EX-99.906CERT

                                  CERTIFICATION

R.  JAY  GERKEN,   Chief  Executive   Officer,   and  ANDREW  B.  SHOUP,   Chief
Administrative  Officer of Liquid  Reserves  Portfolio  (formerly  Cash Reserves
Portfolio) (the "Registrant"),  each certify to the best of his or her knowledge
that:

   1. The  Registrant's  periodic  report  on Form  N-CSR for the  period  ended
February 29, 2004 (the "Form N-CSR") fully  complies  with the  requirements  of
section 15(d) of the Securities Exchange Act of 1934, as amended; and

   2. The  information  contained  in the Form  N-CSR  fairly  presents,  in all
material  respects,  the  financial  condition  and results of operations of the
Registrant.

Chief Executive Officer                     Chief Administrative Officer
Liquid Reserves Portfolio                   Liquid Reserves Portfolio
(formerly Cash Reserves Portfolio)          (formerly Cash Reserves Portfolio)

/s/ R. Jay Gerken                           /s/ Andrew B. Shoup
---------------------------                 --------------------------
R. Jay Gerken                               Andrew B. Shoup
Date: May 5, 2004                           Date: May 5, 2004

This certification is being furnished to the Securities and Exchange  Commission
solely pursuant to 18 U.S.C. ss. 1350 and is not being filed as part of the Form
N-CSR with the Commission.