<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the LB
Series Fund, Inc. Semi-Annual Report to Shareholders dated June 30, 2000 and
is qualified in its entirety by reference to such Semi-Annual Report.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> LB SERIES FUND, INC. - INCOME PORTFOLIO
</SERIES>
<MULTIPLIER> 1,000
<CURRENCY> U.S. DOLLARS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-2000
<PERIOD-START> JAN-01-2000
<PERIOD-END> JUN-30-2000
<EXCHANGE-RATE> 1
<INVESTMENTS-AT-COST> 1,178,673
<INVESTMENTS-AT-VALUE> 1,159,384
<RECEIVABLES> 17,037
<ASSETS-OTHER> 29
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,176,450
<PAYABLE-FOR-SECURITIES> 135,671
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 103
<TOTAL-LIABILITIES> 135,774
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,104,658
<SHARES-COMMON-STOCK> 110,523
<SHARES-COMMON-PRIOR> 113,239
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (44,656)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (19,326)
<NET-ASSETS> 1,040,676
<DIVIDEND-INCOME> 129
<INTEREST-INCOME> 36,775
<OTHER-INCOME> 0
<EXPENSES-NET> 2,064
<NET-INVESTMENT-INCOME> 34,840
<REALIZED-GAINS-CURRENT> (15,982)
<APPREC-INCREASE-CURRENT> 16,154
<NET-CHANGE-FROM-OPS> 35,012
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 34,840
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,084
<NUMBER-OF-SHARES-REDEEMED> 7,527
<SHARES-REINVESTED> 3,726
<NET-CHANGE-IN-ASSETS> (25,329)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (28,675)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,064
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,064
<AVERAGE-NET-ASSETS> 1,037,654
<PER-SHARE-NAV-BEGIN> 9.41
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 0.01
<PER-SHARE-DIVIDEND> 0.31
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 9.42
<EXPENSE-RATIO> 0.40
</TABLE>
