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

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000887428
<NAME> SMITH BARNEY ADJUSTABLE RATE GOVERNMENT INCOME FUND, CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1997
<PERIOD-END>                               MAY-31-1997
<INVESTMENTS-AT-COST>                      182,532,180
<INVESTMENTS-AT-VALUE>                     184,557,064
<RECEIVABLES>                                2,893,712
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             187,450,776
<PAYABLE-FOR-SECURITIES>                     9,546,027
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                   48,244,399
<TOTAL-LIABILITIES>                         57,790,426
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                   136,381,963
<SHARES-COMMON-STOCK>                          346,689
<SHARES-COMMON-PRIOR>                          580,590
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                        (46,196)
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                   (6,653,936)
<ACCUM-APPREC-OR-DEPREC>                      (21,481)
<NET-ASSETS>                               129,660,350
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            8,855,001
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               2,449,953
<NET-INVESTMENT-INCOME>                      6,405,048
<REALIZED-GAINS-CURRENT>                       709,108
<APPREC-INCREASE-CURRENT>                      316,668
<NET-CHANGE-FROM-OPS>                        7,430,824
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      242,336
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                           28,993
<NUMBER-OF-SHARES-SOLD>                      6,379,831
<NUMBER-OF-SHARES-REDEEMED>                  6,632,928
<SHARES-REINVESTED>                             19,196
<NET-CHANGE-IN-ASSETS>                    (31,707,505)
<ACCUMULATED-NII-PRIOR>                      9,951,704
<ACCUMULATED-GAINS-PRIOR>                      173,691
<OVERDISTRIB-NII-PRIOR>                         79,911
<OVERDIST-NET-GAINS-PRIOR>                 (7,066,988)
<GROSS-ADVISORY-FEES>                          579,582
<INTEREST-EXPENSE>                           2,055,152
<GROSS-EXPENSE>                              2,449,953
<AVERAGE-NET-ASSETS>                         5,207,809
<PER-SHARE-NAV-BEGIN>                             9.84
<PER-SHARE-NII>                                   0.39
<PER-SHARE-GAIN-APPREC>                           0.10
<PER-SHARE-DIVIDEND>                              0.46
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                              0.05
<PER-SHARE-NAV-END>                               9.82
<EXPENSE-RATIO>                                   1.71
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>