<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808244
<NAME> SMITH BARNEY VARIABLE ACCOUNT FUNDS
<SERIES>
   <NUMBER> 1
   <NAME> INCOME AND GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<INVESTMENTS-AT-COST>                       11,671,768
<INVESTMENTS-AT-VALUE>                      16,523,652
<RECEIVABLES>                                   30,159
<ASSETS-OTHER>                                     126
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              16,553,937
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      317,978
<TOTAL-LIABILITIES>                            317,972
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     6,937,174
<SHARES-COMMON-STOCK>                          939,010
<SHARES-COMMON-PRIOR>                        1,416,734
<ACCUMULATED-NII-CURRENT>                      405,947
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      4,040,960
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,851,884
<NET-ASSETS>                                16,235,965
<DIVIDEND-INCOME>                              463,735
<INTEREST-INCOME>                               76,371
<OTHER-INCOME>                                   1,501
<EXPENSES-NET>                                 140,392
<NET-INVESTMENT-INCOME>                        398,213
<REALIZED-GAINS-CURRENT>                     4,040,732
<APPREC-INCREASE-CURRENT>                      114,008
<NET-CHANGE-FROM-OPS>                        4,552,953
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       90,206
<DISTRIBUTIONS-OF-GAINS>                     1,210,791
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         12,756
<NUMBER-OF-SHARES-REDEEMED>                    568,198
<SHARES-REINVESTED>                             77,718
<NET-CHANGE-IN-ASSETS>                     (4,575,840)
<ACCUMULATED-NII-PRIOR>                         96,749
<ACCUMULATED-GAINS-PRIOR>                    1,210,824
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          109,300
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                140,392
<AVERAGE-NET-ASSETS>                        18,204,924
<PER-SHARE-NAV-BEGIN>                            14.69
<PER-SHARE-NII>                                  00.47
<PER-SHARE-GAIN-APPREC>                          03.61
<PER-SHARE-DIVIDEND>                             00.10
<PER-SHARE-DISTRIBUTIONS>                        01.38
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              17.29
<EXPENSE-RATIO>                                  00.77
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>