[ARTICLE] 6
[CIK] 0000874835
[NAME] SMITH BARNEY SERIES FUND
[SERIES]
   [NUMBER] 7
   [NAME] EQUITY INDEX FUND
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1996
[PERIOD-END]                               DEC-31-1996
[INVESTMENTS-AT-COST]                       13,277,032
[INVESTMENTS-AT-VALUE]                      19,376,438
[RECEIVABLES]                                   36,220
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              19,412,658
[PAYABLE-FOR-SECURITIES]                        15,147
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      139,703
[TOTAL-LIABILITIES]                            154,850
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    12,293,575
[SHARES-COMMON-STOCK]                        1,048,910
[SHARES-COMMON-PRIOR]                          977,601
[ACCUMULATED-NII-CURRENT]                      233,583
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                        630,505
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     6,100,145
[NET-ASSETS]                                19,257,808
[DIVIDEND-INCOME]                              356,888
[INTEREST-INCOME]                               61,054
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 181,902
[NET-INVESTMENT-INCOME]                        236,040
[REALIZED-GAINS-CURRENT]                       639,818
[APPREC-INCREASE-CURRENT]                    2,569,432
[NET-CHANGE-FROM-OPS]                        3,445,290
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        215,955
[NUMBER-OF-SHARES-REDEEMED]                    157,107
[SHARES-REINVESTED]                             12,461
[NET-CHANGE-IN-ASSETS]                       4,027,589
[ACCUMULATED-NII-PRIOR]                        231,185
[ACCUMULATED-GAINS-PRIOR]                      376,704
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                           69,030
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                181,902
[AVERAGE-NET-ASSETS]                        17,221,258
[PER-SHARE-NAV-BEGIN]                            15.58
[PER-SHARE-NII]                                  00.22
[PER-SHARE-GAIN-APPREC]                          03.17
[PER-SHARE-DIVIDEND]                             00.23
[PER-SHARE-DISTRIBUTIONS]                        00.38
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              18.36
[EXPENSE-RATIO]                                  01.06
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>