We consent to the reference to our firm under
the caption "Financial Statements and Experts"
and to the use of our report dated December 2,
1994, with respect to the financial statements
of Common Sense II Aggressive Opportunity Fund
(now named Growth Opportunity Fund), included
and incorporated by reference in Pre-Effective
Amendment No. 1 to the Registration Statement
on Form N-14 and the related Prospectus/Proxy
Statement of Smith Barney Investment Funds,
Inc.


                         /s/ Ernst & Young LLP

                              ERNST & YOUNG LLP


April 24, 1995
Houston, Texas