EX-99.C1 ACCT CONSNT

                  Independent Auditors' Report


To the Shareholders and Board of Directors of
the Managed Municipals Portfolio Inc.:

In planning and performing our audit of the financial statements
of the Managed Municipals Portfolio Inc. ("Fund") for the year
ended May 31, 2002, we considered its internal control, including
control activities for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing
our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the
internal control.

The management of the Fund is responsible for establishing and
maintaining internal control.  In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefits and related costs of controls.  Generally,
controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes
that are fairly presented in conformity with accounting
principles generally accepted in the United States of America.
Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error or
fraud may occur and not be detected.  Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.

Our consideration of the internal control would not necessarily
disclose all matters in internal control that might be material
weaknesses under standards established by the American Institute
of Certified Public Accountants.  A material weakness is a
condition in which the design or operation of one or more of the
internal control components does not reduce to a relatively low
level the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions.  However, we noted no matters involving
the internal control and its operation, including controls for
safeguarding securities that we consider to be material
weaknesses as defined above as of May 31, 2002.

This report is intended solely for the information and use of
management and the Board of Directors of the Fund and the
Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.


                                                  KPMG LLP

New York, New York
July 10, 2002

EX-99.77O RULE 10F-3

                                  10F-3 REPORT

                            MANAGED MUNICIPALS
                              PORTFOLIO INC.

                     June 1, 2001 through May 31, 2002

              	       Trade                     Purchase          % of
Issuer        	       Date    	Selling Dealer   Amount     Price  Issue(1)



Triborough Bridge &    11/7/01   Bear Stearns   $1,000,000 $98.617 5.92% A
 Tunnel Authority NY
 Revenue
 5.000% due 1/1/32

Puerto Rico Public     12/19/01	Morgan Stanley 	 2,000,000  99.303  4.93 B
 Finance Corp. Revenue          Dean Witter
 5.125% due 8/1/30

Illinois State GO      2/1/02	Bear Stearns  	 2,000,000  99.707  4.87 C
 1st Series
 5.750% due 2/1/20

Triborough Bridge &    3/6/02   UBS Paine Webber 3,000,000  97.855 14.91 D
 Tunnel Authority NY
 Revenue General Purpose
 5.125% due 1/1/31






(1) Represents purchases by all affiliated funds; may not exceed
    25% of the principal amount of the offering.




A - Includes purchases of $65,950,000 by other Smith Barney Mutual Funds.
B - Includes purchases of $52,250,000 by other Smith Barney Mutual Funds.
C - Includes purchases of $16,250,000 by other Smith Barney Mutual Funds.
D - Includes purchases of $37,000,000 by other Smith Barney Mutual Funds.