[ARTICLE] 6
[CIK] 0000808244
[NAME] SMITH BARNEY VARIABLE ACCOUNT FUNDS
[SERIES]
   [NUMBER] 1
   [NAME] INCOME AND GROWTH PORTFOLIO
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          DEC-31-1998
[PERIOD-END]                               JUN-30-1998
[INVESTMENTS-AT-COST]                       11,023,485
[INVESTMENTS-AT-VALUE]                      15,611,000
[RECEIVABLES]                                   17,804
[ASSETS-OTHER]                                     172
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              15,628,976
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                       22,114
[TOTAL-LIABILITIES]                             22,114
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                     9,025,282
[SHARES-COMMON-STOCK]                        1,131,315
[SHARES-COMMON-PRIOR]                          939,010
[ACCUMULATED-NII-CURRENT]                      130,866
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      1,863,199
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     4,587,515
[NET-ASSETS]                                15,606,862
[DIVIDEND-INCOME]                              175,711
[INTEREST-INCOME]                                7,814
[OTHER-INCOME]                                   (963)
[EXPENSES-NET]                                  61,546
[NET-INVESTMENT-INCOME]                        121,016
[REALIZED-GAINS-CURRENT]                     1,872,364
[APPREC-INCREASE-CURRENT]                    (264,369)
[NET-CHANGE-FROM-OPS]                        1,607,995
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                      396,097
[DISTRIBUTIONS-OF-GAINS]                     4,050,125
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                          7,812
[NUMBER-OF-SHARES-REDEEMED]                    137,464
[SHARES-REINVESTED]                            321,957
[NET-CHANGE-IN-ASSETS]                       (629,103)
[ACCUMULATED-NII-PRIOR]                        405,947
[ACCUMULATED-GAINS-PRIOR]                    4,040,960
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                           46,937
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                 61,546
[AVERAGE-NET-ASSETS]                        15,770,418
[PER-SHARE-NAV-BEGIN]                            17.29
[PER-SHARE-NII]                                  00.17
[PER-SHARE-GAIN-APPREC]                          01.81
[PER-SHARE-DIVIDEND]                             00.49
[PER-SHARE-DISTRIBUTIONS]                        04.98
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              13.80
[EXPENSE-RATIO]                                  00.79
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>