CONSULTING GROUP CAPITAL MARKETS FUNDS (the "Trust")
Supplement to the Prospectus dated March 18, 1994
The following information updates the disclosure found on page 16 of the
Prospectus under "OBJECTIVES AND POLICIES OF THE PORTFOLIOS - Small
Capitalization Value Equity Investments".
It is currently anticipated that Throsell, Parker Partners Inc. will
manage between 10% and 50% of the Portfolio's current and future assets, and
that NFJ Investment Group Inc. will manage between 50% and 90% of the
Portfolios current and future assets. The Trust's Board of Directors may,
upon the advice of the Consulting Group, reallocate the management of the
Portfolios assets between the investment advisers in its discretion from time
to time.
Dated: September 22, 1994
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