WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0001000077
<NAME> Income Portfolio
<SERIES>
<NUMBER>002
<NAME>Smith Barney Allocation Series
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> Jan-31-2001
<PERIOD-END> Jul-31-2000
<INVESTMENTS-AT-COST> 60,586,532
<INVESTMENTS-AT-VALUE> 56,036,106
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<SHARES-COMMON-STOCK> 2,292,445
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<REALIZED-GAINS-CURRENT> (673,374)
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<NET-CHANGE-FROM-OPS> 1,971,777
<EQUALIZATION> 0
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<NET-CHANGE-IN-ASSETS> (8,268,205)
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</TABLE>