[ARTICLE] 6
[CIK] 0000874835
[NAME] SMITH BARNEY SERIES FUND
[SERIES]
   [NUMBER] 3
   [NAME] GROWTH AND INCOME
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1996
[PERIOD-END]                               DEC-31-1996
[INVESTMENTS-AT-COST]                       27,504,672
[INVESTMENTS-AT-VALUE]                      38,657,443
[RECEIVABLES]                               38,657,443
[ASSETS-OTHER]                                 111,222
[OTHER-ITEMS-ASSETS]                               667
[TOTAL-ASSETS]                              38,769,332
[PAYABLE-FOR-SECURITIES]                        21,564
[SENIOR-LONG-TERM-DEBT]                        174,585
[OTHER-ITEMS-LIABILITIES]                       71,056
[TOTAL-LIABILITIES]                            267,205
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                             0
[SHARES-COMMON-STOCK]                       34,858,572
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                        2,343
[OVERDISTRIBUTION-NII]                      23,892,969
[ACCUMULATED-NET-GAINS]                        613,411
[OVERDISTRIBUTION-GAINS]                     2,840,633
[ACCUM-APPREC-OR-DEPREC]                    11,152,771
[NET-ASSETS]                                38,502,127
[DIVIDEND-INCOME]                              736,818
[INTEREST-INCOME]                              184,351
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 306,827
[NET-INVESTMENT-INCOME]                        614,342
[REALIZED-GAINS-CURRENT]                     2,842,198
[APPREC-INCREASE-CURRENT]                    3,230,536
[NET-CHANGE-FROM-OPS]                        6,687,076
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        131,558
[NUMBER-OF-SHARES-REDEEMED]                    352,087
[SHARES-REINVESTED]                              3,219
[NET-CHANGE-IN-ASSETS]                       3,343,941
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                       (42,085)
[OVERDIST-NET-GAINS-PRIOR]                     (1,565)
[GROSS-ADVISORY-FEES]                                0
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                306,827
[AVERAGE-NET-ASSETS]                        36,806,361
[PER-SHARE-NAV-BEGIN]                            13.73
[PER-SHARE-NII]                                  00.27
[PER-SHARE-GAIN-APPREC]                          02.45
[PER-SHARE-DIVIDEND]                             00.02
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              16.43
[EXPENSE-RATIO]                                  00.84
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>