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TRAVELERS SERIES FUND INC. on behalf of the Smith Barney High Income Portfolio Supplement dated March 27, 1998 to Prospectus dated February 27, 1998 The following information supplements the information in the Prospectus under: "Special Investment Techniques and Risk Considerations - Mortgage-Backed Securities and Other Asset-Backed Securities." The Smith Barney High Income Portfolio may invest up to 5% of its net assets in mortgage-backed and asset-backed securities. FD 01433
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