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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000091155-98-000107.txt : 19980226
<SEC-HEADER>0000091155-98-000107.hdr.sgml : 19980226
ACCESSION NUMBER:		0000091155-98-000107
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980225
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SMITH BARNEY INTERMEDIATE MUNICIPAL FUND INC
		CENTRAL INDEX KEY:			0000882300
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133643581
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-44639
		FILM NUMBER:		98548973

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVE OF THE AMERICAS
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		2126985344

	MAIL ADDRESS:	
		STREET 2:		388 GREENWICH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10013

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMITH BARNEY INTERMEDIATE QUALITY MUNICIPAL FUND INC
		DATE OF NAME CHANGE:	19600201
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<TEXT>

SMITH BARNEY INTERMEDIATE MUNICIPAL FUND, INC.
SMITH BARNEY MUNICIPAL FUND, INC.
(the "Funds")

Supplement dated February 25, 1998 to 
Prospectuses dated
April 30, 1997

	The Funds may invest in zero coupon bonds.  
A zero coupon bond pays no interest in cash to 
its holder during its life, although interest is 
accrued during that period.  Its value to an 
investor consists of the difference between its 
face value at the time of maturity and the price 
for which it was acquired, which is generally an 
amount significantly less than its face value 
(sometimes referred to as a "deep discount" 
price).  Because such securities usually trade 
at a deep discount, they will be subject to 
greater fluctuations of market value in response 
to changing interest rates than debt obligations 
of comparable maturities which make periodic 
distributions of interest.  On the other hand, 
because there are no periodic interest payments 
to be reinvested prior to maturity, zero coupon 
securities eliminate the reinvestment risk and 
lock in a rate of return to maturity. 

FD 01413

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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