<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808244
<NAME> U.S. GOVERNMENT/HIGH QUALITY SECURITIES PORTFOLIO
<SERIES>
   <NUMBER> 003
   <NAME> SMITH BARNEY VARIABLE ACCOUNT FUNDS

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               DEC-31-1999
<INVESTMENTS-AT-COST>                          754,937
<INVESTMENTS-AT-VALUE>                         754,937
<RECEIVABLES>                                   14,501
<ASSETS-OTHER>                                     425
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 769,863
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       14,145
<TOTAL-LIABILITIES>                             14,145
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       737,850
<SHARES-COMMON-STOCK>                           71,118
<SHARES-COMMON-PRIOR>                           93,570
<ACCUMULATED-NII-CURRENT>                       17,868
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   755,718
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                               28,447
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                   8,435
<NET-INVESTMENT-INCOME>                         20,012
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                           20,012
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        2,850
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                          2,794
<NUMBER-OF-SHARES-REDEEMED>                     25,519
<SHARES-REINVESTED>                                273
<NET-CHANGE-IN-ASSETS>                       (217,282)
<ACCUMULATED-NII-PRIOR>                            710
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                            3,796
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 28,501
<AVERAGE-NET-ASSETS>                           845,187
<PER-SHARE-NAV-BEGIN>                            10.40
<PER-SHARE-NII>                                   0.26
<PER-SHARE-GAIN-APPREC>                           0.00
<PER-SHARE-DIVIDEND>                              0.03
<PER-SHARE-DISTRIBUTIONS>                         0.00
<RETURNS-OF-CAPITAL>                              0.00
<PER-SHARE-NAV-END>                              10.63
<EXPENSE-RATIO>                                   1.00


</TABLE>