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<PAGE> PAGE 12
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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<PAGE> PAGE 58
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<PAGE> PAGE 59
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<PAGE> PAGE 60
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072 H001100 0
072 I001100 1127
072 J001100 773
072 K001100 0
072 L001100 47
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072 N001100 120
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 20
072 S001100 5
072 T001100 0
072 U001100 16
072 V001100 0
072 W001100 152
072 X001100 9642
072 Y001100 0
072 Z001100 6970
072AA001100 14501
072BB001100 0
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073 A011100 0.1244
<PAGE> PAGE 61
073 A021100 0.0000
073 B001100 0.7020
073 C001100 0.0000
074 A001100 200
074 B001100 73650
074 C001100 0
074 D001100 0
074 E001100 1996
074 F001100 1040660
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074 K001100 3313
074 L001100 10035
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074 N001100 1167282
074 O001100 26020
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074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 4028
074 S001100 0
074 T001100 1136444
074 U011100 106877
074 U021100 0
074 V011100 10.63
074 V021100 0.00
074 W001100 0.0000
074 X001100 0
074 Y001100 0
075 A001100 0
075 B001100 995240
076 001100 0.00
008 A001201 JULIUS BAER INVESTMENT MANAGEMENT INC.
008 B001201 A
008 C001201 801-000000
008 D011201 NEW YORK
008 D021201 NY
008 D031201 10017
010 A001201 SMITH BARNEY MUTUAL FUNDS MANAGEMENT INC.
010 B001201 801-14437
010 C011201 NEW YORK
010 C021201 NY
010 C031201 10013
011 A001201 SMITH BARNEY
011 B001201 8-81777
011 C011201 NEW YORK
011 C021201 NY
<PAGE> PAGE 62
011 C031201 10013
012 A001201 FIRST DATA INVESTORS SERVICES GROUP, INC.
012 B001201 84-0000000
012 C011201 BOSTON
012 C021201 MA
012 C031201 02109
012 C021204 +
013 A001201 KPMG PEAT MARWICK LLP
013 B011201 NEW YORK
013 B021201 NY
013 B031201 10154
015 A001201 THE CHASE MANHATTAN BANK
015 B001201 C
015 C011201 BROOKLYN
015 C021201 NY
015 C031201 11245
015 E011201 X
018 001200 Y
019 A001200 Y
019 B001200 127
019 C001200 BARNEY0000
024 001200 N
028 A011200 2550
028 A021200 1150
028 A031200 0
028 A041200 2956
028 B011200 5859
028 B021200 583
028 B031200 0
028 B041200 4642
028 C011200 2578
028 C021200 0
028 C031200 0
028 C041200 3792
028 D011200 2627
028 D021200 1160
028 D031200 0
028 D041200 2793
028 E011200 2518
028 E021200 585
028 E031200 0
028 E041200 2357
028 F011200 3710
028 F021200 587
028 F031200 0
028 F041200 3866
028 G011200 19842
028 G021200 4065
028 G031200 0
028 G041200 20406
028 H001200 0
<PAGE> PAGE 63
029 001200 N
030 A001200 0
030 B001200 0.00
030 C001200 0.00
031 A001200 0
031 B001200 0
032 001200 0
033 001200 0
034 001200 N
035 001200 0
036 B001200 0
037 001200 N
038 001200 0
039 001200 Y
040 001200 N
042 A001200 0
042 B001200 0
042 C001200 0
042 D001200 0
042 E001200 0
042 F001200 0
042 G001200 0
042 H001200 0
043 001200 0
044 001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.500
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
<PAGE> PAGE 64
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 N
055 A001200 N
055 B001200 N
056 001200 N
057 001200 N
058 A001200 N
059 001200 N
061 001200 0
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 0.8
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 0.0
062 Q001200 99.2
062 R001200 0.0
063 A001200 0
063 B001200 6.9
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 Y
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 Y
070 F021200 N
<PAGE> PAGE 65
070 G011200 Y
070 G021200 N
070 H011200 Y
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 N
070 K021200 N
070 L011200 Y
070 L021200 Y
070 M011200 Y
070 M021200 Y
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 N
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 N
070 R021200 N
071 A001200 310139
071 B001200 301370
071 C001200 109807
071 D001200 211
072 A001200 12
072 B001200 8782
072 C001200 0
072 D001200 0
072 E001200 0
072 F001200 898
072 G001200 0
072 H001200 0
072 I001200 227
072 J001200 29
072 K001200 0
072 L001200 9
072 M001200 5
072 N001200 43
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 19
072 S001200 7
072 T001200 0
072 U001200 3
072 V001200 0
072 W001200 4
<PAGE> PAGE 66
072 X001200 1244
072 Y001200 0
072 Z001200 7538
072AA001200 0
072BB001200 1276
072CC011200 0
072CC021200 8280
072DD011200 9407
072DD021200 0
072EE001200 0
073 A011200 0.0000
073 A021200 0.0000
073 B001200 0.0000
073 C001200 0.0000
074 A001200 105
074 B001200 920
074 C001200 0
074 D001200 120037
074 E001200 0
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 180
074 K001200 0
074 L001200 5454
074 M001200 3020
074 N001200 129716
074 O001200 3166
074 P001200 224
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 716
074 S001200 0
074 T001200 125610
074 U011200 15299
074 U021200 0
074 V011200 8.21
074 V021200 0.00
074 W001200 0.0000
074 X001200 0
074 Y001200 0
075 A001200 0
075 B001200 120506
076 001200 0.00
008 A001301 JOHN GOVETT & CO. LIMITED
008 B001301 A
008 C001301 801-000000
008 D011301 SAN FRANCISCO
<PAGE> PAGE 67
008 D021301 CA
008 D031301 94104
010 A001301 SMITH BARNEY MUTUAL FUNDS MANAGEMENT INC.
010 B001301 801-14437
010 C011301 NEW YORK
010 C021301 NY
010 C031301 10013
011 A001301 SMITH BARNEY
011 B001301 8-81777
011 C011301 NEW YORK
011 C021301 NY
011 C031301 10013
012 A001301 FIRST DATA INVESTORS SERVICES GROUP, INC.
012 B001301 84-0000000
012 C011301 BOSTON
012 C021301 MA
012 C031301 02109
013 A001301 KPMG PEAT MARWICK LLP
013 B011301 NEW YORK
013 B021301 NY
013 B031301 10154
015 A001301 THE CHASE MANHATTAN BANK
015 B001301 C
015 C011301 BROOKLYN
015 C021301 NY
015 C031301 11245
015 E011301 X
018 001300 Y
019 A001300 Y
019 B001300 127
019 C001300 BARNEY0000
024 001300 N
028 A011300 14323
028 A021300 0
028 A031300 0
028 A041300 10515
028 B011300 24189
028 B021300 0
028 B031300 0
028 B041300 18735
028 C011300 18274
028 C021300 0
028 C031300 0
028 C041300 15024
028 D011300 15440
028 D021300 0
028 D031300 0
028 D041300 11068
028 E011300 24316
028 E021300 0
028 E031300 0
<PAGE> PAGE 68
028 E041300 19336
028 F011300 16632
028 F021300 0
028 F031300 0
028 F041300 12066
028 G011300 113174
028 G021300 0
028 G031300 0
028 G041300 86744
028 H001300 0
029 001300 N
030 A001300 0
030 B001300 0.00
030 C001300 0.00
031 A001300 0
031 B001300 0
032 001300 0
033 001300 0
034 001300 N
035 001300 0
036 B001300 0
037 001300 N
038 001300 0
039 001300 Y
040 001300 N
042 A001300 0
042 B001300 0
042 C001300 0
042 D001300 0
042 E001300 0
042 F001300 0
042 G001300 0
042 H001300 0
043 001300 0
044 001300 0
045 001300 Y
046 001300 N
047 001300 Y
048 001300 0.900
048 A011300 0
048 A021300 0.000
048 B011300 0
048 B021300 0.000
048 C011300 0
048 C021300 0.000
048 D011300 0
048 D021300 0.000
048 E011300 0
048 E021300 0.000
048 F011300 0
048 F021300 0.000
<PAGE> PAGE 69
048 G011300 0
048 G021300 0.000
048 H011300 0
048 H021300 0.000
048 I011300 0
048 I021300 0.000
048 J011300 0
048 J021300 0.000
048 K011300 0
048 K021300 0.000
049 001300 N
050 001300 N
051 001300 N
052 001300 N
053 A001300 N
055 A001300 N
055 B001300 N
056 001300 N
057 001300 N
058 A001300 N
059 001300 N
061 001300 0
062 A001300 N
062 B001300 0.0
062 C001300 0.0
062 D001300 0.0
062 E001300 0.0
062 F001300 0.0
062 G001300 0.0
062 H001300 0.0
062 I001300 0.0
062 J001300 0.0
062 K001300 0.0
062 L001300 0.0
062 M001300 0.0
062 N001300 0.0
062 O001300 0.0
062 P001300 0.0
062 Q001300 0.0
062 R001300 0.0
063 A001300 0
063 B001300 0.0
066 A001300 Y
066 C001300 Y
067 001300 N
068 A001300 N
068 B001300 Y
069 001300 N
070 A011300 Y
070 A021300 Y
070 B011300 Y
<PAGE> PAGE 70
070 B021300 N
070 C011300 Y
070 C021300 N
070 D011300 Y
070 D021300 N
070 E011300 Y
070 E021300 N
070 F011300 Y
070 F021300 N
070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
070 J011300 Y
070 J021300 Y
070 K011300 Y
070 K021300 Y
070 L011300 Y
070 L021300 Y
070 M011300 Y
070 M021300 Y
070 N011300 Y
070 N021300 N
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
071 A001300 287207
071 B001300 179195
071 C001300 171149
071 D001300 105
072 A001300 12
072 B001300 774
072 C001300 3187
072 D001300 0
072 E001300 0
072 F001300 1691
072 G001300 376
072 H001300 0
072 I001300 532
072 J001300 313
072 K001300 0
072 L001300 0
072 M001300 6
072 N001300 50
<PAGE> PAGE 71
072 O001300 210
072 P001300 0
072 Q001300 0
072 R001300 16
072 S001300 8
072 T001300 0
072 U001300 7
072 V001300 9
072 W001300 14
072 X001300 3232
072 Y001300 0
072 Z001300 729
072AA001300 15314
072BB001300 0
072CC011300 1919
072CC021300 0
072DD011300 237
072DD021300 0
072EE001300 0
073 A011300 0.0121
073 A021300 0.0000
073 B001300 0.0000
073 C001300 0.0000
074 A001300 7427
074 B001300 8664
074 C001300 0
074 D001300 0
074 E001300 0
074 F001300 211192
074 G001300 0
074 H001300 0
074 I001300 0
074 J001300 3071
074 K001300 0
074 L001300 1381
074 M001300 11
074 N001300 231746
074 O001300 4832
074 P001300 231
074 Q001300 0
074 R011300 0
074 R021300 0
074 R031300 0
074 R041300 403
074 S001300 0
074 T001300 226280
074 U011300 24302
074 U021300 0
074 V011300 9.31
074 V021300 0.00
074 W001300 0.0000
<PAGE> PAGE 72
074 X001300 0
074 Y001300 0
075 A001300 0
075 B001300 171149
076 001300 0.00
SIGNATURE THOMAS M. REYNOLDS
TITLE CONTROLLER
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 1
[NAME] GOVERNMENT MONEY MARKET
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 387,546,793
[INVESTMENTS-AT-VALUE] 387,546,793
[RECEIVABLES] 1,298,137
[ASSETS-OTHER] 5,161
[OTHER-ITEMS-ASSETS] 1,412,916
[TOTAL-ASSETS] 390,263,007
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 1,549,576
[TOTAL-LIABILITIES] 1,549,576
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 387,322,870
[SHARES-COMMON-STOCK] 387,322,870
[SHARES-COMMON-PRIOR] 267,304,048
[ACCUMULATED-NII-CURRENT] 14,541
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (38,896)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 0
[NET-ASSETS] 388,713,431
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 18,104,685
[OTHER-INCOME] 0
[EXPENSES-NET] 1,971,664
[NET-INVESTMENT-INCOME] 16,133,021
[REALIZED-GAINS-CURRENT] 17,149
[APPREC-INCREASE-CURRENT] 0
[NET-CHANGE-FROM-OPS] 16,150,170
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 16,124,859
[DISTRIBUTIONS-OF-GAINS] 17,149
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 849,412,997
[NUMBER-OF-SHARES-REDEEMED] 754,144,058
[SHARES-REINVESTED] 15,257,421
[NET-CHANGE-IN-ASSETS] 110,551,671
[ACCUMULATED-NII-PRIOR] 6,379
[ACCUMULATED-GAINS-PRIOR] (54,045)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 490,756
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,096,367
[AVERAGE-NET-ASSETS] 328,610,705
[PER-SHARE-NAV-BEGIN] 1.00
[PER-SHARE-NII] 0.05
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.05
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 1.00
[EXPENSE-RATIO] 0.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 2
[NAME] INTERMEDIATE FIXED INCOME
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 380,360,116
[INVESTMENTS-AT-VALUE] 382,168,612
[RECEIVABLES] 6,206,649
[ASSETS-OTHER] 595
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 388,375,856
[PAYABLE-FOR-SECURITIES] 3,476,648
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 804,948
[TOTAL-LIABILITIES] 4,281,596
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 390,389,266
[SHARES-COMMON-STOCK] 47,640,950
[SHARES-COMMON-PRIOR] 37,386,377
[ACCUMULATED-NII-CURRENT] 394,501
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 8,498,003
[ACCUM-APPREC-OR-DEPREC] 1,808,496
[NET-ASSETS] 384,094,260
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 22,957,355
[OTHER-INCOME] 0
[EXPENSES-NET] 2,422,669
[NET-INVESTMENT-INCOME] 20,534,686
[REALIZED-GAINS-CURRENT] (1,169,275)
[APPREC-INCREASE-CURRENT] 7,249,156
[NET-CHANGE-FROM-OPS] 26,614,567
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 20,477,022
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 22,229,780
[NUMBER-OF-SHARES-REDEEMED] 14,456,187
[SHARES-REINVESTED] 2,480,980
[NET-CHANGE-IN-ASSETS] 88,041,506
[ACCUMULATED-NII-PRIOR] 336,837
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] (7,328,728)
[GROSS-ADVISORY-FEES] 1,325,387
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 2,422,669
[AVERAGE-NET-ASSETS] 331,870,337
[PER-SHARE-NAV-BEGIN] 7.92
[PER-SHARE-NII] 0.50
[PER-SHARE-GAIN-APPREC] 0.14
[PER-SHARE-DIVIDEND] 0.50
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.06
[EXPENSE-RATIO] 0.73
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 3
[NAME] LONG TERM BOND
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 177,205,844
[INVESTMENTS-AT-VALUE] 180,303,776
[RECEIVABLES] 6,506,427
[ASSETS-OTHER] 630
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 186,810,833
[PAYABLE-FOR-SECURITIES] 3,363,156
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 396,338
[TOTAL-LIABILITIES] 3,759,494
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 180,971,915
[SHARES-COMMON-STOCK] 22,168,211
[SHARES-COMMON-PRIOR] 19,700,187
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 134,028
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 884,481
[ACCUM-APPREC-OR-DEPREC] 3,097,932
[NET-ASSETS] 183,051,338
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 12,336,611
[OTHER-INCOME] 0
[EXPENSES-NET] 1,306,973
[NET-INVESTMENT-INCOME] 11,029,638
[REALIZED-GAINS-CURRENT] 856,804
[APPREC-INCREASE-CURRENT] 8,391,452
[NET-CHANGE-FROM-OPS] 20,277,894
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 12,361,043
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 7,921,913
[NUMBER-OF-SHARES-REDEEMED] 7,025,278
[SHARES-REINVESTED] 1,461,383
[NET-CHANGE-IN-ASSETS] 27,141,768
[ACCUMULATED-NII-PRIOR] 1,197,377
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 1,741,285
[GROSS-ADVISORY-FEES] 672,437
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,306,973
[AVERAGE-NET-ASSETS] 168,644,071
[PER-SHARE-NAV-BEGIN] 7.87
[PER-SHARE-NII] 0.53
[PER-SHARE-GAIN-APPREC] 0.46
[PER-SHARE-DIVIDEND] 0.60
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.26
[EXPENSE-RATIO] 0.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 4
[NAME] MUNICIPAL BOND
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 50,281,995
[INVESTMENTS-AT-VALUE] 51,460,813
[RECEIVABLES] 738,076
[ASSETS-OTHER] 65,129
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 52,264,018
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 240,174
[TOTAL-LIABILITIES] 240,174
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 52,693,705
[SHARES-COMMON-STOCK] 6,033,727
[SHARES-COMMON-PRIOR] 5,627,070
[ACCUMULATED-NII-CURRENT] 106,548
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (1,955,227)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,178,818
[NET-ASSETS] 52,023,844
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 2,527,709
[OTHER-INCOME] 0
[EXPENSES-NET] 381,410
[NET-INVESTMENT-INCOME] 2,146,299
[REALIZED-GAINS-CURRENT] (46,971)
[APPREC-INCREASE-CURRENT] 2,039,916
[NET-CHANGE-FROM-OPS] 4,139,244
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,026,872
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3,511,017
[NUMBER-OF-SHARES-REDEEMED] 3,327,179
[SHARES-REINVESTED] 222,819
[NET-CHANGE-IN-ASSETS] 5,538,998
[ACCUMULATED-NII-PRIOR] 12,879
[ACCUMULATED-GAINS-PRIOR] (1,908,256)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 286,058
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 393,740
[AVERAGE-NET-ASSETS] 47,691,464
[PER-SHARE-NAV-BEGIN] 8.26
[PER-SHARE-NII] 0.38
[PER-SHARE-GAIN-APPREC] 0.34
[PER-SHARE-DIVIDEND] 0.36
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.62
[EXPENSE-RATIO] 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 5
[NAME] MORTGAGE BACK
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 175,097,985
[INVESTMENTS-AT-VALUE] 174,967,767
[RECEIVABLES] 1,211,816
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 784
[TOTAL-ASSETS] 176,180,367
[PAYABLE-FOR-SECURITIES] 39,130,781
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 463,480
[TOTAL-LIABILITIES] 39,594,261
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 137,038,310
[SHARES-COMMON-STOCK] 17,150,121
[SHARES-COMMON-PRIOR] 15,617,018
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 27,006
[ACCUMULATED-NET-GAINS] 0
[OVERDISTRIBUTION-GAINS] 294,980
[ACCUM-APPREC-OR-DEPREC] (130,218)
[NET-ASSETS] 136,586,106
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 8,835,599
[OTHER-INCOME] 0
[EXPENSES-NET] 1,024,815
[NET-INVESTMENT-INCOME] 7,810,784
[REALIZED-GAINS-CURRENT] 797,680
[APPREC-INCREASE-CURRENT] 3,179,907
[NET-CHANGE-FROM-OPS] 11,787,907
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 8,289,597
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,117,755
[NUMBER-OF-SHARES-REDEEMED] 4,592,708
[SHARES-REINVESTED] 1,008,056
[NET-CHANGE-IN-ASSETS] 15,640,770
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 0
[OVERDISTRIB-NII-PRIOR] 28,072
[OVERDIST-NET-GAINS-PRIOR] 1,092,660
[GROSS-ADVISORY-FEES] 642,610
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,197,777
[AVERAGE-NET-ASSETS] 128,399,656
[PER-SHARE-NAV-BEGIN] 7.74
[PER-SHARE-NII] 0.48
[PER-SHARE-GAIN-APPREC] 0.25
[PER-SHARE-DIVIDEND] 0.51
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 7.96
[EXPENSE-RATIO] 0.80
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 6
[NAME] BALANCED INVESTMENTS
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 77,321,897
[INVESTMENTS-AT-VALUE] 88,176,595
[RECEIVABLES] 1,830,964
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 9,471
[TOTAL-ASSETS] 90,017,030
[PAYABLE-FOR-SECURITIES] 164,354
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 63,460
[TOTAL-LIABILITIES] 227,814
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 73,591,649
[SHARES-COMMON-STOCK] 7,476,865
[SHARES-COMMON-PRIOR] 5,028,511
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 160,187
[ACCUMULATED-NET-GAINS] 5,182,682
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 10,854,698
[NET-ASSETS] 89,789,216
[DIVIDEND-INCOME] 1,144,658
[INTEREST-INCOME] 1,188,182
[OTHER-INCOME] 0
[EXPENSES-NET] 663,795
[NET-INVESTMENT-INCOME] 1,666,045
[REALIZED-GAINS-CURRENT] 5,264,500
[APPREC-INCREASE-CURRENT] 7,589,528
[NET-CHANGE-FROM-OPS] 12,854,028
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 1,615,876
[DISTRIBUTIONS-OF-GAINS] 1,389,750
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 5,179,672
[NUMBER-OF-SHARES-REDEEMED] 3,006,395
[SHARES-REINVESTED] 275,077
[NET-CHANGE-IN-ASSETS] 39,508,429
[ACCUMULATED-NII-PRIOR] 110,018
[ACCUMULATED-GAINS-PRIOR] 1,307,932
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 400,541
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 678,817
[AVERAGE-NET-ASSETS] 66,865
[PER-SHARE-NAV-BEGIN] 10.00
[PER-SHARE-NII] 00.27
[PER-SHARE-GAIN-APPREC] 02.27
[PER-SHARE-DIVIDEND] 00.27
[PER-SHARE-DISTRIBUTIONS] 00.26
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 12.01
[EXPENSE-RATIO] 01.00
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 7
[NAME] LARGE CAP VALUE
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 1,459,535,955
[INVESTMENTS-AT-VALUE] 1,943,433,195
[RECEIVABLES] 10,450,974
[ASSETS-OTHER] 71
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 1,953,884,240
[PAYABLE-FOR-SECURITIES] 16,404,073
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 2,732,820
[TOTAL-LIABILITIES] 19,136,893
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,223,326,194
[SHARES-COMMON-STOCK] 129,744,143
[SHARES-COMMON-PRIOR] 130,926,138
[ACCUMULATED-NII-CURRENT] 7,370,609
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 220,153,304
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 483,897,240
[NET-ASSETS] 1,934,747,347
[DIVIDEND-INCOME] 41,740,706
[INTEREST-INCOME] 1,074,225
[OTHER-INCOME] 0
[EXPENSES-NET] 13,410,396
[NET-INVESTMENT-INCOME] 29,404,265
[REALIZED-GAINS-CURRENT] 244,358,130
[APPREC-INCREASE-CURRENT] 278,616,642
[NET-CHANGE-FROM-OPS] 552,379,037
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 44,380,995
[DISTRIBUTIONS-OF-GAINS] 78,157,401
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 40,317,277
[NUMBER-OF-SHARES-REDEEMED] 51,090,285
[SHARES-REINVESTED] 9,591,013
[NET-CHANGE-IN-ASSETS] (7,543,945)
[ACCUMULATED-NII-PRIOR] 22,347,339
[ACCUMULATED-GAINS-PRIOR] 53,952,575
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 8,514,670
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 13,410,396
[AVERAGE-NET-ASSETS] 1,728,838,856
[PER-SHARE-NAV-BEGIN] 11.55
[PER-SHARE-NII] 00.23
[PER-SHARE-GAIN-APPREC] 04.09
[PER-SHARE-DIVIDEND] 00.34
[PER-SHARE-DISTRIBUTIONS] 00.62
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.91
[EXPENSE-RATIO] 00.78
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 8
[NAME] LARGE CAP GROWTH
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 1,295,990,885
[INVESTMENTS-AT-VALUE] 1,835,631,570
[RECEIVABLES] 11,337,680
[ASSETS-OTHER] 197,420,176
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 2,044,389,426
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 199,572,499
[TOTAL-LIABILITIES] 0
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,200,876,006
[SHARES-COMMON-STOCK] 106,823,419
[SHARES-COMMON-PRIOR] 91,962,220
[ACCUMULATED-NII-CURRENT] 5,133,450
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 99,734,861
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 539,072,610
[NET-ASSETS] 1,844,816,927
[DIVIDEND-INCOME] 15,963,919
[INTEREST-INCOME] 2,511,650
[OTHER-INCOME] 0
[EXPENSES-NET] 10,728,361
[NET-INVESTMENT-INCOME] 7,747,208
[REALIZED-GAINS-CURRENT] 63,302,635
[APPREC-INCREASE-CURRENT] 42,237,074
[NET-CHANGE-FROM-OPS] 113,286,917
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 38,837,237
[NUMBER-OF-SHARES-REDEEMED] 28,169,117
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 639,400,193
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] (332,576)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 9,540,345
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 10,696,313
[AVERAGE-NET-ASSETS] 1,564,928,099
[PER-SHARE-NAV-BEGIN] 13.10
[PER-SHARE-NII] 00.07
[PER-SHARE-GAIN-APPREC] 04.72
[PER-SHARE-DIVIDEND] 00.08
[PER-SHARE-DISTRIBUTIONS] 00.54
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 17.27
[EXPENSE-RATIO] 00.69
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 9
[NAME] SMALL CAP VALUE
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 494,387,502
[INVESTMENTS-AT-VALUE] 620,642,839
[RECEIVABLES] 3,239,364
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 14,685,174
[TOTAL-ASSETS] 638,567,377
[PAYABLE-FOR-SECURITIES] 1,791,952
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 14,403,429
[TOTAL-LIABILITIES] 16,195,381
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 409,708,116
[SHARES-COMMON-STOCK] 43,074,435
[SHARES-COMMON-PRIOR] 43,091,306
[ACCUMULATED-NII-CURRENT] 4,251,746
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 82,156,797
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 126,255,337
[NET-ASSETS] 622,371,996
[DIVIDEND-INCOME] 12,572,957
[INTEREST-INCOME] 570,290
[OTHER-INCOME] 0
[EXPENSES-NET] 4,695,577
[NET-INVESTMENT-INCOME] 8,447,670
[REALIZED-GAINS-CURRENT] 92,675,669
[APPREC-INCREASE-CURRENT] 83,746,603
[NET-CHANGE-FROM-OPS] 184,869,942
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 8,320,877
[DISTRIBUTIONS-OF-GAINS] 34,884,922
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 18,547,348
[NUMBER-OF-SHARES-REDEEMED] 3,718,417
[SHARES-REINVESTED] 22,282,636
[NET-CHANGE-IN-ASSETS] 143,487,925
[ACCUMULATED-NII-PRIOR] 4,124,953
[ACCUMULATED-GAINS-PRIOR] 24,366,050
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,721,377
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 4,695,577
[AVERAGE-NET-ASSETS] 520,032,095
[PER-SHARE-NAV-BEGIN] 11.11
[PER-SHARE-NII] 00.19
[PER-SHARE-GAIN-APPREC] 04.22
[PER-SHARE-DIVIDEND] 00.19
[PER-SHARE-DISTRIBUTIONS] 00.88
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 14.45
[EXPENSE-RATIO] 00.90
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 10
[NAME] SMALL CAP GROWTH
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 651,462,630
[INVESTMENTS-AT-VALUE] 763,475,121
[RECEIVABLES] 5,355,057
[ASSETS-OTHER] 28,232,962
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 822,494,140
[PAYABLE-FOR-SECURITIES] 9,203,989
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 35,969,011
[TOTAL-LIABILITIES] 45,173,000
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 612,009,473
[SHARES-COMMON-STOCK] 42,505,689
[SHARES-COMMON-PRIOR] 27,789,471
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 2,371,322
[ACCUMULATED-NET-GAINS] 30,060,874
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 137,622,115
[NET-ASSETS] 777,321,140
[DIVIDEND-INCOME] 2,058,812
[INTEREST-INCOME] 1,068,243
[OTHER-INCOME] 0
[EXPENSES-NET] 5,498,377
[NET-INVESTMENT-INCOME] 2,371,322
[REALIZED-GAINS-CURRENT] 44,824,875
[APPREC-INCREASE-CURRENT] 69,521,639
[NET-CHANGE-FROM-OPS] 111,975,192
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 71,806,746
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 33,405,849
[NUMBER-OF-SHARES-REDEEMED] 23,101,137
[SHARES-REINVESTED] 4,411,501
[NET-CHANGE-IN-ASSETS] 282,998,204
[ACCUMULATED-NII-PRIOR] 0
[ACCUMULATED-GAINS-PRIOR] 57,042,745
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3,060,297
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 5,498,377
[AVERAGE-NET-ASSETS] 610,917,064
[PER-SHARE-NAV-BEGIN] 17.79
[PER-SHARE-NII] 00.06
[PER-SHARE-GAIN-APPREC] 02.87
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 02.31
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 18.29
[EXPENSE-RATIO] 00.90
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 11
[NAME] INTERNATIONAL EQUITY
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 1,025,752,293
[INVESTMENTS-AT-VALUE] 1,116,305,931
[RECEIVABLES] 47,593,328
[ASSETS-OTHER] 3,378,614
[OTHER-ITEMS-ASSETS] 5,278
[TOTAL-ASSETS] 1,167,283,151
[PAYABLE-FOR-SECURITIES] 26,019,871
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 4,818,966
[TOTAL-LIABILITIES] 30,838,837
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 1,030,631,581
[SHARES-COMMON-STOCK] 106,876,628
[SHARES-COMMON-PRIOR] 80,446,288
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 7,644,078
[ACCUMULATED-NET-GAINS] 19,976,064
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 93,480,747
[NET-ASSETS] 1,136,444,314
[DIVIDEND-INCOME] 13,696,211
[INTEREST-INCOME] 2,915,572
[OTHER-INCOME] 0
[EXPENSES-NET] 9,642,312
[NET-INVESTMENT-INCOME] 6,969,471
[REALIZED-GAINS-CURRENT] 14,500,638
[APPREC-INCREASE-CURRENT] 68,927,708
[NET-CHANGE-FROM-OPS] 90,397,817
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 11,115
[DISTRIBUTIONS-OF-GAINS] 58,250
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 69,723,156
[NUMBER-OF-SHARES-REDEEMED] 43,292,817
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 292,714,747
[ACCUMULATED-NII-PRIOR] 130,661
[ACCUMULATED-GAINS-PRIOR] 60,096,904
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 7,358,476
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9,642,312
[AVERAGE-NET-ASSETS] 99,,239,900
[PER-SHARE-NAV-BEGIN] 10.49
[PER-SHARE-NII] 00.08
[PER-SHARE-GAIN-APPREC] 00.88
[PER-SHARE-DIVIDEND] 00.12
[PER-SHARE-DISTRIBUTIONS] 00.90
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 10.63
[EXPENSE-RATIO] 00.97
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 12
[NAME] INTERNATIONAL FIXED INCOME
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 126,882,456
[INVESTMENTS-AT-VALUE] 120,956,824
[RECEIVABLES] 5,634,025
[ASSETS-OTHER] 3,125,649
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 129,716,498
[PAYABLE-FOR-SECURITIES] 3,165,690
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 940,325
[TOTAL-LIABILITIES] 4,106,015
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 132,388,305
[SHARES-COMMON-STOCK] 15,299,555
[SHARES-COMMON-PRIOR] 14,201,520
[ACCUMULATED-NII-CURRENT] 0
[OVERDISTRIBUTION-NII] 2,573,451
[ACCUMULATED-NET-GAINS] 1,580,631
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] (5,785,002)
[NET-ASSETS] 125,610,483
[DIVIDEND-INCOME] 0
[INTEREST-INCOME] 8,781,747
[OTHER-INCOME] 0
[EXPENSES-NET] 1,243,844
[NET-INVESTMENT-INCOME] 7,537,903
[REALIZED-GAINS-CURRENT] (1,276,124)
[APPREC-INCREASE-CURRENT] (8,280,279)
[NET-CHANGE-FROM-OPS] 6,261,779
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 2,026,872
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4,780,466
[NUMBER-OF-SHARES-REDEEMED] 3,507,513
[SHARES-REINVESTED] 1,170,819
[NET-CHANGE-IN-ASSETS] (3,799,919)
[ACCUMULATED-NII-PRIOR] 1,485,949
[ACCUMULATED-GAINS-PRIOR] 2,623,840
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 42,665
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 1,243,844
[AVERAGE-NET-ASSETS] 120,505,931
[PER-SHARE-NAV-BEGIN] 9.11
[PER-SHARE-NII] 0.51
[PER-SHARE-GAIN-APPREC] (0.62)
[PER-SHARE-DIVIDEND] 0.55
[PER-SHARE-DISTRIBUTIONS] 0.24
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 8.21
[EXPENSE-RATIO] 0.97
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
[NUMBER] 13
[NAME] EMERGING MARKETS EQUITY
<TABLE>
<S> <C>
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] AUG-31-1997
[PERIOD-END] AUG-31-1997
[INVESTMENTS-AT-COST] 218,019,237
[INVESTMENTS-AT-VALUE] 249,855,889
[RECEIVABLES] 4,451,710
[ASSETS-OTHER] 7,427,684
[OTHER-ITEMS-ASSETS] 10,759
[TOTAL-ASSETS] 231,746,042
[PAYABLE-FOR-SECURITIES] 4,907,852
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 231,356
[TOTAL-LIABILITIES] 5,466,163
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 208,927,922
[SHARES-COMMON-STOCK] 24,302,122
[SHARES-COMMON-PRIOR] 11,474,511
[ACCUMULATED-NII-CURRENT] 1,340,517
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 14,068,139
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1,918,999
[NET-ASSETS] 226,279,879
[DIVIDEND-INCOME] 3,187,086
[INTEREST-INCOME] 773,602
[OTHER-INCOME] 0
[EXPENSES-NET] 3,021,693
[NET-INVESTMENT-INCOME] 729,223
[REALIZED-GAINS-CURRENT] 15,314,024
[APPREC-INCREASE-CURRENT] 573,570
[NET-CHANGE-FROM-OPS] 16,616,817
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 236,637
[DISTRIBUTIONS-OF-GAINS] 274,654
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 252,363,354
[NUMBER-OF-SHARES-REDEEMED] 140,187,007
[SHARES-REINVESTED] 508,577
[NET-CHANGE-IN-ASSETS] 112,684,924
[ACCUMULATED-NII-PRIOR] 243,721
[ACCUMULATED-GAINS-PRIOR] 120,421
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 2,067
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 3,022
[AVERAGE-NET-ASSETS] 188,290,055
[PER-SHARE-NAV-BEGIN] 8.50
[PER-SHARE-NII] 0.83
[PER-SHARE-GAIN-APPREC] 0
[PER-SHARE-DIVIDEND] 0.01
[PER-SHARE-DISTRIBUTIONS] 0.01
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 9.31
[EXPENSE-RATIO] 1.60
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
To the Shareholders and Board of Trustees of
Consulting Group Capital Markets Funds:
In planning and performing our audits of the financial statements
of Government Money Investments, Intermediate Fixed Income
Investments, Long-Term Bond Investments, Municipal Bond
Investments, Mortgage Backed Investments, Balanced Investments,
Large Capitalization Value Equity Investments, Large
Capitalization Growth Investments, Small Capitalization Value
Equity Investments, Small Capitalization Growth Investments,
International Equity Investments, International Fixed Income
Investments, and Emerging Markets Equity Investments of
Consulting Group Capital Markets Funds (the "Fund") for the year
ended August 31, 1997, we considered its internal control
structure, including procedures for safeguarding securities, in
order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply
with the requirements of Form N-SAR, not to provide assurance on
the internal control structure.
The management of the Fund is responsible for establishing and
maintaining an internal control structure. In fulfilling this
responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of
internal control structure policies and procedures. Two of the
objectives of an internal control structure are to provide
management with reasonable, but not absolute, assurance that
assets are safeguarded against loss from unauthorized use or
disposition and that transactions are executed in accordance with
management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally
accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, projection of any evaluation of the structure to
future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the
effectiveness of the design and operation may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control
structure that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the
design or operation of the specific internal control structure
elements does not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be material in
relation to the financial statements being audited may occur and
not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted
no matters involving the internal control structure, including
procedures for safeguarding securities, which we consider to be
material weaknesses as defined above as of August 31, 1997.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission.
October 15, 1997
