SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT



                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934


Date of Report (Date of earliest event reported) November 13, 1996
                                                 -----------------


                           Smith Barney Holdings Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


          Delaware                   1-12484                06-1274088
       ---------------             -----------             -------------
       (State or other             (Commission             (IRS Employer
       jurisdiction of             File Number)          Identification No.)
       incorporation)

                 388 Greenwich Street, New York, NY       10013
--------------------------------------------------------------------------------
              (Address of principal executive offices) (Zip Code)

                                 (212) 816-6000
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

<PAGE>

                           SMITH BARNEY HOLDINGS INC.
                           Current Report on Form 8-K

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

              Exhibits:

     Exhibit No.         Description
     -----------         -----------

         1.01            Terms Agreement, dated November 13, 1996, among the
                         Company and Smith Barney Inc., BA Securities, Inc.,
                         Goldman, Sachs & Co., HSBC Securities, Inc., Lehman
                         Brothers Inc., J.P. Morgan Securities Inc. and Morgan
                         Stanley & Co. Incorporated, as Underwriters, relating
                         to the offer and sale of the Company's 6 5/8% Notes due
                         November 15, 2003.

         4.01            Form of Note for the Company's 6 5/8% Notes due
                         November 15, 2003.

<PAGE>

                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.



Dated:  November 14, 1996              SMITH BARNEY HOLDINGS INC.



                                       By: /s/ Firoz B. Tarapore
                                           ------------------------------
                                           Firoz B. Tarapore
                                           Assistant Treasurer
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{"company-data": {"conformed-name": "SMITH BARNEY HOLDINGS INC", "cik": "0000911562", "assigned-sic": "6211", "irs-number": "061274088", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12484", "film-number": "96667311"}, "business-address": {"street1": "388 GREENWICH STREET", "city": "NEW YORK", "state": "NY", "zip": "10013", "phone": "2128166000"}, "mail-address": {"street1": "388 GREENWICH STREET", "city": "NEW YORK", "state": "NY", "zip": "10013"}, "former-company": [{"former-conformed-name": "SMITH BARNEY SHEARSON HOLDINGS INC /DE/", "date-changed": "19930908"}, {"former-conformed-name": "SMITH BARNEY HOLDINGS INC /DE/", "date-changed": "19930908"}]}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) November 13, 1996
                                                 -----------------

                           Smith Barney Holdings Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                   1-12484                06-1274088
       ---------------             -----------             -------------
       (State or other             (Commission             (IRS Employer
       jurisdiction of             File Number)          Identification No.)
       incorporation)

                 388 Greenwich Street, New York, NY       10013
--------------------------------------------------------------------------------
              (Address of principal executive offices) (Zip Code)

                                 (212) 816-6000
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)
SMITH BARNEY HOLDINGS INC.
                           Current Report on Form 8-K

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.

              Exhibits:

     Exhibit No.         Description
     -----------         -----------

         1.01            Terms Agreement, dated November 13, 1996, among the
                         Company and Smith Barney Inc., BA Securities, Inc.,
                         Goldman, Sachs & Co., HSBC Securities, Inc., Lehman
                         Brothers Inc., J.P. Morgan Securities Inc. and Morgan
                         Stanley & Co. Incorporated, as Underwriters, relating
                         to the offer and sale of the Company's 6 5/8% Notes due
                         November 15, 2003.

         4.01            Form of Note for the Company's 6 5/8% Notes due
                         November 15, 2003.
SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated:  November 14, 1996              SMITH BARNEY HOLDINGS INC.

                                       By: /s/ Firoz B. Tarapore
                                           ------------------------------
                                           Firoz B. Tarapore
                                           Assistant Treasurer