EQUITY INDEX PORTFOLIO,
a sub-trust of Smith Barney Series Fund
Supplement dated January 30, 1995 to Prospectus
dated April 29, 1994
On January 25, 1995, the Board of Trustees of Smith Barney Series
Fund approved for its sub-trust, Equity Index Portfolio (the "Portfolio"),
termination of the investment advisory agreement with PanAgora Asset
Management Inc., effective March 31, 1995. Future, it was proposed that
the Portfolio enter into a new investment advisory agreement with Travelers
Investment Management Company, a wholly-owned subsidiary of Smith Barney
Holdings Inc., the parent of the Portfolio's distributor and administrator.
The new investment advisory agreement would mirror the existing agreement,
including the same level of fees.
The proposed change in investment adviser is subject to the approval
of the Portfolio's shareholders. Proxy materials describing the proposed
change are being mailed to the Portfolios shareholders of record as of
February 3, 1995 in anticipation of a special meeting of shareholders
scheduled to be held on March 30, 1995.
January 31, 1995
ssf/013195st.doc
