Independent Auditors' Report


To the Shareholders and Board of Directors of
Travelers Series Fund Inc.:

In planning and performing our audits of the financial statements
of the Travelers Series Fund Inc. (the Funds) consisting of MFS
Total Return Portfolio, Travelers Managed Income Portfolio, Smith
Barney Money Market Portfolio, Smith Barney Large Cap Value
Portfolio, Van Kampen Enterprise Portfolio, Alliance Growth
Portfolio, Smith Barney International All Cap Growth Portfolio,
Salomon Brothers Global High Yield Portfolio, Putnam Diversified
Income Portfolio, Smith Barney High Income Portfolio, AIM Capital
Appreciation Portfolio, Smith Barney Large Cap Growth Portfolio,
Smith Barney Mid Cap Portfolio, and Smith Barney Aggressive
Growth Portfolio for the year ended October 31, 2001, we
considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form
N-SAR, not to provide assurance on the internal control.

The management of the Funds is responsible for establishing and
maintaining internal control.  In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefits and related costs of controls.  Generally,
controls that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes
that are fairly presented in conformity with accounting
principles generally accepted in the United States of America.
Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.

Because of inherent limitations in internal control, error or
fraud may occur and not be detected.  Also, projection of any
evaluation of internal control to future periods is subject to
the risk that it may become inadequate because of changes in
conditions or that the effectiveness of the design and operation
may deteriorate.

Our consideration of the internal control would not necessarily
disclose all matters in the internal control that might be
material weaknesses under standards established by the American
Institute of Certified Public Accountants.  A material weakness
is a condition in which the design or operation of one or more of
the internal control components does not reduce to a relatively
low level the risk that misstatements caused by error or fraud in
amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing
their assigned functions.  However, we noted no matters involving
the internal control and its operation, including controls for
safeguarding securities that we consider to be material
weaknesses as defined above as of October 31, 2001.

This report is intended solely for the information and use of
management, the Board of Directors of the Funds, and the
Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.


New York, New York
December 12, 2001