CONSULTING GROUP CAPITAL MARKETS FUNDS
(the "Trust")
SUPPLEMENT TO THE PROSPECTUS DATED JANUARY 1, 1995
The following information updates the disclosure found on page 36 of the
Prospectus of the Trust under "Purchase of Shares:"
Minimum Investment. The minimum initial investment in the Trust, including
Plans, is $10,000 and the minimum investment in any individual Portfolio is
$100. Employees of Smith Barney, accounts of their immediate families and
individual retirement accounts and certain employee pension benefit plans
for those persons will be subject to a $5,000 minimum investment. The
Trust reserves the right at any time to vary the initial and subsequent
investment minimums.
Dated: January 3, 1995
TK0370 A5
CONSULTING GROUP CAPITAL MARKETS FUNDS
(the "Trust")
SUPPLEMENT TO THE PROSPECTUS DATED JANUARY 1, 1995
Small Capitalization Value Equity Investments
On November 15, 1994, NFJ Investment Group ("NFJ") succeeded NFJ
Investment Group, Inc., formerly a wholly-owned subsidiary of Pacific
Financial Asset Management Corporation ("PFAMCo"), as an advisor to Small
Capitalization Value Equity Investments. NFJ became a subsidiary
partnership of PIMCO Advisors L.P. as part of the consolidation of the
investment advisory and other businesses of PFAMCo and certain of its
subsidiaries with Thompson Advisory Group L.P. No changes in advisory fees
or portfolio management have occurred as a result of the consolidation. A
proxy statement describing these matters in greater detail was previously
sent to shareholders. Shareholders have not, as yet, approved the new
investment advisory agreement with NFJ.
Large Capitalization Value Equity Investments
On November 15, 1994, Parametric Portfolio Associates ("Parametric")
succeeded Parametric Portfolio Associates, Inc., formerly a wholly-owned
subsidiary of PFAMCo, as an advisor to Large Capitalization Value Equity
Investments. Parametric became a subsidiary partnership of PIMCO Advisors
L.P. as part of the consolidation of the investment advisory and other
businesses of PFAMCo and certain of its subsidiaries with Thompson Advisory
Group L.P. No changes in advisory fees or portfolio management have
occurred as a result of the consolidation. A proxy statement describing
these matters in greater detail was previously sent to shareholders.
Shareholders have not, as yet, approved the new investment advisory
agreement with Parametric.
Dated: January 4, 1995
TK0369 A5
CONSULTING GROUP CAPITAL MARKETS FUNDS
(the "Trust")
SUPPLEMENT TO PROSPECTUS
DATED JANUARY 1, 1995
Prospective Missouri investors should note that Small Capitalization
Growth Investments and International Equity Investments (the "Portfolios")
may engage in active short-term trading which may involve greater risk and
increase each Portfolio's expenses.
Missouri
Dated: January 3, 1995
TK0371 A5
CONSULTING GROUP CAPTIAL MARKETS FUNDS
(the "Trust")
SUPPLEMENT TO PROSPECTUS
DATED JANUARY 1, 1995
Prospective Wisconsin investors should note the following: (a) each
of the Portfolios offered by the Trust may invest up to 10% of such
Portfolio's total assets in restricted securities. Investments in
restricted securities in excess of 5% of a Portfolio's total assets may be
considered a speculative activity and may involve greater risk and may
increase the Portfolio's expenses; and (b) each of the Portfolios offered
by the Trust may engage in short-term trading although the Portfolios,
other than Small Capitlization Growth Investments and International Equity
Investments, do not intend to seek profits through active short-term
trading. Such investments may be considered speculative and may involve
greater risk and may increase the Portfolio's expenses.
Wisconsin
Dated: January 3, 1995
TK0372 A5
