N-Q 1 dnq.htm SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC. Smith Barney Municipal Money Market Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-3112

Smith Barney Municipal Money Market Fund, Inc.

(Exact name of registrant as specified in charter)

125 Broad Street, New York, NY 10004

(Address of principal executive offices) (Zip code)

Robert I. Frenkel, Esq.

Legg Mason & Co., LLC

300 First Stamford Place

Stamford, CT 06902

(Name and address of agent for service)

Registrant’s telephone number, including area code: 1-800-451-2010

Date of fiscal year end: March 31

Date of reporting period: December 31, 2005

 



ITEM 1. SCHEDULE OF INVESTMENTS


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

FORM N-Q

DECEMBER 31, 2005


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  SHORT-TERM INVESTMENTS - 108.1%
  Alabama - 1.0%   
$ 1,920,000   

F-1+(a)

  

Auburn, AL, IDB, Donaldson Co. Project, LOC-Bank of America, 3.650%, 1/5/06 (b)(c)

   $ 1,920,000
  10,000,000   

VMIG1(d)

  

Birmingham, AL, Medical Clinic Board, University of Alabama Health Services Foundation, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     10,000,000
  3,000,000   

VMIG1(d)

  

Decatur, AL, IDB, Solid Waste Disposal Revenue, BP Amoco Chemical Co. Project, 3.850%, 1/3/06 (b)(c)

     3,000,000
  6,000,000   

A-1+

  

Decatur, AL, IDR, NEO Industries Project, Series 1998, LOC-Harris Bank, 4.450%, 1/5/06 (b)(c)

     6,000,000
  7,000,000   

A-1+

  

Huntsville Carlton Cove, AL, Carlton Cove Inc. Project, Series D, LOC-BNP Paribas SA, 3.530%, 1/5/06 (c)

     7,000,000
  6,050,000   

A-1

  

Huntsville-Redstone Village, Special Care, Series D, LOC-LaSalle Bank, 3.500%,

    1/5/06 (c)

     6,050,000
     

Jefferson County, AL, Sewer Revenue:

  
  7,300,000   

A-1+

  

Capital Improvement Warrants, Series A, FGIC-Insured, SPA-JPMorgan Chase, 3.580%, 1/5/06 (c)

     7,300,000
  10,000,000   

A-1+

  

Sub-Series B-7, XLCA-Insured, BPA-Lloyds Bank, 3.580%, 1/5/06 (c)

     10,000,000
  10,000,000   

A-1+

  

Stevenson, AL, IDB, Mead Corp. Project, Series A, LOC-JPMorgan Chase, 3.630%, 1/4/06 (b)(c)

     10,000,000
            
      Total Alabama      61,270,000
            
  Alaska - 0.2%   
  7,925,000   

A-1+

  

Alaska State Housing Finance Corp., Certificates, Series 1999-BB, LIQ-Bank of America, 3.660%, 1/5/06 (b)(c)

     7,925,000
  2,300,000   

A-1+

  

Valdez, AK, Marine Terminal, BP Pipelines Inc. Project, Series C, 3.780%, 1/3/06 (c)

     2,300,000
            
     

Total Alaska

     10,225,000
            
  Arizona - 0.5%   
  1,000,000   

A-1

  

Apache County, AZ, IDR, PCR, Tucson Electric Power Co., Series 83A, LOC-Credit Suisse First Boston, 3.550%, 1/4/06 (c)

     1,000,000
  1,450,000   

A-1+

  

Arizona Health Facilities Authority, Hospital Systems Revenue, Northern Arizona Healthcare, Series B, MBIA-Insured, LIQ-JPMorgan Chase, 3.510%, 1/5/06 (c)

     1,450,000
     

Phoenix, AZ, IDA:

  
  6,200,000   

VMIG1(d)

  

Desert Botanical Garden Project, LOC-Bank One, 3.580%, 1/4/06 (c)

     6,200,000
  6,840,000   

A-1+

  

Valley of the Sun YMCA Project, LOC-Bank of America, 3.750%, 1/3/06 (c)

     6,840,000
  15,000,000   

F-1+(a)

  

Tempe, AZ, IDA, Senior Living Revenue, Friendship Village Project, Series C, LOC-LaSalle Bank, 3.530%, 1/5/06 (c)

     15,000,000
            
     

Total Arizona

     30,490,000
            
  California - 2.7%   
  22,110,000   

A-1+

  

California HFA, MFH III, Series E, SPA-FNMA, 3.530%, 1/4/06 (b)(c)

     22,110,000
  17,360,000   

A-1+

  

California Housing Finance Agency Revenue, Series N, 3.520%, 1/4/06 (b)(c)

     17,360,000
     

California State:

  
  16,000,000   

A-1+

  

GO, Series A, Sub-Series A-1, LOC-Fortis Bank SA, 3.070%, 1/18/06 (c)

     16,000,000
  13,000,000   

A-1+

  

GO, Series B, Sub-Series B-5, LOC-Depfa Bank PLC, 3.070%, 1/25/06 (c)

     13,000,000
     

California State Department of Water Resources:

  
  15,000,000   

A-1+

  

Refunding, Sub-Series F-1, LOC-Lloyds TSB Bank PLC, 3.190%, 1/12/06 (c)

     15,000,000
  15,815,000   

A-1+

  

Series C-5, LOC-Dexia Credit Local, 3.530%, 1/5/06 (c)

     15,815,000
  30,000,000   

SP-1+

  

California State GO, RAN, 4.500% due 6/30/06

     30,215,211
     

Metropolitan Water District of Southern California:

  
  1,500,000   

A-1+

  

Series A, SPA-Landesbank Baden-Wuerttemberg, 3.530%, 1/5/06 (c)

     1,500,000
  22,000,000   

A-1+

  

Series B-1, SPA-Dexia Credit Local, 3.450%, 1/5/06 (c)

     22,000,000

 

See Notes to Schedule of Investments.

 

1


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  California (continued)   
     

Waterworks Revenue:

  
$ 12,355,000   

A-1+

  

Refunding, Series A-1, SPA-JPMorgan Chase, 3.450%, 1/5/06 (c)

   $ 12,355,000
  3,800,000   

A-1+

  

Series A, AMBAC-Insured, SPA-Lloyds TSB Bank PLC, 3.340%, 1/5/06 (c)

     3,800,000
            
     

Total California

     169,155,211
            
  Colorado - 1.1%   
  8,990,000   

A-1

  

Adams County, CO, School District, GO, MSTC, Series 2002-9050, Class A, PART, FSA-Insured, LIQ-Bear Stearns, 3.580%, 1/4/06 (c)(e)

     8,990,000
  3,800,000   

A-1+

  

Arvada, CO, Water, FSA-Insured, LIQ-Dexia Credit Finance Bank, 3.100%,

    1/3/06 (b)(c)

     3,800,000
  2,170,000   

VMIG1(d)

  

Colorado Educational & Cultural Facilities, National Jewish Federation Bond Program, Series A1, LOC-Bank of America N.A., 3.700%, 1/3/06 (c)

     2,170,000
  1,995,000   

A-1+

  

Colorado Educational & Cultural Facilities Authority Revenue, National Jewish Federal Bond Pg A-7, LOC-Bank of America NA, 3.700%, 1/3/06 (c)

     1,995,000
  3,700,000   

A-1+

  

Colorado HFA, MFH, Series B-3, Class 1, FHLB-Insured, SPA-FHLB, 3.650%,

    1/4/06 (b)(c)

     3,700,000
  3,150,000   

A-1+

  

Colorado Springs, CO, The Colorado College, 3.510%, 1/5/06 (c)

     3,150,000
  4,365,000   

VMIG1(d)

  

Erie, CO, COP, LOC-Keybank NA, 3.580%, 1/4/06 (c)

     4,365,000
     

Regional Transportation District, CO, COP, Series 2001-A, TECP, LOC-Westdeutsche Landesbank:

  
  24,500,000   

A-1+

  

2.800% due 1/4/06

     24,500,000
  10,000,000   

A-1+

  

2.820% due 1/9/06

     10,000,000
  7,500,000   

A-1+

  

3.150% due 2/2/06

     7,500,000
            
     

Total Colorado

     70,170,000
            
  Delaware - 0.7%   
     

Delaware State EDA:

  
  19,445,000   

A-1

  

Hospital Billing Collection, Series A, AMBAC-Insured, SPA-Morgan Stanley, 3.560%, 1/4/06 (c)

     19,445,000
  1,400,000   

A-1+

  

St. Andrews School Project, SPA-Bank of America, 3.550%, 1/5/06 (c)

     1,400,000
  7,500,000   

A-1

  

Delaware State EDA Revenue, Hospital Billing Collection, Series C, AMBAC-Insured, 3.520%, 1/4/06 (c)

     7,500,000
  7,000,000   

NR

  

Sussex County, DE, Perdue Farms Inc. Project, LOC-Rabobank Nederland, 3.650%, 1/5/06 (b)(c)

     7,000,000
  7,350,000   

A-1+

  

University of Delaware, Series A, LIQ-Bank of America, 3.580%, 1/4/06 (c)

     7,350,000
            
     

Total Delaware

     42,695,000
            
  District of Columbia - 2.1%   
     

District of Columbia Revenue:

  
  13,000,000   

VMIG1(d)

  

American College of Cardiology, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     13,000,000
  3,200,000   

A-1

  

American Red Cross, TECP, LOC-JPMorgan Chase, 2.800% due 1/4/06

     3,200,000
  56,875,000   

A-1+

  

GO, Series C, FGIC-Insured, 3.550%, 1/4/06 (c)

     56,875,000
  8,000,000   

VMIG1(d)

  

Hospital for Sick Children, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     8,000,000
  13,570,000   

VMIG1(d)

  

National Public Radio Inc., LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     13,570,000
  25,000,000   

VMIG1(d)

  

Sidwell Friends School, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     25,000,000
  3,480,000   

A-1+

  

Smithsonian, Series B, SPA-Bank of America, 3.500%, 1/5/06 (c)

     3,480,000
  6,575,000   

A-1+

  

Trinity College Issue, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     6,575,000
  4,230,000   

A-1+

  

Metropolitan Washington DC Airport Authority, Series C, FSA-Insured, SPA-Dexia Credit Local, 3.450%, 1/4/06 (b)(c)

     4,230,000
            
     

Total District of Columbia

     133,930,000
            
  Florida - 5.4%   
  9,785,000   

VMIG1(d)

  

Alachua County HFA, Oak Hammock University Project, Series A, BNP Paribas, 3.750%, 1/3/06 (c)

     9,785,000
  1,000,000   

VMIG1(d)

  

Alachua County, FL, Health Facilities Authority, Shands Teaching Hospital, Series A, LOC-SunTrust Bank, 3.750%, 1/3/06 (c)

     1,000,000

 

See Notes to Schedule of Investments.

 

2


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Florida (continued)   
$ 1,235,000   

VMIG1(d)

  

Brevard County, FL, HFA, Health Facilities Revenue, Refunding Bonds, Health First Inc. Project, LOC-SunTrust Bank, 3.750%, 1/3/06 (c)

   $ 1,235,000
  4,970,000   

A-1

  

Broward County, FL, School Board COP, MSTC, Series 9033, FSA-Insured, PART, LIQ-Bear Stearns, 3.530%, 1/4/06 (c)(e)

     4,970,000
  1,000,000   

VMIG1(d)

  

Broward County, FL, HFA, MFH, Sawgrass Pines Apartments Project, Series A, LOC-Bank of America, 3.570%, 1/5/06 (b)(c)

     1,000,000
  5,405,000   

VMIG1(d)

  

Clay County, FL, HFA, MFH, Nassau Club Apartments, LOC-Key Bank, 3.580%,

    1/4/06 (b)(c)

     5,405,000
  2,400,000   

A-1+

  

Dade County, FL, IDA Revenue, Dolphins Stadium Project, Series C, LOC-Societe Generale, 3.550%, 1/4/06 (c)

     2,400,000
  4,500,000   

A-1+

  

Duval County, FL, HFA, MFH Revenue, Glades Apartments, LIQ-FHLMC, 3.510%, 1/5/06 (c)

     4,500,000
  18,705,000   

A-1+

  

Duval County, FL, MFH, Lighthouse Bay Apartments, LIQ-FHLMC, 3.510%, 1/5/06 (c)

     18,705,000
     

Florida Local Government Finance Commission TECP, LOC-Wachovia Bank:

  
  4,510,000   

A-1

  

3.130% due 2/2/06

     4,510,000
  22,975,000   

A-1

  

3.100% due 2/6/06

     22,975,000
  12,298,000   

A-1

  

3.140% due 2/7/06

     12,298,000
  29,170,000   

A-1

  

3.100% due 3/2/06

     29,170,000
  20,000,000   

A-1

  

Florida State Municipal Power Agency, TECP, LOC-Wachovia Bank, 3.000% due 1/24/06

     20,000,000
     

Highlands County, FL, Health Facilities Authority, Adventist Health System:

  
     

Series A, LOC-SunTrust Bank:

  
  13,465,000   

A-1+

  

3.530%, 1/5/06 (c)

     13,465,000
  7,000,000   

A-1+

  

3.580%, 1/5/06 (c)

     7,000,000
  15,500,000   

A-1+

  

Series AR-2, FGIC-Insured, SPA-Bank of Nova Scotia, 3.530%, 1/5/06 (c)

     15,500,000
     

Hillsborough County, FL:

  
  2,840,000   

A-1+

  

Petroleum Packers Project, LOC-Bank of America, 3.620%, 1/4/06 (b)(c)

     2,840,000
  11,930,000   

A-1

  

School District Sales Tax Revenue, MSTC, Series 9032, AMBAC-Insured, PART, LIQ-Bear Stearns, 3.530%, 1/4/06 (c)(e)

     11,930,000
  15,500,000   

A-1+

  

Jacksonville, FL, Commercial Paper Notes, Series A, FGIC-Insured, TECP, LOC-Landesbank Baden Wurttemberg, 2.800% due 1/10/06

     15,500,000
  20,000,000   

A-1

  

Jacksonville, FL, Electric Authority, Series 200F, TECP, SPA-Landesbank Hessen-Thuringen, 2.900% due 1/23/06

     20,000,000
  9,350,000   

VMIG1(d)

  

Jacksonville, FL, Sales Tax Munitop, Series 2003-6, PART, MBIA-Insured, SPA-ABN AMRO Bank N.V., 3.530%, 1/5/06 (c)

     9,350,000
  2,250,000   

NR

  

Manatee County, FL, IDR, Avon Cabinet Corp., LOC-Bank of America, 3.650%,

    1/5/06 (b)(c)

     2,250,000
  9,210,000   

A-1

  

Manatee County, FL, PCR, Florida Power & Light Co. Project, 3.700%, 1/3/06 (c)

     9,210,000
  5,000,000   

A-1+

  

Miami Dade, FL, Airis Miami LLC Project, Series A, LOC-Bank of America, LIQ-Bayerische Landesbank, 3.420%, 1/5/06 (b)(c)

     5,000,000
  1,600,000   

F-1+(a)

  

Miami Dade, FL, HFA, Ward Towers Assisted Living, Series B, LOC-Bank of America, 3.600%, 1/5/06 (b)(c)

     1,600,000
  6,425,000   

NR

  

Miami Dade, FL, IDA, HFA, Lawson Industries Inc. Project, Series 1999, LOC-Bank of America, 3.650%, 1/5/06 (b)(c)

     6,425,000
  5,410,000   

Aa2(d)

  

Miami-Dade County, FL, IDA Revenue, Carrollton School Project, LOC-SunTrust Bank, 3.540%, 1/4/06 (c)

     5,410,000
  1,235,000   

A-1+

  

Miami-Dade County, FL, EFA Revenue, Florida International University Foundation Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     1,235,000
     

Orange County, FL:

  
  13,100,000   

A-1+

  

HFA, Adventist Sunbelt Health System, LOC-SunTrust Bank, 3.530%, 1/5/06 (c)

     13,100,000
  2,000,000   

A-1+

  

IDA, Blood and Tissue Services, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     2,000,000
  1,500,000   

A-1+

  

Orlando & Orange County Expressway Authority, Series C-2, FSA-Insured, SPA-Dexia Credit Local, 3.330%, 1/5/06 (c)

     1,500,000

 

See Notes to Schedule of Investments.

 

3


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Florida (continued)   
$ 38,870,000   

A-1

  

Pasco County, FL, School Board COP, AMBAC-Insured, SPA-Landesbank Hessen-Thuringen, 3.510%, 1/5/06 (c)

   $ 38,870,000
  300,000   

VMIG1(d)

  

Sarasota County Public Hospital Board Revenue, Sarasota Memorial Hospital, Series A, AMBAC-Insured, 3.750%, 1/3/06 (c)

     300,000
  100,000   

A-1+

  

St. Johns County, FL, HFA, Remington, LIQ-FNMA, 3.590%, 1/4/06 (c)

     100,000
  11,500,000   

VMIG1(d)

  

Sunshine State Governmental Financing Commission, AMBAC-Insured, SPA-Dexia Credit Local, 3.450%, 1/4/06 (c)

     11,500,000
  3,500,000   

Aa2(d)

  

Tallahassee-Leon County, FL, Tallahassee-Leon Civic Center, Series B, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     3,500,000
  6,000,000   

A-1+

  

West Orange, FL, Healthcare District, Series B, LOC-SunTrust Bank, 3.400%, 1/5/06 (c)

     6,000,000
            
     

Total Florida

     341,538,000
            
  Georgia - 9.0%   
     

Atlanta, GA, Airport Authority:

  
  8,000,000   

VMIG1(d)

  

MERLOT, Series CCC, PART, FGIC Insured, LIQ-Wachovia Bank, 3.590%,

    1/4/06 (b)(c)

     8,000,000
  9,995,000   

A-1

  

MSTC, Series 2001-137, PART, FGIC-Insured, LIQ-Bear Stearns, 3.600%,

    1/4/06 (b)(c)(e)

     9,995,000
  29,750,000   

A-1+

  

Series B-2, MBIA-Insured, 3.520%, 1/5/06 (c)

     29,750,000
  6,000,000   

AAA

  

Atlanta, GA, Airport Facilities Revenue, AMBAC-Insured, 6.500% due 1/1/06 (f)

     6,000,000
     

Atlanta, GA, Airport Revenue, General Series, MBIA-Insured:

  
  1,740,000   

A-1+

  

SPA-Landesbank Baden, 3.520%, 1/5/06 (c)

     1,740,000
  31,200,000   

A-1+

  

SPA-Landesbank Hessen-Thuringen, 3.540%, 1/5/06 (c)

     31,200,000
  24,000,000   

A-1+

  

SPA-Westdeutsche Landesbank, 3.510%, 1/5/06 (c)

     24,000,000
  8,100,000   

Aa2(d)

  

Bibb County, GA, Baptist Village Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     8,100,000
     

Burke County, GA:

  
     

Development Authority, PCR, Oglethorpe Power Corp.:

  
  3,600,000   

A-1+

  

Series B, AMBAC-Insured, SPA-JPMorgan Chase, 3.750%, 1/3/06 (c)

     3,600,000
  300,000   

A-1+

  

Vogtle, AMBAC-Insured, SPA-JPMorgan Chase, 3.750%, 1/3/06 (c)

     300,000
  32,655,000   

A-1+

  

PCR, Oglethorpe Power Corp., Series A, FGIC-Insured, SPA-Dexia Credit Local, 3.580%, 1/4/06 (c)

     32,655,000
  2,900,000   

Aa2(d)

  

Carrollton, GA, IDR, Holox Limited Project, LOC-Wachovia Bank, 3.620%,

    1/5/06 (b)(c)

     2,900,000
  6,600,000   

Aa1(d)

  

Clayton County, GA, Hospital Authority Revenue, Southern Regional Medical Center Project, Series B, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     6,600,000
     

Cobb County, GA:

  
  7,000,000   

VMIG1(d)

  

Boy Scouts of America Atlanta Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     7,000,000
  700,000   

Aa2(d)

  

IDR, RLR Industries Inc. Project, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     700,000
  11,400,000   

Aa2(d)

  

Columbus, GA, Hospital Authority Revenue, St. Francis Hospital Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     11,400,000
     

De Kalb County, GA:

  
  2,225,000   

VMIG1(d)

  

Development Authority Revenue, Woodruff Arts, LIQ-Bank of America, 3.510%, 1/4/06 (c)

     2,225,000
     

HFA:

  
  6,240,000   

A-1+

  

Clairmont Crest Project, FNMA, 3.580%, 1/4/06 (c)

     6,240,000
  13,600,000   

VMIG1(d)

  

Dekalb Medical Center Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     13,600,000
  9,000,000   

VMIG1(d)

  

Development Authority Revenue, Oglethorpe University Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     9,000,000
     

Forsythe County, GA:

  
  14,160,000   

VMIG1(d)

  

Development Authority Revenue, Atlanta YMCA Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     14,160,000

 

See Notes to Schedule of Investments.

 

4


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Georgia (continued)   
$ 1,300,000   

A1(d)

  

Development Authority, IDR, American BOA Inc. Project, LOC-Dresdner Bank, 3.600%, 1/4/06 (b)(c)

   $ 1,300,000
  19,920,000   

A-1+

  

Water and Sewer Authority, Series B, 3.510%, 1/5/06 (c)

     19,920,000
     

Fulton County, GA, Development Authority:

  
  6,710,000   

VMIG1(d)

  

Atlanta YMCA Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     6,710,000
  10,900,000   

Aa2(d)

  

Catholic School Properties Inc., LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     10,900,000
  1,300,000   

Aa2(d)

  

DFA, Spellman College Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     1,300,000
  3,880,000   

Aa2(d)

  

Holy Innocents School Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     3,880,000
  1,700,000   

Aa2(d)

  

IDA, Charles Mackarvich Project, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     1,700,000
  1,800,000   

Aa2(d)

  

Lovett School Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     1,800,000
  9,000,000   

A-1+

  

Residential Care Facilities, Lenbrook Square Foundation, LOC-Bank of Scotland, 3.800%, 1/3/06 (c)

     9,000,000
     

Robert W. Woodruff Arts Center Project:

  
  5,015,000   

VMIG1(d)

  

Series A, LIQ-Wachovia Bank, 3.520%, 1/4/06 (c)

     5,015,000
  39,200,000   

VMIG1(d)

  

Series B, LIQ-SunTrust Bank, 3.550%, 1/4/06 (c)

     39,200,000
  900,000   

A-1+

  

Sheltering Arms Project, LOC-Bank of America, 3.550%, 1/5/06 (c)

     900,000
  12,000,000   

VMIG1(d)

  

Shepherd Center Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     12,000,000
  5,750,000   

VMIG1(d)

  

Spellman College Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     5,750,000
  4,600,000   

VMIG1(d)

  

Trinity School Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     4,600,000
  5,400,000   

Aa2(d)

  

Woodward Academy Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     5,400,000
  5,850,000   

Aa2(d)

  

Gainesville, GA, Redevelopment Authority, EDA, Riverside Military Project, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     5,850,000
  570,000   

A-1+

  

Georgia Municipal Gas Authority Agency Project, Series A, LOC-Bayerische Landesbank, JPMorgan Chase, Landesbank Hessen-Thuringen, & Wachovia Bank, 3.580%, 1/4/06 (c)

     570,000
  2,000,000   

NR

  

Georgia State Port Authority Colonels Island Terminal Project, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     2,000,000
  6,290,000   

NR

  

Georgia, Medical Center Hospital Authority, Revenue Spring Harbor at Green Island, LOC-Bank of Scotland, 3.530%, 1/5/06 (c)

     6,290,000
  5,300,000   

Aa2(d)

  

Gwinett County, GA, Development Authority, Wesleyan School Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     5,300,000
     

Gwinnett County, GA, Hospital Authority Revenue, Gwinnett Hospital System Inc. Project:

  
  1,000,000   

A-1+

  

FNMA, 2.000%, 1/4/06 (c)

     1,000,000
  14,150,000   

A-1+

  

LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     14,150,000
  1,500,000   

Aa2(d)

  

Jackson County, GA, IDA, Snider Tire Inc. Project, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     1,500,000
  15,590,000   

VMIG1(d)

  

Macon-Bibb County, GA, Hospital Authority, Medical Center Central Georgia, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     15,590,000
     

Monroe County, GA, Development Authority, PCR:

  
  1,000,000   

A-1+

  

Oglethorpe Power Corp. Project, AMBAC-Insured, SPA-JPMorgan Chase, 3.750%, 1/3/06 (c)

     1,000,000
     

Oglethorpe Power:

  
  3,310,000   

A-1+

  

Scherer A, AMBAC-Insured, LIQ-JPMorgan Chase, 3.750%, 1/3/06 (c)

     3,310,000
  3,000,000   

A-1+

  

Scherer B, AMBAC-Insured, SPA-JPMorgan Chase, 3.750%, 1/3/06 (c)

     3,000,000
     

Municipal Electric Authority of Georgia:

  
  4,715,000   

A-1+

  

MSTC, Series SGA-1, PART, MBIA-Insured, LOC-Societe Generale, 3.600%,

    1/4/06 (c)

     4,715,000
     

Series 1985 B, LIQ-JPMorgan Chase:

  
  20,200,000   

A-1+

  

3.130% due 1/11/06

     20,200,000
  23,600,000   

A-1+

  

3.150% due 1/11/06

     23,600,000
  1,000,000   

A-1+

  

3.200% due 1/11/06

     1,000,000

 

See Notes to Schedule of Investments.

 

5


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Georgia (continued)   
$ 30,435,000   

A-1+

  

Private Colleges & Universities Authority, GA, Emory University, Series SG-146 PART, LIQ-Societe Generale, 3.550%, 1/5/06 (c)(e)

   $ 30,435,000
  5,595,000   

A-1+

  

Private Colleges & Universities Facilities Authority, Emory University, Series B, 3.350%, 1/4/06 (c)

     5,595,000
  17,000,000   

Aa2(d)

  

Rabun County, GA, Development Authority MFH, Nocoochee School Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     17,000,000
  22,300,000   

VMIG1(d)

  

Richmond County Hospital Authority, University Health Services Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     22,300,000
  5,500,000   

A-1+

  

Richmond County, GA, DFA Educational Facilities, St. Mary on the Hill Project, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     5,500,000
  8,345,000   

A-1+

  

Roswell, GA, Housing Authority Post Canyon Project, FNMA-Insured, LOC-FNMA, 3.540%, 1/4/06 (c)

     8,345,000
  4,480,000   

Aa2(d)

  

Screven County, GA, IDA, IDR, Sylvania Yarn Systems Inc., LOC-Wachovia Bank, 3.570%, 1/4/06 (b)(c)

     4,480,000
  5,500,000   

Aa2(d)

  

Smyrna, GA, Housing Authority, MFH, Walnut Grove Project, LOC-Wachovia Bank, 3.570%, 1/5/06 (b)(c)

     5,500,000
  3,000,000   

Aa2(d)

  

Tift County, GA, IDR, Queen Carpet Corp. Project, Series A, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     3,000,000
  1,500,000   

NR

  

Valdosta-Lowndes County, GA, IDA, IDR, South Georgia Pecan Co. Project, LOC-SunTrust Bank, 3.600%, 1/5/06 (b)(c)

     1,500,000
            
     

Total Georgia

     571,270,000
            
  Hawaii - 0.6%   
  20,000,000   

A-1+

  

City and County of Honolulu HI, GO, TECP, Series W, LOC-Westdeutsche Landesbank, 2.880% due 2/16/06

     20,000,000
     

Hawaii State Airport System, PART:

  
  10,845,000   

A-1

  

GO, MSTC, Series 2001-119, Series A, FSA-Insured, LIQ-Bear Stearns, 3.600%, 1/4/06 (c)(e)

     10,845,000
  10,225,000   

A-1

  

MSTC, Series 2001-146, Series A, FGIC-Insured, LIQ-Bear Stearns, 3.600%,

    1/4/06 (b)(c)(e)

     10,225,000
            
     

Total Hawaii

     41,070,000
            
  Idaho - 0.6%   
  4,800,000   

VMIG1(d)

  

Idaho Housing & Finance Assistance Housing Revenue, Balmoral Apartments II Development, LOC-U.S. Bank, 3.850%, 1/3/06 (b)(c)

     4,800,000
  30,000,000   

SP-1+

  

Idaho State, TAN, 4.000% due 6/30/06

     30,193,795
            
     

Total Idaho

     34,993,795
            
  Illinois - 10.2%   
  8,140,000   

AAA

  

Chicago, IL, Board of Education, MSTC, PART, Series 1999-71, Class A, FGIC-Insured, LIQ-Bear Stearns, 3.590%, 1/4/06 (c)(e)

     8,140,000
  15,000,000   

A-1+

  

Chicago, IL, GO, MSTC, Series SGA 99R, PART, FGIC-Insured, LIQ-Societe Generale, 3.600%, 1/4/06 (c)

     15,000,000
  8,500,000   

A-1+

  

Chicago, IL, Metropolitan Water Reclamation District, Capital Improvement, Series E, SPA-Landesbank Hessen-Thuringen, 3.530%, 1/4/06 (c)

     8,500,000
  3,355,000   

NR

  

Chicago, IL, MFH, Hyde Park Redevelopment Ltd. Project, LOC-Harris Bank, 3.650%, 1/5/06 (b)(c)

     3,355,000
  1,845,000   

A-1+

  

Chicago, IL, O’Hare International Airport, Series 1994-C, LOC-Societe Generale, 3.550%, 1/4/06 (c)

     1,845,000
  9,760,000   

A-1

  

Chicago, IL, O’Hare International Airport, MSTC, Series 2001-158, Class A, PART, AMBAC-Insured, LIQ-Bear Stearns, 3.600%, 1/4/06 (b)(c)(e)

     9,760,000
     

Chicago, IL, Water Revenue:

  
  66,940,000   

A-1+

  

MBIA-Insured, SPA-Dexia Credit Local, 3.510%, 1/5/06 (c)

     66,940,000
  46,040,000   

VMIG1(d)

  

Munitop, Series 1998-4E, FGIC-Insured, PART, SPA-ABN AMRO Bank N.V., 3.530%, 1/5/06 (c)

     46,040,000
     

Chicago, IL:

  
     

GO:

  
  31,600,000   

A-1+

  

Series B, FGIC-Insured, SPA-Landesbank Baden Wurttemberg, 3.490%, 1/5/06 (c)

     31,600,000

 

See Notes to Schedule of Investments.

 

6


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Illinois (continued)   
$ 5,090,000   

A-1

  

MSTC, PART, Series 9012, FGIC-Insured, LIQ-Bear Stearns, 3.580%, 1/4/06 (c)(e)

   $ 5,090,000
  44,900,000   

A-1+

  

Tax Increment, Senior Lien Allocation, Series A, LOC-Bank of New York, 3.580%, 1/4/06 (c)

     44,900,000
  4,000,000   

VMIG1(d)

  

Cook County, IL, Catholic Theological University Project, LOC-Harris Bank, 3.530%, 1/4/06 (c)

     4,000,000
     

Cook County, IL, GO:

  
  16,757,000   

VMIG1(d)

  

Munitops, Series 1998-14, PART, FGIC-Insured, SPA-ABN AMRO, 3.560%,

    1/5/06 (c)(e)

     16,757,000
  3,500,500   

VMIG1(d)

  

Series 458, FGIC-Insured PART, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     3,500,500
     

Cook County, IL, IDR:

  
  1,875,000   

A-1

  

Kenneth Properties Project, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     1,875,000
  2,275,000   

A-1

  

Little Lady Foods Inc. Project, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     2,275,000
  7,185,000   

A-1+

  

Crestwood, IL, Tax Increment Revenue, Cicero Redevelopment Project, LOC-Fifth Third Bank, 3.560%, 1/5/06 (c)

     7,185,000
  710,000   

A-1

  

DuPage County, Transportation Revenue, MSTC, PART, Series 2001-140, Class A, FSA-Insured, LIQ-Bear Stearns, 3.600%, 1/4/06 (c)(e)

     710,000
  9,995,000   

A-1

  

Dupage, Illinois, Transportation Revenue, MSTC, Series 2001-139, Class A, PART, FSA-Insured, LIQ-Bear Stearns, 3.600%, 1/4/06 (c)(e)

     9,995,000
  14,715,000   

A-1+

  

Elgin, IL, Educational Facilities Revenue, Harvest Christian Academy, LOC-Fifth Third Bank, 3.530%, 1/5/06 (c)

     14,715,000
     

Illinois DFA:

  
  3,990,000   

A-1+

  

Affordable Housing Revenue, Cinnamon Lake Towers, LOC-JPMorgan Chase, 3.630%, 1/4/06 (b)(c)

     3,990,000
  2,000,000   

VMIG1(d)

  

Carmel High School Project, LOC-LaSalle Bank, 3.530%, 1/4/06 (c)

     2,000,000
  4,600,000   

VMIG1(d)

  

Chicago Educational Television Association, Series A, LOC-LaSalle Bank, 3.580%, 1/4/06 (c)

     4,600,000
  27,735,000   

A-1+

  

Evanston-Northwestern Health Care Corp., Series C, SPA-Bank One N.A., 3.570%, 1/3/06 (c)

     27,735,000
     

IDR:

  
  3,200,000   

A-1+

  

Delta-Unibus Corp. Project, LOC-LaSalle Bank, 3.650%, 1/5/06 (b)(c)

     3,200,000
  5,000   

A-1

  

F.C. Ltd. Partnership Project, LOC-LaSalle Bank, 3.560%, 1/4/06 (b)(c)

     5,000
  5,000,000   

A-1

  

Prairie Packaging Inc. Project, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     5,000,000
  2,685,000   

A-1

  

Profile Packaging Inc. Project, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     2,685,000
  3,440,000   

A-1

  

Six West Hubbard Street, LOC-LaSalle Bank, 3.250%, 2/1/06 (b)(c)

     3,440,000
  2,550,000   

A-1

  

Universal Press Inc. Project, Series A, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     2,550,000
  4,800,000   

VMIG1(d)

  

Jewish Federation of Metropolitan Chicago Projects, AMBAC-Insured, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     4,800,000
  4,500,000   

A-1

  

Oak Park Residence Corp. Project, LOC-ABN AMRO, 3.500%, 1/5/06 (c)

     4,500,000
     

Illinois EFA:

  
  18,000,000   

A-1+

  

University of Chicago TECP, 3.100% due 6/27/06

     18,000,000
  4,400,000   

A-1

  

Xavier University Project, Series A, LOC-LaSalle Bank, 3.500%, 1/5/06 (c)

     4,400,000
     

Illinois Finance Authority:

  
  12,500,000   

F-1+(a)

  

Friendship Village Schaumburg, Series C, LOC-LaSalle Bank, 3.530%, 1/5/06 (c)

     12,500,000
  5,000,000   

A-1+

  

Illinois College, LOC-U.S. Bank, 3.530%, 1/5/06 (c)

     5,000,000
  2,680,000   

VMIG1(d)

  

Kohl Children’s Museum, LOC-Fifth Third Bank, 3.530%, 1/4/06 (c)

     2,680,000
  4,000,000   

VMIG1(d)

  

Lake Forest Country Day School, LOC-Northern Trust Company, 3.530%, 1/4/06 (c)

     4,000,000

 

See Notes to Schedule of Investments.

 

7


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Illinois (continued)   
$ 12,500,000   

F-1+(a)

  

Landing At Plymouth Place, Series C, LOC-LaSalle Bank NA, 3.550%, 1/5/06 (c)

   $ 12,500,000
  2,100,000   

A-1+

  

Northwestern Memorial, Subordinated Series B1, SPA-Bank of Nova Scotia, 3.700%, 1/3/06 (c)

     2,100,000
  10,000,000   

VMIG1(d)

  

Spertus Institute, LOC-The Northern Trust Co., 3.520%, 1/4/06 (c)

     10,000,000
  25,000,000   

F-1+(a)

  

The Clare At Water Project, Series D, LOC-LaSalle Bank NA, 3.550%, 1/5/06 (c)

     25,000,000
  8,300,000   

A-1+

  

YMCA Metropolitan Chicago Project, LOC-Harris Bank, 3.580%, 1/4/06 (c)

     8,300,000
  2,480,000   

A-1

  

Illinois HDA, Community Howard Theater, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     2,480,000
     

Illinois Health Facilities Authority:

  
  11,035,000   

A-1+

  

Alexian Brothers Medical Center, TECP, LIQ-JPMorgan Chase, 2.820% due 1/3/06

     11,035,000
  1,250,000   

A-1+

  

Carle Foundation, Series B, AMBAC-Insured, LIQ-Northern Trust Bank, 3.550%, 1/4/06 (c)

     1,250,000
  12,400,000   

A-1

  

Franciscan Eldercare Project, Series C, LOC-ABN AMRO, 3.550%, 1/5/06 (c)

     12,400,000
  7,650,000   

A-1

  

Lutheran Senior Ministries Inc., Series B, LOC-ABN AMRO, 3.540%, 1/5/06 (c)

     7,650,000
  6,685,000   

A-1+

  

Northwestern Memorial Hospital, SPA-JPMorgan Chase, 3.580%, 1/4/06 (c)

     6,685,000
  8,800,000   

A-1+

  

Order of Saint Francis Healthcare Systems, LOC-Fifth Third Bank, 3.700%, 1/3/06 (c)

     8,800,000
  12,095,000   

VMIG1(d)

  

Pekin Memorial Hospital, Series B, LOC-Fifth Third Bank, 3.620%, 1/5/06 (c)

     12,095,000
  7,200,000   

A-1

  

Revolving Fund Pooled Loan, Series F, LOC-JPMorgan Chase, 3.550%, 1/4/06 (c)

     7,200,000
  17,665,000   

A-1+

  

Rosalind Franklin University of Medicine and Sciences, LOC-Bank One, 3.550%, 1/4/06 (c)

     17,665,000
  2,995,000   

A-1

  

Series C, LOC-ABN AMRO, 3.540%, 1/5/06 (c)

     2,995,000
  4,875,000   

A-1+

  

University Chicago Hospitals, MBIA GO Of Corp.-Insured, SPA-Bank One Illinois N.A., 3.700%, 1/3/06 (c)

     4,875,000
  1,250,000   

A-1+

  

Illinois State, Refunding, Series B, SPA-Depfa Bank PLC, 3.580%, 1/4/06 (c)

     1,250,000
     

Illinois State Toll Highway Authority:

  
  19,300,000   

A-1

  

MSTC, Series 98-67, Class A, PART, FSA-Insured, LIQ-Bear Stearns, 3.600%,

    1/4/06 (c)(e)

     19,300,000
  19,800,000   

AAA

  

Toll Highway Revenue, Series B, FSA-Insured, 3.400%, 1/5/06 (c)

     19,800,000
     

Illinois Student Assistance Commission Student Loan Revenue, Series A:

  
  665,000   

VMIG1(d)

  

LOC-Bank of America, 3.550%, 1/4/06 (b)(c)

     665,000
  1,000,000   

VMIG1(d)

  

MBIA-Insured, SPA-Bank of America, 3.550%, 1/4/06 (b)(c)

     1,000,000
  5,000,000   

A-1+

  

Lisle, IL, Housing Four Lakes Phase V, FNMA-Insured, 3.400%, 1/4/06 (c)

     5,000,000
  3,500,000   

A-1+

  

Lisle, IL, MFH, Ashley of Lisle Project, FHLB-COL, 3.520%, 1/4/06 (c)

     3,500,000
  3,300,000   

A-1+

  

Lockport, IL, IDR, Panduit Corp. Project, LOC-Fifth Third Bank, 3.520%, 1/4/06 (b)(c)

     3,300,000
  1,000,000   

A-1

  

MSTC, Series 2000-93, Class A, PART, LIQ-Bear Stearns, 3.750%, 1/3/06 (b)(c)

     1,000,000
  1,430,000   

A-1

  

Oak Lawn, IL, IDR, Lavergne Partners Project, 3.560%, 1/5/06 (b)(c)

     1,430,000
  5,250,000   

Aa2(d)

  

Pepkin, IL, IDR, BOC Group Inc. Project, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     5,250,000
  5,075,000   

A-1

  

Plainfield, IL, IDR, Plainfield Molding Project, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     5,075,000
  4,845,000   

VMIG1(d)

  

Regional Transportation Authority of Illinois, MERLOT, Series A-73, PART, MBIA-Insured, LIQ-Wachovia Bank, 3.540%, 1/4/06 (c)

     4,845,000
  6,000,000   

A-1

  

University of Illinois, MSTC, Series 9031, AMBAC-Insured PART, LIQ-Bear Stearns, 3.580%, 1/4/06 (c)(e)

     6,000,000

 

See Notes to Schedule of Investments.

 

8


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Illinois (continued)   
$ 2,500,000   

A-1+

  

Will County, IL, Exempt Facilities Revenue, Industrial BP Amoco Chemical Co. Project, 3.850%, 1/3/06 (b)(c)

   $ 2,500,000
            
     

Total Illinois

     646,212,500
            
  Indiana - 2.6%   
  985,000   

Aa2(d)

  

Bluffton, IN, IDR, Snider Tire Inc. Project, LOC-Wachovia Bank, 3.620%,

    1/5/06 (b)(c)

     985,000
  3,850,000   

VMIG1(d)

  

Columbus, IN, EDR, Waters Edge Apartments, LOC-FHLB, 3.600%, 1/5/06 (c)

     3,850,000
  4,100,000   

P-1(d)

  

Fort Wayne, IN, EDR, Technology Project, LOC-JPMorgan Chase, 3.630%,

    1/4/06 (b)(c)

     4,100,000
  21,005,000   

A-1

  

Fort Wayne, IN, Parkview Memorial Hospital, Series 1997-19, Class A, 144A, MBIA-Insured, LIQ-Bear Stearns, EMT, 3.560%, 1/4/06 (c)(e)(f)

     21,005,000
  2,624,000   

VMIG1(d)

  

Franklin, IN, EDR, Pedcor Investments, LOC-FHLB, 3.630%, 1/5/06 (b)(c)

     2,624,000
  4,300,000   

VMIG1(d)

  

Indiana Health and Educational Facilities Finance Authority, Porter Project, Series A, LOC-Fifth Third Bank, 3.560%, 1/6/06 (c)

     4,300,000
     

Indiana Health Facilities Finance Authority:

  
  9,380,000   

A-1

  

Community Hartsfield Village Project, Series B, LOC-LaSalle Bank, 3.540%, 1/5/06 (c)

     9,380,000
  9,205,000   

A-1

  

Franciscan Eldercare Project, Series B, LOC-LaSalle Bank, 3.540%, 1/5/06 (c)

     9,205,000
  5,050,000   

VMIG1(d)

  

Riverview Hospital Project, LOC-National City Bank, 3.540%, 1/5/06 (c)

     5,050,000
  4,900,000   

NR

  

Union Hospital Inc. Project, LOC-Fifth Third Bank, 3.580%, 1/6/06 (c)

     4,900,000
     

Indiana Health Facilities Financing Authority:

  
  4,700,000   

A-1+

  

Community Health Network Project, Series C, LOC-Fifth Third Bank, 3.560%, 1/5/06 (c)

     4,700,000
  15,000,000   

A-1+

  

Community Hospital Project, Series B, LOC-JPMorgan Chase, 3.570%, 1/5/06 (c)

     15,000,000
  3,500,000   

A-1+

  

Indiana Health Facility Financing Authority, Ascension Health Credit, Series B, 3.530%, 1/4/06 (c)

     3,500,000
     

Indiana State EFA:

  
  400,000   

VMIG1(d)

  

Franklin College Project, LOC-JPMorgan Chase, 3.800%, 1/3/06 (c)

     400,000
  1,800,000   

VMIG1(d)

  

Wabash College Project, LOC-JPMorgan Chase, 3.570%, 1/5/06 (c)

     1,800,000
  2,415,000   

VMIG1(d)

  

Indiana State EFA Revenue, Educational Facilities Marian College Project, LOC-Bank One, 3.580%, 1/5/06 (c)

     2,415,000
  4,600,000   

A-1

  

Indiana State Office Building Commission Facilities Pendleton, Juvenile Facility, Series A, 3.550%, 1/4/06 (c)

     4,600,000
  3,000,000   

A-1

  

Indiana State Office Building Community Facilities Revenue, Miami Correctional Facilities, Series II-A, SPA-Key Bank, 3.560%, 1/4/06 (c)

     3,000,000
     

Indiana TFA:

  
  5,500,000   

A-1+

  

Highway Revenue, Series SGA 113, LIQ-Societe Generale, Call 12/1/10 @ 100, 3.730%, 1/3/06 (c)(g)

     5,500,000
  2,795,000   

VMIG1(d)

  

Series 853, FSA-Insured, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     2,795,000
  1,401,000   

VMIG1(d)

  

Indiana University Revenues, LIQ-Northern Trust, 3.510%, 1/5/06 (c)

     1,401,000
  14,435,000   

SP-1+

  

Indianapolis Industrial Local Public Improvement Bond Bank, Series E, 4.000%

    due 1/6/06

     14,436,639
  2,900,000   

A-1+

  

Indianapolis, IN, Refunding, Waterworks Project, Series G-1, MBIA-Insured, SPA-Depfa Bank PLC, 3.520%, 1/5/06 (c)

     2,900,000
  7,348,000   

NR

  

Indianapolis, IN, EDA, Pedcor Waterfront Investments, Series 1999-A, LOC-FHLB, 3.600%, 1/5/06 (b)(c)

     7,348,000
  13,900,000   

A-1+

  

Petersburg, IN, PCR, Indiana Power and Light Co., Series B, AMBAC-Insured, BPA-LaSalle National Bank, 3.580%, 1/4/06 (c)

     13,900,000
  9,825,000   

A-1

  

Warren Township, IN, School Building Corp., MERLOT, Series A52, FGIC-Insured PART, LIQ-Wachovia Bank, 3.540%, 1/4/06 (c)

     9,825,000
  3,325,000   

A-1+

  

Whiting, IN, Environmental Facilities, Revenue, BP Products North America, 3.850%, 1/3/06 (b)(c)

     3,325,000
            
     

Total Indiana

     162,244,639
            

 

See Notes to Schedule of Investments.

 

9


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Iowa - 1.2%   
$ 1,165,000   

A-1+

  

Grinnell, IA, Hospital Revenue Grinnell Medical Center, LOC-U.S. Bank, 3.800%, 1/3/06 (c)

   $ 1,165,000
     

Iowa Finance Authority:

  
  2,825,000   

NR

  

Economic Development Monarch Manufacturing Co., LOC-LaSalle Bank, 3.850%, 1/3/06 (b)(c)

     2,825,000
  17,975,000   

A-1+

  

Iowa Health Systems, Series B, AMBAC-Insured, SPA-Harris Bank, 3.550%, 1/4/06 (c)

     17,975,000
  15,000,000   

A-1

  

Retirement Community Revenue, Deerfield Retirement, Series A, LOC-LaSalle Bank, 3.550%, 1/5/06 (c)

     15,000,000
  6,000,000   

A-1+

  

Small Business Development Revenue, Corp. Center Association L.P. Project, LOC-Bank of America, 3.520%, 1/5/06 (c)

     6,000,000
  6,000,000   

A-1+

  

Wesley Retirement Services Inc. Project, Series B, LOC-Wells Fargo Bank, 3.530%, 1/5/06 (c)

     6,000,000
  15,000,000   

SP-1+

  

Iowa State, GO, TRAN, 4.500% due 6/30/06

     15,092,306
  13,495,000   

A-1

  

Iowa State Vision Special Fund MSTC, Series 2001-173, PART, MBIA-Insured, LIQ-Bear Stearns, 3.590%, 1/4/06 (c)(e)

     13,495,000
            
     

Total Iowa

     77,552,306
            
  Kansas - 1.6%   
     

Kansas State Department of Transportation Highway Revenue:

  
  4,995,000   

VMIG1(d)

  

Series 878, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     4,995,000
  29,800,000   

A-1+

  

Series B-1, 3.500%, 1/5/06 (c)

     29,800,000
  28,900,000   

A-1+

  

Series B-2, SPA-Dexia Credit Local & Westdeutsche Landesbank, 3.500%,

    1/5/06 (c)

     28,900,000
  19,655,000   

A-1+

  

Series B-3, SPA-Dexia Credit Local & Westdeutsche Landesbank, 3.500%,

    1/5/06 (c)

     19,655,000
  2,500,000   

A-1+

  

Kansas State Development Finance Authority Lease Revenue, Kansas Department of Administration, Series J-2, LIQ-Kansas State Investment, 3.750%, 1/3/06 (c)

     2,500,000
  1,325,000   

Aa2(d)

  

Lawrence, KS, IDR, Ram Co. Project, Series A, LOC-Wachovia Bank, 3.620%,

    1/5/06 (b)(c)

     1,325,000
     

Wichita, KS, Airport Authority Flight Safety International:

  
  13,000,000   

VMIG1(d)

  

3.570%, 1/5/06 (b)(c)

     13,000,000
  2,860,000   

VMIG1(d)

  

Series A, 3.570%, 1/5/06 (b)(c)

     2,860,000
            
     

Total Kansas

     103,035,000
            
  Kentucky - 0.9%   
  10,688,000   

VMIG1(d)

  

Breckinridge County, KY Association of Counties Leasing Trust Lease Program Revenue, Series A, LOC-U.S. Bank, 3.700%, 1/3/06 (c)

     10,688,000
  11,000,000   

A-1+

  

Campbell and Kenton Counties, KY, Sanitation District Series, SGA-130, PART, FSA-Insured, LIQ-Societe Generale, 3.600%, 1/4/06 (c)

     11,000,000
  3,000,000   

A-1+

  

Daviess County, KY, Exempt Facilities, Kimberly-Clark Corp. Project, 3.550%,

    1/4/06 (b)(c)

     3,000,000
     

Daviess County, KY, Solid Waste Disposal Facilities, Scott Paper Co. Project:

  
  1,850,000   

A-1+

  

Series A, 3.550%, 1/5/06 (b)(c)

     1,850,000
  4,800,000   

A-1+

  

Series B, 3.550%, 1/4/06 (b)(c)

     4,800,000
  2,990,000   

A-1

  

Kentucky State Property & Building Commission, MSTC, Series 9027, FSA-Insured, PART, LIQ-Bear Stearns, 3.580%, 1/4/06 (c)(e)

     2,990,000
  15,068,500   

A-1

  

Kentucky State Turnpike Authority, Series 567, PART, FSA-Insured, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     15,068,500
     

Lexington-Fayette Urban County Airport Corp., First Mortgage:

  
  1,700,000   

A-1+

  

Series A, SPA-Dexia Credit Local, 3.750%, 1/3/06 (b)(c)

     1,700,000
  2,300,000   

AAA(a)

  

Series C, MBIA-Insured, SPA-Dexia Credit Local, 3.750%, 1/3/06 (b)(c)

     2,300,000
  2,200,000   

A-1

  

Owensboro, KY, IDR, West Irving Die Castings, LOC-ABN AMRO, 3.560%,

    1/5/06 (b)(c)

     2,200,000
            
     

Total Kentucky

     55,596,500
            

 

See Notes to Schedule of Investments.

 

10


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Louisiana - 0.5%   
     

Louisiana Local Government Environmental Facilities, Development Authority, BASF Corp. Project:

  
$ 18,000,000   

A-1+

  

3.600%, 1/4/06 (b)(c)

   $ 18,000,000
  6,000,000   

SP1+

  

Series A, 3.600%, 1/4/06 (b)(c)

     6,000,000
  5,000,000   

A-1+

  

Series B, 3.550%, 1/4/06 (c)

     5,000,000
            
     

Total Louisiana

     29,000,000
            
  Maine - 0.2%   
  3,550,000   

A-1+

  

Auburn, ME, Revenue Obligation Morse Brothers Inc. Project, LOC-Bank of America, 3.620%, 1/4/06 (b)(c)

     3,550,000
  1,670,000   

A-1+

  

Gorham, ME, Revenue Obligation Montalvo Properties LLC Project, Series A, LOC-Bank of America, 3.650%, 1/4/06 (b)(c)

     1,670,000
  7,500,000   

A-1+

  

Maine State Housing Authority, Series D-3, SPA-State Street Bank, 3.550%, 1/5/06 (b)(c)

     7,500,000
            
     

Total Maine

     12,720,000
            
  Maryland - 4.2%   
  4,000,000   

A-1+

  

Anne Arundel County, MD, BAN, GO, TECP, Series A, BPA-Westdeutsche Landesbank, 3.100% due 2/1/06

     4,000,000
     

Baltimore County, MD, Public Improvement BAN, Series 2002, TECP, LIQ-Westdeutsche Landesbank:

  
  20,000,000   

A-1+

  

2.800% due 1/6/06

     20,000,000
  12,500,000   

A-1+

  

2.820% due 1/9/06

     12,500,000
  3,555,000   

A-1

  

Baltimore County, MD, Housing Revenue, Springhill Realty & Co., GNMA-Collateralized, LOC-KBC Bank N.V., 3.540%, 1/4/06 (c)

     3,555,000
     

Howard County, MD:

  
  1,940,000   

A-1+

  

IDR, Preston County Ltd. Partnership, LOC-SunTrust Bank, 3.150%, 1/3/06 (b)(c)

     1,940,000
  8,620,000   

A-1

  

Vantage House Facilities, Series B, LOC-LaSalle Bank, 3.530%, 1/5/06 (c)

     8,620,000
  6,650,000   

VMIG1(d)

  

Maryland CDA Department of Housing and Community, Series F, SPA-Lloyds Bank PLC, 3.540%, 1/5/06 (b)(c)

     6,650,000
  1,385,000   

A-1

  

Maryland CDA, MSTC, Series 1999-76, Class A, PART, FSA-Insured, LIQ-Bear Stearns, 3.600%, 1/4/06 (b)(c)(e)

     1,385,000
  10,000,000   

VMIG1(d)

  

Maryland Health & Higher Educational Facilities Authority, Adventist Healthcare, Series A, LOC-LaSalle Bank NA, 3.550%, 1/5/06 (c)

     10,000,000
  9,600,000   

VMIG1(d)

  

Maryland Health and Higher Educational Facilities Authority Revenue, University of Maryland Medical System, Series A, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     9,600,000
  9,575,000   

A-1

  

Maryland State, GO, PART, Series 389, LIQ-Merrill Lynch, 3.540%, 1/5/06 (c)

     9,575,000
  28,660,000   

A-1+

  

Maryland State Health & Higher Educational Facilities Authority, University Maryland Medical Systems, Series A, AMBAC-Insured, SPA-JPMorgan Chase, 3.510%,

    1/5/06 (c)

     28,660,000
  20,250,000   

VMIG1(d)

  

Maryland State Health and Higher Education Facilities Authority, Holton-Arms School, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     20,250,000
  94,680,000   

A-1+

  

Maryland State Stadium Authority Sports Facilities Lease, LIQ-Bank of America, 3.590%, 1/4/06 (b)(c)

     94,680,000
  2,165,000   

VMIG1(d)

  

Maryland State, IDR, Calvert School Inc., LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     2,165,000
     

Montgomery County, MD, EDA Bonds:

  
     

Howard Hughes Medical Institute Facilities:

  
  8,500,000   

A-1+

  

Series A, 3.550%, 1/4/06 (c)

     8,500,000
  12,900,000   

A-1+

  

Series C, 3.550%, 1/4/06 (c)

     12,900,000
  5,840,000   

VMIG1(d)

  

Sandy Springs Friends School Facility, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     5,840,000

 

See Notes to Schedule of Investments.

 

11


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Maryland (continued)   
$ 6,265,000   

A-1

  

Montgomery County, MD, GO, Series PT-401, SPA-Merrill Lynch, 3.550%,

    1/5/06 (c)

   $ 6,265,000
            
     

Total Maryland

     267,085,000
            
  Massachusetts - 4.3%   
  5,000,000   

SP-1+

  

Lynnfield, MA, GO, BAN, 3.500% due 3/1/06

     5,004,154
  4,100,000   

A-1+

  

Massachusetts Bay Transportation Authority, General Transportation Systems, LOC-Westdeutsche Landesbank, 3.400%, 1/4/06 (c)

     4,100,000
     

Massachusetts State DFA:

  
  500,000   

A-1+

  

Boston University, Series R-1, XLCA-Insured, SPA-Societe Generale, 3.550%,

    1/5/06 (c)

     500,000
  1,400,000   

A-1+

  

Clark University, Series A, AMBAC-Insured, 3.350%, 1/4/06 (c)

     1,400,000
  500,000   

AAA

  

Draper Laboratory Issue, MBIA-Insured, SPA-JPMorgan Chase, 3.520%,

    1/4/06 (c)

     500,000
  1,335,000   

A-1+

  

Metal Crafters Inc., Series 99, LOC-Bank of America, 3.570%, 1/4/06 (b)(c)

     1,335,000
  1,700,000   

A-1+

  

Phillips Academy, SPA-Bank of New York, 3.500%, 1/5/06 (c)

     1,700,000
     

RAN, TECP, LOC-Wachovia Bank:

  
  3,681,000   

A-1

  

3.100% due 1/12/06

     3,681,000
  16,500,000   

A-1

  

3.150% due 1/26/06

     16,500,000
  1,450,000   

A-1+

  

Salem Family Limited Partnership, LOC-Bank of America, 3.570%, 1/4/06 (b)(c)

     1,450,000
  3,800,000   

A-1+

  

Smith College Project, 3.470%, 1/5/06 (c)

     3,800,000
  455,000   

NR

  

Wentworth Institute, AMBAC-Insured, SPA-State Street Bank & Trust Co., 3.500%, 1/5/06 (c)

     455,000
     

Massachusetts State GO:

  
  300,000   

A-1+

  

Central Artery, Series A, SPA-Landesbank Baden-Wuerttenburg, 3.800%,

    1/3/06 (c)

     300,000
  35,990,000   

A-1

  

MSTC, PART, Series 2002-209, Class A, FSA-Insured, LIQ-Bear Stearns, 3.580%, 1/4/06 (c)(e)

     35,990,000
  7,700,000   

A-1+

  

Refunding, Series B, SPA-Depfa Bank, 3.370%, 1/5/06 (c)

     7,700,000
  59,050,000   

A-1+

  

Series B, SPA-Landesbank Hessen-Thuringen, 3.580%, 1/5/06 (c)

     59,050,000
     

Massachusetts State HEFA:

  
  5,100,000   

A-1+

  

Bentley College, Issue K, LOC-Bank of America, 3.520%, 1/4/06 (c)

     5,100,000
  1,905,000   

A-1

  

Berklee College of Music, Series 385, PART, MBIA-Insured, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     1,905,000
  1,000,000   

VMIG1(d)

  

Highway Revenue, Series SGA 113, LIQ-Societe Generale, Call 12/1/10 @ 100, 3.530%, 1/4/06 (c)(g)

     1,000,000
     

Partners Healthcare Systems:

  
  4,200,000   

A-1+

  

Series P-1, FSA-Insured, SPA-Bayerische Landesbank & JPMorgan Chase, 3.540%, 1/4/06 (c)

     4,200,000
  13,250,000   

A-1+

  

Series P-2, FSA-Insured, SPA-Bayerische Landesbank & JPMorgan Chase, 3.550%, 1/4/06 (c)

     13,250,000
  500,000   

A-1+

  

Partners Healthcare, Series D-6, 3.700%, 1/3/06 (c)

     500,000
  2,000,000   

VMIG1(d)

  

Simmons College, MERLOT, PART, Series T, AMBAC-Insured, SPA-Wachovia Bank, 3.530%, 1/4/06 (c)

     2,000,000
  5,000,000   

A-1+

  

TECP, Harvard University, Series EE, 3.100% due 3/10/06

     5,000,000
  2,700,000   

A-1+

  

University of Massachusetts, Series A, LOC-Dexia Credit Local, 3.500%,

    1/4/06 (c)

     2,700,000
  1,995,000   

A-1+

  

Wellesley College, Issue E, 3.540%, 1/4/06 (c)

     1,995,000
  6,850,000   

A-1+

  

Williams College, 3.510%, 1/5/06 (c)

     6,850,000
     

Massachusetts State HFA, Housing Revenue:

  
  2,000,000   

A-1+

  

FSA Insured, SPA-Dexia Credit Local, 3.430%, 1/4/06 (b)(c)

     2,000,000
  5,500,000   

A-1+

  

Series F, FSA-Insured, SPA-Dexia Credit Local, 3.370%, 1/4/06 (c)

     5,500,000
  8,570,000   

A-1+

  

Series G, SPA-HSBC Holdings Inc., 3.370%, 1/4/06 (c)

     8,570,000
     

Massachusetts State IFA:

  
  1,000,000   

VMIG1(d)

  

Education Buckingham Browne Nichols, LOC-State Street Bank & Trust Co., 3.500%, 1/5/06 (c)

     1,000,000

 

See Notes to Schedule of Investments.

 

12


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Massachusetts (continued)   
$ 800,000   

VMIG1(d)

  

Whitehead Institute Biomed Research, 3.500%, 1/4/06 (c)

   $ 800,000
  4,000,000   

VMIG1(d)

  

Massachusetts State Turnpike Authority, PART, Series 334, MBIA-Insured, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     4,000,000
     

Massachusetts State Water Resources Authority, Multi-Modal, General Subordinated:

  
     

Series B:

  
  10,700,000   

A-1

  

AMBAC-Insured, SPA-Scotiabank, 3.540%, 1/4/06 (c)

     10,700,000
  15,000,000   

A-1+

  

FGIC-Insured, SPA-Bayerische Landesbank, 3.540%, 1/4/06 (c)

     15,000,000
  27,000,000   

A-1+

  

Series D, FGIC-Insured, SPA-Dexia Credit Local, 3.540%, 1/4/06 (c)

     27,000,000
  11,000,000   

A-1+

  

Massachusetts, GO, TECP, Series G, LIQ-BNP Paribas SA, 3.240% due 1/17/06

     11,000,000
            
     

Total Massachusetts

     273,535,154
            
  Michigan - 2.8%   
  8,890,000   

A-1+

  

Detroit, MI, Water Supply System, Second Lien, Series C, FGIC-Insured, SPA-FGIC-SPI, 3.570%, 1/4/06 (c)

     8,890,000
  7,000,000   

VMIG1(d)

  

Detroit, MI, School Building Munitop, Series 2002-29, GO, PART, FGIC-Insured, SPA-ABN AMRO Bank N.V., 3.530%, 1/5/06 (c)

     7,000,000
     

Detroit, MI, Sewer Disposal:

  
  5,000,000   

VMIG1(d)

  

MERLOTS, Series I, FGIC-Insured PART, SPA-Wachovia Bank, 3.540%,

    1/4/06 (c)

     5,000,000
  11,675,000   

A-1+

  

Series C-1, FSA-Insured, LIQ-Dexia Credit Local, 3.400%, 1/5/06 (c)

     11,675,000
  5,395,000   

A-1+

  

Series C-2, FGIC-Insured, 3.400%, 1/5/06 (c)

     5,395,000
  6,655,000   

A-1

  

Hartland, MI, School District, GO, MSTC, Series 2001-127, PART, Q-SBLF-Guaranteed, LIQ-Bear Stearns, 3.600%, 1/4/06 (c)(e)

     6,655,000
  6,200,000   

A-1+

  

Jackson County Hospital Finance Authority, Foote Memorial Hospital, Series B, LOC-Bank of Nova Scotia, 3.530%, 1/5/06 (c)

     6,200,000
  17,650,000   

SP-1+

  

Michigan Municipal Bond Authority Revenue, Notes, Series B-2, SPA-JPMorgan Chase, 4.000% due 8/18/06

     17,765,133
     

Michigan State Building Authority:

  
  4,995,000   

VMIG1(d)

  

PART, Series 516, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     4,995,000
  9,900,000   

SP-1+

  

TECP, Series 6, LOC-Bank of New York, State Street Bank, 3.170% due 2/2/06

     9,900,000
  5,400,000   

A-1+

  

Michigan State GAN, Series D, FSA-Insured, SPA-Dexia Credit Local, 3.530%,

    1/4/06 (c)

     5,400,000
  1,100,000   

A-1+

  

Michigan State Hospital Finance Authority, Trinity Health Systems, Series E, AMBAC-Insured, BPA-JPMorgan Chase, 3.580%, 1/5/06 (c)

     1,100,000
  6,000,000   

A-1+

  

Michigan State Hospital Finance Authority Revenue, Trinity Health Credit, Series E, SPA-Bank of Nova Scotia, 3.700%, 1/3/06 (c)

     6,000,000
  13,695,000   

A-1+

  

Michigan State Housing Development Authority, Series A, FSA-Insured, SPA-Depfa Bank PLC, 3.530%, 1/4/06 (b)(c)

     13,695,000
  14,800,000   

A-1+

  

Michigan State Housing Development Authority Housing Revenue, Series A, MBIA-Insured, LIQ-Landesbank Hessen-Thuringen, 3.590%, 1/5/06 (b)(c)

     14,800,000
     

Michigan State Strategic Fund:

  
  4,425,000   

A-1+

  

Clark Retirement Community Project, LOC-Fifth Third Bank, 3.530%, 1/5/06 (c)

     4,425,000
  10,800,000   

A-1+

  

Grand Rapid Christian School, LOC-Fifth Third Bank, 3.560%, 1/6/06 (c)

     10,800,000
  3,680,000   

A-1+

  

Michigan State University, SPA-Landesbank Hessen-Thuringen, 3.370%, 1/4/06 (c)

     3,680,000
  21,465,000   

A-1+

  

Saline, MI, Area Schools, 3.390%, 1/5/06 (c)

     21,465,000
  4,650,000   

A-1+

  

Saline, MI, EDA, Evangelical Homes Project, LOC-JPMorgan Chase, 3.580%,

    1/4/06 (c)

     4,650,000
  5,800,000   

A-1+

  

Southfield, MI, Economic Development, Lawrence Tech University Project, LOC-JPMorgan Chase, 3.580%, 1/4/06 (c)

     5,800,000
            
     

Total Michigan

     175,290,133
            

 

See Notes to Schedule of Investments.

 

13


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Minnesota - 0.7%   
$ 5,090,000   

A-1+

  

Bloomington, MN, MFH, Norlan Partners LP, Series A-1, LIQ-FNMA, 3.620%,

    1/5/06 (b)(c)

   $ 5,090,000
  2,910,000   

VMIG1(d)

  

Crystal, MN, MFH, FHLMC-Insured, LIQ-FHLMC, 3.650%, 1/5/06 (b)(c)

     2,910,000
  1,000,000   

A-1+

  

Mankato, MN, MFH, Highland Hills Apartments, LOC-ABN AMRO, 3.800%, 1/3/06 (c)

     1,000,000
  9,000,000   

A-1+

  

Minneapolis and St. Paul, MN, Metropolitan Airport Commission, MSTC, Series SGA-127, PART, FGIC-Insured, LIQ-Societe Generale, 3.600%, 1/4/06 (c)

     9,000,000
  6,000,000   

A-1+

  

Minneapolis City, MN, Health Care System Revenue, Fairview Health Services, Series B, AMBAC-Insured, SPA-Royal Bank of Canada, 3.510%, 1/4/06 (c)

     6,000,000
  7,400,000   

VMIG1(d)

  

Minneapolis, MN, Guthrie Theater Project, Series A, LOC-Wells Fargo Bank, 3.510%, 1/5/06 (c)

     7,400,000
  10,000,000   

VMIG1(d)

  

St. Paul, MN, Housing & Redevelopment Authority, MFH Revenue, Highland Ridge Project, FHLMC-Insured, LIQ-FHLMC, 3.550%, 1/5/06 (c)

     10,000,000
            
     

Total Minnesota

     41,400,000
            
  Missouri - 3.1%   
  1,470,000   

F-1+(a)

  

Joplin, MO, IDA, Smith and Smith Investments, LOC-Bank of America, 3.600%,

    1/5/06 (b)(c)

     1,470,000
  5,900,000   

A-1+

  

Kansas City, MO, IDA Revenue, Ewing Marion Kauffman, Series A, 3.750%, 1/3/06 (c)

     5,900,000
  6,200,000   

A-1

  

Kansas City, MO, IDA, MFH, Crooked Creek Apartments Project, Series A, LOC-LaSalle Bank, 3.550%, 1/5/06 (b)(c)

     6,200,000
  710,000   

VMIG1(d)

  

Kirkwood, MO, Tax Increment Revenue, Kirkwood Commons Project, LOC-U.S. Bank, 3.800%, 1/3/06 (c)

     710,000
  15,010,000   

A-1+

  

Missouri Development Finance Board Cultural Facilities Revenue, Nelson Gallery Foundation, Series B, MBIA-Insured, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     15,010,000
  5,700,000   

VMIG1(d)

  

Missouri Higher Education Loan Authority, Student Loan Revenue, Series 1990-B, LOC-Bank of America, 3.450%, 1/4/06 (b)(c)

     5,700,000
  4,000,000   

A-1

  

Missouri State Environmental Improvement and Energy Resource Authority, Utilicorp United Inc. Project, LOC-Toronto Dominion, 3.630%, 1/4/06 (b)(c)

     4,000,000
     

Missouri State HEFA:

  
  1,215,000   

VMIG1(d)

  

Assemblies of God College, LOC-Bank of America, 3.550%, 1/5/06 (c)

     1,215,000
  2,968,000   

A-1+

  

Barnes Hospital Project, LOC-JPMorgan Chase, 3.580%, 1/4/06 (c)

     2,968,000
  1,000,000   

A-1+

  

Christian Brothers, Series A, LOC-U.S. Bank, 3.800%, 1/3/06 (c)

     1,000,000
  3,100,000   

Aa2(d)

  

Dialysis Clinic Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     3,100,000
  4,000,000   

A-1+

  

Southwest Baptist University Project, LOC-Bank of America, 3.800%, 1/3/06 (c)

     4,000,000
  6,910,000   

A-1+

  

Washington University, Series A, SPA-Dexia Credit Local, 3.700%, 1/3/06 (c)

     6,910,000
  7,300,000   

A-1+

  

Washington University, Series B, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     7,300,000
     

Missouri State HEFA Revenue:

  
  39,600,000   

A-1+

  

Washington University, Series B, SPA-Dexia Credit Local, 3.750%, 1/3/06 (c)

     39,600,000
  4,620,000   

A-1+

  

Washington University, Series B, SPA-JPMorgan Chase, 3.750%, 1/3/06 (c)

     4,620,000
  18,000,000   

A-1+

  

Palmyra, MO, IDA, Solid Waste Disposal, BASF Corp. Project, 3.600%, 1/4/06 (b)(c)

     18,000,000
  600,000   

A-1+

  

St. Charles County, MO, IDA, IDR, Casalon Apartments Project, FNMA, 3.510%, 1/5/06 (c)

     600,000
  5,615,000   

A-1

  

St. Louis County, MO, IDA, Friendship Village South County, Series B, LOC-LaSalle Bank NA, 3.530%, 1/4/06 (c)

     5,615,000
  18,000,000   

VMIG1(d)

  

St. Louis County, MO, IDA, MFH, Pelican Cove Project, LIQ-FNMA, 3.520%, 1/5/06 (c)

     18,000,000

 

See Notes to Schedule of Investments.

 

14


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Missouri (continued)   
$ 22,500,000   

SP-1+

  

St. Louis, MO, General Fund TRAN, 4.000% due 6/30/06

   $ 22,644,246
  10,000,000   

A-1+

  

St. Louis, MO, IDA, Refunding, Merchandise Mart, Series A, FHLMC - Insured, LIQ- FHLMC, 3.600%, 1/5/06 (b)(c)

     10,000,000
  9,500,000   

NR

  

St. Louis, MO, IDA, MFH, Parque Carondelet Apartment Project, LIQ-FHLMC, 3.670%, 1/5/06 (b)(c)

     9,500,000
            
     

Total Missouri

     194,062,246
            
  National - 0.7%   
     

Clipper Tax Exempt Trust Certificates PART:

  
  3,990,088   

VMIG1(d)

  

Series 1999-2, BPA-State Street Bank, 3.710%, 1/5/06 (b)(c)

     3,990,088
  20,000,000   

VMIG1(d)

  

Series 2003-5, LIQ-State Street Bank, 3.630%, 1/5/06 (c)

     20,000,000
  23,480,000   

VMIG1(d)

  

Series A, FSA-Insured, 3.630%, 1/5/06 (c)(e)

     23,480,000
            
     

Total National

     47,470,088
            
  Nebraska - 0.4%   
  5,400,000   

A-1+

  

NebHelp, Inc., Nebraska Revenue, Student Loan Program, Series B, MBIA-Insured, 3.620%, 1/4/06 (b)(c)

     5,400,000
  3,535,000   

VMIG1(d)

  

Nebraska Helpers, Inc., Series 517, MBIA-Insured, 3.590%, 1/5/06 (b)(c)

     3,535,000
     

Nebraska IFA:

  
  6,000,000   

A-1

  

MFH Riverbend Apartments Project, LOC-LaSalle Bank, 3.560%, 1/5/06 (b)(c)

     6,000,000
  12,350,000   

A-1

  

SFH MERLOT, Series A, PART, FHLMC/FNMA/GNMA-Collateralized, LIQ-Wachovia Bank, 3.590%, 1/5/06 (b)(c)

     12,350,000
            
     

Total Nebraska

     27,285,000
            
  Nevada - 1.1%   
     

Carson City, NV:

  
  20,500,000   

A-1+

  

Hospital Revenue Tahoe Hospital Project, Series B, LOC-U.S. Bank, 3.530%,

    1/5/06 (c)

     20,500,000
  9,300,000   

A-1+

  

Hospital Revenue, Carson Tahoe Regional Medical Center, LOC-U.S. Bank NA, 3.530%, 1/5/06 (c)

     9,300,000
  21,720,000   

VMIG1(d)

  

Clark County, NV, ISD, GO, TOPS, Series 33, FSA-Insured, PART, SPA-ABN AMRO Bank N.V., 3.540%, 1/5/06 (c)

     21,720,000
  4,460,000   

VMIG1(d)

  

Nevada Municipal Bond Bank, TOPS, Series 1998-1, MBIA-Insured, PART, SPA-ABN AMRO Bank N.V., 3.550%, 1/5/06 (c)

     4,460,000
  16,350,000   

A-1+

  

Nevada State, MSTC, Series SG 114, LIQ-Societe Generale, 3.550%, 1/5/06 (c)

     16,350,000
            
     

Total Nevada

     72,330,000
            
  New Hampshire - 0.4%   
     

New Hampshire HEFA Revenue:

  
  1,500,000   

A-1+

  

Dartmouth Hitchcock Clinic, Series A, FSA-Insured, SPA-Dexia Credit Local & JPMorgan Chase, 3.480%, 1/5/06 (c)

     1,500,000
  4,500,000   

VMIG1(d)

  

Healthcare Inc., Exeter Hospital Group, LOC-Fleet National Bank, 3.510%,

    1/5/06 (c)

     4,500,000
     

New Hampshire State Business Finance Authority:

  
  14,000,000   

A-1+

  

Lonza Biologics Inc., LOC-Deutsche Bank, 3.630%, 1/5/06 (b)(c)

     14,000,000
  1,900,000   

A-1+

  

Luminescent Systems Inc., LOC-HSBC Holding PLC, 3.600%, 1/4/06 (b)(c)

     1,900,000
  630,000   

A-1+

  

Park Nameplate Co., LOC-Bank of America, 3.650%, 1/4/06 (b)(c)

     630,000
            
     

Total New Hampshire

     22,530,000
            
  New Jersey - 1.2%   
  1,310,000   

VMIG1(d)

  

New Jersey EDA, EDR, Erasteel, Inc. Project, LOC-Svenska Handelsbanke, 3.890%, 1/5/06 (b)(c)

     1,310,000
  5,775,000   

A-1+

  

New Jersey State, Refunding C-1, FSA-Insured, SPA-Westdeutsche Landesbank, 3.550%, 1/4/06 (c)

     5,775,000

 

See Notes to Schedule of Investments.

 

15


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  New Jersey (continued)   
$ 69,400,000   

SP-1+

  

State of New Jersey GO, TRAN, Series A, 4.000% due 6/23/06

   $ 69,787,816
            
     

Total New Jersey

     76,872,816
            
  New York - 1.2%   
  300,000   

A-1+

  

Long Island Power Authority, NY, Electric System Revenue, Subordinated Series 2, 2B, LOC-Bayerische Landesbank, 3.650%, 1/3/06 (c)

     300,000
     

Long Island, NY, Power Authority, Series 1:

  
  1,000,000   

A-1+

  

Sub-Series 1A, LOC-Bayerische Landesbank & Landesbank Baden Wuerttemburg, 3.560%, 1/4/06 (c)

     1,000,000
  1,700,000   

A-1+

  

Sub-Series 1B, LOC-State Street Bank & Trust Co., 3.700%, 1/3/06 (c)

     1,700,000
  10,000,000   

A-1+

  

Metropolitan Transportation Authority of New York Revenue, Sub-Series E-1, LOC-Fortis Bank NY, 3.530%, 1/5/06 (c)

     10,000,000
  7,500,000   

A-1+

  

New York City Housing Development Corp., Progress of Peoples Development, FNMA-Insured, LIQ-FNMA, 3.540%, 1/4/06 (c)

     7,500,000
     

New York City, NY, GO:

  
  3,500,000   

A-1+

  

Series A, Subordinated Series A-3, LOC-BNP Paribas, 3.450%, 1/4/06 (c)

     3,500,000
  9,100,000   

A-1+

  

Series J, Subordinated Series J-2, LOC-Westdeutsche Landesbank, 3.560%, 1/4/06 (c)

     9,100,000
  9,250,000   

A-1+

  

Sub-Series C-4, LOC-BNP Paribas, 3.340%, 1/4/06 (c)

     9,250,000
  600,000   

A-1+

  

Subordinated Series A-6, FSA-Insured, SPA-Dexia Credit Local, 3.670%, 1/3/06 (c)

     600,000
  15,000,000   

A-1+

  

New York City, NY, Municipal Water Finance Authority, TECP, Series 1, LIN-Dexia Credit Local, JP Morgan Chase, 3.110% due 4/10/06

     15,000,000
     

New York City, NY, TFA:

  
  3,540,000   

A-1+

  

Future Tax Secured, Revenue, Series A2, SPA-Bank of Nova Scotia, 3.520%, 1/4/06 (c)

     3,540,000
  1,000,000   

A-1+

  

Future Tax Secured, Series A-1, LOC-JPMorgan Chase, 3.550%, 1/4/06 (c)

     1,000,000
  3,080,000   

A-1+

  

Revenue, NYC Recovery, Series 1, Subordinated 1A, LOC-Landesbank Hessen-Thuringen, 3.520%, 1/4/06 (c)

     3,080,000
  10,300,000   

A-1+

  

New York State Dormitory Authority Revenue, Court Facilities Lease, Series B, LOC-Bayerische Landesbank, 3.530%, 1/4/06 (c)

     10,300,000
  2,900,000   

A-1

  

New York State Power Authority, TECP, Series 2, LIQ-Bank of New York, Bank of Nova Scotia, Bayerische Landesbank, Dexia Credit Local, JPMorgan Chase, Landesbank Baden Wuerttemburg, State Street Bank and Trust, Wachovia Bank, 3.130% due 1/4/06

     2,900,000
            
     

Total New York

     78,770,000
            
  North Carolina - 2.3%   
  1,900,000   

NR

  

Brunswick County, NC, Industrial Facilities and PFCA Wood Industries Inc. Project, LOC-Wachovia Bank, 3.670%, 1/5/06 (b)(c)

     1,900,000
  19,050,000   

A-1+

  

Buncombe County, NC, GO, Series B, SPA-Wachovia Bank, 3.550%, 1/5/06 (c)

     19,050,000
  33,945,000   

A-1+

  

Guilford County, Series B, SPA-Wachovia Bank, 3.550%, 1/5/06 (c)

     33,945,000
  4,500,000   

Aa2(d)

  

Iredell County, NC, PCR, Valspar Corp. Project, LOC-Wachovia Bank, 3.620%,

    1/5/06 (b)(c)

     4,500,000
  2,790,000   

A-1+

  

Mecklenburg County, NC, COP, SPA-Landesbank Hessen-Thuringen, 3.520%, 1/5/06 (c)

     2,790,000
  2,300,000   

Aa2(d)

  

North Carolina Agricultural Financial Authority, Agricultural Development Revenue, Coastal Carolina GIN Project, LOC-Wachovia Bank, 3.570%, 1/5/06 (b)(c)

     2,300,000
  3,945,000   

A-1+

  

North Carolina Capital Facilities Finance Agency, Cannon School Inc., LOC-SunTrust Bank, 3.510%, 1/5/06 (c)

     3,945,000
  3,725,000   

A-1+

  

North Carolina Capital Facilities Finance Agency Educational Facilities Revenue, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     3,725,000
  3,915,000   

A-1+

  

North Carolina EFA, EDL, Charlotte Latin, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     3,915,000

 

See Notes to Schedule of Investments.

 

16


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  North Carolina (continued)   
     

North Carolina HFA, Home Ownership:

  
$ 11,200,000   

A-1+

  

1998 TR-19C, LIQ-Bank of America, 3.450%, 1/4/06 (b)(c)

   $ 11,200,000
  5,475,000   

A-1+

  

Series 15-C, FSA-Insured, SPA-Bank of America, 3.450%, 1/4/06 (b)(c)

     5,475,000
  5,600,000   

A-1+

  

North Carolina Medical Care Commission, Refunding, Moses Cone Health Systems, Series A, 3.510%, 1/5/06 (c)

     5,600,000
  2,980,000   

A-1+

  

North Carolina Medical Care Commission Hospital Revenue, Baptist Hospitals Project, SPA-Wachovia Bank, 3.520%, 1/4/06 (c)

     2,980,000
  2,120,000   

F-1+(a)

  

North Carolina Medical Care Commission, Health Care Facilities, Lutheran Retirement Project, LOC-Bank of America, 3.550%, 1/5/06 (c)

     2,120,000
  6,910,000   

A-1+

  

North Carolina State, GO, Public Improvement, Series G, SPA-Landesbank Hessen-Thuringen, 3.420%, 1/4/06 (c)

     6,910,000
  3,600,000   

NR

  

Robeson County, NC, IFA and PFCA, Rocco Turkeys Inc. Project, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     3,600,000
  1,300,000   

A-1+

  

Rowan County, IDR, PCR, Double 3 LLC Project, LOC-Bank of America, 3.650%, 1/4/06 (b)(c)

     1,300,000
  15,000,000   

A-1+

  

Wake County, NC, GO, Public Improvement, Series A, SPA-Wachovia Bank, 4.000% due 4/1/06

     15,046,074
  14,500,000   

A-1+

  

Winston-Salem, NC, COP, SPA-Dexia Credit Local, 3.550%, 1/5/06 (c)

     14,500,000
            
     

Total North Carolina

     144,801,074
            
  North Dakota - 0.1%   
  3,500,000   

A-1+

  

Ward County, ND, Trinity Obligation Group, Series A, LOC-U.S. Bank, 3.800%,

    1/3/06 (c)

     3,500,000
            
  Ohio - 2.1%   
  1,980,000   

A-1+

  

Cleveland Cuyahoga County, OH, Port Authority Revenue, 96th Research Building Project, LOC-Fifth Third Bank, 3.580%, 1/4/06 (c)

     1,980,000
  5,000,000   

A-1+

  

Cleveland-Cuyahoga County, OH, Cleveland Museum of Art Project, Series B, SPA-JPMorgan Chase, 3.530%, 1/5/06 (c)

     5,000,000
  10,500,000   

A-1+

  

Clinton County, OH, Facilities Improvement Clinton Memorial, LOC-Fifth Third Bank, 3.560%, 1/6/06 (c)

     10,500,000
  12,065,000   

VMIG1(d)

  

Franklin County, OH, Hospital Revenue, Children Hospital, Series B, FGIC-Insured, SPA-National City Bank, 3.580%, 1/5/06 (c)

     12,065,000
  1,885,000   

VMIG1(d)

  

Lakewood, OH, Educational Facilities Revenue, St. Edward High School Project, LOC-Fifth Third Bank, 3.580%, 1/5/06 (c)

     1,885,000
  18,650,000   

A-1

  

Ohio State Building Authority, MSTC, Series 2001-133, Class A, PART, FSA-Insured, LIQ-Bear Stearns, 3.580%, 1/4/06 (c)(e)

     18,650,000
     

Ohio State Higher Educational Facilities:

  
     

Case Western Reserve University TECP, LIQ-JPMorgan Chase:

  
  4,700,000   

VMIG1(d)

  

2.860% due 1/6/06

     4,700,000
  5,000,000   

A-1+

  

3.100% due 1/20/06

     5,000,000
  9,230,000   

VMIG1(d)

  

Marietta College Project, LOC-JPMorgan Chase, 3.530%, 1/5/06 (c)

     9,230,000
     

Pooled Financing Program:

  
     

Series A, LOC-Fifth Third Bank:

  
  8,000,000   

VMIG1(d)

  

3.530%, 1/5/06 (c)

     8,000,000
  3,315,000   

VMIG1(d)

  

3.580%, 1/5/06 (c)

     3,315,000
  4,780,000   

VMIG1(d)

  

Series B, LOC-Fifth Third Bank, 3.530%, 1/5/06 (c)

     4,780,000
  16,570,000   

A-1+

  

Ohio State University, General Receipts, FSA-Insured, LIQ-Dexia Credit Local, 3.580%, 1/5/06 (c)

     16,570,000
  8,000,000   

A-1+

  

Ohio State, GO, Refunding and Improvement Infrastructure, Series D, 3.540%, 1/4/06 (c)

     8,000,000
  25,000,000   

VMIG1(d)

  

University of Akron, Ohio, General Receipts, FGIC-Insured, SPA-Dexia Credit Local, 3.500%, 1/5/06 (c)

     25,000,000
            
     

Total Ohio

     134,675,000
            
  Oklahoma - 0.9%   
     

Oklahoma State Student Loan Authority:

  
  18,500,000   

A-1+

  

Series A-1, MBIA Insured, LIQ-JPMorgan Chase, 3.550%, 1/4/06 (b)(c)

     18,500,000

 

See Notes to Schedule of Investments.

 

17


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Oklahoma (continued)   
$ 6,455,000   

A-1

  

Series A-2, MBIA-Insured, SPA-JPMorgan Chase, 3.550%, 1/4/06 (b)(c)

   $ 6,455,000
  26,340,000   

A-1+

  

Oklahoma State Water Resources Board, State Loan Program, Series A, SPA-Bank of America, 2.850% due 4/1/06

     26,340,000
  3,000,000   

Aa2(d)

  

Optima, OK, Municipal Authority Industrial Revenue, Seaboard Project, LOC-SunTrust Bank, 3.600%, 1/4/06 (b)(c)

     3,000,000
  2,800,000   

A-1+

  

Tulsa, OK, Tulsa IDA, Multifamily Revenue, Park Chase Apartments, Series A-1, LIQ-FNMA, 3.550%, 1/5/06 (c)

     2,800,000
            
     

Total Oklahoma

     57,095,000
            
  Oregon - 0.8%   
     

Oregon State:

  
  10,500,000   

VMIG1(d)

  

Housing and Community Services, Single-Family Mortgage, Series PG-C, SPA-State Street Bank, 3.590%, 1/4/06 (b)(c)

     10,500,000
  10,200,000   

A-1+

  

Veterans Welfare, Series 84, SPA-Dexia Credit Local, 3.530%, 1/4/06 (c)

     10,200,000
  400,000   

A-1+

  

Oregon State GO, Series 73F, SPA-Bayerische Landesbank, 3.550%, 1/4/06 (c)

     400,000
     

Oregon State Housing & Community Services:

  
  10,900,000   

VMIG1(d)

  

Redwood Park Apartments, Series F, FNMA-Insured, LIQ-FNMA, 3.600%, 1/5/06 (c)

     10,900,000
  5,000,000   

VMIG1(d)

  

Single-Family Housing, SPA-State Street Bank, 3.590%, 1/4/06 (b)(c)

     5,000,000
  15,945,000   

Aaa(d)

  

Portland, OR, TAN, 4.000% due 6/29/06

     16,048,194
            
     

Total Oregon

     53,048,194
            
  Pennsylvania - 3.5%   
  12,500,000   

MIG1(d)

  

Allegheny County, PA, Hospital Development Authority, Senior Living Corp., FNMA-Collateralized, LOC-PNC Bank, 4.000% due 6/30/06

     12,578,364
  2,480,000   

NR

  

Bucks County, PA, IDA, Dunmore Corp. Project, LOC-Wachovia Bank, 3.670%,

    1/5/06 (b)(c)

     2,480,000
  30,150,000   

A-1+

  

Emmaus, PA, General Authority, Series A, FSA-Insured, SPA-Wachovia Bank, 3.540%, 1/5/06 (c)

     30,150,000
  17,500,000   

A-1

  

Lancaster County Hospital Authority Revenue, AMBAC-Insured, LIQ-PNC Bank, 3.520%, 1/4/06 (c)

     17,500,000
  1,325,000   

NR

  

Lehigh County, PA, IDR, Impress Industries Project, Series A, LOC-Wachovia Bank, 3.670%, 1/5/06 (b)(c)

     1,325,000
  12,400,000   

A-1+

  

New Garden, PA, General Authority Revenue, Pooled Financing Program, Series I, AMBAC-Insured, SPA-Bank of Nova Scotia & Dexia Credit Local, 3.580%, 1/4/06 (c)

     12,400,000
  8,810,000   

A-1

  

North Lebanon, PA, Municipal Sewer Revenue, FSA-Insured, SPA-Dexia Credit Local, 3.540%, 1/5/06 (c)

     8,810,000
  7,835,000   

A-1+

  

North Wales Pennsylvania Water Authority, FSA-Insured, SPA-Dexia Credit Local, 3.500%, 1/5/06 (c)

     7,835,000
     

Pennsylvania EDA, Wengers Feed Mill Project:

  
  6,620,000   

NR

  

Series B-1, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     6,620,000
  7,630,000   

NR

  

Series F-3, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     7,630,000
  3,500,000   

A-1+

  

Pennsylvania HFA, Single Family Mortgage, Series-87C, LOC-Depfa Bank Europe, 3.420%, 1/4/06 (b)(c)

     3,500,000
  19,465,000   

A-1+

  

Pennsylvania Intergovernmental COOP Authority, Special Tax Revenue, Philadelphia Funding, AMBAC-Insured, SPA-JPMorgan Chase, 3.540%, 1/5/06 (c)

     19,465,000
  3,000,000   

A-1+

  

Pennsylvania State Higher Education Assistance Agency Student Loan Revenue, Series A, AMBAC-Insured, SPA-Westdeutsche Landesbank, 3.430%, 1/4/06 (b)(c)

     3,000,000
  2,300,000   

A-1+

  

Pennsylvania State Higher EFA, Carnegie Mellon University, Series C, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     2,300,000
  25,000,000   

A-1+

  

Pennsylvania State Turnpike Commission, Series C, FSA-Insured, SPA-JPMorgan Chase, 3.500%, 1/5/06 (c)

     25,000,000
  1,785,000   

A-1+

  

Pennsylvania Turnpike Commission, Series A-3, SPA-Bayerische Landesbank, 3.580%, 1/4/06 (c)

     1,785,000

 

See Notes to Schedule of Investments.

 

18


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Pennsylvania (continued)   
$ 40,200,000   

A-1+

  

Philadelphia, PA, Gas Works, TECP, Series O, LOC-JPMorgan Chase, 2.850% due 1/3/06

   $ 40,200,000
     

Philadelphia, PA, Hospitals and Higher EFA:

  
  600,000   

A-1+

  

Children’s Hospital Project, Series B, SPA-JPMorgan Chase & Westdeutsche Landesbank, 3.700%, 1/3/06 (c)

     600,000
  2,750,000   

A-1

  

Temple University, Series A, 3.430%, 1/5/06 (c)

     2,750,000
     

West Cornwall Township Municipal Authority, PA:

  
  9,480,000   

A-1+

  

Bethlehem Area School District GO, FSA-Insured, SPA-Dexia Credit Local, 3.540%, 1/5/06 (c)

     9,480,000
  4,100,000   

A-1+

  

General Government Loan Program, FSA-Insured, SPA-Dexia Credit Local, 3.540%, 1/5/06 (c)

     4,100,000
            
     

Total Pennsylvania

     219,508,364
            
  Rhode Island - 0.4%   
  10,250,000   

A-1+

  

Narragansett, RI, Bay Commission, Wastewater System Revenue, Series A, MBIA-Insured, SPA-Dexia Credit Local, 3.400%, 1/4/06 (c)

     10,250,000
  15,900,000   

A-1+

  

Rhode Island Health and Education Building Corp., Catholic Schools Program, Series A, LOC-Royal Bank of Scotland, 3.550%, 1/4/06 (c)

     15,900,000
  1,155,000   

A-1+

  

Rhode Island State IFC, Mathews Realty LLC, LOC-State Street Bank, 3.650%,

    1/4/06 (b)(c)

     1,155,000
            
     

Total Rhode Island

     27,305,000
            
  South Carolina - 2.1%   
  4,000,000   

A-1

  

Darlington County, SC, IDR, Nucor Corp. Project, Series A, 3.630%, 1/4/06 (b)(c)

     4,000,000
  10,400,000   

A-1

  

Piedmont Municipal Power Agency, SC, Electric Revenue, Series C, MBIA-Insured, LIQ-Credit Suisse First Boston, 3.530%, 1/4/06 (c)

     10,400,000
  56,851,000   

MIG1(d)

  

South Carolina Association of Governmental Organizations COP, TAN, 4.000% due 4/14/06

     57,066,673
  2,345,000   

Aa2(d)

  

South Carolina Educational Facilities, Authority for Private Nonprofit Institutions, Presbyterian College Project, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     2,345,000
     

South Carolina Jobs EDA:

  
  2,000,000   

Aa3(d)

  

Advanced Automation Inc. Project, LOC-ABN AMRO, 3.560%, 1/5/06 (b)(c)

     2,000,000
  6,250,000   

VMIG1(d)

  

Christ Church Episcopal, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     6,250,000
  7,435,000   

Aa2(d)

  

Greenville Baptist Project, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     7,435,000
  6,400,000   

VMIG1(d)

  

Health Sciences Medical University, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     6,400,000
  3,600,000   

Aa2(d)

  

Orders Realty Co. Inc. Project, LOC-Wachovia Bank, 3.570%, 1/5/06 (b)(c)

     3,600,000
  16,600,000   

VMIG1(d)

  

South Carolina Port Authority Munitop, Series 1998-2007, PART, FSA-Insured, SPA-ABN AMRO Bank N.V., 3.610%, 1/5/06 (b)(c)(e)

     16,600,000
  6,500,000   

VMIG1(d)

  

South Carolina State Public Service Authority MERLOTS, Series L, MBIA-Insured PART, SPA-Wachovia Bank, 3.540%, 1/4/06 (c)

     6,500,000
  6,710,000   

VMIG1(d)

  

Union, SC, Hospital District Healthcare Revenue, LOC-Wachovia Bank, 3.520%,

    1/5/06 (c)

     6,710,000
  5,000,000   

VMIG1(d)

  

University of South Carolina, School of Medicine, Education Trust Healthcare Facilities, LIQ-BNP Paribas & Dexia Credit Local, LOC-Wachovia Bank, 3.520%, 1/5/06 (c)

     5,000,000
            
     

Total South Carolina

     134,306,673
            
  Tennessee - 4.9%   
  9,400,000   

VMIG1(d)

  

Blount County, TN, HEFA Board Revenue, Asbury Centers Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     9,400,000
        

 

See Notes to Schedule of Investments.

 

19


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Tennessee (continued)   
     

Blount County, TN, Public Building Authority, Local Government Public Improvement:

  
$ 1,400,000   

VMIG1(d)

  

Series A-1G, AMBAC-Insured, LOC-KBC Bank & Landesbank Baden Wuerttemburg, 3.800%, 1/3/06 (c)

   $ 1,400,000
  8,000,000   

VMIG1(d)

  

Series A-2E, 3.800%, 1/3/06 (c)

     8,000,000
     

Clarksville, TN, PBA:

  
  12,700,000   

VMIG1(d)

  

LOC-SunTrust Bank, 3.550%, 1/5/06 (c)

     12,700,000
  55,000   

VMIG1(d)

  

Tennessee Municipal Bond Fund, LOC-Bank of America, 3.550%, 1/5/06 (c)

     55,000
  6,640,000   

VMIG1(d)

  

Clarksville, TN, Public Building Authority Financing, LOC-SunTrust Bank, 3.550%, 1/5/06 (c)

     6,640,000
  4,400,000   

VMIG1(d)

  

Covington, TN, IDR, Charms Co. Project, LOC-Bank of America, 3.630%, 1/4/06 (b)(c)

     4,400,000
  10,000,000   

A-1+

  

Franklin County, TN, HEFA, Board University of the South Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     10,000,000
  14,265,000   

VMIG1(d)

  

Jackson, TN, Energy Authority Water Systems Revenue, FSA-Insured, LIQ-SunTrust Bank, 3.540%, 1/4/06 (c)

     14,265,000
  8,100,000   

VMIG1(d)

  

Jefferson County, TN, Health and Education Facilities, Carson Newman College, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     8,100,000
  3,020,000   

VMIG1(d)

  

Knox County, TN, IDB, YMCA of East Tennessee Inc. Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     3,020,000
     

Memphis, TN, GO, TECP, Westdeutsche Landesbank:

  
  11,800,000   

A-1+

  

2.870% due 1/17/06

     11,800,000
  31,400,000   

A-1+

  

3.110% due 2/6/06

     31,400,000
  12,990,000   

A-1

  

Memphis, TN, Center City Financing Corp., MFH, Series 1220, PART, LIQ-FNMA-Collateralized, SPA-Merrill Lynch, 3.560%, 1/5/06 (c)(e)

     12,990,000
  10,000,000   

VMIG1(d)

  

Metropolitan Government Nashville & Davidson Counties Tennessee, GO, Munitop, Series 1999-1, FGIC-Insured PART, SPA-ABN AMRO Bank N.V., 3.540%,

    1/5/06 (c)(e)

     10,000,000
     

Metropolitan Government Nashville & Davidson County, TN, Health & Educational Facilities Board Revenue:

  
  12,250,000   

A-1+

  

Ascension Health Credit B-1, 2.850% due 8/3/06

     12,250,000
  11,865,000   

VMIG1(d)

  

Educational Facilities, Belmont University Project, LOC-SunTrust Bank, 3.540%, 1/4/06 (c)

     11,865,000
  6,200,000   

A-1+

  

Metropolitan Nashville and Davidson Counties, TN, IDB, Country Music Hall of Fame, LOC-Bank of America, 3.530%, 1/5/06 (c)

     6,200,000
     

Montgomery County, TN, Public Building Authority:

  
  3,895,000   

VMIG1(d)

  

Pooled Financing, Montgomery County Loan Pool, LOC-Bank of America, 3.550%, 1/5/06 (c)

     3,895,000
  4,240,000   

A-1+

  

Pooled Financing, Tennessee County Loan Pool, LOC-Bank of America, 3.550%, 1/5/06 (c)

     4,240,000
  1,700,000   

VMIG1(d)

  

Tennessee County Loan Pool, LOC-Bank of America, 3.550%, 1/5/06 (c)

     1,700,000
     

Sevier County, TN, Public Building Authority:

  
     

Local Government Public Improvement, AMBAC-Insured:

  
  2,800,000   

VMIG1(d)

  

Series IV-H-1, LIQ-JPMorgan Chase, 3.800%, 1/3/06 (c)

     2,800,000
  1,600,000   

VMIG1(d)

  

Series IV-H-2, SPA-JPMorgan Chase, 3.800%, 1/3/06 (c)

     1,600,000
  1,400,000   

VMIG1(d)

  

Local Government Public Improvement, Series IV B-4, FSA-Insured, SPA-JPMorgan Chase, 3.800%, 1/3/06 (c)

     1,400,000
  1,100,000   

VMIG1(d)

  

Local Government Public Improvement, Series IV-B-12, FSA-Insured, SPA-JPMorgan Chase & Co., 3.800%, 1/3/06 (c)

     1,100,000
     

Sevier County, TN, Public Building Authority, Local Government Improvement:

  
  2,915,000   

VMIG1(d)

  

Series A-3, AMBAC-Insured, SPA-KBC Bank, 3.530%, 1/5/06 (c)

     2,915,000
  3,300,000   

VMIG1(d)

  

Series II-B-1, AMBAC-Insured, LIQ-KBC Bank, 3.530%, 1/5/06 (c)

     3,300,000
  5,600,000   

VMIG1(d)

  

Series II-C-1, AMBAC-Insured, SPA-KBC Bank, 3.530%, 1/5/06 (c)

     5,600,000
  3,380,000   

VMIG1(d)

  

Series II-D-2, AMBAC-Insured, SPA-KBC Bank, 3.530%, 1/5/06 (c)

     3,380,000
  9,595,000   

VMIG1(d)

  

Series II-E-1, AMBAC-Insured, LIQ-KBC Bank, 3.530%, 1/5/06 (c)

     9,595,000
  1,500,000   

VMIG1(d)

  

Series III-A-3, AMBAC-Insured, SPA-Landesbank Hessen-Thuringen, 3.530%,

    1/5/06 (c)

     1,500,000

 

See Notes to Schedule of Investments.

 

20


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Tennessee (continued)   
$ 4,750,000   

VMIG1(d)

  

Series III-B-2, AMBAC-Insured, SPA-Landesbank Hessen-Thuringen, 3.530%, 1/5/06 (c)

   $ 4,750,000
  4,530,000   

VMIG1(d)

  

Series III-D-3, AMBAC-Insured, SPA-Landesbank Hessen-Thuringen, 3.530%, 1/5/06 (c)

     4,530,000
  5,000,000   

VMIG1(d)

  

Series III-E-2, AMBAC-Insured, SPA-Landesbank Hessen-Thuringen, 3.530%, 1/5/06 (c)

     5,000,000
  3,200,000   

VMIG1(d)

  

Series III-G-1, AMBAC-Insured, BPA-Landesbank Hessen-Thuringen, 3.530%, 1/5/06 (c)

     3,200,000
  400,000   

VMIG1(d)

  

Series IV-1, FSA-Insured, SPA-JPMorgan Chase, 3.800%, 1/3/06 (c)

     400,000
  200,000   

VMIG1(d)

  

Series IV-2, FSA-Insured, SPA-JPMorgan Chase, 3.800%, 1/3/06 (c)

     200,000
  1,015,000   

VMIG1(d)

  

Series IV-B-3, FSA-Insured, SPA-JPMorgan Chase, 3.800%, 1/3/06 (c)

     1,015,000
  5,525,000   

VMIG1(d)

  

Series IV-E-1, AMBAC-Insured, LIQ-JPMorgan Chase, 3.800%, 1/3/06 (c)

     5,525,000
  2,730,000   

VMIG1(d)

  

Series IV-E-4, AMBAC-Insured, SPA-JPMorgan Chase, 3.800%, 1/3/06 (c)

     2,730,000
  2,300,000   

VMIG1(d)

  

Series VI-D-4, AMBAC-Insured, SPA-KBC Bank, 3.800%, 1/3/06 (c)

     2,300,000
     

Sevier County, TN, Public Building Authority, Local Government Public Improvement Revenue:

  
  2,380,000   

VMIG1(d)

  

Series IV-B-7, FSA-Insured, SPA-JPMorgan Chase, 3.800%, 1/3/06 (c)

     2,380,000
  1,500,000   

VMIG1(d)

  

Series VI-C-5, AMBAC-Insured, SPA-Depfa Bank, 3.800%, 1/3/06 (c)

     1,500,000
  8,465,000   

A-1

  

Shelby County, TN, Health Education & Housing Facilities Board, Methodist Healthcare, MSTC, Series 1998-36, Class A, PART, MBIA-Insured, LIQ-Bear Stearns, 3.600%, 1/4/06 (c)(e)

     8,465,000
  25,000,000   

NR

  

Sullivan County, TN, Health Educational & Housing Facilities Board, Refunding, Wellmont Health Systems Project, LOC-Bank of America NA, 3.550%, 1/5/06 (c)

     25,000,000
  5,600,000   

NR

  

Sullivan County, TN, IDB, Microporous Products, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     5,600,000
     

Sumner County, TN, School Cap Outlay Notes:

  
  9,000,000   

VMIG1(d)

  

Series A, LOC-SunTrust Bank, 3.540%, 1/4/06 (c)

     9,000,000
  3,600,000   

VMIG1(d)

  

Series B, LOC-SunTrust Bank, 3.540%, 1/4/06 (c)

     3,600,000
  5,216,000   

A-1+

  

Tennessee State School Board, TECP, Tax Exempt Series 1997, LIQ-Westdeutsche Landesbank, 3.100% due 2/2/06

     5,216,000
            
     

Total Tennessee

     307,921,000
            
  Texas - 21.8%   
  15,590,000   

A-1

  

Austin, TX Wastewater, MSTC, Series 9009, Class A, PART, FSA-Insured, SPA-Bear Stearns, 3.580%, 1/4/06 (c)(e)

     15,590,000
  12,470,000   

A-1

  

Austin, TX, Utilities Systems Revenue, Series 498, FSA-Insured PART, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     12,470,000
  5,900,000   

VMIG1(d)

  

Austin, TX, Wastewater PART, Munitops, Series 2000-10, MBIA-Insured, SPA-ABN AMRO, 3.540%, 1/5/06 (c)(e)

     5,900,000
  9,940,000   

VMIG1(d)

  

Austin, TX, Water and Wastewater Systems, MERLOT, Series LLL, PART, MBIA-Insured, SPA-Wachovia Bank, 3.540%, 1/4/06 (c)

     9,940,000
  13,000,000   

VMIG1(d)

  

Barber Hill, TX, ISD, GO, Munitop, Series 1998-24, PSFG-Insured, PART, SPA-ABN AMRO Bank N.V., 3.540%, 1/5/06 (c)

     13,000,000
  1,800,000   

A-1+

  

Bell County, TX, Health Facilities Development Corp., Scott and White Memorial Hospital, Series B-1, MBIA-Insured, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     1,800,000
     

Bell County, TX, Health Facilities Development Corp. Revenue:

  
  26,850,000   

A-1+

  

Scott & White Memorial Hospital, HFA, Series 2001-2, MBIA-Insured, SPA-Westdeutsche Landesbank, 3.700%, 1/3/06 (c)

     26,850,000
     

Scott & White Memorial Hospital:

  
     

Series 2001-1, MBIA-Insured, SPA-JPMorgan Chase:

  
  6,700,000   

A-1+

  

3.700%, 1/3/06 (c)

     6,700,000
  1,300,000   

A-1+

  

3.700%, 1/4/06 (c)

     1,300,000
  32,900,000   

A-1+

  

Series B-2, MBIA-Insured, SPA-Chase Bank of Texas N.A.3.700%, 1/3/06 (c)

     32,900,000

 

See Notes to Schedule of Investments.

 

21


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Texas (continued)   
$ 3,000,000   

A-1+

  

Bexar County, TX, GO, TECP, Series A, LIQ-Dexia Credit Local, 2.830% due 1/9/06

   $ 3,000,000
  20,000,000   

A-1+

  

Brazos River, TX, Harbor Navigation District, BASF Corp. Project, 3.660%, 1/4/06 (b)(c)

     20,000,000
  7,100,000   

A-1+

  

Brazos, TX, Harbor Industrial Development Corp., BASF Corp. Project, 3.620%,

    1/4/06 (c)

     7,100,000
  19,000,000   

A-1+

  

Capital Area Cultural Education Facilities Finance Corp. TX, Roman Catholic Diocese, LOC-Wachovia Bank, 3.550%, 1/5/06 (c)

     19,000,000
  29,100,000   

A-1+

  

Carroll, TX, ISD, PSF-GTD-Insured, SPA-Bank of America, 3.510%, 1/5/06 (c)

     29,100,000
  10,000,000   

VMIG1(d)

  

Comal, TX, ISD, GO, TOPS, Series 1999-9, PSF-GTD-Insured, PART, SPA-ABN AMRO Bank N.V., 3.540%, 1/5/06 (c)(e)

     10,000,000
  3,100,000   

VMIG1(d)

  

Crawford, TX, IDR, Franklin Industrials, LOC-SunTrust Bank, 3.600%, 1/4/06 (b)(c)

     3,100,000
  8,000,000   

VMIG1(d)

  

Dallas, TX, Water & Sewer Munitop, Series 1998-19, PART, FSA-Insured, SPA-ABN AMRO Bank N.V., 3.560%, 1/5/06 (c)

     8,000,000
  23,949,000   

A-1+

  

Dallas, TX, Water & Sewer TECP, Series B, LIQ-Bank of America, 3.100% due 2/8/06

     23,949,000
     

Dallas-Fort Worth, TX, International Airport:

  
  14,900,000   

VMIG1(d)

  

MERLOT, Series 2000-2, FGIC-Insured, SPA-Wachovia Bank, 3.590% due 1/4/06 (b)

     14,900,000
  6,900,000   

A-1+

  

PART, MBIA-Insured, LIQ-Societe Generale, 3.600%, 1/4/06 (b)(c)

     6,900,000
  18,370,000   

A-1

  

Denton, TX, ISD, GO, MSTC, Class A, Series 2001-117, PSFG-Insured, LIQ-Bear Stearns, 3.590%, 1/4/06 (c)(e)

     18,370,000
  6,000,000   

A-1+

  

Duncanville, TX, ISD, GO, MSTC, Series SGA-149, PART, LIQ-Societe Generale, 3.600%, 1/4/06 (c)

     6,000,000
  3,250,000   

NR

  

Fort Bend County, TX, Industrial Development Corp., IDR, Aaron Rents Inc., Project, PART, LOC-Wachovia Bank, 3.670%, 1/5/06 (b)(c)

     3,250,000
  3,000,000   

VMIG1(d)

  

Fort Bend, TX, ISD, GO, Munitop, Series 1999-6, PSFG-Insured, SPA-ABN AMRO Bank N.V., 3.540%, 1/5/06 (c)(e)

     3,000,000
  9,265,000   

VMIG1(d)

  

Frisco, TX, ISD, GO, Munitop, Series 2003-31, PSFG-Insured, PART, SPA-ABN AMRO Bank N.V., 3.560%, 1/5/06 (c)

     9,265,000
  300,000   

A-1+

  

Grand Prairie, TX, HFA, MFH, Lincoln Property Co., 3.450%, 1/4/06 (c)

     300,000
     

Grand Prairie, TX, ISD, GO:

  
  50,000,000   

AAA

  

PSFG, LIQ-Dexia Credit Local, 2.850% due 8/1/06

     50,000,000
  19,990,000   

VMIG1(d)

  

Munitop, Series 2000-20, PSF-GTD-Insured, PART, SPA-ABN AMRO Bank N.V., 3.540%, 1/5/06 (c)

     19,990,000
  4,000,000   

A-1+

  

Gulf Coast IDA, Marine Term Revenue, BP Amoco Oil Co. Project, 3.200% due 6/1/06

     4,000,000
  9,200,000   

VMIG1(d)

  

Gulf Coast Waste Disposal Authority Texas, BP Amoco Oil Co. Project, 2.950% due 4/1/06

     9,200,000
  5,000,000   

AAA

  

Gulf Coast Waste Disposal Authority, TX, BP Amoco Oil Project, 2.800% due 1/15/06

     5,000,241
  6,300,000   

P-1(d)

  

Harris County, TX, Flood District, TECP, LOC-Landesbank Hessen-Thuringen, 3.100% due 3/2/06

     6,300,000
  1,500,000   

A-1+

  

Harris County, TX, Health Facilities Development Corp., Special Facilities Revenue, Texas Medical Center Project, MBIA-Insured, SPA-JPMorgan Chase, 3.700%,

    1/3/06 (c)

     1,500,000
     

Harris County, TX, Health Facilities Development Corp. Revenue:

  
  6,725,000   

A-1+

  

Special Facilities, Texas Medical Center Project, MBIA-Insured, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     6,725,000
  8,300,000   

A-1+

  

St. Luke’s Episcopal Hospital, Series B, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     8,300,000
  1,600,000   

A-1+

  

Texas Medical Center Project, Series B, FSA-Insured, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     1,600,000
  25,585,000   

A-1+

  

The Methodist Systems, Series B, 3.700%, 1/3/06 (c)

     25,585,000
  700,000   

VMIG1(d)

  

YMCA of Greater Houston Area, LOC-JPMorgan Chase, 3.700%, 1/3/06 (c)

     700,000

 

See Notes to Schedule of Investments.

 

22


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Texas (continued)   
$ 25,000,000   

A-1+

  

Hockley County, TX, Industrial Development Corp., BP Amoco Oil Co. Project, TECP, 2.800% due 3/1/06

   $ 25,000,000
     

Houston, TX, Airport Systems PART:

  
  4,690,000   

VMIG1(d)

  

MERLOT, Series B0-4, FSA-Insured, LIQ-Wachovia Bank, 3.590%, 1/4/06 (b)(c)

     4,690,000
  2,995,000   

VMIG1(d)

  

Series 845-X, FSA-Insured, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     2,995,000
     

Houston, TX, GO, TECP:

  
     

Series A, LIQ-Dexia Credit Local, Landesbank Hessen-Thuringen:

  
  7,200,000   

A-1+

  

2.800% due 1/10/06

     7,200,000
  20,700,000   

A-1+

  

2.860% due 1/18/06

     20,700,000
     

Series D, LIQ-Depfa Bank:

  
  15,000,000   

A-1+

  

2.800% due 1/10/06

     15,000,000
  10,000,000   

A-1

  

2.860% due 1/17/06

     10,000,000
  10,000,000   

A-1+

  

3.120% due 2/1/06

     10,000,000
  20,000,000   

A-1+

  

3.150% due 2/21/06

     20,000,000
     

Houston, TX, ISD, GO:

  
  1,500,000   

VMIG1(d)

  

Munitops, Series 2000-2011, PSFG-Insured, PART, SPA-ABN AMRO, 3.560%, 1/5/06 (c)(e)

     1,500,000
  7,320,000   

A-1

  

PSFG, PART, Series-PA-466, LIQ-Merrill Lynch, 3.550% due 1/5/06

     7,320,000
  15,000,000   

VMIG1(d)

  

Houston, TX, Municipal Airport Munitops, Series 1998-15, PART, FGIC-Insured, SPA-ABN AMRO Bank N.V., 3.610%, 1/5/06 (b)(c)

     15,000,000
  13,800,000   

A-1+

  

Houston, TX, TECP, GO, Series A, LIQ-Dexia Credit Local, Landesbank Hessen-Thuringen, 2.900% due 1/24/06

     13,800,000
  65,000,000   

SP-1+

  

Houston, TX, TRAN, Series A, 4.000% due 6/30/06

     65,422,911
  14,880,000   

A-1+

  

Houston, TX, Water and Sewer Systems Revenue, MERLOT, Series A-128, MBIA Insured, PART, LIQ-Wachovia Bank, 3.540%, 1/4/06 (c)

     14,880,000
  6,300,000   

A-1

  

Jewett, TX, EDC, IDR, Nucor Project, 3.630%, 1/4/06 (b)(c)

     6,300,000
  48,200,000   

A-1+

  

Katy, TX, ISD, GO, PSFG, SPA-Westdeutsche Landesbank, 3.510%, 1/5/06 (c)

     48,200,000
  10,290,000   

VMIG1(d)

  

Lewisville, TX, ISD, Munitops, Series 2001-9, PSFG-Insured, PART, SPA-ABN AMRO Bank N.V., 3.560%, 1/5/06 (c)(e)

     10,290,000
  9,195,000   

VMIG1(d)

  

North Harris, TX, Montgomery Community College, FGIC-Insured, SPA-Westdeutsche Landesbank, 3.510%, 1/5/06 (c)

     9,195,000
  17,000,000   

VMIG1(d)

  

North Texas Higher Education Authority, Student Loan, Series B, AMBAC-Insured, LOC Bank of America & Dexia Credit Local, 3.450%, 1/4/06 (b)(c)

     17,000,000
     

North Texas Tollway Authority:

  
  36,670,000   

A-1+

  

Refunding, Series C, FGIC-Insured, SPA-Depfa Bank PLC, 3.550%, 1/4/06 (c)

     36,670,000
  11,300,000   

A-1+

  

Dallas North Thruway Systems Authority, FSA Insured, Series B, BPA-Lloyds Bank, 3.550%, 1/4/06 (c)

     11,300,000
  10,000,000   

A-1+

  

Northern Texas Higher Education Authority Student Loan Revenue, Series A, LOC-Lloyds Bank, 3.450%, 1/4/06 (b)(c)

     10,000,000
  9,800,000   

A-1+

  

Northside, TX, ISD, GO, School Building, SPA-Depfa Bank, 2.850% due 6/15/06

     9,800,000
     

Pasadena, TX, ISD, GO:

  
  25,100,000   

VMIG1(d)

  

PSFG, Series A, SPA-Bank of America, 3.510%, 1/5/06 (c)

     25,100,000
  19,000,000   

VMIG1(d)

  

Series B, FSA-Insured, LIQ-Bank of America, 3.510%, 1/5/06 (c)

     19,000,000
  10,130,000   

NR

  

Pflugerville, TX, ISD, GO, Series 565, PSFG PART, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     10,130,000
  15,000,000   

A-1+

  

Port Arthur, TX, Navigation District, BASF Corp. Project, Series A, 3.700%, 1/4/06 (b)(c)

     15,000,000
  11,215,000   

A-1+

  

Round Rock, TX, ISD, GO, MSTC, Series SGA-133, PSFG, PART, LIQ-Societe Generale, 3.600%, 1/4/06 (c)

     11,215,000
  2,900,000   

A-1+

  

San Antonio, TX, Educational Facilities Corp., Higher Education, Trinity University, 3.700%, 1/3/06 (c)

     2,900,000

 

See Notes to Schedule of Investments.

 

23


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Texas (continued)   
$ 24,777,000   

VMIG1(d)

  

San Antonio, TX, Electric & Gas Munitops, Series 1998-22, PART, MBIA-Insured, SPA-ABN AMRO Bank N.V., 3.560%, 1/5/06 (c)

   $ 24,777,000
     

San Antonio, TX, Electric and Gas TECP, Series A, LIN-Bank of America/LIN-State Street Bank:

  
  24,300,000   

A-1+

  

2.800% due 1/12/06

     24,300,000
  28,700,000   

A-1+

  

2.820% due 1/19/06

     28,700,000
  21,900,000   

A-1+

  

3.100% due 2/7/06

     21,900,000
     

San Antonio, TX, Water Systems, Series A, TECP, LIQ-Bank of America:

  
  11,200,000   

A-1+

  

2.850% due 1/13/06

     11,200,000
  35,000,000   

A-1+

  

2.910% due 3/9/06

     34,999,820
  13,400,000   

A-1+

  

San Jacinto, TX, College District, AMBAC-Insured, SPA-Westdeutsche Landesbank, 3.510%, 1/5/06 (c)

     13,400,000
  5,150,000   

VMIG1(d)

  

Southeast Texas, HFC, MFH, Oaks of Hitchcock Apartments, LOC-General Electric, 3.560%, 1/5/06 (b)(c)

     5,150,000
  15,700,000   

A-1+

  

Spring Branch, TX, ISD, Ltd. Tax Schoolhouse, PSFG-Insured, SPA-Bank of America, 3.000% due 9/8/06

     15,700,000
  4,030,000   

Aa1(d)

  

Sulphur Springs, TX, IDR, CMH Manufacturing, Inc. Project, LOC-U.S. Bank, 3.650%, 1/5/06 (b)(c)

     4,030,000
     

Texas Municipal Power Agency, TECP, LIQ-Bank of America, Bayerische Landesbank:

  
  15,000,000   

A-1

  

2.800% due 1/3/06

     15,000,000
  1,000,000   

A-1

  

2.820% due 1/3/06

     1,000,000
  36,960,000   

A-1

  

3.100% due 1/4/06

     36,960,000
  31,500,000   

A-1+

  

Texas State, Mobility Fund, Series B, SPA-Depfa Bank, 3.370%, 1/4/06 (c)

     31,500,000
  13,900,000   

A-1+

  

Texas State Department of Housing & Affairs, Single Family Revenue, Refunding, Series B, SPA-Depfa Bank, 3.450%, 1/4/06 (b)(c)

     13,900,000
  13,170,000   

A-1+

  

Texas State Department of Housing & Community Affairs, MFH, NHP Foundation, FHLMC, 3.580%, 1/4/06 (c)

     13,170,000
     

Texas State GO, Veterans Housing Assistance:

  
  2,675,000   

A-1+

  

Land Series A, SPA-Depfa Bank, 3.590%, 1/4/06 (b)(c)

     2,675,000
  25,000,000   

A-1+

  

Series II C-2, SPA-Depfa Bank, 3.560%, 1/4/06 (b)(c)

     25,000,000
  9,900,000   

A-1+

  

Series II-B, SPA-Depfa Bank, 3.590%, 1/4/06 (b)(c)

     9,900,000
  18,130,000   

A-1+

  

Series IIB, SPA-Landesbank Hessen-Thuringen, 3.600%, 1/4/06 (b)(c)

     18,130,000
  9,000,000   

A-1+

  

Texas State, PFA Unemployment, TECP, Series C-4, 3.100% due 1/4/06

     9,000,000
     

Texas Tech University Revenues, TECP, Series A:

  
  6,655,000   

A-1+

  

2.800% due 1/11/06

     6,655,000
  3,500,000   

A-1+

  

3.100% due 2/21/06

     3,500,000
  200,000   

A-1+

  

Texas Water Development Board Revenue, Refunding, State Revolving Fund, SPA-JPMorgan Chase, 3.750%, 1/3/06 (c)

     200,000
  13,000,000   

A-1+

  

Texas, PFA, TECP, Series 2002 A, 2.800% due 1/10/06

     13,000,000
  15,000,000   

F-1+(a)

  

Travis County, TX, Health Facilities Development Corp. Retirement Facilities Revenue, Querencia Barton Creek, Series C, LOC-LaSalle Bank, 3.530%, 1/5/06 (c)

     15,000,000
  7,580,000   

VMIG1(d)

  

Travis County, TX, HFC, MFH, Tanglewood Apartments, LIQ-FNMA, 3.510%,

    1/4/06 (c)

     7,580,000
  22,750,000   

VMIG1(d)

  

Tyler, TX, Health Facilities Development Corp. Hospital Revenue, Mother Frances Hospital, Series B, LOC-Bank of America, 3.550%, 1/5/06 (c)

     22,750,000
  9,500,000   

A-1+

  

University of Texas, TECP, 2.800% due 1/9/06

     9,500,000
  8,507,375   

VMIG1(d)

  

Wallis, TX, Higher Education Facilities Corp., St. Mark’s Episcopal School, LOC-JPMorgan Chase, 3.580%, 1/5/06 (c)

     8,507,375
  5,245,000   

A-1+

  

West Harris County, TX, Regional Water Authority, Series SGA-148, PART, MBIA-Insured, LIQ-Societe Generale, 3.600%, 1/4/06 (c)

     5,245,000
  3,100,000   

A-1+

  

West Side Calhoun County, TX, Naval District, Sewer and Solid Waste Disposal, BP Chemicals Inc. Project, 3.850%, 1/3/06 (b)(c)

     3,100,000
            
     

Total Texas

     1,381,621,347
            

 

See Notes to Schedule of Investments.

 

24


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Utah - 1.7%   
$ 35,400,000   

VMIG1(d)

  

Central Utah Water Conservancy District, Series B, AMBAC-Insured, SPA-Landesbank Hessen-Thuringen, 3.500%, 1/4/06 (c)

   $ 35,400,000
  2,500,000   

A-1+

  

County of Weber, UT, Hospital Revenue, IHC Health Services, Series C, SPA-Landesbank Hessen-Thuringen, 3.700%, 1/3/06 (c)

     2,500,000
     

Intermountain Power Agency Utilities, TECP:

  
  8,200,000   

A-1+

  

Series 2009E, AMBAC-Insured, SPA-JPMorgan Chase, 2.820% due 1/4/06

     8,200,000
     

Series B-5, LIQ-JPMorgan Chase:

  
  2,000,000   

A-1+

  

3.150% due 1/6/06

     2,000,000
  14,000,000   

A-1+

  

3.170% due 2/2/06

     14,000,000
  27,900,000   

A-1+

  

Murray, UT, IHC Health Services Inc., Series B, 3.580%, 1/5/06 (c)

     27,900,000
  1,235,000   

A-1+

  

Ogden City, UT, IDR, Infiltrator System Inc. Project, LOC-Wells Fargo Bank, 3.650%, 1/4/06 (b)(c)

     1,235,000
  5,000,000   

VMIG1(d)

  

Salt Lake City, UT, Rowland Hall, St.Mark’s Project, LOC-BNP Paribas, 3.510%,

    1/5/06 (c)

     5,000,000
  1,500,000   

A-1+

  

Salt Lake City, UT, PCR, Refunding, Service Station Holdings Project, 3.780%,

    1/3/06 (c)

     1,500,000
     

Utah County, UT, Hospital Revenue, IHC Health Services Inc.:

  
  3,000,000   

A-1+

  

Series B, SPA-Westdeutsche Landesbank, 3.580%, 1/5/06 (c)

     3,000,000
  10,000,000   

A-1+

  

Series C, SPA-Westdeutsche Landesbank, 3.520%, 1/5/06 (c)

     10,000,000
            
     

Total Utah

     110,735,000
            
  Virginia - 0.9%   
  200,000   

Aa2(d)

  

Alexandria, VA, IDA, IDR, Global Printing Inc. Project, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     200,000
  3,900,000   

A-1+

  

Chesapeake, VA, Hospital Authority Facilities Revenue, Chesapeake General Hospital, Series A, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     3,900,000
  3,000,000   

A-1+

  

King George County, VA, Garnet of VA Inc., LOC-JPMorgan Chase, 3.600%,

    1/5/06 (b)(c)

     3,000,000
  14,695,000   

A-1+

  

Loudoun County, VA, IDA, Howard Hughes Medical Institute, Series B, 3.500%,

    1/4/06 (c)

     14,695,000
  1,600,000   

Aa2(d)

  

Mecklenburg, VA, IDA, Glaize and Brothers LLC, LOC-Wachovia Bank, 3.620%, 1/5/06 (b)(c)

     1,600,000
  6,800,000   

VMIG1(d)

  

Richmond, VA, IDA, Richmond SPCA Project, LOC-SunTrust Bank, 3.550%, 1/4/06 (c)

     6,800,000
     

Roanoke, VA, IDA, Hospital Revenue Carillion Health Systems:

  
  7,000,000   

A-1+

  

LIQ-Societe Generale, 3.750%, 1/3/06 (c)(g)

     7,000,000
  2,640,000   

A-1+

  

Series B, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)(g)

     2,640,000
  2,410,000   

A-1+

  

Series C, SPA-Wachovia Bank NA, 3.700%, 1/3/06 (c)(g)

     2,410,000
  2,955,000   

NR

  

Rockbridge County, VA, IDA, Des Champs Project, LOC-Bank of America, 3.600%, 1/5/06 (b)(c)

     2,955,000
  3,065,000   

VMIG1(d)

  

University of Virginia, University Revenue, Series 856 PART, LIQ-Morgan Stanley, 3.550%, 1/5/06 (c)

     3,065,000
  4,000,000   

VMIG1(d)

  

Virginia Beach, VA, Development Authority, IMS Gear Project, LOC-Wachovia Bank, 3.570%, 1/5/06 (b)(c)

     4,000,000
  2,400,000   

A-1+

  

Virginia Port Authority, Series SGA-111, MBIA-Insured PART, LIQ-Societe Generale, 3.580%, 1/5/06 (c)

     2,400,000
  2,080,000   

Aa2(d)

  

Virginia Small Business Finance Authority, Ennstone Inc. Project, LOC-Wachovia Bank, 3.570%, 1/5/06 (b)(c)

     2,080,000
            
     

Total Virginia

     56,745,000
            
  Washington - 2.3%   
  23,585,000   

A-1+

  

Energy Northwest Electric Revenue Project 3, Series D-3-2, MBIA-Insured, SPA-Dexia Credit Local, 3.600%, 1/4/06 (c)

     23,585,000
  2,975,000   

A-1+

  

Everett, WA, IDC, Elizabeth A. Lynn Trust Project, LOC-U.S. Bank, 3.650%,

    1/5/06 (b)(c)

     2,975,000

 

See Notes to Schedule of Investments.

 

25


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE
  Washington (continued)   
$ 3,200,000   

A-1+

  

Everett, WA, Industrial Development Corp., Kimberly-Clark Corp. Project, 3.550%, 1/4/06 (c)

   $ 3,200,000
  5,680,000   

A-1+

  

King County, WA, Housing Authority, Overlake Project, LOC-Bank of America, 3.600%, 1/5/06 (b)(c)

     5,680,000
  15,000,000   

A-1

  

King County, WA, Sewer Revenue, TECP, Series A, LIQ-Bayerische Landesbank, 3.100% due 2/9/06

     15,000,000
  2,040,000   

A-1+

  

Olympia, WA, EDA, Spring Air Northwest Project, LOC-U.S. Bank, 3.650%,

    1/5/06 (b)(c)

     2,040,000
  5,500,000   

A-1+

  

Washington State EDA, Solid Waste Disposal Revenue, Waste Management Project, Series C, LOC-Bank of America, 3.560%, 1/4/06 (b)(c)

     5,500,000
  4,100,000   

A-1+

  

Washington State Health Care Facilities, Providence Services, Series A, MBIA-Insured, SPA-JPMorgan Chase, 3.700%, 1/3/06 (c)

     4,100,000
  10,000,000   

VMIG1(d)

  

Washington State HFC, Single Family Program, Series VR-2A, GNMA/FNMA/FHLMC-Insured, LIQ-State Street Bank, 3.450%, 1/5/06 (b)(c)

     10,000,000
  9,790,000   

A-1

  

Washington State Public Power Supply System NO 3 Electric Revenue, Series 3A, MBIA-Insured, SPA-Credit Suisse First Boston, 3.500%, 1/4/06 (c)

     9,790,000
  14,155,000   

VMIG1(d)

  

Washington State, GO, Series 2001-6, PART, MBIA-Insured, SPA-ABN AMRO Bank N.V., 3.560%, 1/5/06 (c)

     14,155,000
  14,265,000   

A-1

  

Washington State, GO, MSTC, PART, Series 2001-149, Class A, PART, LIQ-Bear Stearns, 3.590%, 1/4/06 (c)(e)

     14,265,000
     

Washington State, HFA, MFH:

  
  7,805,000   

A-1+

  

Regency Park Apartments Project, Series A, LOC-U.S. Bank, 3.850%,

    1/3/06 (b)(c)

     7,805,000
  3,550,000   

A-1+

  

Summer Ridge Apartments Project, Series A, LOC-U.S. Bank, 3.850%,

    1/3/06 (b)(c)

     3,550,000
     

Washington State, HFA, MFH Revenue:

  
  3,400,000   

A-1+

  

Heatherwood Apartments Project, Series A, LOC-U.S. Bank, 3.850%,

    1/3/06 (b)(c)

     3,400,000
  1,000,000   

A-1+

  

Mill Pointe Apartments Project, Series A, LOC-U.S. Bank, 3.850%, 1/3/06 (b)(c)

     1,000,000
     

Washington State, HFC, MFH Revenue:

  
  5,165,000   

VMIG1(d)

  

Olympic Heights Apartments, LIQ-FNMA, 3.550%, 1/5/06 (c)

     5,165,000
  2,880,000   

VMIG1(d)

  

Valley View Apartments Project, LIQ-FNMA, 3.550%, 1/5/06 (c)

     2,880,000
  7,500,000   

VMIG1(d)

  

Vintage Mountain Vernon Project, Series A, LIQ-FNMA, 3.600%, 1/5/06 (b)(c)

     7,500,000
     

Yakima County, WA, Public Corp.:

  
  4,000,000   

P-1(d)

  

Can-Am Milwork Ltd. Project, LOC-Toronto Dominion Bank, 3.600%,

    1/4/06 (b)(c)

     4,000,000
  2,000,000   

NR

  

Longview Fibre Co. Project, LOC-Bank of America, 3.730%, 1/4/06 (b)(c)

     2,000,000
            
     

Total Washington

     147,590,000
            
  West Virginia - 0.0%   
  1,000,000   

A-1+

  

Marion County, WV, Solid Waste Disposal Facilities, Granttown Project, Series D, LOC-Royal Bank of Scotland, 3.470%, 1/4/06 (b)(c)

     1,000,000
  1,730,000   

NR

  

Putnam County, WV, Solid Waste Disposal, FMC Corp., LOC-Wachovia Bank, 3.670%, 1/5/06 (b)(c)

     1,730,000
            
     

Total West Virginia

     2,730,000
            
  Wisconsin - 3.1%   
  8,100,000   

A-1+

  

Oneida Tribe of Indians, HFA, LOC-Bank of America, 3.550%, 1/5/06 (c)

     8,100,000
  12,850,000   

A-1+

  

University of Wisconsin Hospitals and Clinics Authority Revenue, MBIA-Insured, LIQ-U.S. Bank, 3.550%, 1/4/06 (c)

     12,850,000
  14,455,000   

AAA

  

Wisconsin Center District Tax Revenue, MSTC, Series 1999-70, Class A, PART, FSA-Insured, LIQ-Bear Stearns, 3.600%, 1/4/06 (c)(e)

     14,455,000
  7,000,000   

VMIG1(d)

  

Wisconsin Center District, WI, Tax Revenue, Series A, LOC-U.S. Bank, 3.550%, 1/4/06 (c)

     7,000,000

 

See Notes to Schedule of Investments.

 

26


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

 
 
FACE
AMOUNT
  

RATING‡

  

SECURITY

     VALUE  
  Wisconsin (continued)   
     

Wisconsin HEFA:

  
$ 12,400,000   

VMIG1(d)

  

Alexian Brothers Healthcare, LOC-JPMorgan Chase, 2.820%, 1/3/06 (c)

   $ 12,400,000  
  25,400,000   

A-1

  

AMBAC-Insured, SPA-Morgan Stanley, 3.500%, 1/5/06 (c)

     25,400,000  
  14,155,000   

A-1+

  

Wisconsin Housing & Economic Development Authority, Homeownership Revenue, Series C, 3.950%, 1/4/06 (b)(c)

     14,155,000  
     

Wisconsin Housing & EDA Home Ownership Revenue:

  
  4,585,000   

A-1+

  

Series B, SPA-State Street Bank, 3.590%, 1/4/06 (b)(c)

     4,585,000  
  9,175,000   

A-1+

  

Series C, SPA-FHLB, 3.550%, 1/4/06 (c)

     9,175,000  
  8,000,000   

A-1+

  

Series E, SPA-FHLB, 3.590%, 1/4/06 (b)(c)

     8,000,000  
  21,120,000   

A-1+

  

Series I, FSA-Insured, SPA-Dexia Credit Local, 3.450%, 1/4/06 (b)(c)

     21,120,000  
     

Wisconsin State GO, TECP:

  
  15,000,000   

A-1+

  

Series 2000C, 3.100% due 1/9/06

     15,000,000  
  17,325,000   

A-1+

  

Series 2002A, 2.800% due 1/3/06

     17,325,000  
  16,250,000   

A-1+

  

Series 2004A, 3.150% due 1/6/06

     16,250,000  
  8,390,000   

A-1+

  

Wisconsin State Transportation Revenue TECP, LIQ-Bayerische Landesbank & Westdeutsche Landesbank, 3.120% due 1/9/06

     8,390,000  
              
     

Total Wisconsin

     194,205,000  
              
     

TOTAL INVESTMENTS - 108.1%

(Cost - $6,845,585,040#)

     6,845,585,040  
     

Liabilities in Excess of Other Assets - (8.1)%

     (514,790,057 )
              
     

TOTAL NET ASSETS - 100.0%

   $ 6,330,794,983  
              

 

All ratings are by Standard & Poor’s Ratings Service, unless otherwise noted.

 

(a) Rating by Fitch Ratings Service.

 

(b) Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax (“AMT”).

 

(c) Variable rate demand obligations have a demand feature under which the Fund can tender them back to the issuer on no more than 7 days notice. Date shown is the date of the next interest rate change.

 

(d) Rating by Moody’s Investors Service.

 

(e) Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions that are exempt from registration, normally to qualified institutional buyers.

 

(f) Bonds are escrowed to maturity by government securities and/or government agency securities and are considered by the Manager to be triple-A rated even if issuer has not applied for new ratings.

 

(g) Pre-Refunded bonds are escrowed with government securities and/or government agency securities and are considered by the Manager to be triple-A rated even if issuer has not applied for new ratings.

 

# Aggregate cost for federal income tax purposes is substantially the same.

 

Abbreviations used in this schedule:

AMBAC   — Ambac Assurance Corporation
BAN   — Bond Anticipation Notes
CDA   — Community Development Authority
COP   — Certificate of Participation
DFA   — Development Finance Agency
EDA   — Economic Development Authority
EDR   — Economic Development Revenue
EFA   — Educational Facilities Authority
FGIC   — Financial Guaranty Insurance Company
FHLB   — Federal Home Loan Bank
FHLMC   — Federal Home Loan Mortgage Corporation
FNMA   — Federal National Mortgage Association
FSA   — Financial Security Assurance
GAN   — Grant Anticipation Notes
GNMA   — Government National Mortgage Association
GO   — General Obligation
HEFA   — Health & Educational Facilities Authority
HFA   — Housing Finance Authority
IDA   — Industrial Development Authority

 

See Notes to Schedule of Investments.

 

27


SMITH BARNEY MUNICIPAL MONEY MARKET FUND, INC.

 

Schedule of Investments (unaudited) (continued)    December 31, 2005

 

IDB   — Industrial Development Board
IDR   — Industrial Development Revenue
IFA   — Industrial Finance Agency
ISD   — Independent School District
LIN   — Line of Credit
LIQ   — Liquidity Facility
LOC   — Letter of Credit
MBIA   — Municipal Bond Investors Assurance Corporation
MERLOT   — Municipal Exempt Receipts Liquidity Optional Receipts
MFH   — Multi - Family Housing
MSTC   — Municipal Securities Trust Certificates
PART   — Partnership Structure
PCR   — Pollution Control Revenue
PFA   — Public Facilities Authority
PSFG   — Permanent School Fund Guaranty
RAN   — Revenue Anticipation Notes
SPA   — Standby Bond Purchase Agreement
TAN   — Tax Anticipation Notes
TECP   — Tax Exempt Commercial Paper
TFA   — Transitional Finance Authority
TRAN   — Tax and Revenue Anticipation Notes
VA   — Veterans Administration
VRDO   — Variable Rate Demand Obligation
XLCA   — XL Capital Assurance Inc.

 

Summary of Investments by Industry *

      

General Obligations

   19.9 %

Hospitals

   13.3  

Education

   12.2  

Transportation

   8.6  

Utilities

   7.6  

Water and Sewer

   7.0  

Housing: Multi-Family

   5.6  

Finance

   5.3  

Industrial Development

   4.1  

Other

   16.4  
      
   100.0 %
      

* As a percentage of total investments.

 

See Notes to Schedule of Investments.

 

28


Bond Ratings (unaudited)

The definitions of the applicable rating symbols are set forth below:

Standard & Poor’s Ratings Service (“Standard & Poor’s”) — Ratings from “AA” to “A” may be modified by the addition of a plus (+) or minus (–) sign to show relative standings within the major rating categories.

AAA — Bonds rated “AAA” have the highest rating assigned by Standard & Poor’s. Capacity to pay interest and repay principal is extremely strong.

AA — Bonds rated “AA” have a very strong capacity to pay interest and repay principal and differ from the highest rated issues only in a small degree.

A — Bonds rated “A” have a strong capacity to pay interest and repay principal although they are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt in higher rated categories.

Moody’s Investors Service (“Moody’s”)—Numerical modifiers 1, 2 and 3 may be applied to each generic rating from “Aa” to “A,” where 1 is the highest and 3 the lowest ranking within its generic category.

Aaa — Bonds rated “Aaa” are judged to be of the best quality. They carry the smallest degree of investment risk and are generally referred to as “gilt edge.” Interest payments are protected by a large or by an exceptionally stable margin and principal is secure. While the various protective elements are likely to change, such changes as can be visualized are most unlikely to impair the fundamentally strong position of such issues.

Aa — Bonds rated “Aa” are judged to be of high quality by all standards. Together with the “Aaa” group they comprise what are generally known as high grade bonds. They are rated lower than the best bonds because margins of protection may not be as large as in “Aaa” securities or fluctuation of protective elements may be of greater amplitude or there may be other elements present which make the long-term risks appear somewhat larger than in “Aaa” securities.

A — Bonds rated “A” possess many favorable investment attributes and are to be considered as upper medium grade obligations. Factors giving security to principal and interest are considered adequate but elements may be present which suggest a susceptibility to impairment some time in the future.

 

29


Bond Ratings (unaudited) (continued)

Fitch Ratings Service (“Fitch”) — Ratings from “AA” to “A” may be modified by the addition of a plus (+) or minus (–) sign to show relative standings within the major rating categories

AAA — Bonds rated “AAA” have the highest rating assigned by Fitch. Capacity to pay interest and repay principal is extremely strong.

AA — Bonds rated “AA” have a very strong capacity to pay interest and repay principal and differ from the highest rated issues only in a small degree.

A — Bonds rated “A” have a strong capacity to pay interest and repay principal although they are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt in higher rated categories.

Short-Term Security Ratings (unaudited)

SP-1 — Standard & Poor’s highest rating indicating very strong or strong capacity to pay principal and interest; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.

A-1 — Standard & Poor’s highest commercial paper and variable-rate demand obligation (VRDO) rating indicating that the degree of safety regarding timely payment is either overwhelming or very strong; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.

VMIG 1 — Moody’s highest rating for issues having a demand feature— VRDO.

 

MIG1 — Moody’s highest rating for short-term municipal obligations.

P-1 — Moody’s highest rating for commercial paper and for VRDO prior to the advent of the VMIG 1 rating.

F-1 — Fitch’s highest rating indicating the strongest capacity for timely payment of financial commitments; those issues determined to possess overwhelming strong credit feature are denoted with a plus (+) sign.

NR — Indicates that the bond is not rated by Standard & Poor’s, Moody’s or Fitch.

 

30


Notes to Schedule of Investments (unaudited)

1. Organization and Significant Accounting Policies

The Smith Barney Municipal Money Market Fund, Inc. (the “Fund”), a Maryland corporation, is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as a diversified, open-end management investment company.

The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles (“GAAP”).

(a) Investment valuation. Money market instruments are valued at amortized cost, in accordance with Rule 2a-7 under the 1940 Act, which approximates market value. This method involves valuing portfolio securities at its cost and thereafter assuming a constant amortization to maturity of any discount or premium. The Fund’s use of amortized cost is subject to their compliance with certain conditions as specified under Rule 2a-7 of the 1940 Act.

(b) Security Transactions. Security transactions are accounted for on a trade date basis.

 

31


ITEM 2. CONTROLS AND PROCEDURES.

 

  (a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934.

 

  (b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are likely to materially affect the registrant’s internal control over financial reporting.

 

ITEM 3. EXHIBITS.

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are attached hereto.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Smith Barney Municipal Money Market Fund, Inc.

 

By   /s/    R. JAY GERKEN        
  R. Jay Gerken
  Chief Executive Officer

Date  March 1, 2006

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By   /s/    R. JAY GERKEN        
  R. Jay Gerken
  Chief Executive Officer

Date  March 1, 2006

 

By   /s/    ROBERT J. BRAULT        
  Robert J. Brault
  Chief Financial Officer

Date  March 1, 2006