<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000808244
<NAME> SMITH BARNEY VARIABLE ACCOUNT FUNDS
<SERIES>
   <NUMBER> 2
   <NAME> INCOME AND GROWTH PORTFOLIO
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               DEC-31-1998
<INVESTMENTS-AT-COST>                        9,781,336
<INVESTMENTS-AT-VALUE>                      13,782,281
<RECEIVABLES>                                   17,863
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                               290
<TOTAL-ASSETS>                              13,800,434
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       22,001
<TOTAL-LIABILITIES>                             22,001
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     7,164,094
<SHARES-COMMON-STOCK>                          985,475
<SHARES-COMMON-PRIOR>                          939,010
<ACCUMULATED-NII-CURRENT>                      220,184
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      2,393,210
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     4,000,945
<NET-ASSETS>                                13,778,433
<DIVIDEND-INCOME>                              323,316
<INTEREST-INCOME>                               15,884
<OTHER-INCOME>                                 339,200
<EXPENSES-NET>                                 112,886
<NET-INVESTMENT-INCOME>                        226,314
<REALIZED-GAINS-CURRENT>                     2,388,392
<APPREC-INCREASE-CURRENT>                    (850,939)
<NET-CHANGE-FROM-OPS>                        1,763,767
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      396,112
<DISTRIBUTIONS-OF-GAINS>                     4,050,110
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         23,858
<NUMBER-OF-SHARES-REDEEMED>                    299,350
<SHARES-REINVESTED>                            321,957
<NET-CHANGE-IN-ASSETS>                     (2,457,532)
<ACCUMULATED-NII-PRIOR>                        405,947
<ACCUMULATED-GAINS-PRIOR>                    4,040,960
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                           88,984
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 88,984
<AVERAGE-NET-ASSETS>                                 0
<PER-SHARE-NAV-BEGIN>                            17.29
<PER-SHARE-NII>                                  00.29
<PER-SHARE-GAIN-APPREC>                          01.87
<PER-SHARE-DIVIDEND>                             00.49 
<PER-SHARE-DISTRIBUTIONS>                        04.98
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              13.98
<EXPENSE-RATIO>                                  00.76
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>