[ARTICLE] 6
[CIK] 0000874835
[NAME] SMITH BARNEY SERIES FUND
[SERIES]
   [NUMBER] 1
   [NAME] INTERMEDIATE HIGH GRADE PORTFOLIO
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   YEAR
[FISCAL-YEAR-END]                          DEC-31-1996
[PERIOD-END]                               DEC-31-1996
[INVESTMENTS-AT-COST]                       14,601,283
[INVESTMENTS-AT-VALUE]                      14,499,677
[RECEIVABLES]                                  262,898
[ASSETS-OTHER]                                   8,502
[OTHER-ITEMS-ASSETS]                            19,577
[TOTAL-ASSETS]                              14,790,654
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       54,293
[TOTAL-LIABILITIES]                             54,293
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    14,169,225
[SHARES-COMMON-STOCK]                       1,377,431,
[SHARES-COMMON-PRIOR]                        1,524,359
[ACCUMULATED-NII-CURRENT]                      964,989
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      (292,228)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     (101,606)
[NET-ASSETS]                                14,736,361
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            1,102,433
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 137,444
[NET-INVESTMENT-INCOME]                        964,989
[REALIZED-GAINS-CURRENT]                       (4,603)
[APPREC-INCREASE-CURRENT]                    (738,535)
[NET-CHANGE-FROM-OPS]                          221,851
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      109,701
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                        103,151
[NUMBER-OF-SHARES-REDEEMED]                    260,275
[SHARES-REINVESTED]                             10,195
[NET-CHANGE-IN-ASSETS]                       (146,929)
[ACCUMULATED-NII-PRIOR]                      1,012,045
[ACCUMULATED-GAINS-PRIOR]                      137,970
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                           60,847
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                137,444
[AVERAGE-NET-ASSETS]                        15,203,575
[PER-SHARE-NAV-BEGIN]                            10.60
[PER-SHARE-NII]                                  00.71
[PER-SHARE-GAIN-APPREC]                         (0.53)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.08
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              10.70
[EXPENSE-RATIO]                                  00.90
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>