.06
[PER-SHARE-DIVIDEND]                             01.00
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.31
[EXPENSE-RATIO]                                  00.84
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 062
   <NAME> TAX-EXEMPT INCOME CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      856,573,272
[INVESTMENTS-AT-VALUE]                     882,389,630
[RECEIVABLES]                               18,001,577
[ASSETS-OTHER]                                  90,170
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             900,481,377
[PAYABLE-FOR-SECURITIES]                    13,822,024
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,336,493
[TOTAL-LIABILITIES]                         15,158,517
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   862,365,963
[SHARES-COMMON-STOCK]                       37,708,244
[SHARES-COMMON-PRIOR]                       42,684,958
[ACCUMULATED-NII-CURRENT]                   50,346,526
[OVERDISTRIBUTION-NII]                          71,821
[ACCUMULATED-NET-GAINS]                    (2,982,398)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    25,816,358
[NET-ASSETS]                               885,322,860
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           61,696,811
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              11,350,285
[NET-INVESTMENT-INCOME]                     50,346,526
[REALIZED-GAINS-CURRENT]                     4,816,209
[APPREC-INCREASE-CURRENT]                    (642,445)
[NET-CHANGE-FROM-OPS]                       54,520,290
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   36,723,425
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     25,090,157
[NUMBER-OF-SHARES-REDEEMED]                131,511,049
[SHARES-REINVESTED]                         19,575,379
[NET-CHANGE-IN-ASSETS]                    (89,168,516)
[ACCUMULATED-NII-PRIOR]                     57,517,554
[ACCUMULATED-GAINS-PRIOR]                  (7,798,607)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        3,771,279
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             11,350,285
[AVERAGE-NET-ASSETS]                       703,566,606
[PER-SHARE-NAV-BEGIN]                            17.26
[PER-SHARE-NII]                                  00.92
[PER-SHARE-GAIN-APPREC]                          00.06
[PER-SHARE-DIVIDEND]                             00.92
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.32
[EXPENSE-RATIO]                                  01.33
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 063
   <NAME> TAX-EXEMPT INCOME CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                      856,573,272
[INVESTMENTS-AT-VALUE]                     882,389,630
[RECEIVABLES]                               18,001,577
[ASSETS-OTHER]                                  90,170
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             900,481,377
[PAYABLE-FOR-SECURITIES]                    13,822,024
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,336,493
[TOTAL-LIABILITIES]                         15,158,517
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   862,365,963
[SHARES-COMMON-STOCK]                           31,538
[SHARES-COMMON-PRIOR]                           12,232
[ACCUMULATED-NII-CURRENT]                   50,346,526
[OVERDISTRIBUTION-NII]                          71,821
[ACCUMULATED-NET-GAINS]                    (2,982,398)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    25,816,358
[NET-ASSETS]                               885,322,860
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           61,696,811
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              11,350,285
[NET-INVESTMENT-INCOME]                     50,346,526
[REALIZED-GAINS-CURRENT]                     4,816,209
[APPREC-INCREASE-CURRENT]                    (642,445)
[NET-CHANGE-FROM-OPS]                       54,520,290
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                       23,163
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        372,612
[NUMBER-OF-SHARES-REDEEMED]                     50,954
[SHARES-REINVESTED]                             17,515
[NET-CHANGE-IN-ASSETS]                    (89,168,516)
[ACCUMULATED-NII-PRIOR]                     57,517,554
[ACCUMULATED-GAINS-PRIOR]                  (7,798,607)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        3,771,279
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                             11,350,285
[AVERAGE-NET-ASSETS]                           436,146
[PER-SHARE-NAV-BEGIN]                            17.25
[PER-SHARE-NII]                                  00.89
[PER-SHARE-GAIN-APPREC]                          00.07
[PER-SHARE-DIVIDEND]                             00.90
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              17.31
[EXPENSE-RATIO]                                  01.39
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 071
   <NAME> SMITH BARNEY UTILITIES CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    1,529,859,768
[INVESTMENTS-AT-VALUE]                   1,586,588,252
[RECEIVABLES]                               30,884,684
[ASSETS-OTHER]                                     589
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,617,473,525
[PAYABLE-FOR-SECURITIES]                     2,993,127
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,357,386
[TOTAL-LIABILITIES]                          7,305,513
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,518,925,809
[SHARES-COMMON-STOCK]                       18,334,890
[SHARES-COMMON-PRIOR]                       10,046,494
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,876,999
[ACCUMULATED-NET-GAINS]                     32,891,720
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    56,728,484
[NET-ASSETS]                             1,610,123,012
[DIVIDEND-INCOME]                           56,955,307
[INTEREST-INCOME]                           62,018,482
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              26,401,646
[NET-INVESTMENT-INCOME]                     92,572,143
[REALIZED-GAINS-CURRENT]                    66,405,963
[APPREC-INCREASE-CURRENT]                  (3,454,715)
[NET-CHANGE-FROM-OPS]                      155,523,391
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   13,201,879
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      9,996,048
[NUMBER-OF-SHARES-REDEEMED]                  4,384,228
[SHARES-REINVESTED]                            686,576
[NET-CHANGE-IN-ASSETS]                   (214,846,736)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                 (33,514,243)
[OVERDISTRIB-NII-PRIOR]                       (43,610)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        8,094,511
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                      0
[AVERAGE-NET-ASSETS]                       238,400,248
[PER-SHARE-NAV-BEGIN]                            14.03
[PER-SHARE-NII]                                  00.82
[PER-SHARE-GAIN-APPREC]                          00.47
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.81
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.51
[EXPENSE-RATIO]                                  01.05
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 072
   <NAME> SMITH BARNEY UTILITIES CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    1,529,859,768
[INVESTMENTS-AT-VALUE]                   1,586,588,252
[RECEIVABLES]                               30,884,684
[ASSETS-OTHER]                                     589
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,617,473,525
[PAYABLE-FOR-SECURITIES]                     2,993,127
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,357,386
[TOTAL-LIABILITIES]                          7,305,513
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,518,925,809
[SHARES-COMMON-STOCK]                       90,334,939
[SHARES-COMMON-PRIOR]                      112,179,525
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,876,999
[ACCUMULATED-NET-GAINS]                     32,891,720
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    56,728,484
[NET-ASSETS]                             1,610,123,012
[DIVIDEND-INCOME]                           56,955,307
[INTEREST-INCOME]                           62,018,482
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              26,401,646
[NET-INVESTMENT-INCOME]                     92,572,143
[REALIZED-GAINS-CURRENT]                    66,405,963
[APPREC-INCREASE-CURRENT]                  (3,454,715)
[NET-CHANGE-FROM-OPS]                      155,523,391
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   75,948,662
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      5,729,301
[NUMBER-OF-SHARES-REDEEMED]                 31,436,995
[SHARES-REINVESTED]                          3,863,108
[NET-CHANGE-IN-ASSETS]                   (214,846,736)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                 (33,514,243)
[OVERDISTRIB-NII-PRIOR]                       (43,610)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        8,094,511
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                      0
[AVERAGE-NET-ASSETS]                     1,520,576,926
[PER-SHARE-NAV-BEGIN]                            14.02
[PER-SHARE-NII]                                  00.77
[PER-SHARE-GAIN-APPREC]                          00.47
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.75
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.51
[EXPENSE-RATIO]                                  01.55
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 073
   <NAME> SMITH BARNEY UTILITIES CLASS C
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    1,529,859,768
[INVESTMENTS-AT-VALUE]                   1,586,588,252
[RECEIVABLES]                               30,884,684
[ASSETS-OTHER]                                     589
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,617,473,525
[PAYABLE-FOR-SECURITIES]                     2,993,127
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,357,386
[TOTAL-LIABILITIES]                          7,305,513
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,518,925,809
[SHARES-COMMON-STOCK]                          788,654
[SHARES-COMMON-PRIOR]                          279,981
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,876,999
[ACCUMULATED-NET-GAINS]                     32,891,720
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    56,728,484
[NET-ASSETS]                             1,610,123,012
[DIVIDEND-INCOME]                           56,955,307
[INTEREST-INCOME]                           62,018,482
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              26,401,646
[NET-INVESTMENT-INCOME]                     92,572,143
[REALIZED-GAINS-CURRENT]                    66,405,963
[APPREC-INCREASE-CURRENT]                  (3,454,715)
[NET-CHANGE-FROM-OPS]                      155,523,391
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      507,295
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        739,232
[NUMBER-OF-SHARES-REDEEMED]                    258,618
[SHARES-REINVESTED]                             28,059
[NET-CHANGE-IN-ASSETS]                   (214,846,736)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                 (33,514,243)
[OVERDISTRIB-NII-PRIOR]                       (43,610)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        8,094,511
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                      0
[AVERAGE-NET-ASSETS]                         9,773,375
[PER-SHARE-NAV-BEGIN]                            14.02
[PER-SHARE-NII]                                  00.77
[PER-SHARE-GAIN-APPREC]                          00.47
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.75
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.51
[EXPENSE-RATIO]                                  01.50
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 074
   <NAME> SMITH BARNEY UTILITIES CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    1,529,859,768
[INVESTMENTS-AT-VALUE]                   1,586,588,252
[RECEIVABLES]                               30,884,684
[ASSETS-OTHER]                                     589
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,617,473,525
[PAYABLE-FOR-SECURITIES]                     2,993,127
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,357,386
[TOTAL-LIABILITIES]                          7,305,513
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,518,925,809
[SHARES-COMMON-STOCK]                          524,592
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,876,999
[ACCUMULATED-NET-GAINS]                     32,891,720
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    56,728,484
[NET-ASSETS]                             1,610,123,012
[DIVIDEND-INCOME]                           56,955,307
[INTEREST-INCOME]                           62,018,482
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              26,401,646
[NET-INVESTMENT-INCOME]                     92,572,143
[REALIZED-GAINS-CURRENT]                    66,405,963
[APPREC-INCREASE-CURRENT]                  (3,454,715)
[NET-CHANGE-FROM-OPS]                      155,523,391
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      179,297
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        681,967
[NUMBER-OF-SHARES-REDEEMED]                    162,055
[SHARES-REINVESTED]                              4,680
[NET-CHANGE-IN-ASSETS]                   (214,846,736)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                 (33,514,243)
[OVERDISTRIB-NII-PRIOR]                       (43,610)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        8,094,511
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                      0
[AVERAGE-NET-ASSETS]                         3,553,329
[PER-SHARE-NAV-BEGIN]                            14.88
[PER-SHARE-NII]                                  00.64
[PER-SHARE-GAIN-APPREC]                          00.29
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.71
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.52
[EXPENSE-RATIO]                                  00.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        
<ARTICLE> 6
<CIK> 0000764624
<NAME> SMITH BARNEY INCOME FUNDS
<SERIES>
   [NUMBER] 075
   <NAME> SMITH BARNEY UTILITIES CLASS Z
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          JUL-31-1996
<PERIOD-END>                               JUL-31-1996
[INVESTMENTS-AT-COST]                    1,529,859,768
[INVESTMENTS-AT-VALUE]                   1,586,588,252
[RECEIVABLES]                               30,884,684
[ASSETS-OTHER]                                     589
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,617,473,525
[PAYABLE-FOR-SECURITIES]                     2,993,127
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    4,357,386
[TOTAL-LIABILITIES]                          7,305,513
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,518,925,809
[SHARES-COMMON-STOCK]                          999,717
[SHARES-COMMON-PRIOR]                        1,043,265
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                       1,876,999
[ACCUMULATED-NET-GAINS]                     32,891,720
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    56,728,484
[NET-ASSETS]                             1,610,123,012
[DIVIDEND-INCOME]                           56,955,307
[INTEREST-INCOME]                           62,018,482
[OTHER-INCOME]                                       0
[EXPENSES-NET]                              26,401,646
[NET-INVESTMENT-INCOME]                     92,572,143
[REALIZED-GAINS-CURRENT]                    66,405,963
[APPREC-INCREASE-CURRENT]                  (3,454,715)
[NET-CHANGE-FROM-OPS]                      155,523,391
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      857,993
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        147,037
[NUMBER-OF-SHARES-REDEEMED]                    247,957
[SHARES-REINVESTED]                             57,372
[NET-CHANGE-IN-ASSETS]                   (214,846,736)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                 (33,514,243)
[OVERDISTRIB-NII-PRIOR]                       (43,610)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        8,094,511
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                      0
[AVERAGE-NET-ASSETS]                        14,930,814
[PER-SHARE-NAV-BEGIN]                            14.02
[PER-SHARE-NII]                                  00.88
[PER-SHARE-GAIN-APPREC]                          00.47
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.85
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              14.52
[EXPENSE-RATIO]                                  00.80
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
        



</TABLE>