SMALL CAPITALIZATION VALUE EQUITY INVESTMENTS
SMALL CAPITALIZATION GROWTH INVESTMENTS
each a Portfolio of
CONSULTING GROUP CAPITAL MARKETS FUNDS
Supplement dated April 19, 1995 to the Prospectus
The commencement of management of certain of the assets of Small
Capitalization Value Equity Investments by Wells Fargo Nikko Investments
Advisors ("WFNIA") and Small Capitalization Growth Investments by Mellon
Capital Management ("MCM"), has in each case, been delayed pending the
resolution of certain operational and systems issues. The respective
agreements with WFNIA and MCM were each approved by shareholders on
March 10, 1995, and upon resolution of the issues involved, WFNIA and MCM
will assume management of a portion of each respective portfolio's assets as
otherwise described in the Fund's prospectus. During the interim, the
portfolios will continue to be managed by the current investment adviser.
Upon commencement of investment advisory operations, WFNIA will manage a
portion of the assets of Small Capitalization Value Equity Investments,
WFNIA's compensation shall be a fee that is computed daily and paid monthly
at the annual rate of 0.15% of the first $200 million of the average daily
net assets; 0.10% of the next $100 million of the average daily net assets
and 0.05% on the balance of the net assets above $300 million of the average
daily net assets of the Portfolio, multiplied by a fraction, the numerator of
which is the average daily value of Allocated Assets and the denominator of
which is the average daily value of the Portfolio's total assets.
Upon commencement of investment advisory operations, MCM will manage a
portion of the assets of Small Capitalization Growth Investments, MCM's
compensation shall be a fee that is computed daily and paid monthly at the
annual rate of 0.15% of the first $200 million of the average daily net
assets; 0.10% of the next $100 million of the average daily net assets and
0.05% on the balance of the net assets above $300 million of the average
daily net assets of the Portfolio, multiplied by a fraction, the numerator of
which is the average daily value of Allocated Assets and the denominator of
which is the average daily value of the Portfolio's total assets.
Prospectus dated March 14, 1995
