FILE NO.33-75644
811-8372
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________
FORM N-1A
__________
POST-EFFECTIVE AMENDMENT NO. 2
TO THE
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AND
THE INVESTMENT COMPANY ACT OF 1940
__________
SMITH BARNEY/TRAVELERS SERIES FUND INC.
(Formerly, SBA Variable Products Series Fund
Inc.)
(Exact name of Registrant as specified in the
Charter)
388 Greenwich Street, New York, New York
10013
(Address of principal executive offices)
(212) 816-6474
(Registrant's telephone number)
Christina T. Sydor
388 Greenwich Street, New York, New York 10013
(22nd floor)
(Name and address of agent for service)
__________
Rule 24f-2(a)(1) Declaration:
Registrant previously registered an indefinite number of its shares
pursuant to Rule 24f-2 of the Investment Company Act of 1940.
Registrant has filed its Rule 24f-2 Notice on December 29, 1994 for
its
most recent fiscal year ended October 31, 1994.
It is proposed that this Post-Effective Amendment will become
effective
September 28, 1995, pursuant to paragraph (b) of Rule 485.
Total number of pages: _____
CROSS REFERENCE SHEET
(as required by Rule 495(a))
Part A
of Form N-1A
Prospectus Caption
1. Cover Page . . . . . . . . . . . . . . . . . . . . . . cover
page
2. Synopsis . . . . . . . . . . . . . . . . . . . . . . . not
applicable
3. Condensed Financial Information. . . . . . . . . . . .
"Financial Highlights"
4. General Description of Registrant. . . . . . . . . . .
"Shares of the Fund"
cover
page
"Investment Objectives"
"The
Fund's Investment
Program"
"Special Investment
Techniques and Risk . . . . . . . . . . . . . . . . . . . .
Considerations"
5. Management of the Fund . . . . . . . . . . . . . . . .
"Management"
5A. Management Discussion of Fund
Performance. . . . . . . . . . . . . . . . . . . . . . not
applicable
6. Capital Stock and Other Securities . . . . . . . . . .
"Shares of the Fund"
"Redemption of Shares"
cover
page
"Dividends, Distributions
and Taxes"
7. Purchase of Securities Being Offered . . . . . . . . . cover
page
"Management"
"Determination of Net
Asset Value"
"The
Fund's Investment
Program"
8. Redemption or Repurchase . . . . . . . . . . . . . . .
"Redemption of
Shares"
9. Pending Legal Proceedings. . . . . . . . . . . . . . . not
applicable
Part B
Statement of Additional
of Form N-1A
Information Caption
10. Cover Page . . . . . . . . . . . . . . . . . . . . . . cover
page
11. Table of Contents. . . . . . . . . . . . . . . . . . .
"Table of Contents"
12. General Information and History. . . . . . . . . . . . "The
Fund"
13. Investment Objectives and Policies . . . . . . . . . .
"Investment Policies"
"Investment Restrictions"
14. Management of the Fund . . . . . . . . . . . . . . . .
"Directors and Officers"
Part B of
Statement of Additional
Form N-1A
Information Caption
15. Control Persons and Principal
Holders of Securities. . . . . . . . . . . . . . . . . See
Prospectus - "Shares
of the Fund"
"Voting Rights"
"Directors and Officers"
16. Investment Advisory and Other Services . . . . . . . . See
Prospectus -
"Management"
Directors and Officers"
"Management
Agreements"
"Custodians"
"Independent Auditors"
17. Brokerage Allocation and Other
Practices. . . . . . . . . . . . . . . . . . . . . . . See
Prospectus -
"Management"
18. Capital Stock and Other Securities . . . . . . . . . . See
Prospectus -
"Shares of the Fund"
See
Prospectus -
"Dividends,
Distributions and
Taxes"
"Investment Policies"
"Voting Rights"
19. Purchase, Redemption and Pricing of
Securities Being Offered . . . . . . . . . . . . . . . See
Prospectus - "The
Fund's
Investment Program"
See
Prospectus -
"Determination
of
Net Asset Value"
"Determination of Net
Asset
Value"
"Redemption of
Shares"
"Financial Statements"
20. Tax Status . . . . . . . . . . . . . . . . . . . . . . See
Prospectus -
"Dividends,
Distributions and
Taxes"
21. Underwriters . . . . . . . . . . . . . . . . . . . . . See
Prospectus -
"Management"
22. Calculation of Performance Data. . . . . . . . . . . . See
Prospectus -
"Performance"
"Performance
Information"
23. Financial Statements . . . . . . . . . . . . . . . . .
"Financial Statements"
Part C of
Form N-1A
Information required to be included in Part C is set forth under
the
appropriate item, so numbered in Part C of this Registration
Statement.
Part A to Post-Effective Amendment no. 1, which was filed with the
Securities and Exchange Commission on behalf of the Registrant on
June
30, 1995 is hereby incorporated by reference in its entirety.
Part B and Part C to Post-Effective Amendment No. 1, which were
filed
with the Securities and Exchange Commission on behalf of the
Registrant
on June 30, 1995 are hereby incorporated by reference in their
entirety.
<PAGE>
SMITH BARNEY/TRAVELERS SERIES FUND INC.
Supplement dated September 28, 1995
The following information supplements the information set
forth in the
Prospectus dated September 13, 1995, which is hereby
incorporated in its entirety.
- -----------------------------------------------------------------
- ---------------
<PAGE>
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. No
information is presented with respect to the AIM Capital
Appreciation Portfolio
because it did not commence operations until September 1995.
For a share of each capital stock outstanding throughout the
period:
<TABLE>
<CAPTION>
Smith Barney Alliance
Income & Growth Growth
1995 (1)
Portfolio Portfolio
- -----------------------------------------------------------------
- ---------------------------------------
<S>
<C> <C>
Net Asset Value, Beginning of Period
$10.14 $10.65
- -----------------------------------------------------------------
- ---------------------------------------
Income From Investment Operations:
Net investment income (2)
0.10 0.06
Net realized and unrealized gain on investment
0.74 0.75
- -----------------------------------------------------------------
- ---------------------------------------
Total Income from Investment Operations
0.84 0.81
- -----------------------------------------------------------------
- ---------------------------------------
Less Distributions:
Dividends from net investment income
(0.06) (0.12)
- -----------------------------------------------------------------
- ---------------------------------------
Total Distributions
(0.06) (0.12)
- -----------------------------------------------------------------
- ---------------------------------------
Net Asset Value, End of Period
$10.92 $11.34
- -----------------------------------------------------------------
- ---------------------------------------
Total Return
8.30%++ 7.75%++
- -----------------------------------------------------------------
- ---------------------------------------
Net Assets, End of Period (000's)
$14,913 $44,465
- -----------------------------------------------------------------
- ---------------------------------------
Ratios to Average Net Assets:
Expenses (2)
0.75%+ 0.89%+
Net investment income
3.26 + 1.41 +
- -----------------------------------------------------------------
- ---------------------------------------
Portfolio Turnover Rate
9.75% 42.95%
=================================================================
=======================================
</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, for the Smith Barney Income and
Growth
Portfolio and $0.01 and 1.00% (annualized), respectively, for
the Alliance
Growth Portfolio.
(+) 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>
American Smith Barney
Capital
Enterprise International Equity
1995 (1)
Portfolio Portfolio
- -----------------------------------------------------------------
- ---------------------------------------
<S> <C>
<C>
Net Asset Value, Beginning of Period
$10.38 $10.55
- -----------------------------------------------------------------
- ---------------------------------------
Income From Investment Operations:
Net investment income
0.03(2) (0.02)
Net realized and unrealized gain on investment
0.75 (0.92)
- -----------------------------------------------------------------
- ---------------------------------------
Total Income from Investment Operations
0.78 (0.94)
- -----------------------------------------------------------------
- ---------------------------------------
Less Distributions:
Dividends from net investment income
(0.02) --
- -----------------------------------------------------------------
- ---------------------------------------
Total Distributions
(0.03) --
- -----------------------------------------------------------------
- ---------------------------------------
Net Asset Value, End of Period
$11.11 $9.61
- -----------------------------------------------------------------
- ---------------------------------------
Total Return
7.52%++ (8.91)%++
- -----------------------------------------------------------------
- ---------------------------------------
Net Assets, End of Period (000's)
$10,168(2) $26,369
- -----------------------------------------------------------------
- ---------------------------------------
Ratios to Average Net Assets:
Expenses
0.88%+ 1.10%+
Net investment income
0.75+ (0.65) +
- -----------------------------------------------------------------
- ---------------------------------------
Portfolio Turnover Rate
65.94% 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
$0.005 and
1.35% (annualized), respectively.
(+) Annualized.
(++) Total Return is not annualized as it may not be representative
of the total
return for the year.
- -----------------------------------------------------------------
- ---------------
1
<PAGE>
For a share of each capital stock outstanding throughout the
period:
<TABLE>
<CAPTION>
Smith Barney TBC
Pacific Basin Managed Income
1995 (1)
Portfolio Portfolio
- -----------------------------------------------------------------
- ------------------------------------------
<S>
<C> <C>
Net Asset Value, Beginning of Period
$10.10 $10.04
- -----------------------------------------------------------------
- ------------------------------------------
Income From Investment Operations:
Net investment income (loss) (2)
(0.03) 0.38
Net realized and unrealized gain (loss) on investments
(1.31) 0.12
- -----------------------------------------------------------------
- ------------------------------------------
Total Income (loss) from Investment Operations
(1.34) 0.50
- -----------------------------------------------------------------
- ------------------------------------------
Less Distributions:
Dividends from net investment income
-- (0.13)
- -----------------------------------------------------------------
- ------------------------------------------
Total Distributions
-- (0.14)
- -----------------------------------------------------------------
- ------------------------------------------
Net Asset Value, End of Period
$8.76 $10.40
- -----------------------------------------------------------------
- ------------------------------------------
Total Return
(13.27)%++ 4.91%++
- -----------------------------------------------------------------
- ------------------------------------------
Net Assets, End of Period (000's)
$4,924 $7,537
- -----------------------------------------------------------------
- ------------------------------------------
Ratios to Average Net Assets:
Expenses (2)
1.30%+ 0.87%+
Net investment income
(0.63) + 6.24 +
- -----------------------------------------------------------------
- ------------------------------------------
Portfolio Turnover Rate
7.19% 72.98%
=================================================================
==========================================
</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 TBC Managed Income Portfolio for $1,792 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 1.75% (annualized), respectively, for the
Smith Barney
Pacific Basin Portfolio and $0.01 and 1.58% (annualized),
respectively, for
the TBC Managed Income Portfolio.
(+) 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>
Putnam G.T. Global
Diversified Income Strategic Income
1995 (1)
Portfolio Portfolio
- -----------------------------------------------------------------
- -----------------------------------------------
<S>
<C> <C>
Net Asset Value, Beginning of Period
$10.18 $9.95
- -----------------------------------------------------------------
- -----------------------------------------------
Income From Investment Operations:
Net investment income (2)
0.39 0.25
Net realized and unrealized gain (loss) on investments
0.21 (0.13)
- -----------------------------------------------------------------
- -----------------------------------------------
Total Income from Investment Operations
0.60 0.12
- -----------------------------------------------------------------
- -----------------------------------------------
Less Distributions:
Dividends from net investment income
(0.09) (0.10)
- -----------------------------------------------------------------
- -----------------------------------------------
Total Distributions
(0.09) (0.10)
- -----------------------------------------------------------------
- -----------------------------------------------
Net Asset Value, End of Period
$10.69 $9.97
- -----------------------------------------------------------------
- -----------------------------------------------
Total Return
5.92%++ 1.24%++
- -----------------------------------------------------------------
- -----------------------------------------------
Net Assets, End of Period (000's)
$14,891 $4,641
- -----------------------------------------------------------------
- -----------------------------------------------
Ratios to Average Net Assets:
Expenses (2)
0.95%+ 1.10%+
Net investment income
7.78 + 7.02 +
- -----------------------------------------------------------------
- -----------------------------------------------
Portfolio Turnover Rate
99.92% 130.06%
=================================================================
===============================================
</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
$0.003 and
1.31% (annualized), respectively, for the Putnam Diversified
Income
Portfolio and $0.03 and 1.85% (annualized), respectively, for
the G.T.
Global Strategic Income Portfolio.
(+) Annualized.
(++) Total Return is not annualized as it may not be representative
of the total
return for the year.
- -----------------------------------------------------------------
- ---------------
2
<PAGE>
For a share of each capital stock outstanding throughout the
period:
<TABLE>
<CAPTION>
Smith Barney MFS Total
High Income Return
1995 (1)
Portfolio Portfolio
- -----------------------------------------------------------------
- -----------------------------------------------------
<S>
<C> <C>
Net Asset Value, Beginning of Period
$10.07 $9.98
- -----------------------------------------------------------------
- -----------------------------------------------------
Income From Investment Operations:
Net investment income (2)
0.52 0.14
Net realized and unrealized gain on investments
0.13 0.49
- -----------------------------------------------------------------
- -----------------------------------------------------
Total Income from Investment Operations
0.65 0.63
- -----------------------------------------------------------------
- -----------------------------------------------------
Less Distributions:
Dividends from net investment income
(0.22) (0.05)
- -----------------------------------------------------------------
- -----------------------------------------------------
Total Distributions
(0.22) (0.05)
- -----------------------------------------------------------------
- -----------------------------------------------------
Net Asset Value, End of Period
$10.50 $10.56
- -----------------------------------------------------------------
- -----------------------------------------------------
Total Return
6.49%++ 6.35%++
- -----------------------------------------------------------------
- -----------------------------------------------------
Net Assets, End of Period (000's)
$6,925 $20,431
- -----------------------------------------------------------------
- -----------------------------------------------------
Ratios to Average Net Assets:
Expenses (2)
0.64%+ 0.95%+
Net investment income
9.99 + 4.62 +
- -----------------------------------------------------------------
- -----------------------------------------------------
Portfolio Turnover Rate
13.85% 76.48%
=================================================================
=====================================================
</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 $0.01 and 1.19%
(annualized),
respectively, for the MFS Total Return Portfolio.
(+) 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
Money Market
1995 (1)
Portfolio
- -----------------------------------------------------------------
- -----------------------------
<S>
<C>
Net Asset Value, Beginning of Period
$ 1.00
- -----------------------------------------------------------------
- -----------------------------
Income From Investment Operations:
Net investment income (2)
0.03
Net realized and unrealized gain on investments
--
- -----------------------------------------------------------------
- -----------------------------
Total Income from Investment Operations
0.03
- -----------------------------------------------------------------
- -----------------------------
Less Distributions:
Dividends from net investment income
(0.03)
- -----------------------------------------------------------------
- -----------------------------
Total Distributions
(0.03)
- -----------------------------------------------------------------
- -----------------------------
Net Asset Value, End of Period
$1.00
- -----------------------------------------------------------------
- -----------------------------
Total Return
2.57%++
- -----------------------------------------------------------------
- -----------------------------
Net Assets, End of Period (000's)
$13,892
- -----------------------------------------------------------------
- -----------------------------
Ratios to Average Net Assets:
Expenses (2)
0.68%+
Net investment income
5.16 +
- -----------------------------------------------------------------
- -----------------------------
Portfolio Turnover Rate
--
=================================================================
=============================
</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
$0.002 and
0.98% (annualized), respectively.
(+) Annualized.
(++) Total Return is not annualized as it may not be representative
of the total
return for the year.
- -----------------------------------------------------------------
- ---------------
3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and
the
Investment Company Act of 1940, the Registrant certifies that it
meets
all of the requirements for effectiveness of this Post-Effective
Amendment to the Registration Statement pursuant to Rule 485 (b)
under
the Securities Act of 1933 and has duly caused this Post-Effective
Amendment to its Registration Statement to be signed on its behalf
by the
undersigned and where applicable, the true and lawful
attorney-in-fact,
thereto duly authorized, in the City of New York, and State of New
York on the 27th day of September, 1995.
SMITH
BARNEY/TRAVELERS
SERIES FUND INC.
By /s/Heath B.
McLendon
(Heath B.
McLendon, Chairman
of the
Board and
Chief Executive
Officer)
Pursuant to the requirements of the Securities Act of 1933,
this Post-
Effective Amendment to the Registration Statement has been signed
below by the following persons in the capacities and on the date
indicated.
Signature Title
Date
/s/Jessica Bibliowicz President
September 27, 1995
(Jessica Bibliowicz)
/s/Heath B. McLendon
September 27, 1995
(Heath B. McLendon) (Chief Executive
Officer)
Victor K. Atkins* Director
September 27, 1995
(Victor K. Atkins)
Robert A. Belfer* Director
September 27, 1995
(Robert A. Belfer)
Alger B. Chapman* Director
September 27, 1995
(Alger B. Chapman)
Robert A. Frankel* Director
September 27, 1995
(Robert A. Frankel)
Rainer Greeven* Director
September 27, 1995
(Rainer Greeven)
Signature Title
Date
Susan M. Heilbron* Director
September 27, 1995
(Susan M. Heilbron)
/s/Lewis E. Daidone Treasurer
September 27, 1995
(Lewis E. Daidone) (Principal Financial
and Accounting
Officer)
*By:/s/Lewis E. Daidone
September 27, 1995
Lewis E. Daidone
Pursuant to Power of Attorney
