[ARTICLE] 6
[CIK] 0000808244
[NAME] SMITH BARNEY VARIABLE ACCOUNT FUNDS
[SERIES]
   [NUMBER] 1
   [NAME] INCOME AND GROWTH PORTFOLIO
<TABLE>
<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>