SMITH BARNEY/TRAVELERS SERIES FUND INC.
Supplement dated October 6, 1995
The following information supplements the information
set forth in the
Prospectus dated December 31, 1994, which is hereby
incorporated in its
entirety.
FINANCIAL HIGHLIGHTS
============================================================
====================
The following schedules of each of the portfolios
within the Smith
Barney/Travelers Series Fund Inc. presented for the six
months ended April 30,
1995 is unaudited. The 1994 financial statements and the
independent auditors'
report thereon appear in the October 31, 1994 Annual Report
to Shareholders.
For a share of each capital stock outstanding throughout the
period:
<TABLE>
<CAPTION>
Smith
Barney Smith Barney
Income
& Growth International Equity
1995 (1)
Portfolio Portfolio
-------- ------
- --------- --------------------
<S> <C>
<C>
Net Asset Value, Beginning of Period $
10.14 $ 10.55
---
- ---- ---------
Income From Investment Operations:
Net investment income
0.10(2) (0.02)
Net realized and unrealized gain on investment
0.74 (0.92)
---
- ---- ---------
Total Income from Investment Operations
0.84 (0.94)
---
- ---- ---------
Less Distributions:
Dividends from net investment income
(0.06) -
---
- ---- ---------
Total Distributions
(0.06) -
---
- ---- ---------
Net Asset Value, End of Period $
10.92 $ 9.61
---
- ---- ---------
Total Return
8.30%++ (8.91)%++
---
- ---- ---------
Net Assets, End of Period (000's)
$14,913 $ 26,369
---
- ---- ---------
Ratios to Average Net Assets:
Expenses
0.75%+(2) 1.10%+
Net investment income
3.26 + (0.65)+
---
- ---- ---------
Portfolio Turnover Rate
9.75% 6.91%
======= =========
</TABLE>
(1) For the six months ended April 30, 1995 (unaudited).
(2) The Manager has waived all or part of its fees for the
period. If such fees
were not waived, the per share decrease in net
investment income and the
ratio of expenses to average net assets would have been
$0.01 and 1.18%
(annualized), respectively.
(+) Annualized.
(++) Total Return is not annualized as it may not be
representative of the total
return for the year.
For a share of each capital stock outstanding throughout the
period:
<TABLE>
<CAPTION>
Smith
Barney Smith Barney
High
Income Money Market
1995 (1)
Portfolio Portfolio
-------- -----
- ------- ------------
<S> <C>
<C>
Net Asset Value, Beginning of Period $
10.07 $ 1.00
---
- ---- ---------
Income From Investment Operations:
Net investment income (2)
0.52 0.03
Net realized and unrealized gain on investments
0.13 -
---
- ---- ---------
Total Income from Investment Operations
0.65 0.03
---
- ---- ---------
Less Distributions:
Dividends from net investment income
(0.22) (0.03)
---
- ---- ---------
Total Distributions
(0.22) (0.03)
---
- ---- ---------
Net Asset Value, End of Period $
10.50 $ 1.00
---
- ---- ---------
Total Return
6.49%++ 2.57%++
---
- ---- ---------
Net Assets, End of Period (000's) $
6,925 $ 13,892
---
- ---- ---------
Ratios to Average Net Assets:
Expenses (2)
0.64%+ 0.68%+
Net investment income
9.99 + 5.16 +
---
- ---- ---------
Portfolio Turnover Rate
13.85% -
======= =========
</TABLE>
(1) For the six months ended April 30, 1995 (unaudited).
(2) The Manager has waived all or part of its fees for the
period and
reimbursed the Smith Barney High Income Portfolio for
$6,416 in expenses.
If such fees were not waived and expenses not
reimbursed, the per share
decrease in net investment income and the ratio of
expenses to average net
assets would have been $0.01 and 1.66% (annualized),
respectively, for the
Smith Barney High Income Portfolio and $0.002 and 0.98%
(annualized),
respectively, for the Smith Barney Money Market
Portfolio.
(+) Annualized.
(++) Total Return is not annualized as it may not be
representative of the total
return for the year.
