0001193125-04-188003 Sample Contracts

FORM OF INVESTMENT MANAGEMENT AGREEMENT SMITH BARNEY INVESTMENT FUNDS INC. Smith Barney Real Return Strategy Fund

Investment Management Agreement • November 5th, 2004 • Smith Barney Investment Funds Inc /Md/

• Contract Type
  Investment Management Agreement
• Filed
  November 5th, 2004
• Company
  Smith Barney Investment Funds Inc /Md/

Smith Barney Investment Funds Inc. (the “Company”), a corporation organized under the laws of the State of Maryland, on behalf of its new series, Smith Barney Real Return Strategy Fund (the “Fund”), herewith confirms its agreement with Smith Barney Fund Management LLC (the “Manager”), as follows:

FORM OF SUBADVISORY AGREEMENT Smith Barney Investment Funds Inc.— Smith Barney Real Return Strategy Fund

Agreement • November 5th, 2004 • Smith Barney Investment Funds Inc /Md/ • New York

• Contract Type
  Agreement
• Filed
  November 5th, 2004
• Company
  Smith Barney Investment Funds Inc /Md/
• Jurisdiction
  New York

THIS AGREEMENT is made this 8th day of November, 2004, among Smith Barney Investment Funds Inc. (the “Company”), a corporation incorporated under the laws of the State of Maryland, on behalf of the Smith Barney Real Return Strategy Fund (the “Fund”), Smith Barney Fund Management LLC (the “Manager”) and Travelers Investment Management Company (the “Sub-Adviser”).

FORM OF SUBADVISORY AGREEMENT Smith Barney Investment Funds Inc. Smith Barney Real Return Strategy Fund

Smith Barney Investment Funds Inc /Md/ • November 5th, 2004 • New York

• Company
  Smith Barney Investment Funds Inc /Md/
• Filed
  November 5th, 2004
• Jurisdiction
  New York

THIS AGREEMENT is made this 8th day of November 2004, among Smith Barney Investment Funds Inc. (the “Company”), a corporation incorporated under the laws of the State of Maryland, on behalf of the Smith Barney Real Return Strategy Fund (the “Fund”), Smith Barney Fund Management LLC (the “Manager”) and Citigroup Asset Management Limited (the “Sub-Adviser”).