CONSULTING GROUP CAPITAL MARKETS FUNDS
NSAR-A, 1999-05-14
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<PAGE>      PAGE  1
000 A000000 02/28/99
000 C000000 875186
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 A
001 A000000 CONSULTING GROUP CAPITAL MARKETS FUNDS
001 B000000 811-6318
001 C000000 2128168725
002 A000000 222 DELAWARE AVE.
002 B000000 WILLMINGTON
002 C000000 DE
002 D010000 19801
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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007 B000000 14
007 C010100  1
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007 C030100 N
007 C010200  2
007 C020200 INTERMEDIATE FIXED INCOME INVESTMENTS
007 C030200 N
007 C010300  3
007 C020300 LONG TERM BOND INVESTMENTS
007 C030300 N
007 C010400  4
007 C020400 MUNICIPAL BOND INVESTMENTS
007 C030400 N
007 C010500  5
007 C020500 MORTGAGE BACKED INVESTMENTS
007 C030500 N
007 C010600  6
007 C020600 BALANCED INVESTMENTS
007 C030600 N
007 C010700  7
007 C020700 LARGE CAPITALIZATION VALUE EQUITY INVESTMENTS
007 C030700 N
007 C010800  8
007 C020800 LARGE CAPITALIZATION GROWTH INVESTMENTS
007 C030800 N
007 C010900  9
007 C020900 SMALL CAPITALIZATION VALUE EQUITY INVESTMENTS
007 C030900 N
007 C011000 10
007 C021000 SMALL CAPITALIZATION GROWTH INVESTMENTS
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 INTERNATIONAL EQUITY INVESTMENTS
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007 C021200 INTERNATIONAL FIXED INCOME INVESTMENTS
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007 C011300 13
007 C021300 EMERGING MARKETS EQUITY INVESTMENTS
007 C031300 N
007 C011400 14
007 C021400 HIGH YIELD INVESTMENT
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
077 A000000 Y
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080 A00AA00 ICI MUTUAL FUND INSURANCE COMPANY
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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070 E020100 N
070 F010100 N
070 F020100 N
070 G010100 N
070 G020100 N
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070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 N
070 J020100 N
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070 K020100 N
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<PAGE>      PAGE  8
070 Q010100 N
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<PAGE>      PAGE  9
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010 A000201 SMITH BARNEY MUTUAL FUNDS MANAGEMENT INC.
010 B000201 801-14437
010 C010201 NEW YORK
010 C020201 NY
010 C030201 10013
011 A000201 SMITH BARNEY
011 B000201 8-81777
011 C010201 NEW YORK
011 C020201 NY
011 C030201 10013
012 A000201 FIRST DATA INVESTORS SERVICES GROUP, INC.
012 B000201 84-0000000
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
054 K000200 N
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070 A010200 Y
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<PAGE>      PAGE  13
070 F010200 N
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
070 G010300 N
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<PAGE>      PAGE  56
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<PAGE>      PAGE  57
011 A001101 SMITH BARNEY
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<PAGE>      PAGE  58
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<PAGE>      PAGE  59
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056  001100 N
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070 C021100 N
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070 E021100 N
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<PAGE>      PAGE  60
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070 H021100 N
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070 L021100 Y
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070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 N
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<PAGE>      PAGE  61
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<PAGE>      PAGE  62
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010 A001201 SMITH BARNEY MUTUAL FUNDS MANAGEMENT INC.
010 B001201 801-14437
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<PAGE>      PAGE  63
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033  001200      0
034  001200 N
035  001200      0
036 B001200      0
037  001200 N
038  001200      0
039  001200 N
040  001200 N
041  001200 N
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042 E001200   0
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<PAGE>      PAGE  64
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050  001200 N
051  001200 N
052  001200 N
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055 A001200 N
055 B001200 N
056  001200 N
057  001200 N
058 A001200 N
059  001200 N
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064 B001200 N
066 A001200 N
067  001200 N
068 A001200 N
068 B001200 Y
<PAGE>      PAGE  65
069  001200 N
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070 D021200 N
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070 E021200 N
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070 F021200 N
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070 G021200 N
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070 H021200 N
070 I011200 N
070 I021200 N
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070 J021200 Y
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070 K021200 N
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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
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<PAGE>      PAGE  66
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<PAGE>      PAGE  67
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008 B001301 A
008 C001301 801-000000
008 D011301 SAN FRANCISCO
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
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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
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<PAGE>      PAGE  68
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029  001300 N
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030 B001300  0.00
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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 N
040  001300 N
041  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
<PAGE>      PAGE  69
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048 I021300 0.000
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048 J021300 0.000
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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
060 A001300 N
060 B001300 N
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<PAGE>      PAGE  70
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070 G011300 Y
070 G021300 N
070 H011300 Y
070 H021300 N
070 I011300 N
070 I021300 N
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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 Y
070 O011300 Y
070 O021300 N
070 P011300 N
070 P021300 N
070 Q011300 N
070 Q021300 N
070 R011300 N
070 R021300 N
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<PAGE>      PAGE  71
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<PAGE>      PAGE  72
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008 C001401 801-000000
008 D011401 NEW YORK
008 D021401 NY
008 D031401 10019
010 A001401 MUTUAL MANAGEMENT INC.
010 B001401 801-14437
010 C011401 NEW YORK
010 C021401 NY
010 C031401 10013
011 A001401 SMITH BARNEY INC.
011 B001401 8-81777
011 C011401 NEW YORK
011 C021401 NY
011 C031401 10013
012 A001401 FIRST DATA INVESTORS SERVICES GROUP, INC.
012 B001401 84-0000000
012 C011401 BOSTON
012 C021401 MA
012 C031401 02109
013 A001401 KPMG PEAT MARWICK LLP
013 B011401 NEW YORK
013 B021401 NY
013 B031401 10154
015 A001401 PNC BANK
015 B001401 C
015 C011401 PHILADELPHIA
015 C021401 PA
015 C031401 19103
<PAGE>      PAGE  73
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032  001400      0
033  001400      0
034  001400 N
035  001400      0
036 B001400      0
037  001400 N
038  001400      0
039  001400 Y
040  001400 N
042 A001400   0
<PAGE>      PAGE  74
042 B001400   0
042 C001400   0
042 D001400   0
042 E001400   0
042 F001400   0
042 G001400   0
042 H001400   0
043  001400      0
044  001400      0
045  001400 Y
046  001400 N
047  001400 Y
048  001400  0.700
048 A011400        0
048 A021400 0.000
048 B011400        0
048 B021400 0.000
048 C011400        0
048 C021400 0.000
048 D011400        0
048 D021400 0.000
048 E011400        0
048 E021400 0.000
048 F011400        0
048 F021400 0.000
048 G011400        0
048 G021400 0.000
048 H011400        0
048 H021400 0.000
048 I011400        0
048 I021400 0.000
048 J011400        0
048 J021400 0.000
048 K011400        0
048 K021400 0.000
049  001400 N
050  001400 Y
051  001400 Y
052  001400 N
053 A001400 N
054 A001400 Y
054 B001400 N
054 C001400 N
054 D001400 N
054 E001400 N
054 F001400 N
054 G001400 Y
054 H001400 Y
054 I001400 N
054 J001400 N
054 K001400 Y
<PAGE>      PAGE  75
054 L001400 Y
054 M001400 Y
054 N001400 N
054 O001400 N
055 A001400 N
055 B001400 N
056  001400 Y
057  001400 N
058 A001400 N
059  001400 Y
060 A001400 Y
060 B001400 Y
061  001400    10000
062 A001400 Y
062 B001400   0.0
062 C001400   0.0
062 D001400   2.4
062 E001400   0.0
062 F001400   0.0
062 G001400   0.0
062 H001400   0.0
062 I001400   0.0
062 J001400   0.0
062 K001400   0.0
062 L001400   0.0
062 M001400   0.0
062 N001400   0.0
062 O001400   0.0
062 P001400  97.6
062 Q001400   0.0
062 R001400   0.0
063 A001400   0
063 B001400  8.0
064 A001400 N
064 B001400 N
066 A001400 N
067  001400 N
068 A001400 N
068 B001400 N
069  001400 N
070 A011400 Y
070 A021400 Y
070 B011400 Y
070 B021400 N
070 C011400 Y
070 C021400 N
070 D011400 N
070 D021400 N
070 E011400 Y
070 E021400 N
070 F011400 Y
<PAGE>      PAGE  76
070 F021400 N
070 G011400 Y
070 G021400 N
070 H011400 Y
070 H021400 N
070 I011400 N
070 I021400 N
070 J011400 Y
070 J021400 Y
070 K011400 N
070 K021400 N
070 L011400 Y
070 L021400 N
070 M011400 Y
070 M021400 N
070 N011400 Y
070 N021400 N
070 O011400 N
070 O021400 N
070 P011400 N
070 P021400 N
070 Q011400 N
070 Q021400 N
070 R011400 N
070 R021400 N
071 A001400    109122
071 B001400     49763
071 C001400    104794
071 D001400   48
072 A001400  6
072 B001400     6483
072 C001400        0
072 D001400        0
072 E001400        0
072 F001400      390
072 G001400      111
072 H001400        0
072 I001400       90
072 J001400        3
072 K001400        0
072 L001400        0
072 M001400        2
072 N001400       24
072 O001400        0
072 P001400        0
072 Q001400        0
072 R001400       14
072 S001400        0
072 T001400        0
072 U001400        0
072 V001400        0
<PAGE>      PAGE  77
072 W001400        2
072 X001400      636
072 Y001400        0
072 Z001400     5847
072AA001400      939
072BB001400        0
072CC011400        0
072CC021400     2925
072DD011400     6445
072DD021400        0
072EE001400      220
073 A011400   0.4300
073 A021400   0.0000
073 B001400   0.1500
073 C001400   0.0000
074 A001400     1185
074 B001400     3129
074 C001400        0
074 D001400   129198
074 E001400        0
074 F001400        0
074 G001400        0
074 H001400        0
074 I001400        0
074 J001400        0
074 K001400        0
074 L001400     4217
074 M001400        0
074 N001400   137729
074 O001400        0
074 P001400        0
074 Q001400        0
074 R011400        0
074 R021400        0
074 R031400        0
074 R041400     1314
074 S001400        0
074 T001400   136415
074 U011400    17766
074 U021400        0
074 V011400     7.68
074 V021400     0.00
074 W001400   0.0000
074 X001400        0
074 Y001400        0
075 A001400        0
075 B001400   114251
076  001400     0.00
SIGNATURE   PAUL BROOK                                   
TITLE       CONTROLLER          
 


[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 1
   [NAME] GOVERNMENT MONEY INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      336,073,337
[INVESTMENTS-AT-VALUE]                     336,073,337
[RECEIVABLES]                                  540,915
[ASSETS-OTHER]                                  27,063
[OTHER-ITEMS-ASSETS]                           492,644
[TOTAL-ASSETS]                             337,133,959
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                            0
[TOTAL-LIABILITIES]                            744,964
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   336,021,255
[SHARES-COMMON-STOCK]                      336,351,614
[SHARES-COMMON-PRIOR]                      375,730,783
[ACCUMULATED-NII-CURRENT]                       48,046
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                       (16,665)
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                             0
[NET-ASSETS]                               336,388,995
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            9,304,832
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,072,751
[NET-INVESTMENT-INCOME]                      8,232,081
[REALIZED-GAINS-CURRENT]                         5,048
[APPREC-INCREASE-CURRENT]                            0
[NET-CHANGE-FROM-OPS]                        8,237,129
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    8,235,668
[DISTRIBUTIONS-OF-GAINS]                         5,048
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    375,638,582
[NUMBER-OF-SHARES-REDEEMED]                423,260,743
[SHARES-REINVESTED]                          8,248,992
[NET-CHANGE-IN-ASSETS]                    (39,373,169)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          215,413
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,072,751
[AVERAGE-NET-ASSETS]                       362,134,427
[PER-SHARE-NAV-BEGIN]                             1.00
[PER-SHARE-NII]                                   0.02
[PER-SHARE-GAIN-APPREC]                              0
[PER-SHARE-DIVIDEND]                              0.02
[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 INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      629,336,290
[INVESTMENTS-AT-VALUE]                     622,758,173
[RECEIVABLES]                                8,909,939
[ASSETS-OTHER]                                     437
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             631,668,549
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    3,344,178
[TOTAL-LIABILITIES]                          3,344,178
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   638,056,730
[SHARES-COMMON-STOCK]                       77,997,775
[SHARES-COMMON-PRIOR]                       70,170,721
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         989,809
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                     2,164,433
[ACCUM-APPREC-OR-DEPREC]                   (6,578,117)
[NET-ASSETS]                               628,324,371
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                           18,501,349
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               2,259,179
[NET-INVESTMENT-INCOME]                     16,242,170
[REALIZED-GAINS-CURRENT]                     2,645,274
[APPREC-INCREASE-CURRENT]                 (13,031,138)
[NET-CHANGE-FROM-OPS]                        5,856,306
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   17,231,979
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     21,070,135
[NUMBER-OF-SHARES-REDEEMED]                 14,945,609
[SHARES-REINVESTED]                          1,702,528
[NET-CHANGE-IN-ASSETS]                      53,326,225
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                   4,809,707
[GROSS-ADVISORY-FEES]                        1,185,237
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              2,259,179
[AVERAGE-NET-ASSETS]                       619,505,685
[PER-SHARE-NAV-BEGIN]                             8.19
[PER-SHARE-NII]                                   0.22
[PER-SHARE-GAIN-APPREC]                         (0.12)
[PER-SHARE-DIVIDEND]                              0.23
[PER-SHARE-DISTRIBUTIONS]                            0
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.06
[EXPENSE-RATIO]                                   0.74
[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 INVESTMENT
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      137,883,658
[INVESTMENTS-AT-VALUE]                     143,549,818
[RECEIVABLES]                                1,830,840
[ASSETS-OTHER]                               1,110,357
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             146,491,615
[PAYABLE-FOR-SECURITIES]                     7,067,400
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      854,099
[TOTAL-LIABILITIES]                          7,921,499
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   132,112,998
[SHARES-COMMON-STOCK]                       16,646,728
[SHARES-COMMON-PRIOR]                       17,408,685
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                        (50,120)
[ACCUMULATED-NET-GAINS]                        840,478
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     5,666,160
[NET-ASSETS]                               138,569,516
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            4,811,958
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 599,988
[NET-INVESTMENT-INCOME]                      4,211,970
[REALIZED-GAINS-CURRENT]                     1,513,080
[APPREC-INCREASE-CURRENT]                  (7,982,215)
[NET-CHANGE-FROM-OPS]                      (2,257,165)
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    4,407,294
[DISTRIBUTIONS-OF-GAINS]                     5,585,193
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     26,115,209
[NUMBER-OF-SHARES-REDEEMED]                 41,919,654
[SHARES-REINVESTED]                          9,011,279
[NET-CHANGE-IN-ASSETS]                     (6,793,166)
[ACCUMULATED-NII-PRIOR]                        145,204
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          297,424
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                599,988
[AVERAGE-NET-ASSETS]                       151,374,624
[PER-SHARE-NAV-BEGIN]                             9.05
[PER-SHARE-NII]                                   0.25
[PER-SHARE-GAIN-APPREC]                         (0.38)
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                         0.60
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.32
[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] 4
   [NAME] MUNICIPAL BOND INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                        7,695,453
[INVESTMENTS-AT-VALUE]                      71,326,181
[RECEIVABLES]                                4,469,202
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              75,795,383
[PAYABLE-FOR-SECURITIES]                     3,090,872
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                      894,072
[TOTAL-LIABILITIES]                          3,984,944
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    71,841,217
[SHARES-COMMON-STOCK]                        8,208,642
[SHARES-COMMON-PRIOR]                        8,127,564
[ACCUMULATED-NII-CURRENT]                     (83,634)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                        422,128
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     (369,272)
[NET-ASSETS]                                71,810,439
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            1,704,783
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 290,265
[NET-INVESTMENT-INCOME]                      1,414,518
[REALIZED-GAINS-CURRENT]                     1,548,011
[APPREC-INCREASE-CURRENT]                  (1,812,262)
[NET-CHANGE-FROM-OPS]                        1,150,267
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,498,152
[DISTRIBUTIONS-OF-GAINS]                     1,082,749
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,397,120
[NUMBER-OF-SHARES-REDEEMED]                  1,567,624
[SHARES-REINVESTED]                            251,582
[NET-CHANGE-IN-ASSETS]                       (700,574)
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                     (43,134)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          144,873
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                290,265
[AVERAGE-NET-ASSETS]                        73,860,220
[PER-SHARE-NAV-BEGIN]                             8.92
[PER-SHARE-NII]                                   0.17
[PER-SHARE-GAIN-APPREC]                         (0.03)
[PER-SHARE-DIVIDEND]                              0.18
[PER-SHARE-DISTRIBUTIONS]                         0.13
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.75
[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 INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      146,166,251
[INVESTMENTS-AT-VALUE]                     147,314,965
[RECEIVABLES]                                1,091,787
[ASSETS-OTHER]                                     247
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             148,406,999
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,018,631
[TOTAL-LIABILITIES]                          1,018,631
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   146,469,301
[SHARES-COMMON-STOCK]                       18,331,282
[SHARES-COMMON-PRIOR]                       19,191,649
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         438,810
[ACCUMULATED-NET-GAINS]                        209,163
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     1,148,714
[NET-ASSETS]                               147,388,368
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            4,835,409
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 600,537
[NET-INVESTMENT-INCOME]                      4,234,872
[REALIZED-GAINS-CURRENT]                       524,325
[APPREC-INCREASE-CURRENT]                  (1,184,678)
[NET-CHANGE-FROM-OPS]                        3,574,519
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    4,364,891
[DISTRIBUTIONS-OF-GAINS]                       864,424
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      2,369,029
[NUMBER-OF-SHARES-REDEEMED]                  3,765,255
[SHARES-REINVESTED]                            535,859
[NET-CHANGE-IN-ASSETS]                      18,654,486
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                      549,262
[OVERDISTRIB-NII-PRIOR]                      (308,791)
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          373,205
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                690,589
[AVERAGE-NET-ASSETS]                       152,152,308
[PER-SHARE-NAV-BEGIN]                             8.13
[PER-SHARE-NII]                                   0.23
[PER-SHARE-GAIN-APPREC]                           0.04
[PER-SHARE-DIVIDEND]                              0.23
[PER-SHARE-DISTRIBUTIONS]                         0.05
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.04
[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]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                       81,077,825
[INVESTMENTS-AT-VALUE]                      82,154,865
[RECEIVABLES]                                7,071,839
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                              89,226,704
[PAYABLE-FOR-SECURITIES]                     4,267,489
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   10,571,854
[TOTAL-LIABILITIES]                         14,839,343
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                    63,845,975
[SHARES-COMMON-STOCK]                        6,692,558
[SHARES-COMMON-PRIOR]                        6,299,666
[ACCUMULATED-NII-CURRENT]                      143,085
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                      9,321,261
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                     1,077,040
[NET-ASSETS]                                74,387,361
[DIVIDEND-INCOME]                              609,865
[INTEREST-INCOME]                              457,402
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 355,094
[NET-INVESTMENT-INCOME]                        701,173
[REALIZED-GAINS-CURRENT]                    10,181,389
[APPREC-INCREASE-CURRENT]                  (1,032,423)
[NET-CHANGE-FROM-OPS]                        9,850,139
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    1,089,787
[DISTRIBUTIONS-OF-GAINS]                     7,093,572
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      1,517,710
[NUMBER-OF-SHARES-REDEEMED]                  1,841,652
[SHARES-REINVESTED]                            716,834
[NET-CHANGE-IN-ASSETS]                       5,917,450
[ACCUMULATED-NII-PRIOR]                        531,699
[ACCUMULATED-GAINS-PRIOR]                    6,233,444
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          216,985
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                379,094
[AVERAGE-NET-ASSETS]                        55,657,377
[PER-SHARE-NAV-BEGIN]                            10.87
[PER-SHARE-NII]                                  00.11
[PER-SHARE-GAIN-APPREC]                          01.46
[PER-SHARE-DIVIDEND]                             00.17
[PER-SHARE-DISTRIBUTIONS]                        01.16
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.11
[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 CAPITALIZATION VALUE EQUITY INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                    1,525,027,533
[INVESTMENTS-AT-VALUE]                   1,952,559,225
[RECEIVABLES]                               18,302,967
[ASSETS-OTHER]                                     596
[OTHER-ITEMS-ASSETS]                       248,074,151
[TOTAL-ASSETS]                           2,218,936,939
[PAYABLE-FOR-SECURITIES]                     4,479,809
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                  249,427,991
[TOTAL-LIABILITIES]                        253,907,800
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,490,366,725
[SHARES-COMMON-STOCK]                      152,554,086
[SHARES-COMMON-PRIOR]                      139,382,153
[ACCUMULATED-NII-CURRENT]                    3,798,576
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                     43,293,186
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   427,570,652
[NET-ASSETS]                             1,965,029,139
[DIVIDEND-INCOME]                           19,243,856
[INTEREST-INCOME]                              557,432
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               7,327,509
[NET-INVESTMENT-INCOME]                     12,473,779
[REALIZED-GAINS-CURRENT]                    56,798,639
[APPREC-INCREASE-CURRENT]                  271,979,807
[NET-CHANGE-FROM-OPS]                      341,252,225
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   24,090,925
[DISTRIBUTIONS-OF-GAINS]                   228,219,822
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     19,776,645
[NUMBER-OF-SHARES-REDEEMED]                 26,292,315
[SHARES-REINVESTED]                         19,687,603
[NET-CHANGE-IN-ASSETS]                     252,784,949
[ACCUMULATED-NII-PRIOR]                     15,415,722
[ACCUMULATED-GAINS-PRIOR]                  214,714,369
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,562,443
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              7,327,509
[AVERAGE-NET-ASSETS]                     1,967,233,754
[PER-SHARE-NAV-BEGIN]                            12.28
[PER-SHARE-NII]                                  00.09
[PER-SHARE-GAIN-APPREC]                          02.37
[PER-SHARE-DIVIDEND]                             00.18
[PER-SHARE-DISTRIBUTIONS]                        01.68
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              12.88
[EXPENSE-RATIO]                                  00.75
[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 CAPITALIZATION GROWTH INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                    1,146,716,253
[INVESTMENTS-AT-VALUE]                   2,345,529,516
[RECEIVABLES]                                3,561,947
[ASSETS-OTHER]                                   1,168
[OTHER-ITEMS-ASSETS]                       395,017,038
[TOTAL-ASSETS]                           2,744,109,669
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                  396,520,617
[TOTAL-LIABILITIES]                        396,520,617
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,128,405,290
[SHARES-COMMON-STOCK]                      102,688,610
[SHARES-COMMON-PRIOR]                      103,676,716
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                     (1,980,682)
[ACCUMULATED-NET-GAINS]                     22,585,181
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                 1,198,579,263
[NET-ASSETS]                             2,347,589,052
[DIVIDEND-INCOME]                              716,217
[INTEREST-INCOME]                            7,793,583
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               7,449,573
[NET-INVESTMENT-INCOME]                      1,060,227
[REALIZED-GAINS-CURRENT]                    28,057,846
[APPREC-INCREASE-CURRENT]                  626,103,498
[NET-CHANGE-FROM-OPS]                      655,221,571
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    3,040,909
[DISTRIBUTIONS-OF-GAINS]                    81,027,132
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     19,776,645
[NUMBER-OF-SHARES-REDEEMED]                126,292,315
[SHARES-REINVESTED]                         19,687,603
[NET-CHANGE-IN-ASSETS]                     554,143,084
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                   75,554,467
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        6,144,764
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              7,449,573
[AVERAGE-NET-ASSETS]                         2,148,439
[PER-SHARE-NAV-BEGIN]                            17.30
[PER-SHARE-NII]                                  00.01
[PER-SHARE-GAIN-APPREC]                          06.38
[PER-SHARE-DIVIDEND]                             00.03
[PER-SHARE-DISTRIBUTIONS]                        00.83
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              22.86
[EXPENSE-RATIO]                                  00.70
[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 CAPITALIZATION VALUE EQUITY INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      840,213,995
[INVESTMENTS-AT-VALUE]                     721,439,526
[RECEIVABLES]                               25,079,426
[ASSETS-OTHER]                                  16,174
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             746,535,126
[PAYABLE-FOR-SECURITIES]                       920,803
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   21,867,906
[TOTAL-LIABILITIES]                         22,788,709
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   839,558,482
[SHARES-COMMON-STOCK]                       74,917,123
[SHARES-COMMON-PRIOR]                       66,610,562
[ACCUMULATED-NII-CURRENT]                    6,797,223
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                        759,444
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    22,551,482
[NET-ASSETS]                               723,746,417
[DIVIDEND-INCOME]                            9,914,544
[INTEREST-INCOME]                              498,576
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               3,615,897
[NET-INVESTMENT-INCOME]                      6,797,444
[REALIZED-GAINS-CURRENT]                       759,444
[APPREC-INCREASE-CURRENT]                   22,551,482
[NET-CHANGE-FROM-OPS]                       30,108,149
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   13,030,717
[DISTRIBUTIONS-OF-GAINS]                   117,115,182
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                    118,730,974
[NUMBER-OF-SHARES-REDEEMED]                163,996,867
[SHARES-REINVESTED]                        128,710,339
[NET-CHANGE-IN-ASSETS]                       2,172,087
[ACCUMULATED-NII-PRIOR]                     12,507,740
[ACCUMULATED-GAINS-PRIOR]                  126,717,993
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        3,043,730
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              3,043,730
[AVERAGE-NET-ASSETS]                       357,476,292
[PER-SHARE-NAV-BEGIN]                            11.11
[PER-SHARE-NII]                                  00.10
[PER-SHARE-GAIN-APPREC]                          00.47
[PER-SHARE-DIVIDEND]                             00.20
[PER-SHARE-DISTRIBUTIONS]                        01.82
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              09.66
[EXPENSE-RATIO]                                  00.93
[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 CAPITALIZATION GROWTH INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                    1,044,021,265
[INVESTMENTS-AT-VALUE]                   1,055,692,084
[RECEIVABLES]                              197,976,312
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                           1,253,668,396
[PAYABLE-FOR-SECURITIES]                     2,581,531
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                  200,319,222
[TOTAL-LIABILITIES]                        202,900,753
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,040,535,237
[SHARES-COMMON-STOCK]                       66,551,713
[SHARES-COMMON-PRIOR]                       66,913,275
[ACCUMULATED-NII-CURRENT]                  (1,199,755)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                          6,717
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                    11,425,444
[NET-ASSETS]                             1,050,767,643
[DIVIDEND-INCOME]                            1,566,840
[INTEREST-INCOME]                            1,569,108
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               4,381,526
[NET-INVESTMENT-INCOME]                    (1,245,578)
[REALIZED-GAINS-CURRENT]                     4,410,734
[APPREC-INCREASE-CURRENT]                  229,088,808
[NET-CHANGE-FROM-OPS]                      232,253,964
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                            0
[DISTRIBUTIONS-OF-GAINS]                    33,622,731
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     13,214,850
[NUMBER-OF-SHARES-REDEEMED]                 15,716,495
[SHARES-REINVESTED]                          2,140,083
[NET-CHANGE-IN-ASSETS]                     (6,373,841)
[ACCUMULATED-NII-PRIOR]                      8,405,581
[ACCUMULATED-GAINS-PRIOR]                  117,218,555
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        3,977,912
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              4,381,526
[AVERAGE-NET-ASSETS]                     1,028,958,134
[PER-SHARE-NAV-BEGIN]                            12.83
[PER-SHARE-NII]                                 (0.02)
[PER-SHARE-GAIN-APPREC]                          03.49
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                        00.51
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              15.79
[EXPENSE-RATIO]                                  00.93
[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 INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                    1,151,882,986
[INVESTMENTS-AT-VALUE]                   1,343,647,375
[RECEIVABLES]                               20,484,444
[ASSETS-OTHER]                                       0
[OTHER-ITEMS-ASSETS]                       147,096,277
[TOTAL-ASSETS]                           1,511,228,098
[PAYABLE-FOR-SECURITIES]                     4,156,520
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                  143,857,564
[TOTAL-LIABILITIES]                        148,014,084
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                 1,172,871,937
[SHARES-COMMON-STOCK]                      121,238,865
[SHARES-COMMON-PRIOR]                      124,469,688
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                    (24,187,949)
[ACCUMULATED-NET-GAINS]                     18,962,228
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   195,567,746
[NET-ASSETS]                             1,363,213,962
[DIVIDEND-INCOME]                            5,349,511
[INTEREST-INCOME]                            1,604,701
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               5,794,173
[NET-INVESTMENT-INCOME]                      1,160,039
[REALIZED-GAINS-CURRENT]                    18,419,100
[APPREC-INCREASE-CURRENT]                  135,414,024
[NET-CHANGE-FROM-OPS]                      154,993,163
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                   17,799,557
[DISTRIBUTIONS-OF-GAINS]                    49,094,047
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     22,436,580
[NUMBER-OF-SHARES-REDEEMED]                 33,416,716
[SHARES-REINVESTED]                          7,749,313
[NET-CHANGE-IN-ASSETS]                      32,037,169
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                   71,126,507
[OVERDISTRIB-NII-PRIOR]                      9,037,763
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                        4,628,922
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              5,794,173
[AVERAGE-NET-ASSETS]                     1,354,883,626
[PER-SHARE-NAV-BEGIN]                            10.69
[PER-SHARE-NII]                                  00.01
[PER-SHARE-GAIN-APPREC]                          01.28
[PER-SHARE-DIVIDEND]                             00.15
[PER-SHARE-DISTRIBUTIONS]                        00.59
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              11.24
[EXPENSE-RATIO]                                  00.86
[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 INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      231,240,565
[INVESTMENTS-AT-VALUE]                     229,665,522
[RECEIVABLES]                               10,887,041
[ASSETS-OTHER]                              14,426,887
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             254,979,450
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                   16,904,454
[TOTAL-LIABILITIES]                         16,904,454
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   238,585,878
[SHARES-COMMON-STOCK]                       28,045,136
[SHARES-COMMON-PRIOR]                       23,023,844
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                     (3,501,218)
[ACCUMULATED-NET-GAINS]                      3,116,279
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (1,125,943)
[NET-ASSETS]                               238,074,996
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            6,405,406
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 978,858
[NET-INVESTMENT-INCOME]                      5,426,548
[REALIZED-GAINS-CURRENT]                     6,391,536
[APPREC-INCREASE-CURRENT]                  (4,533,790)
[NET-CHANGE-FROM-OPS]                        7,284,294
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    5,745,160
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                      7,565,008
[NUMBER-OF-SHARES-REDEEMED]                  3,071,099
[SHARES-REINVESTED]                            527,383
[NET-CHANGE-IN-ASSETS]                      46,007,070
[ACCUMULATED-NII-PRIOR]                              0
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                    (5,017,595)
[OVERDIST-NET-GAINS-PRIOR]                   (440,268)
[GROSS-ADVISORY-FEES]                          795,015
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                978,858
[AVERAGE-NET-ASSETS]                       232,988,028
[PER-SHARE-NAV-BEGIN]                             8.34
[PER-SHARE-NII]                                   0.29
[PER-SHARE-GAIN-APPREC]                           0.08
[PER-SHARE-DIVIDEND]                              0.22
[PER-SHARE-DISTRIBUTIONS]                         0.22
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               8.49
[EXPENSE-RATIO]                                   0.92
[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 MARKET EQUITY INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      252,967,434
[INVESTMENTS-AT-VALUE]                     235,558,102
[RECEIVABLES]                                2,423,527
[ASSETS-OTHER]                               5,209,000
[OTHER-ITEMS-ASSETS]                         3,276,293
[TOTAL-ASSETS]                             246,466,992
[PAYABLE-FOR-SECURITIES]                       600,033
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    5,635,126
[TOTAL-LIABILITIES]                          6,235,159
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   405,010,867
[SHARES-COMMON-STOCK]                       48,871,275
[SHARES-COMMON-PRIOR]                       52,762,971
[ACCUMULATED-NII-CURRENT]                            0
[OVERDISTRIBUTION-NII]                         565,265
[ACCUMULATED-NET-GAINS]                              0
[OVERDISTRIBUTION-GAINS]                   146,621,464
[ACCUM-APPREC-OR-DEPREC]                  (17,592,305)
[NET-ASSETS]                               240,231,833
[DIVIDEND-INCOME]                              551,929
[INTEREST-INCOME]                            3,056,768
[OTHER-INCOME]                                       0
[EXPENSES-NET]                               1,909,661
[NET-INVESTMENT-INCOME]                      1,699,036
[REALIZED-GAINS-CURRENT]                  (63,980,094)
[APPREC-INCREASE-CURRENT]                   92,725,842
[NET-CHANGE-FROM-OPS]                       30,444,784
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    2,193,397
[DISTRIBUTIONS-OF-GAINS]                             0
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     24,594,758
[NUMBER-OF-SHARES-REDEEMED]                 28,927,558
[SHARES-REINVESTED]                            441,104
[NET-CHANGE-IN-ASSETS]                       9,705,905
[ACCUMULATED-NII-PRIOR]                        382,813
[ACCUMULATED-GAINS-PRIOR]                            0
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                  83,095,087
[GROSS-ADVISORY-FEES]                        1,325,213
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                              1,909,661
[AVERAGE-NET-ASSETS]                        28,451,733
[PER-SHARE-NAV-BEGIN]                             4.37
[PER-SHARE-NII]                                   0.03
[PER-SHARE-GAIN-APPREC]                           0.56
[PER-SHARE-DIVIDEND]                                 0
[PER-SHARE-DISTRIBUTIONS]                         0.04
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                               4.92
[EXPENSE-RATIO]                                   1.56
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>

[ARTICLE] 6
[CIK] 0000875186
[NAME] CONSULTING GROUP CAPITAL MARKETS FUNDS
[SERIES]
   [NUMBER] 14
   [NAME] HIGH YIELD INVESTMENTS
<TABLE>
<S>                             <C>
[PERIOD-TYPE]                   6-MOS
[FISCAL-YEAR-END]                          AUG-31-1999
[PERIOD-END]                               FEB-28-1999
[INVESTMENTS-AT-COST]                      137,552,940
[INVESTMENTS-AT-VALUE]                     132,327,774
[RECEIVABLES]                                4,216,562
[ASSETS-OTHER]                               1,185,299
[OTHER-ITEMS-ASSETS]                                 0
[TOTAL-ASSETS]                             137,729,635
[PAYABLE-FOR-SECURITIES]                             0
[SENIOR-LONG-TERM-DEBT]                              0
[OTHER-ITEMS-LIABILITIES]                    1,314,351
[TOTAL-LIABILITIES]                          1,314,351
[SENIOR-EQUITY]                                      0
[PAID-IN-CAPITAL-COMMON]                   140,950,805
[SHARES-COMMON-STOCK]                       17,766,797
[SHARES-COMMON-PRIOR]                                0
[ACCUMULATED-NII-CURRENT]                     (80,748)
[OVERDISTRIBUTION-NII]                               0
[ACCUMULATED-NET-GAINS]                        770,393
[OVERDISTRIBUTION-GAINS]                             0
[ACCUM-APPREC-OR-DEPREC]                   (5,225,166)
[NET-ASSETS]                               136,415,284
[DIVIDEND-INCOME]                                    0
[INTEREST-INCOME]                            6,483,621
[OTHER-INCOME]                                       0
[EXPENSES-NET]                                 636,020
[NET-INVESTMENT-INCOME]                      5,847,601
[REALIZED-GAINS-CURRENT]                       939,341
[APPREC-INCREASE-CURRENT]                  (2,925,258)
[NET-CHANGE-FROM-OPS]                        3,861,684
[EQUALIZATION]                                       0
[DISTRIBUTIONS-OF-INCOME]                    6,445,287
[DISTRIBUTIONS-OF-GAINS]                       220,935
[DISTRIBUTIONS-OTHER]                                0
[NUMBER-OF-SHARES-SOLD]                     85,201,664
[NUMBER-OF-SHARES-REDEEMED]                423,260,743
[SHARES-REINVESTED]                          8,235,668
[NET-CHANGE-IN-ASSETS]                    (39,371,708)
[ACCUMULATED-NII-PRIOR]                         51,633
[ACCUMULATED-GAINS-PRIOR]                  (1,730,983)
[OVERDISTRIB-NII-PRIOR]                              0
[OVERDIST-NET-GAINS-PRIOR]                           0
[GROSS-ADVISORY-FEES]                          501,799
[INTEREST-EXPENSE]                                   0
[GROSS-EXPENSE]                                636,020
[AVERAGE-NET-ASSETS]                       114,251,267
[PER-SHARE-NAV-BEGIN]                            07.89
[PER-SHARE-NII]                                  10.32
[PER-SHARE-GAIN-APPREC]                         (0.13)
[PER-SHARE-DIVIDEND]                             00.37
[PER-SHARE-DISTRIBUTIONS]                        00.02
[RETURNS-OF-CAPITAL]                                 0
[PER-SHARE-NAV-END]                              07.68
[EXPENSE-RATIO]                                  01.12
[AVG-DEBT-OUTSTANDING]                               0
[AVG-DEBT-PER-SHARE]                                 0
</TABLE>

CONSULTING GROUP CAPITAL MARKETS FUNDS
10F-3 REPORT
November 1, 1998 through January 31, 1999


			Trade								% of
Issuer			Date		Selling Dealer		Shares	
	Price	Issue

Scottish Annuity		11/23/98		Prudential Securities
	55,900		$15.00	0.33%
     & Life Holdings

Bindview Development	12/3/98		Robertson, Stephens
	15,200		 21.00	0.51

P.F. Chang's China Bistro	12/3/98		DLJ			3,200	
	 12.00	0.09

Select Comfort		12/3/98		Hambrecht & Quist	8,200	
	17.00	0.21



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