WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0001000077
<NAME> Growth Portfolio
<SERIES>
   <NUMBER>004
   <NAME>Smith Barney Allocation Series

<S>                             <C>
<PERIOD-TYPE>                  6-MOS
<FISCAL-YEAR-END>                               Jan-31-2001
<PERIOD-END>                                    Jul-31-2000
<INVESTMENTS-AT-COST>                           859,534,482
<INVESTMENTS-AT-VALUE>                          973,372,102
<RECEIVABLES>                                       199,279
<ASSETS-OTHER>                                          471
<OTHER-ITEMS-ASSETS>                                      0
<TOTAL-ASSETS>                                  973,571,852
<PAYABLE-FOR-SECURITIES>                                  0
<SENIOR-LONG-TERM-DEBT>                                   0
<OTHER-ITEMS-LIABILITIES>                         1,536,814
<TOTAL-LIABILITIES>                               1,536,814
<SENIOR-EQUITY>                                           0
<PAID-IN-CAPITAL-COMMON>                        827,677,527
<SHARES-COMMON-STOCK>                            32,253,241
<SHARES-COMMON-PRIOR>                            32,021,584
<ACCUMULATED-NII-CURRENT>                         9,613,105
<OVERDISTRIBUTION-NII>                                    0
<ACCUMULATED-NET-GAINS>                          20,906,786
<OVERDISTRIBUTION-GAINS>                                  0
<ACCUM-APPREC-OR-DEPREC>                        113,837,620
<NET-ASSETS>                                    972,035,038
<DIVIDEND-INCOME>                                14,493,820
<INTEREST-INCOME>                                   163,087
<OTHER-INCOME>                                            0
<EXPENSES-NET>                                    5,043,406
<NET-INVESTMENT-INCOME>                           9,613,501
<REALIZED-GAINS-CURRENT>                         20,911,673
<APPREC-INCREASE-CURRENT>                       (24,478,408)
<NET-CHANGE-FROM-OPS>                             6,046,766
<EQUALIZATION>                                            0
<DISTRIBUTIONS-OF-INCOME>                                 0
<DISTRIBUTIONS-OF-GAINS>                         15,498,166
<DISTRIBUTIONS-OTHER>                                     0
<NUMBER-OF-SHARES-SOLD>                           2,411,289
<NUMBER-OF-SHARES-REDEEMED>                       3,218,944
<SHARES-REINVESTED>                               1,039,312
<NET-CHANGE-IN-ASSETS>                          (12,385,293)
<ACCUMULATED-NII-PRIOR>                             962,562
<ACCUMULATED-GAINS-PRIOR>                        31,696,226
<OVERDISTRIB-NII-PRIOR>                                   0
<OVERDIST-NET-GAINS-PRIOR>                                0
<GROSS-ADVISORY-FEES>                                     0
<INTEREST-EXPENSE>                                        0
<GROSS-EXPENSE>                                   5,043,406
<AVERAGE-NET-ASSETS>                            475,462,582
<PER-SHARE-NAV-BEGIN>                                15.180
<PER-SHARE-NII>                                       0.120
<PER-SHARE-GAIN-APPREC>                              (0.060)
<PER-SHARE-DIVIDEND>                                  0.000
<PER-SHARE-DISTRIBUTIONS>                             0.500
<RETURNS-OF-CAPITAL>                                  0.000
<PER-SHARE-NAV-END>                                  14.740
<EXPENSE-RATIO>                                        1.35



</TABLE>