[ARTICLE] 6
[CIK] 0000874835
[NAME] SMITH BARNEY SERIES FUND
[SERIES]
   [NUMBER] 7
   [NAME] EQUITY INDEX PORTFOLIO
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1997
[PERIOD-END]                               JUN-30-1997
[INVESTMENTS-AT-COST]                       12,918,985
[INVESTMENTS-AT-VALUE]                      22,185,440
[RECEIVABLES]                                   30,860
[ASSETS-OTHER]                                      62
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              22,216,362
[PAYABLE-FOR-SECURITIES]                        24,640
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                        7,853
[TOTAL-LIABILITIES]                             32,493
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    11,483,616
[SHARES-COMMON-STOCK]                        1,006,838
[SHARES-COMMON-PRIOR]                        1,048,910
[ACCUMULATED-NII-CURRENT]                      333,375
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      1,100,423
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     9,266,455
[NET-ASSETS]                                22,183,869
[DIVIDEND-INCOME]                              188,531
[INTEREST-INCOME]                                6,475
[OTHER-INCOME]                                 195,006
[EXPENSES-NET]                                  95,214
[NET-INVESTMENT-INCOME]                         99,792
[REALIZED-GAINS-CURRENT]                       469,918
[APPREC-INCREASE-CURRENT]                    3,166,310
[NET-CHANGE-FROM-OPS]                        3,736,020
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                         44,979
[NUMBER-OF-SHARES-REDEEMED]                     87,051
[SHARES-REINVESTED]                                  0
[NET-CHANGE-IN-ASSETS]                       2,926,061
[ACCUMULATED-NII-PRIOR]                        233,583
[ACCUMULATED-GAINS-PRIOR]                      630,505
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                           40,692
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                 99,792
[AVERAGE-NET-ASSETS]                        20,530,633
[PER-SHARE-NAV-BEGIN]                            18.36
[PER-SHARE-NII]                                  00.11
[PER-SHARE-GAIN-APPREC]                          03.56
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              22.03
[EXPENSE-RATIO]                                  00.93
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>