FORM 13F Cover Page Report for the Calendar Year or Quarter Ended: September 30, 2007 Check here if Amendment [ ]: Amendment Number: This Amendment (check only one): [ ] is a restatement [ ] adds new holdings entries Institutional Investment Manager Filing this report: Name: Smith Barney Fund Management, LLC Address: 620 8th Avenue New York, New York 10018 13F File Number: 28-4024 The institutional investment manager filing this report and the Person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Name: Terrence Murphy Title: Chief Administrative Officer Phone: 212-805-2112 Signature Place Date of Signing ____________________________________________________________________________ /s/Terrence Murphy New York, New York November 14, 2007 Report Type (check only one) [ ] 13F HOLDINGS REPORT [ X ] 13F NOTICE [ ] 13F COMBINATION REPORT List of other managers reporting for this manager: 28-1700 Legg Mason, Inc. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934. FORM 13F SUMMARY PAGE Report Summary: N/A Number of Other Included Managers: N/A Form 13F Information Table Entry Total: N/A Form 13F Information Table Value Total: N/A List of Other Included Managers: N/A